President (To Win Colorado)
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(D) Kamala Harris
(R) Donald Trump
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20%
CO-01 (Denver)
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CO-02 (Boulder-ish)
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(D) Trisha Calvarese
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(D) Jason Crow*
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(D) Yadira Caraveo
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DEMOCRATS
REPUBLICANS
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State House Majority
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REPUBLICANS
95%
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July 25, 2011 09:47 PM UTC
9 Comments
but people have been trying to get this message across for years. Drilling is not being stopped by anyone but the drillers themselves. What a surprise. Corporate liars and theirlackies.
Actually, it absolutely is. First part of the month: “Damn, gas is up 10 cents a gallon”. Middle of month “Whoo hoo, it went down three cents”. Rinse, repeat.
We are being manipulated. For fun, profit and political gain. We all know that the party in charge will be blamed for the high price of gas, and if the next Prez is a Repub, even with no policy change, prices will stabilize and R will get credit.
Repeat as necessary as the economic gulf widens. Oh, by the way on a related topic, if I ever hear “Job-killing-tax-increases” again, I may barf. When was the last tax hike? 1998? what has unemployment done since then? Hello? anybody out there thinking for themselves?
Yes, that’s why the heads of every oil company in America regularly go before Congress to plead for access to American energy reserves. Because they’re playing a giant con game. Hell, they don’t actually drill for oil at all! Maybe oil is just what they call the magic fairy dust that powers your VW bus.
You really live in your own little world, don’t you?
I once worked in the oil & gas business for one of the “majors” in the field of exploration and production. As stated above, the industry is sitting on literally thousands of already granted permits that they could begin drilling tomorrow if the rigs were available to drill but they aren’t. No one, and certainly not the government (local, state or federal), is holding them back.
Second, even if we opened up all of our continental shelf areas plus Alaska and other areas in the continental United States we simply don’t have the reserves, even with the new hroizontal drilling techniques, to self sustain our consumption of oil. The United States consumes around 21 million barrels of oil each day. If we relied solely on our known reserves for our daily consumption our fields would be depledt in about five years. We simply don’t have the reserves to supply our oil needs and thats why blindly asserting if we just drill everywhere is such a nonstarter. Even if we did that, it won’t come close to making us energy independent. The oil and gas companies want access so they can make money which is fine. Thats what corporations are supposed to do but the idea that this will some how make the Untied States energy independent is a false political argument to gain access. It isn’t part of real energy independence.
Most oil fields are in decline. New discoveries tend to just maintain the status quo, not increase overall production.
Actually count me among those noting your cluelessness. Companies like to control supplies and claim reserves. It helps them keep prices high by being able to pace drilling as they see fit. And large reserves look good in shareholder reports. Anyone who claims that companies will drill to intentionally glut supply and decrease profit is either a liar or fool. So, which is it?
since I hear tell that ignorance is bliss.
Sales of oil produced in Colorado have increased by 22% in Colorado since 2007 (when 25.2 million barrels were sold) to 2010 (when 30.8 million barrels were sold).
What has this done for energy “independence” in the USA? Colorado now produces enough oil each year to provide for 38.6 hours of US consumption (up from just covering 29.25 hours of US consumption in 2007). Whoo hoo!
[Observant readers will note that this 22% increase in Colorado oil sales has taken place since Ritter’s “job killing” new rules were adopted and implemented by the COGCC. So not only did the rules NOT kill the O&G industry, we experienced an extra 9.25 hours of energy independence last year!!!]
That’s the U.S., way down there at 21.4 billion barrels of proven reserves. That sounds like a lot, but we consume 19 million barrels per day.
That means that if we didn’t import oil, that we’d have about a 1000-day (3-year) supply. In other words, there’s no effin’ way to drill our way to energy independence.