Indeed you are. It's called knowledge of subject and a thought process. Both of which you lost when your boyfriend left you on the alter. Get over him Morford! He's not coming back! He has a new lover!
Crude is down $15 since Bush lifted the ban. End of story.
This has to be the biggest understatement of the year! I'm surprised this guy can breathe without help. I don't recall ever seeing a more biased, uninformed piece of journalism. Doesn't this guy realize that crap like this represents an unnecessary denuding of the nations forests? Clearly he has no understanding of basic economics or capitalism in general.
Naw. Couldn't be.
After his 'back to-nature' experience, Marford could enlighten us on the benefits of a "no oil" lifestyle.
Morford: You’re right - let’s not punch holes in Alaska or the coasts. Give them all up. Yes, I’m serious - we don’t need them! No drilling at all in Alaska. Or off the coast of California. Or Florida. Or the Gulf Coast. Bahamas. None of that.
Rather, we have 280 YEARS of our TOTAL oil consumption - 20 million barrels of day - sitting as proven reserves in our oil-shale. We should develop that. It is over a large enough geographic area we could realistically extract 20 million barrels a day.
We can have first production in 3 years, and full production within 10. All located in geographically stable, central locations in Utah, Wyoming, and Colorado.
Add that to the 7 million barrels a day we make right now, not only could we be 100% self-sufficient in terms of oil, we could be a net exporter of oil. At $100 a barrel, that is $700 MILLION a day in exports. At the 25% tax rate the oil companies pay, that would also be another $64 BILLION in tax revenue for the government.
So by all means, let’s not punch more holes in Alaska or the coast. But we’ll go after the shale oil with a vengance and never have to buy another drop of oil, ever again.
Adulthood.
I know! I know what you're missing! ..... A brain.
The marketer of deviance and the highly regarded rimmer of his beloved community is once again demonstrating his enhancement of stupidity.
Enjoy yourself as you spew your inane venom, but remember this, one of these days you'll get your layoff notice, or, the publisher's email about the paper's eminent closing.
So he’s in his fatalist mood this morning, is he?
Yep. The arabs have the last cup of oil. There is no more in the planet. Nope. Those blobs that come up on their own from the bottom of the ocean aren't an indication that there is anymore out there. Nope.
Besides those pumpers would spoil the scenery off million dollar estates on California coast.
It's like Fat Ted's "Don't build windmills in MY backyard".
When this guy’s time comes to meet his maker.... he’s not gonna die. He’s just going to nasty away.
What an embarrassing piece of so-called journalism.
As opposed to waving a magic wand and Poof! affordable solar energy without damaging our priceless desert environment; Shazam! Quantum leap battery technology that lets us actually use the solar energy, and "Oooh, Mr. Genie, you shouldn't have. Is that really a new hydrogen minivan that can actually accelerate and travel 350 miles on one fillup for lil' ol' ME??? Did you bring enough for everyone? And, you brought a new trillion dollar infrastructure so I can fill it up. You're so sweet."
As opposed to that, drill. There's actually oil in the ground.
Of coure, it would probably just be, "Forget the car, OOOOOH, Mr. Genie."
C’mon, give Morford a break. It’s hard for Marxists like him and Osama to understand the markets. They’ve been too long sucking on the taxpayer teat to understand anything as difficult as supply and demand.