to foregn governments so they can make TRILLIONS more without regulation? or?Is the Presidents lifting of the off shore drilling ban in response to Americas selling of oil contracts?
President doesn't have the power to award any contracts and you know that. He would like to see the drilling ban lifted so that we can rely on our own production instead of OPEC. The bottom line is we need to cut consumption and then the price will drop.
Monday, August 23, 2010
Why does the Whitehouse subsidize Brazil's oil drilling and ban our own?
http://www.onenewsnow.com/Politics/Defau鈥?/a>Why does the Whitehouse subsidize Brazil's oil drilling and ban our own?
As far as subsidizing Brazil's oil drilling, this was a loan guarantee made by the US Import Export Bank
-The Import/Export Bank is a self-sustaining bank. NO taxpayer money is used in any of it's loans. It is self-sustaining because of the fees it collects. It receives no Congress appropriated funds.
-The Import/Export Bank ONLY makes loans and loan guarantees that finance the PURCHASE of American Goods. The money can ONLY be used by Petrobas for the purchase of American goods and services. The money is always paid back as it is a loan: they do not provide any grants.
-Ex-Im Bank does not make U.S. policy. Their charter prohibits them from turning down financing for either nonfinancial or noncommercial reasons, except in rare circumstances including failure to meet environmental standards.
-Since 1993 the Import/Export Bank has netted the US taxpayers $4.9 Billion in fees without costing the taxpayers a penny. This is in addition to all the jobs created.
-The Bank鈥檚 bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, the Bank鈥檚 Board consisted of three Republicans and two Democrats - all of whom were appointed by....
George W. Bush.
Interestingly enough, the idea that the Whitehouse is subsidizing Brazilian drilling started once again with....Ms. Sarah Palin! It is interesting to note that the National Review posted an article online completely debunking that the US is sending money overseas and exporting jobs. The National Review is a NOTED CONSERVATIVE publication.Why does the Whitehouse subsidize Brazil's oil drilling and ban our own?
The import/export bank is private.
Private investors can extend loans to foreign firms through the bank.
The white house, congress, and our tax dollars have nothing to do with it.
We have free trade with many countries so you can I can invest in this way.
Republicans and special interest have spread a lot of false information and smear stories regarding this to demonize democrats and anyone that fights for our environment.
The White House didn't give them anything, and it didn't come from taxpayer money.
It's not a ';subsidy.'; The LOAN is coming from the US Import Bank, which is not funded by taxpayer money.
The U.S. Export Import Bank's sole purpose is to lend money to foreign companies for the purchase of American goods and services.
Loan. With interest. We come out on top.
Fun fact: Brazil sends us 188,000 barrels of oil PER DAY.
First the Import Export Bank is funded 100% by the US taxpayer. It is part of our government. Why do we do it? Because te white house is a hypocrite. Do as I say and not as I do. We worry about the enviorment, but not anywhere else but here. It is truly a risky venture to lend money to a country that has a volatile economy. Did we forget about 25 years ago they defaulted on billions of dollars in loans? No, but we never learn
excuse the spelling , but the reason is the man who put the president in his positionn ( george sorose) is behind it, he is as America hater as you can get!
There is no ';ban'; on drilling. Just a requirement that the Oil Industry drill for oil on the millions of acres of land leased to them which they have not yet begun to drill on.
The Drill Responsibly in Leased Lands (DRILL) Act
On July 17, 2008, the House voted on the Drill Responsibly in Leased Lands (DRILL) Act, H.R. 6515, a bill to promote the responsible domestic production of oil and natural gas, particularly in 20 million acres of the National Petroleum Reserve-Alaska. While 244 Members voted for the bill, it failed to get the two-thirds support necessary for passage.
';There are 68 million acres of federal land already leased by oil companies for energy production now but sitting idle. That鈥檚 75% of leased lands, sitting idle. Oil companies should drill what they have leased鈥攁nd lease lands already open for drilling first. But instead, President Bush and Congressional Republicans want to make this a fight about our beaches and our threatened wilderness areas, in an apparent attempt to help the oil companies lock up more public lands before he leaves office.';
Bush, Democrats bicker over soaring energy prices
By TERENCE HUNT, AP White House Correspondent
President Bush on Saturday tried to pin the blame on Congress for soaring energy prices and said lawmakers need to lift long-standing restrictions on drilling for oil in pristine lands and offshore tracts believed to hold huge reserves of fuel.
';It's time for members of Congress to address the pain that high gas prices are causing our citizens,'; the president said. ';Every extra dollar that American families spend because of high gas prices is one less dollar they can use to put food on the table or send a child to college. The American people deserve better.';
With gasoline prices above $4 a gallon, Bush and his Republican allies think Americans are less reluctant to allow drilling offshore and in an Alaska wildlife refuge that environmentalists have fought successfully for decades to protect. Nearly half the people surveyed by the Pew Research Center in late June said they now consider energy exploration and drilling more important than conservation, compared with a little over a third who felt that way only five months ago. The sharpest shift in attitude came among political liberals.
Democrats say they are for drilling, but argue that oil companies aren't going after the oil where they already have leases. So why open new, protected areas? they ask. Democrats say there are 68 million acres of federal land and waters where oil and gas companies hold leases, but aren't producing oil.
