Bush Says Drill, Drill, Drill — and Oil Drops $9!

Originally posted by Solo954
reply to post by Rook1545

 

Does that depend on the company you work for, what they wish to do with the waste? The reason why I ask is because i seen a documentary on an Oil company i believe it was shell. So anyway they were drilling in Africa and they were explaining how they usually dump the waste in local rivers and lakes, and the natives use these nearby sources of water for washing, fishing and even for
hygiene. Thats why I ask, i mean im pretty sure we have laws that protect us from that but I would be quite interested in hearing what really goes on.


[edit on 15-7-2008 by Solo954]

More where you work than who you work for. I am not too sure about the States, but here in Canada you even thought about doing that you are slapped with MASSIVE fines and you could lose your lease permits and operating licenses. Third world countries don't care so much as long as the government gets thier royalty money.

[edit on 15-7-2008 by Solo954]

Like I said in the post up the page a bit, its not just the oil that fouls the water, its the drilling mud, as well. Drilling mud is nasty.

I guess we would have to wait and see what happens. Maybe the people should vote for this not congress.

How much has the price of gas dropped?

OH Boy! More profits for the oil companies! Yay the economy is strong, look at the corporate profits! Wooo Hoooo we are all saved!

Now go tell the kids they should be happy to have oatmeal again for dinner!

Originally posted by ZindoDoone
If only that bastion of socialist power..Pelosi, will shut her mouth and let the Congress drop its ban, the price might get to the levels they where a year ago!!! I find it incredulous that the congress AND the President has its own form of ban on offshore drilling. Holding the populace hostage to they're whims. Damn foolish!!


Zindo

Liberals... They are behind all this,,, I hope they drill up california to ribbons! Maybe the whole place will sink, if we will get oil first.
This is great news I told these communist terrorist lovers many times here!

Bush 08!

Originally posted by Icarus Rising
Like I said in the post up the page a bit, its not just the oil that fouls the water, its the drilling mud, as well. Drilling mud is nasty.

Who cares we ain't gonna live for ever!
$300 gas here we come!

reply to post by winged patriot


$3.00

I can't fix my post for some reason?

Originally posted by winged patriot

Originally posted by ZindoDoone
If only that bastion of socialist power..Pelosi, will shut her mouth and let the Congress drop its ban, the price might get to the levels they where a year ago!!! I find it incredulous that the congress AND the President has its own form of ban on offshore drilling. Holding the populace hostage to they're whims. Damn foolish!!


Zindo

Liberals... They are behind all this,,, I hope they drill up california to ribbons! Maybe the whole place will sink, if we will get oil first.
This is great news I told these communist terrorist lovers many times here!

Bush 08!

How are Liberals behind this? It was George Senior that put the drilling moratorium in place. Is he a liberal? Or are you just looking for some kind of outlet for your anger issues?

Originally posted by TKainZero
Bush Says Drill, Drill, Drill — and Oil Drops $9!

Well then maybe Bush needs to say "Drill" about 49 more times and then we'll be getting somewhere. The other day I was thinking how I use to get upset when gas went above 1.25 per gallon, and now I get excited if it goes below 4? WTF?

you guys have no clue about the beaches, the water in Texas and Lousiana is shallow so it has lots of sand the reason for the dirty looking water. sometimes the blue water is all the way to the jetties in South padre and Corous Christie depends on tides and undertow.

When the tide is right it is just as clean and pretty as florida, the difffernce is the beach has dark sand destin has white sand.

do you guys ever pull your heads out long enough to actually leave th house and explore life? Some of the best sportfishing with a speargun is under the offshore rigs, they add more to the enviroment than they take away . If you could go back 500 yrs you would fine florida with pretty beaches and texas with dirty looking water just the way it is.

I am sure there is some pollution with them but not much, heck if you are so worried about it ? how much pollution was made for the laptop you are on or the shoes you are wearing or the tires on your hybnid ( get over your self and wake up)
if you have to buy your oil from someone else they will control the price, so if you can buy as little as possible from the muslims then you are btter off.
WAKE UP AMERICA OUR COUNTRY HAS SOME PROBLEMS BUT WE NEED TO HELP OURSELVES NOT EVRYONE ELSE.
My answer is remember 9-11 and pray for our troops who are fighting for our freedom, I would much rather fight in Iraq, Afganistan or Iran hell even France would be fine but not in America...
To ignore not drilling shows ignorance, i have not heard one good reason for not drilling... we have to drill if we are going to lose our dependence on Opec...

