Abundant Oil
- Thread starter kratz
- Start date
Actually, no it doesn't. Government policy would prevent them from drilling those areas, it does not preclude exploration. If they were to find some massive field that would probably change. Nobody thinks there is any massive field to find, though. What's believed there are a series of small fields that are all very expensive to drill anyway, because each well will yield far less oil than a single well in the Gulf. Oil deposits in the Gulf are large and contiguous, what's known about the Atlantic is that the deposits there are more segregated into smaller pockets. Maybe with some more advanced technology it will be possible to exploit that profitably--or with a much higher price than today.
You simply have bought into a lot of poppycock.
That hare-brained argument has been around for years, nothing new here. It was wrong when it was first dreamed up and it's wrong now.
http://www.newt.org/2012/03/19/president-obamas-top-five-energy-whoppers/
newt is doing some good work here
newt is doing some good work here
even the sheep are asking questions now.....
Q Jay, what does the President hope to achieve on his trip Wednesday and Thursday on energy? And how do you hope or how do you plan to make it -- to avoid making it into a PR move on the President’s energy background?
MR. CARNEY: Well, let’s just be clear about two things. One, energy in general, and the price of gas in particular, is on a lot of people’s minds, understandably, right now. Two, this President is aggressively advocating for and pursuing an all-of-the-above energy strategy as a matter of policy. We will be going -- he will be going first to Boulder City, Nevada, where he will visit the Copper Mountain Solar 1 Facility, the largest photovoltaic plant operating in the country, with nearly one million solar panels powering 17,000 homes. Why is that important? Because of the need to continue to pursue an all-of-the-above energy approach that includes investments in alternative energy so that we can reduce our dependence on foreign sources of energy.
Next, he’ll be going to oil and gas production fields located on federal lands outside of Carlsbad, New Mexico, an area home to more than 70 active drilling rigs. Why is that important? Because an all-of-the-above energy approach requires and necessitates that we aggressively expand domestic oil and gas production in a safe and responsible way. This President has done that. We have seen oil and gas production at eight-year highs. Even on federal lands, oil production is up 13 percent over the last three years. And this President is committed to continuing that.
Then he will travel to the Cushing, Oklahoma area to discuss his administration’s commitment to improving and supporting infrastructure that helps us leverage our domestic resources while also ensuring these projects are developed in a safe and responsible way.
You all, of course, are familiar with the Cushing-to-the-Gulf pipeline, why that is necessary -- because we have actually a glut of oil that's bottled up because of the lack of infrastructure necessary to move the product to the Gulf, to the refineries there. So he’s focused on that, and this part of an all-of-the-above approach that is the only way we can enhance our energy security.
Drilling alone is not an answer. If it were, we would have solved the problem -- because as I just said, we have been increasing domestic oil and gas production, increasing the amount of drilling that we’re doing in this country on federal lands and in federal waters, and we will continue to do so, but with a very small portion of the world’s known reserves but a huge demand for oil on the world market, we need to diversify our approach. And that's an approach that I think a broad majority of the American people would also support.
Q But he and you and others have been talking about that all-of-the-above strategy for a long time. Is the point of going on a trip like this where he can be photographed in front of solar panels or pipes an opportunity to try and sell that more? Is that essentially what you’re doing?
MR. CARNEY: I think the President travels around the country -- whether it’s for the Recovery Act, or for the need to have a Consumer Protection Bureau, or investments in alternative energy, or investments in oil and gas production -- it’s to focus attention on an agenda that requires not just his leadership, but cooperation and leadership by members of Congress, so that we can get more done to advance a comprehensive, all-of-the-above energy policy that is the only policy that will ensure that we have greater independence from the need for foreign sources of energy in the future.
So this is an active agenda, an active policy agenda that he very much looks forward to highlighting.
Q One more topic, just real quickly. Tomorrow night -- or tomorrow is the FEC filing deadline. Obviously, White House officials have started appearing at Priorities USA Action events. Can you tell us how many events they have -- or who, number one, and how many events they’ve attended, and how it’s gone?
MR. CARNEY: I don't have that information. I’ll have to take the question.
Let me move around a bit. Scott.
Q What is the active agenda he’s going to be calling on Congress to do on energy?
MR. CARNEY: Look, we need congressional help to continue to pursue the all-of-the-above approach. And whether that's increasing oil and gas production, increasing investments and sustaining investments in alternative energy, the need to highlight this I think is apparent in this time when we are facing high gas prices at the pump. And a lot of people, rightfully, want to know what the strategy is to ensure that this doesn't happen again and again, annually or biannually, as it’s been happening in the recent past. So the President is very focused on this, as I think a lot of Americans would expect him to be. And the purpose of the trip is to make clear what we can do, what we are doing, and the kinds of approaches that are necessary to enhance our energy security in the future.
Q Jay, what does the President hope to achieve on his trip Wednesday and Thursday on energy? And how do you hope or how do you plan to make it -- to avoid making it into a PR move on the President’s energy background?