';Americans are fed up every time they go to fill up and they're right to demand action. But instead of a serious response, President Bush and his allies simply repeat the same old line more drilling,'; Rep. Chris Van Hollen, D-Md., said in the Democrats' radio address.
';Democrats support more drilling,'; he said. ';In fact, what the president hasn't told you is that the oil companies are already sitting on 68 million acres of federal lands with the potential to nearly double U.S. oil production. That is why in the coming days congressional Democrats will vote on 'Use It or Lose It' legislation requiring the big oil companies to develop these resources or lose their leases to someone else who will.';
';But we know that drilling by itself will not solve the problem of high gas prices,'; Van Hollen said. ';We cannot drill our way to energy independence.';
He cited Democrats' calls to tap the nation's Strategic Petroleum Reserve, because it is full and ';America's rainy day is now.'; And he said the country must focus on new energy policies that focus on alternatives to oil.
Bush said that Democrats are at fault and that ';Americans are increasingly frustrated with Congress' failure to take action.
';One of the factors driving up high gas prices is that many of our oil deposits here in the United States have been put off-limits for exploration and production. Past efforts to meet the demand for oil by expanding domestic resources have been repeatedly rejected by Democrats in Congress.';
Bush repeated his call for Congress to lift the restrictions, including a ban on offshore drilling. A succession of presidents from George H.W. Bush to Bill Clinton to the current president have sided against drilling in these waters as has Congress each year for 27 years, seeking to protect beaches and coastal states' tourism economies.
As far as subsidizing Brazil's oil drilling, this was a loan guarantee made by the US Import Export Bank
-The Import/Export Bank is a self-sustaining bank. NO taxpayer money is used in any of it's loans. It is self-sustaining because of the fees it collects. It receives no Congress appropriated funds.
-The Import/Export Bank ONLY makes loans and loan guarantees that finance the PURCHASE of American Goods. The money can ONLY be used by Petrobas for the purchase of American goods and services. The money is always paid back as it is a loan: they do not provide any grants.
-Ex-Im Bank does not make U.S. policy. Their charter prohibits them from turning down financing for either nonfinancial or noncommercial reasons, except in rare circumstances including failure to meet environmental standards.
-Since 1993 the Import/Export Bank has netted the US taxpayers $4.9 Billion in fees without costing the taxpayers a penny. This is in addition to all the jobs created.
-The Bank鈥檚 bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, the Bank鈥檚 Board consisted of three Republicans and two Democrats - all of whom were appointed by....
George W. Bush.
Interestingly enough, the idea that the Whitehouse is subsidizing Brazilian drilling started once again with....Ms. Sarah Palin! It is interesting to note that the National Review posted an article online completely debunking that the US is sending money overseas and exporting jobs. The National Review is a NOTED CONSERVATIVE publication.Why does the Whitehouse subsidize Brazil's oil drilling and ban our own?
The import/export bank is private.
Private investors can extend loans to foreign firms through the bank.
The white house, congress, and our tax dollars have nothing to do with it.
We have free trade with many countries so you can I can invest in this way.
Republicans and special interest have spread a lot of false information and smear stories regarding this to demonize democrats and anyone that fights for our environment.
The White House didn't give them anything, and it didn't come from taxpayer money.
It's not a ';subsidy.'; The LOAN is coming from the US Import Bank, which is not funded by taxpayer money.
The U.S. Export Import Bank's sole purpose is to lend money to foreign companies for the purchase of American goods and services.
Loan. With interest. We come out on top.
Fun fact: Brazil sends us 188,000 barrels of oil PER DAY.
First the Import Export Bank is funded 100% by the US taxpayer. It is part of our government. Why do we do it? Because te white house is a hypocrite. Do as I say and not as I do. We worry about the enviorment, but not anywhere else but here. It is truly a risky venture to lend money to a country that has a volatile economy. Did we forget about 25 years ago they defaulted on billions of dollars in loans? No, but we never learn
excuse the spelling , but the reason is the man who put the president in his positionn ( george sorose) is behind it, he is as America hater as you can get!
There is no ';ban'; on drilling. Just a requirement that the Oil Industry drill for oil on the millions of acres of land leased to them which they have not yet begun to drill on.
The Drill Responsibly in Leased Lands (DRILL) Act
On July 17, 2008, the House voted on the Drill Responsibly in Leased Lands (DRILL) Act, H.R. 6515, a bill to promote the responsible domestic production of oil and natural gas, particularly in 20 million acres of the National Petroleum Reserve-Alaska. While 244 Members voted for the bill, it failed to get the two-thirds support necessary for passage.
';There are 68 million acres of federal land already leased by oil companies for energy production now but sitting idle. That鈥檚 75% of leased lands, sitting idle. Oil companies should drill what they have leased鈥攁nd lease lands already open for drilling first. But instead, President Bush and Congressional Republicans want to make this a fight about our beaches and our threatened wilderness areas, in an apparent attempt to help the oil companies lock up more public lands before he leaves office.';
Bush, Democrats bicker over soaring energy prices
By TERENCE HUNT, AP White House Correspondent
President Bush on Saturday tried to pin the blame on Congress for soaring energy prices and said lawmakers need to lift long-standing restrictions on drilling for oil in pristine lands and offshore tracts believed to hold huge reserves of fuel.
