Drill here, drill now... prophetic

#76
#76
IPorange said:
For how long? Cheaper prices = more consumption = the sooner we get to a supply demand crunch again. All of this talk isn't even a solution, but rather just punting the ball a few more years.
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We do not have an immediately available alternative. We have to get by somehow RIGHT NOW. We aren't even talking about cheaper prices... We're talking about avoiding an economic collapse at worst and a long depression at best depending on how widespread these revolutions become, how much damage to oil infrastructure is done, how long they take to end, and who is left standing on the other side.

My solution is pretty simple. Declare it a "war" time type of mobilization and build as many nuke plants as we can as fast as we can. Convert as much of our energy use in all areas but particularly transportation to electric. Electric cars and trucks are not truly viable right now. Electric rail freight and bus/train transit are available and viable alternatives.

If we make electricity sufficiently less expensive then innovation and invention will provide the means to use it.

If we derive most of our energy from nuclear power then perhaps we can afford the more expensive refining of auto fuels from domestic sources?

We would all like to believe that solar, wind, and tidal energy sources will solve all our problems. But the technology is many years off.
 
#77
#77
KentheOrange said:
Most objective people understand that we need to increase oil production and refining. The major problem is the "not in my backyard" thinking.
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NIMBY is a huge part of it, yes. But in this sense a lot of the country views the ecology of the Gulf of Mexico, or even the high country in Alaska, as its backyard.
 
#78
#78
IPorange said:
Who wants those when we have cheap and abundant oil?
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i assure you if hybrid cars were the same price as regular ones that they'd outsell the regular ones. when the technology gets there is when consumers will take notice. the cell phone example isn't far off really.
 
#79
#79
lawgator1 said:
NIMBY is a huge part of it, yes. But in this sense a lot of the country views the ecology of the Gulf of Mexico, or even the high country in Alaska, as its backyard.
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plenty of easy to tap oil reserves off the coast of southern california. oil rigs do kind of ruin the view though. long beach has some cool looking ones. look like islands.
 
#80
#80
I agree that it is many years off, but those years aren't going to move faster by continuing to act like there isn't a problem, such as by drilling deeper and in new places for the scraps of oil left, to put off an economic collapse for later. That stuff only gets worse with time, not better.
 
#81
#81
IPorange said:
Who wants those when we have cheap and abundant oil?
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The zach morris cell phone used to cost $2K. Now I can buy an Iphone4 for $300

I never said oil will be cheap, we have lots of it below us and we will get it, but you will never see oil under $50 again unless we have a major economic disruption
 
#82
#82
lawgator1 said:
Well, let's see. You are critical of a lack of starting wells 2-4 years ago, so that would be during the presidency of ....
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George Bush and Barack Obama. There is less difference between the policies of the Bush WH in his last two years and Obama than there is between Bush's first 6 years and last two.

But FTR, Dems had taken over Congress and your hero was running around mocking anyone who said that increasing domestic oil production was even part of the answer.
 
#83
#83
droski said:
plenty of easy to tap oil reserves off the coast of southern california. oil rigs do kind of ruin the view though. long beach has some cool looking ones. look like islands.
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It's funny you mention that because I was in Orange County last year and when typing my post had the image of the rigs right there in my mind. I live in Florida and you go to a pier here and look out and see nothing but blue, forever.

Get on a pier out there and, if you confine your view to the few hundred yards off the beach you see some amazing rocks and what not. But glance directly west and you can't help but notice the giant metal thing poking up out of the water. It is pretty startling.
 
#84
#84
lawgator1 said:
Bush bears no more blame than any other single politician when it comes to U.S. drilling policy. As bham states, that has a convoluted, largely state-bound decision-making process behind it.

You could argue that the attack on Iraq had some effect on oil prices for awhile, but that is a separate issue, imo.
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Ah... nice confession. The blame rightly lies at the feet of the oil companies AND the environmental extremists. Good call. The politicians did nothing but respond to the loudest squeak.
 
#85
#85
sjt18 said:
George Bush and Barack Obama. There is less difference between the policies of the Bush WH in his last two years and Obama than there is between Bush's first 6 years and last two.

