Yahoo !!! Gas crisis Over

[LMTC]

Eddie, I've been on the planet longer than you and I echo your sentiments. I have started making a list of people who are STILL saying that if we start drilling here now (and I have said drill in ANWR, drill the Gulf, drill the Rockies for 15 years or more) it will take ten years to have any impact. I am going to look them all up in ten years and thump them severely with the list (which I am convinced will be heavy enough to hurt by then).

Edit--ok, let me clarify. I dont' agree that it is any sort of black-ops conspiracy, but I do agree it is a moderately unified response by gov. to various special interests, and has a lot to do with power and control. It just makes no sense to me to watch China (and others) drill in the Gulf while we refrain from drilling.

 

[dooleysm]

Eddie, after working for the government for the past 5 years I have NO confidence in the government's ability to enact any sort of large scale conspiracy. Waaaayyy too many people would have to be in on it and keeping the secret.

 

[skargo]

I don't think there is any shortage of oil, nor has there been. Most of the reason for the price jump is from politicians making it more and more dificult to get the oil and refine it. When the President changed some of those restrictions, the world oil price colapsed. One single thing like that has had a huge effect, just imagine what the price of oil could be if the rest of Congress did what was right and stoped sucking up to their special interest groups?

I'm one of those people that do not believe we have a limited supply of oil. In my 42 years on this planet, I've been hearing about the end of oil and how we need to find another source of fuel. I've fallen for this and even worried about what will happen in the future when we run out of oil. But over the years, I've noticed that new oil discoveries are occuring all the time.

The theory that oil came from dinasours doesn't add up either. If this is true, how many dinasours had to die to create all that oil? I can't do the math, but even over millions of years, that's allot of dead animals that somehow turn to oil and work it's way down thousands and thousands of feet into the core of the planet.

Now it's come out that some of the oil reserves have started to replenish themselves. Where the level was down to a certain point from years and years of pumping it out, has now risin.

Then it's been discovered that certain types of beatles actually create crude oil in their poop.

I think there is allot of oil out there and we're being lied to about it in order to create an overall concern about it so that governments can create more money and control over it. It's kind of a conspiracy theory thing on my part, but nothing else makes any sense to me.

Eddie

Please elaborate how oil is replenishing itself???

 

[riptides]

Eddie, I've been on the planet longer than you and I echo your sentiments. I have started making a list of people who are STILL saying that if we start drilling here now (and I have said drill in ANWR, drill the Gulf, drill the Rockies for 15 years or more) it will take ten years to have any impact. I am going to look them all up in ten years and thump them severely with the list (which I am convinced will be heavy enough to hurt by then).

Your kidding right? Looking at infrastructure alone off the VA east coast there is NONE. Looking at available platform rigs, there are NONE, looking at available off-shore loading facilities, there are NONE. Looking further into the manufacturing pipeline of platform, infrastructure, and drilling equipment, it is limited in the US of A.

You might get a rig off our commonwealth in tens years IF your lucky and the politicans can appease the environmentalists, state legislation, citizens and water fowl of our great state.

From someones mouth to actually (you and me) getting something - I'd say ten years is a low-ball guesstimate. And pricing will only be influenced by supply/demand market conditions.

 

[riptides]

Please elaborate how oil is replenishing itself???

How do we know it is NOT?

 

[skargo]

How do we know it is NOT?

I would think that proof would be needed that they ARE, as that's the statement that was made.

 

[LMTC]

Your kidding right? Looking at infrastructure alone off the VA east coast there is NONE. Looking at available platform rigs, there are NONE, looking at available off-shore loading facilities, there are NONE. Looking further into the manufacturing pipeline of platform, infrastructure, and drilling equipment, it is limited in the US of A.

You might get a rig off our commonwealth in tens years IF your lucky and the politicans can appease the environmentalists, state legislation, citizens and water fowl of our great state.

From someones mouth to actually (you and me) getting something - I'd say ten years is a low-ball guesstimate. And pricing will only be influenced by supply/demand market conditions.

No, I am not kidding. That is the excuse/reason I have heard most often over the years for not supporting drilling NOW. "It will take at least ten years to have any impact". To which I have always said "Then the sooner, the better."

 

[MikePA]

That is the excuse/reason I have heard most often over the years for not supporting drilling NOW. "It will take at least ten years to have any impact". To which I have always said "Then the sooner, the better."

Ironic the same people spouting "It will take at least 10 years...." are the same people touting alternative energy solutions, which won't make up a significant percentage of our energy supply in a lot longer than 10 years. Of course, we can inflate our tires and we wont need to drill anywhere.

 

[radioflyertoo]

The ten years theory is mainly spouted by enviormentalists and politicians who don't want drilling to occur. If you check it out oil company estimates (and now I can't remember where I read them d.....) it is only 6 years.

If you check out newsmax.com there are several reports about about significant oil finds in our upper mid west. Bodes good for the future.

As far as greed it's the government that is greedy when it comes to oil, the oil companies make about 8% profit on a gallon of gas, wereas the government (state, local & national) takes up to $0.44/gal (+) depending on the state. (Granted as gas prices rise the oil companies profit goes up proportionately but I don't think it's excessive.)

anyway my $0.02

bob

 

[Dennisfly]

T. Boone Pickens makes a lot of sense to me. According to him, the U. S. is spending 700 Billion (with a B) dollars a year on foreign oil. That can't be good. T. Boone is an old time oil man that has a plan and wants to have the new president and congress adopt it. He wants wind generators through the center part of the country to supply electricity. That will free up some natural gas (from domestic sources) to use as motor fuel. He also advocates drilling everywhere, nuclear, conservation, solar, and other source that will make us energy self sufficient. Increased supply and decreased demand will bring the price down. Check it out at PickensPlan