Recent Comments:
Richard Viguerie: Blame a liberal for high energy prices {Autoblog Green}
Jul 10th 2008 7:24AM Serge,
Here is what you said: "Increasing domestic oil production by drilling is completely up to oil companies..." That's where I got "it's all within the oil companies' control."
As for your request to Wise Golden for supporting info, can we agree that we don't have enough facts at present to blame oil companies for not drilling the leases that they hold but aren't using?
Richard Viguerie: Blame a liberal for high energy prices {Autoblog Green}
Jul 9th 2008 4:34PM Serge,
How do you know Wise Golden isn't right and that these leases just didn't pan out? I just don't see any reason for oil companies to sit on perfectly good oil. As for low percentage of leases vs those offered, maybe not all the land offered even LOOKS like it could have oil. Lastly, are you scoffing at 21% of all recoverable oil? Plus even if the percentage were lower, the existence of the ban still refutes your argument that it's all within the oil companies' control.
Wise Golden,
First off, I'm a big fan of your posts here. I must however, take exception to your contention that "this speculation is largely occurring outside of the United States and will not be under the control of the US." I think you're referring to ICE, which had escaped CFTC oversight by exploiting a loophole and clearing their oil contracts outside of the US (even though the exchange itself is based in Atlanta). Still people in the US trade these "European" ICE Futures. I would not be surprised at all to see this loophole closed.
Richard Viguerie: Blame a liberal for high energy prices {Autoblog Green}
Jul 9th 2008 1:20PM Turbofrog,
I don't know that it's the case here, but the government doesn't always use the money for its intended purpose.....take social "security" for instance.
Richard Viguerie: Blame a liberal for high energy prices {Autoblog Green}
Jul 9th 2008 12:59PM Serge,
I'm not sure how you can say that it's completely up to the oil companies. If that was the case, why is ANWR being debated? Shouldn't we just rage at the oil companies for not drilling it? What about the offshore drilling ban? Is that a self-imposed ban by the oil companies? Again to hopefully head off any vitriolic responses, I'd like to say that I'm not arguing that we should drill whenever and however we like. I'm just arguing the contention that nothing is preventing drilling except the oil companies themselves.
Just out of curiosity, where can I find info about this "significant portion of areas" to which oil companies have leases and are not utilizing?
Richard Viguerie: Blame a liberal for high energy prices {Autoblog Green}
Jul 9th 2008 10:50AM Mike!!ekiM,
Not all oil is equal. Middle Eastern oil is sour crude, which is high in sulfur content. It is therefore less desirable to use than light, sweet crude for refining into products such as gasoline and now probably diesel given the newish ULSD standards.
The oil prices splashed all over the media nowadays are for light, sweet crude futures. Middle East Sour has its own future, which trades at a significant discount.
Richard Viguerie: Blame a liberal for high energy prices {Autoblog Green}
Jul 9th 2008 10:34AM Increased drilling projects will have an immediate psychological impact on prices.
2007 Holiday Sweepstakes Day 4: Set of Kumho ECSTA DX Aroma tires {Autoblog}
Dec 13th 2007 1:25PM I'm already running Kumho tires, albeit not the ECSTA much less the aromatic ones. Do I get some kind of brand loyalty advantage in this drawing? 8^D
VIDEO: Acura NSX gets whacked with a shovel {Autoblog}
Dec 3rd 2007 12:45PM I agree with strongbadinator. Try hitting with the shovel blade's edge. Also try installing the doorpal on the door rather than let it swing freely.
Michelin seeks to double tire life, increase performance {Autoblog}
Nov 8th 2007 1:40PM I don't know, but it would make sense. The greater the deformation, the greater the contact patch. The story says that these improvements are not at the cost of performance, so perhaps they found other ways to make up for the lost contact area? Or perhaps the claims of no performance lost are based on overall performance (whatever that means) rather than one specific performance characteristic.
Michelin seeks to double tire life, increase performance {Autoblog}
Nov 8th 2007 11:25AM Increasing tread wear could be achieved through improved materials that do not wear away as quickly, not necessarily by increasing the height of the treads.
