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Oil Companies Trying for a Land Grab!

I want to make this very clear. Oil companies have 80+ million acres of land which HAVE NOT BEEN DRILLED. This "drilling today" hype is a complete lie. They can drill to their hearts desire TODAY. Oil companies value the oil more IN THE GROUND, than after drilled. They are attempting through the Republican Party to acquire still more land. It is to their best interest to keep oil prices high, and keeping oil prices high involves limiting production, and they do this by keeping their inventory in the ground.

So when McCain's website says, "The current federal moratorium on drilling in the Outer Continental Shelf stands in the way of energy exploration and production. John McCain believes it is time for the federal government to lift these restrictions and to put our own reserves to use."

They are DEAD WRONG. The federal moratorium on off-shore drilling DOES NOT STAND IN THE WAY OF EXPLORATION/PRODUCTION. Is it no wonder the oil executives in the White House are trying to secure yet more land for their oil interests. Is 80+ million acres not enough???????

think of oil as water in a cup. The more you use it the less you have of it. It is best to use some ones elses reserve before your own. This land grab is just the attempt of holding even more oil for later decades when it really will be needed by the world.

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Originally posted by guerra-monstru think of oil as water in a cup. The more you use it the less you have of it. It is best to use some ones elses reserve before your own. This land grab is just the attempt of holding even more oil for later decades when it really will be needed by the world.

So you're saying, they are just trying to conserve their oil reserves for future supplies? Ok, then they should not need any more land, since they have plenty land to drill on. Save the continental shelf for a later time.

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Originally posted by guerra-monstru think of oil as water in a cup. The more you use it the less you have of it. It is best to use some ones elses reserve before your own. This land grab is just the attempt of holding even more oil for later decades when it really will be needed by the world.

ding ding ding.

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Originally posted by Krypton So you're saying, they are just trying to conserve their oil reserves for future supplies? Ok, then they should not need any more land, since they have plenty land to drill on. Save the continental shelf for a later time.

You did not understand! The oil companies want it now while it is cheap.

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Originally posted by guerra-monstru You did not understand! The oil companies want it now while it is cheap.

Oh, ok.

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Originally posted by guerra-monstru think of oil as water in a cup. The more you use it the less you have of it. It is best to use some ones elses reserve before your own. This land grab is just the attempt of holding even more oil for later decades when it really will be needed by the world.

Good old American values eh? Kind of like the foundation of this nation, kill all those fucking Indians and take their land. Does that include any of your ancestors by any chance, you know, being Mexican and all? The World = the West? Yup, the rest of human life has no value... wait, they're not human... sorry, just like Africans and Native Americans. Fucking scum.

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Originally posted by shaolin_Z Good old American values eh? Kind of like the foundation of this nation, kill all those fucking Indians and take their land. Does that include any of your ancestors by any chance, you know, being Mexican and all? The World = the West? Yup, the rest of human life has no value... wait, they're not human... sorry, just like Africans and Native Americans. Fucking scum.

At least they have casinos..

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Originally posted by Krypton At least they have casinos..

LOL, has your sense of humor gotten as dark as mine ?

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Originally posted by shaolin_Z Good old American values eh? Kind of like the foundation of this nation, kill all those fucking Indians and take their land. Does that include any of your ancestors by any chance, you know, being Mexican and all? The World = the West? Yup, the rest of human life has no value... wait, they're not human... sorry, just like Africans and Native Americans. Fucking scum.

If North American Native Indians had any respect for the themselves as a whole, they'd be in a much better situation than they currently are.
That's not to say that things aren't changing but they pissed away a LOT of years...

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Originally posted by Fir3start3r If North American Native Indians had any respect for the themselves as a whole, they'd be in a much better situation than they currently are.

Yeah lets blame them for their current conditions,I mean it is not like the government had anyting to do with it right?

to be clear - the US does not have vast proven petroleum reserves. the US has vast shale reserves, which can be turned into synthetic oil products. (from what i've read, the US shale reserves amount to ten times more oil equivalents than saudi arabian oil - quite staggering). the difference between extracting petroleum and shale is that extracting shale means mining the land - usually by open pit mining. That devasts the environment. On the other hand, petroleum can be extracted with much less environmental impact than shale mining. To add to that, shale is located in some of the most pristine parts of the continental US (colorado and wyoming). It's not too easy to devastate the environment in the US without political backlash.

shale mine (not quite the same as sticking a pipe in the ground and taking out petroleum):



oil derek:




which looks more harmful to the environment to you guys?

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Originally posted by hardcore trancer Yeah lets blame them for their current conditions,I mean it is not like the government had anyting to do with it right?

Where have you been in the past 20-30 years?? Under a rock??

The government (at least the Canadian Government) is constantly giving huge consessions for past government decisions!
Billions of dollars in fact - do some research man!!

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Originally posted by Fir3start3r Where have you been in the past 20-30 years?? Under a rock?? The government (at least the Canadian Government) is constantly giving huge consessions for past government decisions! Billions of dollars in fact - do some research man!!

where were that years before that??when they actually needed help?why were the islolated from our society?

Ok...im not too sure statistically of what I'm about to say but I remember hearing this sometime ago.

I heard the thousands or millions of acres undrilled by the oil companies was and is being bought by the oil companies without their knowledge of the possibility of oil, cause you know oil isnt everywhere under land or sea. So thats one way the government brings in money from taxing property for the oil companies. So the oil companies arent able to drill everywhere of those acres, yet their still paying for land they will never use but just have.

Therefore, offshore drilling and drilling in ANWR are all great options for them because there is definately oil there not being drilled.

Im not picking sides or anything, but I like to know both sides of the argument.

Extracting from shale creates 10 times the amount of carbon as extracting normal oil while sand takes 3 times as much.

I'm guessing it costs similar amounts more too.

Oil companies should drill the land they have now and shut up. The government meanwhile should be giving all the subsidies the oil companies get to alternative energy projects. Within 10 year, we should be getting 50% of our energy from non-fossil fuel sources.

How bout' that nuclear energy then?

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Originally posted by Atmos How bout' that nuclear energy then?

What about it?

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Originally posted by Krypton Within 10 year, we should be getting 50% of our energy from non-fossil fuel sources.

That is the singular most "picked from the air" figure I have ever seen.

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Originally posted by Dervish That is the singular most "picked from the air" figure I have ever seen.

It is, which is why I said "should", because that's what I want. I want a Manhattan Project of renewable energy. I want a race to 50% renewable energy capacity. I want to stop thinking, "where can we get our next oil fix." I want to be thinking, "How can we rehabilitate our economy away from oil addiction.."

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Originally posted by Krypton I want a Manhattan Project of renewable energy.

we already have...it was called the Manhattan Project.

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Originally posted by Q5echo we already have...it was called the Manhattan Project.

Smartie pants, you know what I mean..

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Originally posted by Krypton Oil companies should drill the land they have now and shut up.

For someone that supposedly loves the market so much, youre awfully critical of the logical outcomes of a capitalist market economy

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Originally posted by pkcRAISTLIN For someone that supposedly loves the market so much, youre awfully critical of the logical outcomes of a capitalist market economy

I've made it well known I am no laissez-faire capitalist. When a company's actions affect society as a whole, then they should regulated. Here's an idea. If they want a land lease, the lease should force them to drill. If they don't drill, no land lease. That goes for current land leases already made to the oil companies.

But if I had my way, we would focus on converting our economy to run on more renewable energy than crude oil. A project of this magnitude most certainly needs government backing.

heh, not too long ago I was a hardcore economic libertarian. Occ helped me moderate on that.. I'm a social libertarian now. A liberal progressive capitalist.

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