Re: Offshore Drilling

^ to add, i just read that as soon as bush started talking about drilling in the gulf, the price of oil for august dropped 9 dollars.

hell. we don't even have to drill. just get him to keep talking like that!

Re: Offshore Drilling

[QUOTE=toasty;624589] Worst thing that could happen, IMO, would be that we start doing off-shore drilling tomorrow, we see a modest drop in oil prices to some number that we would have found slap-yo-momma offensive 1 year ago, everyone starts high-fiving and stops trying to come up with a long-term solution, and then we find ourselves even more fucked than we are today when demand catches up in a year or so and we're out of options.
[/QUOTE]

[QUOTE=88Mariner;624649]^ to add, i just read that as soon as bush started talking about drilling in the gulf, the price of oil for august dropped 9 dollars. [/QUOTE]

Well, to quote Winston Wolf, let's not start sucking each other's dicks quite yet. ;) A $9 drop, a $19 drop, even a $49 drop takes us to a number that we would have been pissed to see a year ago when oil was below $75/barrel. We can't take our eye off the ball vis-a-vis the bigger problem because we've seen a modest drop in price in the short term. We still have to press ahead with the development of alternative sources of energy.

Re: Offshore Drilling

[quote=Garrick;624477]^ are you kidding me? it isn't about running out of oil man. it is about becoming less dependent on foreign energy from the crazy middle east, helping our US economy and eventually lowering/stabilizing the prices of gas.

not to mention we are talking about offshore oil drilling, so the precious polar bears that everyone thinks are endangered won't be harmed. if something catastrophic happens, it happens. but it would be due to negligence. outside of the exxon oil tanker driven by a drunken [I]negligent [/I]captain there have not been any catastrophic events due to oil drilling offshore. it is safe and does not harm the environment.

and please don't start with the oil company controlling everything bullshit. do you knw what a profit margin is? there is a huge difference between profit and profit margin. the oil companies are hurting just like we are. lord knows with the price of oil today, they aren't making a lot of money. if they can drill for oil, they stand to make some profit. so sue them! they are a freakin business and businesses try to make money.[/quote]

First of all I never said I hate oil companies. And I never even spoke about oil companies controlling everything. So I was curious if you wanted to discuss the topic or just be belligerent. Whatever help you sleep at night brother. Oil prices are up 500% since the bush administration has come in. Now I suppose that has nothing to do with Bush and has more to do with OPEC but what you have to understand is that your government is in control of everything that goes on in the entire western world. (I'm going to stop there)

Also a little history lesson here for you. Who started drilling in Saudi Arabia or the middle east for that matter?? Who brought the technology to do the drilling the middle east. Standard Oil brought that technology to the middle east and were making the majority of the profits. That company was split up by the US government and turned basically into Exxon Mobil. So without wasting more of my time educating you on how the oil gets here my point is that the oil coming from Saudi Arabia isn't foreign at all when the board members are US citizens on the Exxon Mobil board.

So don't be fooled by the propaganda of "Foreign Oil" it is no different then "smoking gun" that was used earlier to get you guys into that stupid war in Iraq which is also about oil. Also just so you know Corporations dictate new policies. Here is the article from Exxon Mobil's site explaining how Alaskan contracts have already been awarded even though the ban was lifted that same day.

[URL]http://www.businesswire.com/portal/site/exxonmobil/index.jsp?ndmViewId=news_view&ndmConfigId=1001106&newsId=20080714006192&newsLang=en[/URL]

[URL]http://africa.reuters.com/world/news/usnWAT009780.html[/URL]

Wow what are the odds the exact same day Bush lifts the ban the contracts have already been awarded to do more drilling in Alaska. Do you know how long that takes to work deals like that out?? Probably not but I will inform you it takes a very long time.

Also your asking me if I know what a profit margin is?? Listen junior I am very sure I have a better grasp then you of what business is all about.

