| Bush lifts executive ban on offshore drilling
Posted: 7/15/2008 12:59:20 AM | One thing I'm not noticing being discussed vis a vis oil prices is the dropping value of the dollar-- not even from the anti-Bush crowd-- because it is largely Bush's fault. The word "liberal" is used as a pejorative meaning out of control spending, yet liberals have nothing on Bush or Reagan in that respect. The chickens of deficit spending are coming home to roost. Even if we did pump our own oil, it would still be sold on the world market, with the low value of the US dollar still acting as a handicap for US consumers.
Oil pumped here has a better chance of winding up in Japan or China than in American cars.
Yup. The "drill now" crowd doesn't like to talk about this fact. And of course the oil companies want to drill now whether it helps Americans or not. I agree with Obama-- we have needed to wean ourselves off of excessive oil consumption, just not quite so shockingly and suddenly. Some use that as an anti-Obama point, but it is not a gaffe in my personal view.
FYI, this is coming from a person who likes gas guzzling vehicles-- I like V-8 engines and WWII era aircraft-- collossal in their ability to burn gasoline in mass quantities. In short, they convert gasoline into pure fun and beautiful music! But the party is quickly coming to an end...
"I strip away the old debris, that hides the shining car
A brilliant red Barchetta, from a better, vanished time
Fire up the willing engine, responding with a roar!
Tires spitting gravel, I commit my weekly crime..."
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| Bush lifts executive ban on offshore drilling
Posted: 7/15/2008 1:59:47 AM | One thing I'm not noticing being discussed vis a vis oil prices is the dropping value of the dollar
Imports are the problem, and in this case it's Oil. We pay 4 times the annual cost of the Iraq war by importing oil alone. How would that not kill the dollar? It's a symptom, not the cause.
Oil pumped here has a better chance of winding up in Japan or China than in American cars. *rolling my eyes*
We are importing more than twice the amount we extract. So I really doubt we're still exporting oil. However I'm sure we are exporting other fossil fuels like coal, natural gas, and refined oil products.
Also speculators follow trends, and they don't create them...so people should stop blaming them. They are simply folowing a symptom... | |
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| Bush lifts executive ban on offshore drilling
Posted: 7/15/2008 2:55:28 PM | | Every time the price of oil drops, Bush's friends and family lose money in the stock market. Bush's agenda is to keep oil prices high. That may turn out to be his only success as president. | |
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| Bush lifts executive ban on offshore drilling
Posted: 7/15/2008 3:15:29 PM |
We are importing more than twice the amount we extract. So I really doubt we're still exporting oil. However I'm sure we are exporting other fossil fuels like coal, natural gas, and refined oil products.
We are still exporting oil it gets better prices offshore then it does in the US the problem here once again is reality vs the bullcrap people who are too lazy to research believe.
The problem is not refining or supply it is completely artificial so no amount of drilling or refining is actually going to change squat. The problem is the dependence on oil period we are in a situation were we have given the oil industry the belief that the demand is infinate and so they can charge whatever they like and we will not only pay it we will do whatever they want us to do on the possibility they will change their minds. The reality of the matter is that oil no matter who is providing it is going to run out thought it is not there yet. We are far better served finding ways to reduce our dependence now while the pain and impetus's is there then to waste what reserves we might have and need for things like plastics later.
There is still more oil comming out of the ground then can be refined.. most of the refining is in the hands of the american oil companies even though they don't hold the oil itself. American industries such as Haliburton are the ones who do the drilling and refining for everyone so ultimately who do you think has been playing this shell game learned from Enron hmmm???? | |
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| Bush lifts executive ban on offshore drilling
Posted: 7/15/2008 4:30:08 PM | Might anyone on this forum, and I stress anyone ... come up with a figure as to how the current 'oil leases' are purchased and at what term? In other words the price that the government demands for the lease, and the term limits in how long the grantee gets to hold that lease in time?
It is my understanding that oil leases are most probably based on the economics of oil in the 80' and possibly the 90's when oil flucuated between $10 to $30 a barrel, but perhaps that is wrong. Secondly it is my understanding that an oil lease on public land does not have any component attached for revenue sharing of the production value of the developed resource, and again my understanding of this might be dead wrong.
What I am wondering here is that other oil exporting countries sign production leases with the oil majors wherein for every barrel of oil pumped they are compensated on a percentage basis of the value of the oil extracted ... and what is good for the goose must be good for the gander here ... meaning that for every barrel pumped should not Americans be compensated for the value of the oil that truly belongs to us all? And correct me if I am wrong but I don't recall ever getting a check for my cut of the action, nor even a mention in any governmental accounting of how much money has been so-far received nor an accounting for how that money might have been spent nor specified for what use those funds were applied.
I suspect that all the current palaver about granting oil leases now is just a scheme for the oil majors to get them locked up on the cheap, based on an antiquated accounting method and former historic values that grossly underestimates their current value or future worth.
My point is I would prefer holding out on granting such leases until it be publicly demonstrated that we are in fact getting a fair deal and that any proceeds be used for the purposes of the common good preferably in the public domain of research and development of alternative energies, not distributed as grants for private research.
caw | |
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| Bush lifts executive ban on offshore drilling
Posted: 7/15/2008 6:00:22 PM |
Every time the price of oil drops, Bush's friends and family lose money in the stock market
Thats B.S. because other nations get most of the money. I also can't find any real energy plan on the DNC website. All they do is complain that Bush is loaded with double talk.
They say there will be no logic to drilling, because it would take 5-10 years to gain any benefit from it. By that twisted logic we shouldn't go to college unless we get our degree and a job the second we walk in the front door. Like school it will be an investment of efffort, time and money.
If we never take action, we will never benefit from it. Drilling only is part of the solution. There is no smoking gun. | |
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