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Thread: Obama Gives Billions for Offshore Drilling But Not Here

  1. #11
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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by ashurbanipal View Post
    They'd like to explore. No one has said anything about drilling that I've heard. As you will read in the link I post below, oil companies spent a whopping two hundred thousand dollars per quarter in 2007 lobbying congress for the right to explore those areas. Call it 1 million dollars per year.

    Now look at their profits, and tell me that's not a pittance.



    Well, meet the first one who doesn't. Here's my position in a nutshell:

    1) It's far too late on climate change and pollution. We passed the line where we are utterly doomed in 2005--actually probably sometime in the 1970s.

    So as far as environmental issues go, we're already fooked, so it doesn't really matter whether we drill more or not. In the meantime, a little more oil can help us be more comfortable.

    2) However, it's estimated that there could be up to 18 bbls along the east coast. Those estimates are based on the 2k survey by the U.S. Geological survey, which suffered from major methodological flaws. I'll be happy to discuss those in depth with you if you like; in the meantime, it's worth noting that since then, they have been dreadfully wrong on every projection they've made. They've become an untrustworthy source as far as most people are concerned.

    There probably is some oil there, especially off the Carolina coasts and the coast of Florida. The geology is right for it. But that's really all we know; we don't even have adequate seismic surveys. Even assuming that we could recover 18 bbls, that amounts to a 900 day supply for the U.S. at our current rates of consumption. We would face some serious technical challenges in recovery that would slow the rate of flow down signficantly. That 18 bbls--if it's there--isn't likely to be all in one place. We'll need more rigs, and then they'll have to be deployed. Etc. Etc.

    The real kicker comes when you realize that even if we start today, it will be about 20 years before we start to harvest the first barrels of oil. At current and projected decline rates, the pooch will already have been screwed by then. At the projected decline rates, if we start now, we'll be recovering oil from the east coast in 2029. In that same year, we'll be producing roughly 15 mbpd worldwide. We're producing about 82 mbpd right now. The maximal flow rate for the east coast is going to be something less than a million barrels per day, so it's hardly going to do anybody any good.

    I would suggest you read these articles:

    There May Be Oil Offshore, But…

    Why Exxon Won't Produce More
    New oil pools are maturing all the time. It's erroneous that there's no more oil. That oil companies aren't going on exploration jobs just for the hell of it. They've got a pretty good idea of what's there, they just have to pin point it. The seismo has already been done.

    The Haynesville Shale is a prime example of how there are resources out there just waiting to be tapped. It's the largest gas field in the US and has the potential to become the largest producing gas field in the world.



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    The, "we're all out of oil", argument doesn't work anymore. Besides, what do you care if the oil companies waste all their money?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  2. #12
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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by rhinefire View Post
    Feel free to read the attached link about our glorious traitor Bla-bla and hisso-o-o-o concern about the environment that he is loaning $2,000,000,000 to (South) America for offshore drilling. Oh, those horrible big oil companies (only here in the states of course) and their total hatred for the environment. Lying dirty scum but at least he is lying to the left as well.

    Hot Air Blog Archive Good news: Obama backs off-shore drilling! Update: A Soros connection?
    Um, dude, sorry to break it to you but the Import Export Bank makes loans to foreign countries. That's what it does. It's their job. It has nothing to do with Obama. God, the amount of **** the right babbles without knowledge is amazing.
    It's time for a revolution in our country. Not a revolution forged with guns and bombs but a revolution forged of compassion and altruism. A revolution that extends a hand to those who don't have and who cannot. A revolution that makes Health Care available to all those in the US.

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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by formerroadie View Post
    Um, dude, sorry to break it to you but the Import Export Bank makes loans to foreign countries. That's what it does. It's their job. It has nothing to do with Obama. God, the amount of **** the right babbles without knowledge is amazing.
    The Export-Import bank is the official credit agency of the US government. It was established by executive order and belongs to the Executive branch, so it has everything to do with PBO.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by ashurbanipal View Post
    The real kicker comes when you realize that even if we start today, it will be about 20 years before we start to harvest the first barrels of oil. [/url]
    Well 20 years huh... ..the article states how much oil will be produced then, not it will take that long.

    It takes about 4-6 months to secure rights and permits another couple too sink a bit and once oil is hit and caped, it can immediately enter the system,, I've heard 1 year, 5 years, and 15.. so now they're up to 20years ??...Total BS! ...come on.... use a little logical thinking the math just doesn't work..

    BESIDES CNG is ONE of the keys to greener power and BO doesn't want exploration for it either.. as long as America is weak, then BO and the Progressives are strong... that is why it was imperative that he kill any additional/potential energy sources ASAP... it was one of the first things he did!

    It's ALL about maintaining the crisis and grabbing power, just like Healthcare, Bailouts and Government Motors.. Progressives just can't seem to keep the dirty, stinkin' hands to themselves!

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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by apdst View Post
    Why not fund drilling here and put Americans to work?
    Because we shouldn't screw up our shores if we don't have to. If we can keep the dirty across the oceans where it belongs then we should take advantage of it.

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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by GySgt View Post
    Because we shouldn't screw up our shores if we don't have to. If we can keep the dirty across the oceans where it belongs then we should take advantage of it.

    Just to add,

    The grade of oil is also important. Low grade crude is much more expensive to refine than higher grades. If the crude is of a high enough grade it is actually cheaper to import it rather than refine our own. This why the Middle east is so important. Not only do they have a lot of oil. It is also high grade.

    Also by using oil provided from outside countries we conserve our own oil fields.

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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by GySgt View Post
    Because we shouldn't screw up our shores if we don't have to. If we can keep the dirty across the oceans where it belongs then we should take advantage of it.
    But, we won't screw up our shores. Most of the crude oil pollution comes from natural seepage, 60% in fact. If we drilled those pools, it would relieve the gradient pressure and stop the seepage, thereby reducing the pollution.

    The oil and gas industry is the most environmentally concious industry that America has. No other industry is as clean as the oilfield.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  8. #18
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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Gulfshores



    Matagorda Island



    Holly Beach...before Rita, obviously



    Johnson Bayou



    Galveston



    Those photos cover the area between Port O'Conner, Texas and Gulfshores, Alabma. I don't see any screwed up shore. There's more harm going to be done to the environemt, globally, by foreign drillers and super tankers.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  9. #19
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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by apdst View Post
    But, we won't screw up our shores. Most of the crude oil pollution comes from natural seepage, 60% in fact. If we drilled those pools, it would relieve the gradient pressure and stop the seepage, thereby reducing the pollution.

    The oil and gas industry is the most environmentally concious industry that America has. No other industry is as clean as the oilfield.
    So why use it up? Use there's. When the rest of the world is looking for oil, we can just come home and use our own and kill anyone that comes near it.

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  10. #20
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    Re: Obama Gives Billions for Offshore Drilling But Not Here

    Quote Originally Posted by GySgt View Post
    So why use it up? Use there's. When the rest of the world is looking for oil, we can just come home and use our own and kill anyone that comes near it.
    We got folks that need to go to work...today. That's a more than valid reason to go looking for it and harvest it.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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