';It's time for members of Congress to address the pain that high gas prices are causing our citizens,'; the president said. ';Every extra dollar that American families spend because of high gas prices is one less dollar they can use to put food on the table or send a child to college. The American people deserve better.';
With gasoline prices above $4 a gallon, Bush and his Republican allies think Americans are less reluctant to allow drilling offshore and in an Alaska wildlife refuge that environmentalists have fought successfully for decades to protect. Nearly half the people surveyed by the Pew Research Center in late June said they now consider energy exploration and drilling more important than conservation, compared with a little over a third who felt that way only five months ago. The sharpest shift in attitude came among political liberals.
Democrats say they are for drilling, but argue that oil companies aren't going after the oil where they already have leases. So why open new, protected areas? they ask. Democrats say there are 68 million acres of federal land and waters where oil and gas companies hold leases, but aren't producing oil.
';Americans are fed up every time they go to fill up and they're right to demand action. But instead of a serious response, President Bush and his allies simply repeat the same old line more drilling,'; Rep. Chris Van Hollen, D-Md., said in the Democrats' radio address.
';Democrats support more drilling,'; he said. ';In fact, what the president hasn't told you is that the oil companies are already sitting on 68 million acres of federal lands with the potential to nearly double U.S. oil production. That is why in the coming days congressional Democrats will vote on 'Use It or Lose It' legislation requiring the big oil companies to develop these resources or lose their leases to someone else who will.';
';But we know that drilling by itself will not solve the problem of high gas prices,'; Van Hollen said. ';We cannot drill our way to energy independence.';
He cited Democrats' calls to tap the nation's Strategic Petroleum Reserve, because it is full and ';America's rainy day is now.'; And he said the country must focus on new energy policies that focus on alternatives to oil.
Bush said that Democrats are at fault and that ';Americans are increasingly frustrated with Congress' failure to take action.
';One of the factors driving up high gas prices is that many of our oil deposits here in the United States have been put off-limits for exploration and production. Past efforts to meet the demand for oil by expanding domestic resources have been repeatedly rejected by Democrats in Congress.';
Bush repeated his call for Congress to lift the restrictions, including a ban on offshore drilling. A succession of presidents from George H.W. Bush to Bill Clinton to the current president have sided against drilling in these waters as has Congress each year for 27 years, seeking to protect beaches and coastal states' tourism economies.
Are the Democrats refusing to open up Domestic Drilling of Oil, to keep the prices high ?
Then Blame it on Bush. HaHa, it won't work. I read today where Saudi Arabia is flooding the Market with Sweet Delicious Crude to get prices even lower and get McCain Elected. The Saudi's know that an Obama Regime will ignore an attack on Saudia Arabia by Iran, I love it - this is right out of James Bond and I am behind McCain all the way baby. No Obama Teeny Boppers for ME - My GIG is to find a real McCain HOTTIE. Also the Saudis are using their Oil Resources to Counter as an Offensive to all of the Illegal Millions in Campaign contribution to Obama from George Soros. George Soros is the Prick that destroyed Argentina's Economy.Are the Democrats refusing to open up Domestic Drilling of Oil, to keep the prices high ?
Pelosi is holding out on off-shore drilling in hopes Obama wins the election, then do an about face and allow drilling and then give all credit to Obama when prices drop
. It won't work for a couple of reasons..
1, Obama won't win the election.
2, We already know Pelosi is trying to do this. I mean, she is too dumb to even be crafty.
I'm tired of these liberal political 'games'.
and by the way, I don't care how many people say otherwise, but more oil available means lower prices by the mere fact futures will be lower by the forthcoming glut of oil. It's a fact of life.
McCain 08.Are the Democrats refusing to open up Domestic Drilling of Oil, to keep the prices high ?
Yes, Nancy Pelosi and Harry Reid, in particular. I saw an interview of her and Mr. Stephanapolis and she thinks that it will not be a ';quick fix'; to the lowering the prices, also it will ruin, planet earth, so she is not letting them vote for domestic drilling of oil. She is such a knucklehead! She is disliked by many in Congress and the House, and now even the American people are starting to see her as an unfair ';witch.';
Unfortunately yes, but there is a positive outcome. By making the American people realize what is going on by raising prices at the pump, it forces us to make changes. The democrats are taking this to a level that is unconstitutional and will be the dagger that takes their campaign down just like the Pelosi congress at work right now or actually the democratic congress that is taking leave for a month while regular Americans are struggling to make ends meet.
Uhm, no, they just believe that where the oil companies already have leases and are approved to drill, they should drill first. If you'd place the blame squarely on the oil companies where it belongs, then we might get more oil out of them. Unfortunately, more oil won't solve the problem, but ya'll don't believe it. Well, tell them to drill and when it doesn't help what will you say then?
Well if we drill here at home the democrats won't have anything to b**** about in that respect. Can't have the republican party look good can we? Of course not, silly!! MCCAIN, because when you look at the name closely it screams ICAN make it better! Look at Obama closely...Oh Bomb Uh. I rest my case.
Didn't you hear .... Pelosi is ';saving the planet'; !!!
uuggghhhh!
BTW .... BLUE CHRISTY ..... Access to the Strategic Oil Reserve is determined by provisions written into the 1975 Energy Policy and Conservation Act (EPCA) ... specifically to cover us in the case of a severe supply interruption!
Wow, you're dumb. I read the question with an intention to answer you're question intellectually, but as I read on I decided you weren't worth it. You're gig is to find a real McCain hottie? Wow, what has the world come to?