Re: Offshore Drilling

[quote=runningman;624921]

Also your asking me if I know what a profit margin is?? Listen junior I am very sure I have a better grasp then you of what business is all about.[/quote]

It appears he is 2 years your senior. ;)

Re: Offshore Drilling

[quote=88Mariner;624501]Toasty, you're right. but you know what? They were saying that 6 years ago, too. 6 years ago, They were saying it would take 6 years for it to be worth while. And he were are, having done nothing. And so, by continually saying "it's going to take to long" is not a legitmate argument anymore. Particularly not when we need to focus on becoming more independent ourselves and particularly when shipping oil across seas is givng the alley-oop to the greatest environmental disasters we could cause just short of nuclear meltdowns.

I completely agree with you on the strategic reserves. If our tax money should go to anything, it should be about building more reserves and buying more oil at this price.

Runningman....i recommend sticking to reading books. economic books.[/quote]

Thanks I will keep that in mind.

My recommendation for you would be to research more oil companies and big business so you can have a clue of what your talking about.

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[quote=Lorn;624923]It appears he is 2 years your senior. ;)[/quote]

And I have owned my own company since I was 21 which is doing fine so age has nothing to do with it.. If that was the case we would vote in the oldest man in the world since he is the smartest..

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i think i'll pass. thanks. if ignorance is bliss, then you've convinced me to stay away from reading.

Re: Offshore Drilling

[quote=runningman;624927]And I have owned my own company since I was 21 which is doing fine so age has nothing to do with it.. If that was the case we would vote in the oldest man in the world since he is the smartest..[/quote]

Ah. I see.

Re: Offshore Drilling

What are the environmental hazards of off-shore drilling?

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[quote=runningman;624921] Also your asking me if I know what a profit margin is?? Listen junior I am very sure I have a better grasp then you of what business is all about. [/quote]

wow.... there's no need to get hasty. i am glad you know the difference, but you'd be surprised how many people do not.

Re: Offshore Drilling

runningman - chuck norris in disguise.

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i was thinking nancy pelosi in disguise.

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chuck norris with a vagina?

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haha, something like that. i always thought he had a vagina anyways. :lol:

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runningman?

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[quote=thesightless;614891]shoulda been done a long time ago.[/quote] [B]^[/B] [B]|[/B] [B]|[/B] [B]|[/B] [B]THIS.[/B]

thanks to all these damn tree-hugging hippie Democrat liberal environmentalists, we do all that we can to impede any substantial investment in new energy capacity, whether through oil, coal, or nuclear energy.

And now we're thoroughly FUCKED, importing almost 70% of our oil from foreign countries that hate out guts at $140+ per barrel, and who knows how much higher in the future.

Thanks, Ted Kennedy! hope you and your damn f*cking spotted owl are sleeping soundly at night :evil:

just fucking stupid, is all I have to say.

Re: Offshore Drilling

yet, a lot of the leased land is unexplored - keyword: unexplored. Meanwhile, the oil companies have been drooling over ANWR for years despite the amount of unexplored leased land that is available, and there is no shortage of that land. First this whole thing was blamed on speculation, then it was blamed on growth in developing nations (which was reportedly slowing, not increasing), then it was blamed on the Israel/Iran fiasco. Anyone notice a trend here?

Re: Offshore Drilling

[QUOTE=Localizer;625219]First this whole thing was blamed on speculation, then it was blamed on growth in developing nations (which was reportedly slowing, not increasing), then it was blamed on the Israel/Iran fiasco. [/QUOTE]

Well, those things aren't really mutually exclusive, and are probably actually connected. The speculation is fueled (no pun intended) by the realization that growth in developing nations is will cause a steadily increasing demand curve, and by concerned about supply due to the instability of the middle east.

Re: Offshore Drilling

Ya fuck sorry I have been so hasty lately my stress level is at a max right now... I'm super confrontational right now..I just read what I wrote and I have to admit it was pretty damn harsh.. my bad.. just having a couple rough months here...

