DRILL BABY DRILL!! !

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23 Jun 2011, 2:36 am

http://www.huffingtonpost.com/2011/06/22/house-offshore-drilling-rules-vote_n_882699.html

WASHINGTON -- The House has approved a bill removing a barrier to companies seeking to drill for oil in some areas offshore.

The measure was approved Wednesday by 253-166 vote. It would give the Environmental Protection Agency six months to decide on air pollution permits for offshore rigs or platforms exploring for oil. It also limits challenges to the EPA's appeals board and restricts which emissions can be evaluated.

Shell Oil Co. scrapped plans to drill in the Beaufort Sea off Alaska in February after the appeals board said it would review its permit.

The delay has been criticized by Republicans for blocking oil production and is the primary reason for the bill.

The White House opposes the measure, saying it deprives citizens of a way to challenge permits and would also increase air pollution.

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MarketAndChurch
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23 Jun 2011, 4:13 am

thats good to hear! Go Exxon and Chevron!

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John_Browning
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23 Jun 2011, 4:46 am

MarketAndChurch wrote:

thats good to hear! Go Exxon and Chevron!

Who cares about them as long as their interests are made to align with the best interests of he US economy!

MarketAndChurch
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23 Jun 2011, 5:07 am

John_Browning wrote:

MarketAndChurch wrote:

thats good to hear! Go Exxon and Chevron!

Who cares about them as long as their interests are made to align with the best interests of he US economy!

we have to care about them. They are only large entry into the world's energy market, and they are privatly funded as opposed to every other energy super-corporation out there who enjoy state-backing and no stupid oil moratorium.

My earlier opinions on the matter:

Quote:

Sure, but what about the fact that every country "GIVE" their oil companies money to outcompete other countries energy companies? We don't give Exxon billions of dollars to compete with... In the Energy marketplace, do we punish our American-based Oil Companies so that they can be social veins of welfare and pay for our trade and budget deficit? What is the incentive for our 4 or so oil companies to stay in the states? They don't even make their profits in America, yet America wants a large portion of that? To use Exxon, the company you brought up, over the last 5 years, they've made 40 billion dollars from conducting business in the US and US consumption. It's total profits have greatly exceeded that from doing business world-wide, and over the last 5 years, it has totaled 59 billion in taxcuts. (59 billion being a percentage of it's world-wide profits). That's an 18 billion dollar tax, or 3.6 billion a year more money in the pockets of DC from business that wasn't conducted here.

The oil moratorium on the Gulf have cut their profits and outreach greatly, while Gazprom(Russian) and Petronas(Malaysian) are joined by companies from Norway, India, Venezuela, Vietnam, Spain, and Brazil in their move to drill in and around Cuba. Only 5 of the worlds largest energy companies are investor owned and most (if not all) come from the United States.

Also, a Tax Break is not a Subsidy. You feel differently. Please explain how you've butchered the definition of the word subsidy to make your definition float?

http://www.wrongplanet.net/postt162067.html

btw, I am personally a Chevron guy, but rooting for either is like rooting for Ford or Intel so go Domestics: middle-to-upper-middle class livelihoods depend on you!

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John_Browning
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23 Jun 2011, 5:24 am

Just because we need the oil companies doesn't mean anyone really likes them except maybe their I think that all the consumers care about is that they make cheap oil available and lots of it, and that they don't do anything stupid getting it to the consumers.

I've tried to find out where my gas comes from but it's a small independent chain that I can't get information on. I never use Vallero because that's Venezuelan oil and it also naturally contains enough sulfur to be a little bad over time for your engine.

nostromo
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23 Jun 2011, 5:40 am

Or go BP, go Petrobas

number5
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23 Jun 2011, 9:40 am

John_Browning wrote:

...and that they don't do anything stupid getting it to the consumers.

This is the part where things often become problematic.

ruveyn
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23 Jun 2011, 11:27 am

John_Browning wrote:

MarketAndChurch wrote:

thats good to hear! Go Exxon and Chevron!

Who cares about them as long as their interests are made to align with the best interests of he US economy!

Long term interests or short term interests?

ruveyn

John_Browning
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23 Jun 2011, 4:24 pm

number5 wrote:

John_Browning wrote:

...and that they don't do anything stupid getting it to the consumers.

This is the part where things often become problematic.

It's a chance we have to take because high oil prices are a major factor killing economic recovery.

number5
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23 Jun 2011, 4:48 pm

John_Browning wrote:

number5 wrote:

John_Browning wrote:

...and that they don't do anything stupid getting it to the consumers.

This is the part where things often become problematic.

It's a chance we have to take because high oil prices are a major factor killing economic recovery.

Consumers are not on the winning side of that risk. Also, as Ruveyn pointed out, what may appear to be in our best short term interest may not actually be in our long term interest.

John_Browning
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23 Jun 2011, 5:38 pm

number5 wrote:

John_Browning wrote:

number5 wrote:

John_Browning wrote:

...and that they don't do anything stupid getting it to the consumers.

This is the part where things often become problematic.

It's a chance we have to take because high oil prices are a major factor killing economic recovery.

Consumers are not on the winning side of that risk. Also, as Ruveyn pointed out, what may appear to be in our best short term interest may not actually be in our long term interest.

If you move most of the drilling back on land and into water shallow enough to get deep saturation divers or men in atmospheric diving suits down to, the risk drops substantially. We can cap a well or shut down a pipeline a lot easier when we can reach it. Fossil fuels are not going to last forever,but we need to do something now. If we can get fuel prices to stay down enough I would gladly support an initiative for adding a tiny tax to fuel to support new energy research.

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