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. #51
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    Re: Domestic Drilling

    Quote Originally Posted by xpiher View Post
    Of course, thats why people are having their farms destroyed by natural gas drilling
    sounds like the natural gas company owes them some compensation and they should think about selling their farms.

    but no, i don't really give a hoot if sand flea's are upset at our drilling - nor do I care if the tundra moss is damaged, or if the fishes in the deep blue sea have to swim around the rig rather than through it.

    Markets rarely care about long run circumstances
    futures markets don't care about the future....... i just want to make sure, that' is what you are arguing.

    You misread. I said that it won't cause the price of gas to go lower, but it will keep gas cheaper compared to alternatives for the short run, which prolongs the problem.
    not at all; if those alternatives are truly cheaper than gas, then they will be cheaper than gas. the solution of deliberately destroying the thing upon which our economy depends in the hopes that maybe an alternative will arise Just In Time is economic suicide. Why don't we just outlaw the internet so that we can all develop telepathy?

  2. #52
    Professor xpiher's Avatar
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    sounds like the natural gas company owes them some compensation and they should think about selling their farms.
    Yes, sell their lively hoods, thats the answer.

    You need to watch Gasland: A film by Josh Fox

  3. #53
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    Re: Domestic Drilling

    actually no i don't, because I am just fine with creative destruction. yes, if it's in the way of a better use of those resources, then the market will push them to sell their livelihoods. buggy makers in the 20's faced the same thing from the onslaught of the automobile.

  4. #54
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    actually no i don't, because I am just fine with creative destruction. yes, if it's in the way of a better use of those resources, then the market will push them to sell their livelihoods. buggy makers in the 20's faced the same thing from the onslaught of the automobile.
    Yes because gas is more important than food. Watch gasland. You'll actually be informed how its "not the market" doing anything.

  5. #55
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    Re: Domestic Drilling

    we have more than enough food. our people are obese. food is more expensive than it need be already thanks to our idiotic price control system and we are still awash in it. losing a few farms isn't a problem for us (and, btw, if it was a problem for us then the market would be pricing that food higher and the more productive use of the land would be farming, which would mean that agriculture would be pushing out the energy sector, not the other way around).

    what we need more of is energy. as OC has pointed out, demand is only going to increase dramatically in the future, and unless we ramp up and free up production the cheap ride is over.
    Last edited by cpwill; 05-08-11 at 08:05 PM.

  6. #56
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    what we need more of is energy. as OC has pointed out, demand is only going to increase dramatically in the future, and unless we ramp up and free up production the cheap ride is over.
    And fossile fule is the answer, even though its running out. Of course its not a good thing that sustainable energy is getting an edge due to limited supply of these fuels. Raping the earth is fun and profitable so it has to be done. Got ya

  7. #57
    is totally not a robot.
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    Re: Domestic Drilling

    If we kept all the oil that came out of Alberta for ourselves, we'd all be paying $0.60/L. I don't doubt the same would happen for the US.
    "After all, you know, there are worse things in life than death. I mean, if you've ever spent an evening with an insurance salesman, you know exactly what I mean."
    -Woody Allen

  8. #58
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    Re: Domestic Drilling

    Quote Originally Posted by Juiposa View Post
    If we kept all the oil that came out of Alberta for ourselves, we'd all be paying $0.60/L. I don't doubt the same would happen for the US.
    But thats market manipulation.

  9. #59
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    Re: Domestic Drilling

    fossil fuel is in no danger of running out any time soon, and you know what? as it does, it will become naturally more expensive, and by then the tech will have developed further allowing an alternative to more quickly and easily replace it. Drilling in the meantime isn't "raping the earth" - the entire area that they want to drill in ANWR, if you were to put it all together, would cover roughly the same amount of Territory as the LAX. Of course we should be dropping the current state barriers that keep replacements from receiving their full due. Nuclear ought to be streamlined, for example, so that states and localities can weigh the pro's and cons' on their own. The Japanese had taken some amazing steps in miniaturization of that technology, and we would be fools to keep it from ourselves. But the Government has an amazingly poor history of picking winners and losers (ethanol, anyone?) in this game, and shouldn't be trying to tilt the field in favor of anyone.

    In the meantime, our people are hurting - we are out of work, and watching growth (upon which so much depends) dwindle to a trickle. Drilling means desperately-needed well-paying jobs, increased revenue, and more rapid economic growth. Who hurts the most from higher energy prices? Not the rich, and not even the upper-middle class. The most vulnerable hurt the most - the poor, the unemployed, the student. I see no reason to continue to **** those people over in order to fulfill someone's Green Windmill Fantasies and tendency to go into the vapors around the Icky Stuff.

  10. #60
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    Re: Domestic Drilling

    Quote Originally Posted by Juiposa View Post
    If we kept all the oil that came out of Alberta for ourselves, we'd all be paying $0.60/L. I don't doubt the same would happen for the US.
    yes, and then of course you would have much less money to purchase foreign goods with, international trade with the US upon which your economy is dependent would slam to a halt, and you would see an entire economic collapse.

    but yes, for a short time you would probably enjoy lower gasoline prices. well done.

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