oil...up another 5 bucksnow 147/barrel

[Mr. Sandman]

Alternatives will not be the answer for a loooooong time. It took over a 100 years to build this infrastructure and the entire world economy is powered by it. You can't tare it down overnight without massive pain, and the poor will suffer them most. You need to transition or the pain will be enormous. Unfortunately the liberals are vested in high oil prices...I honestly feel they believe have something to gain if oil is so high it causes great pain to others. Unfortunately, the only economic plan they have is based on Robin Hood.


If there was oil in my backyard, I would drill for it, but there ain't. Just sand, clay and seawater.

[likwid]

Very very simple.
ANWR will have no effect on oil prices.
The end.

[striperman36]

Originally Posted by likwid

Very very simple.
ANWR will have no effect on oil prices.
The end.

Total Agreement, lease expansion is just another land grab by the private sector

[Back Beach]

Paid a record $86 today to fill my explorer. Last year I was gawking at the pump when I paid $60 to fill it.

There's a consensus among many economists that speculation is driving this to a large degree also. At some point the specs will exit and prices will pull way back, but we may see 200/bbl first.

Boone Pickens was on CNBC yesterday pushing for implementation of wind turbines in the great plains as a renewable energy source. Turbines on the cape are sounding better all the time.

[Diggin Jiggin]

I really don't understand why we lease our oil to the oil companies and buy it from them at what the market will bear. As much as I'm not a fan of big government, there is no reason why we need Exxon and mobil to drill our own oil and then sell it back to us, or worse yet, sell it abroad.

If we can build stealth fighters, why can't we have a national oil dept that just drills our own oil and only sells it domestically at cost. The entire global econmy is hostage to the greed of the oil markets.

[Mr. Sandman]

Your naive, You said that 10 years ago...and this is what that thinking produced we now have now ...little domestic oil supply. I see it as more of a security matter. It is that very thinking that has reduced the security of this country.

Private sector Land grab? that is laughable. You are in the "just say no to anything" camp. Altatives just don't have the energy density that is required to meet real needs of people. Yes a farmer or a rural bare bones home can get buy but a couple of apartment buildings in Miami in July will require an AC load that will will require an windfarm the area of the state of RI. Do the numbers.

Sorry, you have to tell us all how airplanes will be powered for the next 100 years. Windmills I guess eh?

Go take a Physics class and get back to me. Please show me how alternatives (besides nukes) will drive this world, they cant.

5-10 years? add another zero. REALLY! It takes 5-10 years for GM to introduce a new car and that is fast! More like 50-100 years. We need some domestic supply of oil, drilling here will produce that. What is your problem with drilling wherever we can?

[Circlehook]

Nuclear submarine technology + Fords declining sales = Nuclear powered Expeditions.

Nuclear is really the way to go for powering cities and towns.

[Hooper]

I would wager it will be $200 /barrel by the end of the year.

We need a unified national resolve to develop realistic alternatives to fossil fuels. I don't believe that the US political system is capable of unifying the US towards that goal. The US political process is interested in attaining and remaining in officer/power by any means, that is their goal and always will be.

I do believe new advances are on the horizon, but only through private sector technology working towards the goal, in spite of our elected offiicials, not because of them, though they will smile and take credit when it happens.

[piemma]

I don't know what the answer is, I'm just not smart enough. I am bright enough to know that if our government doesn't do something pretty quick the economic structure of this country will completely dissolve and we will be in the Great Depression of the Millinium.