OBAMA SAYS "DRILLING ISNT THE ANSWER"....

[essence]

This one is interesting:

http://www.thecuttingedgenews.com/in...ageid=pagename=

The summary?

Oil prices are set by global markets.

US has 2% (yes two percent) of the world's proven oil reserves.

What the US needs is a continual flow of the best engineers to maximise recovery by new technology. Safely.

[gnadfly]

Originally Posted by JD Barleycorn

You do know that Obama is NOT a petrochemical engineer and has no idea about much of anything.

Obama is a self-style "Constitutional Lawyer" who has Americans killed without due process.

[gnadfly]

Originally Posted by essence

Yes, I work in the oil business, it is hugely complex, I work in the upstream side, exploration and production, and everybody is dedicated to maximising production safely. The technology is awesome, and the people more so.

I work in the oil business on the IT side and you are correct, especially the "safely" part. At least in the States, safety is the number one priority and its not lip service.

Originally Posted by essence

So when newt or anybody reduces it to 'drill, baby, drill', they are simply showing their ignorance.

No. Here in America we love slogans. "Increase capacity, baby, increase capacity" isn't catchy.

Originally Posted by essence

Also, walk into any oil company office, and you will see all kinds of notices and posters about alternative energy, environmental issues, maximising recovery, and safety.

We've spent literally TENS of BILLIONS of dollars in alternative energy schemes. We've sold TENS of MILLIONS of dollars in alternative energy schemes. We've also had many of our top engineers working on these projects. Even the marketing people can't talk up the bennies of these alternative sources. Talk specifics with them and they begin to stutter.

Originally Posted by essence

The oil industry takes these things seriously, so it is kind of funny when ignorant people outside of the oil industry reduce it to 'drill baby drill'.

Those people aren't ignorant. You just don't like them. Go talk to people in the E&P divisions about DBD and their eyes will light up.

Originally Posted by essence

The team I am working with will, in their current project, will increase production by careful reservoir and drilling management many times over what 100's of the wells newt was standing behind will ever produce.

Horizontal drilling, CO2 injection, ...all different types of technologies will increase oil production but at some point you can't get blood out of a turnip. Also many wells are capped until they become economically viable to re-open.

Originally Posted by essence

One of the big issues the oil and gas industry faces is how to attract the best of young engineers. The average age of petroleum engineers goes up by a year each year.

True...but the key phrase is "QUALIFIED" engineers. I also work with the HR dept too. We don't hire anyone who doesn't come from a top 10 engineering university (Lehigh, MIT, etc) without a 3.8 GPA. Most of them have higher than a 3.9 unless they are a woman then its 3.5. Almost every PE degree is AT LEAST a 5 year degree. God help you if you graduate during a oil price cycle downturn. If you have that kind of IQ and are going to spend that time/money in school, go to med school.

[nevergaveitathought]

the thing that gets me is for about the last 25 years or so, every time drilling somewhere is brought up, democrats say, well that wont help, it wont come on line for 5 years or more. I've lost count how many times that galling idiocy has been put out there for their news media to repeat.

lets see, the nascent "green" energy long-term "investment" waste is ok. we pay for that twice, 1. in its funding and associated waste and 2. in the higher energy prices obama is foisting on us so green energy has a chance to be viable

obama musing as he lays in bed at night (somewhat like the wacky statements liberals make in here):

"let's see, we need to redistribute wealth in this country, and im well on the way to doing that, and so why not in the world?" yes i could be forever lauded, i could go down as the first leader of the world. america needs to be brought down, so others, the indigent, the lesser, the put upon, the abused, the ones america has stolen from for centuries, yes a system to redistribute wealth world wide, i'll get chu on that in the morning"

[I B Hankering]

Originally Posted by essence

Oil prices are set by global markets.

Oil prices are dictated by a cartel.

[Little Stevie]

Originally Posted by nevergaveitathought

the thing that gets me is for about the last 25 years or so, every time drilling somewhere is brought up, democrats say, well that wont help, it wont come on line for 5 years or more. I've lost count how many times that galling idiocy has been put out there for their news media to repeat.

lets see, the nascent "green" energy long-term "investment" waste is ok. we pay for that twice, 1. in its funding and associated waste and 2. in the higher energy prices obama is foisting on us so green energy has a chance to be viable

obama musing as he lays in bed at night (somewhat like the wacky statements liberals make in here):

"let's see, we need to redistribute wealth in this country, and im well on the way to doing that, and so why not in the world?" yes i could be forever lauded, i could go down as the first leader of the world. america needs to be brought down, so others, the indigent, the lesser, the put upon, the abused, the ones america has stolen from for centuries, yes a system to redistribute wealth world wide, i'll get chu on that in the morning"

What partisan crap! Get rid of the oil subsidies. Enforce clean air restrictions. Forbid corporate spending to lobby against clean air and bad science on deep water drilling. Then, after you've done that, tell me why U.S. oil demand is now lower even though prices at the well head were 30% higher during the the end of the Bush years.

[essence]

@gnadfly, yes I too am sceptical about many of the alternative energy concepts, oil companies push them to counteract the 'bad oil' press amongst the ignorant.

But I still can't see how my great grandchildren won't have a serious problem.

Emigrate to Norway? No thanks.

[Don't Be Daft!]

I'm not going to get involved in the political banter surrounding this issue but environmentally it is just a wee bit daft to be for such things. In the UK we are big proponents of off shore drilling. BP does loads of it off the Scottish shoreline north of Aberdeen.

[CJ7]

anyone who says drilling isnt the answer is correct

[nevergaveitathought]

Originally Posted by Little Stevie

What partisan crap! Get rid of the oil subsidies.

please name an oil subsidy

[Little Stevie]

Here! Use the multiple choice method and pick as many as you want, deflector man.

Since you asked ME to name one, I'll go with the domestic production tax break and add the alternative energy research funding that oil companies receive but actually have a VESTED interest in sabotaging.

http://www.wfpl.org/2011/05/05/yarmu...oil-subsidies/

[Little Stevie]

Willing to expand your thinking to those "subsidies" that protect oil companies and their ability to do business in the Middle East?

http://www.treehugger.com/natural-sc...-end-them.html

When you're finished with that, we can go into those things that are harder to separate and look at according to their own pluses and minuses.

[nevergaveitathought]

Originally Posted by Little Stevie

Here! Use the multiple choice method and pick as many as you want, deflector man.

Since you asked ME to name one, I'll go with the domestic production tax break and add the alternative energy research funding that oil companies receive but actually have a VESTED interest in sabotaging.

http://www.wfpl.org/2011/05/05/yarmu...oil-subsidies/

every company that produces something domestically...read domestically, and pays payroll, has wages, gets the domestic production deduction. oil is no different, but they dont get it for producing overseas. Big Hollywood gets that for movies. construction companies get it, manufacturing, you name it, get that. they also get the research credit, those are not subsidies specific to oil companies. what a farcial fraud to call those things oil subsidies.

if congress wishes to remove them thats fine with me but they arent oil company subsidies, they are deductions and credits all companies can get should they qualify as producing something or engaging in research.

what is an oil industry specific subsidy?

[Little Stevie]

More deflection. Now you're saying offshore wages on oil production are taxed while domestic wages are not?

Stop digging when the hole is getting deeper.

"Competing in a global economy" is simply corporate speak for telling Americans they need to work for third world wages or watch their jobs go overseas.

LMAO!

[Grifter]

Someone please explain to me, since I plainly dont understand, how more domestic oil production would not reduce the price of petrol here in the United States.