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"If" we ever discover a mega-reserve in US territory, I'd like 100% of it to be "For US citizens only"....
Impossible. All Oil is traded on the world market. If we did that, you can expect another Oil embargo, which today is impossible to happen, well not impossible, but would upset more than just the US.
Oil on the world market goes to the highest bidder. Period.
I believe the reason why the Government, and others don't want to tap the smaller oil fields we do have, is to have something when the world market runs out.
Every year we buy other people's Oil, is a year the oil in the ground goes up in value. We may need that Oil in Alaska to win a Resource war for Oil Fields in other countries...
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I watched more than a few documentaries about Oil this weekend... as well I was watching some stuff about Rome... I realized this weekend what makes a society grow to the point of supreme. Like Rome, like Egypt, like Us.
It's all about who can secure and utilize the cheapest form of energy.
Rome grew to rule all the Mediterranean becuase of their strategy of conquer and enslavement of the conquered. Slaves are a form of energy, you can have them work your fields, which means they produce more than they consume with the leftovers being essentially "free" energy for the whole of Rome, to be used to further their standard of living.
In Egypt, the same holds true, with the number of slaves they brought in to do their work, to leave their people free to advance, plan, plot, etc...
Even America in it's early days utilized slavery as a cheap source of energy.
Now, Oil is the new "Slave", 1 gallon of Gasoline, can perform the work of 10 humans can produce in a year. That kind of energy return has given us everything we consider to be modern society. All the energy we used to spend on just keeping us fed, was now free to work on other things, and advance technologies, and even improve our food to the point where 1 family farm can produce enough food to feed 1000's of families. Oil is the source of that return.
When Oil peaks, or when we as a world are on the decline, realize that Oil, and the power that oil provides us as a species is not going to be around much longer, and the price to acquire it will make everything more expensive. Instead of 1 family farm, we need workers to go out there and perform that work again.
Or we can use Solar, and Wind to power the equipment of a farm, however the space needed to produce the power compared to 1 gallon of gasoline is mind blowing.
So, like Egypt, Like Rome, once we hit the Peak and Oil starts to decline world wide, we will fall as an empire... and our population will quickly shrink. Oil gives us the ability to have such a high population, especially in cities, without Oil... millions will starve.
Now... Let me blow your mind...
Nearly every Muslim country around the world, barely at all relies on Oil for their people. Their governments, and miltaries may use it... but their people still operate as if there were no cars, or mass transportation. While the entire western world, built upon the energy resources that Oil provided, will fall quite a bit.
You may think your joking, but I am not sure your too far from the truth.
WE ARE SCREWED, if we want to continue to be an Oil Based Economy. The sad thing is, Solar, Wind, etc... nothing comes close to the energy output of Oil. So, to move forward as a society, we need to use less energy, and slow down... the economy must slow down, we can't grow forever, we physically can't. This isn't left vs right, this is math.
I wasn't joking and now agree with you, your posts were right on the money without all of the "save the polar bear crap"
Harry Boy (Genius)
In The Absence Of Law And Order Society Will Surely Destroy Itself
It's easier for you to say "If you enjoy the American way of life, it's crucial we invest in alternative forms of energy in order to maintain it for our kids, and their kids. This is not an environmental issue, it's a math issue, we are simply running out of Oil"
Here's the idea: For the rest of this year, DON'T purchase ANY gasoline from the two biggest companies (which now are one), EXXON and MOBIL.
If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.
If everyone in the country boycotted XOM (not that that could ever realistically happen) then XOM would reduce their prices by a cent or two. Once their prices came down, believe me when I say the boycott would be over. And if by some miracle the boycott continued (not that that could ever realistically happen), the other stations would have no incentive to lower their prices since they are still selling plenty of gasoline. If anything they would raise their prices since they are now taking on such a larger public demand.
For some reason I cannot discern, people lose their minds when it comes to gasoline. A gas station near where I used to live had 5 cents off a gallon every Monday. I am not exaggerating when I say lines would routinely extend well into the roadway.
My attitude was always thanks, but I'll pay the extra 75 cents for a full tank at the gas station across the street and save myself 20 minutes of waiting.
The rise in oil/gas prices isn't due to increased demand as much as it is Ben Bernanke's Quantitative Easing policy.
QE has resulted in a commodities bubble AND it has driven down the value of the US dollar. Since the price of oil is based upon the dollar, it's only natural to see the price of oil rise since the inception of QE2.
Oil price was skyrocketing long before Ben went to work with that disaster.
This argument above is fail. And I can't stand Bernanke.
The only way to lower gas prices is to increase supply and/or lower demand. Please note that when I say "increase supply" I mean the amount supplied to market.
Increasing supply is something the liberals, for some reason, vehemently oppose every time it is suggested. Then these same liberals turn around and blame republicans/Bush/Cheney/Halliburton for the high price of gas.
Lowering demand is something the American public just does not have any stomach to do. We (collectively) love our SUV's and pick up trucks and sports cars too much, not to mention our societal aversion to public transportation.