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post #1 of 65 (permalink) Old 07-14-2008, 10:07 AM Thread Starter
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Bush lifting executive no-drill order

http://www.breitbart.com/article.php...show_article=1

This is a change in position for bush, he previously said he'd lift it if congress would lift their no drill order. This is going to put the congressional dems in a hot spot I think. Look for the spin to begin.
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post #2 of 65 (permalink) Old 07-14-2008, 10:08 AM
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post #3 of 65 (permalink) Old 07-14-2008, 10:31 AM
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Does he really deserve praise for this so late in the game?
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post #4 of 65 (permalink) Old 07-14-2008, 10:32 AM
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re

Quote:
Originally Posted by Casper
Does he really deserve praise for this so late in the game?


thats what I was thinking

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post #5 of 65 (permalink) Old 07-14-2008, 10:38 AM
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It's a start... I mean at least there is a possibility for some type of light at the end of the tunnel.

I guess now we just see what Congress does.
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post #6 of 65 (permalink) Old 07-14-2008, 10:39 AM
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Quote:
Originally Posted by Casper
Does he really deserve praise for this so late in the game?
The sad reality is that he needed public opinion to change before he would do this. The enviro-nuts have convinced so many Americans that drilling for oil is a bad thing.

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post #7 of 65 (permalink) Old 07-14-2008, 10:43 AM
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Quote:
Originally Posted by Casper
Does he really deserve praise for this so late in the game?


More praise than the Dems deserve. They're still sitting on their fat fucking asses, not doing a goddamned thing about it.


I get what you're saying, though.
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post #8 of 65 (permalink) Old 07-14-2008, 10:50 AM
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Oh I agree, good move, better late than never.

The problem is, that oil is a long time off with offshore rigs in demand.

Meanwhile arctic reserves are depleting and need an infusion to keep the pipelines flowing. Waiting too late on arctic exploration and extraction can essentially make currently viable plays less attractive, even failures, in the future. And the price is not going to save it.
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post #9 of 65 (permalink) Old 07-14-2008, 10:50 AM
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post #10 of 65 (permalink) Old 07-14-2008, 10:52 AM
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I'm still hoping to see about 3 million pissed off people run through the Capitol building looking for politician blood.

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post #11 of 65 (permalink) Old 07-14-2008, 10:52 AM
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Quote:
Originally Posted by Casper

The problem is, that oil is a long time off with offshore rigs in demand.

Meanwhile arctic reserves are depleting and need an infusion to keep the pipelines flowing. Waiting too late on arctic exploration and extraction can essentially make currently viable plays less attractive, even failures, in the future. And the price is not going to save it.

Yeah. This is great and all, but it would be what, 3-5 years before we see any actual relief at the pump based on this alone?


Lift the no drill policy in ANWR, for fuck's sake. Make the polar bears and penguins run the fucking rigs. That's compromise.
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post #12 of 65 (permalink) Old 07-14-2008, 10:56 AM
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That's what I'm saying. If flow through the pipeline drops too far, the oil will gel and not move. It gets really expensive unless you keep the volume up. At least do the exploration, it is a strategic asset. And if the reserves turn out to be viable, it will be a quick play.
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post #13 of 65 (permalink) Old 07-14-2008, 11:24 AM
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As soon as congress lifts the ban, prices of all oil will drop...you have to deal the hand to play the game and until now the speculators, saudis, and hedge funds were dealing the hand. Time for congress to get into the game.

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post #14 of 65 (permalink) Old 07-14-2008, 12:43 PM
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Originally Posted by Paladin
The sad reality is that he needed public opinion to change before he would do this. The enviro-nuts have convinced so many Americans that drilling for oil is a bad thing.
Congressional Democrats, joined by some GOP lawmakers from coastal states, have opposed lifting the prohibition that has barred energy companies from waters along both the East and West coasts and in the eastern Gulf of Mexico. A succession of presidents, from Bush's father—George H.W. Bush—to Bill Clinton, have sided against drilling in these waters, as has Congress each year for 27 years. Their goal has to been to protect beaches and coastal states' tourism economies.

