This doesn't make sense

[stdreb27]

On Oil from americanSEN. CHARLES SCHUMER (D-NY): Well, you just heard from some of our Republican colleagues, and President Bush, his view how to reduce oil prices: Help the big oil companies. They're making record profits. They've strangled any attempt over the last seven years to produce alternative energy and reduce dependence on foreign oil, and they come here and say let's drill in ANWR, which Big Oil loves. We won't get any oil for 10 years, and it'll reduce the price about a penny. (it is estimated that anwar will produce about 1 million barrels a day)
http://www6.lexisnexis.com/publisher...382981&start=5
Sen Chuck Schumer (D-NY): "If they (Saudi Arabia) were to increase 800,000 barrel every day, the price would come down probably 35 to 50 cents a gallon," said Schumer. "That's a lot."
http://www.ny1.com/ny1/content/index...id=2&aid=81230

 

[darthtang aw]

Had we started drilling in Anwar back in the 90's when the house and senate passed the bill we wouldn't have gas prices we have now. But noooooooooooooooo...President clinton vetoed that bill then and his reason was it would take 10 years before the oil started coming out. well ten years from then is NOW!.....
How many of you would trade the anwar province which you will most likely never visit anyway for 2 dollar gas again? Christ, It isn't like we are asking to knock down Disneyland to install oil wells. But at this point I would consider that even.

 

[salty blues]

Originally Posted by Darthtang AW
http:///forum/post/2617827
Had we started drilling in Anwar back in the 90's when the house and senate passed the bill we wouldn't have gas prices we have now. But noooooooooooooooo...President clinton vetoed that bill then and his reason was it would take 10 years before the oil started coming out. well ten years from then is NOW!.....
How many of you would trade the anwar province which you will most likely never visit anyway for 2 dollar gas again? Christ, It isn't like we are asking to knock down Disneyland to install oil wells. But at this point I would consider that even.
I hear ya' bro. There was a story on the news a couple of days ago about some guy in Indiana who drilled and now maintains a producing oil well literally in his back yard.
If you can do this in freakin' Indiana I believe we ought to be able to do it in a little sliver of Alaskan tundra. Surely the caribou will not become extinct if humans can survive oil wells in their back yards in Indiana.

 

[cowfishrule]

the tree-hugging environmentalists blocked that.
now, part of me says we should leave ANWR alone; i personally like land that un-destroyed by mankind, but on the other hand, we are being left out to dry here.
Big oil isnt the problem. yes, they are making record profits, but that is being re-invested in new drillings, new alternatives (lets face it- crude wont be around forever), and lets not forget the tax they are being hit with by the govt (dig around for that info.
notice that they have been brought before this panel a couple of times, and are not finding anything.
personally, i dont like the govt telling anybody (or company) how much they are allowed to make. to me, that reeks of communism. and i dont like the idea of them taking big oil profits and re-distributing them to the rest of the country- that reeks of socialism.
think about it. would you like it if you owned a business and the govt took your profits and gave them away?

 

[stdreb27]

This has nothing to do with Anwar, the problem is with something else...

 

[cowfishrule]

Originally Posted by stdreb27
http:///forum/post/2617964
the problem is with something else...
my posts?

 

[bang guy]

Why should the Oil companies find alternative energy sources? That doesn't make sense to me.
I want alternative energy sources (like Nuclear Power) but asking the Oil companies to find it is rediculous.

 

[stdreb27]

Originally Posted by Bang Guy
http:///forum/post/2617979
Why should the Oil companies find alternative energy sources? That doesn't make sense to me.
I want alternative energy sources (like Nuclear Power) but asking the Oil companies to find it is rediculous.
Why not they are energy companies, eventually the technology is going to be obsolete? And if they haven't changed then they will go out of business.
Originally Posted by COWFISHRULE
http:///forum/post/2617973
my posts?
With Schumer's statements.

 

[stdreb27]

Since no one has said anything yet.
Someone needs to explain to me how 1 million barrels of oil from anwar will only lower price 1 penny.
But 800,000 barrels of oil from Saudi will lower it 20+ percent.

 

[reefraff]

What about the 70,000 barrels a days everyone was screaming at Bush for adding to the reserves

You figure the reserve is about the size of Delaware and the proposed drill site the size of a small airport. Yeah, going to spoil the who place

 

[stdreb27]

Although this 10 year thing is pretty accurate for the entire field to reach total output. But I'm working on a project right now that from discovery to first oil was achived in 3 years. So we feasably could see a signficant flow from Anwar in 5 years.

 

[bang guy]

Originally Posted by stdreb27
http:///forum/post/2618025
Why not they are energy companies, eventually the technology is going to be obsolete? And if they haven't changed then they will go out of business.
They are oil companies that take crude oil and refine it into fuel and plastic. It's not in their best interest to find alternative energy.

