Drill here, don't drill...what do you think?

[AMink]

I am getting furious that our government, by the people and for the people, will not authorize drilling for oil in our country. I have grave concerns that we are going to see another depression in the not-to-near future because of our "feel good" policies, among other issues.

 

[RGardner]

I really don't think that is the problem, there seems to be no real supply constraints. This thing is feeding on itself, the traders are pushing higher and higher, this isn't going to stop till we have a wreck, in my opinion.

 

[steved]

I really don't think that is the problem, there seems to be no real supply constraints. This thing is feeding on itself, the traders are pushing higher and higher, this isn't going to stop till we have a wreck, in my opinion.

Exactly... we have record supplies of fuel currently. Any shortage is *purposely* made... to drive prices higher...



Everything is based on trading, not supply/demand. Our fuel prices are directly related to other stock markets too... I heard our prices went up, yet again, because trading in Singapore. What does Singapore have to do with OUR fuel prices?

 

[JesseJ]

Singapore has everything to do with our fuel prices because oil is a worldwide commodity, and everyone in the world is using more of it! We would be wise to start drilling off our coasts, currently 85% of our off shore drilling areas have been off limits to drilling for 30 years. Clinton vetoed drilling in ANWAR in '94 because "it would be 10 years before the oil actually came to market. " Well, 1-2million barrels a day flowing from there now would be a big deal to the market! We need to drill off our own shores so that we quit sending money to countries that hate us, Venezuela, Iran, etc. Our other problem is refineries. We import 17% of our refined products. How much more expensive is that than having our own refineries right here in the U. S. ?! With oil at $123/barrell, think about what happens if we get some hurricanes in the gulf this summer? Get ready to bend over and pay $5-$7/gal. for gas/diesel.

 

[DBentley]

Im all for drilling in my backyard if it brings the price to where it should be (2. 00-2. 50per gal. I. M. H. O). But its to late were in for 5. 00-7. 00 for the next few years because once the price goes up it never goes back down. Just like taxes never go away

 

[Dieselnut59]

There are several things I have heard mentioned lately. First, we need to go to a retail sales tax, ONE time on the purchase of NEW goods and services and quit taxing income and corporations (who must then pass the cost on to the consumer). Our current tax structure has run MANY corporations out of this country. Businesses do not PAY taxes. Any tax imposed on a business is imbedded in the cost of whatever you buy from that company. Stop taxing business and they will quit leaving this country and outsourcing to India, Mexico, China, etc.

We have got to allow drilling in our own country and off our coasts. We also need more refineries. It has been mentioned to open refineries on abandoned military bases. I think that is an excellent idea!

 

[Tractorat]

We absolutely need to drill more and build more refineries. But even if we do, first of all. there is plenty of oil now. The oil we would start drilling for in 10 years probably won't affect the supply surplus by much. The other thing, is that our domestic oil will still be priced at what the speculators on wall street set it at. On top of that, if they can make more money that way, our oil will be shipped overseas.



The bottom line is, no matter how much oil we drill for domestically, we will always import oil from the Saudi's

 

[WStephens]

They are dilling and producing oil from the ground here in the US, go to Wy, CO, UT, NM Dakota's and you will see the oil companies are booming. When the pump price stated going up there were Jobs in the Rocky Mountain region.

 

[GHarman]

Refinerys and infrastructure

Without more refineries on line and updated distribution methods, more oil will not change the problem we are facing. GregH

 

[Cattletrkr]

Google "Bakken formation". There's decades of oil in ND that isn't worth drilling for at lower prices. Higher prices suck, but they also make more drilling worthwhile.

Tractorat it correct. Oil companies will not give us a hometown discount just beause they can drill here. The oil will still be priced on a world market. However, another major source or two should depress global prices some I would think.

What we need to do more than anything is stop all petroleum exports.

 

[rteig]

Im all for drilling in my backyard if it brings the price to where it should be (2. 00-2. 50per gal. I. M. H. O). But its to late were in for 5. 00-7. 00 for the next few years because once the price goes up it never goes back down. Just like taxes never go away

I agree, now that big oil knows we will pay $4. 00 + per gallon it will never go below that. I say drill and any damn environmentalist that gets in the way be sentenced for treason (which is still punishable by hanging isn't it) and that goes for environmentalist politicians and judges too!

 

[TAbbott]

Even if it is the commodity traders that have the price pumped up beyond reason, the only thing that will cause them to come back to earth is notice that 1) We will be drilling; 2) We will be refining; 3) We will be utilizing nuclear energy for far more than the current 10% of our electrical generation.



If authoritative statements could be made by the country's leaders confirming the above and contracts were being let to accomplish same, the price of oil would come down overnight -- it wouldn't take until the supplies actually came on line.



Spend the $$ we are currently sending overseas to buy oil to go after our own supplies. It would save $$$ in both the long and short run.



The price of oil has gone completely crazy following the results of the last election, and the results of the next one need to change things around or it's gonna get worse before it gets better.

 

[DValentine]

Greg H is right about refineries. It is also the same for the power grid across the nation. They both are a bottle neck for new production. Both need to be updated, expanded. Both have been neglected for years, in regard to the number of people in the USA and their needs (wants).

D

 

[fox]

There is no incentive for our 'elected' oficials to work toward lower prices!!!!

They,-government is making abundle of money off of these high prices.

Don't vote for anyone who is running for re-election.