MR. CARNEY: Well, let’s just be clear about two things. One, energy in general, and the price of gas in particular, is on a lot of people’s minds, understandably, right now. Two, this President is aggressively advocating for and pursuing an all-of-the-above energy strategy as a matter of policy. We will be going -- he will be going first to Boulder City, Nevada, where he will visit the Copper Mountain Solar 1 Facility, the largest photovoltaic plant operating in the country, with nearly one million solar panels powering 17,000 homes. Why is that important? Because of the need to continue to pursue an all-of-the-above energy approach that includes investments in alternative energy so that we can reduce our dependence on foreign sources of energy.
Next, he’ll be going to oil and gas production fields located on federal lands outside of Carlsbad, New Mexico, an area home to more than 70 active drilling rigs. Why is that important? Because an all-of-the-above energy approach requires and necessitates that we aggressively expand domestic oil and gas production in a safe and responsible way. This President has done that. We have seen oil and gas production at eight-year highs. Even on federal lands, oil production is up 13 percent over the last three years. And this President is committed to continuing that.
Then he will travel to the Cushing, Oklahoma area to discuss his administration’s commitment to improving and supporting infrastructure that helps us leverage our domestic resources while also ensuring these projects are developed in a safe and responsible way.
You all, of course, are familiar with the Cushing-to-the-Gulf pipeline, why that is necessary -- because we have actually a glut of oil that's bottled up because of the lack of infrastructure necessary to move the product to the Gulf, to the refineries there. So he’s focused on that, and this part of an all-of-the-above approach that is the only way we can enhance our energy security.
Drilling alone is not an answer. If it were, we would have solved the problem -- because as I just said, we have been increasing domestic oil and gas production, increasing the amount of drilling that we’re doing in this country on federal lands and in federal waters, and we will continue to do so, but with a very small portion of the world’s known reserves but a huge demand for oil on the world market, we need to diversify our approach. And that's an approach that I think a broad majority of the American people would also support.
Q But he and you and others have been talking about that all-of-the-above strategy for a long time. Is the point of going on a trip like this where he can be photographed in front of solar panels or pipes an opportunity to try and sell that more? Is that essentially what you’re doing?
MR. CARNEY: I think the President travels around the country -- whether it’s for the Recovery Act, or for the need to have a Consumer Protection Bureau, or investments in alternative energy, or investments in oil and gas production -- it’s to focus attention on an agenda that requires not just his leadership, but cooperation and leadership by members of Congress, so that we can get more done to advance a comprehensive, all-of-the-above energy policy that is the only policy that will ensure that we have greater independence from the need for foreign sources of energy in the future.
So this is an active agenda, an active policy agenda that he very much looks forward to highlighting.
Q One more topic, just real quickly. Tomorrow night -- or tomorrow is the FEC filing deadline. Obviously, White House officials have started appearing at Priorities USA Action events. Can you tell us how many events they have -- or who, number one, and how many events they’ve attended, and how it’s gone?
MR. CARNEY: I don't have that information. I’ll have to take the question.
Let me move around a bit. Scott.
Q What is the active agenda he’s going to be calling on Congress to do on energy?
MR. CARNEY: Look, we need congressional help to continue to pursue the all-of-the-above approach. And whether that's increasing oil and gas production, increasing investments and sustaining investments in alternative energy, the need to highlight this I think is apparent in this time when we are facing high gas prices at the pump. And a lot of people, rightfully, want to know what the strategy is to ensure that this doesn't happen again and again, annually or biannually, as it’s been happening in the recent past. So the President is very focused on this, as I think a lot of Americans would expect him to be. And the purpose of the trip is to make clear what we can do, what we are doing, and the kinds of approaches that are necessary to enhance our energy security in the future.
you know you have a shit government policy when the government of equatorial guinea and nigeria are more friendly to business than America's current administration
they can't you numbskull
what I run some aerial geo survey and wait 25 years or never before I can stick a drill in?
you make asinine statements like Hortons makes doughnuts
what I run some aerial geo survey and wait 25 years or never before I can stick a drill in?
you make asinine statements like Hortons makes doughnuts
I think if there was the kind of oil YOU claim there they would quite easily get the rules changed. However, we all know what they will actually find: A collection of small fields, none of which can be profitably extracted, or only marginally so.
Moreover none of this will change the price of oil. The US runs a free market. Even if US production met 100% of US supply it would still be at the world price. If suddenly the Saudi regime collapsed and world oil prices quadrupled US producers would not sit back and sell to Americans at the old price. They would sell on the world market at the world price.
So really, what would have changed?
Unless the US oil discoveries were so large as to dwarf Saudi reserves it really makes no difference. (I shouldn't have to mention how implausible that would be.)
Moreover none of this will change the price of oil. The US runs a free market. Even if US production met 100% of US supply it would still be at the world price. If suddenly the Saudi regime collapsed and world oil prices quadrupled US producers would not sit back and sell to Americans at the old price. They would sell on the world market at the world price.
So really, what would have changed?
Unless the US oil discoveries were so large as to dwarf Saudi reserves it really makes no difference. (I shouldn't have to mention how implausible that would be.)
To be more specific, those studies showed how what you are saying is true of corn based ethanol. Sugar cane or switchgrasses, on the other hand, seem to provide more bang for the buck. Unfortunately, US politics makes it hard to get away form corn ethanol, as no presidential candidates want to offend Iowa farmers.
I seem to recall that the US is presently burning 1/6th of the worlds corn production in their cars right now.
I don't know the stats on sugar cane or switchgrass, but I'd expect they aren't much better.
