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Thread: Economists: The stimulus didn't help

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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by USA-1 View Post
    Sure your dog could beat Obama, but Palin couldn't. Especially after her Drill, baby, drill rhetoric kind of bit her in the ass.
    um. a solid majority of Americans support deep water drilling off our coastlines and opening up ANWAR. drill baby drill is going to bite her in the butt about as much as supporting Arizona will.

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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by cpwill View Post
    um. a solid majority of Americans support deep water drilling off our coastlines and opening up ANWAR. drill baby drill is going to bite her in the butt about as much as supporting Arizona will.
    We shall see after the oil ruins the beaches in the gulf. Drill baby drill is a joke. We can not drill our way out of the energy mess.

    WASHINGTON — Despite the recent oil rig explosion and massive spill in the Gulf of Mexico, a new public opinion poll shows that a majority of Americans still support offshore drilling for oil and gas, though that support has declined.

    Fifty-eight percent of those surveyed by Rasmussen Reports earlier this week said they favored offshore drilling, 23 percent said they opposed it and 19 percent said they were unsure.

    The new poll reflects a 14-point dip from an earlier poll conducted on March 31 and April 1, when 72 percent of those polled said offshore drilling should be allowed.

    Another shift: The new Rasmussen poll shows 34 percent of likely voters were very concerned about environmental problems linked to offshore drilling, up from 18 percent in the earlier poll.

    Both polls surveyed 1,000 likely voters nationwide, according to Rasmussen. The latest poll was conducted on May 4 and 5, two weeks after the April 20 explosion on the drilling rig Deepwater Horizon in the Gulf of Mexico.
    Last edited by USA_1; 05-09-10 at 08:06 PM.
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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by USA-1 View Post
    We shall see after the oil ruins the beaches in the gulf. Drill baby drill is a joke. We can not drill our way out of the energy mess.
    the notion that we can (or should) domestically produce all the energy we consume is of course a joke. the notion that we can drill alot of oil here in the states, and that this would lower the price of oil along with providing for government revenues and private sector jobs is not.

    WASHINGTON — Despite the recent oil rig explosion and massive spill in the Gulf of Mexico, a new public opinion poll shows that a majority of Americans still support offshore drilling for oil and gas, though that support has declined.

    Fifty-eight percent of those surveyed by Rasmussen Reports earlier this week said they favored offshore drilling, 23 percent said they opposed it and 19 percent said they were unsure.

    The new poll reflects a 14-point dip from an earlier poll conducted on March 31 and April 1, when 72 percent of those polled said offshore drilling should be allowed.

    Another shift: The new Rasmussen poll shows 34 percent of likely voters were very concerned about environmental problems linked to offshore drilling, up from 18 percent in the earlier poll.

    Both polls surveyed 1,000 likely voters nationwide, according to Rasmussen. The latest poll was conducted on May 4 and 5, two weeks after the April 20 explosion on the drilling rig Deepwater Horizon in the Gulf of Mexico.
    exactly. a worse-case scenario still isn't enough to put Americans off the notion that we should be taking advantage of our oil. get the spill off the front page for a couple of weeks (and get gas back up to 3.50 a gallon) and we'll see those numbers snap right back up to supermajority status.

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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by cpwill View Post
    the notion that we can (or should) domestically produce all the energy we consume is of course a joke. the notion that we can drill alot of oil here in the states, and that this would lower the price of oil along with providing for government revenues and private sector jobs is not.



    exactly. a worse-case scenario still isn't enough to put Americans off the notion that we should be taking advantage of our oil. get the spill off the front page for a couple of weeks (and get gas back up to 3.50 a gallon) and we'll see those numbers snap right back up to supermajority status.
    Opinion is fairly irrelevant. Opening up ANWR isn't going to get your gas prices lowered significantly. Fossil fuels are great, but they're starting to lose out to sheer scale of our energy needs. With China and India rapidly industrializing, global energy demand keeps expanding. Supply can't keep pace, so prices are going to go up. Adding .5% to supply via ANWR wont change that. It's purely symbolic, a pretense of energy independence. So screw public opinion :P
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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by cpwill View Post
    the notion that we can (or should) domestically produce all the energy we consume is of course a joke. the notion that we can drill alot of oil here in the states, and that this would lower the price of oil along with providing for government revenues and private sector jobs is not.
    .
    Wrong. When the price dropped too much production would be reduced. The more we drill here the sooner we will use our oil up and then what? We could put a million more rigs up and be out of oil in a couple of years.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by USA-1 View Post
    Wrong. When the price dropped too much production would be reduced. The more we drill here the sooner we will use our oil up and then what? We could put a million more rigs up and be out of oil in a couple of years.
    I spent 35 years in the Oil business and you don't have a clue as to what you are talking about. We have one oil spill that we do not know the extent of yet and people like you go off the deep end. China is going to be drilling off the coast of Florida soon so keep burying your head in the sand.

