News-Record.com

Yeah ok, so maybe I agree that Oil Companies need more regulation and less corporate welfare...but do I believe that Oil Companies are out to destroy Americans, their best customers?

Two strategies for lessening their impact:

1. Use less energy.
2. Grow your own corn.

I'll go on record as not believing the Petroleum industry is run by "Pirates", or that they have any intent of "contributing to the downfall" of the U.S. of A.

That said ... they are in it for themselves and not for the country that helped them become what they are .. consider that if America was Venezuela ... there'd have been no retirement bonus for Lee R. Raymond.

... so butt-bump army wives as their US Soldier husbands pay with their very lives for securing the assets of the Exxons ..

what am I saying?

The true cost of oil must include not only the price at the pump plus the cost of environmental damage, e.g., " 'normal' pollution in the Gulf (caused by frequent spillages of oil and emissions of dirty ballast from passing tankers) ... Official statistics indicate that the Gulf is polluted by 1.14 million tons of oil per year (equivalent to 25,000 barrels of oil per day) .. dispersed by 40 percent of the more than 6,000 oil tankers which transverse the Gulf each year."

... plus the cost of securing the area, e.g., Gulf War 1 (Bush41, whom I like), Gulf War 2 (Bush43, whom I despise), Gulf War 3 (tbd) ...

I read that there is enough oil in North Dakota to last us 100 years. My question is why we are not drilling for it? Of course I still waiting for for that common sense plan the liberals had before the 2006 election, to lower gas prices.,that was highly praised by the liberal media, to kick in. Maybe Obama plan of taxing oil companies 15 billion dollars and giving it to the poor, will drive the prices down. I do not think Obama understands that the oil companies get that money from us. Lets face we are screwed.

... it's "technically recoverable" from low porosity shale and only 20 years worth, doggie .. but that's not insignificant ... and we are drilling for it.

I've read we've burned though about 1/3rd of the total estimated supply, know of another 1/3rd, and guess there's the final third.

Regardless let's piss it all away ... Yea! That's the conservative approach!

... consider Iceland was once fully forested .. as was Paris Island ...

The common sense lieberal plan to lower gas prices .. at least the one I saw .. consisted of long range elements, no quick panacea as the con's always imply.

I'm not fan of "taxing oil companies 15 billion dollars and giving it to the poor .."

... but if we eliminated the 20 billion dollars of direct corporate welfare given to oil companies, that would be a start, and then started charging the 20 Trillion dollars of indirect corporate welfare given oil companies (see above) .. that would be a real incentive towards being conservative ...

... but no, we'll just do partisan sniping .. yea, that'll save the day!

"Petroleum industry tries to destroy U.S. economy"
Dan would tell you there is a "dirty little secret" that they don't want you to know...they DO NOT want to destroy the economy. LOL!
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James says,
"... but if we eliminated the 20 billion dollars of direct corporate welfare given to oil companies, that would be a start, and then started charging the 20 Trillion dollars of indirect corporate welfare given oil companies (see above) .. that would be a real incentive towards being conservative."

YES! That's the real crux of the problem.

But somehow, folks have been bamboozled into thinking we "HAVE" to keep the oil companies on life support.

Those same folks jump up and down if some poor person gets assistance, but has no problem sending money to a charity called "EXXON-MOBIL".
Most of those who bought that argument, bought the argument that gay people getting married signals armageddon, and that liberals want to steal their guns and bibles!
Don't think those arguments are gonna fly anymore. GOP has gone to well far too many times with it.

Sorry for the last sentence above:

"THE" should have been between the words 'to' and 'well'.

Then it would have read:

"GOP has gone to the well far too many times with it."

My bad.

Petroleum industry tries to destroy U.S. economy

For the American citizen, the petroleum industry in the United States has decided to undermine and destabilize the economy.

modern-day Dr. Evil whose goal is to destroy you, the American citizen.

This sounds great, then they could all sit around their board rooms and sell each other the oil!

I don't know where the info about oil in the Dakota's comes from but I do know that the oil in Alaska and the Gulf of Mexico exist, which, if tapped could supply much of our needs and even reduce the price of the world market for oil. I also do not know where JDR gets the info about the spillage of oil in the waters of the world. If that is true I think the Algore followers would be all over it. We (the USA) have the technology to recover oil from land and sea so that the environment will not suffer. Just look at how Texas and Oklahoma have been laid to waste! Oh, the horror of it all. With regards to the profits of big oil. If the price of crude was just to gouge the USA I would agree. China and other 3rd world companies is what is driving the price up. Also the lack of refineries etc. in the US. The list goes on and on.

"I read that there is enough oil in North Dakota to last us 100 years." That would make North Dakota's reserves larger than the proved reserves of Saudi Arabia.
From Kiplinger: "The potential payoff is huge -- up to 100 billion barrels of oil. That’s twice the size of Alaska’s reserves and potentially enough to meet all U.S. oil needs for two decades."
The total PROVED reserves in North Dakota is whatever is in the tanks of the fuel stations. There are no proved or producing reserves at all. The cost of oil must remain above $115 per barrel to make drilling even break-even...but that is likely to happen. Even so, oil companies have been known to exaggerate claims as they did in Alaska, which was supposed to last 150 years. Given their previous overestimates and the fact that the wildest estimates say two decades of oil, there is probably three years of oil that will take twelve years to get.
Oil is a doomed way of life, time to move on.

"Oil is a doomed way of life, time to move on."

Are you saying that I've got to give up my 4-jug-a-year habit of Vaseline?

It really helps soften my feet.

Seriously, I agree we need to be more efficient and transition away from oil for fuel needs. But it's gonna be interesting to see how we make these keyboards we're typing on (and so many other recent technologies) without plastic.

http://politicalhumor.about.com/od/politicalcartoons/ig/Political-Cartoons/Bush-Begs.htm

That other LTE got me on a cartoon kick.

" I also do not know where JDR gets the info ... "

Here ya go, Bohica

http://www.amazon.com/Environmental-Impact-Offshore-Oil-Industry/dp/096718360X/ref=sr_11_1?ie=UTF8&qid=1211388191&sr=11-1

Enjoy!

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http://www.unep.org/Documents.Multilingual/Default.asp?DocumentID=487&ArticleID=5350&l=en