1. Permits are down because of government regulations.
2. Knee jerk reaction. The drilling in the Gulf has been going on for years without an major mishap.
3. True there is not an everlasting supply, but my question is why does the government allow for gas and oil exports. Wouldn't be better to make the oil companies sell here first until the prices fell to a more manageable level. Maybe a gas export tax?
Its is also estimated that North America has the third larges oil reserve in the world and we have barely touched it.
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I WILL NOT INSULT YOUR INTELLIGENCE BUT YOUR LACK OF INTELLECT IS FAIR GAME
Remember the axiom of big government bureaucrats: If it moves, tax it. If it keeps moving, regulate it. When, finally, under the crushing weight of taxes and regulation, it stops moving, subsidize it. Going Postal
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I WILL NOT INSULT YOUR INTELLIGENCE BUT YOUR LACK OF INTELLECT IS FAIR GAME
Remember the axiom of big government bureaucrats: If it moves, tax it. If it keeps moving, regulate it. When, finally, under the crushing weight of taxes and regulation, it stops moving, subsidize it. Going Postal
that's a good question. maybe they summarised what he said after that. these intellectual types get wordy sometimes. i don't know why they don't quote him directly. i'd have prefered if they did.
i also could have used blogs which use that article quote as being directly from mr chu but i don't like blogs as sources of information and that would have been dishonest on my part.
i don't know what he desires.Regardless, do you believe that he desires higher gas prices or not? I think it's pretty obvious that he does.
personally i find it questionable when a litre of petrol can be sold for less than a litre of water. (for example - ballygowan 500ml is €1 and petrol here for a litre is €1.50). i don't think the cost of petrol takes in the full effect it has.
i absolutely agree. let's ban all corporate (and trade union) donations to help lower crony capitalism although i am realistic that this won't eradicate it fully.There is no policy except crony green energy capitalism that isn't helping.
my view would be that all permit application should be fully considered before being granted or denied. i'd be nervous when it comes to fast tracking most things.Don't you think that if they began fast tracking permits that it would encourage more? The problem is that they are holding them up and not approving them.
BP even recognise that the oil supply will end some day.Nope. There is oil all over the place, they just won't allow us to get it.
http://www.monbiot.com/2006/06/13/still-drilling/
according to http://fossil-fuel.co.uk/oil/how-oil-is-formed it takes millions of years to form oil so eventually considering current usage levels, then it will run because of the time it takes to form
there is the cost of the drilling operation. in many places, the cost of drilling is too expensive with oil prices where they are now so maybe they are waiting for oil to increase further to make it profitable to drill in these places.
also the benefit of exporting is that it brings in foreign money to the country and thus the employment level is increased by the use of the foreign money to make american jobs.
Last edited by IFF; 03-01-2012 at 01:45 PM.
e. e. cummings is my hero.
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