Search Fishin.com
Page 1 of 3 1 2 3 LastLast
Results 1 to 12 of 30

Thread: Offshore drilling = lower prices? Maybe, maybe not

  1. #1
    RoadToad's Avatar
    RoadToad is offline Senior Member
    Join Date
    Jan 2007
    Location
    Louisville, KY
    Posts
    2,453

    Offshore drilling = lower prices? Maybe, maybe not

    I'm sure you're all aware of President Bush removing the executive ban on offshor drilling. This issue has been discussed extensively on this board, and I don't claim to have some new revelation on the subject, but when I was reading about it just now on CNN's web site, I came across an interesting paragraph:

    This is from http://www.cnn.com/2008/POLITICS/07/14/bush.offshore/index.html

    "Candida Scott, an oil industry researcher at Cambridge Research Associates, said oil needs to be priced at $60 a barrel or more to justify deep-shelf drilling. With oil now selling for $145 a barrel, companies are almost assured of profiting from offshore drilling, Scott said."

    If what this lady is saying is true, then it seems to me that prices can't go down too far, because if they do, the very offshore drilling that caused the price to go down will become unprofitable. Thoughts?

  2. #2
    DJD's Avatar
    DJD
    DJD is offline Senior Member
    Join Date
    Dec 1969
    Location
    Lexington, KY
    Posts
    10,244

    Re: Offshore drilling = lower prices? Maybe, maybe not

    I know it's going to take years to reap the benefits of drilling for our own oil but I say lets do it. Alternate fuel sources will take that long as well for any impact.
    The Dems are at a crossroads with this one huh? If they do the wrong thing here it's gonna back fire. Voters want action not debate since that's been going on for 30 years and look where we are today.

  3. #3
    Moose1am is offline Senior Member
    Join Date
    Dec 1969
    Location
    Evansville Area of Southern IN, USA.
    Posts
    1,482

    Smile Re: Offshore drilling = lower prices? Maybe, maybe not

    ,
    Last edited by Moose1am; 07-14-2008 at 10:48 PM. Reason: ,

  4. #4
    Moose1am is offline Senior Member
    Join Date
    Dec 1969
    Location
    Evansville Area of Southern IN, USA.
    Posts
    1,482

    Smile Re: Offshore drilling = lower prices? Maybe, maybe not

    I like the way that T Bone Pickens is talking. He is putting his money behind his talk. We need more guys like him in the USA leading the way for alternative fuels.

    Right now we can build Wind Mills. It won't take 15 years to get them into production. They can be up and running in a year or two.

    We have used oil for the last 100 years. First we used it for oil lamps as there were no cars before the Henry Ford Model T. Well there was no mass usage of internal combustion engines.

    Our rail road could switch to Hydrogen Fuel Cell technology tomorrow.

    We already have a natural gas (LNG) fueling station in Evansville, IN where I Live. The local power company converted a lot of their trucks to run on LPG.

    We can drill offshore but there is not guarantee that oil will be found there.

    Nobody but the oil companies knows for sure what's under the ground until they explore it by drilling.

    Bush is doing this for political reasons. Why did he not do this when he first took office. A good leader doesn't wait until thing are in chaos before he acts. He plans ahead. He could have easily dropped his daddy's ban on drilling for oil along the coast of the USA. Yes it was his father Bush Sr that ordered the ban on oil drilling when he was President. And Bush's bother Jeb was totally against drilling off the coast of Florida.

    If the oil companies had not screwed up so many times and messed up our pristine coast lines in Alaska there would not be as much opposition to their drilling plans. But they hired a drunk to run the Exxon Valdez and they are still paying for that mistake. And the people who live in Alaska where the Oil still contaminates the shorelines are paying more for that mistake.

    There have been other tanker that crashed on rocks and broke apart spilling millions of gallons of crude oil into the sea along coast lines.

    People who make a living off the tourist don't want that ruined by some mishap.

    We have a golden opportunity right now to develop new alternatives to using oil for energy.

    We are going to have to learn to use other forms of energy eventually. Even if we drill and find more oil we will only increase the worlds consumption and eventually run out of oil.

    China and India are putting more and more cars on their roads and more they have billions of Chinese who have yet started driving automobiles

    I hears a good joke last night about how people react to change.

    First they say it's too expensive

    Second they say it won't work

    Third they say "Why didn't we do that sooner?



    Quote Originally Posted by DJD View Post
    I know it's going to take years to reap the benefits of drilling for our own oil but I say lets do it. Alternate fuel sources will take that long as well for any impact.
    The Dems are at a crossroads with this one huh? If they do the wrong thing here it's gonna back fire. Voters want action not debate since that's been going on for 30 years and look where we are today.

