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. #191
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    Re: Domestic Drilling

    If you don't like it, feel free to move to Spain. They've been pouring tons into Green Jobs - feel free to go check out how that's working for them.

    Yes please do...for all our faults this is the best stop on the planet

  2. #192
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    Re: Domestic Drilling

    Quote Originally Posted by Catawba View Post
    There are no "giant" ones that are forbidden
    I'd call the entire coast of california pretty large. I would call the largest single oil reserve in the world pretty good-sized too.

    All indications are, we passed world peak oil in 2006 since world production has never topped the peak produced in that year.
    the problem being that that metric is dependent on a static amount of available supply; which history shows to be a false conclusion. we're constantly finding new reserves, and new ways to get more from the old.

    What does it tell you when the country with the largest cheap oil reserves left on the planet is investing heavily in alternatives to oil? Do you worry about China getting the economic lead in with cheap energy?
    nope. if by some odd Malthusian revenge you peak oil nuts bugs out to be right, we'll just buy it from them, reverse engineer it, and make it better.

  3. #193
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    the problem being that that metric is dependent on a static amount of available supply; which history shows to be a false conclusion. we're constantly finding new reserves, and new ways to get more from the old.[
    Do you know what these alternative methods are?

  4. #194
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    Re: Domestic Drilling

    what, you want the specifics of drilling innovation? of the ways we are discovering to squeeze oil out of rock, sand, and other places we never thought possible?

  5. #195
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    I'd call the entire coast of california pretty large. I would call the largest single oil reserve in the world pretty good-sized too.
    hey and whattya know? it looks like the New York Times agrees with me

    ...The Obama administration is proposing to open vast expanses of water along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling, much of it for the first time, officials said Tuesday...

    The proposal is intended to reduce dependence on oil imports, generate revenue from the sale of offshore leases and help win political support for comprehensive energy and climate legislation.

    But while Mr. Obama has staked out middle ground on other environmental matters — supporting nuclear power, for example — the sheer breadth of the offshore drilling decision will take some of his supporters aback. And it is no sure thing that it will win support for a climate bill from undecided senators close to the oil industry, like Lisa Murkowski, Republican of Alaska, or Mary L. Landrieu, Democrat of Louisiana.

    The Senate is expected to take up a climate bill in the next few weeks — the last chance to enact such legislation before midterm election concerns take over. Mr. Obama and his allies in the Senate have already made significant concessions on coal and nuclear power to try to win votes from Republicans and moderate Democrats. The new plan now grants one of the biggest items on the oil industry’s wish list — access to vast areas of the Outer Continental Shelf for drilling...
    good for him. now we'll see if he means it.

  6. #196
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    Re: Domestic Drilling

    Quote Originally Posted by croniccynic View Post
    No serious effort will be made by the US to develop and mass produce any alternative with oil remaining relatively cheap.
    And no reason why it should. And all the more reason why the United States should be drilling our own domestic reserves, to ensure that our national need for inexpensive oil is not meddled with by foreign despots and terrorists.

  7. #197
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    Re: Domestic Drilling

    Quote Originally Posted by Mayor Snorkum View Post
    And no reason why it should. And all the more reason why the United States should be drilling our own domestic reserves, to ensure that our national need for inexpensive oil is not meddled with by foreign despots and terrorists.
    Yes. If we nationalized our oil sources and had enough production to supply our needs plus a significant percentage, we could be oil independent. We agree!

  8. #198
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    Re: Domestic Drilling

    how has that worked out for Venezuela?

  9. #199
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    Re: Domestic Drilling

    Quote Originally Posted by evanescence View Post
    Theism has nothing to do with this issue. And there is no doubt that there could be positive return with alternative energy.
    Of course there could be a positive return with alternative energy, assuming demand was there. Oil is still too inexpensive for current methods of producing alternative energy to be competitive so you're stuck with lack of investment due to no market demand.

    Another interesting development on that subject is US states beginning to formulate tax structures for electric and other alternative fuel vehicles. Since those vehicles don't use petroleum byproducts as fuel, they theoretically don't pay any taxes to maintain the roads they travel on.

  10. #200
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    Re: Domestic Drilling

    Quote Originally Posted by OhIsee.Then View Post
    Yes. If we nationalized our oil sources and had enough production to supply our needs plus a significant percentage, we could be oil independent. We agree!
    The impossible dream lusted after by misguided and uninformed nationalists.

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