God Bless

reply to post by jtma508


Why is it everyone is simply blindly beliving a report that they havent even read? Or whose assumptions havent been challenged?
For example, is thier forcast based on the current amount of oil rigs worldwide? Does it assume that an increase in oil exploration would spur new construction of rigs, dericks, and offshore platforms? Does it take into account that by suspending its own regulations the US could spur other countries to do more exploration?

And even if true, that argument might work, if we hadnt been trying to drill for over 40 years.

Originally posted by ZindoDoone
Its not just speculators. It the fact that no more oil is being pumped by anyone than there was two years ago. India and China have raised there usage 40% in the last two years and the amount available is not being met. The barrel total needs to rise 60% to have more supply than demand. We need to drill and drill anywhere there is oil. China is already setting up rigs off the shore of Cuba. Thats OUR oil they are taking. If Washington doesn't get off they're asses and see whats happening we're in deep doodoo!
Zindo

--------------------------------------------------------

Maybe...this is what you mean..."No Oil is being Pumped"

AAAAaaaaaarrrrrrgggghhhhh!!!!!

Bush saying this means nothing!

Wells are capped all over the USA! The multi-national oil companies aren't drilling on all of the oil leases they already have!

This is nuts!

The only way out of this -- aside from tossing all Democrats and Republicans to the curb -- is to --short term-- nationalize all multi-national oil companies in America. Once nationalized and required to pump out all the oil in the leases that already exist, opening up all the pumps, then we can look at selling into to private individual U.S. Citizens -- but never again to globalist multi-nationalist fascist corporations!!!!!!!!!!!!!!!!!!!!

LOL

this is a funny thread, the only reason oil prices dropped today was because China has turned off its factories until after the olympics are over so the demand on the market signficantly dropped.

as soon as they turn back on it will be back up. The speculators will not stop until congress ends their ban which looks unlikely at the moment. Until then, there is no real reason for them to speculate that the price will come down.

this drop was just a blip due to China's reduced demand on teh market during Olympics.

Originally posted by Queen Maeve


Wells are capped all over the USA! The multi-national oil companies aren't drilling on all of the oil leases they already have!

Cant you people even look into your talking points?
A) not all leases have oil on them.
B) Not all those who do can have that oil extracted economically
C) even when a lease meets both A and B, often times the US government lease allows a company to drill, but not to actually extract oil out of the ground. That requires another approval which are often denied.

Originally posted by TKainZero

Originally posted by jtma508
Anyone knows that there won't be any effect on oil supplies for 10yrs if we started work tomorrow.

In my opinion, this is the kind of moronic thought that we need to stop.

10 years! Ten years to get a drop of oil out of the ground... that is a made up number, and most people bought it, bought it right from the mouth of the Major Media...



People that say it will take 10 years HAVE NO IDEA WHAT THEY ARE TALKING ABOUT.

Do you realise how long 10 years is??? We fought and WON WWI AND WWII in less then 10 years...
We finnished the Pannama Cannel in less then 10 years
We stated we wanted to go to the MOON, and in less then 10 years we did
The Trans-American Railroad, less then 10 years
The Manhatten Project, less then 10 years


But, we can do all these things? But we couldnt get a drop of oil out of the ground in 10 years... thats just moronic... and morons need to stop saying it... cause if you tell a lie enough times, people will start to belive it...


We could see our first barrel of oil in 2 months if we wanted... instead, our senators, and reps just want to argue, and complain about everything...

We have everything in place to get oil from places like ANWAR... we have pipelines built, platforms built... everything is in place... we just wait for congress to allow American COmpanies to drill...

