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1. 

   Ketira shena Pretarasedrin said, 10 months ago

   I don’t blame the other guy. If they had found water, everyone would be clamoring to get it.
   Ah, Midwest – I sympathize with you. I’ve been there….
2. 

   dtroutma said, 10 months ago

   Jed Clampett can now buy a cement pond? Beverly Hills? Or LaBrea tar pits next door?
3. 

   onguard said, 10 months ago

   Obama is coming in to Plug the well. China is coming to buy it. …..and the Beat goes on.
4. 

   Chillbilly said, 10 months ago

   2009 US Domestic Oil Production +8.29%
   2010 US Domestic Oil Production +2.12%
   2011 US Domestic Oil Production +3.62%

   Source: US Energy Information Association
5. 

   Corosive Frog said, 10 months ago

   Righties always worry about energy price. True, we need oil. You know what else we need? WATER!
6. 

   onguard said, 10 months ago

   @Chillbilly

   Thank god for Fracking. On private land. Where are the Drilling Rigs in the Gulf?
7. 

   ReasonsVentriloquist said, 10 months ago

   @onguard

   “Where are the Drilling Rigs in the Gulf?”
   .
   What say what? I have a poster hanging in my office that shows how many wells there are in this stretch of the Gulf. There is not a person who see it that doesn’t say “Holy moley!” Now you can say Holy Moley too!
   .
   Three NEW Deep Water drills set for the Gulf A $4 billion commitment doesn’t seem to jibe with the rhetoric of the right, that there isn’t drilling going on or that companies can’t drill thanks to Obama.
   .
   Sorry.
8. 

   dtroutma said, 10 months ago

   Coal, oil, and natural gas companies and “organizations” are doing a lot of weird, REALLY WEIRD advertising on TV to try to convince folks their product is clean, and access “threatened” by Obama, and their selling pure BULLS**T! Which has been for millennia, and can be, used for “fuel”.
9. 

   ReasonsVentriloquist said, 10 months ago

   Meanwhile, why do we care where they drill the oil? Aside from the initial jobs it’s not like we the Americans “win” by domestic production. The oild companies aren’t paying US in the USA for the oil they take out of our national wealth.
   .
   Oil has made the Saud family and Saudi Arabia very rich. The same can’t be said for the USA. If we as the USA made the same money per barrel of oil as the Saudi’s make from each barel of oil that Exxon tkaes out of their national reserve, then we wouldn’t even be talking about anybody’s income taxes!
   .
   Royal Dutch Shell is getting ready to pump the Alaska sea for oil. You know how much the lease cost? $2.2 billion dollars Here, And it’s even Fox News!
   .
   So the USA get’s $2.2 and Shell gets to sell us our own oil… 27 billion barrels worth! We’re selling Shell oil our natural resource for 8 cents a barrel! At $100 per barrel Shell will generate $2.7 TRILLION!
   .
   Just 0NE example.
10. 

    onguard said, 10 months ago

    @ReasonsVentriloquist

    Pay close attention to the facts. There are production wells now in the Gulf. Obama ran the DRILLING rigs out of the Gulf. Your Link is about proposals, two years out. Obama has a record of holding or eliminating the needed Permits for actual drilling. …..Again Where are the drilling rigs in the Gulf?
11. 

    onguard said, 10 months ago

    @ReasonsVentriloquist

    When Iran closes Strait of Hormuth America will need the Oil you so contemptibly dismiss.
12. 

    onguard said, 10 months ago

    @dtroutma

    All anyone has to do is look what Obama has done to Coal. He and his ilk have no idea what high energy cost does to an Economy. Turn out your lights and develop some creditability.
13. 

    ReasonsVentriloquist said, 10 months ago

    @onguard

    First of all, since when is a delivery date in 2013 two years out from past mid 2012?
    .
    Second is that you don’t commit $4B unless you know you’re going to make more back from it!
    .
    Thirdly, with all of those existing, shallow water holes, who needs more drilling? You need to get the oil out of those holes, but there is less profit in that than there is in finding more oil.
    .
    Once the oil is found and is a “proven reserve” then it goes onto the companies books as an asset. There it only grows with the increase in the price of oil. But you find a new well and now your companies valuation jumps.
    .
    Can you now see how you are being played for the fool in this scenario?
    .
    Please, learn the difference between the words “When” and “If.” And then learn how to understand the realpolitics of that “If” so that you can understand life beyond “thunderdome”.
    .
    IF the Irani’s TRY to block the straits of Hormuz, THEN the US warships that we spend so much time building and maintaining will clear Iran from the Straits in about a week. Even the Iranians know this. That you don’t is a matter of the poor information you allow into your thought process.
    .
    COAL: All you “Let them go out of business” types that abhorred the Auto and Bank bailout are now looking for the US government to bail out the Coal industry by trading their money for American lives.
    .
    Coal is dying because of Natural Gas coming in at a lower $/BTU. Coal has to either find a market for their product or find a different business to be in! We shouldn’t bail them out by letting all people downstream from them pay the price to keep coal profitable.
    .
    Welcome to the real world! Changes in technology obsoletes old technology. Happens every day. When Fusion comes about, oil will be practically worthless (except for all those petrochemicals we get out of it) When Nanotech can create edible, nutritious food out of the component atoms, we won’t need cows anymore. Should we keep growing them anyway? Or will ranchers need to find something else to do?
    .
14. 

    ReasonsVentriloquist said, 10 months ago

    One more thing.
    .
    If the oil is an asset on your books, and you have a lot of oil in a lot of holes, what is your motivation? To see the value climb right? and how do you do that? by restricting supply into a static demand right?
15. 

    onguard said, 10 months ago

    @ReasonsVentriloquist

    You get paid by the word?…..Key word “Permit” Obama has a history of “non issue” and also he has pulled them….. Investment = permit, ask the Coal companies how that works.
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