Yeah, isn't it funny how the supply has gone up, but the prices continue to soar. It is complete and udder bull. It doesn't have anything to do with supply, and its gets more pathetic everyday.
Yea, Bush and his buddies are the only one benefiting from high oil prices. Think about it. The administration inflates prices just to pressure congress to allow drilling, so big oil can make MORE money.
Yes, that's one of the reasons. They also tried to raise the gas tax 10 cents per gallon recently. They want to force Americans to use less oil to save Pelosi's planet.
No, because when the price was low we weren't drilling domestically. It's not going to bring the price down significantly. The oil companies don't pump much oil from the active wells we have here. Our labor is too expensive. The oil companies and all the politicians they own see this as a magical opportunity to get rid of all those pesky environmental regulations that keep the quality of life in America high, because those laws stand in the way of corporate profits. Everybody wants more oil production here, but watch what happens when they can see the oil wells, and smell the refineries. Perhaps the next law the oil companies will shove down our throat is a new migrant worker program to man those oil wells. Why give a fellow American a job when you can pay some 3rd world worker $0.50 an hour to do it? Antthing to make the price of gas go down a few cents.
Yeah, isn't it interesting that the last time they increased supply the price of oil continued to go up. This has nothing to do with supply.
And if you want to base it on supply, then economists have already stated we only have 1-2% of the world oil supply (we use 25% of the world supply). Even if we could get that NOW, it would only reduce the cost, at most, a dime/gallon. Our supply isn't significant enough to make a difference.
The problem is speculation and the devalued US Dollar. But, ah well. Drink up the koolaide. But if you really care, find ONE economist that will say otherwise, they don't exist. Even Bush and McCain said this was a ';psychological'; boost that wouldn't help the price of gas.
UMMM didnt Obama agree to drill on an open 68 million acre site today? Heat from tree huggers has the democratic party stopping to think what would be best. Sorry, but I'm sick and tired of what the republican party and our president has done to this country in the last 8 yrs. Its time for change and a new perspective. Obama in '08.
Perhaps they do not want to drill more oil, because it is contributing to global warming.
I believe that Bush is hording the national oil reserves to keep profits high. And we could go back and forth about which political Politician is the most crocked . Romney is right up there with them and so is the Senator from Alaska . This older white military widow is not a teeny bopper and I will vote for Obama .I know the saudis have been holding hands with Bush for along time now . I can see why they may be worried -it has served their purpose for the USA to have a Republican president . It has made the Saudis rich.and made many Americans poor.isotretinoin
Pelosi is holding out on off-shore drilling in hopes Obama wins the election, then do an about face and allow drilling and then give all credit to Obama when prices drop
. It won't work for a couple of reasons..
1, Obama won't win the election.
2, We already know Pelosi is trying to do this. I mean, she is too dumb to even be crafty.
I'm tired of these liberal political 'games'.
and by the way, I don't care how many people say otherwise, but more oil available means lower prices by the mere fact futures will be lower by the forthcoming glut of oil. It's a fact of life.
McCain 08.Are the Democrats refusing to open up Domestic Drilling of Oil, to keep the prices high ?
Yes, Nancy Pelosi and Harry Reid, in particular. I saw an interview of her and Mr. Stephanapolis and she thinks that it will not be a ';quick fix'; to the lowering the prices, also it will ruin, planet earth, so she is not letting them vote for domestic drilling of oil. She is such a knucklehead! She is disliked by many in Congress and the House, and now even the American people are starting to see her as an unfair ';witch.';
Unfortunately yes, but there is a positive outcome. By making the American people realize what is going on by raising prices at the pump, it forces us to make changes. The democrats are taking this to a level that is unconstitutional and will be the dagger that takes their campaign down just like the Pelosi congress at work right now or actually the democratic congress that is taking leave for a month while regular Americans are struggling to make ends meet.
Uhm, no, they just believe that where the oil companies already have leases and are approved to drill, they should drill first. If you'd place the blame squarely on the oil companies where it belongs, then we might get more oil out of them. Unfortunately, more oil won't solve the problem, but ya'll don't believe it. Well, tell them to drill and when it doesn't help what will you say then?
Well if we drill here at home the democrats won't have anything to b**** about in that respect. Can't have the republican party look good can we? Of course not, silly!! MCCAIN, because when you look at the name closely it screams ICAN make it better! Look at Obama closely...Oh Bomb Uh. I rest my case.
Didn't you hear .... Pelosi is ';saving the planet'; !!!
uuggghhhh!
BTW .... BLUE CHRISTY ..... Access to the Strategic Oil Reserve is determined by provisions written into the 1975 Energy Policy and Conservation Act (EPCA) ... specifically to cover us in the case of a severe supply interruption!
Wow, you're dumb. I read the question with an intention to answer you're question intellectually, but as I read on I decided you weren't worth it. You're gig is to find a real McCain hottie? Wow, what has the world come to?
Yeah, isn't it funny how the supply has gone up, but the prices continue to soar. It is complete and udder bull. It doesn't have anything to do with supply, and its gets more pathetic everyday.
Yea, Bush and his buddies are the only one benefiting from high oil prices. Think about it. The administration inflates prices just to pressure congress to allow drilling, so big oil can make MORE money.
