Posted on 04/12/2005 9:20:53 AM PDT by liberallarry
Has any economist ever calculated at what price per gallon of gas do all the enviro-whackos get lynched and this country embarks on a rational oil exploration and drilling policy?
Well when the Saudis run out of oil and gas, they can always export jihadis.
I'm sure there are, but they don't get interviewed by the MSM and they NYT.
That's the real danger.
Arabs have some of the highest birthrates in the world (Palestinians have the highest). They're uncompetitive in world markets and largely uneducated or badly educated. Without oil monies their societies will break up and they'll face starvation.
Anyone here from Kansas, Ok, or that area?
Was just through that area and talking to locals, they say they never have ever seen so much drilling going on in a long time as they see going on now. I do know that nearly every well is pumping and it looked as if only the old pumps that break down often were not producing-about 20 or so across the area I saw.
Rational oil exploration policies already exist...and have always existed.
Rational drilling? First, no known untapped pools exist domestically which can compensate for loss of Saudi oil. Second, drilling off the coasts is rational only to people who don't live there.
Rational oil exploration policies already exist...and have always existed.
Rational drilling? First, no known untapped pools exist domestically which can compensate for loss of Saudi oil. Second, drilling off the coasts is rational only to people who don't live there.
Coxe, the Canuck, sure sounds like a Communist.
Contrary to the scaremongering of envirowhackos, offshore drilling when done responsibly doesn't cause environmental degradation. We have lots of offshore wells in the Gulf of Mexico on the Texas coast that have never caused any problems. In fact the oil platforms make excellent artificial reefs. Quite a number of deep sea fishing boats go to oil platforms, because of the fish that congregate there. Also lots of SCUBA divers dive near these platforms.
BUMP
First, that's only partly true.
Second, good luck in trying to sell it. Attempt to implement such a policy and you'll have insurrection at home.
Third, the known reserves off the coasts are also not adequate to compensate for loss of Saudi oil.
The only realistic solution to the looming crisis is nuclear power. It makes no sense to burn oil or natural gas for electrical production.
The lead time for building a nuclear plant is maybe ten years. That could be cut if we reduce regulatory constraints, but there would still be a considerable lead time.
Why aren't we doing this? Politics. The green machine would kill any politician who raised this issue, and the Democrats would pitch in enthusiastically. Environmentalism is one of their last persuasive political arguments left, and they will play it for all its worth.
Time is running out. We need to do something right now if we want to survive. Bush is lying extremely low on this issue, even with gasoline prices angering the voters. Maybe he's hoping someone else will raise the issue first, because if he does he will immediately get hammered. It took five years to push the ANWAR project through, and nuclear power is a LOT more controversial than that.
My father has always wanted to drill a well just off the coast of Martha's Vinyard.
"Has any economist ever calculated at what price per gallon of gas do all the enviro-whackos get lynched and this country embarks on a rational oil exploration and drilling policy?"
O don't know about the lynch-mob part but we're facing a real energy crisis and I am feeling that oil exploration and drilling are being pushed hard right now.
"Time is running out. We need to do something right now if we want to survive."
This is true. We also are having frequent brown-outs in the East and West coasts on a regular basis. We need modern nuke plants to generate this needed electricity for raw consumption and we also could use it to produce the electricity needed to produce fuel cells.
Well part of the problem is that except for Texas, state waters end just 3 miles from the coast. If the states owned the minerals out to 10 miles like Texas or perhaps further, the states would make really nice royalties off the oil and gas production. Texas has financed lots of school construction from offshore oil and gas royalties without having to institute an income tax.
Of course lots of leftists on the east and west coasts want jet fuel to put in their Gulfstream Vs and BBJs but they don't want any oil wells or refineries anywhere near them.
The only people at home who would oppose that are idiot liberals.
A liberal insurrection, huh? Well, one can dream...
"Attention all knee-jerkers: Adam Porter is good and trustworthy."
Yea, but what he's reporting is that there are a lot of people disagreeing with each other. Hubbert predicted that the Middle East's oil fields would have peaked before now.
Some oil fields follow Hubbert's predictions, others do not.
The Saudi's have little incentive to allow independent reserve calculations. Anyone they would consider reliable to make independent calculations would be considered complicit by the mainstream media which seem to love to predict the doom of oil production on a weekly basis.
The people the media would consider credible are the acedemic elite who bring us tales of global warming disasters even though their computer models can't even accurately predict past or curent climate changes.
Is Adam Porter good and trustworthy? I don't know, but I find it strange that he only quotes the first and only major bank analyst to say that the oil field is in decline along with a quote from the Association for the Study of Peak Oil, which is an organization pushing the theory of peak oil.
Peak oil is a serious concern, but this article is pretty one sided.
" Rational drilling? First, no known untapped pools exist domestically which can compensate for loss of Saudi oil."
This isn't a prediction of a loss of Saudi oil. It's a prediction of slowly decreasing capacity that would decrease over decades.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.