Posted on 05/09/2008 6:57:57 AM PDT by yoe
These Democrats are clueless and quite frankly, dumb. Cantwells response is classic.
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Absolutely true
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“the Cubans are working with the Chineses ....to drill for oil in Cuban waters....A few miles away, American companies are not permitted to drill...”
There was some guy on the Glenn Beck show the other day that had just come back from an Off-shore Oil Technology conference. He had dinner one night with folks from all over (Kenya, Malaysia, etc.) and they said the U.S. is the laughing-stock of the other oil producing nations that are expanding their capabilities.
And hey - Pelosi. What do you think is more environmentaly responsible? Exxon/Mobil drilling off shore Florida under U.S. rules or Cubans/Chinese drilling under Cuban rules?
If these Liberals really cared about the environment they would ONLY allow drilling, mining, timber cutting, etc. in the U.S. and Canada. And maybe Norway. (Okay - most of Europe probably!)
Thank you for that map.
I just sent it to Bill OReilly. He wanted to know what we thought about McNuts interview.
Prior to your sharing your map, I sent him photos of ANWR and what a liar McNut was (although I used polite terms a difficulty for me when I get wired).
I followed that up with your map.
I also asked him (not holding my breath here) to show those photographs of ANWR on his show. I am sure he will (/sacr).
Many states have sales taxes on gasoline that RISE when the price of gasoline rise.
It is a mixed situation. Both “per gallon” and “percentage of price” taxes are in effect here.
Brilliant bumper sticker
That would include all taxes paid, I believe. Fees would come out of operating costs.
Oil shale - by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years.
I has been estimated that it is profitable to recover with oil at a less than $50 per bbl. Why are we not doing it?
Why? Give all the help they need to hurt themselves so that we’ll be awarded.
I wasn’t disagreeing with your numbers. I was just mentioning that government costs imposed on the energy industry and included in energy prices go beyond just taxes. If you look at the total Federal, state and local taxes and the costs of regulatory and environmental compliance they are way higher than the oil company profits.
The lead time to develop big oil shale projects is several years. The initial work is being started. This is a remote area and pipeline transportation systems also need to be built. There is also plenty of oil and natural gas available offshore that the government does not allow to be drilled.
Also, most of the Green River Formation is on BLM land. They have only recently allowed very small pilot projects to be considered. The EIS was just done earlier this year.
No sooner said than done!!!
Thank you.
When someone finally gets it in D.C. and they pass legislation that approves the immediate construction of small electrical Nuke Plants all over the U.S. and allows extraction of our own oil reserves, then and only then will the Mid East countries realize they have lost.
Us’ins too with the Boy Scouts and sports as well as weekend getaway trips. We’re gonna be stayin round the casa more, burnin some BBQ s/charcoals in order to make EGore proud of how big our carbon footprint is! Footprint compensation as a result of less carbon based fuel usage. hehe
“Also, most of the Green River Formation is on BLM land. They have only recently allowed very small pilot projects to be considered. The EIS was just done earlier this year.”
You’re right. Good point.
In '86, the price collapsed, and it is likely some of those projects would have not been completed or downsized due to the economics of the situation.
That said, Daddy Bush did a few things I didn't like. By '86 Neil had problems of his own...in the Savings and Loan biz (Silverado). I also recall that was when I started voting for leser (but noticeably) evils, which has led us to the mess we have today.
Correction: GWHBush did not become President until 1989. He could not have signed any orders before that date.
Per Sierra Club, “During 1990, a yearlong study by the National Research Council (NRC) of the prestigious National Academy of Sciences found that insufficient scientific data existed to enable offshore drilling to proceed within the annual congressional OCS Moratorium areas while ensuring that the environment would be protected. Having commissioned this scientific study by the NRC, former President George Bush, Sr., became known as the “Environmental President” in 1991 when he issued his Executive OCS Deferrals, declaring that the existing Moratorium waters, with the exception of Bristol Bay in Alaska, would not be offered for new offshore oil and gas leasing until at least 2002.
GHWBush proudly became our first Green President embracing the enviromental wackos and appointing the nutcase Souter to the Supreme Court at about the same time. In 1998, Clinton extended the moratorium until 2012 and GWB has refused to modify that executive order.
“by drilling for our own oil while developing alternatives and building nuclear power plants as fast as we can.”
I guess the point Cantwell made is, would the oil we drill off our own shores be a commodity to be bid on or will it be used just for America with the oil company setting the price and not the speculators?
Thank you for that correction. You are, of course, right about the line of Presidential succession.
The Silverado S&L collapse was in ‘88, and the oil patch Started downhill in ‘82 and had crashed by ‘86, as described, but that happened at the beginning of Reagan’s term, not Daddy Bush’s. Thank you again for the correction.
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