The U.S. Is Poised to Hit a New Oil Gusher

[one...two...tree 2,762]

God forbid we concentrate on renewable resources.

I am all for that. But it isn't gonna happen anytime soon. In the mean time this will help us keep the price of oil from going to $200/barrel. It will also help our security because we will not be as dependant on mid-east oil.

Why not? You give a perfectly good reason why we should.

The research is going on right now. New forms of energy are being explored. But none of them will make any difference any time soon. It takes time to develope and to make the infrastructure to deliver it. Bio fuels made from grain isn't the answer and that is the only one that is close to fruition.

Right. Gary, there are existing technologies and strategies that would greatly reduce our crude oil consumption, but Bush won't take any meaningful step to invest in such a strategy.

Bull sh!t. Name them.

LOL...well to name a few, raising fuel efficiency standards to the levels, solar, wind, geothermal, nuclear (although I'm not in favor of it).

[GaryC 7]

Yeah right, blame Bush for everything. Typical and expected reaction.

Whose energy policy are we under, Bill Clinton's? Give credit where credit is due. If your buddy in the WH says he wants us to reduce our consumption then I'm going to hold him to his words....or are you saying that you only hold Democrats to theirs?

Name something that Bush could do. You can't. It's congress that does that. All Bush could do is sign or veto bills given him.

God forbid we concentrate on renewable resources.

I am all for that. But it isn't gonna happen anytime soon. In the mean time this will help us keep the price of oil from going to $200/barrel. It will also help our security because we will not be as dependant on mid-east oil.

Why not? You give a perfectly good reason why we should.

The research is going on right now. New forms of energy are being explored. But none of them will make any difference any time soon. It takes time to develope and to make the infrastructure to deliver it. Bio fuels made from grain isn't the answer and that is the only one that is close to fruition.

Right. Gary, there are existing technologies and strategies that would greatly reduce our crude oil consumption, but Bush won't take any meaningful step to invest in such a strategy.

Bull sh!t. Name them.

LOL...well to name a few, raising fuel efficiency standards to the levels, solar, wind, geothermal, nuclear (although I'm not in favor of it).

Bush can't do any of that. No president can. Only your dems in congress can do that. You want to give him that power?

[Don_Joy's Prince 0]

All of these alternate energy sources all have their own drawbacks.

One being there is no physical way of producing enough of them to replace oil. It is not possible.

[one...two...tree 2,762]

Yeah right, blame Bush for everything. Typical and expected reaction.

Whose energy policy are we under, Bill Clinton's? Give credit where credit is due. If your buddy in the WH says he wants us to reduce our consumption then I'm going to hold him to his words....or are you saying that you only hold Democrats to theirs?

Name something that Bush could do. You can't. It's congress that does that. All Bush could do is sign or veto bills given him.

God forbid we concentrate on renewable resources.

I am all for that. But it isn't gonna happen anytime soon. In the mean time this will help us keep the price of oil from going to $200/barrel. It will also help our security because we will not be as dependant on mid-east oil.

Why not? You give a perfectly good reason why we should.

The research is going on right now. New forms of energy are being explored. But none of them will make any difference any time soon. It takes time to develope and to make the infrastructure to deliver it. Bio fuels made from grain isn't the answer and that is the only one that is close to fruition.

Right. Gary, there are existing technologies and strategies that would greatly reduce our crude oil consumption, but Bush won't take any meaningful step to invest in such a strategy.

Bull sh!t. Name them.

LOL...well to name a few, raising fuel efficiency standards to the levels, solar, wind, geothermal, nuclear (although I'm not in favor of it).

Bush can't do any of that. No president can. Only your dems in congress can do that. You want to give him that power?

You're right and like a bratty little child he threatens to veto any bill that would take away the tax breaks he's given to the oil companies.

House Votes to End Big Oil's Tax Breaks

Despite Veto Threat, Bill to Boost Renewable Energy Is Sent to Senate

The House of Representatives brushed aside threats of a White House veto yesterday and voted 236 to 182 in favor of an $18 billion tax package that would rescind a tax break for the five biggest oil companies and use the revenue to boost incentives for wind and solar energy and energy efficiency.

