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Topic: Bush to lift executive ban on offshore drilling...story from a week ago...did it (Read 2012 times)
tdawnaz
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Bush to lift executive ban on offshore drilling...story from a week ago...did it
«
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July 20, 2008, 11:37:47 PM »
story from a week ago...did it happen??
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Bush to lift executive ban on offshore drilling
WASHINGTON - In another push to deal with soaring gas prices, President Bush on Monday will lift an executive ban on offshore drilling that his stood since his father was president. But the move, by itself, will do nothing unless Congress acts as well.
The president plans to officially lift the ban and then explain his actions in a Rose Garden statement, White House press secretary Dana Perino said.
There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by former President Bush in 1990. The current president, trying to ease market tensions and boost supply, called last month for Congress to lift its prohibition before he did so himself.
But Perino said Bush no longer wants to wait. She pinned blame on the leaders of the Democratic Congress, noting that no action has been taken on this issue.
"They haven't even held a single hearing," Perino said. "So we are going to move forward, and hopefully that will spur action by the Congress."
Asked if Bush's action alone will lead to more oil drilling, Perino said, "In terms of allowing more exploration to go forward? No, it does not."
The president, in his final months of office, has responded to record gas-prices with a series of proposals, including more oil exploration. None would have immediate impact on prices at the pump, according to White House officials, who say there is no quick fix. But starting action now would help, they say.
Bush's proposal echoes a call by Republican presidential candidate, Sen. John McCain, to open the Continental Shelf for exploration.
Congressional Democrats have rejected the push to lift the drilling moratorium, accusing the president of hoping the U.S. can drill its way out a problem.
Bush says offshore drilling could yield up to 18 billion barrels of oil over time, although it would take years for production to start. Bush also says offshore drilling would take pressure off prices over time. In addition, the president has proposed opening the Arctic National Wildlife Refuge for drilling, lifting restrictions on oil shale leasing in the Green River Basin of Colorado, Utah and Wyoming and easing the regulatory process to expand oil refining capacity.
Congressional Democrats, joined by some GOP lawmakers from coastal states, have opposed lifting the prohibition that has barred energy companies from waters along both the East and West coasts and in the eastern Gulf of Mexico. A succession of presidents, from Bush's father — George H.W. Bush — to Bill Clinton, have sided against drilling in these waters, as has Congress each year for 27 years. Their goal has to been to protect beaches and coastal states' tourism economies.
source...yahoo news
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #1 on:
July 20, 2008, 11:43:02 PM »
yeah it happened already, he lifted the executive ban, but there is still a congressional ban on it so the move was really symbolic. I don't think oil companies should waste time building new offshore oil platforms when as soon as obama gets into office there is gonna be more focus on alternative energy. Even bush said in his speech on the issue that one day cars wont run on gas. bush does get credit for tryin to do something at least.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...di
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Reply #2 on:
July 21, 2008, 06:31:27 AM »
Quote from: MttFrog13 on July 20, 2008, 11:43:02 PM
yeah it happened already, he lifted the executive ban, but there is still a congressional ban on it so the move was really symbolic. I don't think oil companies should waste time building new offshore oil platforms when as soon as obama gets into office there is gonna be more focus on alternative energy. Even bush said in his speech on the issue that one day cars wont run on gas. bush does get credit for tryin to do something at least.
Yea that is great, you do that and you can have $8 a gallon gas.
Lifting his part was good. But it doesn't get anyone drilling with out congress lifting theirs. And Nancy the witch from hell pelosi already said that she is not going to have congress lift there bad on it. Which is beyond stupid, and is not listening too the american people. Dems. and the entire left keep saying that drilling off shore will not make a difference, but when bush lifted the presidential ban on it, oil dropped, it went from around $144 a barrel to $129 a barrel. So they were proved wrong. If congress would get off there ass and do something good for once we could have $60 a barrel oil. But democrats don't want to piss off the environmentalists because they will then loose in november. Its all not right, they need to stop the crap they are pulling and start listening too the american people, and people want you to drill, everywhere.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #3 on:
July 21, 2008, 07:45:21 AM »
The funny thing about that is the fact that Bush lifting the ban didn't change the amount of oil we have one bit, so in my eyes this just proves they're gauging us for every penny we have, knowing their days are numbered....
