Posted on 05/02/2005 8:41:59 AM PDT by MikeEdwards
Between January and this month, the cost for filling my car tank has doubled. People ask why. The answer is that years of effort by environmental organizations have finally paid off, placing so many restrictions on this nation’s ability to keep pace with its energy needs, that everyone will now pay more and maybe, in the process, figure out who to blame.
You cannot "conserve" energy by simply not using it or using less. The ultimate "conservation" would be to stop mining coal and stop drilling for oil and natural gas. The modern world runs on these sources of energy. Cutting back on their use means less electricity, less fuel for automobiles, trucks, and planes. The United States is a powerful economic machine because that machine runs on energy.
Despite the naysayers, there is ample evidence that vast, often as yet undiscovered, reserves of energy exist. Ever since the first discovery of oil, somebody has been saying we are running out of it and, every year, new reserves are found.
On Earth Day, two New Jersey politicians held a press conference to announce they would re-introduce legislation to make it more difficult for States to permit offshore drilling for oil. There are unknown, but presumably vast reserves of oil off the coast of New Jersey and, of course, we know that such reserves exist off the coasts of California and Florida, two States that have resisted drilling, although it does exist. . . . .
(Excerpt) Read more at canadafreepress.com ...
http://www.freerepublic.com/focus/news/1394968/posts?page=45#45
Arctic Coastal Zone Management
.....over-population.....was the problem in the past?
/railroads and nuclear trains?
Between January and this month, the cost for filling my car tank has doubled.
Does anyone else think this is a lie? They get by you pretty quick.
Yeah, it would be nice to blame it all on "environmental organizations." But the truth is, Occidental Petroleum, British Petroleum, Exxon, Royal Dutch Shell, Superior Oil, and Reliance Oil all reported record profits this last quarter.
This is not entirely the fault of enviro-wackjobs. This is untrammeled greed at its worst. And the best part is, the thieving bastids in oil company boardrooms have ready-made whipping boys: the environmental lunatic fringe.
I don't think it has doubled... but two days before last Christmas I filled up at a local 7-11.
Buck sixty nine a gallon.
And I think oil was in the 48.00 range back then, just a tad cheaper than what it is now.
I paid 1.40 in late November
I don't think it has doubled...
I think I figured it out and retract my accusation of lying. I suspect he bought an SUV with a much larger tank. Got to read in between the lines.
/UN.....United Nazis?
/naw
I don't think there's any doubt the big oil companies are doing a bit of price-gouging...
The irony is that if ALL sources of energy development were terminated per the environmentalists demands, they would be the first ones screaming about the discomfort and inconvenience.
If they honestly lived what they believed, they would live in tents and all ride bicycles or horses.
Enviro-wackos are the embodiment of the phrase "All hat and no cattle."
Main point, this has always been true, but the oil cartel in the Middle East has always in the past lowered oil prices until it was not sensible and feasible. Environmental concerns did the rest. The oil retrieved from these deposits in the US and Canada are not as easy to get or as clean to use so they cost too much. One day the price of oil will stay high, but as soon as we start to invest heavily in our own oil reserves, the Saudis will drop prices again and put these new businesses out of business.
BTW, there are new drill rigs and pumping in Texas because of the high price which will be shut down again as soon as the price drops to $30 a barrel.
Two possible endings to that thought:
...so this is a great opportunity to buy oil puts to undercut an unsustainable cartel.
...so death to the filthy imperialist capitalists and long live the worker's paradise!!
Who's side are you on?
Neither. I'm just stating my opinion.
The world is not as black-or-white as you make it out to be.
Blame the Gov't owned oil companies...Saudi Aramco, Citgo/PDV
Do you not believe in the profit motive?
Is there a giant mattress somewhere for them to put that product of their greed? (I heard this is what Greenland is, under the snow is billions in oil profits just sitting there in a giant suitcase.)
If you were an oil baron would you: spend on developing more oil fields to reap more profits, spend on developing new technologies so you have a product or service to extend your going concern, or stash it with the high chance you will need it to comply with future regulatory costs or do nothing?
I would do the first three, as do all the companies you maentioned in your post. Profits are the solution, the oil companies don't make any money off of federal tax or environmental regulation, they lose money there. They only make money off of demand driven pressures. It is in their best interest to serve the demand. For if the margins grow to high someone else will decide they can enter the market and serve them. It is also in their best interest to develop alternatives. Any solution to any impending energy crisis will come from the energy companies... afterall some of those companies had a stake in selling Whale oil, and they solved that shortage didn't they?
-- lates
-- jrawk
BUT KEEP ON DRIVING YOUR GIANT STUPID-@SS SUVs!!!!!
If you've thought through your opinion, then there's either some sinister "they" that needs to be stopped, or there's a opportunity in the market price that can be corrected at a profit. If you're expressing an opinion that's not completely thought out (half-baked) then that's fine, but on the outside chance that you happen to be on to something that I haven't even imagined then you've really got me curious.
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