 Oil excsecs ask Congress to allow more U.S. drilling |
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| Oil excsecs ask Congress to allow more U.S. drilling |
 May 21 2008, 10:03 AM
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#1
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48  |
http://www.chron.com/disp/story.mpl/headli...iz/5794229.html
QUOTE WASHINGTON — Oil executives today challenged lawmakers to open more areas to drilling and send a signal to the world about the United States' resolve to deal with its own energy problems. "If the nation set a goal of increasing domestic production by 2 (million) to 3 million barrels a day by opening up new sources of exploration and production, we could demonstrate to the world that we are in control of our own destiny," Shell Oil Co. President John Hofmeister told a Senate panel today. Just last week, President Bush was unsuccessful in persuading Saudi Arabia to crank up its oil output significantly. Chevron Vice Chairman Peter Robertson argued that the United States can't expect other countries to increase their production "when we limit our development without good reason." pretty interesting note here: QUOTE With the U.S. economy slowing, motorists reacting to higher gas prices and use of ethanol on the rise, the nation's reliance on foreign oil will fall this year for the first time since 1977. Hofmeister, pointing to government data, noted that imports made up 57.9 percent of U.S. oil consumption during the first quarter, down from 58.2 percent in the same period a year ago. Now I guess we'll sit back and see if our congress can do what's necessary. |
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May 21 2008, 10:23 AM
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#2
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 Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
My prediction is that even as U.S. consumption falls, price will continue to rise, proving that the correlation of "U.S. consumption causes the world's woes" is false.
-------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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May 21 2008, 10:30 AM
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#3
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 Oh baby bring me down  Group: Agents Posts: 4,115 Joined: 23-February 06 From: Way out yonder Member No.: 68 |
I think China buying lots of oil has something to do with it. I am going to try to stop buying made in china crap.
-------------------- Southern Rock, beer and bears!
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May 21 2008, 10:32 AM
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#4
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
hell we need to pump up our production, come up with the iron man mini reactor to power all our cars, then sell oil to china
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May 21 2008, 10:55 AM
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#5
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 DEATH TO ....something? Group: Members Posts: 5,618 Joined: 23-February 06 From: Parker, CO Member No.: 55 |
OMG!!!!!!@ NOOOOO!!!!!!!!!! YOU ENVIRONMENTAL CRIMINALS!!!! YOU WILL HURT THE BLESSED ENVIRONMENT AND RAPE IT AND MAKE AL GORE CRY IF YOU DRILL FOR MORE OIL HERE!!!!! THAT IS THE STUPIDEST THING IN THE ENTIRE UNIVERSE WE COULD DO OMG!!!!!!!! IF YO DO THAT THE ICKYNESS WILL DOOM US ALL!! ICK! ICK ICKYNESS, ICK!
 Gee, what a novel fucking concept
-------------------- I r Ur Gawd!
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May 21 2008, 11:00 AM
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#6
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
ALGORE YOU YOU MOTHERALGORER
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May 21 2008, 12:03 PM
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#7
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Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (chook @ May 21 2008, 11:30 AM)  I think China buying lots of oil has something to do with it. I am going to try to stop buying made in china crap. I think India and China have some impact but they still are not a huge consumer of oil and their growth has not been a spike in the overall trend. I very much think the price of oil has to do with traders protecting their stake and making sure that they have supplies in case something catastrophic occurs. -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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May 21 2008, 12:16 PM
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#8
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CHEE CHEE Group: Members Posts: 5,026 Joined: 23-February 06 From: trapped in the hoezone layer Member No.: 39 |
muhahaha i laugh at all of you who are beign affected by high gas prices
say no to more drilling! -------------------- Little monkeys making money
Naked monkey looking funny Mighty males are strong and free Female monkey, not so lucky Rocking monkeys, funky monkeys Monkeys sticking other monkeys Monkeys wrong or monkeys right Mostly flexing monkey might |
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May 21 2008, 12:24 PM
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#9
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
You're laughing at yourself too?
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May 21 2008, 12:33 PM
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#10
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Oh baby bring me down Group: Agents Posts: 4,115 Joined: 23-February 06 From: Way out yonder Member No.: 68 |
QUOTE (Hartmann @ May 21 2008, 01:03 PM) I think India and China have some impact but they still are not a huge consumer of oil and their growth has not been a spike in the overall trend. I very much think the price of oil has to do with traders protecting their stake and making sure that they have supplies in case something catastrophic occurs. I'd also say the US is printing out way to much money to fund Iraq. -------------------- Southern Rock, beer and bears!
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May 21 2008, 01:25 PM
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#11
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 Group: Moderators Posts: 1,591 Joined: 23-February 06 Member No.: 31 |
they better not touch the Green River Formation. i'll pay $20 a gallon if it means not touching that area.
-------------------- Don't sweat the petty, pet the sweaty.
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May 21 2008, 01:44 PM
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#12
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DEATH TO ....something? Group: Members Posts: 5,618 Joined: 23-February 06 From: Parker, CO Member No.: 55 |
QUOTE (Testm0nkey @ May 21 2008, 12:16 PM) muhahaha i laugh at all of you who are beign affected by high gas prices say no to more drilling! Dumb and dumber  QUOTE (cmac @ May 21 2008, 01:25 PM) they better not touch the Green River Formation. i'll pay $20 a gallon if it means not touching that area. Ummmmmmmmmmmmmmmmm .... hah, too late  What's your deal with "The Green River Formation"? Fish fossils?
-------------------- I r Ur Gawd!
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May 21 2008, 01:51 PM
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#13
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
QUOTE (cmac @ May 21 2008, 02:25 PM) they better not touch the Green River Formation. i'll pay $20 a gallon if it means not touching that area. pshh... you might pay $20/gallon but will you.... Wax your chest like Harrison Ford did? I swear, I lose more and more respect for actors every day.... |
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May 21 2008, 02:01 PM
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#14
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 Group: Members Posts: 1,302 Joined: 20-February 07 Member No.: 721 |
QUOTE The Green River Formation contains the largest oil shale deposits in the world. The 213 billion tons of oil shale contain an estimated 2.38 x 1011m3 (1.5 trillion US barrels) of shale oil.[2]
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May 21 2008, 02:07 PM
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#15
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DEATH TO ....something? Group: Members Posts: 5,618 Joined: 23-February 06 From: Parker, CO Member No.: 55 |
I basically live right in the middle of it.
There are various portions of the "Green River" formation that are 6-9,000 feet underground ... It's not all a lake of fossils like I think he's meaning. Well, I mean, I guess there could be fossilized remains 7,000 feet underground, but how you gonna get those out, a strip mine? heh
-------------------- I r Ur Gawd!
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