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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (391711)	6/17/2008 8:57:50 AM
From: Road Walker	Read Replies (3) \| Respond to of 1577111

Why do you and all of the opponents to domestic drilling keep repeating this "10 years" nonsense? First I not an opponent of domestic drilling. Second the oil companies use 10 years for a most places. There are probably some easy ones that could product in 5 years... but not produce much. Why are you guys so against efficiency? I'll give you ANWR and 50 miles... you give me a serious fleet efficiency initiative. I'm willing to compromise, are you? This is way beyond an ideological or Dem/Rep issue...

To: steve harris who wrote (391711)	6/17/2008 9:18:53 AM
From: Road Walker	Read Replies (1) \| Respond to of 1577111

"Republican senators argued there are some 14 billion barrels of recoverable oil available in waters now off limits." 14 Billion sounds like a lot until you consider that the US alone uses 7.5 Billion a year. ---------------------------------------------------------------------------------------------------------------------------- McCain urges end to ban on offshore drilling By DAVID ESPO, AP Special Correspondent Mon Jun 16, 9:17 PM ET Sen. John McCain said Monday the federal moratorium on offshore oil and gas drilling should be lifted, and individual states given the right to pursue energy exploration in waters near their coasts. With gasoline prices rising and the United States chronically dependent on foreign oil, the Republican presidential contender said his proposal would "be very helpful in the short term resolving our energy crisis." McCain also suggested giving the states incentives, including a greater share of royalties paid by companies that drill for oil, as an incentive to permit exploration. Asked how far offshore states should be given control of drilling rights, he said that was a matter for negotiation. He offered no other details for his proposal, which he is expected to describe more fully on Tuesday in an energy speech. McCain's presidential rival, Sen. Barack Obama, opposes an end to the moratorium, a spokesman said. Hari Sevugan said McCain's "plan to simply drill our way out of our energy crisis is the same misguided approach backed by President Bush that has failed our families for too long and only serves to benefit the big oil companies." The current drilling moratorium is a perennial cause for controversy, pitting those who favor additional exploration against environmentalists. The current ban covers an estimated 80 percent of U.S. coastal waters. Given Democratic opposition in Congress to ending it, the Bush administration and congressional Republicans have been seeking the type of state option McCain endorsed. The GOP presidential candidate said a recent run-up in the price of oil was having an adverse effect on consumers. "We've seen the impact of it in the form of food prices, in the form of gasoline, in the form of threats of inflation and indeed indications of inflation, and we must embark on a national mission to eliminate our dependence on foreign oil," he told reporters. McCain has sought to carve out something of a middle road on energy issues, parting company with many Republicans by calling for measures to reduce greenhouse gases and opposing drilling in the Arctic National Wildlife Refuge in Alaska, for example. Later, at a fundraising event in Dallas, McCain told a questioner in his audience that he remains opposed to drilling in the wildlife refuge, a pristine wilderness area that has been the subject of pitched battles in Congress in recent years. The Senate last month rejected a GOP energy plan, 56-42, that included a provision similar to McCain's proposal. It would have allowed a state's governor to petition to have the federal moratorium lifted for waters off its coast. Republican senators argued there are some 14 billion barrels of recoverable oil available in waters now off limits. Also, the House twice has approved giving states the right to opt out of the federal ban, both when the GOP held the majority, but the proposal has never made it through the Senate. McCain made his remarks before leaving the Washington area for a pair of fundraisers in Dallas. Another fundraising event, originally set for the home of Clayton Williams in Midland, Texas, was pulled from the schedule after news organizations pressed McCain's campaign about holding an event with the 1990 Texas GOP gubernatorial candidate who once joked that women should give in while being raped. McCain sought to minimize the fallout, telling reporters his aides had not known of the earlier comment when they scheduled the event "We'll do it someplace else and I understand he's not attending. That's pretty much the sum of it all," he said. He said he would hold another fundraising in the Midland area later this summer and Williams would not attend. Democrats have called on McCain to return more than $300,000 that Williams had raised for McCain from other individuals.

To: steve harris who wrote (391711)	6/17/2008 11:45:50 AM
From: tejek	Read Replies (3) \| Respond to of 1577111

Why do you and all of the opponents to domestic drilling keep repeating this "10 years" nonsense? It doesn't take ten years, not even close. I know that facts are not that important to you guys but did you know that the Saudis are having trouble unloading their 'sour' crude on the markets at a $25 discount to the Brent crude which is the crude commanding the $140 price tag and is the light, 'sweet' stuff? Literally, they have the stuff in ships waiting to go somewhere but there are no takers and they may have to discount it even more. Now the ANWR which you all are so psyched up to despoil has the sour crap that we don't even use. So then we would have to compete with the Saudis to try and find a place to unload.......the most likely place is Japan. In other words, drilling the ANWR is the weakest link to a solution and should only be done as a last resort. If the oil in the Gulf is the sweet stuff, then I say go for it. In addition, we have a huge pool of NG that is not getting tapped. We need to go after it asap. It is now cheaper than oil and we produce most of our NG locally.