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SURRENDER = CHANGE
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 Posted: Wed Jul 16, 2008 2:31 pm Post subject: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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http://talkradionews.com/2008/07/boehner-blames-democrats-for-high-gas-prices/
| Quote: |
1.3 million Americans demand congress take action on oil
“Democrats in the House and Senate have stood in the way of
more American made energy” said House minority leader John Boehner (R-Ohio).
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Drill. Drill. Drill. |
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| Posted: Wed Jul 16, 2008 2:37 pm Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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On Jul 16, 10:31 am, "SURRENDER = CHANGE"
<progressive_libertar...@yahoo.com> wrote:
| Quote: |
http://talkradionews.com/2008/07/boehner-blames-democrats-for-high-ga...
1.3 million Americans demand congress take action on oil
“Democrats in the House and Senate have stood in the way of
more American made energy” said House minority leader John Boehner (R-Ohio).
Drill. Drill. Drill.
|
What about the over 60 millions acres of land currently leased by oil
companies that isn't being drilled at all? |
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Guest
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| Posted: Wed Jul 16, 2008 6:12 pm Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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On Jul 16, 12:27 pm, VRWC Destruction Machine <Right...@vrwcdm.com>
wrote:
| Quote: |
za...@construction-imaging.com wrote in crayon...
On Jul 16, 10:31 am, "SURRENDER = CHANGE"
progressive_libertar...@yahoo.com> wrote:
http://talkradionews.com/2008/07/boehner-blames-democrats-for-high-ga....
1.3 million Americans demand congress take action on oil
“Democrats in the House and Senate have stood in the way of
more American made energy” said House minority leader John Boehner (R-Ohio).
Drill. Drill. Drill.
What about the over 60 millions acres of land currently leased by oil
companies that isn't being drilled at all?
Having a lease is not as simple as it sound.
Those leases are just as productive as granting water rights in Death
Valley. One of these days, the Dummycrats will have yield to public
pressure. All that has to be done is to apply the same pressure the
people used on the Immigration Amnesty Bill.
http://online.wsj.com/article_print/SB121478199392114387.html
Obama's Dry Hole
June 30, 2008; Page A12
"I want you to think about this," Barack Obama said in Las Vegas last
week. "The oil companies have already been given 68 million acres of
federal land, both onshore and offshore, to drill. They're allowed to
drill it, and yet they haven't touched it – 68 million acres that have
the potential to nearly double America's total oil production."
Wow, how come the oil companies didn't think of that?
Perhaps because the notion is obviously false – at least to anyone who
knows how oil and gas exploration actually works. Predictably,
however, Mr. Obama's claim is also the mantra of Nancy Pelosi, Barbara
Boxer, John Kerry, Nick Ra hall and others writing Congressional
energy policy. As a public service, here's a remedial education.
Democrats are in a vise this summer, pinned on one side by voter anger
over $4 gas and on the other by their ideological opposition to
carbon-based energy – so, as always, the political first resort is to
blame Big Oil. The allegation is that oil companies are "stockpiling"
leases on federal lands to drive up gas prices. At least liberals are
finally acknowledging the significance of supply and demand.
To deflect the GOP effort to relax the offshore-drilling ban – and
thus boost supply while demand will remain strong – Democrats also say
that most of the current leases are "non producing." The idea comes
from a "special report" prepared by the Democratic staff of the House
Resources Committee, chaired by Mr. Rahall. "If we extrapolate from
today's production rates on federal lands and waters," the authors
write, the oil companies could "nearly double total U.S. oil
production" (their emphasis).
In other words, these whiz kids assume that every acre of every lease
holds the same amount of oil and gas. Yet the existence of a lease
does not guarantee that the geology holds recoverable resources. Brian
Kennedy of the Institute for Energy Research quips that, using the
same extrapolation, the 9.4 billion acres of the currently
nonproducing moon should yield 654 million barrels of oil per day.
|
Why are the oil companies leasing over 60 millions acres if there was
no chance there is any oil there? |
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Guest
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| Posted: Wed Jul 16, 2008 8:12 pm Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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On Wed, 16 Jul 2008 07:31:49 -0700 (PDT), "SURRENDER =
CHANGE" <progressive_libertarian@yahoo.com> wrote:
| Quote: |
http://talkradionews.com/2008/07/boehner-blames-democrats-for-high-gas-prices/
1.3 million Americans demand congress take action on oil
“Democrats in the House and Senate have stood in the way of
more American made energy” said House minority leader John Boehner (R-Ohio).
