Beauty year round.
< /sarcasm>
Posted on 11/07/2007 11:19:34 PM PST by Species8472
Oil is a global fungible commodity. Any additional oil reduces the tightness of supply and reduces concerns over possible shortages.
But the US lower 48 is the closest oil importing market. Sending the oil to other locations would reduce its profit with increased transportation costs. The vast majority of that would stay in the US.
If we apply the rule ‘follow-the-money’ to environmentalist groups blocking oil development in America, we might think there is a conspiracy going on.
Who benefits monetarily from hindering development of oil in ANWR, and off the American coasts ? Who benefits monetarily from restricting the supply of oil while maintaining control of that supply ? Certainly not American oil companies. Their profit is the difference between what the crude costs and what their products sell for. Their cost for domestic crude is under $20 barrel, and foreign crude is $98 today. Domestic oil is the more profitable oil for them, so they would naturally prefer more domestic production and less having to buy it on the open market.
I would be very surprised if the Sierra Club, Green Peace, et al, did not receive significant money from shell organizations funded by OPEC countries.
Of course, every time oil maintains a high market price for a while, domestic oil companies sink a bunch of money and effort into more domestic production. Capital investment that is very risky because OPEC countries can add capacity and still sell their crude at a profit even if oil was $10 a barrel. OPEC producers do not even need to take an actual loss to kill off American producers.
I wonder who 'owns' the adjoining land.
Realistically, all this delay is doing is underminig our security during war and gaining more [demonratically ideology-wise] taxes from higher pump prices, smoke & mirrors...
Both sides are slinging some bull.
That is nearly what was already done. The Alaska National Interest Lands Conservation Act agreed to greatly increase the amount of land set aside as a Wildlife Reserve with the agreeement the barren coastal plain would be explored for oil. This agreement more than doubled the reserve in size.
Since the first agreement has not be upheld, I would not want them to do it again to steel more land away from possible development.
By the way, is is ANWR, not anwar.
Cheers.
This legislation protects the bacteria who live at the edge of the oil seeps on the north slope. The oil seep ecosystem in North America’s tundra wilderness is a fragile and beautiful place that deserves protection from development. Caribou, arctic fox, and polar bears regularly visit these seeps and no doubt gain much from the interaction between the earth and its creatures. Thank you, Sen. Lieberman, for saving the oil seeps and allowing my grandchildren to have the opportunity to watch dark slicks slowly gather among the saxifrage and willow while gently swatting black flies and mosquitoes amid the snorting caribou calving in the midnight sun.
Beauty year round.
< /sarcasm>
Top 3 Sierra Club funding sources:
Pew Charitable Trusts $4,315,000.00
Joyce Foundation $3,007,675.00
Charles Stewart Mott Foundation $2,737,436.00
The Pew Charitable Trusts (seven individual trusts in all) were endowed with various inheritances of the four children of Joseph N. Pew, who founded the Sun Oil Company.
Joyce Foundation: was established in 1948 by Beatrice Joyce Kean, a Chicago heiress whose family wealth stemmed from lumber, building, and sawmill interests.
Charles Stewart Mott Foundation: Charles Stewart Mott sold his father's company (a wire-wheel maker) to General Motors in the early 20th Century, in exchange for over 1 million shares of GM stock. He served on the company's board for over 60 years and left a huge fortune upon his death.
Wilderness??? This is so F-ing stupid it boils me. At best, a few hundred people will take the time and money to even look at this area and then they’ll only see a minute fraction to the millionth power. This is our Middle East oil reserve and the only reason I can see Joe saying “no touchy” is that he wants us to suck the Arabs dry first.
I surveyed Ice roads in this area and it’s barren in the winter which is when all the exploration & construction is done.
Heck, they’ll just see that as proof those industrialists felt guilty about their damage to the environment and tried to atone for their sins.
I’d like to find an actual money trail that leads to the Saudis, Chavez, Ahmanutjob, etc.
>>Assuming that there is logic in congress, the higher the price goes, the higher the chance that drilling will begin.<<
Yup. It’s time.
The “good guys” will win this time.
In the end ANWR would have little impact at the pump.
Most importantly, if ANWR did go online the OPEC "Hawks" would cut production thereby maintaining the current price.
Drilling ANWR is a great idea but it is not the answer to cheap oil.
Even if they managed to keep together with a cut, it would mean less dollars to them and more American jobs. Still reason enough to produce it.
repubs need a bill that will remove the oil from protected lands so that the temptation to drill in the future when oil tops 150bbl will be mute...
GET RID OF THE OIL and SAVE OUR ENVIRONMENT
ron paul will vote for it.
teeman
When Congress gets finihsed with tranny and cross-dresser legislation could they consider some energy help.
People here post ont his topic with the assumption that ANWR(which many cannot even spell) is the solution to lower gas prices. However, the cold fact of the matter is that ANWR will not offset prices a noticible amount.
And yes, we should drill wherever there is oil int he US.
ANWR should only be the first on the list including NPRA, Bristol Bay, OCS and all our countries coastline.
speaking of spelling...
countries = country’s
Yeah, but when folks start FREEZING TO DEATH because the cost of heating oil has outstripped their ability to pay, the Dems won't want the corpses piled on their doorstep. They'll react by saying, "Americans have a RIGHT to heat!" Then they'll tax the hell outta the rest of us so the Dems can buy heating oil for folks that can't afford it, because the same damnable Dems acted to MAKE it so expensive in the FIRST place.
Mark my words: This is nothing less that a never-ending push to gain universal control of EVERY LAST LITTLE THING.
One fine day we might wake up and realize that the only way to stop this is by force of arms. Hopefully, we'll still have some around.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.