  5. #5
    DJD's Avatar
    DJD
    DJD is offline Senior Member
    Join Date
    Dec 1969
    Location
    Lexington, KY
    Posts
    10,244

    Re: Offshore drilling = lower prices? Maybe, maybe not

    I agree that this is a political move but I also feel that this is needed. We should also be changing to alternative fuel sources as we speak and researching as we speak. I would like to see us not get pigeon holed into a few fuels like we are now.
    Lets get nuclear, natural gas, oil, coal, hrdrogen, wind, solar and whatever else is out there a try. (I know some of these are used now)The best will rise to the top.
    Holding back on options to ease the pain for the American people will be a major mistake for the Dems. Even if it takes 10 years to reap the benefits there will still be benefits and it's a plan. The U.S. might even be exporting oil at that time instead of importing so much if we have perfected an alternative fuel source by that time.
    I don't remember but have we had any spills in the gulf? Even with the Hurricanes? Serious question.

  6. #6
    mhall's Avatar
    mhall is offline Senior Member
    Join Date
    Dec 1969
    Location
    .LaGrange
    Posts
    8,819

    Re: Offshore drilling = lower prices? Maybe, maybe not

    Quote Originally Posted by DJD View Post
    I know it's going to take years to reap the benefits of drilling for our own oil but I say lets do it. Alternate fuel sources will take that long as well for any impact.
    The Dems are at a crossroads with this one huh? If they do the wrong thing here it's gonna back fire. Voters want action not debate since that's been going on for 30 years and look where we are today.
    Don is right. NOW 79% of Americans polled wants drilling to start today or sooner. The Liberal Dems better get off their high horse or come election day they better be packing their bags and go back to being blood sucking lawyers.

  7. #7
    apb's Avatar
    apb
    apb is online now Super Moderator
    Join Date
    Dec 1969
    Location
    .
    Posts
    2,649

    Re: Offshore drilling = lower prices? Maybe, maybe not

    Quote Originally Posted by mhall View Post
    ..The Liberal Dems better get off their high horse or come election day they better be packing their bags and go back to being blood sucking lawyers.
    A few other things that you might want to consider. First, oil companies already have leases to many millions of acres of land that they are NOT drilling right now. WHY? How is the off-shore oil any better? Second, you do realize that we EXPORT a good deal of oil and refined gas that we drill in the US. Again, why? If the supply and demand was so great here, shouldn't that oil/gas be sold here? Sorry, but I just don't buy the republican "drill, drill, and drill some more" energy policy. If we really want to do something, we should be getting serious about alternative fuel sources now. Just finding additional ways to keep us on the oil teet is not helping us one bit.

    Andrew

  8. #8
    RoadToad's Avatar
    RoadToad is offline Senior Member
    Join Date
    Jan 2007
    Location
    Louisville, KY
    Posts
    2,453

    Re: Offshore drilling = lower prices? Maybe, maybe not

    It's not just Democrats, aka "liberal Dems," who are at a crossroads; it's the nation as a whole. In case you forgot, the executive order that Dubya just lifted was imposed by his father. I repeat, the executive order banning offshore drilling, which President Bush just lifted, was imposed by none other than his father, then President George H. W. Bush. Was HE a "liberal Dem?" Senator McCain was originally opposed to lifting it, until he flip-flopped. Is HE a "liberal Dem?" Former Florida Governor Jeb Bush (Dubya's brother) fought long and hard against drilling off of Florida's coastline. Is HE a "liberal Dem?" Can we please stop blaming "liberal Dems" or "neocons" for our problems, and start working together on solutions?

  9. #9
    mhall's Avatar
    mhall is offline Senior Member
    Join Date
    Dec 1969
    Location
    .LaGrange
    Posts
    8,819

    Wink Re: Offshore drilling = lower prices? Maybe, maybe not

    Quote Originally Posted by apb View Post
    A few other things that you might want to consider. First, oil companies already have leases to many millions of acres of land that they are NOT drilling right now. WHY? How is the off-shore oil any better? Second, you do realize that we EXPORT a good deal of oil and refined gas that we drill in the US. Again, why? If the supply and demand was so great here, shouldn't that oil/gas be sold here? Sorry, but I just don't buy the republican "drill, drill, and drill some more" energy policy. If we really want to do something, we should be getting serious about alternative fuel sources now. Just finding additional ways to keep us on the oil teet is not helping us one bit.