Drill. Drill. Drill.
|
Flame, flame, flame
Spam, spam, spam
68,000,000, acres all ready to be drilled
Now drill |
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geno4321
Guest
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| Posted: Wed Jul 16, 2008 8:39 pm Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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"SURRENDER = CHANGE" <progressive_libertarian@yahoo.com> wrote in message
news:4417cc4f-29b7-4161-bc8c-b80d9f0e8d89@m3g2000hsc.googlegroups.com...
http://talkradionews.com/2008/07/boehner-blames-democrats-for-high-gas-prices/
| Quote: |
1.3 million Americans demand congress take action on oil
“Democrats in the House and Senate have stood in the way of
more American made energy” said House minority leader John Boehner
(R-Ohio).
|
Drill. Drill. Drill.
Haa just another crappy swiftboater with 4 flat feet and a stalled brain. |
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VRWC Destruction Machine
Guest
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| Posted: Wed Jul 16, 2008 9:27 pm Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
|
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zacks@construction-imaging.com wrote in crayon...
Having a lease is not as simple as it sound.
Those leases are just as productive as granting water rights in Death
Valley. One of these days, the Dummycrats will have yield to public
pressure. All that has to be done is to apply the same pressure the
people used on the Immigration Amnesty Bill.
http://online.wsj.com/article_print/SB121478199392114387.html
Obama's Dry Hole
June 30, 2008; Page A12
"I want you to think about this," Barack Obama said in Las Vegas last
week. "The oil companies have already been given 68 million acres of
federal land, both onshore and offshore, to drill. They're allowed to
drill it, and yet they haven't touched it – 68 million acres that have
the potential to nearly double America's total oil production."
Wow, how come the oil companies didn't think of that?
Perhaps because the notion is obviously false – at least to anyone who
knows how oil and gas exploration actually works. Predictably,
however, Mr. Obama's claim is also the mantra of Nancy Pelosi, Barbara
Boxer, John Kerry, Nick Ra hall and others writing Congressional
energy policy. As a public service, here's a remedial education.
Democrats are in a vise this summer, pinned on one side by voter anger
over $4 gas and on the other by their ideological opposition to
carbon-based energy – so, as always, the political first resort is to
blame Big Oil. The allegation is that oil companies are "stockpiling"
leases on federal lands to drive up gas prices. At least liberals are
finally acknowledging the significance of supply and demand.
To deflect the GOP effort to relax the offshore-drilling ban – and
thus boost supply while demand will remain strong – Democrats also say
that most of the current leases are "non producing." The idea comes
from a "special report" prepared by the Democratic staff of the House
Resources Committee, chaired by Mr. Rahall. "If we extrapolate from
today's production rates on federal lands and waters," the authors
write, the oil companies could "nearly double total U.S. oil
production" (their emphasis).
In other words, these whiz kids assume that every acre of every lease
holds the same amount of oil and gas. Yet the existence of a lease
does not guarantee that the geology holds recoverable resources. Brian
Kennedy of the Institute for Energy Research quips that, using the
same extrapolation, the 9.4 billion acres of the currently
nonproducing moon should yield 654 million barrels of oil per day.
Nonetheless, the House still went through with a gesture called the
"use it or lose it" bill, which passed on Thursday 223-195. It would
be pointless even if it had a chance of becoming law. Oil companies
acquire leases in the expectation that some of them contain sufficient
oil and gas to cover the total costs. Yet it takes years to move
through federal permitting, exploration and development. The U.S.
Minerals Management Service notes that only one of three wells results
in a discovery of oil that can be recovered economically. In deeper
water, it's one of five. All this involves huge risks, capital
investment – and time.
If anything, the Democrats ought to be dancing in the streets about
"idle" leases. It means fewer rigs. The days of hit-or-miss
wildcatting have been relegated to the past by new, more efficient
technologies, such as seismic imaging, directional drilling (wells
that are "steered" underground) and multilateral drilling (multiple
underground offshoots from a single wellbore).
At the same time, finding new reservoirs has become far more complex.
Except for a few very large fields discovered decades ago like Prudhoe
Bay, most recent discoveries have been smaller, deeper and less
concentrated. The U.S. needs a continuous supply of discoveries to
replace declining wells.
