Page 2 of 2 FirstFirst 12
Results 21 to 24 of 24

Thread: Should we drill for oil off the coastal United States and in Alaska?

  1. #21
    All League
    Join Date
    Jan 2006
    Location
    East of the Jordan, West of the Rock of Gibraltar
    Posts
    4,779
    Post Thanks / Like
    Sounds like a deal is on the table, ANWAR for federally funded Wind farms, Solar farms, for tax breaks on geo-thermal heat exchange systems, for plug in cars, for solar power research.

    I think the environmentalists should call Bush's bluff.


    After all he is playing politics on this.

  2. #22
    All League
    Join Date
    Jan 2008
    Posts
    3,638
    Post Thanks / Like
    [QUOTE=Winstonbiggs;2589721]Anwar is only a small part of the area that is off limits to oil and gas drilling.

    [url]http://www.nytimes.com/2008/06/19/washington/19drill.html?pagewanted=2&hp[/url][/QUOTE]

    that doesn't really address my question..

    do we export our domestic oil and import foreign oil?

    If so, would we use this new oil, or export it....to me, if it is the latter, then how will that truly impact the rise of oil prices..

    also, I thought oil, in terms of gold, has not gone up too much, yet in USD is has gone up considerably?

    I mean, is oil and gas more expensive because it is becoming more scarce or because the USD has fallen?

    anyone, anyone....Beuller, Beuller....

  3. #23
    Jets Insider VIP
    Join Date
    Aug 2005
    Posts
    13,179
    Post Thanks / Like
    [QUOTE=piney;2590227]that doesn't really address my question..

    do we export our domestic oil and import foreign oil?

    If so, would we use this new oil, or export it....to me, if it is the latter, then how will that truly impact the rise of oil prices..

    also, I thought oil, in terms of gold, has not gone up too much, yet in USD is has gone up considerably?

    I mean, is oil and gas more expensive because it is becoming more scarce or because the USD has fallen?

    anyone, anyone....Beuller, Beuller....[/QUOTE]

    We do export oil and import oil but oil prices are based on world wide oil so price isn't impacted. The advantage of producing even if we export is we can move exported oil into our own use if we are cut off and in this world that is a great hedge.

    Oil has gone up partially because the dollar has fallen but it has also gone up substantially against gold.

    Oil is becoming more expensive because the dollar is falling and demand world wide is increasing at a fast pace. You also have China subsidizing the price of oil which has increased demand by maintaining an artificially low price for it. That is also the case in VZ, Iran and all of the oil producing countries.

  4. #24
    Hall Of Fame
    Join Date
    Apr 2003
    Location
    Philly
    Posts
    38,782
    Post Thanks / Like
    [QUOTE=piney;2590227]
    I mean, is oil and gas more expensive because it is becoming more scarce or because the USD has fallen?
    [/QUOTE]

    both. comparing it to gold isn't any better of comparison because Gold is priced in dollars too.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Follow Us