Friday, July 23, 2010

If The U.S. Could Become An Oil Exporter As Large As Saudi Arabia, Would You Support Drilling Our Own Oil?

http://www.americansolutions.com/General…





Shell Oil Company has successfully conducted small-scale field tests of an insitu process based on slow underground heating via thermal conduction. Larger scale operations are required to establish technical viability, especially with regard to avoiding adverse impacts on groundwater quality. Shell anticipates that, in contrast to the cost estimates for mining and surface retorting, the petroleum products produced by their thermally conductive in-situ method will be competitive at crude oil prices in the mid-$20s per barrel.If The U.S. Could Become An Oil Exporter As Large As Saudi Arabia, Would You Support Drilling Our Own Oil?
Hell yeah! Altho I also think it would be wise to look for alternative fuels in conjunction to the drilling.





*Edit* Also it would be nice to see our American oil company be able to compete globaly insted of just being the little dog at 5% due to our legislation to keep them stunted.If The U.S. Could Become An Oil Exporter As Large As Saudi Arabia, Would You Support Drilling Our Own Oil?
No. I would support investing in cleaner renewable energy.
Yes, yes, yes!!! Screw the muslims!
I support drilling our own oil now.
No, we would be better served conserving such resources for our future and not hastily burning it up...
We need to tap every available resource as a PART of our overall energy policy- for anyone to not consider drilling is just insane- but to consider only drilling is also insane- everyone is trying to further politicize this issue for political gain instead of doing what is right





Greg- there is a lot more to those bills pushed by the left than you are trying to let on. It isnt that republicans dont want relief, it is that democrat plans are in reality worse than the current situation as class warfare driven bills often are.
The Senate was barely in session today when Republican leaders used a parliamentary maneuver to cut off all debate on a pair of bills to get oil and gasoline prices under control and encourage renewable energy. By threatening a filibuster, which takes 60 votes to overcome, the friends of Big Oil said ';No'; to regulation of speculative energy markets, ';No'; to taking back some of Big Oil's billions of dollars in taxpayer subsidies, ';No'; to making oil companies fork over a fraction of their wildly rising record profits to help pay for clean energy development if they won't do it themselves. The maneuver was executed by the same folks who wanted in 2004 and 2005 to ban filibusters forever, at least on votes over judicial nominees.





Here's what the then-GOP leader, former Sen. Bill Frist, said back then: “This filibuster is nothing less than a formula for tyranny by the minority.”





Now the minority is different, and it's using the filibuster on every energy bill proposed by the majority, even though six Republicans broke ranks to vote ';Yes'; on today's bills. It's amazing what tens of millions of dollars in oil lobbying can buy in Congress.





The only blessing of the bills' quick death is that it hastens votes on individual parts of the bill that will be submitted separately, including new rules and regulations on out-of-control energy trading
The problem is that the companies are corporations. Only if the industry was nationalized and became government owned could we guarantee that we, as a country, would benefit from the oil.





As it is now, the oil will be put on the international market and sold to the highest bidder. With the emergence of China, Brazil, and India, not to mention the European Union, we can't guarantee that we'll even see any of that oil.





Plus, since we have already shown our willingness to pay $4/gallon, the chances that the price ever comes down is next to nothing. Oil companies are like any other company, they will charge what the market can bear, and since it is such a vital resource, the market can pretty much bear anything. They will mazimize their profits whenever possible. So, we are fooling ourselves to think that prices are going to drop.





Also- understand that vast majority of oil is used for industrial purposes, not for gasoline. And then a huge portion of the gasoline made is also used for business and industry and not for average citizens.
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