Yet companies are not allowed to explore where the biggest prospects
for oil and gas may exist – especially on the Outer Continental Shelf.
Seven of the top 20 U.S. oil fields are now located in analogous
deepwater areas (greater than 1,000 feet) in the Gulf of Mexico. In
2006, Chevron discovered what is likely to be the largest American oil
find since Prudhoe, drilled in 7,000 feet of water and more than
20,000 feet under the sea floor. The Wilcox formation may have an
upper end of 15 billion barrels of recoverable oil and should begin
producing by 2014 – perhaps ushering in a new ultradeepwater frontier.
Likewise, in April, the U.S. Geological Survey revised its estimate
for the Bakken Shale, underneath the badlands of North Dakota and
Montana. The new assessment – as much as 4.3 billion barrels of oil –
is a 25-fold increase over what the Survey believed in 1995. Such
breakthroughs confirm that very large reserves exist, if only Congress
would let business get at them.
All of which has Democrats sweating bullets. The leadership is
desperate to avoid debating a Department of Interior spending bill,
because they know Republicans will offer amendments lifting the
drilling moratorium that may peel off some Democrats. Last week,
Chairman David Obey shut down the Appropriations Committee rather than
countenance more domestic energy production. Given Democratic energy
illiteracy, this is a fight the GOP can win if it keeps up the
pressure.
-
"A friend of mine was asked to a costume ball a short
time ago. He slapped some egg on his face and went as
a liberal economist."
-President Ronald Reagan 1988 |
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VRWC Destruction Machine
Guest
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| Posted: Wed Jul 16, 2008 9:27 pm Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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"SURRENDER = CHANGE" <progressive_libertarian@yahoo.com> wrote...
| Quote: |
http://talkradionews.com/2008/07/boehner-blames-democrats-for-high-gas-prices/
1.3 million Americans demand congress take action on oil
“Democrats in the House and Senate have stood in the way of
more American made energy” said House minority leader John Boehner (R-Ohio).
Drill. Drill. Drill.
|
The Dummycrats will stall on any flat decision on drilling until they
return from their month-long break in August.
-
"A friend of mine was asked to a costume ball a short
time ago. He slapped some egg on his face and went as
a liberal economist."
-President Ronald Reagan 1988 |
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VRWC Destruction Machine
Guest
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| Posted: Thu Jul 17, 2008 2:07 am Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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zacks@construction-imaging.com wrote in crayon...
| Quote: |
On Jul 16, 12:27 pm, VRWC Destruction Machine <Right...@vrwcdm.com
wrote:
za...@construction-imaging.com wrote in crayon...
On Jul 16, 10:31 am, "SURRENDER = CHANGE"
progressive_libertar...@yahoo.com> wrote:
http://talkradionews.com/2008/07/boehner-blames-democrats-for-high-ga...
1.3 million Americans demand congress take action on oil
“Democrats in the House and Senate have stood in the way of
more American made energy” said House minority leader John Boehner (R-Ohio).
Drill. Drill. Drill.
What about the over 60 millions acres of land currently leased by oil
companies that isn't being drilled at all?
Having a lease is not as simple as it sound.
Those leases are just as productive as granting water rights in Death
Valley. One of these days, the Dummycrats will have yield to public
pressure. All that has to be done is to apply the same pressure the
people used on the Immigration Amnesty Bill.
http://online.wsj.com/article_print/SB121478199392114387.html
Obama's Dry Hole
June 30, 2008; Page A12
"I want you to think about this," Barack Obama said in Las Vegas last
week. "The oil companies have already been given 68 million acres of
federal land, both onshore and offshore, to drill. They're allowed to
drill it, and yet they haven't touched it – 68 million acres that have
the potential to nearly double America's total oil production."
Wow, how come the oil companies didn't think of that?
Perhaps because the notion is obviously false – at least to anyone who
knows how oil and gas exploration actually works. Predictably,
however, Mr. Obama's claim is also the mantra of Nancy Pelosi, Barbara
Boxer, John Kerry, Nick Ra hall and others writing Congressional
energy policy. As a public service, here's a remedial education.
