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W begs Congress for Off Shore DrillingFollow

#1 Jun 18 2008 at 7:19 AM Rating: Sub-Default
http://news.yahoo.com/s/ap/20080618/ap_on_bi_ge/offshore_oil

again...

Unfortunately Democrats, controlled by rabid liberals, have no intention of doing this. If Obama is elected get ready for 7$ a gallon, and they'll probably still blame W.
#2 Jun 18 2008 at 7:54 AM Rating: Excellent
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I think the Democrats have it wrong on this one and should begin opening offshore regions for drilling. I also want to see a large push for nuclear power plant development, perhaps via joint venture with France or Japan to borrow from their collected expertise and assist in training operators.
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#4 Jun 18 2008 at 12:43 PM Rating: Excellent
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Varrus's **** & vinegar dries up in a hurry when someone agrees with him Smiley: laugh
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#5 Jun 18 2008 at 1:23 PM Rating: Good
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Didn't McCain say he was dead set against Off shore drilling the other day???
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#7 Jun 18 2008 at 1:40 PM Rating: Good
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Paula,

You're hearing sh*t again.

Quote:

On a campaign stop in Greensdale, Wisconsin, the Senator (McCain) suggested that turning to the nation's coast for energy needs would be something of a waste in time and effort and do little to resolve America's broader energy needs.

"[W]ith those resources, which would take years to develop, you would only postpone or temporarily relieve our dependency on fossil fuels," McCain said when asked about offshore drilling. "We are going to have to go to alternative energy, and the exploitation of existing reserves of oil, natural gas, even coal, and we can develop clean coal technology, are all great things. But we also have to devote our efforts, in my view, to alternative energy sources, which is the ultimate answer to our long-term energy needs, and we need it sooner rather than later."
Link

It must be his age... My mum is 68, and she sometimes forgets what she has already said.

Edited, Jun 18th 2008 9:41pm by paulsol
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#8 Jun 18 2008 at 1:43 PM Rating: Default
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paulsol the Righteous wrote:
Didn't McCain say he was dead set against Off shore drilling the other day???


McCain did say he was opposed to drilling in ANWR and offshore drilling... 8 years ago...

Times have changed y'know!


This issue is likely to eclipse all others in the coming election. While of course, I believe Obama will lose anyway (hehe!), he's certainly making his chances much much worse by sticking to his position on this issue. The price of gas has effectively created the perfect wedge issue for Republicans. They don't need gay marriage, or the war, or lapel pins, or any other issues of division. This one alone works for them because it's incredibly simple. You either want gas prices to go down, in which case you support the guys who want to increase domestic supply, or you want it to go up and support the guys who want to increase taxes on the oil companies.


It's just hard to spin this in any way that doesn't make Dems just look bad...
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#9gbaji, Posted: Jun 18 2008 at 1:51 PM, Rating: Sub-Default, (Expand Post) Hah. One more and you get the trifecta!
#10 Jun 18 2008 at 2:10 PM Rating: Excellent
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gbaji wrote:
You either want gas prices to go down, in which case you support the guys who want to increase domestic supply
Well, except that drilling won't make gas prices go down any time soon and, when they do go down, it'll be by a very minor amount.

I support the notion of off-shore drilling because I assume that we won't be fully off oil within a decade and it's useful to build access to it now. I don't have any silly notions that it'll lower gas prices or make the price of oil plunge. It won't and anyone saying it will is either lying or else woefully ignorant. I don't support drilling in ANWR because I think there's better places to drill than environmentally sensitive preserves and refuges. Perhaps one day we'll need to drill in ANWR as a last resort but that's what drilling in national preserves should be -- a last resort.

Edited, Jun 18th 2008 5:11pm by Jophiel
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#11 Jun 18 2008 at 3:22 PM Rating: Decent
Every bit of oil will be drilled up eventually. It is just a question of when and how gracefully it is done. It's a nonrenewable resource (on human timescales) so it is very shortsighted to drill now. Particularly when alternatives abound. It may well be that oil is eventually principally used for aviation, military and sport.

