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hironegro
Heavy Crude
Joined: Apr 08, 2008
Posts: 348
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 Posted: Thu Jul 17, 2008 8:28 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| Certainly ANWAR and Rocky Mountain Shale are problematic to say the least, but what is the issue with OCS drilling? |
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Canuk
Heavy Crude
Joined: Jul 04, 2008
Posts: 117
Location: Hamilton, Ontario, Canada
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| Posted: Thu Jul 17, 2008 10:08 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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The likelihood of any major fields are low.
If we drill we will remove the fantasy - its like a lottery ticket until you check the numbers you could too be a millionaire... |
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Peleg
Heavy Crude
Joined: May 20, 2008
Posts: 391
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| Posted: Thu Jul 17, 2008 10:33 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| hironegro wrote: | | Certainly ANWAR and Rocky Mountain Shale are problematic to say the least, but what is the issue with OCS drilling? |
Would you be surprised someday to see a nation called Colorado living comfortably off of it's oil shale reserves?
As for a national source, the scale means major environmental problems for that region which we know are insurmountable unless all civil benefits have been lost in the country and the economy is in desparate retreat. By then we might just want to find a bed and sleep off the last big gulp of light sweet crude before moving on to a hunter gatherer gig. |
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thuja
Light Sweet Crude
Joined: Oct 15, 2005
Posts: 1561
Location: Portland, Oregon
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| Posted: Thu Jul 17, 2008 10:34 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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Wow- Is this a Peak Oil web site? Aren't people here supposed to be marginally knowledgable?
Any oil discovered at ANWR or the OCS would be sold at the Global spot market rate. The small amount that would be produced ( a couple million barrels/day if we are lucky?) would be a drop compared to what is required and would be eaten up in bidding wars between us, the Chindians and emerging countries. There would be no price drop. At the best, drilling there could marginally slow the tremendous rate of inflation in oil prices.
And then...its gone...and then? Back to Square one...just a few years later.
For those of you all hopped up to drill... You call yourselves Peak Oilers? Go back to class! Back of the line! No soup for you! Do your homework! |
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Peleg
Heavy Crude
Joined: May 20, 2008
Posts: 391
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| Posted: Thu Jul 17, 2008 10:35 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| Canuk wrote: | The likelihood of any major fields are low.
If we drill we will remove the fantasy - its like a lottery ticket until you check the numbers you could too be a millionaire... |
That is a worthy quotable and a good insight. Do we really want to force the market to know the truth? Pay now or pay later. |
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eastbay
Moderator
Joined: Dec 18, 2004
Posts: 4438
Location: One Mile From the Columbia River
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| Posted: Thu Jul 17, 2008 10:41 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| thuja wrote: | Wow- Is this a Peak Oil web site? Aren't people here supposed to be marginally knowledgable?
Any oil discovered at ANWR or the OCS would be sold at the Global spot market rate. The small amount that would be produced ( a couple million barrels/day if we are lucky?) would be a drop compared to what is required and would be eaten up in bidding wars between us, the Chindians and emerging countries. There would be no price drop. At the best, drilling there could marginally slow the tremendous rate of inflation in oil prices.
And then...its gone...and then? Back to Square one...just a few years later.
For those of you all hopped up to drill... You call yourselves Peak Oilers? Go back to class! Back of the line! No soup for you! Do your homework! |
Thuja is 100% right. ANWR and OCS are an illusion. A dream. And I will tell you that I am NOT being sarcastic. It's as if there is nothing at all there. 
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Everything is Impermanent. Shakyamuni Buddha |
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Peleg
Heavy Crude
Joined: May 20, 2008
Posts: 391
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| Posted: Thu Jul 17, 2008 10:48 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| thuja wrote: | Wow- Is this a Peak Oil web site? Aren't people here supposed to be marginally knowledgable?
