Offshore drilling = lower prices? Maybe, maybe not

[Bobby Headrick]

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.

[DJD]

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.

[roadrunner]

We need to drill off shore this is where the great oil fields are located. We can be producing oil in 1 1/2 years. We also need to produce the oil shale regions in the west. This oil independence will stop the speculation almost immediately. When we talk off shore we are talking fifty miles off shore you will not even know they are there except when you run out there to fish around them.

50 miles is international waters and Russia has plans to drill off our shores and you can not stop them unless we drill first. We need to do this now but continue to develop alternative sources. High cost of fuel is what is driving your cost of food not the new ethanol plants. Think of the added cost of planting and harvesting, then transporting it to market then to the mill for grinding into flower then transporting it to the baker then transporting to warehouse then distribution to the grocery store. Every thing you buy is getting hit buy higher fuel cost.

[Moose1am]

Roadrunner why do you stretch the truth to the point that it's so obvious.

Do you really believe that they can build an oil rig in deep water and get it going in less than 10 years? Even the oil company exec say it takes 10 years to get the first drop of oil flowing.

Come on guy when you make claims like it only takes 1 1/2 years you loose any credibility that you had.

Ten years mate .... Ten years.....

And the effect of that oil flowing ten years later won't drop the price of gasoline more than 2 or 3 cents at most.

Now I heard the CEO of of one of the major oil companies telling the public in an TV interview that it takes them ten years to get the first oil out of the ground and to the refineries.

Perhaps you know more about oil building oil platforms in the Sea than the the CEO of that oil company? I seriously don't think so.

Russian is not planning on drilling off the coast of the USA. Even Cheney has admitted he started that rumor according to TIME MAGAZINE reporters. This was disputed on the Larry King Show. And Cheney started the China rumors too. All lies to distort the truth. Reminds me of the same lies that Cheney said about Mushroom clouds and Iraqi Ballistic Missiles striking the USA home land. All lies by Cheney and his political allies to get their way. The man has no honor. I don't believe anything that 5 deferment Cheney has to say anymore. He lost all credibility with me. And I use to think the guy was great when he was the Secretary of Def under Bush Sr during the first Gulf War. But I didn't know much about him back then.

Actually the high cost of food is caused by both the high prices of oil and the fact that most of the food corn is being used to make ethanol and that reduced the amount of corn used to make our food. When you decrease the supply and not the demand the price will go up in a free market. So you are only half right on this part of your post.

We all should agree that the cost of energy is too high.

Where we disagree is on how to reduce this cost for most Americans. Some rich folks don't care if gasoline cost $20/gallon. They have enough money they can still afford to buy gas at that price. And they won't have to worry about traffic jams as they will be the only folks that can afford to buy gas at those prices.

Global warming and protection of the environment can be accomplished while lowering the cost of energy if we turn to alternative and renewable energy sources such as wind, solar, geothermal, hydro and hydrogen fuel cell powers locomotives, trucks and cars.

Have you seen the commercial that T. Boon Pickens is running on TV. There is one smart oil man who has the right vision for the future. He is pushing using LNG which I support as part of the energy mix that we should be turning to now.

We need to drill off shore this is where the great oil fields are located. We can be producing oil in 1 1/2 years. We also need to produce the oil shale regions in the west. This oil independence will stop the speculation almost immediately. When we talk off shore we are talking fifty miles off shore you will not even know they are there except when you run out there to fish around them.

50 miles is international waters and Russia has plans to drill off our shores and you can not stop them unless we drill first. We need to do this now but continue to develop alternative sources. High cost of fuel is what is driving your cost of food not the new ethanol plants. Think of the added cost of planting and harvesting, then transporting it to market then to the mill for grinding into flower then transporting it to the baker then transporting to warehouse then distribution to the grocery store. Every thing you buy is getting hit buy higher fuel cost.

