PickensPlan

Drilling is NOT a solution!!!!!

Why people cannot understand drilling today we will only see the first barrel of oil coming out of the ground in more than 5 years? You need to get all the infrastructure built before start drilling. Jeez....

Drilling will not lower that price of gas tomorrow. If it does it just to show the oil price is all speculation. Drilling will only make oil companies rich. The ANWAR oil reserve is equivalent to what US uses in about 6 months. When that is gone what you're going to do?

Short term solution is conservation. Use less oil. Use less gas. We need to stop this addiction!

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Permalink Reply by Steve on September 25, 2008 at 7:59pm
There's been a lot of talk about drilling and little about the details. As I understand it, the oil leases would allow oil companies the right to drill for oil but, (this is a BIG but) the oil would be sold on open INTERNATIONAL market. So, OUR oil could and more than likely, be sold to other countries and not used for our consumption.

What we need is to have a NATIONAL oil company that works as a NOT FOR PROFIT so that the oil we get is OURS AND OURS ONLY!

I'll let the neo-cons flame me on this one.....

Peace
Permalink Reply by NKYCarbon on September 25, 2008 at 8:03pm
China buys up the rights for entire supplies of wells. Am I saying the idea is a bit communist. Well .. err .. here is the point.... When they do this they get the oil .. no market flucuations. I would suspect China hasn't been doing that this year since no one in there right mind would limit the options on thier well at these prices. And even better than that China bought those wells with the money we gave them for leaded toys :)
Permalink Reply by Steve on September 25, 2008 at 8:04pm
There's been a lot of talk about drilling and little about the details. As I understand it, the oil leases would allow oil companies the right to drill for oil but, (this is a BIG but) the oil would be sold on open INTERNATIONAL market. So, OUR oil could and more than likely, be sold to other countries and not used for our consumption.

What we need is to have a NATIONAL oil company that works as a NOT FOR PROFIT so that the oil we get is OURS AND OURS ONLY!

I'll let the neo-cons flame me on this one.....

Peace
Permalink Reply by John Carminati on October 16, 2008 at 10:31pm
You forgot to add produce less products, have less jobs, become a second rate country.
Conservation is good but also not a solution. We need to keep our energy resources strong while moving to new ones.

Drilling is an answer. It is not the long term solution and it will outlast my children but maybe not my grands.
I don't care if it makes the oil companies rich. We are the oil companies. 65% of US citizens own stocks in their IRAs, 401Ks, 403Ks, mutual funds, .... People seem to think all that money goes to one guy somewhere. Oil companies provide a very useful service that we would be nowhere without. Do you know that the government (federal and state) gets more than twice what the oil companies make?

Of course, oil prices are very heavily influenced by speculation. Why else would the price fluctuate the way it has over the past year. Where did you get the ANWAR numbers. Go to Wikipedia.org and read about ANWAR. Estimates on barrels in the ground are usually low and they report 5 to 16 billion barrels. I think the US uses 21 million barrels per day. They show estimates on barrels/year through the year 2030. Such as:"The United States Department of Energy estimates that ANWR oil production between 2018 and 2030 would reduce the cumulative net expenditures on imported crude oil and liquid fuels by an estimated $135 to $327 billion (2006 dollars), between 2018 and 2030, reducing the foreign trade deficit."
Permalink Reply by Richard on December 19, 2008 at 3:58pm
Funny, people I know had a well dug in their backyard (300 acres) last year, Pumping oil in under 2 months. You must be an idiot.
Whether it lowers the price is not as important as whether the $$$ goes overseas.
But for the most part, we are just trying to stay even with the production we currently have. Still we must do that, or we import 80% instead of 70%...
Permalink Reply by Hank on January 25, 2009 at 10:30am
This is exactly what the Oil companies want. They know the "drill baby drill" montra is bull s***. But if they can prolong/stall the alternative energy movement until they figure out a way to bury it either politically, legally, illegally, immorally, or unethically, what every it takes big oil are squirming around now trying to stop the inevitable" Alternative renewable, cleaner Energy" The Bush administration, knowing quite well they were going to loose the White House, the House, and the Senate, purposely sent the world financial markets into a frenzy to spend all the money to make sure there was none left for any Democratic agenda. Now the Republicans are crying for tax cuts in Obamas Stimulus plan, why didn't bush cut the middle class taxes instead of giving big oil 4 billion dollars in taxbreaks. He had 6 years to do it. Obama will find plenty of money. He will stop the defense industries rape of the tax payers money buy ending this sham of a war. He will remove the unnecesary tax breaks for a very rich and healthy oil industry. Exxon Mobil got billions of taxpayer tax dollars, what do we get for it? Exxon Mobil is 10-15 cents per gallon more expensive than every other gas station in my area.

Oil and gas are not cheap now because of demand, supply or any other excuse they keep spouting on FOX NETWORK. It is because all the rich oil fatcats, and the rich Bush/Reagan/Cheney Cartel have all pulled their money out of oil futures. Your are correct it is all Speculation. Natural gas is only a small part of the sollution. They charge too much for natural gas. Clean free Solar, and Wind are the only answers we should be focusing on. We can not count on anything that will be marketed on the futures market, or become a commodity. Solar Panels once purchased will last 30 years. When they come down in price , as they will the more society adopts them, we will all have them.

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