View Poll Results: Additional domestic drilling will reduce oil prices

Voters
68. You may not vote on this poll
  • Yes

    33 48.53%
  • No

    19 27.94%
  • Maybe

    16 23.53%
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Thread: Domestic Drilling

  1. #231
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    Re: Domestic Drilling

    Quote Originally Posted by earthworm View Post
    Interesting, I see your point. Of course, a businessman must balance kindness with profitability - no easy task..
    I just think that ones heart should be warmer - there is more to life than just money..
    I suspect that speculation is too fear driven.
    Kindness balanced with profitability? Speculation driven by fear? I have no familiarity with those terms being used in the world of commerce.

  2. #232
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    well yeah. we're stupid enough not to take advantage of our own supply to reduce our dependence on theirs'.
    We have no adequate supplies of cheap oil to take advantage of, despite those that stupidly claim that we do. And we were stupid not to pursue alternatives to oil once we passed peak oil in this country 40 years ago!
    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

  3. #233
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    Re: Domestic Drilling

    I think domestic drilling is a good step but, we need more (HR 4004 is a good read). For example, suspend the federal gas tax. We also need to reexamine our foreign policy; stopping the war in Iraq and become diplomatic with Iran. I think we must also understand that oil prices have a lot to do with inflation.
    'The whole universe is going to die!'

  4. #234
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    Re: Domestic Drilling

    Quote Originally Posted by peepnklown View Post
    I think domestic drilling is a good step but, we need more (HR 4004 is a good read). For example, suspend the federal gas tax. We also need to reexamine our foreign policy; stopping the war in Iraq and become diplomatic with Iran. I think we must also understand that oil prices have a lot to do with inflation.
    I agree with stopping the war in Iraq and becoming diplomatic with Iran, but all the other suggestions seem like placing a band aid on the real problem, our lack of effort in developing alternatives to declining fossil fuels.
    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

  5. #235
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    Re: Domestic Drilling

    @Catawba
    You can develop alternative fuels in parallel with reducing oil prices for America. Now, suspending the federal gas tax might seem minimal to you but, in conjunction with other suggestions it can make a difference.
    'The whole universe is going to die!'

  6. #236
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    Re: Domestic Drilling

    Quote Originally Posted by peepnklown View Post
    @Catawba
    You can develop alternative fuels in parallel with reducing oil prices for America. Now, suspending the federal gas tax might seem minimal to you but, in conjunction with other suggestions it can make a difference.
    A 15% reduction in pump price won't have any noticeable economic impact and raises the obvious question of how to replace that tax revenue stream.

  7. #237
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    Re: Domestic Drilling

    Quote Originally Posted by peepnklown View Post
    @Catawba
    You can develop alternative fuels in parallel with reducing oil prices for America. Now, suspending the federal gas tax might seem minimal to you but, in conjunction with other suggestions it can make a difference.
    How would you propose we make up for that lack of revenue?
    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. #238
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    Re: Domestic Drilling

    Quote Originally Posted by obvious Child View Post
    Hyperbole much? My point (which you seem content to ignore) is that we cannot bring prices down with domestic drilling. The 10 year argument is merely to contrast additional supply with additional demand to point out you are wrong. The corollary argument is that we should be getting OFF oil not getting more attached. Additional drilling is fine. That will slow prices. But it cannot reduce prices.
    Filled up my tank today for $1.78.

  9. #239
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    Filled up my tank today for $1.78.
    Heard something on BBC news last night while driving home.

    About Saudi Arabia intentionally keeping their production levels up - apparently they can produce oil cheaper, and they are using that capability to drive sources that are harder (and thus more expensive) to produce from out of the market.

    OR so the guy BBC talked too says.
    Education.

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  10. #240
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    Re: Domestic Drilling

    Are the people who voted no doing so because they'd prefer a shift to alternative energies or because they think it wouldn't reduce prices?

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