Posted on 03/18/2011 12:55:01 PM PDT by Nachum
That's only a part of the equation. Drilling will begin to bring some sanity to the US energy situation. Utilizing all our resources will eventually result in the US being self-sustaining in energy. We do not need to continue to utilize power from outside sources. It is a security issue as well as a budget issue.
Especially since they are not going to let anybody drill. Everybody but the USA is drilling in the Gulf.
Ever looked at their website? They have lots of good data that is hard to find elsewhere. They're supposed to be independent. It's good to be able to know what is going on. Maybe there's a better or cheaper way to do the same thing but they don't seem to be the worst part of government.
The US imports electricity from Canada in addition to oil and natural gas.
Very few stories are written about our energy imports from Canada.
January 1,1999 the US dollar was worth $1.52 in Canadian funds. Today the US dollar is worth $0.99 in Canada funds.
I would like to know how much have our imports of Canadian electricity, oil and natural gas have affected the big swing in the value of the US dollar vs the Canadian Dollar?
If we don't build coal, natural gas or nuclear fired power plants we will be importing more and more electricity from Canada & Mexico. Our imports of electricity get few if any headlines.
As you said it is a budget issue.
You answered a question I didn’t ask so maybe your post was meant for someone else.
This guy sounds as dumb as all the other Obama political appointees.
I’d rather pay $10/gal for gasoline and have a steady supply than no gasoline available at all. However, it stands to reason that if the supply is increased, the price is reduced. An Obama administration official wouldn’t know that, though.
Richard Newell = Dirty rotten lying SOB hired by a foreign born, known traitor.
“Obama, in fact, is doing everything possible to curtail domestic energy production, and yet he says that “our dependence on foreign oil threatens our national security.” If reliance on foreign oil puts America at risk, why not produce more oil at home?”
http://www.americanthinker.com/2011/02/obama_nixes_safe_drilling.html
Sound familiar?
“Skyrocket”
“Trickle uup.”
So, astronomical costs to live are supposed to coexist with earnings that are at the level of dirt.
It is the only time since oil was discovered in the Williston Basin in the '50s that not even one rig was running. (The current campaign of drilling horizontal wells in the Bakken and Three Forks started the next year in Montana).
Seems they missed Asian demand in their estimate, and that started the runup to $147/bbl oil.
Or are they just trying to take public heat off of the idiots in this administration who are doing everything they possibly can to stop us from drilling our own resources?
After all, oil is like farming. What you do now takes time to show a return.
You won't get any 'immediate benefits' from planting that crop, either, but there will be employment, supplies and materials will be bought and sold, and manufactured.
With this administration's fecal track record in 'creating jobs', maybe they should just get the Hell out fo the way and let us get 'er done.
Nowadays they give PhDs in subjects that would have been a line on an upper level course syllabus when I was in college.
Keep in mind, it used to be that with a Bachelor's degree you knew a little about everything; an M.S., more about something; and by the doctorate, you become so specialized you know everything about dangnear nothing.
The same form applies, but they narrowed the base...
Them's the folks, right out of college, my old boss called weevils, worms or gunzels. He had a M.S. in geology and a B.S. in physics. Weren't no *BS'ing* him about anything oil well. Just an old country boy from the hills of Tennessee who got himself educated up.
Really good guy, great sense of humor, hard drinking and best location manager I ever had.
As long as a person didn't get a snoot full of knowitall, they were all right. Once someone knows it all, they are useless, 'cause they can't possibly learn anything else.
The old hands were the ones to watch and learn from. I was blessed by getting to work with a bunch of them. Not so many around anymore, and the latest crop of worms think we're them!
Don’t matter,anyone who had rigs lost them in the last oil crisis .That was under Bush.Some people have nothing left to lose but a little voice in me keeps saying-somebody is making a lot of money off of our pain.
[[
(CNSNews.com) - Richard Newell, administrator of the U.S. Energy Information Administration (EIA), said that while oil prices are likely to stay above average for the remainder of 2011, it is unlikely that an increase in domestic oil production would dramatically affect oil prices in either the short-term or the long-term. ]]
It most certainly would affect oil prices IF we got OFF the world/opec price fixing wagon and started settign US prices independent of opec- Why the Hell have we agreed to join opec, and be subject to their control of oil prices when we have enough doemstic oil reserves to sustain us independent of foreign oil?
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