Sea Dog
Ontario Can.
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Let me ask you this.
Do you believe that you should be able to buy gold produced in the US cheaper than gold from Canada or South Africa?
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ralexis
Flagstaff, AZ
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Joined: 12/09/2003
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Sea Dog wrote:Let me ask you this.
Do you believe that you should be able to buy gold produced in the US cheaper than gold from Canada or South Africa?
No, but spending U S Dollars overseas causes it's value to decline and therefore the price per barrel in U S currency is higher. The declining dollar is probably the single most important factor in higher costs for foreign oil. Even the currency is valued by it's own rules of supply and demand. The fewer dollars sent overseas, the better for our economy.
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globemaster9
Georgia
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Joined: 09/23/2006
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Liriope wrote:Giving the oil companies additional taxs break for drilling for oil when it is selling for $126 a barrel is akin to giving a farmer additional tax breaks for corn when if it were selling for $100 a bushel. Makes no since. they don't get tax breaks for drilling. Those tax breaks are for alternative energy development.
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globemaster9
Georgia
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dave54 wrote:Kenneth wrote:
People want immediate drilling in ANWR. If they start drilling today, it'll take 10 years for production to begin, and full production in 20 years will supply about 3% of the U.S. oil needs. 3% ain't nothing, but it isn't a solution.
If we started drilling ten years ago when it was a hot topic, ANWR oil would be in our tanks now. Remember -- the 'environmental' industry does not give a hoot about Caribou. Their goal is a radical transformation of the U.S. to a socialist centralized economy. All their environmental rhetoric is nothing but a green smoke screen to hide their true agenda. Read their literature and listen to their speeches ("We consider democracy and capitalism to be the greatest evils in the world today" -- Carl Pope, Sierra Club.)
And 3% is more than enough to lower global prices.
If we bought 3% less from foreign sources that puts 3% more back onto the global market, lowering prices worldwide. A voice of sanity. Thanks.
All these arguments that it would take so long to get the oil from anwar is silly. These are the same people that want alternative sources of energy. Yet ALL the alternative energy experts say it'll be 20 years before alternatives will be cost efficient or engineeringly feasible to put a dent in our oil requirements.
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jolooote
Miami, FL
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Since the world is fast running out of oil, I say we should use up all the rest of the worlds oil and save ours. The day will come soon when we have the only oil left. I wonder if we would be brave enough to charge China and the middle East $10,000 for a barrel of ours? 
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JIMNLIN
Big Cabin, OK
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anwar oil ?? LOL. It would go for the same price as the great Alaskan Pipeline oil does that was going to make oil cheaper for America. At the quickest it would be 5-7 years before drilling/transporting crude from anwar to our refineries. Lots of reading on many oil patch webs such as rigzone.com/etc on anwar crude from the well head to refineries. Even the drilling industry says it will take that long. Lots of theories and knee jerk reaction of blaming everyone/anyone/other groups. The bottom line falls right smack in the oil industry laps. Their the decision makers.
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jolooote
Miami, FL
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Oil is already waiting in long lines for a chance at getting to one of the few refinerys. Not enough refining capacity. Why drill for even MORE that would just increase the wait time.
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Titan Dude
Snohomish, WA
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Joined: 10/19/2006
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Um, the dollar ain't worth much right now? This has just more than a little to do with it all.
* This post was
edited 05/14/08 08:18am by an administrator/moderator *
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slowlane
Millersville, MD
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Kenneth wrote:People want immediate drilling in ANWR. If they start drilling today, it'll take 10 years for production to begin, and full production in 20 years will supply about 3% of the U.S. oil needs.
These assertions get quoted a lot, ordinarily by those trying to pooh-pooh the value of drilling ANWR, which makes them suspect right away. I would really like to see an authoritative source. I could believe those time spans and longer if we were depending on some government agency to do the job. But an oil company investing its money and hungry for ROI would not waste a minute getting in production.
If it really does take that long it would be due to all the ridiculous environmental harassment a company has to go through, not any technical reason. The area at issue is a barren wasteland, not some environmental treasure needing to be cherished.
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kmb1966
Houston
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Joined: 09/18/2005
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If anyone is waiting for the Exxon/Chevron/Shell/Conoco/BP boys to do anything about current market conditions, keep waiting. Not trying to bash these companies, but if my company was making record profits, the last thing I'd do is start expanding my capacity for supply, when that tight supply has allowed the flow of money to come my way. Why would you do anything to change that? If demand drops, just cut back production (do a little refinery maint) and make the price go up more. If you increase production, you run the risk of too much supply and then you can't yell "SHORTAGE"!!! when a little fog gets in the Gulf.
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