Any oil discovered at ANWR or the OCS would be sold at the Global spot market rate. The small amount that would be produced ( a couple million barrels/day if we are lucky?) would be a drop compared to what is required and would be eaten up in bidding wars between us, the Chindians and emerging countries. There would be no price drop. At the best, drilling there could marginally slow the tremendous rate of inflation in oil prices.
And then...its gone...and then? Back to Square one...just a few years later.
For those of you all hopped up to drill... You call yourselves Peak Oilers? Go back to class! Back of the line! No soup for you! Do your homework! |
However Great Thespian! You are not yet properly factoring in the role of politics and appearances in all of this. The trajectories of the system into the future are not birthed simply by reason but also by apearance and by knowledge both seen and unseen, public and private, admitted and hidden. If a bill giving some right to drill in expanded areas drives speculation out of oil and we end up back at $105 for a few years we have helped ourselves. The bill can still include staunch protections for ANWR. The fact is the oil majors will not make major efforts to find small fields anywhere with oil at $140 (there is a window of profitability that is scale dependent.) So why not let them give us a laundry list of their top 50 places and then use the Sharpee to make sure we keep things in perspective? |
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thuja
Light Sweet Crude
Joined: Oct 15, 2005
Posts: 1561
Location: Portland, Oregon
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| Posted: Thu Jul 17, 2008 10:55 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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[quote="Peleg"] | thuja wrote: |
However Great Thespian! You are not yet properly factoring in the role of politics and appearances in all of this. The trajectories of the system into the future are not birthed simply by reason but also by apearance and by knowledge both seen and unseen, public and private, admitted and hidden. If a bill giving some right to drill in expanded areas drives speculation out of oil and we end up back at $105 for a few years we have helped ourselves. The bill can still include staunch protections for ANWR. The fact is the oil majors will not make major efforts to find small fields anywhere with oil at $140. So why not let them give us a laundry list of their top 50 places and then use the Sharpee to make sure we keep things in perspective? |
Bah- and double Bah!
Allowing OCS and ANWR drilling is simply selling off the last piece of our ass we have left at cutrate Walmart sale prices. That oil will be sold on the market for 3-500$/barrel 10 years hence and we won't even know its vanishing.
You wish to sell off the last remaining oil we have left just for the spectacular hope that speculators will ramp down their enthusiasm for a few years (days?) and prices will diminish 20-30$/barrel. Bah!
This form of shortsightedness is what got us into this mess. Go troll the neocon websites or spend some time educating yourself to what the term Peak Oil means... |
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TheDude
Expert
Joined: Apr 06, 2006
Posts: 3386
Location: 3 miles NW of Champoeg, Republic of Cascadia
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| Posted: Thu Jul 17, 2008 11:02 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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We could nationalize the IOCs and mandate that American Oil Stays Here, ala the Dem plan to do same with refineries. Which would be based on the assumption bought and paid for politicians have our best interests in mind har har har.
| Bill Hicks wrote: | | “I’ll show you politics in America,” he added. “Here it is, right here. ‘I think the puppet on the right shares my beliefs.’ ‘I think the puppet on the left is more to my liking.’ ‘Hey, wait a minute, there’s one guy holding out both puppets!’ ” |
| Orlov wrote: | One area in which I cannot discern any Collapse Gap is national politics. The ideologies may be different, but the blind adherence to them couldn't be more similar.
It is certainly more fun to watch two Capitalist parties go at each other than just having the one Communist party to vote for. The things they fight over in public are generally symbolic little tokens of social policy, chosen for ease of public posturing. The Communist party offered just one bitter pill. The two Capitalist parties offer a choice of two placebos. |
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Cogito, ergo non satis bibivi
I will not abide another toe. |
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Plantagenet
Expert
Joined: Apr 09, 2007
Posts: 5899
Location: Alaska (its much bigger than Texas).
