Home Forums Hunting & Shooting Hunter's Campfire Who here really thinks domestic drilling lowers the price of oil/gas?

Another note, algae production from ponds wasn't as productive as they hoped. However, in greenhouses it has proved to be more constistant and reliable. Exxon has recently invested several million dollars in greenhouse production.

Kevin,


One of the things which have lead to the Oil Price swings are the perception of disruption not a real disruption and not a current shortage.

Drilling in the US where the political and �security� environment is relatively stable will help alleviate some of those fears and help hold prices down� especially for West Texas Intermediate.

And while you have a point about the proven reserves in the US I don�t for a second believe we have a clue how much is yet to be discovered.

All that said, the �yet to be discovered oil� may be more costly to get and may take a while to develop those fields.

IMO

One of my favorite conservative business hero�s has it right; Fredrick Smith of FedEx. He sees energy independence as a national security issue and so do I; which is why I�m so passionate about getting the US off of foreign oil. For every $10.00 that oil goes up, our GDP takes a .02% hit (http://www.eia.doe.gov/oiaf/aeo/otheranalysis/aeo_2006analysispapers/efhop.html )
Put another way, every time oil goes up by $100.00, $75 billion exits our economy and is diverted to pay higher energy costs. Do you really want to continue along these lines?

You can find most of what I espouse here: http://www.secureenergy.org/energy-security-leadership-council/frederick-w-smith
Fred Smith is a leading conservative business man, and one of the largest consumers of energy on this planet; he might know a thing or two on the subject of energy. In short, the idea to use fossil fuel only for the things that can be run only with fossil fuel, big trucks and jets. For the rest, turn to
For highly urbanized areas, switch to electric. For suburban to rural areas a mix of gas/natural gas/bio & biomass fuel/electric hybrid. There are a number of very promising new technologies out there for alternative fuels; use them.
Switch the Northeast away from heating oil, to electric heating of their homes. Build more renewable electric plants, make use of tidal wave technology as a baseload supplement to Coal and Nuclear. And of course, don�t forget that we will always need coal and nuclear; but do whatever you can to minimize the use of coal and nuclear so as to minimize their undesirable side effects.
The idea is to make use of ALL technologies; rather than hang our hat on one (and we�re being screwed by that one technology now)

You make a point about current electric vehicle technologies; very valid point. But that technology is in its infancy and has a very promising future; invest in that future. If we get serious about investment in a future that sees the US energy self sufficient, the US can give the middle finger to the middle east (show my one American who doesn�t want that), and transform our economy into a robust economy free from foreign threat. We could reduce the size of our military significantly as we no longer have to keep the Middle East stable; they can take care of themselves. We would be energy independent, have a great economy, and safe from outside threats to our economy and way of life.

This is 100% doable, but conservatives need to join in with leading conservatives like Fred Smith and make this happen. Liberals won�t do it.

I have a saying, fundamentals set the course (bull or bear market), and technicals (speculators) set the price.

While the technical investors making speculations on the market can and do drive prices up, they only capitalize on an already established trend set by the fundmentals of the market. If the funamentals were't pointing to a higher price, then the fundamental investors would have stepped in and corrected the market from the speculators (which happens all the time).

I'm all for drilling every well we can drill. It's our lifeblood here in W TX with 400 rigs drilling here now. The very first thing that needs to be done is to take crude oil, natural gas, and fuels off of the NYMEX and go back to a strictly supply/demand based price. Take the speculators out of it completely. At least it would give the industry some price stability to work on their long range drilling plans. This $145 then down to $30 oil price was ridiculous and uncalled for.

Or we could just take America's demand out of the equation... and NEVER have to rid this train again.

I'll take a different tack.

Given that it's a finite resource, the wise long term plan seems to this lunk to be to continue to buy other people's oil, since we can afford it, and reserve our own reserves for the future, when the finite resource begins to tap out and things get desperate.

There are various estimates of when the world will begin to get real desperate for oil, but we KNOW that day is coming. Why not absorb a little pain now in the form of MAYBE slightly higher prices, while husbanding what we can of the resource, for the wee 'ittle children of the future?

I know, I know... crazy talk. Our needs RIGHT NOW trump any future generations needs.. just look at our economic and environmental policies for proof...

"Nameplate Capacity" is an official term in the production business and based on the plant design. It's typically a production rate such as gallons per minute or gallons per day, etc. Obviously the plant doesn't run 24/7/365 so the actual rate will be something less than the annual nameplate capacity.

