Democrats to let offshore drilling ban expire

[BigPapaVol]

You're going to have to help me out, Papa...what do you mean by wildcat?

As for the price vs. risk...that is why I'm asking a lot of these questions..I'm not sure what it is. The price is obviously in favor of finding more oil to sell...the question is where is it cheaper to find/drill that oil. As for risk...there is a certain degree of *political* risk in drilling offshore in that it could be held up by courts...but that seems like it would be short-term next to what appears to be long-term risk of operating in hostile environments.

There will be investment in offshore drilling - I haven't seen anything that would suggest to me that it would be anything near what it would take to claim we're on the road to energy independence.

wildcatting for oil is the vernacular for those making bets on oil drilling.

I have to think with the level of pricing out there and the likelihood of striking oil, that the typical risk / reward scenario for those in the business pales in comparison to these bets.

 

[TennTradition]

wildcatting for oil is the vernacular for those making bets on oil drilling.

I have to think with the level of pricing out there and the likelihood of striking oil, that the typical risk / reward scenario for those in the business pales in comparison to these bets.

OK..thanks...I've heard the term used before but I wasn't coming close to placing it well enough to respond without risk of going in the wrong direction.

I think that people are going to go out there and drill...it makes more sense for some companies to do this than earlier (as I was trying to get at above somewhere in all my drivel). And...they'll find oil. However, I just don't think that we're going to be supplying all of our oil from these wells...I hope I'm wrong...I think that it is only a positive for this country as long as we can maintain somewhat positive relations with countries like Saudi Arabia.

 

[TennTradition]

i think it is very important to be independent for security reason. i think we increase producing our own oil, we don't have worry about iran, venezuela and russia threatening to stop or slow production.

While at first glance I completely agree with you - it does bolster our security from a cutoff by some other country...and in the event of some large-scale military conflict, it is very important to have easy access to resources like oil...I do wonder what would happen to areas like the middle east if we went "independent." Would they simply stop mattering? I doubt that...as long as Israel is still around - we will be disliked in the region. Then the question becomes how important is it to have economic allies in the region? I don't have a position on this yet, I'm just throwing thoughts out there...

 

[VolByBirth]

Not the point in an election year. The only thing it does is confirm, in voters minds, that the Dems have been keeping the process from moving forward.

I would argue the quote I pulled is exactly the point. The quote references short-term gas prices -- this will have no effect. Thus, it makes this offshore drilling issue political posturing.

I can't say I care much either way about the drilling, but rest assured I doubt it will even have a small percentage of the impact many are envisioning.

 

[VolByBirth]

How about this novel idea. In an unstable world it will put the US in position to be able to sustain itself from our own natural resources, rather than being reliant on our enemies. That alone makes it a worthy idea but still not complete, ANWR is still an issue that needs to be knocked over.

There is no proof that there is enough oil to sustain the U.S. Everything I've read that states that is speculation. Nevermind the time and effort to find the oil which could lead the timeline out further to peak drilling. All I'm saying is -- if you think offshore drilling is really going to do anything -- I haven't seen any firm evidence of this. I think it's just a political platform right now that divides people.

 

[KingNick865]

a vote for obama is a vote for pelosi, iran, chaves, Reid, north korea, jessie jackson, al sharpton, bill ayers and France.

What? I have never heard such blither.

 

[utvolpj]

thought this was too good to be true

We've just been alerted that despite House Democrats relenting on extending bans on offshore drilling and oil shale in the continuing resolution (CR) appropriations bill, Democrat Senate Leader Harry Reid has decided to sneak an extension of the oil shale ban through as Congress fights over the financial bailout.

http://demint.senate.gov/public/ind...&Blog_ID=9a2397c9-e8a5-2da3-c8a3-2cd5fe8fa96b

 

[volinbham]

Sucks but not a surprise from Harry the D-bag Reid

 

[BigPapaVol]

Reid has no redeeming value whatsoever.

At least Pelosi's hot.

Speaking of Pelosi, have all these "heartbeat away from the presidency" types thought about her being only a couple of heartbeats away. With Obama's penchant for the cancer stick and Biden's aneurisms, she's could be running this joint soon.

I want a full vetting process.

Sorry for the hijack.

 

[KB5252]

Reid has no redeeming value whatsoever.

At least Pelosi's hot.

Speaking of Pelosi, have all these "heartbeat away from the presidency" types thought about her being only a couple of heartbeats away. With Obama's penchant for the cancer stick and Biden's aneurisms, she's could be running this joint soon.

I want a full vetting process.

Sorry for the hijack.

Are you serious?:sick:

 

[allvol123]

At least Pelosi's hot.

Your worst post ever.

 

[BigPapaVol]

Are you serious?:sick:

please.

 

[BigPapaVol]

Your worst post ever.

you have to know better.

 

[allvol123]

you have to know better.

Damn, I do. I was working and just did a quick drive by reading and jumped on it. My fault.

 

[KB5252]

please.

You know what they say, to each their own. I am glad to hear the old standards are higher though!

 

[TennTradition]

thought this was too good to be true



United States Senator - Jim DeMint

I didn't even know that we currently banned extracting from oil shale...weird. Why would you sneak in that ban? It makes no sense. It makes less sense, to me, than banning offshore drilling - which doesn't really make any sense. There is no need to tie up these resources...if you don't want people to use them, tax them. Why just completely tie them up? Especially oil shale.....just employ strict licensing criteria if you're that worried about what methods they may come up with to extract the oil from the shale (which, I might add, some are very odd).

 

[volinbham]

I didn't even know that we currently banned extracting from oil shale...weird. Why would you sneak in that ban? It makes no sense. It makes less sense, to me, than banning offshore drilling - which doesn't really make any sense. There is no need to tie up these resources...if you don't want people to use them, tax them. Why just completely tie them up? Especially oil shale.....just employ strict licensing criteria if you're that worried about what methods they may come up with to extract the oil from the shale (which, I might add, some are very odd).

To make matters worse, it is a Federal ban. Even if there was not federal ban, the states could ban it. This is a hugely ridiculous position for the federal government to take.