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Thread: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Write

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by sawyerloggingon View Post
    The problem is you Want to focus strictly on the demand side, the supply part of the equation eludes you.
    There is no affordable way for the US to expand its supply of oil to meet its oil demand, if it were we would have been able to do it at some point since 1971. But we haven't been able to, even when conservatives controlled the white house and both houses of congress. That is why Cheney's Energy Task Force recommended military action in Iraq.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by Catawba View Post
    There is no affordable way for the US to expand its supply of oil to meet its oil demand, if it were we would have been able to do it at some point since 1971. But we haven't been able to, even when conservatives controlled the white house and both houses of congress. That is why Cheney's Energy Task Force recommended military action in Iraq.
    "The United States will overtake Saudi Arabia as the world’s leading oil producer by about 2017 and will become a net oil exporter by 2030, the International Energy Agency said Monday."

    http://www.nytimes.com/2012/11/13/bu...n-5-years.html

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by sawyerloggingon View Post
    "The United States will overtake Saudi Arabia as the world’s leading oil producer by about 2017 and will become a net oil exporter by 2030, the International Energy Agency said Monday."

    http://www.nytimes.com/2012/11/13/bu...n-5-years.html

    From the same article:

    Dr. Birol said the agency’s prediction of increasing American self-sufficiency was 55 percent a reflection of more oil production and 45 percent a reflection of improving energy efficiency in the United States, primarily from the Obama administration’s new fuel economy standards for cars. He added that even stronger policies to promote energy efficiency were needed in the United States and many other countries.
    And a correction:

    Correction: November 12, 2012

    An earlier version of this article misstated the International Energy Agency’s prediction of American self-sufficiency in energy production. The agency said 55 percent of the improvement would come from more oil production and 45 percent from improvements in energy efficiency. It did not say that domestic oil production would rise 55 percent.
    It cannot happen if people are going to fight driving their gas guzzlers.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by Middleground View Post
    From the same article:



    And a correction:



    It cannot happen if people are going to fight driving their gas guzzlers.
    Point is we can and will increase supply, something Cat denies. I do however believe in both principles of supply and demand not just one like Cat does. As we produce more oil and consume less we can get out of the mid east but increased production is a must, we can't conserve our way out of this dependence on Islam oil.

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by sawyerloggingon View Post
    If enviros would let us drill here we could walk away from that cess pool.
    It's cheaper to drill there. There's not as much engineering involved, dig a deep enough hole in sand and BINGO. If that wasn't true, we would never have relied on it in the first place.


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    Too bad we have to observe human rights.

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by sawyerloggingon View Post
    Point is we can and will increase supply, something Cat denies. I do however believe in both principles of supply and demand not just one like Cat does. As we produce more oil and consume less we can get out of the mid east but increased production is a must, we can't conserve our way out of this dependence on Islam oil.
    Supply will increase, but only if the price of oil stays high. Shale oil requires a lot of energy to extract.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by sawyerloggingon View Post
    "The United States will overtake Saudi Arabia as the worlds leading oil producer by about 2017 and will become a net oil exporter by 2030, the International Energy Agency said Monday."

    http://www.nytimes.com/2012/11/13/bu...n-5-years.html

    You left the world's increased demand for affordable oil in the future out of the picture. But you be sure and let us know though when all this shale oil ooze starts lowering the price of gas at the pumps!

    So far, I haven't noticed prices coming down, have you?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by Middleground View Post
    Supply will increase, but only if the price of oil stays high. Shale oil requires a lot of energy to extract.
    The point is we can halt the ever escalating price by increased production here.

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by rocket88 View Post
    It's cheaper to drill there. There's not as much engineering involved, dig a deep enough hole in sand and BINGO. If that wasn't true, we would never have relied on it in the first place.
    OPEC has cut its own throat by making oil so expensive and that is why our vast oil reserves are now profitable. By accessing it we can keep the price of oil at least where it is at. If we remain under OPECs thumb we will be paying 10 bucks a gallon someday.

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    Re: Dick Cheney, Ahmed Chalabi Contemplated Value Of Iraqi Oil To U.S., David Frum Wr

    Quote Originally Posted by sawyerloggingon View Post
    The point is we can halt the ever escalating price by increased production here.
    That's if demand will slow down by at least 45%.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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