Yes, that's one of the reasons. They also tried to raise the gas tax 10 cents per gallon recently. They want to force Americans to use less oil to save Pelosi's planet.
No, because when the price was low we weren't drilling domestically. It's not going to bring the price down significantly. The oil companies don't pump much oil from the active wells we have here. Our labor is too expensive. The oil companies and all the politicians they own see this as a magical opportunity to get rid of all those pesky environmental regulations that keep the quality of life in America high, because those laws stand in the way of corporate profits. Everybody wants more oil production here, but watch what happens when they can see the oil wells, and smell the refineries. Perhaps the next law the oil companies will shove down our throat is a new migrant worker program to man those oil wells. Why give a fellow American a job when you can pay some 3rd world worker $0.50 an hour to do it? Antthing to make the price of gas go down a few cents.
Yeah, isn't it interesting that the last time they increased supply the price of oil continued to go up. This has nothing to do with supply.
And if you want to base it on supply, then economists have already stated we only have 1-2% of the world oil supply (we use 25% of the world supply). Even if we could get that NOW, it would only reduce the cost, at most, a dime/gallon. Our supply isn't significant enough to make a difference.
The problem is speculation and the devalued US Dollar. But, ah well. Drink up the koolaide. But if you really care, find ONE economist that will say otherwise, they don't exist. Even Bush and McCain said this was a ';psychological'; boost that wouldn't help the price of gas.
UMMM didnt Obama agree to drill on an open 68 million acre site today? Heat from tree huggers has the democratic party stopping to think what would be best. Sorry, but I'm sick and tired of what the republican party and our president has done to this country in the last 8 yrs. Its time for change and a new perspective. Obama in '08.
Perhaps they do not want to drill more oil, because it is contributing to global warming.
I believe that Bush is hording the national oil reserves to keep profits high. And we could go back and forth about which political Politician is the most crocked . Romney is right up there with them and so is the Senator from Alaska . This older white military widow is not a teeny bopper and I will vote for Obama .I know the saudis have been holding hands with Bush for along time now . I can see why they may be worried -it has served their purpose for the USA to have a Republican president . It has made the Saudis rich.and made many Americans poor.
Oil drilling and Yellowstone?
Has their been any scientific study concerning the oil/gas drilling in Western Wyoming upseting the magma chamber under Yellowstone? Is it possible?Oil drilling and Yellowstone?
No matter who is in office, mining, oil, and gas development will stay out of National Parks. They are safe.
Not only would oil not be found near the magma chamber, but any drilling would not do much to change the state of affairs in the magma chamber. That would be like poping a gas truck with a sewing needle (except the truck is bigger and the needle is smaller). It's jsut not enough to do much.Oil drilling and Yellowstone?
Thank you for answering! Though the way this administration is going--I wouldn't be surprised to see oil rigs near or in Yellowstone (laws or not)! I live in Western Wyoming by the way---so it's pretty much a part of my everyday life. :-) Report Abuse
You can find out more about Offshore oil %26amp; gas in http://www.offshoreman.com Report Abuse
I believe that all proposed oil drilling needs to have an environmental impact study done and submitted to the EPA before it can commence. I wasn't aware of any oil drilling in Yellowstone. Wouldn't the magma burn up all the subterranean petroleum deposits?
';Occasionally proposals are suggested for ways to safely relieve the buildup of dissolved gas in the Yellowstone magma chamber, usually involving drilling holes or using explosives to release small amounts of pressure in a controlled manner. However, none of these ideas is likely to have a noticeable impact. The magma beneath Yellowstone is not very mobile, so release of dissolved gases from any given point will not do much to the chamber as a whole, and in any event, the scale of the problem is far too large for current engineering capabilities to handle';
From http://en.wikipedia.org/wiki/Yellowstone鈥?/a>
See also:
They don't drill in the actual caldera of Yellowstone, nor near it from what I can see. I was just there two weeks ago. The drilling is almost 100 miles outside of Yellowstone, and from my understanding, the oil drilling does not go down deep enough to effect any magma. Magma is not near the surface in Yellowstone, the water gets heated far below the surface to create all of the thermal features.
I would think that the oil that is present there would not be deep enough to have any affect on the magma.
No matter who is in office, mining, oil, and gas development will stay out of National Parks. They are safe.
Not only would oil not be found near the magma chamber, but any drilling would not do much to change the state of affairs in the magma chamber. That would be like poping a gas truck with a sewing needle (except the truck is bigger and the needle is smaller). It's jsut not enough to do much.Oil drilling and Yellowstone?
Thank you for answering! Though the way this administration is going--I wouldn't be surprised to see oil rigs near or in Yellowstone (laws or not)! I live in Western Wyoming by the way---so it's pretty much a part of my everyday life. :-) Report Abuse
You can find out more about Offshore oil %26amp; gas in http://www.offshoreman.com Report Abuse
I believe that all proposed oil drilling needs to have an environmental impact study done and submitted to the EPA before it can commence. I wasn't aware of any oil drilling in Yellowstone. Wouldn't the magma burn up all the subterranean petroleum deposits?
