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DEL.ICIO.USMarshall: Drill, but first strike a better bargain with oil companies
The Atlanta Journal-Constitution
U.S. Rep. Jim Marshall of Macon has teamed up with a Republican, Roscoe Bartlett of Maryland, to pen an op-ed piece in today’s Washington Post that includes these paragraphs:
The controversial bans on drilling offshore and in the Arctic National Wildlife Refuge have preserved precious oil and natural gas reserves owned by the public. Thank environmentalists for this unintended gift.
But for these bans, we would have wasted the reserves without a strategic plan. Leasing and drilling would have lowered world oil prices by a few cents, benefiting more foreign consumers than Americans….
We hope this price crisis prompts the adoption of a strategic plan to use the remaining value of our federally owned oil and natural gas reserves to fund a clean, affordable and independent energy future for America, a goal worthy of short-term environmental concessions and risks.
Virtually all general drilling bans should be lifted. We should permit drilling offshore and in the ANWR and require that it be done with appropriate care.
Before granting additional drilling rights, however, we should fundamentally change the terms of future oil and gas lease agreements to ensure that taxpayers capture more of the revenue from our remaining reserves.
Today’s agreements provide exceptional profits for leaseholders when prices rise, so much so that leaseholders have a significant financial incentive to delay production until prices rise. That must change….
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Comments
By works for me
September 5, 2008 1:43 PM | Link to this
As long as we also encourage Nuclear+Wind+Water+Solar+Biofuels too.
By KevinA
September 5, 2008 2:00 PM | Link to this
Nuts and Bolts of Drilling
In 1982 oil prices spiked to around $32 because of the Oil embargo. At the same time the drilling rig count peaked at 4,500 rigs. By 1986 the oil prices had dropped to around $32. The rig count had dropped to 1,900 rigs. From 1987 to 2004 oil bounced from $10 to $35 a barrel. On 4-23-1999 the drilling rig count hit a low of 448. In 2005 oil started going up as did the amount of drilling rigs. Oil passed $40 and the rig count went to around 1,500. As of July 11th 2008 more rigs have been brought online. Up to around 1,900 (equal to the 1986 levels). The price for a barrel is now around $135 per barrel. It seems obvious to me that the oil companies deploy drilling rigs when it is in their own interests. It has nothing to do with national security or helping consumers. I encourage you to check out this web site and do the research yourself and respond. When the first oil crisis hit in the 70’s the oil industry ramped up to 4,000 rigs. With our dependence on foreign oil growing from 25% back then to 60+% now, how can anyone explain the rig deployment dropping to 448 in 1999. It seems oil producers are only interested in profits. How can any one guarantee the oil producers will keep producing when prices drop? The history says no.
By KevinA
September 5, 2008 2:13 PM | Link to this
Compromise and the Gang of Ten The Republician machine is rolling out it’s negitive campain adds, 5 Dems and 5 Rebs announced a paid for energy solution. One that Obama supports and McCain dosen’t. I am very encouraged by the gang of ten and the legislation that was worked out by true compromise. Both Johnny Isakson and Saxby Chamblis showed true guts and the willingness to get an energy bill passed. As a Georgia resident I was proud that two representatives from my state took part. While I am an Obama supporter, I am not, nor have ever been opposed to drilling for oil. I just simply don’t think that the amount of barrels produced will make much of a difference on the global market. By agreeing to compromise, renewable’s will finally get a true chance to grow and make a difference. While not wanting to get ahead of the process I think ANWAR could be used in the same way. If the profits from oil fuel the bridge to a cleaner energy future, the US citizen can live with that. Off shore drilling exploration as an inventory is a great idea. Cherry picking proven oil reserves to build a bridge to fund clean renewable’s seems smart. I encourage congress to get even more agressive with conservation, solar, wind, geothermal etc. If it takes oil leases to get us there, so be it.
By Ga Values
September 5, 2008 2:25 PM | Link to this
Wonder which SPECIAL INTEREST group is paying Saxby off? He is sure working against McCain & Palin on this. Chambliss has never been a Republican always a RINO.