But FTR, Dems had taken over Congress and your hero was running around mocking anyone who said that increasing domestic oil production was even part of the answer.
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if the links provided in this thread about the reserves found and tapped in North Dakota are accurate, why haven't we seen price reduction and stabilization? Serious question. I've just been told the national proven reserves have doubled, and with high quality oil no-less. Why haven't we seen some sort of drastic change?
 
#86
#86
this is a legit question. the drop in the oil price after the housing collapse took the high oil price off the radar quite a bit. what could bush have done more than he did with a democratic congress?
 
#87
#87
IPorange said:
if the links provided in this thread about the reserves found and tapped in North Dakota are accurate, why haven't we seen price reduction and stabilization? Serious question. I've just been told the national proven reserves have doubled, and with high quality oil no-less. Why haven't we seen some sort of drastic change?
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are you blind? We are seeing it right now. WTI cost $99 vs Brent costs $112
 
#88
#88
lawgator1 said:
It's funny you mention that because I was in Orange County last year and when typing my post had the image of the rigs right there in my mind. I live in Florida and you go to a pier here and look out and see nothing but blue, forever.

Get on a pier out there and, if you confine your view to the few hundred yards off the beach you see some amazing rocks and what not. But glance directly west and you can't help but notice the giant metal thing poking up out of the water. It is pretty startling.
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and that's probably at best 1/5 of the rigs we could put out there if they let them. all fairly low cost btw

IPorange said:
if the links provided in this thread about the reserves found and tapped in North Dakota are accurate, why haven't we seen price reduction and stabilization? Serious question. I've just been told the national proven reserves have doubled, and with high quality oil no-less. Why haven't we seen some sort of drastic change?
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massive worldwide commodity inflation. base metals and grain up far more than oil the past 6 months.
 
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#89
#89
droski said:
massive worldwide commodity inflation. base metals and grain up far more than oil the past 6 months.
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Demand demand demand. Globalization. I don't think there is going to be enough possibly added by domestic source to make a large impact on the global prices. The world is too small now.
 
#91
#91
173101.jpg
 
#94
#94
lawgator1 said:
Yeah, but what an incredible eye sore they are even right now!
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and there's the rub.

IPorange said:
Demand demand demand. Globalization. I don't think there is going to be enough possibly added by domestic source to make a large impact on the global prices. The world is too small now.
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not sure the commodity inflation is 100% demand. i'd argue most of it is the massive increase in central banks money supplies and the concern of stagflation.
 
#96
#96
droski said:
this is a legit question. the drop in the oil price after the housing collapse took the high oil price off the radar quite a bit. what could bush have done more than he did with a democratic congress?
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In fiscal terms, Bush became a Democrat after the 2006 elections. Those were actually the first two yeas of the Bubama administration... bail outs, stimulus packages, et al.
 
#97
#97
IPorange said:
if the links provided in this thread about the reserves found and tapped in North Dakota are accurate, why haven't we seen price reduction and stabilization? Serious question. I've just been told the national proven reserves have doubled, and with high quality oil no-less. Why haven't we seen some sort of drastic change?
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US production needed to increase about 15% to offset the possible loss of Libyan production. It isn't the complete answer but is part of it until we can make permanent shifts.

The problem is the left will demagogue nuclear power but their "alternative" sources don't work yet.. and won't for many years. The Al Gore's of the world who ride around in 5 mpg SUV's and private jets are perfectly satisfied to let the masses see their standard of living go down because of fuel and energy prices.

Our only real options are to start drilling here NOW to buy time then somehow figure out how to build nuke plants in less than 15 years. It will take the kind of mobilization we had during WWII to meet this challenge and keep us safe.

We have a twofold threat right now. One, if the upheaval is somewhat limited then we will have economic pain. Two, if it is more widespread, we will be forced to take sides and get involved militarily regardless of who the President is.

With children approaching draft age and adulthood... I don't want to see either.
 
#100
#100
T-TownVol said:
If it is only 1%, it still keeps American dollars here.
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And jobs...Since the Moratorium went into place last year, 7 deepwater rigs have left the GOM to go to the likes of Africa, China, etc. That has been estimated to cost Americans 7000 jobs, but hey, Africa and China are very grateful. :hi: America doesn't need those dang high paying jobs anyway.
 
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