My understanding is that without reprocessing, nuclear is short term. (Fission at least, fusion is not yet ready). So McCain's plan for a massive number of new plants may also be rather short term (unless my info is just outdated) unless we're talking about reprocessing - which I doubt the American public will go for. I think I've mentioned it before, but this has been done (the French did it with superphoenix or something) but the effort was abandoned as cost prohibitive.

Setting aside reprocessing, there is high level spent fuel and storing it all in Nevada isn't going to fly so the politicians will have to do something more palatable such as maybe 10 regional facilities. I think the public just feels it is unfair to dump it all in one place.
#12 Jun 18 2008 at 3:58 PM Rating: Excellent
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He wasn't saying that he opposed offshore drilling.


Quote:
Senator (McCain) suggested that turning to the nation's coast for energy needs would be something of a waste in time and effort and do little to resolve America's broader energy needs.


Whatever you say.....but it didn't sound like a ringing endorsment to me.
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#13 Jun 18 2008 at 4:26 PM Rating: Excellent
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I for one am appalled at the dearth of in-practice alternative energy sources in this country, as well as the lack of affordable high-efficiency vehicles available. I don't care if it's because the economics of the market didn't support it...this is a case where the free market fails. It's driven by self-interest and self-interest doesn't extend beyond one's own lifetime. And now it appears we are woefully behind in development and implementation.


Disclaimer: the above is entirely conjecture and I will supply no supportive references.

#14 Jun 18 2008 at 4:58 PM Rating: Default
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paulsol the Righteous wrote:
Quote:
He wasn't saying that he opposed offshore drilling.


Quote:
Senator (McCain) suggested that turning to the nation's coast for energy needs would be something of a waste in time and effort and do little to resolve America's broader energy needs.


Whatever you say.....but it didn't sound like a ringing endorsment to me.



*cough* That's not a quote from McCain though. That's a bit of editorializing from the author of the article. Read only what's between quotation marks.
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#15 Jun 18 2008 at 5:12 PM Rating: Decent
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yossarian wrote:
Every bit of oil will be drilled up eventually. It is just a question of when and how gracefully it is done. It's a nonrenewable resource (on human timescales) so it is very shortsighted to drill now. Particularly when alternatives abound. It may well be that oil is eventually principally used for aviation, military and sport.


Except that in order to do the necessary R&D to develop those alternatives to the point where they can actually replace fossil fuels, we need to keep using the non-renewable energy sources actively.


Let me present a little thought experiment. What would happen if we reduced our oil and coal use to just enough to keep our citizens alive, but nothing more. We could very likely stretch those resources out for 2 or 3 times as long, but we'd have nothing left over to put into developing alternative fuels. So when they run out, we're screwed.

If we burn a bit more and faster, we can promote a healthy economy which can support the research needed. I think it's shortsighted to insist that we shift to alternatives *now* instead of taking maximum advantage of the relatively cheap cost of oil and coal today while continuing work to make those alternatives more efficient so that they are more viable tomorrow.


Right now, alternatives at their current technological level, could provide about 30-50% of the entire power needs of our country. That's pretty much it. And that's not what they currently provide. That's how much total power we could get out of them if we fully adopted them (ie: grew as much ethonol producing plants as we possibly can, put wind power plants everywhere we can, put solar power plants everywhere we can, etc...). We need much much more if we are to fully remove our need for oil and coal. To do that, we must continue developing more efficient means of utilizing those alternative fuels. That could be genetic engineering to create more efficient biofuels, research into exotic materials to use for solar energy collection, research into super lightweight materials for use in wind or wave power, and that's not including such "future tech" type things like cold fusion, zero point energy, etc...


All of those require some pretty high tech work, which in turn requires an economy capable of supporting said endeavors. You can't do that if you tune your power use down to a subsistence-like level.

It would be truly ironic if at our current energy consumption rate we're say 25 years away from inventing cold fusion or something equally world changing that would allow us to have nearly endless cheap and clean power, but we're so concerned about burning oil and coal that we limit their production and make it so expensive that we're unable to ever figure it out. I'm thinking that a zillion years from now, some alien species would write an entry into their intergalactic encyclopedia about the human race that says something like "Not around anymore cause they were stupid".
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#16 Jun 19 2008 at 6:45 AM Rating: Decent
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I guess the biggest problem I see with drilling off-shore is that it's simply not going to produce enough oil to impact pricing.