    Andrew
    Andrew my ole buddy ole pal, fishing friend ect. ect., I too agree that alternative fuels are the real answer, however sitting on our hands doing absolutely nothing sure as heck ain't working either. I've always thought a little bit of something beats a whole lot of nothing. So what you are saying is basically do nothing until some Eienstein figures out a way for us to go 500 miles ona space age battery or something. We need something NOW to shake up the greedy oil tycoons and these line their pocket speculators, Just my very humble opinion. Oh yea I'll still fish with ya even though you are liberal, lol.

  10. #10
    mhall's Avatar
    mhall is offline Senior Member
    Join Date
    Dec 1969
    Location
    .LaGrange
    Posts
    8,819

    Re: Offshore drilling = lower prices? Maybe, maybe not

    Quote Originally Posted by RoadToad View Post
    It's not just Democrats, aka "liberal Dems," who are at a crossroads; it's the nation as a whole. In case you forgot, the executive order that Dubya just lifted was imposed by his father. I repeat, the executive order banning offshore drilling, which President Bush just lifted, was imposed by none other than his father, then President George H. W. Bush. Was HE a "liberal Dem?" Senator McCain was originally opposed to lifting it, until he flip-flopped. Is HE a "liberal Dem?" Former Florida Governor Jeb Bush (Dubya's brother) fought long and hard against drilling off of Florida's coastline. Is HE a "liberal Dem?" Can we please stop blaming "liberal Dems" or "neocons" for our problems, and start working together on solutions?
    I agree about working together. You are also right on your accounts of what sanctions had been in place. However if you check the voting records over the last several years you will see the Dem congress consistantly votes against drilling or almost anything they feel would impact the environment. In almost every case you will find that wall they throw up every time it's even brought up for discussion.

  11. #11
    Bobby Headrick is offline Senior Member
    Join Date
    Jan 2007
    Location
    Glasgow,Ky.
    Posts
    1,009

    Re: Offshore drilling = lower prices? Maybe, maybe not

    I fwe can put men on the moon, if we really did, and into space, then we should be able to do something about or energy problems. This is a great disscusion, as all of us seem to be on track with this, both repubs and dems, on this board, see if this bunch can start agreeing to somethins then maybe congress and our elected officials need to start looking at this board. This issue does not need to be a political one, as both parties in DC are making it, and I agree that both are to blame, but an issue for the people, as this crisis is affecting everyone in somway, finacially, physcally and mentally. It is not a W's fault, nor Clintons or W sr it falls manily on our elected Congress and Rep's and Senete, those are the one's that have held up everything and I blame 90% of our mess on these that we keep electing year after year. In order for this mess to be righted we need to clean up DC starting from the bottom up. Both Parties.

  12. #12
    DJD's Avatar
    DJD
    DJD is offline Senior Member
    Join Date
    Dec 1969
    Location
    Lexington, KY
    Posts
    10,244

    Re: Offshore drilling = lower prices? Maybe, maybe not

    I don't think we will ever get the politics out of this discussion because it's always about power and proving who is right and who is wrong. Any topic of debate with the politicians always goes into the gutter because the power struggle rises to the top. Lies, slander, misleading info backed by bogus studies always seems to be the norm in the debates. Just wait and watch the Presidential debates.
    We the people have lost and they the powerful have become out of touch. I listened to Obama at lunch and he's talking about re-investing into america and then talking about giving financial support to Pakistan for ten years if they do what we say. What? I don't remember hearing how he was going to cut spending. Anyone else hear what he plans on doing to cut spending?? Maybe I dozed off and didn't hear how. I know he talked about ramping up more troops into Afganistan (agreed) and having an exit strategy for Iraq with more troops. Spending billions on alternative fuel but were was spending cuts?
    Didn't get to hear from McCain yet.

Page 1 of 3 1 2 3 LastLast

Similar Threads

  1. Oil Drilling in Brazil
    By Chubminnow in forum "Off Topic" Posts here
    Replies: 5
    Last Post: 02-12-2010, 03:49 PM
  2. Sportsman's Warehouse - Selling Store Fixtures and Lower Prices.
    By Buckeye024 in forum Kentucky Discussion Board
    Replies: 5
    Last Post: 07-24-2009, 11:48 AM
  3. Offshore fishing trip - Sebastian FL
    By dlewisto in forum Florida Discussion Board
    Replies: 0
    Last Post: 02-17-2008, 01:02 AM
  4. Miami offshore
    By TheBEAST in forum Florida Discussion Board
    Replies: 0
    Last Post: 02-22-2007, 01:01 AM
  5. A bit for drilling through an aluminum hull?
    By bbhog in forum Kentucky Discussion Board
    Replies: 7
    Last Post: 03-08-2006, 07:36 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •