Posted on 05/08/2008 6:16:44 PM PDT by RetiredArmy
Hooah. Will save to read over the weekend.
And yet our presumptive nominee refuses to take a proactive stance on drilling, including being flat-out against drilling in ANWR.
McCain is making Bob Dole look like a great Presidential Candidate.
In fact, I’d vote for Bob Dole long before I would ever pull the lever for such a lousy candidate as McCain.
Yeah, ok, I can have a price where I won’t buy gas BUT what about heating oil? Gets cold in Maine in the winter and you can only winterize your home so much and keep the thermostat so low. Then it’s pay-somehow you have to buy that heating oil.
There is no way that what you say is true since Rush did not mention McCain when he was talking about oil prices and ANWR. /sarcasm
bump
I appreciate what Rush stated, but, natural gas is not a by-product of crude oil.
I’m fascinated that Rush manages to say so much about oil production without once mentioning Hubbert’s peak. That, combined with Bernanke’s ‘weak currency’ theory for combating deflation, would tell you why oil is priced as it is.
The price of oil is high because this is an election year and the liberals of the planet want Republicans out of office. Bush and Cheney are both associated with oil. Make oil look greedy and you get to elect a liberal (Marxist) and get one more step closer to a Marxist-Socialist society.
Nuke plants are needed too. If we could replace all our fossil-fuel powered electrical generation with nuclear, it would make a big dent in demand.
“I appreciate what Rush stated, but, natural gas is not a by-product of crude oil.”
Rush has a very flexible view of science.
SoConPubblie: “In fact, I’d vote for Bob Dole long before I would ever pull the lever for such a lousy candidate as McCain.”
That makes two of us.
This is going to be one of the few times I disagree with El Rushbo.
20-30 years ago, China and Singapore were the largest manufacturers of toys in the world. Today, they make 90% of all the computers and components used in high tech, world wide. This means that we have added Billions of people from 3rd world status, to the lower and middle-class status. China changed their entire country’s standing, going from Agriculture and low tech labor, to Agriculture and leadership in manufacturing high tech equipment and components.
20-30 years ago, India was a 3rd world country with little more than subsistence Agriculture. They were barely surviving, famine was commonplace, as was poverty and illiteracy. Today, they are a leading country in providing software and telephone support for US companies such as Dell, and others. India is rapidly changing their culture, and are emerging as a high tech center on the world scene.
So, when you take 2 densely populated countries like China and India, and add them to the population of advanced technology countries (Europe, USA, Australia and others) we have essentially doubled the demand for oil.
With this HUGE influx of middle-class people, in a multitude of different countries all finding fiscal success; the demand from these countries for energy will likewise expand. The expansion we are all enjoying is more exponential than linear, and this makes sense.
So, based upon demand alone - I see the market changing permanently. The Demand has exponentially increased, thus the price for energy will follow suit. We know that the Supply side of the equation is fixed.
Secondly, Rush’s analogy to jet fuel is simply not applicable. (Apologies to Rush - I do admire him greatly, and am politely voicing my disagreement). Jet fuel is a luxury that most of us cannot relate to. If we cannot afford the trip, we don’t take it. This is something we do with our disposable income.
However, I have no choice in buying gas. I HAVE to drive to the supermarket. My food source is miles away, so I cannot walk and carry food for my family. Secondly, my wife and I work at places that do not have public transportation available. If gas goes to $100/gallon, I will have no choice but to buy it.
I will refrain from making non-essential trips in my car; but I must drive to get food, to work. Gas is essential to us as Medical Care. We MUST pay it, we have no other choice. This is a situation that countries like Brazil have been wise enough to avoid. Unfortunately, our politicians are more engaged in gaining personal wealth, than in safeguarding those whom they have sworn to protect.
I missed it. Damn!
I crashed my computer and I’m just getting back, after reinstalling OS.
Back then I’d bookmarked a Rush post that listed the stations
broadcasting over the web. I’d bookmarked it.
Can’t find my bookmarks.
Can anybody provide me that link?
I’d be grateful.
PS. I’m anticipating the Lib reply to Rush: “Oil production
declined because the fields were exhausted;” I doubt this, but some support would be appreciated.
Thanks.
Tom
me too.
Not all together a true statement. Natural gas tends to gather ABOVE oil reserves. In Texas, it's not unusual to have the natural gas claimed while drilling for oil, finance the entire drilling operation. The well ends up producing both natural gas, as well as crude - the natural gas is just gravy on a very nice paycheck.
If you see a drilling rig in operation; it's pretty common to see a huge fire plume about 200 yrds away, where the natural gas is collected and burned. Bear in mind, Natural Gas is odorless and tasteless - if you don't burn it, it'll kill ya. Eventually, if the gas production is great enough, it's fiscally worthwhile to collect and market the stuff.
In many oil fields, Natural Gas is collected during the crude pumping process.
No, it's just another economical source of energy, like oil. The point is that denying access is inflating prices . It is science; it's economics.
Had President Clinton not vetoed exploration in ANWR in 1995 — oil was $19 a barrel in 1995 — America would currently be receiving over a million barrels a day from Alaska. Experts estimate that ANWR contains 5.6 to 16 billion barrels of recoverable oil. Okay, now at $123 a barrel — and, by the way, ten years ago they said, “Well, it will take ten years to get the first drop. We can’t do it.” It’s been ten years or more. We’d have had it, it would be online.
The Clintoons are personally responsible for all of us paying so much for gas.
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