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Old 04-01-2008, 03:30 AM   #81
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Default Re: Self-imposed Oil Crisis? If so, why??

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Originally Posted by patsfan13 View Post
The Senate has fillibustered the attempts to drill ANWAR and Fl, ND and the Arctic Ocea are newer areas. The Congress has not allowed a new oil refinery in the US for over 30 years while the EPA has dictated 25+ gas formulations. Then the last administration made a national wilderness out of desert in UT containing how amounts of low sulfer (clean) coal.

The congress has done everything possible to screw up energy policy. Now we have the Ethanol disaster where we are burning our food (corn) and making whtanol consumes more energy than it produces (but it makes big arg happy).

Would have thought with all those republican dominated congresses that if there was this much something would have happened.. can see hesitancy about Fla and AK, but ND.. also remember in the past there was some contoversy about Jeb Bush and drilling off of Fla..
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Old 04-01-2008, 03:48 AM   #82
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Default Re: Self-imposed Oil Crisis? If so, why??

More info on the whole Florida Drilling for oil thing, it was not only congress that was not responding.. it was opposed by Jeb Bush as well.. I knew he had something to do with it.. as in most cases every answer to do with oil gets real convaluted and very confusing..there are some very strange bedfellows here.

http://www.sptimes.com/2006/06/15/St...rilling_.shtml

Among the witnesses was Colleen M. Castille, secretary of Florida's Department of Environmental Protection, a staunch opponent of allowing drilling rigs off Florida's coast.

It didn't matter a whisker that Castille said neither she nor Florida Gov. Jeb Bush opposed the bill being examined at the hearing, which would allow states, not the federal government, to decide whether to allow oil or gas exploration within 125 miles of their coasts.

Your boss, Gov. Jeb Bush, has kept us from an adequate energy supply in this country. I find it unacceptable that we have been negotiating with one state," Peterson scolded.

"For Florida to be playing scare tactics about energy exploration beyond its shores, we should be past that."

http://blogs.orlandosentinel.com/new...on-backs-.html

Drilling in the Gulf has been an explosive environmental and political issue for years. Proponents say it can be done in a way that poses little or no threat to the health of the Gulf or the beauty of Florida's beaches. Opponents have fought every attempt to open the Gulf up

Last year, Congress passed a bill banning drilling within 125 miles of Florida's coastline through 2022. Former Gov. Jeb Bush, a Republican, had pushed hard for the ban, after retreating from his support of even broader restrictions. The legislation incorporating the ban won support from both Republicans and Democrats in Florida's 27-member congressional delegation.

http://www.factcheck.org/environment...record_on.html

Footnote: The issue of Florida offshore drilling seems to invite distortions. Last month Jeb Bush attacked Kerry for supposedly supporting drilling off Florida's beaches. He spoke of "Kerry's insistence on offshore drilling in Florida," and said, "There is probably 10 percent of the people of this state that would support a candidate for higher office that believes what John Kerry believes."
Bush was referring to a story in the Independent Florida Alligator, a college newspaper. The story reported on a Kerry speech in Tampa and claimed that Kerry "would be in favor of drilling off the coast of Florida." What Kerry actually said was: "The largest unexplored oil field in the world is actually the deep water oil out in the Gulf. Now, there is a capacity to protect what we have today, the protections for the coast of Florida, and still be able to drill in those locations where they're already permitting, already had the Environmental Impact Study, they already have the leases . . ." (Emphasis added). The Alligator ran a correction stating "Sen. John Kerry does not support drilling for oil off the coast of Florida. Because of ambiguous language at a speech Kerry gave in Tampa on Tuesday, the Alligator reported otherwise."
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Old 04-01-2008, 03:56 AM   #83
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Default Re: Self-imposed Oil Crisis? If so, why??

Looks like they are proceeding in N. Dakota.... seems like it is a little more complicated than Congressional Filibusters..

http://www.nextenergynews.com/news1/...news2.13s.html

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.

The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.

http://www.kxmb.com/getArticle.asp?ArticleId=219671

Oil companies are using advanced horizontal drill techniques to tap crude oil and gas underneath Lake Sakakawea.

State mineral resources director Lynn Helms says it's a logical extension to the formation known as the Middle Bakken. The formation lies two miles under the surface in western North Dakota and holds millions of barrels of oil.

Wells aiming for the Middle Bakken are drilled vertically to about 10,000 feet, and then "kick out" for as many feet horizontally. Industry officials say the technology has made huge advances in the past decade.

The Army Corps of Engineers has approved three permits for drilling beneath Sakakawea and has requests for at least six others.

http://money.cnn.com/news/newsfeeds/...1-24108159.htm

Most of the growth comes from North Dakota, in the Bakken Shale formation, one of the hottest spots.

Plus, Continental also has more areas to explore. It has about 311,000 acres in the Bakken Shale, where it may increase drilling. And there are new confirmed finds in Oklahoma, thanks to which it is boosting reserves.

In addition to strong earnings growth, the company had a pretax profit margin of 57% for 2007. That's the highest in years.
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Old 04-01-2008, 04:44 AM   #84
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Default Re: Self-imposed Oil Crisis? If so, why??

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Nice research, RI. As to Jeb Bush, tell me which politician *wants* drilling or *any* kind of energy development in his/her district??? Ted Kennedy's opposition to Wind Farms off his precious Vineyard and NannyTuck are signs of "leadership", if one's constituency is limited to the staff of Better Homes and Gardens or the Roth Report.

Anyway, I see Alaska oil exploration is in the news today. I see it in CNN internet. Maybe they are reading patsfans.


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Old 04-01-2008, 09:44 AM   #85
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Default Re: Self-imposed Oil Crisis? If so, why??

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Would have thought with all those republican dominated congresses that if there was this much something would have happened.. can see hesitancy about Fla and AK, but ND.. also remember in the past there was some contoversy about Jeb Bush and drilling off of Fla..

Pubbies never had the 60+ required to block a fillibuster and a few idiot RINO voted with the dems (guys like Hagel and Specter). So the Senate fiddled while our energy plans burned.

Today ironically those who are in large part responsibile for the current high energy prices are gonna hammer the oil execs, crazy.


Agree J Bush was a disgrace on this issue no leadership. BTW thew gov of Alaska was gung ho on drilling ANWAR.
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