07-18-2008, 04:47 AM | #21 | |
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First, the potential amount of oil brought to market is not exactly known, but it is not miniscule. Second, years from now we will STILL need oil. The "it won't be here for years" is one of the dumber arguments in this debate. It's like a 35-year-old saying, "Why should I save for retirement? I'm still working!" Third, oil prices are sensitive to perception. It's not strictly supply/demand but also the perception of supply/demand. Some analysts believe that the two-day drop in oil we just saw may be related to the (relatively) meaningless revocation of the executive order banning off-shore drilling. There is no good reason not to go full bore ahead in getting this oil production ramped up.
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07-18-2008, 04:55 AM | #22 | |
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Responses to some of others: When OPEC ups production, they do it NOW. Miniscule == miniscule compared to the overall current supply. Putting a twinkie on a shelf full of boxes and boxes of twinkies will not decrease the price of twinkies. Supply and demand. You have to increase supply by a marginal amount. US offshore drilling won't do it. Perception of oil traders = what will affect their perception more than anything would be policy that would put them on notice: the big kahuna customer is leaving the market. All we're saying now is: give me more crack. You enact Gore's policy of ridding ourselves of oil by 2018 and the price of oil would PLUMMET. (Gore's off his rocker, but it proves the point.)
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"Now I say that I know the meaning of my life: 'To live for God, for my soul.' And this meaning, in spite of its clearness, is mysterious and marvelous. Such is the meaning of all existence." Levin, Anna Karenina, Part 8, Chapter 12 Last edited by Levin; 07-18-2008 at 05:03 AM. |
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07-18-2008, 05:15 AM | #23 | |
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Gore's "policy" is unrealistic, which is why he's off his rocker. And you can use a cute drug euphemism if you want, but like it or not, oil is here to stay for a very long time. Your "no more crack" attitude is what has brought us to $4/gal gasoline.
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"Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young Last edited by Tex; 07-18-2008 at 03:37 PM. |
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07-18-2008, 03:31 PM | #24 |
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Man is it easy to see who has been drinking from the greenies bowl of elixir.
Yes Levin if they started drilling today it would take a few years for the oil to get into the actual production lines, just think if they had waited to start drilling in Prudhoe Bay in the 70's, what would the price of fuel be today? The reason why they want to be able to drill their is because of how much easier it is to get that oil into production, ie: the oil isn't 46 miles deep because they have tapped out the easier resources getting to the 46 mile deep resources. It costs a staggering amount of $$$ to drill offshore, the oil companies wouldn't wish to drill there if there were eaiser oil to be had. I sure wish there was oil by my front mailbox, and all of my neighbors also. I would bet that most of my neighbors wouldn't complain too loudly about alowing the Exxons of the world to drill if they thought it would lower gas to under $2 a gallon again. |
07-18-2008, 04:21 PM | #25 | |
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An economy driven by uncontrolled consumption, far-flung housing developments connected to cities inefficient concrete is on its way out . . . It has to be if we all want to make here. I'm for becoming sober as soon as we can. So let's make it hurt. I'm for the immediate end of sending trillions of dollars into the hands of the Russians, Venezuelans, and Arabs. I'm for keeping that gargantuan amount of capital at home (and not in the form of oil dollars), but in the form of ingenious technology that will power us into the future. I'm for American creativity and entrepreneurship that must and will be unleashed as soon as we remove the chain of foreign oil. Spending the "$$$$" to extract oil on the seas is incredibly inefficient; much better to spend it on American ingenuity and entrepreneurship -- on a Manhattan-type project for new technology. Solar, tidal, geothermal, water (not wind -- migratory bird holocausts; and not biofuel -- in a lot of ways worse than oil) -- we can do it, and we have to do it. For our economy, for our national security, and for the earth.
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"Now I say that I know the meaning of my life: 'To live for God, for my soul.' And this meaning, in spite of its clearness, is mysterious and marvelous. Such is the meaning of all existence." Levin, Anna Karenina, Part 8, Chapter 12 Last edited by Levin; 07-18-2008 at 04:26 PM. |
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07-18-2008, 05:02 PM | #26 | |
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You keep right on dreaming of pixie dust and dilithium crystals while galloping through candyland on the back of your pink unicorn. Those of us that reside here in the real world will stick to reality. P.S. I was ok with wind before your little sunshine and lollypops speech and I'm even more for it now.
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07-18-2008, 05:04 PM | #27 | |
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"Now I say that I know the meaning of my life: 'To live for God, for my soul.' And this meaning, in spite of its clearness, is mysterious and marvelous. Such is the meaning of all existence." Levin, Anna Karenina, Part 8, Chapter 12 |
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07-18-2008, 05:23 PM | #28 | |
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Sooner or later when presented with facts, they drift off into a utopian stupor.
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"Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young |
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07-18-2008, 05:27 PM | #29 |
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What I'm actually counting on is the free market, if you can't tell. I said nothign about command-and-obey policymaking (I said Gore was off his rocker). The market is finally giving us what we need, and we're responding as we should -- more Civics, fewer Expeditions; collapsing suburban home markets; burgeoning inner-city markets . . . But the changes have to be absolutely game-changing for America to stay dominant economically. We're draining away our wealth and future by funneling it overseas.
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"Now I say that I know the meaning of my life: 'To live for God, for my soul.' And this meaning, in spite of its clearness, is mysterious and marvelous. Such is the meaning of all existence." Levin, Anna Karenina, Part 8, Chapter 12 |
07-18-2008, 05:34 PM | #30 |
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You're new here so I'm going to let you in on a secret: nobody pulls "We'll agree to disagree" out of their ass around here. We fight until the bitter bloody end, regardless of how stalemated, backed into a corner, right and/or wrong we are.
Get with the program.
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I see a hobo. And when I see the hobo, I think to myself, "This man is poor. His monetary value is low, and my monetary value is high, and it's a shame that he is himself. What can I do?" |
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