Democrats are in a vise this summer, pinned on one side by voter anger
over $4 gas and on the other by their ideological opposition to
carbon-based energy – so, as always, the political first resort is to
blame Big Oil. The allegation is that oil companies are "stockpiling"
leases on federal lands to drive up gas prices. At least liberals are
finally acknowledging the significance of supply and demand.
To deflect the GOP effort to relax the offshore-drilling ban – and
thus boost supply while demand will remain strong – Democrats also say
that most of the current leases are "non producing." The idea comes
from a "special report" prepared by the Democratic staff of the House
Resources Committee, chaired by Mr. Rahall. "If we extrapolate from
today's production rates on federal lands and waters," the authors
write, the oil companies could "nearly double total U.S. oil
production" (their emphasis).
In other words, these whiz kids assume that every acre of every lease
holds the same amount of oil and gas. Yet the existence of a lease
does not guarantee that the geology holds recoverable resources. Brian
Kennedy of the Institute for Energy Research quips that, using the
same extrapolation, the 9.4 billion acres of the currently
nonproducing moon should yield 654 million barrels of oil per day.
Why are the oil companies leasing over 60 millions acres if there was
no chance there is any oil there?
|
The areas leased are chosen by the government. There's a process
involved. Leases are auctioned off to the highest bidder. The winner
of the bid must then pay rent on the lease after purchasing it. And if
the winner manages to get oil out of the lease, he's got to give
anywhere from 10-25% of the gross revenues from it to the US Treasury.
Oil producers have to weigh the cost of drilling versus the gross
profit margin. Oil companies like Exxon-Mobil get an 8% gross profit
margin. Smaller companies stand to make a lot less and not make it
worth the capital the stockholders willing to invest.
The US Government makes 25% of the gross profit margin from a leased
location but does not risk any capital to get the oil. If government
would let the free market do the drilling without any restrictions
becoming energy independent could become a reality. But Government has
this reputation of not reacting to an issue until it becomes critical
meltdown.
-
Mitchell Holman thinks he is the greatest thing on
Usenet since Muhammed al Gore invented the Internet
and constantly whines about nics.
If Usenet revolves around Mitchie-Boy Holman why
won't he answer a simple question?
Who gives a rat's ass who Mitchell Holman is?
Carl Swanson does.Isn't that sweet? |
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Guest
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| Posted: Thu Jul 17, 2008 3:46 am Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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On Wed, 16 Jul 2008 16:27:10 GMT, VRWC Destruction
Machine <RightWay@vrwcdm.com> wrote:
| Quote: |
What about the over 60 millions acres of land currently leased by oil
companies that isn't being drilled at all?
Having a lease is not as simple as it sound.
|
Then the ability, permission, availability is NOT the
consideration----only the part where Oil Companies make
huge profits is? |
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Guest
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| Posted: Thu Jul 17, 2008 3:46 am Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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On Wed, 16 Jul 2008 21:07:04 GMT, VRWC Destruction
Machine <RightWay@vrwcdm.com> wrote:
| Quote: |
Why are the oil companies leasing over 60 millions acres if there was
no chance there is any oil there?
The areas leased are chosen by the government.
|
Then why do the Oil Companes lease it? |
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Guest
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| Posted: Thu Jul 17, 2008 3:47 am Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
|
|
On Wed, 16 Jul 2008 16:27:11 GMT, VRWC Destruction
Machine <RightWay@vrwcdm.com> wrote:
| Quote: |
"A friend of mine was asked to a costume ball a short
time ago. He slapped some egg on his face and went as
a liberal economist."
-President Ronald Reagan Entertaining his monkey-- 1988 |
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Phisher KIng
Guest
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| Posted: Thu Jul 17, 2008 5:03 am Post subject: Re: Wednesday July 16th 2008: STILL NO NEW DRILLING. |
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"SURRENDER = CHANGE" <progressive_libertarian@yahoo.com> wrote in
news:4417cc4f-29b7-4161-bc8c-b80d9f0e8d89@m3g2000hsc.googlegroups.com:
| Quote: |
http://talkradionews.com/2008/07/boehner-blames-democrats-for-high-gas-
prices/
1.3 million Americans demand congress take action on oil
“Democrats in the House and Senate have stood in the way of
more American made energy” said House minority leader John Boehner
(R-O
hio).
Drill. Drill. Drill.
|
With what? Manufacturing of drill rig equipment is backlogged to 2013.
Unless you have one that you aren't using and want to get started. Have at
it. |
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