By Ga Values
September 5, 2008 2:32 PM | Link to this
KevinA
WOW answered my own question.. Most of Saxby’s $84 Billion tax on oil is going to ETHANOL. Saxby’s Son Bo is a paid lobbyist for the Chicago Merc. Exchange. Wonder how this happened, just an accident I’m sure. McCain is opposed to ANY corn based ETHANOL subsidy, Saxby is opposed to McCain & Palin. I understand why you are for Obama & Chambliss.
By Saxby might be in the pocket of a special interest
September 5, 2008 2:50 PM | Link to this
But he doesn’t like to shoot wolves out helicopters like Sarah Palin does.
By More Talking Points
September 5, 2008 4:33 PM | Link to this
Republicans: Community Organizer blahblahblah Higher Taxes! blahblahblahblah Free Market! blahblahblah! Change!
Democrats: Change blahblahblahblah Hope blahblahblahblah Universal Health Insurance blablahblah
Sarah Palin Likes To Shoot Wolves From Helicopters.
By Lee
September 5, 2008 7:14 PM | Link to this
Drill, schmill. The great silence is this whole debacle is shale oil. You know, those BILLIONS of barrels of oil sitting out there under federal land in Colorodo and Utah.
The economics is this: it will supposedly cost $60/bbl to extract this shale oil. When the world market was selling at $35/bbl, there was little incentive to push for oil that costs almost double what you can buy it on the open market. Now, with crude price over $100/bbl, it makes sense.
Start extracting shale oil and watch the Arab shieks s** themselves.
By Aaron Burr V. Mexico
September 5, 2008 7:38 PM | Link to this
Why look! Its Morph/Wackoliberalhack stealing names again.
Go ahead an steal my name more Morph.
Won’t stop me from calling Redumblicans the sociopathic drones that they are.
And I agree.
Palin likes to shoot wolves from helicopters.
Morph likes to shoot wolves from helicopters.
By Aaron Burr V. Mexico
September 5, 2008 7:44 PM | Link to this
I have proof that wacko’s on the right try to mess with Democrats. Take a look at this video from a Kove seminar:
www.youtube.com/watch?v=sVeFVtcdSYY
By Aaron Burr V. Mexico
September 5, 2008 7:58 PM | Link to this
Why look….its Mary Morph. Trying to convince morons to randomly click a youtube link without googling it first.
Why look. Its about the guy that says Obama is gay.
Morph, clearly, is repressing secret feelings of a secret nature in a similar fashion to Larry Craig.
Oh, and because my name is up for grabs, anyone who uses my name is Gay.
See I’m not afraid of Gay. I am not gay, except when I am. Gee do I seem schizophrenic?
At least I have a name.
Morph likes to shoot wolves from helicopters.
By BobinAtl
September 5, 2008 8:20 PM | Link to this
Obama may or may not be gay. If he is, we Democrats will still support him. What if he has had to live a life of misery pretending just to keep his family together.. He deserves to be president gay of not. GoBama! Gaybama!
By Christian Craig
September 5, 2008 9:48 PM | Link to this
Sarah says abortion is o.k. if the woman’s life is at risk, that ain’t God’s will, she ain’t a prophet, she ain’t a true God-fearin’ Christian soldier.
By Rick Hudswroth
September 5, 2008 10:26 PM | Link to this
Obama is gay and the gay population can put him over the top. You Democrats need to be careful, because the alternative-life-style voter is one you need. Be careful how you attack Larry Sinclair. Why can’t we all get along and live in peace?
By Alternative Voter
September 5, 2008 11:11 PM | Link to this
Er…last time I checked, Democrats wouldn’t honestly care if Obama is Gay.
Democrats, last time I checked, did not solicit sex in airport bathrooms.
That’s what Gay bars are for.
Sarah Palin does not believe in abortion for rape. She believes that life begins at conception…which means that you’d better not take Birth Control ladies, cause according to the Federal Government, Birth Control is abortion. Think I’m wrong?
Google it.
Sarah Palin likes to shoot wolves in Helicopters. She’s a Hockey Mask Mom.
By Proud Democrat
September 5, 2008 11:22 PM | Link to this
Oh and something else non sentient liars….
None of the democrats I know are cowering in their boots about Hockey Mask Mom.
We’re not running any more.
We’ve learned how to speak Thousand Points of Light pencil necks.