I came across this yesterday

[URL]http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_a.htm[/URL]

Canada has actually overtaken Saudi Arabia and Iraq put together.

Re: Offshore Drilling

[quote=runningman;625328] I came across this yesterday

[URL]http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_a.htm[/URL]

Canada has actually overtaken Saudi Arabia and Iraq put together.[/quote]

please mail cheques directly to me. ohh and denominated in canadian dollars or euros, please. don't want usd ;)

in all seriousness...transcanada and conoco just announced a 500,000 bbl/d pipeline to the gulf from alberta. only gonna cost $7 billion...

Re: Offshore Drilling

[quote=runningman;624921]First of all I never said I hate oil companies. And I never even spoke about oil companies controlling everything. So I was curious if you wanted to discuss the topic or just be belligerent. Whatever help you sleep at night brother. Oil prices are up 500% since the bush administration has come in. Now I suppose that has nothing to do with Bush and has more to do with OPEC but what you have to understand is that your government is in control of everything that goes on in the entire western world. (I'm going to stop there)

Also a little history lesson here for you. Who started drilling in Saudi Arabia or the middle east for that matter?? Who brought the technology to do the drilling the middle east. Standard Oil brought that technology to the middle east and were making the majority of the profits. That company was split up by the US government and turned basically into Exxon Mobil. So without wasting more of my time educating you on how the oil gets here my point is that the oil coming from Saudi Arabia isn't foreign at all when the board members are US citizens on the Exxon Mobil board.

So don't be fooled by the propaganda of "Foreign Oil" it is no different then "smoking gun" that was used earlier to get you guys into that stupid war in Iraq which is also about oil. Also just so you know Corporations dictate new policies. Here is the article from Exxon Mobil's site explaining how Alaskan contracts have already been awarded even though the ban was lifted that same day.

[URL]http://www.businesswire.com/portal/site/exxonmobil/index.jsp?ndmViewId=news_view&ndmConfigId=1001106&newsId=20080714006192&newsLang=en[/URL]

[URL]http://africa.reuters.com/world/news/usnWAT009780.html[/URL]

Wow what are the odds the exact same day Bush lifts the ban the contracts have already been awarded to do more drilling in Alaska. Do you know how long that takes to work deals like that out?? Probably not but I will inform you it takes a very long time.

Also your asking me if I know what a profit margin is?? Listen junior I am very sure I have a better grasp then you of what business is all about.[/quote]

Your statements really boggle the mind. Here's a little history lesson...

The company that runs the oil in Saudi Arabia today is a company called [I][B]Saudi Aramco[/B]. [/I]That company was originally founded by US company Standard Oil, but it went through numerous ownership changes. In 1973 the Saudi Arabian government took a 25% stake in the company and eventually increased it to [I]full ownership[/I] by 1980. That means that Saudi Aramco today is a [U]state-owned enterprise[/U]. Forget the Exxon boardmembers controlling it, it is now completely owned by the Saudi Arabian government.

[URL]http://en.wikipedia.org/wiki/Saudi_Aramco[/URL]

Furthermore, why do you first concede that OPEC probably has more to do with the oil prices than Bush, and then you turn around and suggest that US controls all of the "Foreign Oil"? These two statements are illogically at odds with one another.

The reality is that the US does not control oil prices or OPEC. Oil prices are ultimately determined via global commodity markets through the matching of supply and demand - and OPEC controls a lot of that supply. I'll leave you to google that stuff on your own.

Re: Offshore Drilling

[quote=Miroslav;625410]Your statements really boggle the mind. Here's a little history lesson...

The company that runs the oil in Saudi Arabia today is a company called [I][B]Saudi Aramco[/B]. [/I]That company was originally founded by US company Standard Oil, but it went through numerous ownership changes. In 1973 the Saudi Arabian government took a 25% stake in the company and eventually increased it to [I]full ownership[/I] by 1980. That means that Saudi Aramco today is a [U]state-owned enterprise[/U]. Forget the Exxon boardmembers controlling it, it is now completely owned by the Saudi Arabian government.

