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At What Point Would You Support Drilling for Oil on American Soil?


Ron78

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The demand for oil world-wide continues to increase. Assuming finding an efficient alternative fuel source is too far out of reach within the next several years, at what point would you support more drilling for oil in the Gulf, Alaska, or other parts of the United States?

EDIT: I added the word "more" for those who did not deduce that is what I meant. :)

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You are not right about that, DR Smith. The high gas prices are probably already forcing some people to conserve and not travel as much, which will eventually reduce the profit margin for oil companies if it isn't already. A greater supply of oil that is cheaper to drill for at home will result in lower gas prices in the states. They pay less than $1/gallon for gas in Saudi Arabia and many other middle eastern nations.

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What is the point if it does not lower prices as it is still subject to market prices and the Saudis can cut production and raise the price?
This

Well, while it might not help lower the price much (if at all), it would give us a little more leverage in negotiations with these nations. Also, at least if the price of gas hits $6/gal, if we've tapped our own resources at that point America might see a little bit of that back, rather than sending all of it to other countries. Not to mention creating jobs to build the rigs, man and maintain the rigs, etc.

Bad economy, high unemployment, lots of debt....I don't see how tapping our own resources could make the problem worse.

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I don't believe you are right about that, DR Smith. The high gas prices are probably already forcing some people to conserve and not travel as much. A greater supply of oil that is cheaper to drill for in the states will result in lower gas prices in the states. They pay less than $1/gallon for gas in Saudi Arabia and many other middle eastern nations.

I live in Canada we have tons of oil and guess what I pay more for gas than most people here

The Saudis and other nations take oil for themselves first, America does not do that now and if they tried you see talk radio calling it communism or socialism and you would see so many fake citizen group ads it would not be funny

---------- Post added April-13th-2011 at 08:41 PM ----------

Well, while it might not help lower the price much (if at all), it would give us a little more leverage in negotiations with these nations. Also, at least if the price of gas hits $6/gal, if we've tapped our own resources at that point America might see a little bit of that back, rather than sending all of it to other countries. Not to mention creating jobs to build the rigs, man and maintain the rigs, etc.

Bad economy, high unemployment, lots of debt....I don't see how tapping our own resources could make the problem worse.

What is the point if you are not taxing that money so it is getting reinvested

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I live in Canada we have tons of oil and guess what I pay more for gas than most people here

The Saudis and other nations take oil for themselves first, America does not do that now and if they tried you see talk radio calling it communism or socialism and you would see so many falk citizen group ads it would not be funny

The gas companies will charge whatever maximizes their profits. Charging upwards of $4 forces more people to conserve and could have a negative impact on the oil company's bottom line. A greater supply of oil in the states would more than likely reduce what we are currently paying for oil. It would, at the very least, pump a whole lot of stimulus into the American economy.

---------- Post added April-13th-2011 at 08:45 PM ----------

What is the point if you are not taxing that money so it is getting reinvested

What do you think the oil companies do with the money? They reinvest most of it back into the American economy. Either by creating jobs or investing in other industries that also create jobs.

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What is the point if it does not lower prices as it is still subject to market prices and the Saudis can cut production and raise the price?

Not sending a Trillion dollars? a yr out of the country?

Gaining royalty and lease receipts?

Ensuring domestic supply?

Stimulating domestic employment and manufacturing?

Nah,no point at all

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We already drill oil on American soil and have been for years. Why did Reagan cut programs for alternative energy back in the early 80s so we wouldn't now be in this position? Why wasn't it mandated that we manufacture cars that were more fuel efficient back then? I remember waiting in gas lines in the oil crisis in the 70s and Carter trying to start these programs. We are more than 30 years behind. And why are prices rising when all of the oil companies will post record net profits after this latest price increase, just like they have done after all the other price increases? How much more will we support the obscene net profits the oil industry makes, all at our expense? And why do we still have the oil depletion allowance when it's only natural that oil reserves will decrease? It's a cost of doing business, but the oil industry gets all kinds of tax breaks. Unfortunately, the oil depletion allowance was instituted during Kennedy.

Just things to think about. Here's a link to a page that has all kinds of history on the American, specifically Texan, oil industry. A real eye opener.

http://educationforum.ipbhost.com/index.php?showtopic=3704

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Shale is viable at 3$ a gallon?

North Dakota: Biggest since Anwar: http://oilshalegas.com/bakkenshale.html

Rockies Shale: (1 senator was blocking this?). Lots of oil: this says equal to Saudi: http://www.npr.org/templates/story/story.php?storyId=5424033

Bhattacharya figures the company can produce oil for about $33 a barrel in the early days, and that, over time, production costs will fall to less than $20 a barrel.

Anwar: Largest find in the United States.

Leave the water alone unless seriously shallow water.

Oil can subsidize cradle to grave medical/education.