';Occasionally proposals are suggested for ways to safely relieve the buildup of dissolved gas in the Yellowstone magma chamber, usually involving drilling holes or using explosives to release small amounts of pressure in a controlled manner. However, none of these ideas is likely to have a noticeable impact. The magma beneath Yellowstone is not very mobile, so release of dissolved gases from any given point will not do much to the chamber as a whole, and in any event, the scale of the problem is far too large for current engineering capabilities to handle';
From http://en.wikipedia.org/wiki/Yellowstone鈥?/a>
See also:
They don't drill in the actual caldera of Yellowstone, nor near it from what I can see. I was just there two weeks ago. The drilling is almost 100 miles outside of Yellowstone, and from my understanding, the oil drilling does not go down deep enough to effect any magma. Magma is not near the surface in Yellowstone, the water gets heated far below the surface to create all of the thermal features.
I would think that the oil that is present there would not be deep enough to have any affect on the magma.
Democratic congress and oil drilling?
They claim to be the ';Party of the poor and middle class';, YET, they don't want to take any intiative to lower gas prices.. They told America, we will only lower gas prices if we take it out of our reserve. AND THEY STILL HAVEN'T DONE ANYTHING. So can they really claim they are the party of the ';Poor and middle class'; when they don't even understand what they are experiencing at the moment?Democratic congress and oil drilling?
Russia has gained control of the last pipe line to Europe that doesn`t go through their territory. Now they control all of them
China is drilling all over the world, even off Florida with Cuba. In fact the whole world is drilling including Mexico and Canada.
Russia just opened the largest oil field and turned sakhalin island into a giant gas station in 2005. Now they have money and power to use against us.
We are forced to buy oil from our enemies.
Our prices are going up for everything because everything is made with oil, from paint, to plastic, to your roads, to cell phones, to Madeline make up.
Diesel is 4.50 a gal for trucks that move our economy. Everything in stores gets there by trucks. So everything costs more.
Because everything cost more people lose their jobs.
But as Nancy Pelosi (D - CA) said,';I am trying to save the planet';, so I guess she means, screw you America, we won`t drill.Democratic congress and oil drilling?
Only the un educated and un informed fall for this crap from the Republicans. Those of us who check facts and read books do not.
Drilling is not the answer. It has never been the answer. Only foolish people think that way. Even if we did drill for more oil and found it, we can not refine the oil into gas, current capacity is at 92 percent. It takes 10 years to build a refinery and no one wants one in there backyard. The answer is conservation. When demand goes down the supply of gas is up and the price of gas goes down. Just like it did recently. Supply remained the same. Simple economics which Republicans don't understand, it's over there head. Bush was asked to release the reserves and he refused. This would not have lowered the price of gas. The Republicans who controlled Congress for seven years also did nothing to help the working class. When Republicans were in the majority they could have ended the ban on off shore drilling and Bush would have rubber stamped the legislation as he did all others.
When Republicans gave big oil big tax breaks exxon made $46 billion in profit as a result.
Only stupid Republicans blame Democrats for the high cost of gas when Republicans did nothing about it in 7 years..
The democratic Congress does not have a clue on what to do next. They huddle together like a gaggle of scared school kids, afraid to act, but more afraid to show individual courage and do what is right.
What is even scarier about this Congress, they wait for that idiot Pelosi who really can't get on the right page.
I have grave concerns about the democratic party. It is quaking in it's boots for fear of making the wrong decision.
They don't realize, we need them to make a decision, even if it's the wrong decision, at least they will show a little gumption if they did that !
Oil prices are coming down. We have learned to manage with less usage. No oil company has asked too drill anywhere else. Stock holders of everything but oil have figured out what we already knew. When oil is up the market is down. This issue is all about it being an election year. Period.
Guess i think of the Demo's as the party for welfare and Hollywood elitists.
Actions speak louder than words.
Russia has gained control of the last pipe line to Europe that doesn`t go through their territory. Now they control all of them
China is drilling all over the world, even off Florida with Cuba. In fact the whole world is drilling including Mexico and Canada.
Russia just opened the largest oil field and turned sakhalin island into a giant gas station in 2005. Now they have money and power to use against us.
We are forced to buy oil from our enemies.
Our prices are going up for everything because everything is made with oil, from paint, to plastic, to your roads, to cell phones, to Madeline make up.
Diesel is 4.50 a gal for trucks that move our economy. Everything in stores gets there by trucks. So everything costs more.
Because everything cost more people lose their jobs.
But as Nancy Pelosi (D - CA) said,';I am trying to save the planet';, so I guess she means, screw you America, we won`t drill.Democratic congress and oil drilling?
Only the un educated and un informed fall for this crap from the Republicans. Those of us who check facts and read books do not.
Drilling is not the answer. It has never been the answer. Only foolish people think that way. Even if we did drill for more oil and found it, we can not refine the oil into gas, current capacity is at 92 percent. It takes 10 years to build a refinery and no one wants one in there backyard. The answer is conservation. When demand goes down the supply of gas is up and the price of gas goes down. Just like it did recently. Supply remained the same. Simple economics which Republicans don't understand, it's over there head. Bush was asked to release the reserves and he refused. This would not have lowered the price of gas. The Republicans who controlled Congress for seven years also did nothing to help the working class. When Republicans were in the majority they could have ended the ban on off shore drilling and Bush would have rubber stamped the legislation as he did all others.
When Republicans gave big oil big tax breaks exxon made $46 billion in profit as a result.
Only stupid Republicans blame Democrats for the high cost of gas when Republicans did nothing about it in 7 years..