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post #15 of 65 (permalink) Old 07-14-2008, 01:19 PM Thread Starter
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Originally Posted by jones4stangs
Congressional Democrats, joined by some GOP lawmakers from coastal states, have opposed lifting the prohibition that has barred energy companies from waters along both the East and West coasts and in the eastern Gulf of Mexico. A succession of presidents, from Bush's father—George H.W. Bush—to Bill Clinton, have sided against drilling in these waters, as has Congress each year for 27 years. Their goal has to been to protect beaches and coastal states' tourism economies.
There will be no tourism with $4+ gallon gas.

I think that the light is starting to come on in DC regarding pissed off constituents (because of high energy prices) and the diminishing possibility of staying in office as an opponent of drilling. Hell, even old wishy washy harry reid is starting to talk about it.
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post #16 of 65 (permalink) Old 07-14-2008, 03:31 PM
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Quote:
Originally Posted by bcoop
Yeah. This is great and all, but it would be what, 3-5 years before we see any actual relief at the pump based on this alone?


Lift the no drill policy in ANWR, for fuck's sake. Make the polar bears and penguins run the fucking rigs. That's compromise.
Coop,
I think just the fact that the rest of the world knew we're even starting to drill, would have a big effect on oil prices. At that point, the goal of other oil-producing countries, would be to make oil cheap enough for us to not pursue it. Now, I didn't say "cheap", but "cheap enough". I believe we have enough oil around and under this country, to pretty much ruin the middle east. If our government would make oil exploration and production a priority like OPEC does, we could flat-ass run them out of business. We could tell Iran to kiss our ass. The oil is there, now will Congress let us get it out of the ground?

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post #17 of 65 (permalink) Old 07-14-2008, 05:29 PM
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I support any drilling on ANWR, the gulf, and all that shale oil too.

But remember, the Executive Order Bush Lifted was signed by his daddy.

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post #18 of 65 (permalink) Old 07-14-2008, 05:37 PM
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I support any drilling on ANWR, the gulf, and all that shale oil too.

But remember, the Executive Order Bush Lifted was signed by his daddy.

Scott
There was a "congressional moritorium" on off-shore drilling since '81. Daddy Bush signed it under a teeny bit of pressure. He did sign it, nonetheless...

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post #19 of 65 (permalink) Old 07-14-2008, 05:37 PM
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Quote:
Originally Posted by White trash wagon
I support any drilling on ANWR, the gulf, and all that shale oil too.

But remember, the Executive Order Bush Lifted was signed by his daddy.

Scott
Well that kind of takes the wind out of the liberals screaming about the Bush's being big oil puppets, doesn't it? At least daddy Bush anyway.

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post #20 of 65 (permalink) Old 07-14-2008, 06:24 PM
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Drill it before it washes away! Fox News talked about it today, but couldn't find anything newer.

http://www.sciencedaily.com/releases...0127082228.htm
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Scientists Find That Tons Of Oil Seep Into The Gulf Of Mexico Each Year

...But the oil isn't destroying habitats or wiping out ocean life. The ooze is a natural phenomena that's been going on for many thousands of years, according to Roger Mitchell, Vice President of Program Development at the Earth Satellite Corporation (EarthSat) in Rockville Md. "The wildlife have adapted and evolved and have no problem dealing with the oil," he said.

Oil that finds its way to the surface from natural seeps gets broken down by bacteria and ends up as carbon dioxide, a greenhouse gas. So knowing the amount of fossil fuel that turns to carbon dioxide naturally is important for understanding how much humans may be changing the climate by burning oil and gas.

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post #21 of 65 (permalink) Old 07-15-2008, 09:10 AM
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A vote on lifting the ban on drilling needs to be brought to the House and Senate floor immediately! We need to know where Reps. & Senators stand before the November elections
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post #22 of 65 (permalink) Old 07-15-2008, 09:31 AM
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A vote on lifting the ban on drilling needs to be brought to the House and Senate floor immediately! We need to know where Reps. & Senators stand before the November elections
And that is exactly why they are going to try and keep this from their hands as long as possible. This election year is going to be huge, congress has not listend to the american people for 10yrs, the last election proved the american people were tired of that and shoved the dems in there thinking they would listen, got worse, I believe if the people vote the reps and senators out this time the next group will realize you better do your job, or your stay is 2yrs. At least, thats what I hope.

