Insurance Agent Forum

[Krono]

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[Krono]

If you would like to put more pressure on our elected leaders for increased energy independence...sign the above petition...now standing at over one million signatures!

[TXINSURANCE]

I am all for drilling in the U.S. offshore, Alaska and tar sands.

With one important rule - ALL the oil must be sold to the U.S. market. Mark my words we will drill in the U.S. and EXPORT the oil to China and India - I guarantee it.

[Krono]

Originally Posted by TXINSURANCE

I am all for drilling in the U.S. offshore, Alaska and tar sands.

With one important rule - ALL the oil must be sold to the U.S. market. Mark my words we will drill in the U.S. and EXPORT the oil to China and India - I guarantee it.

I doubt that requirement would fly.

Right now the Saudis and other arab nations are profiting handsomely off of the sale of oil to China and India, while our trade deficit with those two nations continues to skyrocket. Better in our pockets than the Saudis.

But I understand your point. I think most of our domestic oil should go to the US consumer. However...I think it would be impossible to regulate. My guess is that it would lead to another unenforceable, nightmare bureaucracy. Adding regulations such as this would only further encumber private industry.

[Mr. Bill]

I have to admit I have very mixed feelings about all of this. Cheap gas has allowed the suburbinization of our cities, which in many cases has led to serious decline of the cities/inner cities/school systems, etc. I know of people who regularly commuted 3-4 hours per day, not using public transportation. Is that "right"? I would have to say, environmentally, not so. I'm not convinced that offshore drilling is the right thing to do, yet.

I also haven't been convinced that the concept of "peak oil" doesn't hold water. Therefore, I believe Bush was right telling the Saudis to diversify their economy or plan to fall into ruin. I would hope that the entrepreneurial spirit of America would lead to energy independence, because at these rates, the Chinese and Indians will be looking for their own energy independence as well! So short term, this really sucks big time but longer term I hope we all change.

[MAPDJim]

All we have to say is we are going to go heavily into drilling and watch the speculators jump ship and OPEC increase production faster than the ink drying on the bill.

Prices will drop almost immediately. Or...maybe not.

[Mr. Bill]

We could also remove the marginability of the futures contracts. This was done to most internet stocks in 2000. I believe we're still at 50%, which simply allows the speculators greater room. I know this was talked about months ago but I don't believe anything's been done.

Maybe good ol Ben can get together with some dumba$$ like Chris Cox and figure it out....

[padthaiforlunch]

Or we could do like Clinton did and start releasing oil from the National reserve. It worked back then and it would help now.

Of course, the price of oil won't really go down until we leave Iraq and get a sensible policy with Iran.

We are paying a war premium on oil. You can bet you way of life that when McC*nt bombs Iran our ecomony will take a body blow. Be prepared to leave your car in the drive.

What we need is this:

YouTube - H2O Car - Water Powered Car

[TimLett]

There is over 400 years of oil in Alaska and more oil in North Dakota than in Saudi Arabia. Shame on our legislators and the oil companies.

[Winter]

Originally Posted by padthaiforlunch

We are paying a war premium on oil. You can bet you way of life that when McC*nt bombs Iran our ecomony will take a body blow. Be prepared to leave your car in the drive.

Last time I left my car in the driveway your buddy Jimmy Carter was President and there were gas lines a mile long. I guess he knew how to deal with Iran huh?

Winter

[padthaiforlunch]

Originally Posted by TimLett

... and more oil in North Dakota than in Saudi Arabia. Shame on our legislators and the oil companies.

This is the second time today I have heard this bs. Where is this coming from, Fox News? Or some e-mail?

Please share who is feeding you false statistics to reinforce their propaganda.

According to the Energy Information Administration (EIA), the official energy stats of the US gov, the following is true:

Total proven reserves:
USA: 20 Billion barrels
Saudi Arabia: 260 Billion barrels.

[Mr. Bill]

Come on, get serious. We haven't had accurate stats on Saudi Arabia since they kicked us out 30 years ago. Funny. No new supply, but they keep upping the numbers on us!

[padthaiforlunch]

Originally Posted by TimLett

There is over 400 years of oil in Alaska ...

Fact: US imports 12,040,000 barrels per day. x 365= 4,394,600,000 barrels a year.

Fact: Proven Alaska reserves are 3,879,000,000 barrels.

Qed: Less that one year's worth of imports in proven Alaskan reserves according to EIA.

Why the big push to drill, backed by lies? To divert attention away from the real issue.

Wake up. Smell coffee.

Why are your leaders lying to you?

[Winter]

Originally Posted by padthaiforlunch

This is the second time today I have heard this bs. Where is this coming from, Fox News? Or some e-mail?

Please share who is feeding you false statistics to reinforce their propaganda.

According to the Energy Information Administration (EIA), the official energy stats of the US gov, the following is true:

Total proven reserves:
USA: 20 Billion barrels
Saudi Arabia: 260 Billion barrels.

Oh I dunno. Let's get grounded. A billion is a thousand million. A trillion is a million million. The Department of Energy estimates that the shale deposits constitute a reserve of two trillion barrels of oil. Two trillion here and two trillion there and pretty soon it adds up.

Winter

[Mr. Bill]

an interesting article:

The Globalist | Global Energy -- Saudi Arabia — An Oil Bust?

[MichaelJM]

Originally Posted by padthaiforlunch

Fact: US imports 12,040,000 barrels per day. x 365= 4,394,600,000 barrels a year.

Fact: Proven Alaska reserves are 3,879,000,000 barrels.

Qed: Less that one year's worth of imports in proven Alaskan reserves according to EIA.

Why the big push to drill, backed by lies? To divert attention away from the real issue.

Wake up. Smell coffee.

Why are your leaders lying to you?

LOL you need a hug biggie boy! You actually believe those "factual" lies?
Ya we have less than a year's supply in Alaska!!!!
Just like there was no chemical weapons in Iraq, unfortunately, that must mean the 12,800 gallons of sarin gas task force 145 scuttled in March of 03 was fake and I in fact have no nerve damage! My god glad we cleared that up. I must have been imagining all those black barrels marked "US Department of Defense" hence why the evidence was scuttled and the documents sealed. You keep believing your factual reports! Just like the factual agreement we signed in the 70s with Saudi to buy 1/2 our National debt in exchange for the US purchasing 80% of their oil needs from saudi indefinitely! Oh, what about the 246 billion the royal family of saudi pulled from our stock market 4 weeks prior to us going to Iraq!!! Ya that was classic! Wonder why they did that?? Hmmm...OH YA Saddam was selling millions and millions of gallons illegally for 1/2 the price to Syria! Holy crap? He was keeping the global cost of oil down!!! WOW!! hmm so why did we go into Iraq? There you have it! OIL! Unfortunately we got no piece of that financial pie...we just paid the price to avoid having our entire stock exchange crash from the withdraw of arab monies. Fact they own us! So will we drill our own oil? It is possible! Doubtful, but possible! Will it piss off the arabs? Who f&&&ing cares?? Everything pisses them off! Wake up and smell the crack pipe pad, we have more oil in ND and Alaska than the entire global reserve. Hippy douches prevented us from drilling it superficially, but the real perp was the Arabs.

[Winter]

Originally Posted by Mr. Bill

an interesting article:

The Globalist | Global Energy -- Saudi Arabia — An Oil Bust?