[URL]http://en.wikipedia.org/wiki/Saudi_Aramco[/URL]

Furthermore, why do you first concede that OPEC probably has more to do with the oil prices than Bush, and then you turn around and suggest that US controls all of the "Foreign Oil"? These two statements are illogically at odds with one another.

The reality is that the US does not control oil prices or OPEC. Oil prices are ultimately determined via global commodity markets through the matching of supply and demand - and OPEC controls a lot of that supply. I'll leave you to google that stuff on your own.[/quote]

The reality is your Wrong. Your right about that one company. Check my last thread which states that more barrels of oil are coming from Non OPEC Members. So if the majority of oil is coming from non OPEC'ers then non OPEC'ers would have the biggest say.

Canada in 2007 exported 885,366 (in thousands of barrels) to the USA Saudi Arabia exported 543,508 (again in thousands of barrels) to the USA

Even look at the monthly chart Canada is blowing Saudi Arabia out of the water

April 2008

Saudi Arabia- 43,867 barrels in thousands Canada - 76,019 barrels in thousands

Which means put Venezuela and Sadi Arabia and you get Canada without Saskatchewan. Again think in a couple years when Sask. is up and running. THe wheels are already in motion on Sas. and have been for a few years now.

Canada is slowly becoming the monopoly on oil. Once we start pumping out Saskatchewan (which is right next to Alberta) We will be pumping double that number. They have found more oil under Saskatchewan then Alberta.

So my real point here is that it is just propaganda what Bush was saying "foreign oil" as he did with "smoking gun" when in reality it is just about giving oil companies more land and now water (LOST Treaty). Also as far as oil companies not pulling in a profit:

[URL]http://www.nytimes.com/2008/02/01/business/01cnd-exxon.html?_r=2&hp=&adxnnl=1&oref=slogin&adxnnlx=1216321241-zjVglL9g1wXVZQmKLSq2Zg&oref=slogin[/URL]

So that pretty much shoots that one down to.

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[QUOTE=runningman;625447]The reality is your Wrong. [/QUOTE]

The really real reality is, you know all this stuff about oil, but nothing about "your" and "you're" :EatMe:

Re: Offshore Drilling

[quote=Jenks;625449]The really real reality is, you know all this stuff about oil, but nothing about "your" and "you're" :EatMe:[/quote]

I know English was my worst class in school...:lol::lol:

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It's painfully obvious. ;)

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[quote=Jenks;625449]The really real reality is, you know all this stuff about oil, but nothing about "your" and "you're" :EatMe:[/quote]

:lol::lol:

Re: Offshore Drilling

[quote=runningman;625447]The reality is your Wrong. Your right about that one company. Check my last thread which states that more barrels of oil are coming from Non OPEC Members. So if the majority of oil is coming from non OPEC'ers then non OPEC'ers would have the biggest say.

Canada in 2007 exported 885,366 (in thousands of barrels) to the USA Saudi Arabia exported 543,508 (again in thousands of barrels) to the USA

Even look at the monthly chart Canada is blowing Saudi Arabia out of the water

April 2008

Saudi Arabia- 43,867 barrels in thousands Canada - 76,019 barrels in thousands

Which means put Venezuela and Sadi Arabia and you get Canada without Saskatchewan. Again think in a couple years when Sask. is up and running. THe wheels are already in motion on Sas. and have been for a few years now.

Canada is slowly becoming the monopoly on oil. Once we start pumping out Saskatchewan (which is right next to Alberta) We will be pumping double that number. They have found more oil under Saskatchewan then Alberta.

