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Thread: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

  1. #41
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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Quote Originally Posted by Coronado View Post
    It's due to the fact that for every other product and service it's an overhead cost, and that always gets passed on to the consumer.
    as it should, we have to pay for what we get, and if costs go up, price should follow....
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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Quote Originally Posted by UtahBill View Post
    How about doing less? as in less wasting of energy resources....?
    Fewer products produced and shipped? Fewer goods and services consumed? Fewer people working? Somehow, I don't see that being the answer.
    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.

  3. #43
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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Quote Originally Posted by apdst View Post
    Fewer products produced and shipped? Fewer goods and services consumed? Fewer people working? Somehow, I don't see that being the answer.
    We produce and ship? are we chinese?
    Consumption isn't the answer to everything, and even with current levels of consumption, there is still a lot of wasted energy.

    How many people do we all know who commute in a 4x4 3/4 ton truck, alone....?
    How many of us over heat or cool our homes?
    How many of our homes are energy hogs because they were poorly designed and built?
    Turn a blind eye to reality if you wish, but a very large percentage of our energy is wasted, producing and shipping nothing that can help us make a buck...
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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Quote Originally Posted by apdst View Post
    I thought the treehuggers told us there was no more oil in the Gulf. Guess they were wrong, again.
    I'm offering a $1000 reward and a promise to leave this forum forever if any winger can give us the name of the "treehugers" who said there was no more oil in the Gulf


    Will anyone in the FAMILY VALUES PARTY step up?
    Last edited by dragondad; 09-03-09 at 01:29 PM.

  5. #45
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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Quote Originally Posted by obvious Child View Post
    I agree, we should, it's just that we have to keep in mind that we are not in control when it comes to oil markets and the longer we stay, the more we fuel regimes that are often diametrically opposed to our goals. Imagine if the entire US demand for oil for consumer vehicles stopped. Oil futures would plummet, as would oil revenue. Bye Bye Chavez. Bye Bye Iranian Mullahs. Bye Bye Putin. They are instantly gone.
    I agree 100%. It is obviously in our long term best interest to rid ourselves of oil dependency. Right now we're pumping millions of millions of dollars into the economies of our enemies. If oil demand and revenues plummeted, the importance and wealth of those regimes would plummet right alongside them. They would all quickly become irrelevant (except perhaps Putin given Russia's sheer size and wealth in other resources).

    Maybe. At this rate, we're not even finding fields fast enough to replace the fields that are declining.
    Let me put it this way, finding new sources of domestic oil certainly isn't going to hurt us. Refusing to tap into newly discovered domestic sources is only going to increase the power and revenues of those hostile regimes listed above.

    Not to mention throwing billions at energy storage and electric cars. Hell, if we could efficiently store electricity and setup solar panels in space....who needs coal, gas and nuclear?
    Any viable concept that can potentially replace fossil fuels should be researched and funded.
    Slipping into madness is good for the sake of comparison - Unknown.

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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Refusing to tap into newly discovered domestic sources is only going to increase the power and revenues of those hostile regimes listed above.

    B.S.

    The amount of oil in those closed off reserves would effect the price of gas by only a few cents. Ten years down the line. That's not going to materially effect any "hostile regimes" for the better or worse.

    Stop spreading right wing urban legends.


    “Analysis of Oil and Gas Production in ANWR“: 2004 Congressional Report.

    It is expected that the price impact of ANWR coastal plain production might reduce world oilprices by as much as 30 to 50 cents per barrel [in 2025].

    Don’t spend it all in one place, American public! [There are 42 gallons in a barrel.]

    EIA continues:

    Assuming that world oil markets continue to work as they do today, the Organization of Petroleum Exporting Countries could countermand any potential price impact of ANWR coastal plain production by reducing its exports by an equal amount.
    Last edited by dragondad; 09-03-09 at 04:36 PM.

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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Quote Originally Posted by PeteEU View Post
    You mean like it has not done so far? Face it the market is broken because the oil companies have far too much power in the political sphere.
    The market isn't broken, the market simply hasn't created a demand for an alternative to oil sufficient to bring said alternative to a cost-effective and large scale level.

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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Quote Originally Posted by UtahBill View Post
    How many people do we all know who commute in a 4x4 3/4 ton truck, alone....?
    Who runs in 4WD when commuting?
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    Quote Originally Posted by Goobieman View Post
    The market isn't broken, the market simply hasn't created a demand for an alternative to oil sufficient to bring said alternative to a cost-effective and large scale level.
    maybe because there is not an infrastructure to support the alternatives as of yet. And I do think the oil based economy has been helped by government throughout the years.

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    Re: BP Makes ‘Giant’ Oil Discovery in Gulf of Mexico

    There was no infrastructure for oil, either, until the market made it desirable.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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