The democratic Congress does not have a clue on what to do next. They huddle together like a gaggle of scared school kids, afraid to act, but more afraid to show individual courage and do what is right.
What is even scarier about this Congress, they wait for that idiot Pelosi who really can't get on the right page.
I have grave concerns about the democratic party. It is quaking in it's boots for fear of making the wrong decision.
They don't realize, we need them to make a decision, even if it's the wrong decision, at least they will show a little gumption if they did that !
Oil prices are coming down. We have learned to manage with less usage. No oil company has asked too drill anywhere else. Stock holders of everything but oil have figured out what we already knew. When oil is up the market is down. This issue is all about it being an election year. Period.
Guess i think of the Demo's as the party for welfare and Hollywood elitists.
Actions speak louder than words.
Oil/Gov. guru says 8-14 years for oil after drilling starts. How did China do it in 1 month 60 miles from FL?
This was on Fox last week. Don't recall who said it but a guest said that it would take 8-14 years after the project starts to get any oil from off shore drilling. The Chinese did it in 1 month just 60 miles off the coast of Florida. How did they do it this quick, why so long for us, and why don't we just get the Chinese to drill it for us. Apparently, they are much more proficient at it than us.Oil/Gov. guru says 8-14 years for oil after drilling starts. How did China do it in 1 month 60 miles from FL?
8-14 years to get the eviromental impact statement approved.Oil/Gov. guru says 8-14 years for oil after drilling starts. How did China do it in 1 month 60 miles from FL?
It's not about whether we get the oil or not, though that would take a while (about a month as you said). The 8-14 year mark, which seems a bit high to me anyway, is based in how long it would take for that oil to hit the market and reduce prices.
Source of the statistic regarding Chinese, please.
China doesn't need to worry about suits from Democrat voters.
It's akin to an urban legend sweet pea.
China's demand for oil is higher and growing much faster than ours. When a market is as pressured as theirs, people are forced to take action.
What we need to do is pump the oil and sell it to them, keep the profits, and invest them into literature about how modern countries survive on less gas. Then we need to take this literature and beat the heads of people who complain about our low gas prices (because they are low, have you seen Europe's?) but also drive SUVs like maniacs on long suburban commutes. And we need to keep beating them until they either learn how to conserve and invest or else we just let their heads start bleeding.
I'm in favor of drilling but whoever said it would take 8 - 14 years is wrong it won't take nearly that long. Once the ban on drilling is lifted, speculators will cover and the price will come down quickly. China isn't drilling 60 miles off the coast of FL. Cuba has the drilling rights to an area close to FL and is negotiating with other countries to allow drilling, but it hasn't happened yet.
They're not covered in red tape.
Hey, Hey, HEY!! What are you doing? Don't you know not to let facts get in the way of politics?
http://www.startribune.com/local/2428198鈥?/a>
The Chi Coms ARE NOT DRILLING 60 miles off the coast of Florida
8-14 years to get the eviromental impact statement approved.Oil/Gov. guru says 8-14 years for oil after drilling starts. How did China do it in 1 month 60 miles from FL?
It's not about whether we get the oil or not, though that would take a while (about a month as you said). The 8-14 year mark, which seems a bit high to me anyway, is based in how long it would take for that oil to hit the market and reduce prices.
Source of the statistic regarding Chinese, please.
China doesn't need to worry about suits from Democrat voters.
It's akin to an urban legend sweet pea.
China's demand for oil is higher and growing much faster than ours. When a market is as pressured as theirs, people are forced to take action.
What we need to do is pump the oil and sell it to them, keep the profits, and invest them into literature about how modern countries survive on less gas. Then we need to take this literature and beat the heads of people who complain about our low gas prices (because they are low, have you seen Europe's?) but also drive SUVs like maniacs on long suburban commutes. And we need to keep beating them until they either learn how to conserve and invest or else we just let their heads start bleeding.
I'm in favor of drilling but whoever said it would take 8 - 14 years is wrong it won't take nearly that long. Once the ban on drilling is lifted, speculators will cover and the price will come down quickly. China isn't drilling 60 miles off the coast of FL. Cuba has the drilling rights to an area close to FL and is negotiating with other countries to allow drilling, but it hasn't happened yet.
They're not covered in red tape.
Hey, Hey, HEY!! What are you doing? Don't you know not to let facts get in the way of politics?
http://www.startribune.com/local/2428198鈥?/a>
The Chi Coms ARE NOT DRILLING 60 miles off the coast of Florida
Do you think Obama should or should not stop Utah drilling for oil and gas?
I don't know it is hard to say since I don't live in Utah. I am an environmentalist though and I don't think drilling is necessarily that bad if it is not cutting down trees or harming much life. How big could some gas and oil pipes be anyhow.
Source-http://www.sltrib.com/ci_10942117Do you think Obama should or should not stop Utah drilling for oil and gas?
Obama will be calling himself President of the United States, however, that does not allow him to dictate how each state decides a question such as drilling in that state. That is a states right issue. Neither the President nor Congress should be putting their nose in Utah's business.Do you think Obama should or should not stop Utah drilling for oil and gas?
Its easy to sit on the sidelines and say ';no to drilling in Utah';.I live in the Vernal and remember a time not so long ago, when this area was a collection of ghost towns. Now with the drilling, the Oil and gas industry has provided countless jobs,and economic prosperity this area has never seen.With the economy hitting rock bottom, does it make sense to stop drilling in Utah?There will always an environmental impact with any industry.Shouldnt we press on with this prosperity, or should we all sack it up and get on welfare?!