It's nice to think that if we (the US) produce more oil, it will reduce the cost of our oil here on US soil, but that's pretty rosy-tinted even for me. Oil companies will still be pricing oil based on world-wide demand, demand that continues to grow at an alarming rate. The amount our currently untapped reserves would add to the big world-wide pool of oil is just too paltry to make much difference. Any difference it may make will likely be off-set by continued increasing demand worldwide.
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#17 Jun 19 2008 at 6:47 AM Rating: Decent
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gbaji wrote:

If we burn a bit more and faster, we can promote a healthy economy which can support the research needed.
Back to Earth boy!
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#18 Jun 19 2008 at 7:10 AM Rating: Good
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hielojh wrote:
If Obama is elected get ready for 7$ a gallon, and they'll probably still blame W.
I'm already seeing almost that up here and we drill wherever we think there might be oil. Everywhere!
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#19 Jun 19 2008 at 7:26 AM Rating: Excellent
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gbaji wrote:
It would be truly ironic if at our current energy consumption rate we're say 25 years away from inventing cold fusion or something equally world changing that would allow us to have nearly endless cheap and clean power, but we're so concerned about burning oil and coal that we limit their production and make it so expensive that we're unable to ever figure it out. I'm thinking that a zillion years from now, some alien species would write an entry into their intergalactic encyclopedia about the human race that says something like "Not around anymore cause they were stupid".
That is honestly one of the dumbest things I've ever seen you type. And it faces some stiff competition.

It'd also be ironic if I decided not to take a short-cut to work every day by walking through some dark alleys and abandoned buildings, not knowing that I'm missing the chance to trip over a Hefty bag full of untracable drug money which would keep me from ever having to work again. Be that as it may, I'm still going to avoid dark alleys knowing that the reality is that I'll just get shived.

Incidentally, it's funny that the "decider" suddenly declines to overturn his father's executive order blocking off-shore drilling and instead decides to say that Congress really needs to do it instead. The reality is that the GOP doesn't care about drilling because they know it won't affect oil prices -- they just want to make political hay before the election.

Edited, Jun 19th 2008 10:28am by Jophiel
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#20 Jun 19 2008 at 7:30 AM Rating: Excellent
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A carry-over from yesterday's nuked thread, Gbaji predicted that oil prices would lose the election for Obama. I'm going to go the other direction. The two most recent polls* show Obama leading in Florida by three to four points. Florida is very much against off-shore drilling for fear of disrupting the tourism industry and ecological fears (which feed back into tourism damage in the event of an oil spill, etc). Note that these polls were taken before yesterday speech by Bush and McCain's switch in positions to match Bush's.

Obama has several paths to electoral victory without Florida. McCain doesn't have any that don't involve Florida. McCain is suddenly promising to fight for something many Florida voters oppose. Prediction: Barring some other major event, McCain loses Florida and the election.

*All the usual caveats about polling five months from the election.

Edit: Trying to make me into a liar, Rasmussen just put out a report directly contridicting me. Smiley: laugh

I see that ARG is still on RCP's shitlist. Their numbers jive with Quinnipiac's though and Quinnipiac is fairly well respected. The average between the ARG, Quinnipiac and new Rasmussen poll is a tie (Obama +0.33%). Excluding ARG, it's McCain +4, within the margin of error and a much closer race than Florida was a few weeks ago.
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#21 Jun 19 2008 at 8:29 AM Rating: Decent
again...

Unfortunately Democrats, controlled by rabid liberals, have no intention of doing this. If Obama is elected get ready for 7$ a gallon, and they'll probably still blame W.
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you really miss the big picture.

1. even if this was authorized TODAY, it would be 5 to 7 years before the first drop of oil was pumped out of these new areas.

2. who do you think would end up footing the bill for the billions of dollars invested to build and support the new oil platforms? yep. you. how? higher gas prices. the gas prices would SOAR for the first 5 ot 7 years before the oil started being pumped out of the ground. it would probably be 10 years MINIMUM before the prices would level off and mabe even start to come down.

3. while this would LESSON our dependancy on foreign oil, it would do NOTHING to curb our soaring energy demands. and eventually, even that oil would run out.

