Posted on 06/29/2008 7:53:56 AM PDT by shove_it
The chief practical argument coming from those who oppose opening our continental shelf and the Arctic National Wildlife Refuge for drilling is that it will take ten years to get the oil so it will not have any impact on current oil prices. The response is that is factual and analytical hogwash, insofar as the whole point of futures markets is to discount the impact of changes in future supply.
It is also, by the way, reasoning that many on the left would not want applied to their own pet project:
My response to those who say that increased drilling is pointless because it won't yield immediate results -- like Arnold Schwarzenegger --is why worry about the greenhouse effect, then? Nothing we do will cool the planet immediately. Yet we're told immediate action there is vital. In fact, we're told that by none other than Arnold Schwarzenegger, in the very same speech.
One would have thought that this point was so obvious it would not have to be made at all. But then, one would also think it obvious that a "windfall profits tax" on oil companies would reduce the supply of oil in the future, since we have empirical evidence from the Carter fiasco that it will, yet Barack Obama continues to push the idea. That the mainstream media refuses to call Obama to account for the obvious impact of "don't drill, do tax!" on gasoline prices reveals them as utterly unthinking or completely in the tank for the guy. It is hard to know which it might be. Maybe it's both!
Pray for W and Our Troops
Nothing is going to help next week or even next year.
The Congress has waffled on an energy policy since 1970s.
You have to start sometime to build a reasonable policy that will produce results. So far, most alternative energy technologies are pie-in-the-sky hopes without feasible results.
If the cost of oil can be brought down to it’s “justifiable” cost in the range of $20/40 bbl — I frankly don’t care where it comes from.....
I would like to think that our history of having developed oil fields and equipment “nationalized” by foreign thugs - has taught us a lesson to apply OUR TECHNOLOGY to OUR resources....
With no end in sight to the level of blackmail that OPEC can ask — it’s insane to not pursue all national resources of oil/coal until the “greenies” can come up with their alternative source in about 20 years.
The Communist “Greenies” in the U.S. and the DNC are partners in forcing this artificial shortage and price climb — to SERVE THEIR OWN POLITICAL POWER goal..
NOTHING the nation needs to address this problem will be approved by a Democrat controlled congress while a Republican President is in the White House.
I'm tired of this country acting like an invalid.
My late father used to quote, “Once this country sets it mind, there is nothing it can't do.” I believe him to be right, however, “Setting the mind” has become the most impossible part of that statement.
And yet the Democrats in power seem to be willing to wait half a century for these technologies to become more feasible, yet they can't bring themselves to wait 3-10 years to have new offshore and ANWR oil leases pumped, produced, and distributed.
Their patience comes and goes, doesn't it?
Alabama has no waiting period just the background check. Usually your in and out in minutes.
milky-6/19/08
Exactly, Aramco comes to mind.
I tend to agree with you— however I think the ability to be “Fortress America” has been sold down the river by both political parties and global corporate interests.
One cannot argue with the wealth that free trade and globilizaton has brought our nation. However that largess comes with a price: the ability to act unilaterally.
An even simpler concept is to apply it to education of children. After all, why spend so much money and time on educating a child when the payoff will not be for 15-20 years? So, why start it? It’s a good one to throw at liberals since they are so beholden to the education mafia.
Democrats only understand infrastructure as it applies to highways, bridges and schools. The concept of building infrastructure in military, energy, and even maintaining a healthy birthrate, is foreign to them.
It’s so easy to see how idiotic the liberal position is - keep aborting the babies, and eventually we’ll have no schools, no taxpayers, no nothing. Same with military - no military and out goes our freedoms; likewise, no energy, and we all go bankrupt as the economy collapses.
Also, one of the Oil Company experts mentioned to Sean Hannity that they could get oil to the markets in 1 year if the drilling ban was lifted.
It won’t take 10 years, but so what if it did? I remember them using that SAME sick argument 10 yeras sgo, in 1998! And before that, in 1988, after the oil tanker wars. And even in 1978, when Carter wanted to shut the Christmas lights off.
3-D seismic shows the fields where they have not yet drilled don’t contain formations large enough to justify the cost. Now you know someone in the industry.
In the meantime, our government works to slip in legislation or department find a reason for ‘a study’ to thwart all domestic production increases of oil, natural gas, refinery capacity, and renewable resources other than burning our food.
O’Reilly had some guy on his program last night who said that some oil rigs are already in place in some of the areas where there is oil .. and they could be up and pumping in LESS THAN A YEAR.
Hmmmm ..?? The dumocrats would lie about it taking 5-10 years - would they ..?? Why would they want to keep us poor, ill informed, out of work, 3rd world-like ..????
The democrats/liberals remind me of a husband who keeps his wife barefoot and pregnant - in order to maintain total control of her. I don’t think most women are buying that kind of control anymore .. and neither is the American public.
Exactly...they will use the excuse of higher fuel and food costs to justify them raising taxes to create more bloat and useless programs.
Passing an $845 billion “Global Poverty Act” tax increase won’t fix poverty RIGHT NOW.
Raising $43 trillion for the UN won’t cure global warming RIGHT NOW. (nor will it end UN corruption right now.)
Ending the “Bush tax cuts” won’t give us good government RIGHT NOW.
Cutting the Department of Defense budget, and retreating from Iraq won’t give us world peace RIGHT NOW.
Passing McCain-Feingold won’t give us campaign finance reform and honest government RIGHT NOW.
Never mind, we know.
Because there is not oil on all 33 million acres! You don't just go drill a hole anywhere and find oil!
How Stuff Works:
Finding Oil
The task of finding oil is assigned to geologists, whether employed directly by an oil company or under contract from a private firm. Their task is to find the right conditions for an oil trap -- the right source rock, reservoir rock and entrapment. Many years ago, geologists interpreted surface features, surface rock and soil types, and perhaps some small core samples obtained by shallow drilling. Modern oil geologists also examine surface rocks and terrain, with the additional help of satellite images. However, they also use a variety of other methods to find oil. They can use sensitive gravity meters to measure tiny changes in the Earth's gravitational field that could indicate flowing oil, as well as sensitive magnetometers to measure tiny changes in the Earth's magnetic field caused by flowing oil. They can detect the smell of hydrocarbons using sensitive electronic noses called sniffers. Finally, and most commonly, they use seismology, creating shock waves that pass through hidden rock layers and interpreting the waves that are reflected back to the surface.
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