Truely I agree with ALMOST all of this... and i agree that we need to start to open our as to to this TEN YEAR timeline, they draw... its such spin... we can get it much faster than that... so many things they try to spin away from and out of, we can produce or do much faster.... so many things many thinks are hundreds of years away, are already past them. There is so much we don't know, and so little we've seen, we can do almost anything; at this point....I'd assume.


i personally believe we need to steer off of oil...there are other energy sources we can gather and use...that are more constant like wind, and sun....
Unless they know an Ice age is coming because we have messed up ocean currents and are cooling them with the rapid reduction of Ice on the caps and on greenland and the remaining glaciers....all this cool water rapidly pouring into the oceans cooling the watwer temp. and the currents would make you think that if they knew this was coming,,,, we may want to stear away from to much investment in these energy sources???

Even a casual Google search will turn-up a wealth of links from every corner that underscore the point that expanded drilling will have little if any impact on oil/gas prices. Period. Drilling more oil is not the answer. That trian has left the station. Clearly we need to divest ourselves of imported oil. That will require reshuffling our current energy sources and pushing very hard on new technologies. Many of those technologies are well in-place and only need to be implemented on a wide-scale basis.

One stop-gap measure is presented here. This is from someone who has some knowledge about the oil industry.

I guess the OP is forgetting that the price that oil plummeted to was considered a record high about 3 weeks ago. Considering the current price of oil, closing at $138 a barrel is hardly newsworthy. This is pure sensationalism. Doesn't anyone remember that oil was below $100 on Jan 1 of this year? I guess we're supposed to go outside and shoot guns in the air in celebration of these new shockingly low prices.

Whatever!

Originally posted by jtma508
Yea right. We had a MAJOR oil crisis in the late 70's (in case your math challenged that's 30+ years ago). We saw our economy tossed into a recession, gas prices surge, people waiting in line for hours, rationing... the whole ball of wax. 30+ years. And what did we accomplish in that time? Well, let's see... we went from importing 24% of our oil to 70%.

So be careful who you're calling moronic. If you think all you do is stick your Stanley rechargeable in the ground you're crazy. New wells... most especially new OFF SHORE wells take years to build. And that's after we've found where it is we want to drill and assuming we hit on the first try.

If only things were really as simple as they seem to be in Rose-colored-glasses Land.

If you don't think they don't know EXACTLY where the oil is out in the Gulf and ANWAR, then you've been smoking something besides cigarettes...the offshore guys KNOW and have it all mapped out already and have been chomping at the bit for YEARS to get there, but couldn't...there are floating platforms sitting in port in the northern gulf just WAITING to have at it...sorry...didn't mean to slam ya, but just like the military, the offshore guys have contingency plans for this very thing...if they don't, then they are WAYYYYY more stupid than I thought...any good CEO of COO would've thought of this very scenerio a long time ago and have the plans drawn up and ready...there's always a few spare platforms in case they need them for what ever reason...they could get those heading out to sea TODAY and be drilling in less than a month...and since the majority of our countries refineries are along the gulf, the transit time from getting it out of the ground to production would be FAR less than the transit time from the Persian Gulf to those same refineries...COME ON Pelosi...do something useful for a change.

Sorry Plane I'm not buying it. You mean to tell me that you KNOW FOR A FACT that companies have spent millions of dollars to build platforms and are just letting them float idly in the ocean waiting for the opportuity to use them? Yet these same companies choose not to explore the massive tracts of leases they currently have?

And as far as "knowing exactly where the oil is I'll use ANWAR as an example (since this is supposedly the mother of all un-tapped reserves.

Only drilling will tell. The geologic indicators are very favorable for the presence of significant oil and gas resources in ANWR, but the limited data means that there is a high level of uncertainty about how much oil and gas may be present. Consequently, current estimates represent the best scientific guesses. However, most geologists agree that the potential is on the order of billions of barrels of recoverable oil and trillions of cubic feet of recoverable gas and that these resources may rival or exceed the initial reserves at Prudhoe Bay. The validity of these estimates can be proved only by drilling exploratory wells. Authorization for exploration must be given by Congress and the President.
(Source: Environmental Benefits of Advanced Oil and Gas Exploration and Production Technology, Department of Energy 1999)

As has been cited again and again and again in this thread, more drilling will do littel if anything to mitigate the situation. Only a reshuffling of our current domestic energy resources and a major push toward alternatives will provide any relief anytime soon.