Bush to ask Congress to lift ban on offshore drilling
CBOTY 2010
Joined: Nov 2004
Posts: 34,786
Likes: 0
From: MI
they can't drop the price of gas so long as speculation and market trading keeps the price of oil at $140 a barrel
Apathy Kills
Joined: Nov 2002
Posts: 60,714
Likes: 0
From: The Left Lane
This will do nothing to move us away from a economically untenable energy diet. Nor will it provide any measurable relief at the pump. Even if the derricks hit oil today, the oil barons will sit on the reserves until they can exploit the situation and sell at top dollar.
Also, bear in mind that we haven't built a new refinery in the US in nearly 25 years. That's another bottleneck that would have to be overcome for this expansion in drilling to have any effect.
All that we'll get from an increase in domestic oil production is:
a) another record-setting quarter for ExxonMobil et al
b) much closer to the day when we *run* dry.
Regardless of the environmentalist angle, it's becoming quite clear that Hubbert's treatise on "Peak Oil" is correct. The Third world is consuming more energy per capita while the amount of recoverable oil per capita is at or past its peak.
Since it's getting harder to recover the oil we need, an intelligent society would recognize this as a sign that we must conserve. The last thing we should do is delude ourselves by accelerating our consumption of a finite resource and deferring investment in replacement energy sources.
It's a brave new world. Like or not, 20 mpg isn't going to be sustainable.
Also, bear in mind that we haven't built a new refinery in the US in nearly 25 years. That's another bottleneck that would have to be overcome for this expansion in drilling to have any effect.
All that we'll get from an increase in domestic oil production is:
a) another record-setting quarter for ExxonMobil et al
b) much closer to the day when we *run* dry.
Regardless of the environmentalist angle, it's becoming quite clear that Hubbert's treatise on "Peak Oil" is correct. The Third world is consuming more energy per capita while the amount of recoverable oil per capita is at or past its peak.
Since it's getting harder to recover the oil we need, an intelligent society would recognize this as a sign that we must conserve. The last thing we should do is delude ourselves by accelerating our consumption of a finite resource and deferring investment in replacement energy sources.
It's a brave new world. Like or not, 20 mpg isn't going to be sustainable.
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Last edited by TheOtherDave™; Jun 18, 2008 at 09:43 AM. Reason: correction on b)
Senior Member
Joined: Jun 2002
Posts: 14,544
Likes: 0
From: Holyoke, MA
This will do nothing to move us away from a economically untenable energy diet. Nor will it provide any measurable relief at the pump. Even if the derricks hit oil today, the oil barons will sit on the reserves until they can exploit the situation and sell at top dollar.
Also, bear in mind that we haven't built a new refinery in the US in nearly 25 years. That's another bottleneck that would have to be overcome for this expansion in drilling to have any effect.
All that we'll get from an increase in domestic oil production is:
a) another record-setting quarter for ExxonMobil et al
b) much closer to the day when we dry.
Regardless of the environmentalist angle, it's becoming quite clear that Hubbert's treatise on "Peak Oil" is correct. The Third world is consuming more energy per capita while the amount of recoverable oil per capita is at or past its peak.
Since it's getting harder to recover the oil we need, an intelligent society would recognize this as a sign that we must conserve. The last thing we should do is delude ourselves by accelerating our consumption of a finite resource and deferring investment in replacement energy sources.
It's a brave new world. Like or not, 20 mpg isn't going to be sustainable.
Also, bear in mind that we haven't built a new refinery in the US in nearly 25 years. That's another bottleneck that would have to be overcome for this expansion in drilling to have any effect.
All that we'll get from an increase in domestic oil production is:
a) another record-setting quarter for ExxonMobil et al
b) much closer to the day when we dry.
Regardless of the environmentalist angle, it's becoming quite clear that Hubbert's treatise on "Peak Oil" is correct. The Third world is consuming more energy per capita while the amount of recoverable oil per capita is at or past its peak.
Since it's getting harder to recover the oil we need, an intelligent society would recognize this as a sign that we must conserve. The last thing we should do is delude ourselves by accelerating our consumption of a finite resource and deferring investment in replacement energy sources.
It's a brave new world. Like or not, 20 mpg isn't going to be sustainable.
well spoken man!!!
