[///M Power]

Here is a petition to exploit our own resources.....why continue to fund those who want to kill us and our culture

American Solutions for Winning the Future

[USNSTI]

Under "energy solutions" all it says is "coming soon". Drilling all of our oil fields at once won't solve our energy crisis.

[///M Power]

I agree but we need to start harvesting our own resources and be less reliant on foreign sources of energy......I was listening to the Neal Bortz show and they were talking about this petition and from what I heard it made sense. I have yet to completely read the entire website however.


boortz.com: The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!

[USNSTI]

Read any and all of the books by Stephen Leeb. I am reading "the coming economic collapse" right now. Very informative on the subject....

[spaztwelve]

Originally Posted by ///M Power

I agree but we need to start harvesting our own resources and be less reliant on foreign sources of energy......I was listening to the Neal Bortz show and they were talking about this petition and from what I heard it made sense. I have yet to completely read the entire website however.


boortz.com: The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!

This debate has been going on forever. I'm not an environmentalist, however this is such crap. There is such huge lobbying in washington for this by those who would profit greatly. They've hired huge PR firms to continually bolster their case. This is MARKETING.

This is not a 'start' to harvesting our resources...it's sucking up the last drips in the cup. It will make no significant impact on the price of oil and still will be traded on in the same markets that are pushing prices high.


Tell me, where do you think we get most of our oil? Do you think it's from the Middle East?

[allwheelsdriven]

yeah just follow the money trail

[BrewPubeaver]

if we use up everybody elses, when it runs out we will still have our own...


global comerce right...


we have the cheapest fuel pretty much....

[Rootus]

Originally Posted by BrewPubeaver

we have the cheapest fuel pretty much....

Not really. Gas costs pretty much the same everywhere around the world. Some countries (example: in the middle east) subsidize it so the pump price is quite low. Some countries (example: Europe) add over $5/gallon in taxes to it and make the pump price quite high. Here in the U.S. we only add about 10% or so in taxes.

[allwheelsdriven]

i think the collision of the housing market dumping and contractors losing work and gas prices will put quite a few contractor pickups on the market

[BrewPubeaver]

Originally Posted by Rootus

Not really. Gas costs pretty much the same everywhere around the world. Some countries (example: in the middle east) subsidize it so the pump price is quite low. Some countries (example: Europe) add over $5/gallon in taxes to it and make the pump price quite high. Here in the U.S. we only add about 10% or so in taxes.

i was speeking as a consumer.

the barrel price is all the same i know.

[VanishingPoint]

Heres my take for what its worth.

Barrel prices are through the roof because investers think we are at the point that we are using faster or will shortly then can be drilled and pumped.

The US dollar value is falling like a rock. I dont keep up with it but my guess is between our trade deficit our national debt credit problems and sagging interest rates that is attached to every dollar it will not improve until we clean house. There are very expensive wars we are funding in the middle east dragging on the money.
Business going overseas, manufacturing builds wealth less manufacturing less wealth.

I believe that barrel prices will come back down, but not right away. I heard some where that if oil was off the futures markets it would be $60 a barrel cheaper. This will not last.

Coal in the US is almost inexhaustable we need to use more of it to help offset our oil usage. Considering global warming is a myth and Al got the cause and affect wrong this isnt even an issue.

If uncle Sam would give me a huge tax break to install solar cells on my roof and install a turbine for wind I would, but he dont, so how serious are we. When this stuff is worth the money it well be everywhere, but it will need help to get started.

To bad Ronald Reagon isnt running for office. He gotter going last time.
God Bless America
Not to worry we are the hardest working people in the world we will get through it.

Tony

[Rootus]

Originally Posted by BrewPubeaver

i was speeking as a consumer.

So was I . Think of it as a $5.20/gallon sales tax.European countries get a significant amount of tax revenue from fuel sales, where we choose to pay it other ways. It's still going to get paid one way or another, and it all works out in the end.

[CFar]

Originally Posted by VanishingPoint

Heres my take for what its worth.

Barrel prices are through the roof because investers think we are at the point that we are using faster or will shortly then can be drilled and pumped.

The US dollar value is falling like a rock. I dont keep up with it but my guess is between our trade deficit our national debt credit problems and sagging interest rates that is attached to every dollar it will not improve until we clean house. There are very expensive wars we are funding in the middle east dragging on the money.
Business going overseas, manufacturing builds wealth less manufacturing less wealth.

I believe that barrel prices will come back down, but not right away. I heard some where that if oil was off the futures markets it would be $60 a barrel cheaper. This will not last.