The amount of time it would take to find oil offshore, and then build the infrastructure to get it, would not help us any time soon, and the fact is, we really should be pumping more money into alternative fuels. It doesn't matter whether you believe in global warming, or oil shortages, or whatever. We are still going to fit the bill for future energy sources, not the energy companies, who I might add, are still making huge profits despite the "shortage".
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #4 on:
July 21, 2008, 08:01:23 AM »
Quote from: ghostmaster on July 21, 2008, 07:45:21 AM
The amount of time it would take to find oil offshore, and then build the infrastructure to get it, would not help us any time soon,
Thats not true. If they started tomorrow, off the coast of florida we could have oil from it in less then 2 years. Anyone that says 7 years to get the first drop of oil is a liar. Right now it takes longer for application process to be able drill then it does to setup the rig and start drilling.
Right now we have nothing to replace oil with, we have more oil in this country then anyone else. we need to go get it. We don't need more oil, we use the same amount now in a day as we used in the 70's, we just need to get our own. We also need to stop using food for fuel to, that is the dumbest idea ever, it costs $1.25 to make a $1.00 worth of energy with food, that doesn't add up.
China is going to pass us in oil usage, and then we are really screwed if we are not using our own oil. We need to drill everywhere we can.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #5 on:
July 21, 2008, 08:56:08 AM »
I highly doubt it would only take 2 years to get oil from the Florida coast, not to mention the fact that all it would take is one hurricane to wipe it out.
http://upload.wikimedia.org/wikipedia/en/9/9f/EIA_petroleum_consumption_of_selected_nations_1960-2005.png
Considering the fact that petroleum is used in much more than just fuel, you are dead wrong about our oil consumption since the 70s. The clothes you have on right now have petrolum in them. Plastics are made from petroleum. Almost everything we use has petroleum in it. It isn't just fuel. That what people don't freakin understand!
Food fuel is dumb, and it sure as hell isn't clean. Hydrogen is the way to go in cars, and solar, wind, hydro, and nuclear are the way to go everywhere else.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...di
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Reply #6 on:
July 21, 2008, 09:21:20 AM »
If you put a line on that graph with the 2 biggest spikes in the 70's on there, its only off by about 2 million barrels a day for today usage from the 70's. No one can seem to come up with an accurate number of how much is used per day anyway, ive seen people say 15 million barrels a day, 30 million barrels a day, and everything in between. And we make a lot more products today out of petroleum then we did in the 70's, almost anything you touch has oil in it somewhere. So the usage for gasoline is about the same.
What we really know is that US oil usage had just dipped to almost null.
And it would take only 2 years to get oil off the coats of florida, It would have only taken 2 years 10 years ago. They started saying this 7 year crap because they don't want it. It could even take less time if they really wanted to. Oil rigs are totally pre-fab you just gotta find the place to put it.
I'm all for hydrogen, but it doesn't produce the power for it right now. they need to figure out how to get more power out of it, in a every day car.
EIA_petroleum_consumption_of_selected_nations_1960-2005-2.png
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #7 on:
July 21, 2008, 09:46:47 AM »
How has US oil usage dipped to almost null? If that was the case, then demand would be lower, and our price would be lower. Show me a link about how long it would take to build the oil platform for drilling, and then refining said oil. It will be more than 2 years.
http://www.businessweek.com/bwdaily/dnflash/content/jul2008/db20080718_965702.htm?campaign_id=rss_daily
The "fact" is, nobody knows how much oil we actually have offshore. It could be enough to make us energy independant, or it could be just enough to make our prices go up from all the infrastructure they wasted money on.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #8 on:
July 21, 2008, 09:47:50 AM »
hydrogen is a gimmic, they can't possibly produce it synthetically for all the cars in the world. It is already something like 8x the price of gas. Hydrogen is just an escape plan for oil companies. think about it, if we switch to electriciy, the gas companies will go out of business will lose most of their business and all their money, if we switch to hydrogen, at least the oil companies can switch to that and charge us for that. I'm all for plug in hybrids and electric cars. They are already here, the technology doesn't even need changing except for the cars to be a little cheaper. If we switch to electric cars and solar power plants, cars will be 100% clean.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #9 on:
July 21, 2008, 10:01:05 AM »
We don't have the battery technology to create and affordable electric car. Nor do we have the electrical capacity for plug-in cars. And the transtion straight to solar power wouldn't work, because we don't have the battery power to store it. One way or another, we will need a transitional fuel.