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Well, while it might not help lower the price much (if at all), it would give us a little more leverage in negotiations with these nations. Also, at least if the price of gas hits $6/gal, if we've tapped our own resources at that point America might see a little bit of that back, rather than sending all of it to other countries. Not to mention creating jobs to build the rigs, man and maintain the rigs, etc.

Bad economy, high unemployment, lots of debt....I don't see how tapping our own resources could make the problem worse.

What's going to happen down the toad when there actually is a shortage of fossil fuels? (granted we do) Gotta have reserves somewhere. Wouldn't change a thing, we still rely on the OPEC nations. The "slight" increase in our negotiations would be slight.

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What's going to happen down the toad when there actually is a shortage of fossil fuels? (granted we do) Gotta have reserves somewhere. Wouldn't change a thing, we still rely on the OPEC nations. The "slight" increase in our negotiations would be slight.

Ah ....so you believe alt energy is a pipe dream then?

Check out the relationship between reduced US production and price spikes,negotiation never enters into it.

add

Why North Dakota Is Booming

They're drilling for oil, attracting high tech, and keeping the tax burden moderate. Result: 3.8% unemployment.

http://online.wsj.com/article/SB10001424052748704893604576198881896338372.html

amazing how that works eh?

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from my cuz (a 4th generation oil hand)

An oilfield worker is missing his family while providing a service that keeps you on the road and provides you with the many comforts of today. While you are reading this, oilfield workers are out there sweating or freezing out a living for their families. It's oilfield appreciation week, re-post if you are an oilfield worker or appreciate one. And if you don't appreciate one, TURN YOUR CAR & A/C OFF!!!!

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By all means, drill. Even if you believe the supply is limited. And by all means fund research into alternatives. However, it needs to be real research into real viable alternatives, not building marginally better batteries with rare (hazardous) materials that need to be charged by oil-generated electricity; Not a sham fuel that devours the world's corn supply and energy to produce it. Most money being spent is for these dead-end, feel-good time wasters and things like them.

But until we have a real alternative, why not use what we've got? The technology of conservation, especially in autos, will make our supply last all the longer, if indeed it is finite.

---------- Post added April-13th-2011 at 11:01 PM ----------

By all means, drill. Even if you believe the supply is limited. And by all means fund research into alternatives. However, it needs to be real research into real viable alternatives, not building marginally better batteries with rare (hazardous) materials that need to be charged by oil-generated electricity; Not a sham fuel that devours the world's corn supply and energy to produce it. Most money being spent is for these dead-end, feel-good time wasters and things like them.

But until we have a real alternative, why not use what we've got? The technology of conservation, especially in autos, will make our supply last all the longer, if indeed it is finite.

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Well, while it might not help lower the price much (if at all), it would give us a little more leverage in negotiations with these nations.

Who is us? Did Alaska sell Americans gas for cheaper than Saudi Arabia?

If you're advocating nationalizing oil reserves and having the government set prices for sale in the US of those oil reserves then maybe this makes sense. I don't see anyone pushing for that though. Whatever company is cleared to drill isn't going to do **** for me.

---------- Post added April-14th-2011 at 03:50 AM ----------

By all means, drill. Even if you believe the supply is limited. And by all means fund research into alternatives. However, it needs to be real research into real viable alternatives, not building marginally better batteries with rare (hazardous) materials that need to be charged by oil-generated electricity; Not a sham fuel that devours the world's corn supply and energy to produce it. Most money being spent is for these dead-end, feel-good time wasters and things like them.

But until we have a real alternative, why not use what we've got? The technology of conservation, especially in autos, will make our supply last all the longer, if indeed it is finite.

Battery technology is indeed getting better and why on earth would you care where the electricity came from? That's the entire point of electricity as energy, you can make it using whatever natural advantage you have. If we wait for the "invisible hand" to fix it however we'll die long before we see any real change.

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Whatever company is cleared to drill isn't going to do **** for me..

They will pay for the right,buy products and machinery that are taxable (both at purchase and as business property),employ only those cleared by you,purchase supporting services and supplies,invest in infrastructure.

nah they ain't doing crap for you...just for the country

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Seems like smart people could find a reasonable middle ground where we explore areas within the continental US and Alaska in a controlled manner, and with minimalist resource allocations - yet focus the long term goals (and the bulk of resources) on non petroleum based sustainable options. Parallel paths.

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Seems like smart people could find a reasonable middle ground where we explore areas within the continental US and Alaska in a controlled manner, and with minimalist resource allocations - yet focus the long term goals (and the bulk of resources) on non petroleum based sustainable options. Parallel paths.

You mean like we do already?

The idea that we don't already drill in America. Where do people get that idea? Sarah Palin?

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You mean like we do already?

The idea that we don't already drill in America. Where do people get that idea? Sarah Palin?

Everyone is making reference to the additional drilling we could be doing. There is a significant amount of oil we have not yet tapped.

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