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Oil rises above $90 amid US crude supply drop

Only for an ever increasing price. All the cheap sources of oil have already been drilled out. Have you not seen the warning from the Military?

Yes that makes absolute sense, :roll:, people will want to pour liquid gold down their gas tanks because there is no other source of energy than oil.

Someone else will develop it and we'll be all the merrier, sans the fear mongering.


It is a fact beyond doubt that we have not produced in this country as much oil as we consume since 1971. If you claim it is speculation, back it up if you can with documentation of any year in the last 4 decades when we have drilled more oil than we consumed.

So what, we don't need domestic supplies as long as there is oil in the world.
 
Well let's see.....I mowed, used the weed eater and the power blower on my lawn today (allusing fossil fuels).

Jumped in My Wife's Mustang and took her out for an amazing steak dinner.....drove it home...jumped in my electrically heated Hot Tub and and drank wine with her.

I don't care about your "Carbon Footprint", or your obsession with fraudulant science...now....as for the judgements of others....not my concern.


And the high price you pay for your wastefulness is not my concern. Happy motoring! :sun
 
And the high price you pay for your wastefulness is not my concern. Happy motoring! :sun

Ha! you just proved his point.....That's good. Tell me Cat, you are the type of person that gives the harry eyeball to people driving trucks, and SUV's aren't you?

j-mac
 
If you really have a passive solar house, look up Patent no 4,971,028 It is a passive solar collector panel that goes into sun facing glazing and turns a window into solar collector. It is my patent and if you need any more technical info on it I would be glad to supply it. They are just foam insulation, low tech, easy to build, cheap.

I'll check it out! Thanks! Right now I have the task ahead of me of mounting the 1.5 kw solar collector system I bought last year. I am very excited to see how much it will reduce my electric bill! :sun
 
The answer is simple...very simple....economics.

If the situation was truly as bad as the left prosthelytizes, then companies would be tripping over each other to find the next best thing (fuel source). Whomever created/invented this tech would create a global energy market that would eclipse overall oil revenues in a few years....not 20-30 years as some have suggested. However, since the world reserves are nowhere near depleted such deviation into a source market that has no 'real' value is quite simply a bad investment.

Thanks for your opinion.

US military warns oil output may dip causing massive shortages by 2015

"By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day," says the report, which has a foreword by a senior commander, General James N Mattis."
 
may dip causing massive shortages by 2015

The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact.

It adds: "While it is difficult to predict precisely what economic, political, and strategic effects such a shortfall might produce, it surely would reduce the prospects for growth in both the developing and developed worlds. Such an economic slowdown would exacerbate other unresolved tensions, push fragile and failing states further down the path toward collapse, and perhaps have serious economic impact on both China and India."

But there are signs that the US Department of Energy might also be changing its stance on peak oil. In a recent interview with French newspaper, Le Monde, Glen Sweetnam, main oil adviser to the Obama administration, admitted that "a chance exists that we may experience a decline" of world liquid fuels production between 2011 and 2015 if the investment was not forthcoming.

Golly....why?

All of it is speculation..as is "Peak Oil"....;)

Sorry.
 
Yes that makes absolute sense, :roll:, people will want to pour liquid gold down their gas tanks because there is no other source of energy than oil.

Someone else will develop it and we'll be all the merrier, sans the fear mongering.

And you think that is all going to happen in the next couple years???? If so I have a bridge in Arizona you may want to take a look at. Why would the oil companies voluntarily give up their record profits selling a gullible public gasoline at ever increasing profits until the last drop is gone?

So what, we don't need domestic supplies as long as there is oil in the world.

And we don't mind killing people for it. That's your energy plan? And you call yourself a Libertarian???? Perhaps you missed the news, we are approaching world peak oil. See the warning by the US Military.
 
Golly....why?

All of it is speculation..as is "Peak Oil"....;)

Sorry.


LOL! Who to believe, a ditzy conservative opinion on a polictical forum without anything whatsoever to back it up, or the US Military's assessment? A tough choice but I pick the US military's assessment, as well as my own study of the issue.
 
An assessment filled with "may", "could" , "might".....you see..it's as I told Dave it's a matter of Faith.

The Military MUST/DOES plan ahead based upon EVERY contingency....I do not begrudge you your faith..but when it becomes you preaching to me...sorry....you ain't big enough....smart enough....or informed enough to tell me anything ;)





LOL! Who to believe, a ditzy conservative opinion on a polictical forum without anything whatsoever to back it up, or the US Military's assessment? A tough choice but I pick the US military's assessment, as well as my own study of the issue.
 
An assessment filled with "may", "could" , "might".....you see..it's as I told Dave it's a matter of Faith.

The Military MUST/DOES plan ahead based upon EVERY contingency....I do not begrudge you your faith..but when it becomes you preaching to me...sorry....you ain't big enough....smart enough....or informed enough to tell me anything ;)

Once again thank you for your unsubstantiated opinion.

