More oil and clarification
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That I will agree with. NG is pretty much the norm in the southwest as well as the northwest I believe.
Originally Posted By: Tempest
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This answer underscores your lack of understanding.
Didn't know windmills could power gas engines...
We were talking about renewable energy period. But your point is well taken as per transportation.
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This answer underscores your lack of understanding.
Didn't know windmills could power gas engines...
We were talking about renewable energy period. But your point is well taken as per transportation.
I should start a Business where people can quickly pull in to have me check & increase their air in their tires to proper levels......
I cannot remember the number, but is a MASSIVE savings in gas!
Hummm... I could charge a $1 per vehicle. Hummm...
I cannot remember the number, but is a MASSIVE savings in gas!
Hummm... I could charge a $1 per vehicle. Hummm...
Originally Posted By: MarkC
The first "article" is not a very factual one, the USGS says ANWR's oil reserves are closer to 4.3 bb than the claimed 10.6.
Prudhoe Bay's record isn't as spotless as claimed either, though it is better than some anticpated.
Why continue to put up links to such "balanced" articles, which are nothing really but editorials coming from a certain prospective?
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In round numbers the study says there are between 6 and 16 billion barrels of technically recoverable oil in the study area. The mean (average) is about 10 billion barrels (a little less than Prudhoe Bay, the largest oilfield in North America, has produced in the past 25 years).
http://www.anwr.org/archives/1002_is_where_the_oils_at.php
http://www.sibelle.info/oped15.htm
Also this just in:
http://www.foxnews.com/story/0,2933,365627,00.html
I went looking for a CNN version for you but all I found was this: CNN LINK
The first "article" is not a very factual one, the USGS says ANWR's oil reserves are closer to 4.3 bb than the claimed 10.6.
Prudhoe Bay's record isn't as spotless as claimed either, though it is better than some anticpated.
Why continue to put up links to such "balanced" articles, which are nothing really but editorials coming from a certain prospective?
Quote:
In round numbers the study says there are between 6 and 16 billion barrels of technically recoverable oil in the study area. The mean (average) is about 10 billion barrels (a little less than Prudhoe Bay, the largest oilfield in North America, has produced in the past 25 years).
http://www.anwr.org/archives/1002_is_where_the_oils_at.php
http://www.sibelle.info/oped15.htm
Also this just in:
http://www.foxnews.com/story/0,2933,365627,00.html
I went looking for a CNN version for you but all I found was this: CNN LINK
Originally Posted By: Tempest
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What we should be doing is constructing public policy to go after every facet of renewable energy
Such as? And will it be as cheap as oil? NO.
How much has it cost us in terms of the foreign policy and military interventions required to secure the worlds mass oil fields over the last 5 decades? And how much will it cost us in the future to continue doing so???
You don't feel it directly in your pocket book.....well, actually you do now
........just for a certain military engagement happening right now, it's costing us 340 million a day.
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What we should be doing is constructing public policy to go after every facet of renewable energy
Such as? And will it be as cheap as oil? NO.
How much has it cost us in terms of the foreign policy and military interventions required to secure the worlds mass oil fields over the last 5 decades? And how much will it cost us in the future to continue doing so???
You don't feel it directly in your pocket book.....well, actually you do now
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Also this just in:
Just goes to show that the current version of Congress WANTS higher gas prices and will do what it takes to continue the trend.
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And how much will it cost us in the future to continue doing so???
That is a P topic that will get this thread locked so I won't go there, but I'm still looking for a viable gas substitute that will be readily available at anywhere near what gas costs that can be entirely produced domestically. There's not one even on the horizon.
Also this just in:
Just goes to show that the current version of Congress WANTS higher gas prices and will do what it takes to continue the trend.
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And how much will it cost us in the future to continue doing so???
That is a P topic that will get this thread locked so I won't go there, but I'm still looking for a viable gas substitute that will be readily available at anywhere near what gas costs that can be entirely produced domestically. There's not one even on the horizon.
It does seem krazy not to drill off shore. It seem apparent to me that this country is not going to survive much longer bc of our borrowing which is compounded by increasingly expensive oil. And whether we get a trillion barrels or 1 million it will totally be unrelated to procurement of renewable energy.
We might as well grab the last barrel as we go down for the count.
We might as well grab the last barrel as we go down for the count.
With the estimate of 10 billion recoverable barrels in ANWR, AFTER about a decade of full scale production and building of infrastructure, peak production would be a tick over 1 million barrels a day. We us 20 million a day already.
I don't even want to fathom what a barrel of oil will cost in 5 to 10 years, but I know this: ANWR will lower the cost by about .1%
Why not put the investment in wind and solar power or into research and development into other forms of energy?
Drilling is like procrastination at this point.
http://www.eia.doe.gov/pub/oil_gas/petro...xecsummary.html
If we could get all the ANWR oil out in one shot, we would consume it in a year!
I don't even want to fathom what a barrel of oil will cost in 5 to 10 years, but I know this: ANWR will lower the cost by about .1%
Why not put the investment in wind and solar power or into research and development into other forms of energy?
Drilling is like procrastination at this point.
http://www.eia.doe.gov/pub/oil_gas/petro...xecsummary.html
If we could get all the ANWR oil out in one shot, we would consume it in a year!
Originally Posted By: Drew99GT
I don't even want to fathom what a barrel of oil will cost in 5 to 10 years, but I know this: ANWR will lower the cost by about .1%
I've seen people throw this around. How do you know this? Can you prove this? I'll bet dollars to donuts if we actually drilled some more of our own oil, we could lower the cost 5-20%
I don't even want to fathom what a barrel of oil will cost in 5 to 10 years, but I know this: ANWR will lower the cost by about .1%
I've seen people throw this around. How do you know this? Can you prove this? I'll bet dollars to donuts if we actually drilled some more of our own oil, we could lower the cost 5-20%
Let's shake the speculators out of the current market, Release about half of the SPR at once and let the market determine what the price of oil will be.
