Page 9 of 12 FirstFirst ... 7891011 ... LastLast
Results 81 to 90 of 115

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

  1. #81
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 05:55 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,461

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

    Quote Originally Posted by UtahBill View Post
    can you prove that?

    I asked first.
    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. #82
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by Psychoclown View Post
    They would all quickly become irrelevant (except perhaps Putin given Russia's sheer size and wealth in other resources).
    Pooootun (as his name is properly produced) would need some serious capital expenditures to do that. What I don't get is why so many hypernationalists aren't onboard with getting off oil. We could utterly annihilate our enemies without firing a shot at the same time expanding the American economy. Sound like a simple choice to me.

    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.
    Yes and no. New domestic oil more or less keeps us tied as we have some economic stake in the oil business. And that does not help us. And remember, the higher gasoline goes, the more incentive it is to get off it. And the faster we get off it, the faster we can destroy regimes hostile to us without going to war.

    Any viable concept that can potentially replace fossil fuels should be researched and funded.
    Indeed, but think about it. Many of our plants exist purely to meet peak demand and do literally nothing during the rest of the time. Imagine if we could run our plants full time (which would lower fixed cost per kilowatt which would act like a tax cut) and store all of that energy in super efficient batteries. Then we could demolish our most polluting plants and open up land for development.

    Plus I like the notion of using solar panels as energy directed weapons.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #83
    Clown Prince of Politics
    Psychoclown's Avatar
    Join Date
    Nov 2006
    Location
    Hiding from the voices in my head.
    Last Seen
    Today @ 09:31 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    1,738

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

    Quote Originally Posted by obvious Child View Post
    Pooootun (as his name is properly produced) would need some serious capital expenditures to do that. What I don't get is why so many hypernationalists aren't onboard with getting off oil. We could utterly annihilate our enemies without firing a shot at the same time expanding the American economy. Sound like a simple choice to me.
    Agreed.

    Yes and no. New domestic oil more or less keeps us tied as we have some economic stake in the oil business. And that does not help us. And remember, the higher gasoline goes, the more incentive it is to get off it. And the faster we get off it, the faster we can destroy regimes hostile to us without going to war.
    Our stake would still be pretty minor in terms of our total economy. But I do agree that higher price drive down demand. That can be achieved by a tax that creates a floor price for gasoline. Say the tax established $4 as the floor, if the market price is $2.50 then the tax is $1.50. If the market price is 3 bucks then the tax is a buck.

    The revenues from this tax can be used to address the externality costs of oil (funding hostile regimes, pollution). I'm all for increasing supply and decreasing demand of oil in the here and now as much as we can, while working towards the day we can move past oil as a fuel source.

    Indeed, but think about it. Many of our plants exist purely to meet peak demand and do literally nothing during the rest of the time. Imagine if we could run our plants full time (which would lower fixed cost per kilowatt which would act like a tax cut) and store all of that energy in super efficient batteries. Then we could demolish our most polluting plants and open up land for development.

    Plus I like the notion of using solar panels as energy directed weapons.
    Sounds great.

    I haven't done a lot of research into the various alternative energy ideas out there, but as I said before, anything viable should be pursued. I really don't care which technology or technologies are used, as long as the end result is ending our dependence on foreign oil.
    Slipping into madness is good for the sake of comparison - Unknown.

  4. #84
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by Psychoclown View Post
    Our stake would still be pretty minor in terms of our total economy. But I do agree that higher price drive down demand. That can be achieved by a tax that creates a floor price for gasoline. Say the tax established $4 as the floor, if the market price is $2.50 then the tax is $1.50. If the market price is 3 bucks then the tax is a buck.
    Well, estimates right now have the global oil consumption market at around 82 million barrels a day. The US consumes about 20 million barrels a day. If 1/4 of the demand fell off of the face of the Earth, prices would drop drastically.

    The problem with a tax is that no party has the guts to do what is necessary. Just like Obamacare and the sad pathetic excuse for a bill the GOP has.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  5. #85
    User SicSemperTyrannis's Avatar
    Join Date
    Mar 2009
    Location
    Waterbury, CT
    Last Seen
    12-27-09 @ 09:32 PM
    Gender
    Lean
    Libertarian
    Posts
    90

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

    Hmm, interesting to see how they'll frame this on the Hippie News Network, also known as MSNBC. Considering they are a major sponser of the network and particularly The Rachel Maddow Show, I wonder what tune the "environmentalists" at MSNBC will be singing now. Hmm, stand up for your liberal principles in "news reporting" or bow to the millions of dollars in oil money they get. Let's see how they report it, and if they still have the audacity to go after other news outlets for doing the same thing.

  6. #86
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 05:55 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,461

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

    Quote Originally Posted by obvious Child View Post
    Pooootun (as his name is properly produced) would need some serious capital expenditures to do that. What I don't get is why so many hypernationalists aren't onboard with getting off oil. We could utterly annihilate our enemies without firing a shot at the same time expanding the American economy. Sound like a simple choice to me.
    The part that I don't get, is why the folks who claim to be smarter than the rest of us don't relize, or won't admit, that we're no where close to being able to go cold turkey on oil. If we were, we'd already be doing it. Hell, the oil companies would lead the charge.