The measure now heads to the Senate, where Democrats face a challenge in getting enough support to bring the bill to a vote. This is the fourth time in the past year that Democrats have tried to get the package adopted.

The Bush administration, Republican lawmakers and big oil companies condemned the bill, which they said would raise fuel prices for consumers, discourage oil and gas exploration in the United States and unfairly discriminate against a single industry while other manufacturers continue to enjoy tax breaks.

But hours after crude oil hit a new high of $102 a barrel on the New York Mercantile Exchange, most lawmakers said they saw no reason why the oil industry couldn't pay an additional $1.8 billion a year in taxes over the next 10 years.

"We don't think it's asking too much to ask them to assist in a partnership to help find out whether there's a better way to meet our energy needs," said Charles B. Rangel (D-N.Y.), chairman of the House Ways and Means Committee. He called the money raised from the oil giants "grains of sand on the beach."

Supporters of the measure noted that rescinded tax breaks would amount to less than 2 percent of the profits of the five biggest oil companies. Even if the companies were to pass along that entire cost to gasoline consumers, it would amount to about a penny a gallon.

http://www.washingtonpost.com/wp-dyn/conte...8022800131.html

[Don_Joy's Prince 0]

The only one that does seem plausible is the nuclear and hydrogen route.

I mean what is the earth going to look like with it being one big solar panel. I mean come on talk about ugly and plants convert the sun's energy more efficiently then any solar panel could ever do. Or maybe wind mills chopping up all the birds, just great!

[one...two...tree 2,762]

All of these alternate energy sources all have their own drawbacks.

One being there is no physical way of producing enough of them to replace oil. It is not possible.

If you're looking for a magic bullet, then yes. We can, however, drastically....drastically reduce our consumption. Conservation would be a great place to start...unfortunately Bush vetoes just about any bill that has to do with reducing our dependency.

[Cassie 8]

All of these alternate energy sources all have their own drawbacks.

One being there is no physical way of producing enough of them to replace oil. It is not possible.

I'm not saying we need to completely replace oil, but we can look to find ways to reduce our overall consumption and perceived need for it.

You can't tell me that it takes time to figure this out -- Extreme Home Makeover recently showed that with adding solar panels and a small wind turbine (or some combination like that) to ONE house, they created enough extra energy to power the grid for their whole dang neighborhood. By reducing the amount of non-renewable resources used in generating electricity / home heating (oil being one of them), we'd reduce the amount we need overall. It isn't that hard.

[GaryC 7]

You're right and like a bratty little child he threatens to veto any bill that would take away the tax breaks he's given to the oil companies.

House Votes to End Big Oil's Tax Breaks

Despite Veto Threat, Bill to Boost Renewable Energy Is Sent to Senate

The House of Representatives brushed aside threats of a White House veto yesterday and voted 236 to 182 in favor of an $18 billion tax package that would rescind a tax break for the five biggest oil companies and use the revenue to boost incentives for wind and solar energy and energy efficiency.

The measure now heads to the Senate, where Democrats face a challenge in getting enough support to bring the bill to a vote. This is the fourth time in the past year that Democrats have tried to get the package adopted.

The Bush administration, Republican lawmakers and big oil companies condemned the bill, which they said would raise fuel prices for consumers, discourage oil and gas exploration in the United States and unfairly discriminate against a single industry while other manufacturers continue to enjoy tax breaks.

But hours after crude oil hit a new high of $102 a barrel on the New York Mercantile Exchange, most lawmakers said they saw no reason why the oil industry couldn't pay an additional $1.8 billion a year in taxes over the next 10 years.

"We don't think it's asking too much to ask them to assist in a partnership to help find out whether there's a better way to meet our energy needs," said Charles B. Rangel (D-N.Y.), chairman of the House Ways and Means Committee. He called the money raised from the oil giants "grains of sand on the beach."