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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by USA-1 View Post
    The fact is we can't drill our way to independence. Increasing offshore drilling will only put people back to work cleaning up the messes they make.
    We either buy oil from the arabs or find it in our back yard, either way we have to have it because so many of the products we use every day is made from oil, not just gas.

    ricksfolly

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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by ricksfolly View Post
    We either buy oil from the arabs or find it in our back yard, either way we have to have it because so many of the products we use every day is made from oil, not just gas.

    ricksfolly
    Drilling more of our own oil just means we will run out of it faster.

    https://www.cia.gov/library/publicat.../2178rank.html
    We use about 7 billion barrels a year.........do the math.
    Last edited by USA_1; 05-10-10 at 05:28 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by USA-1 View Post
    Drilling more of our own oil just means we will run out of it faster.

    https://www.cia.gov/library/publicat.../2178rank.html
    We use about 7 billion barrels a year.........do the math.


    Another myth: we are running out of oil. According to WorldPublic Opinion.org, “majorities in 15 of the 16 nations surveyed around the world think that oil is running out . . . only 22% on average believe that ‘enough oil will be found so that it can remain a primary source of energy for the foreseeable future’ ”. Those majorities who think we are running out of oil include 85% of the British and 76% of the American citizens polled. Luckily, they are wrong.

    Production of oil is being constrained by several forces, none of them due to God’s failure to put enough of the black gold under our feet. Several countries that are important sources of supply are in political turmoil, and unable to bring to market the oil they are capable of producing. Think Nigeria, where security problems have shut down about 20% of the nation’s capacity of 2.5m barrels a day and discouraged new investment, and Iraq, where political paralysis and terrorists have kept production at less than half its potential.

    Other countries will not develop the reserves of oil known to lie under their territories.

    Russia has made it clear that foreigners who invest in its oil industry might be playing a game with Vladimir Putin known as heads I win, tails you lose. Find nothing and you lose your money; find substantial reserves and the state squeezes you until your shareholders’ pips squeak. Only companies at least 51% owned by Russians – read FOPs, Friends of Putin – are allowed to look for oil in the new, difficult areas in which it is to be found. Little surprise that oil output dropped in the first quarter of this year.

    Mexico’s president, Felipe Calderon, wants to revive Petroleos de Mexico (Pemex), the world’s third-largest oil producer, by contracting with foreign companies to introduce modern methods of extracting more from existing fields and finding new ones. But legislation is stalled by left-wingers who have seized and are sleeping at podiums in both houses of congress.

    Saudi Arabia’s royal family has announced that it will not expand capacity. Abdallah Jum’ah, chief executive of the kingdom’s oil company, said high prices didn’t mean the world needs more oil because such market signals were “imperfect”, and energy minister Ali al-Naimi has announced that there are no plans to embark on a new round of expansion. The oil is there, but with current production yielding about $120 a barrel, there is no incentive to find more, especially since new production might drive down prices as demand from the slowing American economy falls.

    Venezuela’s oil industry can only be described as a mess. President Hugo Chavez’s cronies are inadequate substitutes for the technicians they have replaced, so production is falling, while foreign investors are reluctant to trust hundreds of millions in exploration dollars to a regime that treats contracts as the first step in a negotiation.

    In America, Congress alternates between calls for “energy independence” and refusals to allow drilling in what it considers environmentally sensitive areas in Alaska and offshore California and Florida.

    There’s more, but you get the idea. There is a lot of oil out there to be found and produced, not even including the vast reserves in Canada’s tar sands. We might have reached the age of peak panic about oil supplies, but not of peak oil.

    It’s a myth that the world’s oil is running out - Times Online

    Peak oil is a myth!


    j-mac
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    Re: Economists: The stimulus didn't help

    Quote Originally Posted by j-mac View Post
    Peak oil is a myth!


    j-mac
    Keep believing that if it makes you feel better. In a few short years it won't matter what you believe.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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