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08-11-2012 10:13 PM  5 years agoPost 21
Dennis (RIP)

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Oregon

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and tell the world America is going to seek to be oil independent and start drilling everywhere and oil (energy cost) would have dropped.
This sounds great, but demonstrates a staggering degree of ignorance about oil and oil markets.
No it does not. Keep reading.
Then just consider this final little tidbit. We account for about 2.5% of the world's population, and yet we use 22% of the world's daily production.
OK, thats been considered. So what?
In other words, to say that we need to drill baby drill in order to produce all "our own" oil in order to drive down prices is just a little less ignorant that saying you want to flap your arms real hard and fly to the moon.
To say that we could not "drill baby drill" to flood the market with oil and that would not lower gas prices worldwide would even be more ignorant.

No offense. Yes, the oil market is huge. But, its not rocket science.

Liberty once lost, is lost forever.

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08-11-2012 10:26 PM  5 years agoPost 22
Phaedrus

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S. Orange County, California

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See, this is the issue, you see the facts but have no idea what they mean. WE DO NOT HAVE ENOUGH OIL TO "FLOOD" THE MARKET.

What part of that are you unable to understand?? We do not even have enough oil, let alone the ability to actually produce it fast enough, to supply our own needs.

But you think we do, despite ALL of the factual evidence to the contrary. Sorry, but that is the very definition of ignorant.

AMA Leader Member
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Team Futaba

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08-11-2012 10:35 PM  5 years agoPost 23
Dennis (RIP)

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Oregon

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See, this is the issue, you see the facts but have no idea what they mean. WE DO NOT HAVE ENOUGH OIL TO "FLOOD" THE MARKET.
Yes, we do. We simply do not have the balls in leadership to let us go get it.

Read On:

Booming oil discoveries level West's playing field
Oil and gas fields that were unknown or inaccessible a decade ago – in Argentina, North Dakota, Colombia – now offer the U.S. a glimmer of hope for self-sufficiency.

http://www.pressherald.com/news/nat...2012-05-26.html

Bakken: The Biggest Oil Find in U.S. History

Watch at YouTube

U.S. energy independence is no longer just a pipe dream

http://www.usatoday.com/money/indus...ENCE/54977254/1

US Again Leads the World in Oil Discoveries . . .

http://www.realclearenergy.org/char...veries____.html

Much, much more...........
But you think we do, despite ALL of the factual evidence to the contrary. Sorry, but that is the very definition of ignorant.
Factual evidence to the contrary ??

You have really got to stop watching MSNBC pal.

Liberty once lost, is lost forever.

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08-11-2012 11:21 PM  5 years agoPost 24
Phaedrus

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S. Orange County, California

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Wow, thanks for the memory jolt there. I've actually drilled wells in the Bakken Shale and in the Williston Basin, but what do I know.? How about what the United States Geological Survey? Think maybe they know? Probably not since they are not on Fox News..

http://www.usgs.gov/newsroom/articl...11#.UCbZPmOe5FA
The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels.
So, let's say there are 5 billion barrels recoverable. That has already been factored into the numbers I posted earlier. There is no other way to say it, if you believe that we can drill enough oil to not use any imported oil and that if we could we could fundamentally alter the market price, then you are truly dumber than a rock, even an oil shale rock.

So you can think anything you want to (which you usually do) and continue to demonstrate that you live in a fantasy world free from facts. Your world is flat, the sun revolves around the earth, and 2 and 2 equals 22.

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08-11-2012 11:31 PM  5 years agoPost 25
Dennis (RIP)

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Oregon

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The USGS estimate of 3.0 to 4.3 billion barrels of technically recoverable oil has a mean value of 3.65 billion barrels.
Your article is dated in 2008 pal.

New discoveries have been made since. All the links I posted are articles written this year on new oil discoveries.

Duh.
Wow, thanks for the memory jolt there. I've actually drilled wells in the Bakken Shale and in the Williston Basin, but what do I know.?
Ummmm. Well, beats me.
So you can think anything you want to (which you usually do) and continue to demonstrate that you live in a fantasy world free from facts. Your world is flat, the sun revolves around the earth, and 2 and 2 equals 22.
Ssssuuuuuurrrrreeee thing pal. You bet.

Liberty once lost, is lost forever.

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08-12-2012 12:01 AM  5 years agoPost 26
Phaedrus

rrKey Veteran

S. Orange County, California

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OK, "Pal". From one of the articles you cited:
Because oil is a widely traded commodity, oil market analysts say, the upsurge in production in the Americas does not mean the United States will be immune to price shocks.
Hmm, seems to disprove your asinine idea that we can significantly affect the price of oil.

From another of your sources:
In figures recently released, the International Energy Agency estimates that the US will be bringing on line 300,000 new barrels of oil per day in 2012,
Wow, that almost makes up for the loss due to decline from the North Slope/Prudhoe Bay which at its peak produced about 625,000 thousand barrels per day. It now does 225,000 BOPD. SO that 300,000 BOPD from the Bakken falls short of making up for what has been lost from Alaska by 125,000 BOPD.

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08-12-2012 12:10 AM  5 years agoPost 27
Dennis (RIP)

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Oregon

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Hmm, seems to disprove your asinine idea that we can significantly affect the price of oil.
Not really. Price shocks may very well happen up to the point we get enough oil for ourselves, then produce more than we need.