[roadrunner]

Moose what is food corn? Humans basically do not eat corn we feed it to livestock. When you produce ethanol you only lose a portion of the corn for feed stock. A by product of the corn from ethanol is corn oil taken before the process begins they are able to take 90% of the oil out of corn before they start the fermentation process. They can use this for biodiesel. The corn left after the ethanol is removed is called DDGS and is an excellent feed stock. One of the biggest reasons for the rise in corn price is that China, India and some other nations that use to consume corn, rice etc. has developed higher living standards and is now feeding livestock as we do and demand for grain has increased. Ethanol has definitely done its part. What we need to remember is ethanol was not meant as an alternative fuel but as an oxygenate agent. Also we need to remember we are still paying farmers to not farm tillable acres for conservation reasons.
The oil expert I heard on TV said once given the go ahead the CEO’s of companies that he talked to said they can have oil in 1 ½ year. I can’t imagine it taking ten years to build platform and drill a well this is something they have been doing for years. What you are saying is it will take 10 years because of the permitting that is required today. What I am saying if congress wants to solve our short term problems they can make it happen in a short time period.

If we would have passed Bush energy policy we would have eight years behind us but since we have set on our hands we need to shorten the process and get oil flowing ASAP.
And I will bet when this happens you will see future oil price drop to 60.00 / Barrel.

[apb]

...If we would have passed Bush energy policy we would have eight years behind us but since we have set on our hands we need to shorten the process and get oil flowing ASAP.
And I will bet when this happens you will see future oil price drop to 60.00 / Barrel.

And if we had listened to Carter on this in the late 70's, we might not be in the mess we are in right now....

[Moose1am]

And if we had listened to Carter on this in the late 70's, we might not be in the mess we are in right now....

Carter was smarter than your average GOP stalwart supporter.

Carter was ahead of his time and trying to lead a the uneducated masses who refuse to give up their way of life.

Carter was supporting the Synfuels which would have used coal to make oil. Germany did that near the end of WWII. South African used synfuels to make coal into oil back in 1980.

It was the GOP President Reagan that killed the Synfuel Plants in Western KY. By not going with the synfuel plants we set ourselves up to be black mailed again and again by Iran and OPEC.

Today thanks to our lack of planning over the last 7.5 years we are still in the same situation.

[DJD]

Ha ha you sir are amazing! There is no other word but amazing.

[Moose1am]

Thank you:

I noticed that you didn't refute anything that I posted. That says a lot!

BTW I thought you were going to stop this nonsense in here and go talk about fishing again?

I came back after a few hours and there you are again posting Rush Limbaugh Political Stuff.

As long as someone is in here posting political garbage I intend to dispute what's not factual and to set the record straight. At least until I get tired of debating again. That could be sooner rather than later.

I think I'll go work on the boat today.

You all have a good day now.

Ha ha you sir are amazing! There is no other word but amazing.

[DJD]

Moose,
I said I was giving up on the news media discussions but the topics are fair game! We can go to the website of the candidates and state facts of what the two say. Well not totally true, Nobama "changed" his site to go with his new policy of the surge is working. Hmmm who said it would work?? Bush/McCain did.
BTW, CNN Yep, CNN, 1 more time CNN, was stating that Nobama has overstepped his bounds by being a negotiator for the U.S. instead of the Commander In Cheif which is not his position. Shows this guys ego and inability to follow rules that ALL politicians follow. Chalk another aspect of "change" to Nobama...make the rules up as you go.

[DJD]

Carter was smarter than your average GOP stalwart supporter.

Carter was ahead of his time and trying to lead a the uneducated masses who refuse to give up their way of life.

Carter was supporting the Synfuels which would have used coal to make oil. Germany did that near the end of WWII. South African used synfuels to make coal into oil back in 1980.

It was the GOP President Reagan that killed the Synfuel Plants in Western KY. By not going with the synfuel plants we set ourselves up to be black mailed again and again by Iran and OPEC.

Today thanks to our lack of planning over the last 7.5 years we are still in the same situation.

So by your reasoning the years that Clinton was in office don't count? By your reasoning the fact that since the Dems came to power in Congress and Nancy Pelosi stood up and promised gas would be cheaper doesn't count? By you reasoning the fact the gas has doubled since they took power doesn't count?
Going back to the Carter years to make a point on fuel? Carter was smarter? Man oh man, yeah his legacy was how great of a President he was! The way the country was thriving because of how smart he was...Lol! Not buying that one.

[PL]

And if we had listened to Carter on this in the late 70's, we might not be in the mess we are in right now....

You are so right. I wonder which party made fun of him at the time? 30 years gone down the tailpipes cause big oil lobbies against anything that will hurt their bottom line....another fact. Corruption runs rampant throughout our government. Money talks and BS walks..................