View Poll Results: Additional domestic drilling will reduce oil prices

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  • Yes

    33 48.53%
  • No

    19 27.94%
  • Maybe

    16 23.53%
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Thread: Domestic Drilling

  1. #91
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    Re: Domestic Drilling

    Quote Originally Posted by JohnWOlin View Post
    I wish we had a smug asshole depletion machine to help power the world. We could probably power a few states with this thread alone. America.
    **** eyah.

  2. #92
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    Re: Domestic Drilling

    Any thought that there might be a new source of oil real or perceived causes the speculation folks to react, and they know they can make money at lower prices by volume sales than if they are cut out all together.

    So drill baby drill and get rid of Obama because he is doing whar ever he can to drive prices up as he said he would.


  3. #93
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    communism? not at all. the state has no business running businesses - which is why we should take over these things and then immediately sell them to Americans. let our business community do the collection, exploitation, etc.

    "communism" after all the screams about "oh you can't say that's socialism, nothing is ever ever ever socialism!" you'd think people would be less loose about throwing around the C word.

    you know what? you come from Canada. another C word. AND you have an openly socialist party. ..... alright buddy; are you now or have you ever been....
    We arent communist, we are canuckistan ( the stans being muslim, states which are against the godlessness of communsim

    Using the military to take control over independant business and transfer control to other business dependant on the government is just what communsit russia would do
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  4. #94
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    Re: Domestic Drilling

    Quote Originally Posted by Lord Tammerlain View Post
    We arent communist, we are canuckistan ( the stans being muslim, states which are against the godlessness of communsim

    Using the military to take control over independant business and transfer control to other business dependant on the government is just what communsit russia would do
    For using the phrase "canukistan" you just powered Texas with the asshole depletion machine. If anyone here knows how to harness the raw power of smug stupid **** that comes out of assholes mouths please, PM me. America.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

  5. #95
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    Re: Domestic Drilling

    Quote Originally Posted by Councilman View Post
    Any thought that there might be a new source of oil real or perceived causes the speculation folks to react, and they know they can make money at lower prices by volume sales than if they are cut out all together.

    So drill baby drill and get rid of Obama because he is doing whar ever he can to drive prices up as he said he would.



    In all seriousness

    Oil markets are time dependant, the spot market is not generally effected by events that will take place years in the future, longer term futures contracts can be effected by the probability of new oil sources coming on stream during the time frame of the futures contract. Opening up Anwar to drilling would have zero impact on oil prices in the short term, as no oil from Anwar would make it to market in the short term. Supply and demand is the issue here and the supply from anwar would not meet the current demand.

    Nothing Obama does right now other then sell oil from the SR will cause oil prices to drop over the next 6 months ( correction, other then purposely tanking the economy). 6 months is at the extreme short range. Opening up Anwar would take a good year to two years before any real amounts of oil reached the market, increased coastal drilling the same.

    A point to Randel and Cat, the high level of oil production reached during the first year or so of the Obama admin had nothing to do with Obama policies but were due to time lages from decisions made before the Obama admin started

    If you want to effect current prices right now, the only thing the US government could do is sell oil from the strategic reserve or even at least threaten to ( if it is speculator driven price increases rather then true market demand)
    Happy Hanukkah Cheerfull Kwanzaa
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  6. #96
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    Re: Domestic Drilling

    Quote Originally Posted by xpiher View Post
    The dominate drive of cost is demand. Speculation is only slightly increasing the cost of gas, around the +/- 10-15cents/gallon range.
    I never doubted that, however speculation remains a factor.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

  7. #97
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    that's a good point. we actually completely ran out of oil back in the 1890's. we also ran out of food in the 70's. let's see, what other malthusian projects have inevitably turned out to be ludicrous.....

    our known reserves increase on a yearly basis, and still people scream we are entering a time of great shortage..... any..... day....... now....... and have been for years.
    For another of the ill-informed group here at the forum - peak oil means the end of cheap oil, not the end of oil, when demand surpasses supply. This happened in the US in 1971, the last year we could produce as much oil domestically as we consumed.
    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

  8. #98
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    Re: Domestic Drilling

    Quote Originally Posted by xpiher View Post
    I find it funny how countries have to whore themselves out to investors.
    States too!

    Scott Walker motto - Whoever is willing to have the stupidest children wins!!!
    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

  9. #99
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    Re: Domestic Drilling

    Quote Originally Posted by Lord Tammerlain View Post
    We arent communist, we are canuckistan ( the stans being muslim, states which are against the godlessness of communsim
    ....... communist muslims ....... [Samuel L Jackson Voice] oh..... my ... gawd......

    Using the military to take control over independant business and transfer control to other business dependant on the government is just what communsit russia would do
    nah, they would keep the business owned and run by the state. that's what socialism is, after all; state ownership and control of the means of production.

    what i'm talking about is just good ole traditional Imperialism

  10. #100
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    Re: Domestic Drilling

    Quote Originally Posted by Lord Tammerlain View Post

    A point to Randel and Cat, the high level of oil production reached during the first year or so of the Obama admin had nothing to do with Obama policies but were due to time lages from decisions made before the Obama admin started
    I was not claiming that Obama increased production. Most of the sources I've read attribute the increased production in Obama's term to technological improvements in drilling tecniques and equipment, and even with the increased domestic oil production prices continue to increase as the world demand for oil has increased much greater than our production.
    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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