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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (298)	6/12/2008 3:50:58 PM
From: Brumar89	Read Replies (1) \| Respond to of 86355

Proven reserves are a fluctuating number, dependent on drilling that h/b done to prove them. Its not like the proven reserve number is a fixed quantity of oil that represents all we can ever use. It's fluctuated less than 10% over 10 years. It's not like it's going to change 50%, or even 20%. First off, its speculative to say how reserves will or won't change in the future. But even if we can only change reserves by X%, there is no reason not to do so. Every little bit helps. If one is saving, one doesn't say its not worth it unless I save $1000 a month. You save what you can. If you can only manage $200 a month, you're better off saving that than giving up on the idea. If one is dieting, one doesn't say I won't bother unless I can reduce my calories by 1000 calories a day. Every little bit helps. -------------------------------------------------- Well then let's approve the other places when they start drilling at the currently approved places. I keep hearing a sense of urgency from you guys that doesn't seem to be shared by the guys that are supposed to 'drill us out of this crisis'. It takes time to evaluate things. There may be lots of other things that affect a decision not to drill or when to drill. ------------------------------------------------- Listen, I'm for opening ANWR and for the 50 mile limit (and that's about 51 miles from my home). But I'm also for a trade with the oil companies... 'use it or lose it'. If they are not going to drill, then we are wasting out time and political energy. Look, opening up acreage including ANWR doesn't insure that anything recoverable will be found. Though its not likely, we could explore ANWR and find nothing recoverable. There is no sure thing. Doesn't mean we shouldn't try. --------------------------------------------------- But you folks act like we can drill our way out of this; we can't. And you folks act like we don't need to drill because we can conserve our way out. We can increase efficiency and get past this problem. I see thats the basis of our disagreement. I don't believe that. High prices can and do cause conservation, but that is going a painful process and we can't simply conserve our way out of using oil at all ... at least not in our lifetimes or that of our kids.

To: Road Walker who wrote (298)	6/12/2008 4:33:29 PM
From: TimF	Read Replies (1) \| Respond to of 86355

Why are you so focused on this "use it or lose it" idea? If prices are high and look to remain high, and there is a decent possibility of getting a large amount of oil from a location than it will be drilled. If its uneconomical than it won't. Whether it makes economic sense varies over time with changing conditions and technology. If and when it doesn't make sense why pressure companies to waste resources by drilling when and where it doesn't make economic sense?