So my real point here is that it is just propaganda what Bush was saying "foreign oil" as he did with "smoking gun" when in reality it is just about giving oil companies more land and now water (LOST Treaty). Also as far as oil companies not pulling in a profit:

[URL]http://www.nytimes.com/2008/02/01/business/01cnd-exxon.html?_r=2&hp=&adxnnl=1&oref=slogin&adxnnlx=1216321241-zjVglL9g1wXVZQmKLSq2Zg&oref=slogin[/URL]

So that pretty much shoots that one down to.[/quote]

I never said anything about Canada. Yes, I readily concede that OPEC is not the only source of oil on the planet. You made a statement suggesting that US company boardmembers control oil in Saudi Arabia, and I was just pointing out that your statement was, to put it politely, silly.

By the way, from our perspective in the USA, Canada is technically a foreign country :lol: So it is still in fact "foreign oil". :EatMe:

Re: Offshore Drilling

[quote=runningman;625447] Canada is slowly becoming the monopoly on oil. Once we start pumping out Saskatchewan (which is right next to Alberta) We will be pumping double that number. They have found more oil under Saskatchewan then Alberta. [/quote]

No and no. 'pumping' out of sask is gonna take quite awhile to come online in any appreciable amount (think 5+ years), and there are 178 [B]billion[/B] barrels of proved reserves in alberta. there is nowhere near that amount in sask, though there is definitely alot of oil there, no question.

most of the ramp up in production to the states will come from alberta and offshore east coast in the next few years. sask and other provinces will start adding to this in 5-10 years.

Re: Offshore Drilling

[quote=toasty;625319]Well, those things aren't really mutually exclusive, and are probably actually connected. The speculation is fueled (no pun intended) by the realization that growth in developing nations is will cause a steadily increasing demand curve, and by concerned about supply due to the instability of the middle east.[/quote]

Yet it peaked J4 weekend, one of the busiest holidays of the year and coincidently when israel/iran were playing pocket pool with each other.

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See shit happens sometimes..

[URL]http://rawstory.com//news/2008/Collision_between_tug_tanker_closes_Mississippi_0723.html[/URL]

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the truth is that if the three north american nations (including mexico here) were to invest in their own oil feilds, which are numerous, but protected by silly laws, we could have our own cheap supply for a efw hundred years, within 5-10.

proven oil feilds are to be found throughout the central plains and rockies as far south as central mexico and all the way up to the permafrost which holds more oil itself than the middle east (we just cant find a way to extract it.)

Re: Offshore Drilling

bump. Just curious if recent events have changed anyone's take on this.

Re: Offshore Drilling

[QUOTE=thesightless;627948]the truth is that if the three north american nations (including mexico here) were to invest in their own oil feilds, which are numerous, but protected by silly laws, we could have our own cheap supply for a efw hundred years, within 5-10.

proven oil feilds are to be found throughout the central plains and rockies as far south as central mexico and all the way up to the permafrost which holds more oil itself than the middle east (we just cant find a way to extract it.)[/QUOTE]

qft

Re: Offshore Drilling

zpr

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xnl

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stfu

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[IMG]http://i43.tinypic.com/acrdc9.png[/IMG]

[URL="http://www.cbsnews.com/video/watch/?id=6490348n&tag=contentMain;cbsCarousel"]:Part 1: [/URL]

Part 2 can be found on the same page...

Complete coverage with additional videos, etc can be found[URL="http://www.cbsnews.com/2718-201_162-558.html?tag=cbsContent;cbsCarousel"] here. [/URL]

Re: Offshore Drilling

after viewing part 2 i am really pissed off !!

Re: Offshore Drilling

^Me too Chuck, me too... BP seems like heartless scum.

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What I saw on the news last night even makes me more irate than watching those videos.

They said BP could easily fix this entire problem with explosives. They could use exploseves to blow up the well which would cap off the leak all together. They said they dont want to do this because of all the money that has alrady been invested and obviously the oil they would lose out on.

Where is our government in this??? Why arent we sending the military over there to blow up this thing so that it can be sealed off. F*** BP and there billion dollar profits...Obama would be a hero if he had the balls to make a call like this.