Coal in the US is almost inexhaustable we need to use more of it to help offset our oil usage. Considering global warming is a myth and Al got the cause and affect wrong this isnt even an issue.

If uncle Sam would give me a huge tax break to install solar cells on my roof and install a turbine for wind I would, but he dont, so how serious are we. When this stuff is worth the money it well be everywhere, but it will need help to get started.

To bad Ronald Reagon isnt running for office. He gotter going last time.
God Bless America
Not to worry we are the hardest working people in the world we will get through it.

Tony

Well thought out argument, so much so that it almost like you pulled it off of a journalists website (not to say it was). But I agree, drilling for oil here may bring down prices a bit, but we need to figure something out with our current suppliers and keep this hype going to get some electric cars in here so we can save our fuel for airlines/military.

If what you say is true about a huge coal supply (however nothing is inexhaustable), then we should get some cleaning techology behind it so emmissions are nill, upgrade our power grid and PUSH HARD to get a lot of plug in hybrids/pure electric cars produced. Bring this technology up to speed for transportation and cut back on our dependance. It needs to happen sooner than 2020 too, we need to start now.

In addition to all listed above, I know its been toyed with by private engineers, but a panacea needs to be created for making cars more efficient now. As in current vehicles on the road. MUCH easier said than done but I'm sure this wont be the only time Ill say this but, if we sent men to the moon, we can make our current vehicles more effective with the gas it uses.

If you consider that our military is the back bone for our superiority in this world, we need to maintain a fuel supply for it until designers can develop different modes of transportation that dont require it.

[///M Power]

Originally Posted by CFar

upgrade our power grid and PUSH HARD to get a lot of plug in hybrids/pure electric cars produced.

Agreed. Our power grid is so out dated that it can not handle an influx of plug in cars. We need to upgrade the grid to be able to support mass use of this technology.

[Tortfeasor STi]

Originally Posted by VanishingPoint

Heres my take for what its worth.

Barrel prices are through the roof because investers think we are at the point that we are using faster or will shortly then can be drilled and pumped.

The US dollar value is falling like a rock. I dont keep up with it but my guess is between our trade deficit our national debt credit problems and sagging interest rates that is attached to every dollar it will not improve until we clean house. There are very expensive wars we are funding in the middle east dragging on the money.
Business going overseas, manufacturing builds wealth less manufacturing less wealth.

I believe that barrel prices will come back down, but not right away. I heard some where that if oil was off the futures markets it would be $60 a barrel cheaper. This will not last.

Coal in the US is almost inexhaustable we need to use more of it to help offset our oil usage. Considering global warming is a myth and Al got the cause and affect wrong this isnt even an issue.

If uncle Sam would give me a huge tax break to install solar cells on my roof and install a turbine for wind I would, but he dont, so how serious are we. When this stuff is worth the money it well be everywhere, but it will need help to get started.

To bad Ronald Reagon isnt running for office. He gotter going last time.
God Bless America
Not to worry we are the hardest working people in the world we will get through it.

Tony

While I agree that the move of investment money from mortgage backed securities to commodities trading has significantly hurt the price of oil and is the lead cause for the food shortages in the 3rd world, I don't agree that the U.S. dollar is falling like a rock or that businesses are going overseas. The U.S. dollar has been gaining against the Euro and other currencies since it hit its low during the peak of the housing crisis. The reason the dollar collapsed in the first place is that our chief export to the rest of the world is our securities. Once mortgage backed securities started dropping in value due to the burst of the housing bubble the entire world's financial system sold out of those securities and out of the dollar causing a huge increase in supply of the dollar on the international market with a huge decrease in demand. The global money markets adjusted the value accordingly and the dollar dropped significantly in value. It has been bouncing back and forth recently based on the increase in global demand for our exports now that they are cheaper.

The real cause for inflation is the increase in oil prices due to commodities speculators. Anything and everything we buy depends greatly on our transportation system to get the products to us and the cost of such transportation is hugely affected by the price of oil, or more specifically fuel oil. If you think its bad here you should see Europe where in Spain and France Truckers have been blocking off major road ways in protest of the increases in the cost of shipping.

So, as much as I think government and the international community should be working together to fix these issues I don't believe the proverbial drop in the bucket that drilling in Alaska represents will make any difference at all. In fact it has been shown time and again that if we increased our refinery capacity to make up for the short fall of this in the rest of the world that we would reap greater benefits in oil prices. The reason being that there are a plethora of countries that have oil to export, but very few of them have the technology or workers skilled enough to meet modern fuel purity requirements. If we want cheaper oil, we should be investing in infrastructure. But because that costs money, the government would prefer we simply point fingers at Opec and the environmentalists for not letting us drill in our national forests.