That's also known as the 'hide under the rug' approach.

Stability? While states and feds may play with the tax structure, no-one is going to "nationalize" the fields. Obama would love to, but it ain't gonna happen. Spot-market speculators, as noted, have a large influence on it.

Also to be considered in the domestic-drilling equation are the benefits of jobs in our sphere, and the well being of Alaska's Permanent Fund. (Screw the rest of you. :))

Oh, and NoDak/NE MT area is BOOMING!

While I agree 100% and have been preaching the same thing for years - good luck. There is one solution to the price of gasoline: Competition.

However, in addition to all the politics of competing with oil, all competitors will be faced with the same and seemingly insurmountable problem of infrastructure.

I got brainwwashed in college in 1971 that by 2000 all fossil fuel would be exhausted and 20% of the earths population would be killed by pollution. IIRC that was a full up professor and the book was "The limits of growth".
I came out of there and built a super insulated solar house and 5,000 sq ft garden. When I started doing consulting engineering, I had to be fastidious about what I knew and why I thought I knew it. I suddenly realized I have all kinds of perceived risks affecting my values, that should have been calculated risks.
Having designed all kinds of solar and wind powered alternative energy equipment in the early 80s, I now believe in a completely market driven energy policy.
I know some people that own oil wells. I know some people that speculate in oil futures. I am fine with all of them.
I play a game at the gas pump. I look for someone who can hear me and say, "This is getting expensive".
I almost always get and angry response.
The way that politics works is:
1/3 of the electorate is well informed and committed liberals.
1/3 of the electorate is well informed and committed conservatives.
1/3 of the electorate is ill informed and uncommitted independents.
Those independents seem to really care about gas price.
I hope gas gets really expensive so we can get rid of Obama.

Per Mark Levin, who is Jewish and therefore is smarter than most of us...

20% of the electorate identify theyselfs as liberals
40% of the electorate identify themselves as conservatives
The rest are up for grabs.

By the way, unlike Obongo I am not angry at Jews. I am angry at the Obongo admin and its rayciss and pro commie policies.

Mark Levin has dwarf genes.
I have big muscles.
Who you gonna believe?

You are a retard. Read up on the issue.

First you said you "work in the industry" and now you say you "buy oil". Well I buy oil too dumbass.

It seems you started this thread just to cause arguments.

Moderators, I think this gentleman is abusing the forum.

Michelle Obongo has big muscles too.

Maybe I hsould believe her/it.

No Kevin is not abusing the forum, he is just someone trying to disabuse some of you of your inaccurate assessment of our true energy situation. It isn't pretty, it isn't easily understood, and it isn't easily addressed.

This annoys some to no end. We aren't used to having problems that can't be solved (or at least present the appearance of being solved) with demagoguery and bluster.

So we get threads like this one where imaginary theories and conjured facts get tossed around like so many poker chips. The biggest liar ends up making more talking points and declares himself the winner. :p

Will

There are several reasons we should drill domestically:

Oil prices are based on supply and demand, increasing the worldwide supply, prices drop

Oil field workers are highly paid, why wouldn't we want as many highly paid American workers, working in American?

The Fed and various State governments collect royalties on oil, why wouldn't we want to reduce our personal tax burdens by having part of the cost of oil going to the US fed and state governments vs. foreing governments?

More importantly, what compelling reasons do have not to increase domestic production?

Electric heat cost about double than what fuel oil does.It is triple what natural gas cost.At least here in Colorado.To say the NE should switch to electric heat shows a very nieve assessemnt of the problem. Everyone says to switch to electric cars,but no on ever admits to what it takes to produce electric to charge them with. Wind turbine and solar isn't going to cut it.

I'd like to see every oil well sunk that could be both on and off shore. But the enviornmantalist are not ever going to let that happen.Thier position to solve the problem is to let gas rise to $10 a gal and then people will stop using it.

China and India will suck up every gal of oil that the US does not buy and in the future it wil get worse.Supply will never meet the demand. Most are basing the figures on what is used today,but deny themselves the thought that in a short time the population will double what it is now.

RETARDED.

Natural gas is far cheaper, more efficient, and pollutes less per BTU consumed.



Mandating this is socialism, plain and simple. No wonder I thought I smelled Obongo weenie on someone's breath.