McCain credits Bush for drop in oil price

[daihashi]

I've even seen reports on t.v. that stated one year within 15 miles of the coast. Fact is if we had the green light on this it would drive speculators out of the market. They said speculation was worth $60/barrel.....that would bring it down to $80/barrel from the $140 mark that it was.

Have a good one!:s4:

Wow.. $60/barrel. I hadn't actually heard a figure on what inflation speculation was worth. That is insane, that is about 40% of the current value of a barrel.

Let's hope congress votes on this... Let's also hope that our government doesn't lose sight of what's important and still continue to research alternatives fuels/energy so we don't run into this mess again.

[apocolips31]

More drilling is just going to delay our problems. We will have to use renewable energy for everything sooner or later. Why keep putting off the solution?

[dragonrider]

More drilling is just going to delay our problems. We will have to use renewable energy for everything sooner or later. Why keep putting off the solution?

Exactly. We've known oil was problematic and the supply unreliable for 35 years. Kicking this down the road another 10 years is not going to help. We need to move aggressively to the energy resources of the future now. Immediately.

[daihashi]

Exactly. We've known oil was problematic and the supply unreliable for 35 years. Kicking this down the road another 10 years is not going to help. We need to move aggressively to the energy resources of the future now. Immediately.

So you don't think that curbing the rising oil costs until we can create **affordable** alternative energy will help?

[dragonrider]

So you don't think that curbing the rising oil costs until we can create **affordable** alternative energy will help?

I'm all for curbing rising oil costs in the meantime. Doing so would definitely help. But I am not for offshore oil drilling or drilling in ANWAR. I don't believe that would affect oil prices significantly. I think it is a ploy to use the high price of oil to secure leases for the oil industry that would otherwise be out of reach --- it's not about saving you and me gas prices --- it's about securing currently off-limits resources for the oil industry.

[daihashi]

I'm all for curbing rising oil costs in the meantime. Doing so would definitely help. But I am not for offshore oil drilling or drilling in ANWAR. I don't believe that would affect oil prices significantly. I think it is a ploy to use the high price of oil to secure leases for the oil industry that would otherwise be out of reach --- it's not about saving you and me gas prices --- it's about securing currently off-limits resources for the oil industry.

We'll see. I'm fairly sure that drilling will get approved and if prices go down then we'll know drilling is responsible, if it continues to rise then we'll know it didn't help. If drilling doesn't get approved then we'll never know the answer.

Only time will tell now. :thumbsup:

[dragonrider]

We'll see. I'm fairly sure that drilling will get approved and if prices go down then we'll know drilling is responsible, if it continues to rise then we'll know it didn't help. If drilling doesn't get approved then we'll never know the answer.

Only time will tell now. :thumbsup:

Yes, only time will tell. I'm hoping the offshore drilling does not get approved and I do not think it will.

I do not attribute the recent decline in oil prices to Bush lifting the presidential ban --- I think the world economy is begining to slow.

[Psycho4Bud]

More drilling is just going to delay our problems. We will have to use renewable energy for everything sooner or later. Why keep putting off the solution?

I agree with ya on NOT putting off the solution. Other resources should be explored and implemented A.S.A.P. but untill then, whats wrong with doing what we know how to do now to boost the economy and give joe public a break at the pumps? Can't we do all these things?

Reminds me of when I worked for a company doing industrial sales. We had to have a new computor system so what did they do? Not a gradual transition but a complete shift over. Turned out to be a MAJOR cluster fuck! We're currently based on fossil fuels...wouldn't a gradual transition to other means of energy be a bit more in line?

Have a good one!:s4:

[Markass]

They have absolute control of it; they lower it when they need brownie points. If I've previously read correctly, nothing will even happen due to lifting that until congress takes action..It'll be back to 3.79 soon enough.

[daihashi]

Reminds me of when I worked for a company doing industrial sales. We had to have a new computor system so what did they do? Not a gradual transition but a complete shift over. Turned out to be a MAJOR cluster fuck! We're currently based on fossil fuels...wouldn't a gradual transition to other means of energy be a bit more in line?

Have a good one!:s4:

I work in the technology industry.. and the oil industry. Let me tell you in each situation doing a complete shift over is almost always disasterous. There are tons of logistics and fall back plans you have to put into place before you even make a minor change to a Network.

Imagine trying to change the ever growing population from oil to alternative energy in 1 day....

Right now we just dont' have the infrastructure to support an immediate flip over to alternative fuel sources. I am baffled how people are blind to see this. They demand NOW NOW NOW... but what are they going to do when they get their new alternative fuel car with no station to fuel up at.. or only a station like once every 50-60 miles?

Then there is the technology shift.. who are going to support and maintain these cars if the technology were to just change over night?

Then there's the potential dangers to be worked out. Naturally there will be problems with these cars during the first few generations of production. Honestly that's just the way it is. Rarely do things go EXACTLY as you plan. Who wants to drive in a mass produced car they don't feel safe in?

There's the cost to produce the technology. I believe a hydrogen fuel cell currently costs around 1 million dollars just for the fuel cell. If you want to discuss electric cars then we can also discuss the negative impact that would have due to future upcoming events that will effect our electricity supply as well as blackouts which we've had a history of occuring within the united states before.

There are just many logistics to be worked out that it simply isn't possible to do this at the flip of a switch like everyone suggest. And it pains me to hear people being so demanding because all I envision are my fellow Americans that do this as being that kid that we all see in the mall or the store that stomps his feet if he doesn't get that candy bar that he wants. Since when did we become so unreasonable that we became comparable to whining 5 year olds?

We should be critical of our government. Absolutely!!! but we should also be reasonable in our demands.

:thumbsup: