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| Science & Technology |
| Drill near here, Drill NOW....Cramped on Land, Big Oil Bets at Sea - WSJ |
| 2010-01-06 |
| Posted by:Besoeker |
| #9 Buying into Redneck Jim's argument I think it's time to drill. Oil prices are up, and actual replacements are on the horizon (nuke power and hybrid and/or electric cars). A real President would do both. I know California could sure use some of that oil money right now. |
| Posted by: rjschwarz 2010-01-06 20:46 |
| #8 Yeah, Snowy, but importing virtually every other value-added product hasn't been good for the economy either. All we seem to be exporting is Wall Street fraud. |
| Posted by: Glenmore 2010-01-06 20:43 |
| #7 Nimble Spemble, importing 65+% of the oil used in this nation, prima facie, hasn't been good for the economy. |
| Posted by: Thing From Snowy Mountain 2010-01-06 19:04 |
| #6 If this idea is so good why is the US economy in the toilet? It sure isn't in the toilet because of the price of oil. More like the burden of taxation, too many entitlements, too many restraints on trade and labor, i.e. regulation, a lousy public education system, pooling of interest accounting are plenty of reasons for why our economy is in the tank. The price of oil is just a reflection of the decline of the dollar, which has fallen 90% in value since we went off the gold standard in order to pay for all the profligate government largesse. |
| Posted by: Nimble Spemble 2010-01-06 18:59 |
| #5 #2 It seems odd, but I think the USA has handled their oil resources extremely ell, buy other countries oil cheaply, then when they run out, sell them ours at very high prices. On the surface it looks bad for us, in the long run we profit greatly. You keep repeating this as if the foreigners are selling their stuff at 15 dollars a barrel instead of 150.00 (which it peaked at last year). If this idea is so good why is the US economy in the toilet? When we're all living under overpasses are you going to be sitting there with your laptop or your ipod looking for a wireless router so you can post this bullshit again? |
| Posted by: Thing From Snowy Mountain 2010-01-06 17:35 |
| #4 My dear, departed friend used to call "drill here, drill now" the "drain America first" strategy. |
| Posted by: Perfesser 2010-01-06 16:18 |
| #3 Grrr, spell check doesn't get them all WELL |
| Posted by: Redneck Jim 2010-01-06 13:21 |
| #2 It seems odd, but I think the USA has handled their oil resources extremely ell, buy other countries oil cheaply, then when they run out, sell them ours at very high prices. On the surface it looks bad for us, in the long run we profit greatly. |
| Posted by: Redneck Jim 2010-01-06 13:19 |
| #1 Seldom do I read an oil-related article that I don't find significantly flawed. This is a rare one. |
| Posted by: Glenmore 2010-01-06 10:24 |