4. oil companies are ALREADY sitting on millions of acres of PUBLIC, read YOUR land they already have leases for that they havent lifted a finger on to develop. they want more but havent even used half of what has already been granted them. what makes you think they have any intention of producing the new fields?

here is economics101.

if you sell 100 percent of your product, and still do not meet the total demand, your product is worth MORE money, ie, you make MORE profit. if you produce more product than there is demand for, your product is worth LESS money and there for you make LESS profit.

the ideal situation is to sell 100 percent of your product for top dollar and only satisfy 80 percent of the demand. why? because you can trade the last 20 percent on the open market to the most desperate of the consumers who might have to go without to keep the price of the other 80 prcent as high as possible. it is better to import the last 20 percent to trade with than produce 100 percent of the demand and have that drop off in the slow season and have the value of your product plunge.

bottom line, its a sucker punch. a play on public hysteria to give the giants the status quo for another 10 to 20 years atleast. it is not only not a good long term solution, it isnt even a good short term solution. all they want to do is buy up the leases and sit on them to use for bargaining chips with each other.

a fact for you. 100 PERCENT of the oil we pump out of alaska today is sold to Japan and other aisian countries. NOT use for U.S. interests. and we want to give them more to sell to other people?

the dems called it right. more oil is not a solution for either long term or short term energy answers.

a better answer is to take that 14 billion dollar tax cut we handed the oil industry and subsidize hydrogen refueling stations for the type of vehical Honda rolled off their assembly line last week. a hydrogen fuel cell/electric car that usses ZERO petrolium products. 14 billion dollars will subsidize alot of gas station upgrades.

thats a much better short term and long term solution. and probably why Exxon is selling all of its company owned gas stations this year. the Honda is being leased right now in this country. nissan just went into partnership with NEC to mass produce lithium ion batteries for their electric vehical.

the solution is not more oil, its getting off oil all together.
#22 Jun 19 2008 at 8:51 AM Rating: Decent
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Obama has several paths to electoral victory without Florida. McCain doesn't have any that don't involve Florida. McCain is suddenly promising to fight for something many Florida voters oppose. Prediction: Barring some other major event, McCain loses Florida and the election.


Said the exact same thing to Nexa a few days ago or whenever McCain started weakly flip flopping desperately. Putting Florida in play is possibly the stupidest thing ever done by a campaign this far out. It's not impossible that it's calculated because they know he's going with Crist and think they can triangulate and not lose Florida because of it. I wouldn't count on that idiot to deliver many votes, though, if that's the case.

They're going to lose Virginia, Pennsylvania, and Michigan. They absolutely have to lock up Florida, and spend a metric asston of money trying to win Ohio to have any chance of not being embarrassed in November. Obama may have this thing won before polls close on the west coast if the keystone cops keep running McCain this way.

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#23 Jun 19 2008 at 8:52 AM Rating: Excellent
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shadowrelm wrote:
4. oil companies are ALREADY sitting on millions of acres of PUBLIC, read YOUR land they already have leases for that they havent lifted a finger on to develop. they want more but havent even used half of what has already been granted them. what makes you think they have any intention of producing the new fields?
Interactive map showing the percentage of lands leased to energy companies versus how much of that land is producing oil/gas.
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#24 Jun 19 2008 at 8:54 AM Rating: Good
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Jophiel wrote:
Interactive map showing the percentage of lands leased to energy companies versus how much of that land is producing oil/gas.
Arizona's doing well.
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#25 Jun 19 2008 at 9:06 AM Rating: Excellent
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Uglysasquatch, Mercenary Major wrote:
Arizona's doing well.
The Pacific Northwest as well.
Smash wrote:
They're going to lose Virginia, Pennsylvania, and Michigan
They have W. Virginia in the bag, though!

Edited, Jun 19th 2008 12:07pm by Jophiel
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#26 Jun 19 2008 at 10:34 AM Rating: Excellent
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gbaji about getting more non oil energe wrote:
..grew as much ethonol producing plants as we possibly can
Are you fucking serious? You do realize that ethanol through corn is a net loss in energy right? Your arguments are usually crap, but I have to say you appear to have no idea about energy whatsoever.
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