Why aren't we drilling for oil?

[scottw]

Originally Posted by RIROCKHOUND

3. If Chevron et al., starts drilling on leases in the Dakotas, it will go to world supply. they aren't mandated to sell to US only. capitalism at it's finest. Zimmy said the stuff about the Dakotas is a"ridiculous chain email"

4. The USGS estimates of the Dakotas is higher than previously estimated, at a mean of ~4Bil. that's roughly 1 year of oil for the US at the current rate of ~10mil barrels/day. so we can have $0.99/gal for a year than back up to $4.00? that's if we only use oil from the Dakotas which only exists in ridiculous chain emails

7. Fossil fuels are a 1-time use. So we should just use it all up as quickly as we can? before China does

8. Should we really be advocating more offshore drilling after last summer's disaster we are...for other countries..I think we're even financing it ... damn we have short memories... keep in mind, much of the oil they are mentioning are deeper than the DWH rig was in.

9. Most of us realize it is speculation driven, but a big upswing in the spring is refinery limitations as they change seasons yeah, 4 dollar plus gas has almost nothing to do with world demand and the troubles in the middle east...it's those damn speculators...who is "most of us" you and Zimmy?... or just refinery back-up So we should just add more refineries where? I'd I didn't live a mile from one, how about you? have you been to northern NJ?

10. Jim, are you really advocating for state run oil? you lament the gov's ability to run anything, period, and want to put them in charge of this?
You are the only far-right socialist I know. At least when you finally run for office Jim, you'll have your own party...

aren't you going to post a clip from a comedy routine to back up your assertions ?

[striperman36]

buy a diesel and run bio.

Oh that's right, new diesels can't run it and any other diesel in the fine state of MA has to be pre-07

[likwid]

Originally Posted by striperman36

buy a diesel and run bio.

Oh that's right, new diesels can't run it and any other diesel in the fine state of MA has to be pre-07

TDi's can run B5
You can buy TDi's in MA.

[striperman36]

Originally Posted by likwid

TDi's can run B5
You can buy TDi's in MA.

B95 not flex fuel. b5 is more expensive than dino

[zimmy]

Originally Posted by Jim in CT

I paid >$4.00 for 87 octane at the pump today in CT.

Our country is sitting on untold jillions of gallons of crude (Alaska, the Dakotas, the Gulf).

Originally Posted by scottw

I'm sure you get plenty of those emails targeting fruitcakes..... probably originated by JWB...you and Bryan mentioned the Dakotas...did anyone else? maybe you are both getting ridiculous emails from the same source

The "fruitcakes" that were targeted were potential McCain voters. You used that word, not me. I didn't get the email. Who knows, maybe Jorge himself wrote it. Please forgive me if I ignore you from now on ScottW since I have never seen you add anything worthwhile to a discussion. Everyone else is able to do that, even if I don't agree with what they say, the other members are at least worth listening to.

I think it is valid to ask Scott in CT where his info came from, particularly since I would like what he says to be true. The info I get from the person I know who's job was to find oil from exxon (and as a side note is very conservative), plus what I read from economists, says that our oil supply will not change prices based on the quantities of oil and the idiosyncrasies of the global market. Maybe socialized oil production would have an effect for a limited time, but I have not heard anyone suggest that route.

[Jim in CT]

Zimmy, I don't know what quantities of oil are in Alaska or the Dakotas. I just know that...

(1) there is some oil there
(2) that oil is sitting there, not doing anyone any good
(3) today, the world buys most of its oil from places other than the US, and some of those places cause a whole lot of problems for folks like me who would rather not see their children blown to bits
(4) our economy is hurting, we have lots of people out of work, we have lots of needy people not getting the help they need.

I also know this. If we tapped that oil, it would, TO SOME DEGREE, alleviate the concerns identified in (3) and (4). Maybe it would help a little, maybe it would help a lot. I also know that there are private companies who would love to be given premission to tap that oil, so that tells me that there are some experts who believe it's worth doing. Those companies don't invest huge sums of money without convincing themselves that there will be a good return.

Where am I wrong, Zimmy? Please be specific...

[scottw]

Originally Posted by zimmy

I think it is valid to ask Scott in CT where his info came from, particularly since I would like what he says to be true. .

you have 13 or so posts in this thread and the only sources for your rantings provided are your sister's uncle and a "ridiculous chain email"....please...I'll try to include more pictures with my text...just for you

[likwid]

Originally Posted by striperman36

B95 not flex fuel. b5 is more expensive than dino

B5 isn't flex fuel.

Nobody warranties their vehicles for anything over 5% anyhow.

[Tagger]

You ever watch the history channel on diamonds or "blood Diamonds " ... Diamonds are actually very common ,, There's a huge amount of diamonds making them worth very little . So they control the flow making them valuble . Watch at the end of the year when oil companys have record proffits ,, Just like last time .. Other sources of energy ? They like it just the way it is .. High gas prices will make the economy tank again too..

[mosholu]

Interesting article in the 4/25/11 issue of the New Yorker on North Dakota oil situation.

[scottw]

Originally Posted by mosholu

Interesting article in the 4/25/11 issue of the New Yorker on North Dakota oil situation.

stop posting propaganda from evil right wing rags that's blood oil....we'll get about 4 days worth of 99 cent gas then it's right back to 4 bucks a gallon because the speculators will not stand for it and this is all part of some ridiculous email tageting potential McCain voters and originated by Jorge anyway, do the math... like "Hubbards Peak"
"the beginning of a 20 year boom"...that's silly, the greedy, evil oil companies will just keep the extra money, shut it down, like the gulf, it's of absolutely no benefit to US...at least until we have a good solid socialist system in place to manage it properly
... like Norway, where the government has made sure that it's citizens have no desire to drive anything other than a bobsled....with gas prices that are 2/3's taxes, no domestic auto production with high tarriffs and taxes on cars entering the country and confiscatory taxes for ownership,
if Norway didn't have oil, I guess they'd be Cuba, who has fabulous healthcare of course...


everyday it becomes more clear how Obama got elected......

[Swimmer]

People in brokerages are bidding up the oil contracts against the person across the across the aisle in the same office/agency. They did the same thing years ago in Cailfonia.