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post #23 of 65 (permalink) Old 07-15-2008, 09:37 AM
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my question is who is going to be doing the drilling?
just cause its now permitted does not mean someone is going to take a multi billion dollar gamble to explore for oil. its not like many people are drilling in coastal watters of the coast of texas where drilling is permitted, and oil has been found.

as someone in the oil business I have been asking this question for weeks, what companys are planning on drilling in these restricted watters. so far, what I have been told, its just one British company that wants to drill off the coast of Floridia.
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post #24 of 65 (permalink) Old 07-15-2008, 09:47 AM
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its not like many people are drilling in coastal watters of the coast of texas where drilling is permitted, and oil has been found.

The problem with that statement is sure they are permitted to explore and drill, but MOST of the leases that the oil companys have says they cannot produce. Like Destin Dome in Florida with chevron, they were allowed to explore and drilled for natural gas between 1981-1995 as soon as they figured out how much was under there they went to florida which said sorry you might have the lease but you cannot produce, they went to congress, which said the same thing and it was barred from producing in 2000(or 2002 cant remember which) and given a 115M refund. Everyone that keeps saying to the oil companies "why dont you drill on the leases you already have" is because they are allowed to explore and drill to see how much is there, but they dont want to take the gamble on exploring and drilling and not being able to produce because congress decides not to let them. If congress lifted the ban, your damn right chevron, shell, exxon would be all over it, they just HAVE TO BE ABLE TO PRODUCE.

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post #25 of 65 (permalink) Old 07-15-2008, 10:02 AM
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companies can drill and produce off the coast of texas.

if the government lifts the ban on drilling will they also lift the ban on producing?
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post #26 of 65 (permalink) Old 07-15-2008, 10:04 AM
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Thats what the smart thing would be to do.....then again, look whos in charge of the decision

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post #27 of 65 (permalink) Old 07-15-2008, 10:23 AM
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Quote:
Originally Posted by MadMax404m
The problem with that statement is sure they are permitted to explore and drill, but MOST of the leases that the oil companys have says they cannot produce. Like Destin Dome in Florida with chevron, they were allowed to explore and drilled for natural gas between 1981-1995 as soon as they figured out how much was under there they went to florida which said sorry you might have the lease but you cannot produce, they went to congress, which said the same thing and it was barred from producing in 2000(or 2002 cant remember which) and given a 115M refund. Everyone that keeps saying to the oil companies "why dont you drill on the leases you already have" is because they are allowed to explore and drill to see how much is there, but they dont want to take the gamble on exploring and drilling and not being able to produce because congress decides not to let them. If congress lifted the ban, your damn right chevron, shell, exxon would be all over it, they just HAVE TO BE ABLE TO PRODUCE.
You touched on something else; the myth of the US reaching "Hubbert's Peak" has nothing to do with the percentage original oil in place, it is a production curve that is affected by many factors; regulations, prices abroad, hidden costs defrayed by maintaining the course, etc.
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post #28 of 65 (permalink) Old 07-15-2008, 03:35 PM
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lets spend more money so we can charge less for our products..............LOL

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post #29 of 65 (permalink) Old 07-16-2008, 12:48 PM Thread Starter
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Quote:
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The problem with that statement is sure they are permitted to explore and drill, but MOST of the leases that the oil companys have says they cannot produce. Like Destin Dome in Florida with chevron, they were allowed to explore and drilled for natural gas between 1981-1995 as soon as they figured out how much was under there they went to florida which said sorry you might have the lease but you cannot produce, they went to congress, which said the same thing and it was barred from producing in 2000(or 2002 cant remember which) and given a 115M refund. Everyone that keeps saying to the oil companies "why dont you drill on the leases you already have" is because they are allowed to explore and drill to see how much is there, but they dont want to take the gamble on exploring and drilling and not being able to produce because congress decides not to let them. If congress lifted the ban, your damn right chevron, shell, exxon would be all over it, they just HAVE TO BE ABLE TO PRODUCE.
I heard some about this the other day. Apparently there is infrastructure that already exists off the cali coast that could be brought into production within 12 months if the ban were to be lifted. Since bush's announcement oil is down $10/barrel; imagine what would happen if congress were to lift their ban?
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post #30 of 65 (permalink) Old 07-16-2008, 03:36 PM
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so the only ban they are lifting is on drilling, not production?