"The American people need to know about this situation and be told

as well that there are no easy or quick solutions to today’s energy problems. The president has to begin

educating the public about this reality and start building a broad base of popular support for the hard

This recommendation sits at the core of an Independent Task Force Report sponsored by our two

organizations. The Task Force was chaired by Edward L. Morse, a widely recognized authority on

energy, and ably assisted by Amy Myers Jaffe of the James A. Baker Institute for Public Policy of Rice

University. The Task Force included experts from every segment of the world of energy – producers,

consumers, environmentalists, national security experts and others.


There are no easy Solomonic solutions to the energy crises, only hard tradeoffs between legitimate

and competing interests. Tightening environmental regulations, among other factors, have discouraged the

rapid expansion of badly needed energy infrastructure in many U.S. locations. But Americans are also

demanding a cleaner environment and cleaner energy.

Strong economic growths across the globe and new global demands for more energy have meant the

end of sustained surplus capacity in hydrocarbon fuels and the beginning of capacity limitations. In fact,

the world is currently precariously close to utilizing all of its available oil-production capacity, raising the

chances of an oil-supply crisis with more substantial consequences then seen in three decades. These

limits mean that America can no longer assume that oil-producing states will provide more oil. Nor is it

strategically and politically desirable to remedy our present tenuous situation by simply increasing our domestic supply


So, we come to the report’s central dilemma: the American people continue to demand plentiful and

cheap energy without sacrifice or inconvenience. But emerging technologies are not yet commercially

viable to fill shortages and will not be for some time. Nor is surplus energy capacity available at this time

to meet such demands. Indeed, the situation is worse than the oil shocks of the past because in the present

energy situation, the tight oil market condition is coupled with shortages of natural gas in the United

States, heating fuels for the winter, and electricity supplies in certain localities."

Powered by Google Docs
 
Don't preach to me Judas.....you cannot win.

"Might", "Maybe", "Could"......if you want to "force" into anything...bring weapons.

It will be fun.



Once again thank you for your unsubstantiated opinion.

"The American people need to know about this situation and be told

as well that there are no easy or quick solutions to today’s energy problems. The president has to begin

educating the public about this reality and start building a broad base of popular support for the hard

This recommendation sits at the core of an Independent Task Force Report sponsored by our two

organizations. The Task Force was chaired by Edward L. Morse, a widely recognized authority on

energy, and ably assisted by Amy Myers Jaffe of the James A. Baker Institute for Public Policy of Rice

University. The Task Force included experts from every segment of the world of energy – producers,

consumers, environmentalists, national security experts and others.


There are no easy Solomonic solutions to the energy crises, only hard tradeoffs between legitimate

and competing interests. Tightening environmental regulations, among other factors, have discouraged the

rapid expansion of badly needed energy infrastructure in many U.S. locations. But Americans are also

demanding a cleaner environment and cleaner energy.

Strong economic growths across the globe and new global demands for more energy have meant the

end of sustained surplus capacity in hydrocarbon fuels and the beginning of capacity limitations. In fact,

the world is currently precariously close to utilizing all of its available oil-production capacity, raising the

chances of an oil-supply crisis with more substantial consequences then seen in three decades. These

limits mean that America can no longer assume that oil-producing states will provide more oil. Nor is it

strategically and politically desirable to remedy our present tenuous situation by simply increasing our domestic supply


So, we come to the report’s central dilemma: the American people continue to demand plentiful and

cheap energy without sacrifice or inconvenience. But emerging technologies are not yet commercially

viable to fill shortages and will not be for some time. Nor is surplus energy capacity available at this time

to meet such demands. Indeed, the situation is worse than the oil shocks of the past because in the present

energy situation, the tight oil market condition is coupled with shortages of natural gas in the United

States, heating fuels for the winter, and electricity supplies in certain localities."

Powered by Google Docs
 
And you think that is all going to happen in the next couple years???? If so I have a bridge in Arizona you may want to take a look at. Why would the oil companies voluntarily give up their record profits selling a gullible public gasoline at ever increasing profits until the last drop is gone?

It's not an absolute prediction, because they don't really know.
Oil companies don't have to give up anything, other people are already developing alternatives.

You really really don't understand economics and the incentives that are involved.



And we don't mind killing people for it. That's your energy plan? And you call yourself a Libertarian???? Perhaps you missed the news, we are approaching world peak oil. See the warning by the US Military.

See, fear mongering.
OMG peak oil, I mean O-M-G!! :scared:
 
Once again thank you for your unsubstantiated opinion.

"The American people need to know about this situation and be told

as well that there are no easy or quick solutions to today’s energy problems. The president has to begin

educating the public about this reality and start building a broad base of popular support for the hard

This recommendation sits at the core of an Independent Task Force Report sponsored by our two

organizations. The Task Force was chaired by Edward L. Morse, a widely recognized authority on

energy, and ably assisted by Amy Myers Jaffe of the James A. Baker Institute for Public Policy of Rice

University. The Task Force included experts from every segment of the world of energy – producers,

consumers, environmentalists, national security experts and others.