Of course, we are exporting now.

But, if we ever did reach the point of producing enough for our own needs, and flood the market with oil, then the price would come down.

In fact, all the way to getting enough oil for our own needs, the price will drop as the rest of the world becomes clued in to what we are doing. The Saudis would be sweating wondering where their next sale is going to come from. Excuse me, but, I would like to see them squirm a bit for once.
Wow, that almost makes up for the loss due to decline from the North Slope/Prudhoe Bay which at its peak produced about 625,000 thousand barrels per day. It now does 225,000 BOPD. SO that 300,000 BOPD from the Bakken falls short of making up for what has been lost from Alaska by 125,000 BOPD.
That does not take into account removing any oil from any new discoveries other than Bakken.

The natural gas alone that has been found in Alaska is far, far more than any ever discovered in the entire world. Switching a large part of fleets over to natural gas, we could burn that sh#t in those fleets for centuries upon centuries and still have plenty left over. But, of course, the loony lefties in Washington DC say no way man. You cannot have it. I was not aware there are any trees in Alaskan oil fields for the tree huggers to hug.

Duh.

Liberty once lost, is lost forever.

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08-12-2012 12:13 AM  5 years agoPost 28
nitro fun

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Oc ca

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Drill baby drill

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08-12-2012 02:54 PM  5 years agoPost 29
baby uh1

rrVeteran

St. James, Mo.

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http://www.usatoday.com/money/indus...ENCE/54977254/1

Good article! Seems to have alot of reality in it!

Anything is possible if you don't know what you are talking about!

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08-12-2012 03:16 PM  5 years agoPost 30
shawmcky

rrElite Veteran

Isle of Wight,United Kingdom

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Yeah baby,did you read the comments after??

Team- unbiased opinion.K.I.S.S principle upheld here

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08-12-2012 03:46 PM  5 years agoPost 31
baby uh1

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St. James, Mo.

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Only on here!

Anything is possible if you don't know what you are talking about!

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08-12-2012 03:49 PM  5 years agoPost 32
Noobyflyer

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Clearwater, FL

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---

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08-12-2012 05:09 PM  5 years agoPost 33
GyroFreak

rrProfessor

Orlando Florida ...28N 81W

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When will dictator obama declare martial law.
He has a dictatorship mentality, The constitution and law is meaningless to him, do whatever it takes to achieve.
Right ! And I worry he may pull some chit to the point he can declare a national emergency and take control with dictatorial power. With his contacts and support of the muslim fanatics, slip in a low grade nuke into a major city, set it off, no need for an election now.
Now that is extreme and very unlikely, but with his mentality and hate of the free enterprise system, it could happen.
(Crap, I just put myself on the Obama hit list)
Above was slightly edited since I first posted it.

I think about the hereafter. I go somewhere to get something, then wonder what I'm here after ?

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08-12-2012 05:18 PM  5 years agoPost 34
Dennis (RIP)

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Oregon

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Right ! And I worry he may pull some chit to the point he can declare a national emergency and take control with dictatorial power.
The possibility is there. But, I just can't see it happening.

To much would be against an attempt like that and not enough support.

No question in my mind, an attempt like that would finish off the Dem party for many, many years to come.

Liberty once lost, is lost forever.

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08-12-2012 05:39 PM  5 years agoPost 35
GyroFreak

rrProfessor

Orlando Florida ...28N 81W

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The possibility is there. But, I just can't see it happening.
I agree Dennis, and if it did happen, hopefully the military wouldn't put up with him very long and would restore constitutional rule again.

I think about the hereafter. I go somewhere to get something, then wonder what I'm here after ?

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08-12-2012 05:46 PM  5 years agoPost 36
Dennis (RIP)

rrApprentice

Oregon

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I agree Dennis, and if it did happen, hopefully the military wouldn't put up with him very long and would restore constitutional rule again.
Thats the most important aspect of this.

There is no way anyone could ever convince me that our military would back any president taking over as a dictator in the USA. That dictator would have to have the full support of the military.

And especially in this case, there is no way that would happen for the obvious reason that they do not like him at all.

In our present case, its more likely our military would turn against the Obummer.

Liberty once lost, is lost forever.

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08-12-2012 05:50 PM  5 years agoPost 37
Dennis (RIP)

rrApprentice

Oregon

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Liberty once lost, is lost forever.

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08-12-2012 06:02 PM  5 years agoPost 38
baby uh1

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St. James, Mo.

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That is a statistic that consistently runs through the democrat party.
They always think that someone else should pay for their socialist ideas!:rolleyes

Anything is possible if you don't know what you are talking about!

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08-12-2012 06:24 PM  5 years agoPost 39
fla heli boy

rrKey Veteran

cape coral, florida

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want a good laugh, check out what Biden gave last year. I think it was like 300 bucks, something like 0.005%...

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08-12-2012 06:26 PM  5 years agoPost 40
Dennis (RIP)

rrApprentice

Oregon

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want a good laugh, check out what Biden gave last year. I think it was like 300 bucks, something like 0.005%...
Yeah, when its compared between repubs and dems what they contribute to charities, its abysmal at best for the dems.

Dems feel very strongly that the government should be doing charity work. Not individuals like themselves. Even though there are obvious tax advantages for doing so.

Liberty once lost, is lost forever.

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