I've said in the past that the real cause of higher oil prices (and commodities in general) is negative real interest rates and huge money pumping (expansionary money supply). Without these two factors, speculators would not be speculating on oil or commodities. Here is an article that makes this point makes more eloquently than I do:
http://www.financialsense.com/Market/wrapup.htm
see last two paragraphs.
Just FYI: if the government wanted to drop the price of oil and food, all they'd have to do is raise rates and decrease money supply. The cause-and-effect here is very straightforward. The question people should be asking is: when it's so straightforward, why isn't the government doing this? In fact, when Paulson was asked on CNBC whether he felt policy was needed to defend the dollar, he was completely non-committal and hedged his way out of answering the question.
http://www.financialsense.com/Market/wrapup.htm
see last two paragraphs.
Just FYI: if the government wanted to drop the price of oil and food, all they'd have to do is raise rates and decrease money supply. The cause-and-effect here is very straightforward. The question people should be asking is: when it's so straightforward, why isn't the government doing this? In fact, when Paulson was asked on CNBC whether he felt policy was needed to defend the dollar, he was completely non-committal and hedged his way out of answering the question.
Originally Posted By: Pablo
Originally Posted By: Drew99GT
I don't even want to fathom what a barrel of oil will cost in 5 to 10 years, but I know this: ANWR will lower the cost by about .1%
I've seen people throw this around. How do you know this? Can you prove this? I'll bet dollars to donuts if we actually drilled some more of our own oil, we could lower the cost 5-20%
I've seen people throw this around. How do you know this? Can you prove this?
Originally Posted By: Drew99GT
I don't even want to fathom what a barrel of oil will cost in 5 to 10 years, but I know this: ANWR will lower the cost by about .1%
I've seen people throw this around. How do you know this? Can you prove this? I'll bet dollars to donuts if we actually drilled some more of our own oil, we could lower the cost 5-20%
I've seen people throw this around. How do you know this? Can you prove this?
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Originally Posted By: VeeDubb
when Paulson was asked on CNBC whether he felt policy was needed to defend the dollar, he was completely non-committal
Paulson is just a high priced stooge thatgets sent out there to dutifully parrot the words "We care about the Dollar's strength" Yea right.He and Bernanke have cried "Wolfe" once too often.
when Paulson was asked on CNBC whether he felt policy was needed to defend the dollar, he was completely non-committal
Paulson is just a high priced stooge thatgets sent out there to dutifully parrot the words "We care about the Dollar's strength" Yea right.He and Bernanke have cried "Wolfe" once too often.
I agree Al. I find it funny to hear Bernanke and Paulson talk about inflation expectations and actions taken to curb oil prices, especially on a day when stock market futures were triple digits in the red pre-market. More plunge protection team strategy?
In any case, I'm willing to bet that we will not see a strong dollar or positive REAL rates for a good long time. The U.S. needs inflation to get us out of this sub-prime mess and to stimulate exports. In the mean time, they will talk a good game about how they care about a strong dollar and commodity inflation so the inmates don't riot.
In any case, I'm willing to bet that we will not see a strong dollar or positive REAL rates for a good long time. The U.S. needs inflation to get us out of this sub-prime mess and to stimulate exports. In the mean time, they will talk a good game about how they care about a strong dollar and commodity inflation so the inmates don't riot.
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Why not put the investment in wind and solar power or into research and development into other forms of energy?
How much energy will this supply for how much and when? This is an answerable question when drilling for oil.
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and let the market determine what the price of oil will be.
That is what is already happening.
http://www.townhall.com/columnists/WalterEWilliams/2008/05/28/futures_markets
Why not put the investment in wind and solar power or into research and development into other forms of energy?
How much energy will this supply for how much and when? This is an answerable question when drilling for oil.
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and let the market determine what the price of oil will be.
That is what is already happening.
http://www.townhall.com/columnists/WalterEWilliams/2008/05/28/futures_markets
Can we agree on one thing?
Expecting OIL companies or FORCING oil companies (via taxes or laws) to develop non-petroleum energy sources is either a fantasy, PR game, or there is actually money to be made in it!
Expecting OIL companies or FORCING oil companies (via taxes or laws) to develop non-petroleum energy sources is either a fantasy, PR game, or there is actually money to be made in it!
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but I'm still looking for a viable gas substitute that will be readily available at anywhere near what gas costs that can be entirely produced domestically. There's not one even on the horizon.
No you're not. You're rationalizing draining every last drop of a finite energy resource at the cheapest price available NOW for your convenience and short term economy.
but I'm still looking for a viable gas substitute that will be readily available at anywhere near what gas costs that can be entirely produced domestically. There's not one even on the horizon.
No you're not. You're rationalizing draining every last drop of a finite energy resource at the cheapest price available NOW for your convenience and short term economy.
Originally Posted By: Tempest
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Why not put the investment in wind and solar power or into research and development into other forms of energy?
How much energy will this supply for how much and when? This is an answerable question when drilling for oil.
You can put up a windmill site in 6 months. 100 windmills generating 60 MW and a peak of 150 MW. Like I said 30% of new generation last year was windmills..
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Why not put the investment in wind and solar power or into research and development into other forms of energy?
How much energy will this supply for how much and when? This is an answerable question when drilling for oil.
You can put up a windmill site in 6 months. 100 windmills generating 60 MW and a peak of 150 MW. Like I said 30% of new generation last year was windmills..
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