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What ever happened to the Wolverine find in Utah that was alleged to have a bil. + barrels, the 2 + bil. in the Dakotas. What about the fact that Alaskans want to access the resources in their state. We are a Republic, and yet Federal obstruction by career politicians with leashes around their necks held by nefarious characters, are making the American people slaves in our own country. How 'bout that run-on sentence!!!
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Originally Posted by Zeus
Newt is right except I don't blame speculators for much of the problem. The ONLY reason they are having any impact at all right now is because the demand is exceeding supply and any POSSIBLE interference with supply gives them a reason to panic/take advantage of that panic.
Currently world demand exceeds production by @ 1 million barrels per day by simply overcoming that shortage and by providing enough cushion in the supply/demand equation to head off the panic, prices would drop dramatically.
In 2004 we had a surplus of daily oil demand of @1 million barrels and prices were half what they are today. There is no reason to believe that producing a surplus of similar amounts would not result in a similar price now.
The liberals are able to fool many people by saying drilling in ANWR (OR in the Pacific, OR in the Gulf, OR in the Atlantic etc.) is not likely to affect prices significantly - citing administration studies that say the same. What they neglect to tell people is that ANWR (OR in the Pacific, OR in the Gulf, OR in the Atlantic, OR under the Rockies etc.) is not the question. The proper question is whether drilling in ANWR AND in the Pacific AND in the Gulf AND in the ATLANTIC AND in the Rockies etc., would affect prices. You see, by isolating each individual oil field, they minimize the potential impact. That is the way they fool people. It is similar to the power of water. A single drop or even a single thunderstorm does not have all that much power, but billions of rain drops and a combination of thunderstorms can have a devastating effect, having the power to destroy whole regions.
Individual oil fields may or may not have all that much impact by themselves, but combined with others, the power to bring down prices is awesome. The impact is not linear, it is exponential, each bit of extra oil supply over the amount of demand has more of an impact that those that came earlier - because each extra barrel of oil is not now just going to meet demand, it is going to offset potential disruptions. That would take the spectulators out of the equation WITHOUT harming the industries that are buying futures as a hedge against unknown price increases.
What happened???Quote:
Originally Posted by ConJinx
Lawsuits brought by Democrats/Socialists in the Environmental movement and Prohibitions and excessive regulations brought on by Democrats/ Socialists in congress.
It makes things excessively expensive and incredibly slow to bring things like this to hit the market.
wait till a hurricane get into the Gulf. We Floridians can't WAIT til we have to choose between food or fuel, again.:cool:
I'm truly stunned by peoples reaction to or lack of reaction when we're told it'll take decades. I hate to say it but JFK was the last one to say, and I'm gonna paraphrase, "we're gonna do this and the other things, now shut up and do it."
Yep.Quote:
Originally Posted by ConJinx
Except the lie the left wants to propagate is that it will take decades. It won't. That figure is ONLY for the remote areas like ANWR. We have trillions of barrels right in the lower 48 with relatively fast access to market - some in as little as a year.
It's sad actually. The perception that our "leaders" have Americas interests at heart. I try so hard not to become part of the tin-foil hat club, but it becomes more clear by the day that it is purposefully being done to cripple or destroy our Union. Does no one recall the works of Marx, the deeds of Lenin, the actual truth of what Liberty means. The selfish ideologies of the Left and the inaction of the so called Right are driving us to sub-servant beggars. Please sir, could I have some more oil.
What baffles the living hell out of me is that the fear of endangering the environment is a tactics used by liberals and Env. nuts that have no basis in fact. Many hurricanes have passes thru the Gulf of Mexico (Katrina and Rita) and not one drop of oil was spilled. Additionally, it is much safer to drill in the Gulf of Mexico, pipe it in to land than it is to bring it in by tanker (think Exxon's Valdez and a spill in San Fran). Another benefit other than the obvious ones is that the offshore platforms provide a haven for fish and some of the best fishing in the world. I can not understand why these morons in DC don't get it. The Gulf of Mexico (off Louisiana's coast) has an abundance of shrimp and oysters. I guess these numb-nuts in other part of the country (east and west coast) think it is okay to drill in the Gulf with the possibility of screwing up our environment but not theirs. Someone from a non producing oil state needs to explain that to me. They can not because they are too fucking stupid.Quote:
Originally Posted by ConJinx
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Originally Posted by lacarnut
Since when have facts EVER been an issue for leftists??
Right now I'd say Speculation has as much to do with world oil prices as anything else. Especially when dealing with a perceived limited world commodity it pretty much becomes a self fulfilling prophecy. Part of me doesn't blame the speculative mkt for going balls out but part of me wouldn't shed any tears if the spec oil market players took a big hit.Quote:
Originally Posted by Constitutionally Speaking