Supporters of the measure noted that rescinded tax breaks would amount to less than 2 percent of the profits of the five biggest oil companies. Even if the companies were to pass along that entire cost to gasoline consumers, it would amount to about a penny a gallon.

http://www.washingtonpost.com/wp-dyn/conte...8022800131.html

And how does taking tax breaks away from oil companies create new energy sources? It doesn't. Stay focused here Steven. Oh wait, sorry. You are focused on bashing Bush.

[one...two...tree 2,762]

The only one that does seem plausible is the nuclear and hydrogen route.

I mean what is the earth going to look like with it being one big solar panel. I mean come on talk about ugly and plants convert the sun's energy more efficiently then any solar panel could ever do. Or maybe wind mills chopping up all the birds, just great!

Think smaller. People have already successfully converted homes to solar energy. The technology is there...and all that is needed is a boost from the government in terms of investment and tax incentives, and the industry will follow.

[Cassie 8]

The only one that does seem plausible is the nuclear and hydrogen route.

I mean what is the earth going to look like with it being one big solar panel. I mean come on talk about ugly and plants convert the sun's energy more efficiently then any solar panel could ever do. Or maybe wind mills chopping up all the birds, just great!

Oh yeah, oil spills are just nature's fingerpaint sessions

Do you understand how ridiculous you sound?

[GaryC 7]

All of these alternate energy sources all have their own drawbacks.

One being there is no physical way of producing enough of them to replace oil. It is not possible.

If you're looking for a magic bullet, then yes. We can, however, drastically....drastically reduce our consumption. Conservation would be a great place to start...unfortunately Bush vetoes just about any bill that has to do with reducing our dependency.

You still haven't named something that Bush can do to help the situation. I haven't seen him veto anything that has something to do with alternative energy.

[one...two...tree 2,762]

And how does taking tax breaks away from oil companies create new energy sources? It doesn't. Stay focused here Steven. Oh wait, sorry. You are focused on bashing Bush.

It's like any industry that needs the support of government in terms of incentives, tax breaks, investment, infrastructure. You think the oil companies don't rely on the government? Of course they have and continue to.

[Don_Joy's Prince 0]

Ok so people are already complaining about gas prices and you want them to end subsidies that will increase the price even more? How about reducing the taxes on the gas.

Now thats a fair trade you eliminate the gas taxes and we eliminate the subsidies. Fair? Zero sum game!

[one...two...tree 2,762]

All of these alternate energy sources all have their own drawbacks.

One being there is no physical way of producing enough of them to replace oil. It is not possible.

If you're looking for a magic bullet, then yes. We can, however, drastically....drastically reduce our consumption. Conservation would be a great place to start...unfortunately Bush vetoes just about any bill that has to do with reducing our dependency.

You still haven't named something that Bush can do to help the situation. I haven't seen him veto anything that has something to do with alternative energy.

He can stop being a shill to the oil companies and sign into law whatever energy bills get passed...that'd be a start.

[GaryC 7]

And how does taking tax breaks away from oil companies create new energy sources? It doesn't. Stay focused here Steven. Oh wait, sorry. You are focused on bashing Bush.

It's like any industry that needs the support of government in terms of incentives, tax breaks, investment, infrastructure. You think the oil companies don't rely on the government? Of course they have and continue to.

Ok Steven, try and understand. Things like taxes and tax breaks come from congress. The president either signs or vetos those bills. Can you point to anything the dems in congress has given to Bush to sign that he vetoed? Or are you only interested in Bush bashing? If so this conversation is over.

All of these alternate energy sources all have their own drawbacks.

One being there is no physical way of producing enough of them to replace oil. It is not possible.

If you're looking for a magic bullet, then yes. We can, however, drastically....drastically reduce our consumption. Conservation would be a great place to start...unfortunately Bush vetoes just about any bill that has to do with reducing our dependency.

You still haven't named something that Bush can do to help the situation. I haven't seen him veto anything that has something to do with alternative energy.

He can stop being a shill to the oil companies and sign into law whatever energy bills get passed...that'd be a start.

What has he vetoed??????? Name it!