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Thread: Oil industry worries Libya unrest could spread

  1. #11
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by donsutherland1 View Post
    "National energy policy," if one can even call the array of inconsistent and fragmented approaches pursued in the U.S. a "policy," is one defined by complacency. Calls to action ring through Washington and even modest measures are undertaken during crises. Yet, once the crises fade, policy rigor mortis sets in. There is an inherent bias against the pursuit of bold Apollo/Manhattan Project-style energy initiatives once energy prices fall back to comfortable levels. That a disproportionate share of the world's oil reserves are located in politically unstable regions and that there is a growing risk of resource nationalism has little bearing on policy considerations. Instead, relatively low prices are assumed to be natural condition (signaling no need for change/diversification of the nation's energy supply) and a situation that will persist indefinitely. Contradictory information is either filtered out or discarded. Crises are forgotten.

    Even as the first global energy crises erupted in 1973 (there was a near crisis in 1967, but a proposed Arab oil embargo collapsed before it gained momentum), the reality is that the U.S. has not significantly broadened its energy supply. Worse, it has not done so, even as its domestic oil production has gently but persistently declined since that time, leaving it more vulnerable to sustained supply disruptions than it would otherwise be if it had the productive capacity to offset some of those disruptions. In effect, the U.S. has squandered some 40 years during which it could have meaningfully reduced its vulnerability that exists from the combination of a lack of alternatives, growing global competition for existing energy resources, and geopolitical factors that could undermine access to those resources.

    Without doubt, were the price of oil to skyrocket, U.S. policy makers would argue that the U.S. is helpless, that the high prices (or even rationing) experienced by U.S. consumers is unavoidable, that nothing can be done. The great tragedy is that all of that would have been incorrect had U.S. policy makers learned from past crises and made energy diversification a priority. In other words, the crisis would not just be the result of external, uncontrollable factors. It would also be a direct consequence of deliberate policy choices and decisions.

    At present, the Libya crisis has pushed the price of oil toward $100 a barrel. While that situation is very likely temporary, the reality is that even after the 2008 oil price spike, U.S. policy is not fundamentally different. That there is a different Administration that offered abundant campaign rhetoric on energy has not changed things. Fiscal allocations and policy changes have not matched the campaign rhetoric. Furthermore, there is no bold Apollo/Manhattan-sytle project being planned, much less underway in its early stages.

    Instead, the nation creeps along a nearly stagnant incremental path that is actually leading to growing long-term energy shock risk exposure, as the sluggishness of its policy outcomes lags changes being brought about by growing world demand for existing sources of energy and increasing geopolitical risk in a number of major energy resource producers. "Think small" remains the de facto mantra of bipartisan energy policy. In the long-term, that's far from a wise policy choice, as the nation's capacity to deal with energy shocks becomes a matter of variables beyond its control i.e., how large the shock is and how long it lasts.
    Since coal is the biggest fuel used in electricity production, why hasn't the left embraced nuclear power? They slam coal for causing CO2 problems, while simultaneously slamming nuclear power. They want it both ways. They also think wind farms is the way to solve all our needs, I saw a ton of wind farms in Germany last December. There is not getting around the fact that the footprint of wind farms compared to nuke plants is huge.

    So what's our final energy policy......NOTHING, because we're slamming every alternative there is.
    Last edited by American; 02-23-11 at 03:22 PM.
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    Re: Oil industry worries Libya unrest could spread

    American,

    I strongly expanded support nuclear power. Nuclear power is safe (modern plants can be designed to minimize the risks associated with older plants), clean, relatively inexpensive, and an area in which the U.S. can develop a competitive advantage given its base of scientists/engineers. IMO, an increased nuclear power generating capacity makes sense as part of a larger energy supply portfolio.

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    Re: Oil industry worries Libya unrest could spread

    "Washington - US President Barack Obama on Tuesday announced 8 billion dollars worth of loan guarantees to build the country's first new nuclear reactors in three decades. The loan will go towards two new nuclear reactors to be built at an existing power plant in Burke, Georgia, and is part of an effort by the Obama administration to ramp up nuclear power generation as a clean alternative to more polluting fossil fuels.

    It also represents an effort to court conservative lawmakers who are key to the administration's broader goals to reduce carbon emissions blamed for global warming. Some environmentalists by contrast remain wary of nuclear waste generated by the plants.

    "Nuclear energy remains our largest source of fuel that produces no carbon emissions," Obama said in Maryland, speaking to a labour union representing electricity workers.
    "To meet our growing energy needs and prevent the worst consequences of climate change, we'll need to increase our supply of nuclear power. It's that simple, Obama said."

    Nuclear push: Obama gives 8-billion-dollar loan guarantee - Summary | Earth Times News
    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: Oil industry worries Libya unrest could spread

    Quote Originally Posted by Catawba View Post
    \

    Coal and gas, are all finite fossil fuels as well and do nothing to reduce the CO2 we are producing that is causing global warming. That would just be trading one problem for another much bigger problem. Shale is just to expensive to make oil from. The US can no longer afford to continue to think in short-term ways. That kind of short-term thinking since we passed peak oil in this country 40 years ago is what brought us to where we are today, having to fight wars to maintain our energy supplies. The longer we wait to make the transition to clean energy the harder we make it on ourselves. Nuclear has potential to be part of the solution. Obama just proposed more funding for nuclear energy than any other president in history - 8 billion dollars.

    So, we either get off the pot and start being responsible for our own energy sources, or be prepared to continue to deteriorate our economy and environment.
    Global warming is BS and to this point we have no viable solutions other than those listed. Nuke is clean, but you folks cry about the byproduct.

    Let's make a deal... you Libs can use all the renewables, the remainder of us will use what is proven. And when you plug in your car... what drives the electricity? Wind? Solar? LOL... Perhaps hydro, but most likely something you dislike.

    As one African economist stated... solar (and wind and all the other greenie stuff) can provide enough to keep a fridge running, but it's nothing you can run industry on.

    Our environment is just fine by the way.

    .
    Last edited by zimmer; 02-24-11 at 01:42 PM.
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by zimmer View Post
    Global warming is BS and to this point we have no viable solutions other than those listed. Nuke is clean, but you folks cry about the byproduct.

    Let's make a deal... you Libs can use all the renewables, the remainder of us will use what is proven. And when you plug in your car... what drives the electricity? Wind? Solar? LOL... Perhaps hydro, but most likely something you dislike.

    Our environment is just fine by the way.

    .
    Are you going to be crying when gas is 5 bucks a gallon in the next few weeks?
    "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

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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by donsutherland1 View Post
    American,

    I strongly expanded support nuclear power. Nuclear power is safe (modern plants can be designed to minimize the risks associated with older plants), clean, relatively inexpensive, and an area in which the U.S. can develop a competitive advantage given its base of scientists/engineers. IMO, an increased nuclear power generating capacity makes sense as part of a larger energy supply portfolio.
    Most lefties support Nukes. They are just concerned that there is no good plan worked out to handle the waste.

    The coal, oil and natural gas industries have been the biggest opponent to nuclear power.
    "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

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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by zimmer View Post
    Global warming is BS and to this point we have no viable solutions other than those listed. Nuke is clean, but you folks cry about the byproduct.
    Obama has provided more funding for nuclear than any president in history. And pardon us for taking the world scientific consensus on GW rather than your opinion.

    Let's make a deal... you Libs can use all the renewables, the remainder of us will use what is proven. And when you plug in your car... what drives the electricity? Wind? Solar? LOL... Perhaps hydro, but most likely something you dislike.

    As one African economist stated... solar (and wind and all the other greenie stuff) can provide enough to keep a fridge running, but it's nothing you can run industry on
    LOL!

    Our environment is just fine by the way.
    Thanks for your opinion!
    Last edited by Catawba; 02-24-11 at 02:16 PM.
    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: Oil industry worries Libya unrest could spread

    Quote Originally Posted by Catawba View Post
    If you wish to keep your head in the sand and continue to be surprised each time the price of gas goes up, knock yourself out!
    No, I'm not at all surprised that halts on domestic production will cause gas prices to go up.
    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: Oil industry worries Libya unrest could spread

    Quote Originally Posted by Catawba View Post
    Obama has provided more funding for nuclear than any president in history. And pardon us for taking the world scientific consensus on GW rather than your opinion.



    LOL!



    Thanks for your opinion!
    Pardon us for not falling for the faked evidence.
    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.

  10. #20
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by apdst View Post
    No, I'm not at all surprised that halts on domestic production will cause gas prices to go up.
    That's not why it's going up?

    The GOP had total control of the government for six years and did nothing to increase production. Do you know why?
    Supply and Demand. The Oil industry makes more money when supplies are tight. They made mountains of money off the Bush administration. When will you people ever learn? They will make even more off this new crisis.
    Last edited by USA_1; 02-24-11 at 02:53 PM.
    "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

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