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<blockquote data-quote="brett636" data-source="post: 345613" data-attributes="member: 249"><p>The oil companies operate on a worldwide basis, but I do agree with you that any and all oil we pump from our soil should stay within our economy. </p><p> </p><p>Even a broken clock is right twice a day, and this is the second time in your post that you are partially correct. Refining capacity is a major issue as a new refinery has not been built since 1976. Existing refineries are being limited by government regulations, as well as aging equipment. The problem here is that environmental wackos has made it too expensive and difficult to build a new refinery in this country. We need refineries to be built on the coast line in order to be able to accept oil shipments, and as soon as it is announced that one might be built environmental wackos in groups like the sierra club, and green peace take the oil companies to court and keep it there for years. </p><p> </p><p>Fact: Oil was trading at $58 a barrel when the democrats took over Congress. This was 6 years into the Bush presidency. Now if your going to find a political target to paint the blame on for this mess the blame lies squarely on the shoulders of the democrats who have paralyzed Congress since they took over. In fact I went fulltime in Nov. of 2006, and on my route was a gas station selling gas for $1.83 a gallon. Today I cannot find a station for less than $3.95.</p><p> </p><p>See above for response.</p><p> </p><p>From <a href="http://en.wikipedia.org/wiki/Arctic_Refuge_drilling_controversy" target="_blank">wikipedia</a> "In December 2000, a Coast Guard report charged <a href="http://en.wikipedia.org/wiki/Alyeska_Pipeline_Service_Company" target="_blank">Alyeska</a> with repeated safety violations at a Valdez terminal, causing prices to jump again. The administration of U.S. President <a href="http://en.wikipedia.org/wiki/George_W._Bush" target="_blank">George W. Bush</a> pushed to perform exploratory drilling for <a href="http://en.wikipedia.org/wiki/Crude_oil" target="_blank">oil</a> and <a href="http://en.wikipedia.org/wiki/Natural_gas" target="_blank">gas</a> in and around the refuge. The <a href="http://en.wikipedia.org/wiki/United_States_House_of_Representatives" target="_blank">House of Representatives</a> voted in mid-2000 to allow drilling. In April 2002, the <a href="http://en.wikipedia.org/wiki/United_States_Senate" target="_blank">Senate</a> rejected it."</p><p> </p><p>The house did vote to drill in 2000, but bush was not president so they waited until 2002 and the Senate rejected it. Bush never got to sign the legislation. </p><p> </p><p></p><p></p><p>Perhaps it is you sir who needs to listen, learn, and act. Venezuela oil production has dropped since the government took over the oil industry there. The fact remains that without a drive for profit there is no incentive to find new reserves of oil, or to come up with new technologies to help extract oil from more exotic sources or to lower the cost of extracting current reserves. Without a drive for profit there is no incentive to do what is necessary to react to the rising cost of oil that we are seeing today. Currently oil companies are not allowed to drill right off our coastline, and as of now Cuba working with China is drilling right off the Florida coastline. Environ<strong>mental</strong> wackos are not the whole problem, but they make up the lions share. We need to ignore the mental midgets and do what is best for our economy as a whole.</p></blockquote><p></p>
[QUOTE="brett636, post: 345613, member: 249"] The oil companies operate on a worldwide basis, but I do agree with you that any and all oil we pump from our soil should stay within our economy. Even a broken clock is right twice a day, and this is the second time in your post that you are partially correct. Refining capacity is a major issue as a new refinery has not been built since 1976. Existing refineries are being limited by government regulations, as well as aging equipment. The problem here is that environmental wackos has made it too expensive and difficult to build a new refinery in this country. We need refineries to be built on the coast line in order to be able to accept oil shipments, and as soon as it is announced that one might be built environmental wackos in groups like the sierra club, and green peace take the oil companies to court and keep it there for years. Fact: Oil was trading at $58 a barrel when the democrats took over Congress. This was 6 years into the Bush presidency. Now if your going to find a political target to paint the blame on for this mess the blame lies squarely on the shoulders of the democrats who have paralyzed Congress since they took over. In fact I went fulltime in Nov. of 2006, and on my route was a gas station selling gas for $1.83 a gallon. Today I cannot find a station for less than $3.95. See above for response. From [URL="http://en.wikipedia.org/wiki/Arctic_Refuge_drilling_controversy"]wikipedia[/URL] "In December 2000, a Coast Guard report charged [URL="http://en.wikipedia.org/wiki/Alyeska_Pipeline_Service_Company"]Alyeska[/URL] with repeated safety violations at a Valdez terminal, causing prices to jump again. The administration of U.S. President [URL="http://en.wikipedia.org/wiki/George_W._Bush"]George W. Bush[/URL] pushed to perform exploratory drilling for [URL="http://en.wikipedia.org/wiki/Crude_oil"]oil[/URL] and [URL="http://en.wikipedia.org/wiki/Natural_gas"]gas[/URL] in and around the refuge. The [URL="http://en.wikipedia.org/wiki/United_States_House_of_Representatives"]House of Representatives[/URL] voted in mid-2000 to allow drilling. In April 2002, the [URL="http://en.wikipedia.org/wiki/United_States_Senate"]Senate[/URL] rejected it." The house did vote to drill in 2000, but bush was not president so they waited until 2002 and the Senate rejected it. Bush never got to sign the legislation. Perhaps it is you sir who needs to listen, learn, and act. Venezuela oil production has dropped since the government took over the oil industry there. The fact remains that without a drive for profit there is no incentive to find new reserves of oil, or to come up with new technologies to help extract oil from more exotic sources or to lower the cost of extracting current reserves. Without a drive for profit there is no incentive to do what is necessary to react to the rising cost of oil that we are seeing today. Currently oil companies are not allowed to drill right off our coastline, and as of now Cuba working with China is drilling right off the Florida coastline. Environ[B]mental[/B] wackos are not the whole problem, but they make up the lions share. We need to ignore the mental midgets and do what is best for our economy as a whole. [/QUOTE]
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