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. #61
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    Re: Domestic Drilling

    Very happy we can see who voted they were unaware of both the facts that we passed peak oil in this country 40 years ago and that we are approaching world peak oil now.

    1. Alfons
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    3. Bigfoot 88
    4. Cephus
    5. cpwill
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  2. #62
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    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.
    With lower energy costs, our manufacturing base would be given an advantage over other countries with similar labour costs. Possibly allowing for increased exports to other countries.
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  3. #63
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    Re: Domestic Drilling

    Quote Originally Posted by Lord Tammerlain View Post
    With lower energy costs, our manufacturing base would be given an advantage over other countries with similar labour costs. Possibly allowing for increased exports to other countries.
    i think you misunderstand. you get lower energy costs for a couple of weeks. after that your economy ceases to function and you become North Korea - dependent only on what you can produce internally.

  4. #64
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    Re: Domestic Drilling

    Quote Originally Posted by Catawba View Post
    Very happy we can see who voted they were unaware of both the facts that we passed peak oil in this country 40 years ago and that we are approaching world peak oil now.
    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.

    when oil actually gets' rare, we'll start seeing alternatives that are viable enter the market. until then, there is no reason to choose to be less economically competitive.

  5. #65
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    i think you misunderstand. you get lower energy costs for a couple of weeks. after that your economy ceases to function and you become North Korea - dependent only on what you can produce internally.
    Only if we shut out all exports and imports. Placing restrictions on a singular export would hurt those in that specific industry and those that benifited from it. Canada would not stop exports of cars, steel products and so one. Just the export of oil or at least a signficant portion of it. Alberta would most definately suffer and be quite upset, Ontario and Quebec would gain, so would BC
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  6. #66
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    Re: Domestic Drilling

    Quote Originally Posted by Lord Tammerlain View Post
    Only if we shut out all exports and imports.
    yeah, you just did. specifically you shut off a major export, violated NAFTA, and created a trade war the like of which hasn't been seen since the early 1930's. In the battle between the US and Canada, your economy is much more dependent upon ours than we are upon yours - and we know that. Having the nation to your south blame you for the fact that our gas prices are spiking even further isn't the best way to convince us not to retaliate, and that's a battle that you lose Very Quickly.
    Last edited by cpwill; 05-08-11 at 09:26 PM.

  7. #67
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    yeah, you just did. specifically you shut off a major export, violated NAFTA, and created a trade war the like of which hasn't been seen since the early 1930's. In the battle between the US and Canada, your economy is much more dependent upon ours than we are upon yours - and we know that. Having the nation to your south blame you for the fact that our gas prices are spiking even further isn't the best way to convince us not to retaliate, and that's a battle that you lose Very Quickly.
    Nafta sucks anyway

    Given Canadas renewed economy focus on raw materials of which China and India are significant buyers, much of Canadas trade can be reoreintated to areas excluding the US. It would be time consuming and somewhat costly, but the US would not come out any better. The US is quite dependant on Canadian energy and raw materials, the same ones that China and India need in ever growing amounts. The boost to the port of Vancover would be huge. While New York would shut down due to a lack of electricity (New York State that is).

    This would of course not be a trade war started by Canada, we would not be preventing any exports from the US entering Canada or putting tariffs on any US products., just controlling the export of crude oil. Something the US does already

    http://www.eia.doe.gov/dnav/pet/pet_...0_mbblpd_m.htm

    Notes: Crude oil exports are restricted to: (1) crude oil derived from fields under the State waters of Alaska's Cook Inlet; (2) Alaskan North Slope crude oil; (3) certain domestically produced crude oil destined for Canada; (4) shipments to U.S. territories; and (5) California crude oil to Pacific Rim countries. Totals may not equal sum of components due to independent rounding

    So if it is ok for the US to restrict its oil exports it should be fine and dandy for Canada to do the same
    Last edited by Lord Tammerlain; 05-08-11 at 09:36 PM.
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  8. #68
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    Re: Domestic Drilling

    Quote Originally Posted by Lord Tammerlain View Post
    Nafta sucks anyway
    ah yes that's an excellent policy assumption on which to build a trade war with the one foreign nation your economy is utterly dependent on.

    NAFTA sucks? Canada Sucks. Screw you and your hockey

    seriously, if you people stop selling us your oil and initiate a trade war, you are screwed. we are in big time trouble too, but less than you. This is one of those things where we win by losing less. both sides are much better off by choosing to win in mutually beneficial trade than we are in choosing to see who hits bottom first in a trade war.

    So if it is ok for the US to restrict its oil exports it should be fine and dandy for Canada to do the same
    wrong. life isn't fair and if you spike our energy prices you will be lucky if we don't just take you're pretty little sand fields. You're alot closer and more convenient than Iraq was
    Last edited by cpwill; 05-08-11 at 10:17 PM.

  9. #69
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    Re: Domestic Drilling

    Quote Originally Posted by cpwill View Post
    ah yes that's an excellent policy assumption on which to build a trade war with the one foreign nation your economy is utterly dependent on.

    NAFTA sucks? Canada Sucks. Screw you and your hockey

    seriously, if you people stop selling us your oil and initiate a trade war, you are screwed. we are in big time trouble too, but less than you. This is one of those things where we win by losing less.



    wrong. life isn't fair and if you spike our energy prices you will be lucky if we don't just take you're pretty little sand fields. You're alot closer and more convenient than Iraq was
    Albertans like their guns, and their hunting.

    Nafta does suck in the details of it. Reducing the soverign control of each country on what it exports, on its legal system, regulatory system among the more insane aspects ( see Mexican truckers as something many Americans see as a negative regarding Nafta)
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  10. #70
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    Re: Domestic Drilling

    Quote Originally Posted by Lord Tammerlain View Post
    Albertans like their guns, and their hunting.
    that's cute. how good are they at shooting A-10's out of the sky with their hunting rifles?

    Nafta does suck in the details of it. Reducing the soverign control of each country on what it exports, on its legal system, regulatory system among the more insane aspects ( see Mexican truckers as something many Americans see as a negative regarding Nafta)
    free trade is a net benefit, and NAFTA has been a net benefit to all nations involved. trade between our countries has exploded in the past decade as each of us have found ways to become more economically productive by working with each other. security concerns (mexican truckers = mexican immigrants / mexican drug cartels) are a legitimate point of worry, but not enough to say "NAFTA sucks".

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