Hydrogen is not a gimmic, and you don't synthesize it. They can pull it right out of the ocean water. There are 3 main concerns with hydrogen.
1. It produces a lot more power than gasoline, but it is consumed a lot faster than gasoline. So we need to work on fuel efficiency.
2. Storage: Hydrogen is NOT highly flammable like gasoline, but it IS highly explosive. So safety is the issue there.
3. Infrastructure: Hydrogen needs to be stored cold. We would need to build fueling infrastructure at the same time we transitioned. It would cost a lot of money, and take a long time. The same can be said of any new fuel though.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #10 on:
July 21, 2008, 10:21:55 AM »
i don't think hydrogen is literally a gimmick, but i don't think it will ever become a standard in cars of even have a substantial part of the car market. The hydrogen concept cars cost in the millions, electric cars. Check the link below. The Telsa Roadster is in production and is $100k. Or hell, a toyota prius starts at $21 although it sells on car lots for about $30k because of the demand for them. I don't see why we should go through the trouble of refining the hydrogen car when electric car is such a good choice. The only people i see the hydrogen car helping is the oil companies.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #11 on:
July 21, 2008, 10:32:55 AM »
Quote from: ghostmaster on July 21, 2008, 09:46:47 AM
How has US oil usage dipped to almost null?
Not usage, the oil we import. In I think 1990 we imported only about 45% of oil we now import over 70% of oil. That is just wrong. We have it here, there is more oil in in shale in colorado/utah then there is regular oil in all of saudi arabia.
Most of our oil comes from canada, but if you go down the list there are some not so great countries that are really high up on that list
http://physics.ius.edu/~kyle/P310/crudebycountry.htm
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #12 on:
July 21, 2008, 11:47:13 AM »
Recent estimates:
Oil production: 8.322 million bbl/day
Oil consumption: 20.8 million bbl/day
Oil exports: 1.048 million bbl/day
Oil imports: 13.15 million bbl/day
Oil proved reserves: 21.76 billion bbl
This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
Proved reserves of oil:
1 World 1,331,000,000,000 1 January 2006 est.
2 Saudi Arabia 264,300,000,000 2007 est.
3 Canada 178,800,000,000 1 January 2006 est.
4 Iran 138,400,000,000 2007 est.
5 Iraq 115,000,000,000 1 January 2007 est.
6 Kuwait 101,500,000,000 2007 est.
7 United Arab Emirates 97,800,000,000 2007 est.
8 Venezuela 79,140,000,000 2007 est.
9 Russia 60,000,000,000 1 January 2006 est.
10 Libya 45,000,000,000 2007 est.
11 Nigeria 37,250,000,000 2007 est.
12 Angola 25,000,000,000 2007 est.
13 United States 21,760,000,000 1 January 2006 est.
Oil consumption (bbl/day)
1 World 80,290,000 2005 est.
2 United States 20,800,000 2005 est.
3 European Union 14,550,000 2004
4 China 6,930,000 2007 est.
5 Japan 5,353,000 2005
6 Russia 2,916,000 2006
7 Germany 2,618,000 2005 est.
8 India 2,438,000 2005 est.
9 Canada 2,290,000 2005
10 Korea, South 2,130,000 2006
11 Brazil 2,100,000 2006 est.
12 Mexico 2,078,000 2005 est.
13 Saudi Arabia 2,000,000 2005
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...di
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Reply #13 on:
July 21, 2008, 12:02:59 PM »
That is just estimated crude oil. And does not include all of the oil shale, or coal to oil.
http://www.dailyreckoning.com/rpt/OilShale.html
Quote
America's oil shale reserves are enormous, totaling at least 1.5 trillion barrels of oil. That's five times the reserves of Saudi Arabia!
Factor in coal to oil, since we have more coal then well anyone and you have a supply of energy that will last a very long time, sertantly long enough at a cheap price to get a renewable source.
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Re: Bush to lift executive ban on offshore drilling...story from a week ago...did it
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Reply #14 on:
July 21, 2008, 01:00:01 PM »
where's that video of that fella talking about why we won't see the prices that we want to see and why we can't drill our own...it all boiled down to the oil embaro of the 70's and henry kissinger and the deal he made with the opec nations...
can anyone find that it's in here some where
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