    Yes and no. New domestic oil more or less keeps us tied as we have some economic stake in the oil business. And that does not help us. And remember, the higher gasoline goes, the more incentive it is to get off it. And the faster we get off it, the faster we can destroy regimes hostile to us without going to war.
    New oil finds creates new jobs, therefore it is good for us.
    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.

  7. #87
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by apdst View Post
    The part that I don't get, is why the folks who claim to be smarter than the rest of us don't realize, or won't admit, that we're no where close to being able to go cold turkey on oil.
    Where has anyone stated that we are close to getting off oil? Talking out of your rear again eh? No one is talking about cold turkey. This is going to be a long strung out process of gradual reduction. What WOULD be nice would be to instantly drop off which would essentially destroy our enemies without firing a shot, but we're not there.

    If we were, we'd already be doing it. Hell, the oil companies would lead the charge.
    What makes you think that the oil companies aren't planning for changes? France's Total is buying up large stakes of nuclear power. Exxon, Chevron, Shell and others have a disturbingly large amount of alternative energy patents and have been hiring engineers to work on that stuff for years.

    New oil finds creates new jobs, therefore it is good for us.
    Not if it fund terrorists and keeps anti-American regimes in power. I fail to see how keeping Chavez and Pootun in power is good for America. Care to explain how keeping leaders diametrically opposed to America's goals in power is actually helping America? I'd love to see that argument.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  8. #88
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 05:55 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,461

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

    Quote Originally Posted by obvious Child View Post
    Where has anyone stated that we are close to getting off oil? Talking out of your rear again eh? No one is talking about cold turkey. This is going to be a long strung out process of gradual reduction. What WOULD be nice would be to instantly drop off which would essentially destroy our enemies without firing a shot, but we're not there.
    You said it right here:

    Quote Originally Posted by obvious Child View Post
    What I don't get is why so many hypernationalists aren't onboard with getting off oil.


    What makes you think that the oil companies aren't planning for changes? France's Total is buying up large stakes of nuclear power. Exxon, Chevron, Shell and others have a disturbingly large amount of alternative energy patents and have been hiring engineers to work on that stuff for years.
    I never said they weren't. However, the oil companies are slowing their alternative fuel investment, because they're finding out that it's not cost effective, nor practical at this time. Shell and BP have spent billions on alternative fuels to find out that the technology hasn't matured, yet.



    [quoe]Not if it fund terrorists and keeps anti-American regimes in power. I fail to see how keeping Chavez and Pootun in power is good for America. Care to explain how keeping leaders diametrically opposed to America's goals in power is actually helping America? I'd love to see that argument.[/QUOTE]


    All the more reason to stop subsidizing foreign oil companies and start subsidizing our own oil exploration. We could combine oil, natural gas, nuke, wind, hydro, solar and bio-fuels, then tell the rest of the oil producing world to blow us, forever. Plus, create untold millions of jobs
    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. #89
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by apdst View Post
    You said it right here
    One must wonder if you can read. How is my statement regarding why hypernationalists are not for getting off oil = we're close to getting off oil cold turkey?

    I realize you have a tendency for not being able to read properly, especially since you argued that Obama saying swine flu was no cause for concern because he said we are on alert on it, but c'mon man. Seriously.

    I never said they weren't. However, the oil companies are slowing their alternative fuel investment, because they're finding out that it's not cost effective, nor practical at this time. Shell and BP have spent billions on alternative fuels to find out that the technology hasn't matured, yet.
    Except you fail to understand what their primary business is. They have billions of dollars of oil based infrastructure. Tell me, why would they want to start competing with that by releasing alternative energy? They'd essentially be undercutting their own balance sheets not to mention eliminating billions in tax deductible depreciation. Only a moron would do that. Big oil is going to milk oil for all that it can before it switches over. They are not stupid people.

    All the more reason to stop subsidizing foreign oil companies and start subsidizing our own oil exploration.
    You still don't understand what a commodity exchange is do you? Sad. So many people talk about oil here yet have no understanding at all in any way shape or form about how oil is priced.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #90
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 05:55 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,461

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

    Quote Originally Posted by obvious Child View Post
    One must wonder if you can read. How is my statement regarding why hypernationalists are not for getting off oil = we're close to getting off oil cold turkey?
    I'll tell ya how: because until the technology is born to in able to fit cars with onbaord nuclear reactors, we'll never stop using petroleum.



    Except you fail to understand what their primary business is. They have billions of dollars of oil based infrastructure. Tell me, why would they want to start competing with that by releasing alternative energy? They'd essentially be undercutting their own balance sheets not to mention eliminating billions in tax deductible depreciation. Only a moron would do that. Big oil is going to milk oil for all that it can before it switches over. They are not stupid people.
    Their primary business is to produce energy. If they find a new energy source that will be safer and more cost effective, they're going to be on it like white on rice. They're not in the oil business just because they like drilling for oil; they're in the oil business because it's the most practical and cost effective energy source there is. You're right, they're not stupid people.



    You still don't understand what a commodity exchange is do you? Sad. So many people talk about oil here yet have no understanding at all in any way shape or form about how oil is priced.
    I know exactly what a commodity exchange is. Oil is priced the same way that corn id priced: supply and demand. Not that my comment has anything to with that, but you had to redirect it somehow, I reckon.
    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.

Page 9 of 12 FirstFirst ... 7891011 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •