Posted on 08/19/2008 6:04:39 AM PDT by eeevil conservative
Just in case somebody decides to pass on your link, I’ll add the following along with a recommendation that it be nominated as Post Of The Month. (And maybe branded on a certain bunch of politicans’ arses.)
One topic no one seems to talk about is the oil bidness has been working night and day for years now as oil prices have risen above $100 bbl. The estimates of new oil coming on line in 10 years is just wrong. It will be coming in daily as every rig is either being used or rented right now and has been for some years now. The focus has been on renewables as of late, but just a few new rigs makes more of a dent in supplies than all but the very best alternatives. The holdup is the politicians limiting on places to drill. We already know where the big fields are to be found, but are forced to waste rigs on wells that only are capable of small outputs vs, huge flows. To make a huge dent in a hurry, we need to have larger finds right now, otherwise we will see supply fall even with a steady rise in finds. To conserve in the US just means lower prices for China and India. We will switch to mopeds and they will drive Buicks.
I’m all for alternatives, but the reality is oil will be here for years, and even decades to come. Better find some.
5 posted on Tuesday, August 19, 2008 8:51:35 AM by chuckles
Oil spill dangers keep state wary of drilling
"The specter of an oil spill ruining New Jersey beaches is keeping state officials from even considering the potential benefits of what could be vast supplies of natural gas discovered nearly three decades ago about 90 miles off Atlantic City. The discovery was not exploited at the time because prices were too low to justify costly pipelines and platforms. Then Congress banned all drilling in the Atlantic in 1982...
If the ban were lifted, one federal expert said energy companies would be interested in the gas off New Jersey. “There were five gas finds in the eight wells off New Jersey. I would call them somewhat significant,” said Chris Oynes, associate director of the federal Minerals Management Service, which controls offshore leasing. “With today’s prices, they certainly would be much more attractive now. Should new leasing occur — a big ‘if’ obviously — companies probably would go back into that area and try to find additional gas discoveries...”
The chairman of the geology department at Rutgers University, Kenneth Miller, said maintaining the ban on drilling is “not based on rational thought.” Miller said the threat from an oil spill damaging beaches from 90 miles out to sea — about 70 miles past the horizon that can be seen from shore — is overblown given modern technology. The danger becomes even more remote if drilling for gas, which dissipates if it reaches the surface, he said...
As a result, the state is not even considering whether offshore natural gas should be part of the state’s long-term energy picture — even as it considers allowing offshore platforms that could receive natural gas brought by tankers from Africa or the Caribbean. Indeed, one of the architects of the recently issued Draft New Jersey Energy Master Plan was unaware that just five test wells dug in the late ’70s and early ’80’s found enough gas supplies to heat nearly 150,000 North Jersey homes...
Miller said basing opposition to drilling on the fear of a spill makes little sense because New Jersey beaches are already at risk from spills from tankers carrying Middle East oil to the tank farms and refineries that line the New Jersey Turnpike. Two spills from those facilities did close some Sandy Hook beaches in the early 1990s. “Most oil spilled into the sea is from ships or from loading and unloading ships, not from [drilling] rigs,” Miller said. He pointed to Canada’s experience allowing drilling in the North Atlantic off Nova Scotia."
BTTT!
See reply 23 below
Exxon has done more for Americans than the Rat party ever has.
I just completed my daily round of phone calls to the offices of:
The President: Call Congress back, DEMAND that they repeal the drilling ban. (Article II, Section 3)
Rep Congress; Boehner and Blackburn - Thanks.
Dem Congress; Childers and Tanner - Call Congress back, repeal ban.
Rep Senate; Alexander - Call Congress back, repeal ban.
Rep Senate; Corker, Thune, Isakson, Graham - Call Congress back, repeal ban. Disavow and denounce the Gang-of-10 proposal.
To ALL of them: The mess we are in is solely and absolutely the fault of Congressional meddling, and now this “gang” wants to meddle even more.
Meddle with commodity markets, where traders have knocked the price of oil dowm from $147 to $113 as soon as they thought the US might actually get serious about drilling, thus PROVING that the issue is best addressed on the SUPPLY side.
Meddle with the product itself, with its infamous “ethanol mandate” that has stolen two miles from every gallon of adulterated gasoline I buy, and raised the price of virtually everything else I buy.
Meddle with the oil companies, by removing tax deductions, raising the amount these companies must collect from their customers - that’s us, folks - by $68 billion so they can misallocate and misdirect the funds into blind alleys of meaningless, politically correct “research” that is really more about the fine art of “grants-manship”.
CONTINUE to meddle in the process of exploration and extraction of our own AMERICAN energy resources with nonsensical restrictions and limitations on locations and technologies. 50-mile limit? There MIGHT be oil ther, but we KNOW there is oil much closer to shore.
MY PERSONAL CONTEMPT OF THE SINGLE-DIGIT CONGRESS KNOWS NO BOUNDS!
Exxon Mobil's Profits, Taxes and Costs
"Much has been made of the reported profits of oil companies; the implication is that Bib Oil is ripping us off. The left has relied on the fact that Exxon Mobil’s profits for the last quarter were the largest in corporate history. And it’s always an excuse to demonize the part of a free economy that is the bête noir of the Left at the time.
The Chairman of Exxon Mobil, Rex Tillerson, gave an interview to ABC news recently and this is what he said:
"I saw someone characterize our profits the other day in terms of $1,400 in profit per second. Well, they also need to understand we paid $4,000 a second in taxes, and we spent $15,000 a second in cost," Tillerson told ABC News' Charles Gibson. "We spend $1 billion a day just running our business. So this is a business where large numbers are just characteristic of it..."
I called the speakers office spoke to someone he directed me politely to her voicemail. I left a respectful message asking for a strict up or down vote on energy, not laden in any budget bills or with any other qualifications.
Additionally, I called my Rep. Roscoe Bartlet and was informed he had been back to the House as of last week and had made a speech. I thanked his office for that and told him to keep it going and to pass on thanks to his colleagues.
All of that puts the U.S. in a position that war for oil or
complete economic collapse will be our only choices.
You can't frustrate every source of domestic energy
without consequences. Our enemies will blackmail us
to the extent that we are vulnerable to blackmail.
The Democrats are leading us into a real war for oil.
A war we won't have the energy to fight.
But the DNC will keep handing out stress relievers shaped like an oil drum to demonize them.
Stupid is as stupid does. Just wait untill heating season gets under way - the folks will tell the Democrat Party where to stick their little oil can 'stress relievers.'
He (pickens) wants to meet with Mccain, do not know if he did or not...
Thanks for keeping fresh wood on the fire! I guess it would fit better to say thanks for priming the OIL pump...
PUMP BUMP
;^)
Hi EC,
I thougth I would share my response back to Rep. Peter Defazio (D)OR after submitting his response to me last week.
Dear Rep. Peter Defazio,
Thank you for responding to my question regarding our country’s energy needs. Like you I believe it is imperative that we as a nation become energy independent. I hope that you can put aside party differences in this most perilous of times for our country. As Russia seeks to expand it’s borders and control of European and Middle East energy sources, we as a nation NEED to be energy independent. I strongly urge you to read the proposed American Energy Act as presented in HR 6566. As my Representative in the House, I want you to support this bill as a stand alone without riders or pork added.
In your response to me you stated: “I am convinced we need to consider natural gas as a transitional fuel. I am intrigued by the Pickens Plan. Developed by T. Boone Pickens, the billionaire oilman from Texas, the plan promotes a massive expansion of wind power and the substantial replacement of oil with more environmentally-friendly natural gas...”
I too was “intrigued” by the Pickens Plan. I am disgusted that House Speaker Nancy Pelosi is heavily invested in Mr. Pickens Company and also heavily invested in natural gas in Kansas/Oklahoma. It is morally and ethically wrong for her to be invested in companies that benefit from high oil prices. It is morally and ethically wrong for the House Speaker to hold our nation hostage for her own personal financial gain. It is morally and ethically wrong for the House Speaker to lie to the American people.
I strongly support our country being energy independent. Energy independence is a National Security issue that has to be addressed immediately. As a fellow American, we have a common goal: The security and freedom for our children to pursue the American dream. If we do not start now, where will we as a country be in 7-10 years?
I look forward to your response to these issues.
I bet oil to wind that the “oil drums” are made from a petroleum product..
Hahaahahaha...Love the irony.
GREAT question...
I will get with them and be sure to carry the message.....
TY!!
OK I just mailed Chambliss and Isakson—AGAIN. I think they are enamored with their “gang of ten” title, though.
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