RichP
NAXJA Forum User
- Location
- Effort, Pa
winkosmosis said:I can't believe people are spouting this party line rhetoric about democrats preventing oil drilling. Give me a break. There is plenty of oil drilling, and the lack of drilling on some protected lands is inconsequential. There's not much oil in ANWR. Even if there WAS enough oil to make a difference in price, it would only delay the price increases slightly. It's a limited resource, and usage is only going up. The sooner we come to terms, like we are doing now, the better off we'll be in the future.
Drilling oil doesn't mean you permanently increase production forever, just that you use it sooner rather than later.
I map oil leases for Anadarko
I agree, this shoot up in oil is a bubble and its about to pop, a couple of VC's and investors I know from NYC who know a heck of a lot more than I do are already bailing out, saudi and opec are nervous, this puts alot of pressure on alternative fuels of which there are many. Hence saudi's press release about that meeting they announced today about bringing the prices back down, blowing smoke, maybe, only time will tell. Back in the 74 'engineered shortage' when this happened and the oil companies were dropping anchor of the tankers 100 miles out off the east coast waiting for the price to go up a couple of bucks [This I know for fact, at the time I was flying anti-submarine patrols on P3's out of willow grove with VP66 and VP64, from maine to florida and used to see them anchored out past the 50 fathom curve] it created a backlash that for the time was quite strong. Resulted in the feds starting up the 'Alternative fuels corporation' that scared the pants off the opec people, they in no way shape or form wanted ANY research in that direction for fear it would produce results and I can imagine it is having the same results today. There ARE people out there that want things to remain the same and when I say people I mean investors, retirement funds, VC's, etc, pretty much anyone who owns energy stocks. It does not surprise me that the feds are throwing up roadblocks for the coal to gas plants which are quite capable of producing not only LPG but gasoline and diesel that is much more pure than any refinery produces.
After some further poking around I found it was not only the governor of Montana that was being stonewalled by the feds but 8 other states that have running coal to gas plants as well, it took some digging and I'm surprised that more has not been made of this by the media but with the time they are wasting pushing Obama at every opportunity I guess there must not be any reporters to do any real investigative reporting.