We do need to worry about our environment but we must also remember that drilling here means jobs here and money giving to other countries will never come back to the people of the USA .So Im for drilling if it bring jobs and money to our economy.And being from Texas and having wells on our land I can tell you we don't even know that there are drilling pumps on our land and one is only about 1/3 of a mile a way from our home.Plus which one of you are willing to ride a bike to work everyday or not see family members that we are used to seeing often if it gets bad enough that we get gas rations because of lack of gas or oil.
Not having our own oil, is one of the problems with the economy. We are not going to completely stop driving or flying, and now we are stuck sending all of our money to the Arabic countries for their oil. If we don麓t start drilling that alone will do great damage to our economy..
We also need to realize that the days of the big cars are over and we need to develop new ways of moving around.
But if we don麓t treat the economy, then it won麓t matter what we do as we will soon become a 3rd world country..
So I say drill, but be cautious and work to develop new types of cars..
i know it sounds like we should have a better solution to this problem but unless we find a major oil field within our border, and im taking MAJOR, we need to keep looking and the only way to do this is to DRILL. Unless you want to keep kissing middle eastern asses all your life and expect them to keep the prices affordable. Right now, at this moment in time, they practically own us. We get 80% of our oil from them and thats why they have 22nd century technology all across their country. How they obtained technology thats 100 years ahead of ours is still a mystery. But anyways, long story short, i want to say no.. but it has to be a yes.
Drill, because it provides jobs and will provide fuel in the event OPEC decides to cut us off. Until we have viable affordable alternatives we are going to have to continue to drive our old gas guzzling cars and trucks.
I am not willing to return to the old stone age for fear of some vague 'global disaster' warning from the far left lobby. Let the states that want to drill, drill. They will be winners for it in the long run.
well i hate to see destruction of wildlife especially in the beautiful state of Utah, but it's better than cutting down a forest 1000 times the size of an oil derrick to produce only a fraction the amount of fuel in corn based ethanol.
If it's not on federal land it's out of his jurisdiction. If it is on federal land, the government should get fair market value if they allow drilling.
I'm not familiar with the issue, but my guess is that the low price of crude will delay or eliminate the idea.
NO to drilling in Utah
Source-http://www.sltrib.com/ci_10942117Do you think Obama should or should not stop Utah drilling for oil and gas?
Obama will be calling himself President of the United States, however, that does not allow him to dictate how each state decides a question such as drilling in that state. That is a states right issue. Neither the President nor Congress should be putting their nose in Utah's business.Do you think Obama should or should not stop Utah drilling for oil and gas?
Its easy to sit on the sidelines and say ';no to drilling in Utah';.I live in the Vernal and remember a time not so long ago, when this area was a collection of ghost towns. Now with the drilling, the Oil and gas industry has provided countless jobs,and economic prosperity this area has never seen.With the economy hitting rock bottom, does it make sense to stop drilling in Utah?There will always an environmental impact with any industry.Shouldnt we press on with this prosperity, or should we all sack it up and get on welfare?!
We do need to worry about our environment but we must also remember that drilling here means jobs here and money giving to other countries will never come back to the people of the USA .So Im for drilling if it bring jobs and money to our economy.And being from Texas and having wells on our land I can tell you we don't even know that there are drilling pumps on our land and one is only about 1/3 of a mile a way from our home.Plus which one of you are willing to ride a bike to work everyday or not see family members that we are used to seeing often if it gets bad enough that we get gas rations because of lack of gas or oil.
Not having our own oil, is one of the problems with the economy. We are not going to completely stop driving or flying, and now we are stuck sending all of our money to the Arabic countries for their oil. If we don麓t start drilling that alone will do great damage to our economy..
We also need to realize that the days of the big cars are over and we need to develop new ways of moving around.
But if we don麓t treat the economy, then it won麓t matter what we do as we will soon become a 3rd world country..
So I say drill, but be cautious and work to develop new types of cars..
i know it sounds like we should have a better solution to this problem but unless we find a major oil field within our border, and im taking MAJOR, we need to keep looking and the only way to do this is to DRILL. Unless you want to keep kissing middle eastern asses all your life and expect them to keep the prices affordable. Right now, at this moment in time, they practically own us. We get 80% of our oil from them and thats why they have 22nd century technology all across their country. How they obtained technology thats 100 years ahead of ours is still a mystery. But anyways, long story short, i want to say no.. but it has to be a yes.
Drill, because it provides jobs and will provide fuel in the event OPEC decides to cut us off. Until we have viable affordable alternatives we are going to have to continue to drive our old gas guzzling cars and trucks.
I am not willing to return to the old stone age for fear of some vague 'global disaster' warning from the far left lobby. Let the states that want to drill, drill. They will be winners for it in the long run.
well i hate to see destruction of wildlife especially in the beautiful state of Utah, but it's better than cutting down a forest 1000 times the size of an oil derrick to produce only a fraction the amount of fuel in corn based ethanol.
If it's not on federal land it's out of his jurisdiction. If it is on federal land, the government should get fair market value if they allow drilling.
I'm not familiar with the issue, but my guess is that the low price of crude will delay or eliminate the idea.
NO to drilling in Utah
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