wrz | 8:00 p.m. Aug. 2, 2008

Like I said before, working the Demand Side for 9.2 MBPD is better than working the supply side for 3+ MBPD, the speculators will get a blacker eye.

Also, have you considered that oil is used for more than just fuel, petro chemicals, advanced materials, etc. Most of the information I have read says we have 60 to 75 years worth here in the USA, at current consumption rates.

Have you considered that there are countless new uses for oil, that have yet to be discovered or invented, so why burn through it in 60 years, WHY NOT SAVE IT FOR POSTERITY AND HIGHER USES than burning it for transportation fuel.

THE TIME FOR YOUR PLAN WAS 10 YEARS AGO ---- TIME FOR THE AMERICAN ENERGY REVOLUTION AND NATIONAL SECURITY ACT----NOW THIS ELECTION THIS YEAR.

VOTE ONLY FOR THOSE WHO PLEDGE TO END THE OIL BASED ECONOMY.

wrz
Who controlled both houses of Congress for the last two years when oil/gas started sky-rocketing and the dollar took a nose dive?

Why did the Democrats take them from the GOP? Because of the lousy job the GOP did, and the single minded focus on war and profit for Big Oil, Corporate America and the Top 1% of Tax Payers.

The current crisis�s were already in the pipeline, so don�t point fingers in the wrong direction. This is why our Government has lasted so long, when 1 party becomes untouchable and blatantly screws the Nation, they are voted out of office.

I would like to help elect John McCain, but his bowing to the Bushs and adopting their failed GOP policies has me looking to vote for Obama ( I really don�t want to), as he sees the light concerning --- OIL Dependence, National Security, Economic Prosperty, and Fairness of Taxation.
McCain needs to become a Maverick again, and hire T. Boone Pickens and Al Gore to head up his Energy Team.

There were a big bunch of oil wells capped in several different locations in Utah, Idaho, and Wyoming 20 to 30 years ago. Open them up some were reported to be large deposits, lets use up what has been discovered before we go drilling for more. Also it is reported that the Gulf of Mexico has a ton of crude yet to be drilled for. I'm not big on going into new areas, until we use what we already have.

The people that are against drilling are missing the point. We are aware that oil is limited, and that some day we need to get off of it, however we need something to bridge that gap.

People say that drilling won't lower the price of fuel have not been paying attention lately. Just the mention of drilling caused the price to lower, imagine what will happen once drilling begins.

The only truely green/renewable power supply that we have is nuclear. It has 0 carbon emissions, and once the fuel is spent can be reprocessed. Another added bonus is that scientists at Sandia labs have found a possible way to use waste heat to turn CO2 into fuel.

Also, wind and solar are useless unless there is some giant batter built to store that energy. With wind and solar you still have to have a generator running to pick up when the wind/solar power declines.

Thanks for the info. I, too, am a Chemical Engineer. I worked on tar sands extraction for my graduate degree some 30 years ago, along side those working on tar sands. What have we done with that resource?

Absolutely nothing! All we need to do to get some serious development of oil shale is to remove the moratorium on its development on Federal lands, provide a minimum price guarantee for oil produced from oil shale (about $50 per barrel would be sufficient). This business was getting started in the late 70's until the Arabs killed it by dropping their price for oil, keeping us addicted not to oil, but to their oil.

St. George is so busy blaming the oil economy and promoting mandated radical changes. Sure, there is a natural gas line near my garage, but the pressure in the line is less than 1 psi, and the storage container in a car needs to be pressurized to about 3000 psi. I can put a compressor in my garage for about $2,000, adding to the cost of the $24,000 civic. Sorry, I can't afford a new car, and I can't afford paying the taxes necessary to subsidize others purchases.

Sorry, typo. Should read "I worked on tar sands while other worked on oil shale."

And Query, when you say that drilling new sites won't all oil for nearly ten years, that is simply propaganda. The only reason it would take 10 years to bring oil to market is if the government continues to prevent its being drilled. In a free market, I would fire someone who couldn't bring on a new field in two years.

And nationalizing the oil industry is such a great idea. After all, they have done such a good job with the post office, Amtrak, medicare, social security.

Joe to Chemical Engineer | 12:44 a.m. Aug. 3, 2008

Joe, so now we know your stake in keeping the Oil Based Economy rolling.

Funny how you chide me for wanting to Mandate something to ensure National Security, Economic Prosperity, and Job Creation-----but it is ok for you to Mandate Profit for Big Oil to go after shale oil.

Query | 8:49 p.m. Aug. 2, 2008

"Who has any ideas about what our government could do that would lower gasoline (petroleum fuel) prices in the short term (meaning next five years)? Releases from the strategic oil preserve would only have a fleeting impact (a few weeks at most). Beginning to drill for oil -- lots of sites are currently available -- won't add oil to the available market for nearly ten years. Opening up off-limit sites such as ANWAR won't change the short term equation. So what do we do now?"

It's quite simple. Announce drilling. The market run-up is largely from futures speculation. Just announcing drilling will dry up the enthusiasm for speculation and the prices will fall. Sure, there's world demand, and that's what gives the speculators the green light. Speculators (as with other investments) live and die on perception. If they perceive increases in supply they will drop their futures contracts like a hot potato.

Query | 8:49 p.m. Aug. 2, 2008

Search Pickens Plan announcing a Federal Implementation of this would do exactly what WRZ says drilling would do.

wrz says just announcing drilling will send prices falling, because speculators will know there will be more supply to meet demand. The total supply added from drilling in ANWR and OCS is only 3.4 MBPD per Government Estimates.

IF YOU REALLY WANT TO SEND OIL PRICES FALLING, send the Market the message that Demand will be reduced 9.2 MBPD by passing legislation that will move our transportation sector off OIL within 10 years.

See my first post in this thread, for more information.

VOTE ONLY FOR THOSE WHO PLEDGE TO END THE OIL BASED ECONOMY