Comments on: New Offshore Drilling in Perspective (Cool Graph) http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/ Blogging the science and policy of global warming Mon, 16 Nov 2009 07:13:20 -0800 http://wordpress.org/?v=2.8.5.2 hourly 1 By: centerfield http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/comment-page-1/#comment-1805 centerfield Wed, 17 Sep 2008 18:02:14 +0000 http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/#comment-1805 May I add one thing. Our dependence is not only rediculous, it's primative. It is based on an out-dated value system. The new paradigm will increasingly seek to find true value in products. Oil, for instance, has other costs to take into account like: the cost for our environment, the cost for national security, the cost for biodiversity, the cost for the health of our grandchildren, and more. Add those costs to the price at the pump and see how much we are truely paying. May I add one thing.

Our dependence is not only rediculous, it's primative. It is based on an out-dated value system. The new paradigm will increasingly seek to find true value in products. Oil, for instance, has other costs to take into account like: the cost for our environment, the cost for national security, the cost for biodiversity, the cost for the health of our grandchildren, and more. Add those costs to the price at the pump and see how much we are truely paying.

]]> By: centerfield http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/comment-page-1/#comment-1804 centerfield Wed, 17 Sep 2008 17:46:08 +0000 http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/#comment-1804 I fail to see how increasing US oil production will directly affect the price at the pump for the long term. If we increase our supply, won't OPEC decrease its supply to control the price? They shape this market and I have a hard time understanding how a measly 1.2% will change that fact. International suppliers have their hands on the spicket and watch us very closely. They let the price go up to test the market and as soon as we lower our demand, they back off to find the sweet spot. Our dependence is rediculous! The only way we will regain control will be to find alternatives and shape our own energy market! I fail to see how increasing US oil production will directly affect the price at the pump for the long term. If we increase our supply, won't OPEC decrease its supply to control the price? They shape this market and I have a hard time understanding how a measly 1.2% will change that fact.

International suppliers have their hands on the spicket and watch us very closely. They let the price go up to test the market and as soon as we lower our demand, they back off to find the sweet spot. Our dependence is rediculous!

The only way we will regain control will be to find alternatives and shape our own energy market!

]]> By: astroknott http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/comment-page-1/#comment-1803 astroknott Wed, 17 Sep 2008 04:38:56 +0000 http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/#comment-1803 True enough, but ALL oil sold, pretty much anywhere, goes into the global oil market. Increased supply reduces the cost. Thus benefiting consumers. Also, while supply is short, our oil companies want to produce as much as possible because the price is high and they make the most. Our companies making money benefits us rather than benefiting countries that, in many cases, hate us. Not sure I agree with the mere 200,000 barrels a day. I think I have heard much higher figures than that. In any case 1.2% is better than 0%. Every "drop in the bucket" adds up. We also have A.N.W.R. to add to that as well as oil shale that "could" be accessed if congress would be willing to get off its collective rear ends. Not to mention "Pickens plan", that could be a very reasonable near, and long term plan. Congress could help implement that too, but I am not holding my breath. Too much politics involved for any, real, practical, action. True enough, but ALL oil sold, pretty much anywhere, goes into the global oil market. Increased supply reduces the cost. Thus benefiting consumers. Also, while supply is short, our oil companies want to produce as much as possible because the price is high and they make the most. Our companies making money benefits us rather than benefiting countries that, in many cases, hate us.

Not sure I agree with the mere 200,000 barrels a day. I think I have heard much higher figures than that. In any case 1.2% is better than 0%. Every "drop in the bucket" adds up. We also have A.N.W.R. to add to that as well as oil shale that "could" be accessed if congress would be willing to get off its collective rear ends. Not to mention "Pickens plan", that could be a very reasonable near, and long term plan. Congress could help implement that too, but I am not holding my breath. Too much politics involved for any, real, practical, action.

]]> By: Sheryl Canter http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/comment-page-1/#comment-1791 Sheryl Canter Mon, 15 Sep 2008 16:17:58 +0000 http://blogs.edf.org/climate411/2008/09/15/new_offshore_drilling/#comment-1791 I asked Gernot why oil from the U.S. would be sold at world prices. He said: <blockquote>The short answer is that there's a global market for oil -- one oil price. So oil produced in the US would still cost the end consumer as much as oil produced in Saudi Arabia or anywhere else in the world. That's why US oil producers benefit when OPEC restricts production and lifts the price of oil.</blockquote> I asked Gernot why oil from the U.S. would be sold at world prices. He said:

The short answer is that there's a global market for oil — one oil price. So oil produced in the US would still cost the end consumer as much as oil produced in Saudi Arabia or anywhere else in the world. That's why US oil producers benefit when OPEC restricts production and lifts the price of oil.

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