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| Posted: Thu Jul 17, 2008 11:03 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| thuja wrote: |
You wish to sell off the last remaining oil we have left just for the spectacular hope that speculators will ramp down their enthusiasm for a few years (days?) and prices will diminish 20-30$/barrel. Bah! |
Tell us more about the evil speculators and how they will continue to control the price of oil in the future!  |
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eastbay
Moderator
Joined: Dec 18, 2004
Posts: 4438
Location: One Mile From the Columbia River
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| Posted: Thu Jul 17, 2008 11:05 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| Plantagenet wrote: | | thuja wrote: |
You wish to sell off the last remaining oil we have left just for the spectacular hope that speculators will ramp down their enthusiasm for a few years (days?) and prices will diminish 20-30$/barrel. Bah! |
Tell us more about the evil speculators and how they will continue to control the price of oil in the future! |
Aren't you on vacation?
_________________
Got Dharma?
Everything is Impermanent. Shakyamuni Buddha |
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Plantagenet
Expert
Joined: Apr 09, 2007
Posts: 5899
Location: Alaska (its much bigger than Texas).
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| Posted: Thu Jul 17, 2008 11:06 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| hironegro wrote: | | what is the issue with OCS drilling? |
Nancy Pelosi. our current House speaker, is forbidding any oil drilling in new areas off the coasts so that there can never be another icky poo oil spill.  |
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thuja
Light Sweet Crude
Joined: Oct 15, 2005
Posts: 1561
Location: Portland, Oregon
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| Posted: Thu Jul 17, 2008 11:09 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| TheDude wrote: | We could nationalize the IOCs and mandate that American Oil Stays Here, ala the Dem plan to do same with refineries. Which would be based on the assumption bought and paid for politicians have our best interests in mind har har har.
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I love hearing conservatives talk about drilling here and paying less- as if the oil drilled here is sold at some fantastic rate for Americans. It is sold on the global spot market at global commodity rates. If the Chinese will bid 200$/barrel, then that is what it will be sold for.
Nationalization of oil is about the craziest plan imaginable. We have a 13 million barrel/day shortfall of oil that we make up through importing. If nations saw that we were keeping our oil for ourselves they might just say- "well I think we'll keep ours too." Guess who would be hurting more?
Last edited by thuja on Thu Jul 17, 2008 11:13 pm; edited 1 time in total |
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Plantagenet
Expert
Joined: Apr 09, 2007
Posts: 5899
Location: Alaska (its much bigger than Texas).
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| Posted: Thu Jul 17, 2008 11:10 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| eastbay wrote: | | Plantagenet wrote: | | thuja wrote: |
You wish to sell off the last remaining oil we have left just for the spectacular hope that speculators will ramp down their enthusiasm for a few years (days?) and prices will diminish 20-30$/barrel. Bah! |
Tell us more about the evil speculators and how they will continue to control the price of oil in the future! |
Aren't you on vacation? |
The fishing trip starts on saturday. I'm going to an "off-the-grid" fly-in lodge on the west side of Cook Inlet. I've been packing gear today.
The Coho run should be just starting.
Last edited by Plantagenet on Thu Jul 17, 2008 11:13 pm; edited 1 time in total |
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thuja
Light Sweet Crude
Joined: Oct 15, 2005
Posts: 1561
Location: Portland, Oregon
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| Posted: Thu Jul 17, 2008 11:12 pm Post subject: Re: Speaker Pelosi says no to more offshore oil drilling |
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| Plantagenet wrote: | | hironegro wrote: | | what is the issue with OCS drilling? |
Nancy Pelosi. our current House speaker, is forbidding any oil drilling in new areas off the coasts so that there can never be another icky poo oil spill. |
George Bush, our beloved leader, wants to whore our last resources to be sold on a global market to prop up the illusion that he can do something about Peak Oil.
Nancy may be completely clueless when it comes to what we are facing, but the neocon koolaid drinkers who think drilling ANWR and the OCS are the answer should be taken out back... |
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