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Thread: New deepwater drilling permits: Zilch

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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by Deuce View Post
    So, mandates that private companies MUST sell their product to Americans first? Even when they can get a higher price overseas? And a mandate that Americans can't buy oil from foreign sources, even if that price is lower? So much for smaller government.

    Oh, by the way, no, prices would skyrocket. This is Econ 101 stuff here, isn't hard. We have a huge demand, and you're talking about slashing supply dramatically.
    I hate it when facts come between right wing rhetoric and j-mac.

    I think some goalposts are about to move...

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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by Deuce View Post
    So, mandates that private companies MUST sell their product to Americans first? Even when they can get a higher price overseas? And a mandate that Americans can't buy oil from foreign sources, even if that price is lower? So much for smaller government.

    Oh, by the way, no, prices would skyrocket. This is Econ 101 stuff here, isn't hard. We have a huge demand, and you're talking about slashing supply dramatically.
    I have to agree with this. Good post
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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by j-mac View Post
    You really insult the intelligence of those you engage sir. Look, if we would drop the pretense and admit that enviro groups have strangled where we can produce our oil from, and forced this dependance on foreign sources, instead of the current path of limited space for exploration, and a stifling regime for permitting extraction we could be energy independent in short order.

    Now either present honest debate or we are done for the day, thanks.
    Simply math time.
    2009 oil consumption of the US was 18,690,000 barrels a day.
    https://www.cia.gov/library/publicat.../2174rank.html

    US proven reserves are 19,120,000,000 Barrels
    https://www.cia.gov/library/publicat.../2178rank.html

    So if we take the proven reserves(assuming it never increases) over the daily consumption we get: roughly 9775 days. That may seem like a lot but lets divide it by 365 and convert it to years. That's 9775 divided by 365, is roughly 26 years!

    So assuming that:
    A) Daily oil consumption NEVER increases since 2009 levels
    B) We can access every single US reserve at any given moment and without spill or error.

    We can be oil independent for roughly 26 years!!!
    Last edited by Wiseone; 11-13-10 at 12:43 PM.

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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by Jetboogieman View Post
    I hate it when facts come between right wing rhetoric and j-mac.

    I think some goalposts are about to move...
    why's that? I don't think I'm a lib.....


    j-mac
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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by j-mac View Post
    why's that? I don't think I'm a lib.....
    You still haven't admited you were wrong about our oil reserves though.

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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by j-mac View Post
    This is absolutely insane! As Oil prices inch up, now back around $90 per barrel, and Americans bracing to feel it at the pump, I find myself wondering why Obama, and his band of merry destructors are not taking an "all the above" approach?

    Is it willful pain inflicted on America by these inept amateurs? Or is it something more insidious? I don't know, but from what I gather, we sit above some of the largest reserves in the world, and can't get to them because of agendas of self loathing individuals, and groups that drive the WH policy.

    We should be tapping everything we can, and helping easing this crisis that Obama has manufactured. What makes it worse is that while Americans try to get it together to put a roof over their heads, and food on the table, we have had to watch vacation, after vacation from this stupid President that is tone deaf to the suffering of his own people. GAWD I can't wait til 2012!


    j-mac
    You might want to direct your outrage at BP instead of Obama. They created the mess.
    "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

  7. #17
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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by Wiseone View Post
    Simply math time.
    2009 oil consumption of the US was 18,690,000 barrels a day.
    https://www.cia.gov/library/publicat.../2174rank.html

    US proven reserves are 19,120,000,000 Barrels
    https://www.cia.gov/library/publicat.../2178rank.html

    So if we take the proven reserves(assuming it never increases) over the daily consumption we get: roughly 9775 days. That may seem like a lot but lets divide it by 365 and convert it to years. That's 9775 divided by 365, is roughly 26 years!

    So assuming that:
    A) Daily oil consumption NEVER increases since 2009 levels
    B) We can access every single US reserve at any given moment and without spill or error.

    We can be oil independent for roughly 26 years!!!

    Isn't that data assuming that we don't explore for anything else, and going on what is already proven? And, 26 years, wouldn't that give us the time necessary to develop other forms, like powering things off of natural gas?

    As such I think your CIA study is slightly flawed.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by USA-1 View Post
    You might want to direct your outrage at BP instead of Obama. They created the mess.

    True enough USA that BP was the crisis that Obama needed to clamp down. But they sure aren't the reason that no permits are being issued even after the administration lifted (supposedly) the moratorium.


    Anyone know if Petrobras is allowed to drill in the Gulf?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by Wiseone View Post
    You still haven't admited you were wrong about our oil reserves though.

    I don't think I am. There are untapped, and undeveloped resources in the upper Mid West, as well as Alaska.


    j-mac
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    Re: New deepwater drilling permits: Zilch

    Quote Originally Posted by j-mac View Post
    Isn't that data assuming that we don't explore for anything else, and going on what is already proven? And, 26 years, wouldn't that give us the time necessary to develop other forms, like powering things off of natural gas?

    As such I think your CIA study is slightly flawed.

    j-mac
    These are "commercially recoverable" reserves. We can get more, but it gets more and more expensive as you go.

    Anyway, it's not really relevant. Our production is simply nowhere near enough to keep up with our demand. You can't possibly keep America to domestic-only production and keep price levels anywhere near where they are now.
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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