There are no easy Solomonic solutions to the energy crises, only hard tradeoffs between legitimate

and competing interests. Tightening environmental regulations, among other factors, have discouraged the

rapid expansion of badly needed energy infrastructure in many U.S. locations. But Americans are also

demanding a cleaner environment and cleaner energy.

Strong economic growths across the globe and new global demands for more energy have meant the

end of sustained surplus capacity in hydrocarbon fuels and the beginning of capacity limitations. In fact,

the world is currently precariously close to utilizing all of its available oil-production capacity, raising the

chances of an oil-supply crisis with more substantial consequences then seen in three decades. These

limits mean that America can no longer assume that oil-producing states will provide more oil. Nor is it

strategically and politically desirable to remedy our present tenuous situation by simply increasing our domestic supply


So, we come to the report’s central dilemma: the American people continue to demand plentiful and

cheap energy without sacrifice or inconvenience. But emerging technologies are not yet commercially

viable to fill shortages and will not be for some time. Nor is surplus energy capacity available at this time

to meet such demands. Indeed, the situation is worse than the oil shocks of the past because in the present

energy situation, the tight oil market condition is coupled with shortages of natural gas in the United

States, heating fuels for the winter, and electricity supplies in certain localities."

Powered by Google Docs

First, you do know that was written in Feb. 2001? A bit outdated by any standard.....

Second, it proposes to ease EPA restrictions/regualtions on building new refineries, nuclear power plants, natural gas exploration and domestic drilling (shame we didn't follow that part)

Third, what that study had concluded was that there were PLENTY hydrocarbon sources available (petro), but not enough refineries to make a finished/consumer ready product. See quote (from your article):

"Even more important for the future, estimates of the amount of undiscovered oil outside the United States are still rising according to the US Geological Survey, while the global search for natural gas has barely begun. The world WILL NOT run short of hydrocarbons in the foreseeable future. The problem is on of developing these and other fuels and getting them to the consumers who need them."
 
Don't preach to me Judas.....you cannot win.

"Might", "Maybe", "Could"......if you want to "force" into anything...bring weapons.

It will be fun.

Thanks for your opinion! :sun
 
You really really don't understand economics and the incentives that are involved.


As I have documented, the people that do, are worried. You don't really understand peak oil and that there are no quick replacements do you?
 
An assessment filled with "may", "could" , "might".....you see..it's as I told Dave it's a matter of Faith.

The Military MUST/DOES plan ahead based upon EVERY contingency....I do not begrudge you your faith..but when it becomes you preaching to me...sorry....you ain't big enough....smart enough....or informed enough to tell me anything ;)

Faith indeedy. You got big faith in your own world. Not to worry, the media is making sure lots of non-thinking adults agree with you. No thinking necessary. You're a great example. Thanks.
 
You bet I do....you go ahead and practice your beliefs...but if you are going to try and force me into anything...bring weapons...you'll need them.

Faith indeedy. You got big faith in your own world. Not to worry, the media is making sure lots of non-thinking adults agree with you. No thinking necessary. You're a great example. Thanks.
 
As I have documented, the people that do, are worried. You don't really understand peak oil and that there are no quick replacements do you?

Peak oil is a bigger hoax than global warming.
 
First, you do know that was written in Feb. 2001? A bit outdated by any standard.....

We passed peak oil in this country in 1971, that hasn't changed in 4 decades. If you want official documentation more recent, see the US Military's March, 2010 warning of peak oil.

Second, it proposes to ease EPA restrictions/regualtions on building new refineries, nuclear power plants, natural gas exploration and domestic drilling (shame we didn't follow that part)

There have not been any new refineries proposed to ease restrictions on. We have made the largest investment in history for nuclear power, and we are drilling more oil than in the last decade under a Republican administration. And none of that has the slightest effect on peak oil.

Third, what that study had concluded was that there were PLENTY hydrocarbon sources available (petro), but not enough refineries to make a finished/consumer ready product. See quote (from your article):


Try reading the whole report ~

"As it is, national solutions alone cannot work. Politicians still speak of U.S. energy independence,

while the United States is importing more than half of its oil supplies and may soon for the first time

become reliant on sources outside North America for substantial amounts of natural gas.
More flexible

environmental regulation and opening of more federal lands to drilling might slow but cannot stop this

process. Dependence is so incredibly large, and growing so inexorably, that national autonomy is simply

not a viable goal
. In the global economy, it may not even be a desirable one."
 
Peak oil is a bigger hoax than global warming.

Thanks for your opinion, I will go with the experts if you don't mind.
 
As I have documented, the people that do, are worried. You don't really understand peak oil and that there are no quick replacements do you?

Electric cars are a more easy replacement but I don't care about peak oil alarmist, fear mongering.

If like you say, it's going to happen in a few years, then what else can you do, let people be happy with the way things are now.
Since you believe that it is unavoidable.
 
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