Quote:
Originally Posted by texas*princess
Even if they started "exploring" tomorrow, it would take anywhere from 3-5 YEARS for that to affect prices.
And even if this is something that does provide a solution for a few decades, what about after that? And what about the other ramifications this causes?
Considering you have told us on more than one occasion that you are in the oil industry, that doesn't exactly make you an unbiased person.... how much was it Exxon made in profits last year? 92-Billionish?
|
Ehh, not so juch "exploring" as it is producing. We pretty much know where every drop of oil is on the planet. Immediately flooding our market with more product will start affecting things far sooner than you think. We can drill a well and have it producing in two weeks.
Again, I didn't say provide a solution. I said provide assistance to our current problems. We wouldn't start drilling for more oil and completely stop our other areas of concentration.......especially natural gas and wind. I would hope that in 75-100 years we have the means to provide viable forms of energy not associated with petroleum. Oil will be relevant for much longer than just a few decades.
What other ramifications are you speaking of? Environmental issues? What.....?
And you can save the comments about me being in oil and gas and only caring about making money, being biased, etc.. I provide a service to everyone who, day in and day out, enjoys the things that are made possible by oil and gas. I work my ass off everyday to do that. The money is great, but it is secondary to the drive I have to make things better for everyone. I'm sure the rapidly growing number of people that we deliver royalty and ROW checks to worth hundreds of thousands of dollars aren't complaining. Neither are the areas around the country that are booming and rapidly growing because of the positive affects we have on them.
If you don't think producing more crude for our own country is worth it......then you need to get a clue. It wouldn't be as big of an issue as it is if that was the case.
Threaded Mode