I do give credit when its due:
QuoteThe Obama administration is expected to announce by Wednesday its updated plan for oil and natural gas drilling in U.S. waters, including whether to allow exploration for the first time along the U.S. East Coast.
The plan could pave the way for a significant new domestic source of energy, helping to reduce U.S. dependence on oil imports and boost supplies of natural gas used to displace coal in power plants as the country works to reduce emissions of climate-changing greenhouse gases
http://www.reuters.com/article/idUSTRE62T06520100330
Props to Obama on this decision.
Hey, here's a thought... how about drilling in places where they know oil is and have the leases and permits, etc, and are ignoring - to the tune of about 3/4 of the acreage that is available. i.e. they are only currently using about 1/4 of the available resource.
And the rig count has been rising again, since the price of oil has doubled.
Or better yet. Let's plant the heck out of marijuana and just get away from oil/gas completely. And have higher quality paper without cutting down trees (preserving the environment, reducing co2, etc). Not to mention the essential oil face creams...
This is fantastic. Credit to the President for turning away from an unsustainable energy policy.
They showed a map this morning. It's basically the old 2007 Bush offshore proposal with some restrictions to western FL and Bristol Bay, AK.
The North Alaskan coast will be opened in the Chukchi and Beaufort fields. This announcement alone will put significant pressure on the Arab nations to drop prices. US industry will get a jolt.
Looks like The President is going to create some jobs. WELL DONE!
(http://thecommune.files.wordpress.com/2009/02/chavez-parrot.jpg)(http://doesitallmatter.files.wordpress.com/2009/05/sean-penn.jpg)
SORRY BOYS!
Whatever else, let's hope this is the end of "Drill, baby, drill."
Quote from: we vs us on March 31, 2010, 11:31:48 AM
Whatever else, let's hope this is the end of "Drill, baby, drill."
Let's hope it's the beginning of an energy independence policy. This is good news for everyone.
Quote from: Gaspar on March 31, 2010, 12:08:29 PM
Let's hope it's the beginning of an energy independence policy. This is good news for everyone.
Maybe so, but Boehner the Boner is already denouncing it; what a surprise.
http://thehill.com/blogs/e2-wire/677-e2-wire/89999-boehner-rebukes-obama-offshore-drilling-plan
"Obama's decision "continues to defy the will of the American people," Boehner said in a statement, pointing to the president's decision to open Atlantic and Gulf of Mexico waters, while leaving Pacific and many Alaskan waters largely closed to exploration."
Boehner, shut the F&$k up already...
What a partisan moron, how about accepting this is a start and going from there?
Oh, and yes, kudos to President Obama for this.
Quote from: Gaspar on March 31, 2010, 07:34:27 AM
This is fantastic. Credit to the President for turning away from an unsustainable energy policy.
I'm glad that he's not afraid to look for solutions typically associated with either side of the aisle. I still think that it's just as pointless as when Bush proposed it, though. The size of the reserves isn't really important, what's important to reducing our dependence on oil imports is how many barrels per day we can pump.
I'm of the opinion we ought to leave currently unexploited fields unexploited. You know, save them for later when we need the oil to make plastic because we're running existing field dry from all the use in transportation. We can use all sorts of things to propel cars, while the number of things we can use to make plastic is limited to: old plastic (poorly), oil, and synthetic oil.
You guys aren't really going to fall for this Obama move to prove he's not a liberal are you?
Quote from: nathanm on March 31, 2010, 02:51:33 PM
I'm glad that he's not afraid to look for solutions typically associated with either side of the aisle. I still think that it's just as pointless as when Bush proposed it, though. The size of the reserves isn't really important, what's important to reducing our dependence on oil imports is how many barrels per day we can pump.
I'm of the opinion we ought to leave currently unexploited fields unexploited. You know, save them for later when we need the oil to make plastic because we're running existing field dry from all the use in transportation. We can use all sorts of things to propel cars, while the number of things we can use to make plastic is limited to: old plastic (poorly), oil, and synthetic oil.
Demonstrated reserves works as a nice hedge against the threat of higher energy costs by other nations, especially if they are tapped and all you have to do is open "the valve".
Boehner = fool
Another example of why they all need to be flushed in the next election.
Contrarians just to be contrary.
. . . and FOTD, President Obama is no less liberal by this act, he is simply acknowledging reality for the first time in his campaign presidency.
Quote from: Conan71 on March 31, 2010, 03:03:18 PM
Demonstrated reserves works as a nice hedge against the threat of higher energy costs by other nations, especially if they are tapped and all you have to do is open "the valve".
Not if you haven't proven you can pump the fields fast enough to keep up with demand.
FWIW, I think it's an unmitigated good if we map the fields and possibly even drill a test well or two. It's a good idea to know exactly what we've got. I just don't think we should be pumping like mad from a resource we're going to wish we had when the oil really does start running low.
