Off shore drilling?

[bodhitree]

So, what does everyone think about off-shore drilling?

I think we should lift the ban, it could ease energy concerns in the future. I am against drilling in Alaska, but why not off-shore?


Thoughts?

[MasterKiller]

The majority of oil land leases currently owned in America are undrilled because corporations use the estimated value of the oil in the ground to boost their stock values. The leases are usually awarded in 30-year increments, which means any new large reserves discovered since 1978 are probably untapped.


We do not need to drill in Anwar.
We do not need to drill offshore.

[1bad65]

It only makes sense to drill. When you can provide a commodity to yourself that is over-priced, only an idiot would object to you doing that.

Say that vegetable prices suddenly skyrocketed. You have the land, the know how, the right soil, and the means to produce some of your own vegetables yourself for alot cheaper. It's common sense what your solution should be.

[The Willow Sword]

Offshore drilling is not going to affect our gas prices here in the USA. In fact the Gas prices would go up even more to support the offshore drilling to even find caches of oil and that is IF there are any caches worth tapping. Its a stupid and typical move of the Bush administration to make everyone think they give a sh!t about the consumer in this country. Bush and his cronies have set their legacy and have guaranteed their childrens children a great life.

We need to get on the ball with Hydrogen fuel or something other than fossil fuels.

Say that vegetable prices suddenly skyrocketed. You have the land, the know how, the right soil, and the means to produce some of your own vegetables yourself for alot cheaper. It's common sense what your solution should be.

My answer to this is VERTICAL FARMING. Build hydroponic towers within city limits. this was in the news recently and i think it is a good idea given our crop situations in the midwest being flooded.

Peace,TWS

[1bad65]

Is the Law of Supply and Demand this hard to understand?

[Becca]

When it involes the very rich acting like they care about the little people? Yes. TWS is right; the big oil companies are already saying that the massive profits they are raking in are being "invested." The last thing we need to do is give them an even more visable "investment" to poor more "research and developement" into. Make then work for the bogus reasons they shouldn't be taxed as hard as any other buisness making billions in profits... That 30% tax rate the the Exon or what ever CEO was talking about was not about the top earners. He was using the struggling small company tax rates to lower the median tax rate he was quoting...

[MasterKiller]

Is the Law of Supply and Demand this hard to understand?

American oil strategy has always been "use theirs first."

[RD'S Alias - 1A]

I think that is a good strategy myself.

We have the ability to just drive the tesla and not need oil for transportation. I'd rather see that than more drilling.

Let the rest of the world run out first.

[1bad65]

American oil strategy has always been "use theirs first."

Agreed. And now that policy has resulted in high oil prices. So a solution has been suggested, and liberals say no to it.

What's their solution to high oil prices?

[1bad65]

When it involes the very rich acting like they care about the little people?

Oh Jesus. Whenever somone uses the words 'the rich' in a political argument you know your dealing with a Socialist who will berate your ideas, but never come up with any remotely feasable idea of their own.

[MasterKiller]

Agreed. And now that policy has resulted in high oil prices. So a solution has been suggested, and liberals say no to it.

What's their solution to high oil prices?

We don't need to drill more since we are already sitting on mountains of undrilled, accessible oil in the continental U.S.

The current price of oil is artificially inflated by the weak American dollar (which all oil is priced in), which is a direct result of the cost of the war in Iraq and all the money we have to borrow to support it. More dilling won't solve that.

There is (currently) no shortage of supply in the world.

[1bad65]

We have the ability to just drive the tesla and not need oil for transportation. I'd rather see that than more drilling.

The price of the 2008 Tesla Roadster base model is $98,000.

That's a real practical solution.

[The Willow Sword]

oh come on IBad Becca is not a socialist and neither am i. it doesnt take a socialist mindset to see and realize that the elite rich are securing their means by any means necessary and we are left to pay for it. How is your Income Ibad? you "Rich"? i doubt it. you are just like the rest of us here feeling the crunch at the pump and in the bank accounts. Unless you got some withered old rich sugar momma that you gotta eat out for your MMA lessons


TWS

[1bad65]

The current price of oil is artificially inflated by the weak American dollar (which all oil is priced in), which is a direct result of the cost of the war in Iraq and all the money we have to borrow to support it. More dilling won't solve that.

There is (currently) no shortage of supply in the world.

The main reason for the increase in oil prices is the emergence of China as the #1 consumer of OPEC oil. For decades the US was #1 and thus had more leverage with OPEC. We don't have that any longer. Within the last 5 years DEMAND went up sharply as a result of China's economy growing by leaps and bounds. Anyone with a clue will tell you that's the biggest reason for the surge in crude oil prices.

There is a larger DEMAND compared to the accessable SUPPLY of crude oil. That results in higher crude oil prices. It's Economics 101.

[1bad65]

How is your Income Ibad? you "Rich"? i doubt it. you are just like the rest of us here feeling the crunch at the pump and in the bank accounts. Unless you got some withered old rich sugar momma that you gotta eat out for your MMA lessons

According to Bill Clinton I'm rich. I make more than $36,500/year.

I work, as does my wife. Gas prices suck, especially when you drive cars like I have.

The solution is to increase crude oil supply and refinery capacity. It's really that simple. I do my part, I vote for candidates who understand economics and try to fix problems rather than candidates who use class warfare rhetoric and offer no solutions of their own.