Sign the Petition Now! Drill for oil in the USA!

[Steve Wood]

So now the argument is diverted to drilling in ANWR and only obtaining a million barrels today.

A million here and a million there, pretty soon adds up to real production.

Those entrenched oil interests hiding under Dave's bed must have kept him awake all nite.

[getyousome]

Originally Posted by Gothmog

no argument there.

but to make an impact on oil prices, we have to dump a bunch of it on the market, not trickle in a new supply from ANWR

You have to start somewhere. Keep an open mind, we didn't get ourselves into this position over night and we will not get out of it over night. I too believe that oil is over priced but oil companies had nothing to do with it. Believe me if we could buy oil cheaper we would.

[Texas Turbo T]

$4.00+ a gallon! No end in sight!

Please go sign the petition!

CLICK HERE TO SIGN: Drill for Oil in the USA - Petition

[Gothmog]

Just saw on the news Bush's guy in charge of energy said domestic drilling would bring prices down maybe a nickel in 10 years


I'm going back to my orginal statement. In order to drop the price, we need to DUMP huge amounts onto the open market, what we will do is just trickle some more oil onto the market which wont lower prices

[stevemon]

Dave why don't you tell us who got us into this mess? As for drilling here, what are the downsides? Also please explain Junior Senator Obama's plan to solve the energy crisis.

[Gothmog]

Originally Posted by stevemon

Dave why don't you tell us who got us into this mess? As for drilling here, what are the downsides? Also please explain Junior Senator Obama's plan to solve the energy crisis.

the person who got us into this is Bush/Bernake, his attempt to push the impending recession down the road by lowering interest rates, instead dropped the value of the US dollar, then the speculators jumped in...Befoe the speculators jumped oil up to $140 a barrel, eveyone predicted it would be $110- also bad

Obama may have a plan for alternate energies, but the special interests control washington, not the politicians, so any great ideas he has will be quashed

I no longer support Obama or any of the democrats after they sanctioned Bush's warrantless wiretapping

[stevemon]

The post was about drilling for oil. I asked who kept us from doing that and of course, Gothmog brought up someting to blame on W (although that is another of "HIS" realities. )

[Gothmog]

Originally Posted by stevemon

The post was about drilling for oil. I asked who kept us from doing that and of course, Gothmog brought up someting to blame on W (although that is another of "HIS" realities. )

over the years, it was big oil, because they didnt need to and it was expensive. In a way I hope they start drilling, but ten years from now, no one will remember all the people who said it would lower gas prices, when it doesnt

[Steve Wood]

Originally Posted by Gothmog

Just saw on the news Bush's guy in charge of energy said domestic drilling would bring prices down maybe a nickel in 10 years


I'm going back to my orginal statement. In order to drop the price, we need to DUMP huge amounts onto the open market, what we will do is just trickle some more oil onto the market which wont lower prices

can you provide a source of this news? Based upon supply alone, that might have some merit, but, based upon psychology, I suspect that it does not.

Most people agree that the Fed has pushed the dollar down. Of course, most agree that we were not in danger of a recession altho' I remember your comment about the recession by June that would destroy the economy.

In the past, Greenspan was not a mouthpiece for the current administration. Greenspan created the last recession by jacking interest rates thru the roof trying to cool off the tech market. There is no reason to try to hang this on Bush other than your desire to demonize him at every step. The Chairman brought this on all by himself. I suspect he will not last long. I see discussions are already going on as to whom should replace him when he takes a teaching job at Princeton.


Obama has no plan. No President from Carter on has had any plan other than to bow to political interests that don't want energy produced in their locale.

Alternate energy will take years to develop. Outside of talking, very little is being done by anyone with significant money. There are some small companies that are doing interesting things, but, they are way undercapitalized when it comes to getting beyond the model scale. Companies that demonstrate viable, economic systems of energy development, with their own money, should have their costs refunded plus 50%...but, only after it is a proven fact.

Then, there are those like Shell who want to do things in the shale, but, are refused permission to proceed at an economic level because, once again, local politicians want energy to come from outside.

Global warming will be history before anyone comes up with a viable substitute.

At the moment, we can do several things.

We can raise interest rates to support the dollar.

We can pass laws that:

Make it illegal for foreign companies to hold controlling interest in our financial institutions.

Make it illegal for financial institutions to hedge against the dollar by buying energy contracts-in effect betting against the American economy.

Make it illegal allow trading in American energy markets by anyone other than American citizens and, coincidentally, make it illegal for American energy futures to be traded anywhere, but, on American soil.

We can change the depreciation schemes to allow those companies that produce oil in this country to write off production cost quickly so that the economics become comparable to doing so in foreign countries. Public companies must provide competitive returns with their counterparts so do not penalize them from working in this country.

We must demonstrate that we will no longer accept the status quo and are going to pursue a long term effort that will take our business elsewhere. Market psychology is often more important than short term reality. Those that depend solely upon oil revenues for their livelyhood will immediately begin to try to change things in order to keep our business. After all, they are getting by with their current pricing because they feel we don't want to produce oil in our own country.

We should cut out all this pork that is making our representatives rich and use some of the money to subsidize solar and wind power to individuals who don't mind a windmill in the backyard, and, who would love to sell power back to the power company. A law should be passed that makes it illegal for any goverment representative, and their relatives, to profit from any government expenditure.

And, finally, those states that block the development of new energy projects, whether it be petroleum, wind, nuclear, whatever, should have a federal tax levied on gasoline, oil, electricity, etc. as they are consuming the efforts of others rather than doing their own fair share.

[Steve Wood]

Or, we could reduce the population by 50% and get this country back to where it was a few years ago.

[Zap]

Or, I could start playing the commodities market and ...I'm damn sure oil would go bust!

[Steve Wood]

Everyone in town blames me for the drop in the goat market...I sold and the market started falling...I told them they should have bought and not sold....

[Texas Turbo T]

Originally Posted by Gothmog

over the years, it was big oil, because they didnt need to and it was expensive. In a way I hope they start drilling, but ten years from now, no one will remember all the people who said it would lower gas prices, when it doesnt

If you a correct (not likely), at least there will be more jobs and the money will be helping our economy and not someone else's!

[Gothmog]

Originally Posted by Texas Turbo T

If you a correct (not likely), at least there will be more jobs and the money will be helping our economy and not someone else's!

we can only hope it helps, like all these war jobs Halliburton created, but dont benefit the USA, cause Halliburton is a foreign company who subcontracts the jobs to third world country workers

[Texas Turbo T]

Originally Posted by Gothmog

we can only hope it helps, like all these war jobs Halliburton created, but dont benefit the USA, cause Halliburton is a foreign company who subcontracts the jobs to third world country workers

War jobs?

Exxon/Mobil drilling for oil here in the USA is war jobs?

Please explain!