 

[reefraff]

Originally Posted by Bang Guy
http:///forum/post/2618327
They are oil companies that take crude oil and refine it into fuel and plastic. It's not in their best interest to find alternative energy.
Exxon, Shell and PB are all in alternatives alread. Its just not a visible part of their business at this point.

 

[nacl freak]

Special interest groups such as the BIG oil companies spend millions on lobbiest. Wineing and dining public officials. I think they should be hit with HUGE taxes when their profits hit a certain margin! If you remember back in the Carter days, we had a huge recession and gasoline was rationed. You had to wait in line for hours to get gas. That was 30+ years ago. Our leadership did nothing at that time to insure our independance from Arab oil. Technology for more fuel efficient cars and alternative fuel has also been around for 20 years yet AGAIN,THE SPECIAL INTEREST GROUPS BUY UP THE PATENTS AND SIT ON THEM FOR YEARS. Now at the twelth hour they begin pulling out the stops. Hitting them in the wallet is the only way to reign them in. Do unto others

 

[ophiura]

Many companies tied to the oilfield are looking at how they will survive in a few decades so yes most have back burner stuff going to build on. My "oilfield services" company is working on carbon sequestration and water resources.
Currently a lot is probably done for marketing opportunities. But no doubt they are thinking long term.
But people need to understand drilling technology and most do not. I think for most people the though of ANWR becoming like those old photos of gushing oil derricks is unpalatable. The reality is now drilling is low profile. Directional drilling and well technology has come a long long long way.

 

[ophiura]

Why on EARTH do people think that raising taxes on oil companies will make gas cheaper. They pass the taxes on to you. And BTW, the last thing we want to do is potentially drive oil companies out of the US, because if you REALLY want to see some unemployment and recession, that would be a great way to do it

 

[bang guy]

Originally Posted by reefraff
http:///forum/post/2618644
Exxon, Shell and PB are all in alternatives alread. Its just not a visible part of their business at this point.

Of course they are

. I'll bet their marketing department says they're making great headway toward eliminating the need for oil.
I think we should ask the steel industry to research alternative building materials.

 

[bang guy]

Originally Posted by ophiura
http:///forum/post/2618744
Why on EARTH do people think that raising taxes on oil companies will make gas cheaper. They pass the taxes on to you. And BTW, the last thing we want to do is potentially drive oil companies out of the US, because if you REALLY want to see some unemployment and recession, that would be a great way to do it

You have to admit that they don't really need tax rebates anymore.

 

[stdreb27]

Originally Posted by Bang Guy
http:///forum/post/2618327
They are oil companies that take crude oil and refine it into fuel and plastic. It's not in their best interest to find alternative energy.
I disagree, Because they know and we know that supply isn't infinite. And in whatever the timeframe is they if they want to keep their business together will need to evolved to meet the need of their customers. Short term you are probably right. But long term is another story.
Originally Posted by nacl freak
http:///forum/post/2618672
Special interest groups such as the BIG oil companies spend millions on lobbiest. Wineing and dining public officials. I think they should be hit with HUGE taxes when their profits hit a certain margin! If you remember back in the Carter days, we had a huge recession and gasoline was rationed. You had to wait in line for hours to get gas. That was 30+ years ago. Our leadership did nothing at that time to insure our independance from Arab oil. Technology for more fuel efficient cars and alternative fuel has also been around for 20 years yet AGAIN,THE SPECIAL INTEREST GROUPS BUY UP THE PATENTS AND SIT ON THEM FOR YEARS. Now at the twelth hour they begin pulling out the stops. Hitting them in the wallet is the only way to reign them in. Do unto others

Why not reign in the federal government, they are far bigger than any oil company? I'm sorry I really believe in the free markets, and if you want to be a conspiracy theorist and say that people are sitting on patents that is fine. But if something is sitting on the patent for something that will save that much on gas. then they would have already produced it. Go study game theory, that will help you understand why your statement is so improbable.
I'm against increasing taxes on oil companies or really any companies or persons for any reason. The Government not oil companies need to be riegned in.

 

[bang guy]

Originally Posted by stdreb27
http:///forum/post/2619400
I disagree, Because they know and we know that supply isn't infinite. And in whatever the timeframe is they if they want to keep their business together will need to evolved to meet the need of their customers. Short term you are probably right. But long term is another story.
We'll just have to disagree. Logically speaking, as soon as alternative fuels become cost effective the Oil refiners will no longer be viable at their current size. They make their money refining and selling their own oil to themselves. The only reason they are researching alternative fuels is so they can patent the technology to keep it off the market.
How can they evolve their multibillion dollar refineries to do anything but refine oil? Much of their profit is also from pumping oil out of the ground. What part of pumping oil can evolve to other functions?