Should We Drill A N W R?

[Lounge Daddy]

[quote name='Veridicus' post='1589082' date='Jul 2 2008, 11:43 AM']If our government says using our own oil resources is off limits, these regulations are the result of environmentalist lobbying not economics.[/quote]
I don't think the environmentalists understand nor care how much they impact the economy for the worse--and I think that it's mostly the later. Many of the biggest environmentalists would love to see the economy of the West tank.

[Mercy me]

[quote name='peach_cube' post='1588680' date='Jul 1 2008, 09:44 PM']I would be fine with it as long as it is not seen as some saving grace, at current barrel prices there are less remote and controversial areas to exploit that were not seen as economically viable in the past, but once oil cracked the 100 dollar a barrel mark are very interesting indeed and being explored. A big part of the problem is the lack of refineries in the U.S.[/quote]

Lack of refineries is big issue but not the main issue here. The cost of the commodity, crude oil, has risen dramatically.

[quote name='Winchester' post='1588952' date='Jul 2 2008, 05:50 AM']We should just launch an attack on people buying oil futures. There's no less oil available now, nor has it gotten harder or more expensive to drill. The current prices are a creation of the manipulated market. It's bullpoo.[/quote]

There is a certain amount off speculation here. But speculators wouldn't be that much of a factor it supply wasn't so tight.

[quote name='Lounge Daddy' post='1589396' date='Jul 2 2008, 04:55 PM']I don't think the environmentalists understand nor care how much they impact the economy for the worse--and I think that it's mostly the later. Many of the biggest environmentalists would love to see the economy of the West tank.[/quote]

True that.

[dairygirl4u2c]

we should at least declare that we're going to drill. even if in secret it's only a token amount.

that way, the publicity, if we keep hte real amount low if it's low, will cause the speculators to sell.

most of this is speculation anyway to my understanding, we wouldn't be drilling to get supply up, rather than speculation, down.

[Mercy me]

WE need to drill off the coast of Florida if only to keep the Cubans and Chinese from drilling our oil right out from under us.

[goldenchild17]

[quote name='XIX' post='1588597' date='Jul 1 2008, 07:26 PM']Discuss.[/quote]

It's time. Though we really should also be working much harder on a way to extract the slate rock oil from under the Rocky Mountains. Some sort of windpowered technique could work I think. I'd rather we look towards getting away from oil altogether, and maybe explore nuclear fuel, and all in all just use less energy period. But that's not going to happen, realistically, so yeah

Edited July 8, 2008 by goldenchild17

[dairygirl4u2c]

i actually found someone like me, who thinks some of the oil shoudl be left off tap, for the time being, for later use.
and this guy looking at this blog seems to know what he's talking about, at least per the science etc.

[url="http://www.theoildrum.com/"]http://www.theoildrum.com/[/url]

[quote]I have given a lot of thought to the issue of opening up new areas for drilling in the Outer Continental Shelf (OCS) and in the Arctic National Wildlife Refuge (ANWR). My position has always been to leave that oil in place for a very rainy day. I wanted to see major conservation efforts in place before we considered tapping that oil. Opening those areas when oil was $20 a barrel would have meant that much of it would have been used frivolously.

Now that oil is over $100 - and in my opinion will be much higher in 5 or 10 years (T. Boone Pickens predicts $300/bbl in 10 years) - we will have tightened our belts a good deal by the time any of this oil could actually reach the market. T[/quote]

[quote]I kept wondering how McCain made a comeback in the polls in certain mid-western swing states this past week. The reason was that those people want offshore drilling. Sure, it won't make even the tiniest impact for at least 10 years, and if sold worldwide its benefits to the US will be very limited, or offset greatly by declining mature oil fields. However the majority of people are emotionally driven vs. intellectually convinced. As such the article posts a compelling argument to split the uprights with a compromise. I agree with its premise.

Again, I can assure you that when Joe Public is paying >$5/gal for gasoline, those areas are going to get drilled. Joe Public will demand it. I see a chance to make some positive change, but that window may close by the time Democrats start caving on the issue.[/quote]

yeah, this place is where the real debate is. phatmass for theology, that place for energy.
[url="http://www.theoildrum.com/node/4339#comments_top"]http://www.theoildrum.com/node/4339#comments_top[/url]

Edited July 25, 2008 by dairygirl4u2c

[Winchester]

Drill it. Drill it like a Marine recruit.

[friendofJPII]

YES! Drill!

[Mercy me]

Right now supply is tight and demand is high. This is leading to higher prices and if I had the money I too would invest in oil futures because demand continues to grow. They way to bring the price under control is to increase market supply. I say drill. I hate the idea of putting $100.00 in my gas tank.

[Winchester]

[quote name='Mercy me' post='1609131' date='Jul 26 2008, 11:05 AM']Right now supply is tight and demand is high. This is leading to higher prices and if I had the money I too would invest in oil futures because demand continues to grow. They way to bring the price under control is to increase market supply. I say drill. I hate the idea of putting $100.00 in my gas tank.[/quote]
Actually, it's the investment in oil futures helping to drive up the price.

Greed, more than anything, is making the prices high.

[Red Knight]

Drill in ANWR
Drill Offshore
Build many Fourth Generation nuclear Plants
Build a few Fast Breeder Nuclear Plants
Privately fund research into new alternatives
Cease all subsidies for ethanol production

There you have it, in a nut shell.

[dairygirl4u2c]

if you guys actually responded to arguments, instead of in like zombie fashion saying drill, as if all you know if gas costs a lot, maybe your positions would actually have a little respect or merit to them.
you can't just say drill, implying to hell with the future, and act as if that's an argument.