User profile: truthdetector

Gordon,

Cute, let's just call people pagans. And I am sure we are all impressed with your qualifications. I am just a good ole boy from Ohio, with an MBA and MSA from OSU. I, unlike you, have taken a private oil exploration company public, cashed out, and am currently invested in a bio-desiel plant with almost 50 mgy production capacity... And another 50 mgy plant about to break ground by Lake Erie.
As a "well compensated CFP," why would you not want to drill in ANWR in order to diversify production away from the hurricane plagued GOM? Furthermore, my partner spoke with Rep. Young of Alaska over the weekend, and I was pleasantly surprised to learn that oil can be produced from ANWR at about $2.5 per barr., as opposed to $85 - $90 per barr, in deep water gulf.
I do agree with you on one thing : I believe we will see a cut from OPEC.

Dems energy policy :

NO TO DRILLING FOR OIL - ANYWHERE!!!!!!
NO TO USING COAL FOR ELECTRIC GENERATION!!!!!!
ZERO USE OF CARBONS FOR ENERGY!!!!
GOOD OLE AL GORE :

http://www.usnews.com/blogs/capital-comm...

gfsomsel,

I agree about nuclear. I don't know about shooting it into the sun, "that's above my pay-grade." lol

jfnance32,

SPOT ON. Once again, it goes back to supply/demand. If the fed opened up acres that actually had oil (supply), than the oil companies would actually bid for it.(demand)

And since it currently costs about $80 pb to produce, and this number is going to $90 - $100 pb, I don't think to many companies will line up. Let's see, purchase a lease, invest another $100 mil for platform, HOPEFULLY find oil, pray you don't get hit by a hurricane, hope the Suadis (who can produce for a couple bucks per barr) don't squeeze you out, hope that you don't spring a leak and get sued, finally make some money, give half to the gov't ...for nothing...and than listen to Obama talk about a WINDFALL TAX. Fed has it good..claim land, charge for a blind lease, take a cut if they find oil, tax the end users by the gallon at the retail level...and if they find A LOT of OIL....WINDFALL TAX.

http://money.cnn.com/2008/08/21/news/eco...

Gordon,

1. I wasn't aware that the dems. called for more drilling since 2006.
2. Could you please point out any reference that I made about $700 million. But I will answer anyway. I would put the figure at $300 billion. The $700 billion LIE comes from T.Boone (import 5 mbd X $140 = 700) T.Boone is looking for fed. handout, btw Pelosi just invested $100,000 with him. Let me guess how she will vote?
3. As for the $22 pbb in 2001, please look at the increase in demand from China, US, and India since 2001. Then look at decrease in supply. Once again, supply/demand.
4. I have posted that I am in the bio-diesel bus., so believe me, I am no fan of big oil.
5. If you credit the dem. Congress for #1, why don't you also blame THEM for $147 ppb? How can you have it both ways?

I am actually enjoying this. Thanks.