so even if they lift the ban and find oil, they still cant pump it
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post #31 of 65 (permalink) Old 07-16-2008, 03:44 PM
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Originally Posted by mikeb
I heard some about this the other day. Apparently there is infrastructure that already exists off the cali coast that could be brought into production within 12 months if the ban were to be lifted. Since bush's announcement oil is down $10/barrel; imagine what would happen if congress were to lift their ban?
I heard the same. In the shallower waters. The deeper you go (farther out), could take up to 6 years.

Anyone else think it's no coincidence that oil has fallen $10 since this move Bush made? I think the market is that sensitive.

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post #32 of 65 (permalink) Old 07-16-2008, 03:48 PM
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lets spend more money so we can charge less for our products..............LOL
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post #33 of 65 (permalink) Old 07-16-2008, 04:15 PM
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Quote:
Originally Posted by cannonball996
so the only ban they are lifting is on drilling, not production?

so even if they lift the ban and find oil, they still cant pump it
The leases the oil companys have right now are for drilling and not producing, the ban is for everything as far as I know, which means when it is lifted all the leases they have they can also drill on(per states though) the destin dome still probably wont be produced because florida is against it.

I am confused on why the governor of Nevada is against off-shore drilling....Dumb M-F doesnt even have anything to do with it lmao

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post #34 of 65 (permalink) Old 07-16-2008, 04:28 PM
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I have heard that Florida is changing it's tune. After all, the Chinese will be drilling within 70 miles of the Florida Keys as it is.

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post #35 of 65 (permalink) Old 07-16-2008, 04:32 PM
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I have heard that Florida is changing it's tune. After all, the Chinese will be drilling within 70 miles of the Florida Keys as it is.


I don't see how that is even fucking possible. Ridiculous. The environment is being "ruined", no matter what stance our country takes on it. So either we profit, or someone else is going to. How can we not tell China to get fucked? Isn't that land US Owned?
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post #36 of 65 (permalink) Old 07-16-2008, 04:35 PM
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4 years too late.
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post #37 of 65 (permalink) Old 07-16-2008, 04:37 PM
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I don't see how that is even fucking possible. Ridiculous. The environment is being "ruined", no matter what stance our country takes on it. So either we profit, or someone else is going to. How can we not tell China to get fucked? Isn't that land US Owned?
Coop, from what I've gathered, Cuba (which is only 90 miles from Florida), cut a deal with China to drill off of their coast. BIG BUCKS for Fidel Castro, but possibly causing 10x the environmental damage an American company would, because they don't give a shit what or who they destroy.

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post #38 of 65 (permalink) Old 07-16-2008, 04:40 PM
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Coop, from what I've gathered, Cuba (which is only 90 miles from Florida), cut a deal with China to drill off of their coast. BIG BUCKS for Fidel Castro, but possibly causing 10x the environmental damage an American company would, because they don't give a shit what or who they destroy.


Figures.
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post #39 of 65 (permalink) Old 07-16-2008, 06:08 PM
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Quote:
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Coop, from what I've gathered, Cuba (which is only 90 miles from Florida), cut a deal with China to drill off of their coast. BIG BUCKS for Fidel Castro, but possibly causing 10x the environmental damage an American company would, because they don't give a shit what or who they destroy.
http://www.tampabay.com/news/busines...icle646511.ece

Quote:
Cuba reportedly plans to start drilling sometime next year. It lacks the money and technology to develop the resources itself so it has sold rights to a number of major oil companies, including Repsol (Spain), Norsk Hydro (Norway) and Petrobras (Brazil).
So are those companies going to sell the oil they pump out to China?

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post #40 of 65 (permalink) Old 07-16-2008, 06:11 PM
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http://www.tampabay.com/news/busines...icle646511.ece



So are those companies going to sell the oil they pump out to China?
I would imagine they will sell to anyone willing to pay for it, be it China, Russia, or us.