Quote from: nathanm on March 31, 2010, 03:35:00 PM
Not if you haven't proven you can pump the fields fast enough to keep up with demand.
FWIW, I think it's an unmitigated good if we map the fields and possibly even drill a test well or two. It's a good idea to know exactly what we've got. I just don't think we should be pumping like mad from a resource we're going to wish we had when the oil really does start running low.
Nathan, sometimes I think you argue with me for the sake of arguing.
I never said we should be pumping like mad. It takes time to develop oil fields. In order for an oil field to be a hedge to help with demand and price fluctuations, you have to be able to have access to the oil, not sitting on top of a resource which cannot be tapped for five or ten years because there's no equipment in place to drill for or recover it.
Capiche?
"The plan could pave the way for a significant new domestic source of energy, helping to reduce U.S. dependence on oil imports and boost supplies of natural gas used to displace coal in power plants as the country works to reduce emissions of climate-changing greenhouse gases"
Too bad we don't get the oil :(
Quote from: Conan71 on March 31, 2010, 03:57:59 PM
Nathan, sometimes I think you argue with me for the sake of arguing.
I never said we should be pumping like mad. It takes time to develop oil fields. In order for an oil field to be a hedge to help with demand and price fluctuations, you have to be able to have access to the oil, not sitting on top of a resource which cannot be tapped for five or ten years because there's no equipment in place to drill for or recover it.
Capiche?
When you put it like that, I agree. I mistakenly assumed you were of the mind that not only should we explore the fields but we should immediately (or as soon as possible, anyway) start pumping everything we can from them. As I mentioned before, I think it's great for us to get a better idea of the resources we have available.
The USGS estimates 37 trillion cubic feet of gas and 4 billion barrels of oil under the Atlantic portion.
Not sure about the Alaskan tracts yet.
Quote from: Gaspar on March 31, 2010, 04:58:44 PM
4 billion barrels of oil under the Atlantic portion.
That's a big find..6-7 months of our oil usage. :P
Quote from: nathanm on March 31, 2010, 05:41:05 PM
That's a big find..6-7 months of our oil usage. :P
If we can reduce our costs over the next 10 years by adding domestic sources to the mix as we continue to explore alternatives, we are in far better shape.
You are right, it's not enough to make us completely independent. Far more needs to be done to free up more exploration. ;D
Quote from: Breadburner on April 01, 2010, 07:49:07 AM
Are you saying you are incredibly happy about this development?
Quote from: Gaspar on April 01, 2010, 07:56:55 AM
If we can reduce our costs over the next 10 years by adding domestic sources to the mix as we continue to explore alternatives, we are in far better shape.
You are right, it's not enough to make us completely independent. Far more needs to be done to free up more exploration. ;D
There's a lot more things on the horizon, even in our own relative back yard. Oil prices are high enough to support all sorts of alternate means of extracting oil. Steam flooding holes for oil which was otherwise not recoverable is starting to become more common.
I moist certainly am...Although I would rather use up all the Arabs oil before our own.....
Quote from: Gaspar on April 01, 2010, 07:56:55 AM
If we can reduce our costs over the next 10 years by adding domestic sources to the mix as we continue to explore alternatives, we are in far better shape.
You are right, it's not enough to make us completely independent. Far more needs to be done to free up more exploration. ;D
LOL, everybody talks like the United States pumps this oil out of the ground. A COMPANY gets the oil and sells it to whoever the hell pays the most. If its China then China gets it.
Quote from: Trogdor on April 01, 2010, 09:25:57 AM
LOL, everybody talks like the United States pumps this oil out of the ground. A COMPANY gets the oil and sells it to whoever the hell pays the most. If its China then China gets it.
It's just a hole in the ground that money comes out of.
The heretics aren't buying it....
Don't Be Fooled by Obama's Offshore Drilling Announcement
http://blog.heritage.org/2010/03/31/don%E2%80%99t-be-fooled-by-obama%E2%80%99s-offshore-drilling-announcement/
At least he's applying a little lube first.
It's all propaganda and BS. There was already 4 times the area available for drilling/exploration than was being used. Meaning roughly 4 times the production available with NO CHANGES IN POLICY!!!
Oil companies couldn't care less about "strategic" supplies for this nation, OR ELSE THEY WOULD ALREADY BE DRILLING/PRODUCING IN 4 TIMES THE AREA THEY ARE NOW.
They care about the dollars only.
And yeah, I spent many years (decades) in the industry.
Geez, what a bunch of crap....
If we were serious about energy independence we would follow the lead of Germany and go for 15% wind, 15% solar and ALL the rest from biomass ethanol ---- marijuana.
Anything else is just sticking of the collective "head" up the collective "you know what" and wondering why the sun don't shine!
Way cool burnout!!
Friend in high school would do that....almost.