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.

howdydostu,

Once again, supply and demand.

http://blogs.dailymail.com/donsurber/200...

Liberals can't seem to understand the concept of the futures market.

The price of oil DID spike just before Gustov, but quickly fell when it was much weaker than expected. Check the records.

As for 9/11 and having "American Spirit," I sure am proud of our President for protecting the homeland, and I sure am proud of our troops and their "American Spirit." But then again, I do "cling to my guns and religion."

You unbelievably wrote the following:

Has anybody noticed that the price of oil, though unstable, has dropped about $40.00 a barrel WITHOUT opening one more refinery or drilling one more oil-well??
Drilling gives permission for companies like Exxon-Mobile, who have NO allegiance to the United States, to continue PUMPING BILLIONS OF THEIR OBSCENE PROFIT DOLLARS to hostile countries!!

I already tried to educate you about not needing refineries, so let's move on. I agree that we shouldn't force Exxon to drill overseas, They should drill HERE.

Now, sir, please give us your "energy plan." Come on, show some leadership and let us in on your "secret plan" to become energy independent in 10 years, without more drilling, of course.

Gordon,

Let's not try to re-write history.

http://www.worldnetdaily.com/index.php?p...

As for for your article about the 1990's, it was about REFINING CAPACITY!!!

http://tonto.eia.doe.gov/dnav/pet/hist/m...

And if a couple POS oil companies tried to manipulate, which you may have a point, why would you blame McCain?

We do NOT need any new refineries. If you look at the utilization percentages (table above), capacity has been in the mid to high 80's for the last two years. This is due to the HUGE increase in the use of ethanol for the last year and a half. Remember, ethanol and bio-diesel does NOT need to be refined - just blended. Ethanol usage in the US has replaced almost 7% of the gas we use in our vehicles, and will be 10% next year. And bio-diesel usage is also starting to rapidly accelerate, which would again increase refining capacity.

If Bush truely wanted to "manipulate" the cost of oil, why, Sir, would he ramp-up renewables usage (increase supply), increase MPG standards for auto man. (decrease demand), and call for more drilling (increase supply). Don't Liberals understand the law of supply and demand?

odeman,

You couldn't be more WRONG!!

http://www.api.org/Newsroom/demand_five_...

BritheGreat,

I agree that we need to drill, and do ALL the above. Let's not forget, plug-in electrics ( like the Chevy Volt), will be here within a couple years. Nothing wrong with using more US wind to generate more US electricity for US Chevy Volt.

TRUTH DETECTOR

If anyone wants to know the TRUE facts, then read on:

1. Why not go offshore?: way more expensive than on land (see Denmark), hypocrites like Sen. Kennedy don't want them close to "their beach," and WE HAVE THE BEST WIND POTENTIAL IN THE WORLD ON LAND, stretching from Texas to North Dakota.

2. We limit off-shore drilling to 125 miles off the coast, BUT China is going to DRILL OUR oil off of Cuba, which is less than 50 miles away from the Keys.

3. Yes, we should all conserve, which is what we are doing - oil consumption has DECREASED by over 400,000 barrells per day (bpd) in 2008.

4. As for the US using oil for electric generation, these oil based products account for only 1.1% of US electric generation.

5. US electric generation as of April 2008 : coal 50%, nuclear 20%, Natural gas 19%, hydroelectric 6.7%, petro-fired 1.1%, others - primarily biomass, but also geothermal, wind, solar - only 3.5%.

6. Need to drill in ANWR:
A. Not a forest, it is frozen TUNDRA most of the year, small footprint, next to Prudhoe Bay - our largest discovery EVER, Alaskan pipe-line only pumping at half capacity, thus ANWR would greatly extend its useful life, will harm less animals than wind(let's not forget the birds, bats,), plus it has a TON of oil.

7. Say what you will, but GW Bush did more for renewable energy than anyone else, and I think these should all be expanded: THE FACTS:
A. Wind Power capacity in MW :
year 2000 - 2566 mw's
current existing - 19,549 mw's:under construt 9,022 mw's
B. Solar photo. peak kilowatts :
year 2000 - 19,838 kw ; year 2006 206,511 kw
C. Ethanol :
year 2000 - 1.63 billion gallons ; 2007 - 6.5 billion gallons ; current capacity - 9.961 billion gallons, with another 3.79 billion gallons capacity under construction.
D Biodiesel :
2000 - 2 million gallons : 2007 - 450 million gallons.
E. I also support hybrids, electric plug-ins, and E85 flex-fuel, increased MPG standards, nat. gas, and clean coal. E85 has huge potential, but state gov't fraud, such as in NJ, which gets a federal subsidy for using E85 capable vehicles for their fleets, but have ZERO E85 filing pumps, has hurt the cause. States such as Minn. and Illinois, are doing a fine job. No, I don't support Obama, but I call em like I see em. Country first!!!

In conclusion, we do need to drill for more domestic oil. Domestic production was over 6.5 million bpd in 1995, but now only 5 million bpd, with over 26% coming from the hurricane-prone Gulf. Folks, we need to drill in ANWR and LIMITED increase off-shore. PERIOD.

FULL DISCLOSURE : I have a major interest in a bio-diesel plant in Ohio. We currently use soy, but are experimenting with other, more sustainable sources. Yes, all the things I mentioned will DIRECTLY compete, and possibly hurt, price per gallon for my bio-diesel, but remember COUNTRY FIRST. Thanks for your time,

TRUTH DETECTOR