Jordanian pilot burned alive by terrorist

[Goat Blower]

Our drilling has become more technically challenging, while the middle east's hasn't. What paradigm shift has occurred to indicate that the point I'm making is dated by that data?

Open up ANWR and those problems all go away.

[jeremy1375]

Alternative energy is a joke, as witnessed by Solyndra and other companies our government have poured billions into and then closed their doors. If something is economically feasible, it should be self-suffiicient, not dependent on constant taxpayer funding. Oil and nuclear are the answer, lift the stupid regulations on them trying to make silly ideas like solar and wind feasible. Both have some merit, but only in certain locations and situations.

Alternative energy loses steam when oil gets cheap. There is no infrastructure for it at this point. Solar and wind during the day converted and stored as hydrogen would be one way to work toward solving the issue. Getting people on board is the hard part when alternative energy can't compete with cheap oil.

[jeremy1375]

Open up ANWR and those problems all go away.

The middle east wins in all oil scenarios.

[1ViciousGSX]

Alternative energy is a joke, as witnessed by Solyndra and other companies our government have poured billions into and then closed their doors. If something is economically feasible, it should be self-suffiicient, not dependent on constant taxpayer funding. Oil and nuclear are the answer, lift the stupid regulations on them trying to make silly ideas like solar and wind feasible. Both have some merit, but only in certain locations and situations.

Other than cars, we should have made huge moves to solar a decade ago,.. but its hard to tax and regulate the Sun, and there lies the problem.
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."-Milton Friedman

Open up ANWR and those problems all go away.

Yep.

And this.
http://thehill.com/policy/energy-environment/231885-feds-to-auction-41m-acres-of-gulf-of-mexico-drilling-rights
I like how the government auctions off something that doesn't belong to the government. Open it up and watch oil prices go down rapidly.

[jeremy1375]

^ The middle east will still be profitable selling their oil. They will continue to sell their oil and the market will increase as China and India continue to industrialize. The U.S. leads the way in technology. If we adopt alternative energy and make it work, others will follow.

[1ViciousGSX]

OPEC and the Saudies can't keep their oil prices below $50 for the long term. They are just playing a power grab right now, that's the only reason they did it. You really think that if it weren't for the Keystone vote coming up weeks ago that the price of oil would have came down anyway?

[jeremy1375]

OPEC and the Saudies can't keep their oil prices below $50 for the long term. They are just playing a power grab right now, that's the only reason they did it. You really think that if it weren't for the Keystone vote coming up weeks ago that the price of oil would have came down anyway?

The major problem is that Saudi Arabia is the largest oil producer in the world and they can control the price because of that. If we produce more than them, supply will overwhelm demand and price will crash unless they cut production. They can always produce cheaper than us and middle east stays rich in oil money. No end ever to oil money for terrorists.

[1ViciousGSX]

The major problem is that Saudi Arabia is the largest oil producer in the world and they can control the price because of that. If we produce more than them, supply will overwhelm demand and price will crash unless they cut production. They can always produce cheaper than us and middle east stays rich in oil money. No end ever to oil money for terrorists.

We don't have to out produce them, all we have to do is become less dependent on foreign oil and the effect will be dramatic.

[jeremy1375]

We don't have to out produce them, all we have to do is become less dependent on foreign oil and the effect will be dramatic.

How does that scenario play out?

[1ViciousGSX]

We as a country do import a lot of oil, but we also produce a lot for our own use.

If OPEC and the Saudies have such a monopoly on low cost production, our ramping up production for our own use shouldn't really scare them, but it did. Just like politicians, don't pay attention to what they say, pay attention to what they do. They last thing they want is an oil independent USA.