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Bush calls to end ban on off shore drilling.

Discussion in 'U.S. Politics' started by Andy, Jun 19, 2008.

  1. Andy

    Andy Well-Known Member

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  2. Pandora

    Pandora Well-Known Member

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    Yeah, that was a nice thing to hear. Now let's see if that pathetic group they call a congress will help or hurt the situation.
     
  3. XCALIDEM

    XCALIDEM Active Member

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    Bush is working really hard to help his oil buddies. It's not enough to have Mobil making billions of dollars and to have all the american people paying almost $ 5.00 a gallon. :mad: This guy is the stupidist person that I've ever known.
    I wonder how much will his buddies pay him under the table after he leaves the office.:mad:
     
  4. Popeye

    Popeye Active Member

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    Bush and McCain know this pandering BS is going absolutely nowhere in a Democratic Congress. Heck, even Arnold, down in Ca., came out today and said he opposes offshore drilling.

    BTW, last quarter Exxon listed the highest quarterly profits in U.S. corporate history ($11.66 billion), as well as record-high annual profits of $40.66 billion in 2007.
     
  5. BigRob

    BigRob Well-Known Member

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    Upping the supply typically lowers the price Mr. Economics. (Depending on demand of course) That said, if supply remains constant and demand continues to increase the price will go up. If we drill and demand continues to increase the price will still go up, maybe just a bit more slowly. At least he is making an effort, added to this is the fact that this drilling will create American jobs.

    Mobil is making billions of dollars because demand has rocketed up and supply has remained steady, not because they are somehow intentionally "raping" the American public for money.
     
  6. BigRob

    BigRob Well-Known Member

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    Arnold came out and said that because his state opposes it for the most part, because California is full of environmentalists. He is sticking up for his state as he should.

    That said, these people who worry that this drilling is going to mess up the coastline are bogus. Off shore drilling has been going on in the Gulf of Mexico for years with no problems. And those in Florida ignore the Chinese companies drilling 20 miles off their shore off the coast of Cuba.
     
  7. Pandora

    Pandora Well-Known Member

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    And the Federal Government is RAPING us for 10 times that amount for doing nothing, absolutely nothing. They don’t drill it, they don’t pay employees, and they don’t refine it. They do nothing.

    The oil companies make 6-9 percent profit on each gallon of gas, how much profit should they be allowed to make per gallon?

    If you want a socialist country to live in, where mommy government runs your life and every business out there, just look around there are many to pick from.


    What do you call a group of people who complain that we do business with Saudi Arabia by buying their oil?

    And then that same group complains that the cost of the oil we buy from Saudi Arabia is too high?

    But that same group complains again at the thought of us drilling our own oil on our own land, when we have more of it than Saudi Arabia?


    A. Democrat

    B Insane

    C constant complainer

    D All of the above
     
  8. BigRob

    BigRob Well-Known Member

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    Exxon also paid over $30 Billion in taxes in 2007 to a government that did a grand total of nothing to drill, refine, ship, or in anyway helped bring any gas to the consumer.
     
  9. Pandora

    Pandora Well-Known Member

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    Ah thank you Rob, I was looking for those numbers and got tired of searchin, For me the internet is like in a good will store, I can never find what I am looking for but the people around me always do.
     
  10. Popeye

    Popeye Active Member

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    Yeah poor little Exxon Mobil, the largest private oil company in the world. In 2007 they only made a paltry $1252 a second or $111 million a day.

    I admit it must be rough to keep a company afloat on such meager returns. Maybe if Exxon reined in the money they've been paying to AGW deniers they might be in better shape. Face it, Exxon Mobil stands for one thing...greed. Excuse me, two things...greed and pollution.
     
  11. Pandora

    Pandora Well-Known Member

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    Greed?

    I think the people who expect them to pay thier way would be the greedy ones. THEY ARE SUPPORTING YOU and ME WITH AN UNFAIR TAX BURDON.

    Pollution?

    They sell it to YOU and to ME, it is YOU and ME who make the pollution.
     
  12. BigRob

    BigRob Well-Known Member

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    I was unaware we punished business for being successful in this country. Want some of their profits, buy there stock, I did.
     
  13. Popeye

    Popeye Active Member

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    Considering Exxon earned some $40 billion last year and made record profits just last quarter, it would be interesting to have you explain just how you can call any amount of tax Exxon pays a "burden"

    Ok, Exxon is successful, but just as you claim they shouldn't be punished, they also shouldn't be handed the keys to the country to drill, rape and spread their deadly poisonous ways. Believe it or not, drilling causes environmental damage. I ask you again...is there no place that is off limits to big oil?
     
  14. BigRob

    BigRob Well-Known Member

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    What burden did the government take? Did they fund exploration or research and development? They still felt the need to take $30 Billion dollars. Exxon does not control the price of gas either. While Exxon is not going to go bankrupt, they are taking loads of unfair attacks in my view.


    No one is saying hand them the keys to the world. The debate over ANWR centers on an area that no one visits, and further would leave 99.9% of ANWR untouched. I do not see the harm in created US jobs to drill there.

    With gas prices being what they are choices are going to have to be made. Do people value an artic tundra they will never see and that 99.9% of will not be effected over US jobs and a potential decrease in the price of gasoline?

    And in my own personal opinion, I think that oil, when it becomes economically viable to drill, should be drilled. I think the trade off between small amounts of damage to the environment and our need for oil is acceptable, obviously I assume you would disagree on this issue.
     
  15. Dr.Who

    Dr.Who Well-Known Member

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    Judging people based on pure speculation, prejudice, and hate is not an admirable quality.
     
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