And we can speak it very well…and unlike you, we can speak it and still actually BELIEVE in something instead of talking to a focus group to determine what it is that we’re supposed to say we believe to liven up the base.
Wolves in Helicopters indeed.
By Starlight
September 5, 2008 11:51 PM | Link to this
Stop with the Obama gay bashing. I am sick of it. So what if he is gay. It is between him his wife and kids. No one else!!!!!!!!!!!!
By Agreed
September 6, 2008 12:20 AM | Link to this
And for the record….Michelle Obama sure doesn’t ACT like he’s Gay.
At worst he’s Bi.
As compared to Palin…..
What? I’m not implying ANYTHING about her.
Except that she likes to shoot wolves from helicopters.
By RainbowUnicorn
September 6, 2008 12:35 AM | Link to this
Palin likes to shoot wolves, that is cruel. Obama likes to “smoke” over the polls. Who cares.
By People
September 6, 2008 12:57 AM | Link to this
People who are people…are the luckiest people in the world….
As compared to people who think it is OK to shoot wolves from a HELICOPTER and let them suffer in agony for hours so they can have more moose.
Obama quit smoking.
Last time I checked, Palin hasn’t quit being a Hockey Mask Mom
(Aren’t people who are cruel to animals budding serial killers?)
By sparklemoonbeam
September 6, 2008 2:58 AM | Link to this
Check this poaching video out. Palin is a murderer!!!! I cannot stand poachers.
www.youtube.com/watch?v=sVeFVtcdSYY
By Unicornmarybeth
September 6, 2008 3:54 AM | Link to this
Yeah, well at least Obama stopped smokin; polls. How do you like that , yo?
By Churchill
September 6, 2008 6:07 AM | Link to this
I agree with Rush. Palin is a bad mother & will be a worse VP.
By Churchill
September 6, 2008 6:20 AM | Link to this
I know LOTS of Black GAYS & OBAMA IS definately NOT Gay. TRUST ME ON THIS ONE I KNOW.
By Aaron Burr V. Morph
September 6, 2008 10:41 AM | Link to this
I’m gay too and I think Obama isn’t gay either.
Oh and by the way, Morph IS gay and loves to watch Larry Craig and….do things…while thinking about Bush and Larry Craig and Obama.
PS: Palin isn’t a poacher, she’s a Hockey Mask Mom. Its kinda hard to poach when you’re the governor. She’s just a budding serial killer who likes to shoot wolves from helicopters.
Who will be a heart beat away from access to Nuclear weapons.
By The Real Aaron Burr V. Mexico
September 6, 2008 1:06 PM | Link to this
You want to watch this video about how cool Obama is.
http://www.youtube.com/watch?v=iGPFPBmzRrQ
By Churchill
September 6, 2008 1:27 PM | Link to this
Aaron Burr V. Mexico
I’m not really gay, I just like men every now & then when the Ms can’t do what I want. Maybe we should get together.
By Morph
September 6, 2008 1:57 PM | Link to this
Actually Morph, since I’m pretty sure you’re female, I imagine you do like men every once in a while.
Sarah Palin shoots wolves from helicopters.
By Sarah Cooter4brains
September 6, 2008 2:02 PM | Link to this
God told me to shoot wolves to control there population, he told me he believes in aborting animals and the death penalty is o.k. for bad people as long as there not white, I meant Christian.
By Churchill
September 6, 2008 4:13 PM | Link to this
Maybe Palin could help Clayton county. She has experience with rednecks, drunk drivers, morally loose teenagers. Yep, she might fit right in.
By Copyleft
September 6, 2008 6:35 PM | Link to this
I do not care if Obama is gay. He is going to bring Change and Hope.
By The Way
September 6, 2008 9:14 PM | Link to this
A: Sarah Palin, her daughter Bristol, and John McCain.
Q: Name two hockey moms and a puck.
Cnn just reported that the Sarah Palin baby that was presented as her newborn was a substitute baby for the cameras. The real baby just didn’t look conservative enough.
bwa haw
That joke went over most of your heads, but for those with half a brain, you’re welcome.
Remember, the world is divided into the haves and the half-wits.
Which one R U?
They way to energy independence is a perpetual motion machine, which despite newton’s laws, is NOT impossible. I’ve figured it out.
Bidding starts at one quint-quadrillion dollars.