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post #41 of 65 (permalink) Old 07-17-2008, 07:13 AM
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Which is better, this or deregulation? I'm not that smart, so I can't really figure out.

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post #42 of 65 (permalink) Old 07-17-2008, 04:41 PM
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That's generally how business works: you make a large initial investment for lower costs down the line.

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post #43 of 65 (permalink) Old 07-17-2008, 05:17 PM
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Decent article on the whole Cuba-China thing.

http://www.sptimes.com/2006/05/08/Wo...l_near_K.shtml
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post #44 of 65 (permalink) Old 07-17-2008, 05:25 PM
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What'd some comedian say not too long ago? - "I want to see 'em drill right through a fuckin spotted owl...."

That'll soon be the tune in DC.

I think the pundits say it'll be 10 years before new drilling would help our cause, but I believe that might be a tad pessimistic.
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post #45 of 65 (permalink) Old 07-17-2008, 05:46 PM
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Bushwhacked again

Bush(it) is just trying to save a little face here, We allready have over 300million acres off shore open to drilling, and "halaburton" is sitting over in Iraq, sucking up gravy money out of our tax money!! If they wanted to drill, there is plenty of places to drill. This is just something like trying to declair "eminant domain" in Arlington to build a ball park.
The democrats can't do anything, when Bush will Veto anything that doesn't benifit the republican party. (kinda like a guy in Germany tryed to do).
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post #46 of 65 (permalink) Old 07-17-2008, 07:02 PM
Lifer
 
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Quote:
Originally Posted by grape
lol i'm not spending any of my money to make my products cheaper to my customers, you guys are dreaming.
"Smart" stance...while it last. Hmmm...who's your competitor? Never mind, we'll find em.

Talk is cheap because supply exceeds demand!
black01gt is offline  
post #47 of 65 (permalink) Old 07-17-2008, 07:12 PM
Lifer
 
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Quote:
Originally Posted by bigwhip2
We allready have over 300million acres off shore open to drilling, and "halaburton" is sitting over in Iraq, sucking up gravy money out of our tax money!! If they wanted to drill, there is plenty of places to drill. This is just something like trying to declair "eminant domain" in Arlington to build a ball park.
There are massive current leases that are not being developed because they are already being held by minimal production. Bush is maximizing every "opportunity" he can. You don't have to be a genius at manipulation to herd sheep.

That being said, knock some fucking moose in the head and drill ANWR, offshore, whatever, just bring the cost of go juice down...a bunch. This shit ain't funny.

Talk is cheap because supply exceeds demand!
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post #48 of 65 (permalink) Old 07-17-2008, 07:44 PM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
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Quote:
Originally Posted by black01gt
There are massive current leases that are not being developed because they are already being held by minimal production. Bush is maximizing every "opportunity" he can. You don't have to be a genius at manipulation to herd sheep.

That being said, knock some fucking moose in the head and drill ANWR, offshore, whatever, just bring the cost of go juice down...a bunch. This shit ain't funny.
I happen to think just because he lifted the "ban", oil has dropped $15 a barrel this week. Coincidence? Maybe. Maybe not. OPEC really doesn't want us even looking for oil, and I think it makes them VERY nervous.

CHL holder and Conservative...AKA "Domestic Terrorist"
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post #49 of 65 (permalink) Old 07-17-2008, 09:49 PM
No Cerveza... No Trabajo
 
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Location: Where's my beer?
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Quote:
Originally Posted by Vertnut
I happen to think just because he lifted the "ban", oil has dropped $15 a barrel this week. Coincidence? Maybe. Maybe not. OPEC really doesn't want us even looking for oil, and I think it makes them VERY nervous.
I think it had to do more with weakened demand that traders have forgot for the past month.

But, I'd say the $5/gallon dream before Labor Day has been extinguished.
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post #50 of 65 (permalink) Old 07-17-2008, 10:25 PM
PAN
 
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I haven't seen 'refinery capacity to produce' touched on even once in this thread.


I thought the real problem with oil was the ability to produce what we need? The reserves are full, after all. Or at least I think they are...
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