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| quote: | Originally posted by MisterOpus1
Okay, who's got the NONBIASED goods on the details of ANWAR? By that I mean one that’s not sponsored by the oil companies, political think tanks, etc. that verifiably demonstrates exactly how much oil is up there, the benefits and consequences of drilling? Anyone? |
Admittedly, I don't. Like you, I have heard plenty of statistics, but don't have any hard numbers to give you.
| quote: | | ‘Cause this is what I’ve heard – the benefits are supposedly bogus. There’s no verification as to whether or not this will reduce oil prices because: |
I'm curious where you heard that--not that I want to dispute it, but just to read more on it. I know it is true that it takes a long time to actually scout out the fields, drill the wells, extract the oil, ship it to the refinery, and then refine it, so you are not incorrect to say that this won't necessarily reduce oil prices--at least not yet(on a fundamental basis). However, the longer it sits in the ground, the further behind we would be on getting to it, thus only prolonging the long-term negative. Also, I believe that a lot of what has been driving prices sky high is purely speculation and psychological issues--not to mention some price manipulation that I can't prove, but that I have to believe is going on in the futures pits.
Two of our biggest problems are that we don't have enough refineries. I'm sure it has been said before, but there hasn't been a new refinery built in the U.S. in 25 years or so. Without more refining capacity, there could be 5 zillion barrels of oil sitting outside the door, but without the ability to refine it efficiently, oil demand will continue to outstrip supply.
The other problem is the numerous specialty blends of fuel that have been demanded by everyone from environmentalists to politicians. It creates massive inefficiencies and refining costs which only add to the ultimate consumer cost.
| quote: | | And what’s worse, I have heard that this bill essentially gives us free reign to drill in ANY and ALL wildlife preserves. IOW, we now have full reign to drill in Yellowstone, Yosemite, etc. if we so desire. |
I don't know about that. Where did you read that? I'd have a hard time believing something as broad and non-explicit as that could actually pass, but I could be wrong. I don't think anyone is going drilling in Yellowstone or Yosemite--I thought this was specific to ANWR.
| quote: | | So what’s the skinny? Am I correct or incorrect here? I haven’t followed this issue too close, so I welcome any corrections to what I’ve heard. |
Who knows, but I paid $30 to fill up my friggin gas tank last night. The cost is noticeable. Between me and my wife, we spend well over $150 a month on gas for our cars, and neither of us drives very far to get to work.
In any event, here's some commentary from a top-notch energy research/analytics firm in Texas.
| quote: | | Dave Birsa, Chevron exploration manager for Alaska, said: "The ANWR coastal plain is very special. It is on trend with the prolific oil fields of the central North Slope and has significant geological potential. It is also an area where the arctic environment must be protected. Because of our relationship with ASRC and the native villages on the north slope, we feel we have the unique ability to explore, an ultimately develop, the resources of the area in an environmentally responsible manner that takes into consideration the needs of everyone involved." "ANWR offers the greatest potential for a world-class oil discovery on the North Slope," added Neil Ritson, exploration vice president for BPX in Alaska. "We continue to strongly support environmentally sound access to ANWR. ANWR is undoubtedly the most important area of new potential in Alaska." ASRC owns subsurface oil and gas mineral rights to 92,000 acres on the coastal plain of ANWR on the eastern North Slope. The acreage is about 100 miles east of the Prudhoe Bay oil field. Chevron, the operator, and BPX have had the land under lease since 1984. The only well ever drilled onshore in the ANWR coastal plain, the KIC #1, was drilled in 1984-85. Well results remain confidential. |
Yeah--it would be nice if those results weren't confidential!
Also, the higher oil prices go, the more nuclear energy will become an option on the table. I can't wait to see the shit hit the fan when that starts to happen.
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