Untapped oil supplies

The Washington Times ^ | July 22, 2007 | Ben Lieberman

[neverdem]

Has the Organization of Petroleum Exporting Countries infiltrated Congress? If so, that sure would explain the latest energy bill.

Make that the anti-energy bill. Both the already-passed Senate version and the upcoming House one are bad enough for what they do contain. But they're worse for what they don't

[neverdem]

Gas Prices Rise on Refineries’ Record Failures

We're have only 150 refineries, and 1/3 have been down since the beginning of the year.

[Bommer]

Tehre needs to be a mandatae that all 50 states need to build refineries based on a population basis. All enviormental restriction standards need to be suspended in thier contruction. Then every state must be mandated to build 1 refinery and an additional one per each 10 million in population, or face a $1 additional tax per gallon. These refineries cannot last forever.

[P.O.E.]

There's been an unholy alliance between OPEC & Congress for years. Lots of money sloshing around both sides of the aisle.

[Clintonfatigued]

The shortage of refineries is a big reason for the high gasoline prices.

[DeaconRed]

We need refineries not more crude

[Mad_Tom_Rackham]

Over 40% of fossil fuel demand goes to production of electrical power. What we need is more nuclear generating plants.

More here.

[Renfield]

“...Tehre needs to be a mandatae that all 50 states need to build refineries based on a population basis. All enviormental restriction standards need to be suspended in thier contruction. Then every state must be mandated to build 1 refinery and an additional one per each 10 million in population, or face a $1 additional tax per gallon. These refineries cannot last forever....”

That’s a pretty good idea...I’ve been thinking along those lines myself.

I think I’d be satisfied if we could force a couple to be built in Massachusetts....:<)...and maybe one in the Georgetown section of DC....

[kempo]

Well, up until this year the Republicans held the House, the Senate, and the White House and they didn't do a damn thing about it. I believe that's one of the reasons they were voted out.

[Neidermeyer]

I’d be glad to build one just on the Mexican side of the border to avoid those nasty EPA regs , near to California ,,, anyone have a few $Billion to start with..

[RightWhale]

Tehre needs to be a mandatae that all 50 states need to

Great idea! An unfunded mandate plus nationalization of an entire industry. Hillary!08 would do that.

[RightWhale]

The oil industry report this week said that the producers will not be able to keep up with demand over the next two decades. That is oil production itself.

[umgud]

Tehre needs to be a mandatae that all 50 states need to build refineries based on a population basis. All enviormental restriction standards need to be suspended in thier contruction. Then every state must be mandated to build 1 refinery and an additional one per each 10 million in population, or face a $1 additional tax per gallon. These refineries cannot last forever.

You are right that restrictions need to be removed, but states don't build refineries, businesses do. Businesses need the gov't to be a reasonable ally, not an adversary as they currently are.

[vetsvette]

“We need refineries not more crude”

We need both, but the left will never permit it. Any solution to the problem that doesn’t cripple the American economy is unacceptable.

[gondramB]

Yes we should drill.
Yes we need to work on the refinery situation.

But there is only way this country is ever going to be energy independent - nuclear power.

[RightWhale]

there is only way this country is ever going to be energy independent

Another way: space development

[gondramB]

>>there is only way this country is ever going to be energy independent
—
Another way: space development<<

How so?

[The Great RJ]

Instead of looking to better tap domestic sources of oil we continue to pour money into the corn ethanol boondoggle and windmills neither of which has any chance of seriously reducing our dependence on foreign oil.

We should be embarking on a plan to generate 25% of the nation's electricity from nuclear reactors which would reduce carbon emissions far more than any of Al Gore's carbon credits.

[montanajoe]

In my opinion the US should be using all the imported oil it can. As soon as the foreign (espically the middle eastern) supplies are depleted the better off the US and the world will be.

Depleting domestic supplies will leave the US more not less vulnerable to the whims of the oil emirs

[gondramB]

>>We should be embarking on a plan to generate 25% of the nation’s electricity from nuclear reactors which would reduce carbon emissions far more than any of Al Gore’s carbon credits.<<

If we emphasized nuclear and stopped open burning in the southern hemisphere we would reduce carbon emmissions more than all CO2 reductions plans on earth together.

And yet activists would rather ban sports cars and ration toilet paper.

Why, its almost as if they are not so interested in carbon emissions but instead desire to restrict the Western capitalist lifestyle.

But I am, no doubt, imagining things.

[AzaleaCity5691]

Ok, that would be an overuse of federal power, and besides, it’s highly uneconomical.

The fact is, it’s a two way street, if you today issued a flurry of new permits, many oil companies would choose not to build or even stonewall the process. Energy companies are in a great position right now, and logically, they won’t do anything, such as increasing domestic capacity, that could have the effect of lowering profit margins overall.

The only people who can effectively pressure them are the states where they currently drill oil. We all know these are the only states with oil. Without any domestic wells, they go out of business. If gulf states began pressuring oil companies, on the basis that they should “provide more jobs”, especially in light of verdicts in several gulf states against Exxon, they might be likely to do so.