Obama Administration Forces Abandonment Of 27 Billion Barrels Of USA Produced Oil

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boomerang

Lifer
Jun 19, 2000
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I'm hoping the President assigns a commission to study this.
His lackey, Holder, is all over this...

http://www.maritime-executive.com/a...raud-working-group-to-focus-on-energy-markets

The last sentence...

The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.

We're all gonna get a check courtesy of the evil rich! Yah baby, redistribute that wealth!
 

soundforbjt

Lifer
Feb 15, 2002
17,788
6,040
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"Opponents have cited potential impacts on wildlife as well as the difficulty of managing any oil spill that occurred in the region."

That ought to be the chief concern right there. It was hard/impossible enough having the Deepwater Horizon debacle in a location easy to at least deliver material and manpower to. WTF is the plan for a similar type event all the way up there in BFE?

"Trust Us" is not an acceptable answer.

Chuck

This^^^
 

GuitarDaddy

Lifer
Nov 9, 2004
11,465
1
0
Wow! Another lets make shit up and bash the Kenyan president circle jerk! If we could just invent a car that runs on hot air, you guys could power the nation for decades.
 

Udgnim

Diamond Member
Apr 16, 2008
3,665
112
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meh save it for when the world is actually running out of oil to setup the story to Fallout
 
May 11, 2008
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The EPA is the national regulatory agency which issues these permits, and its members are appointed by Obama (or, at least, his administration).

Oh yes, i fully understand that. 4 people with the power to vote yes or no. But how do these people work ? Do they personally do the research ? Or do they just make decisions ? Because i know enough of life to know that everybody has 2 agenda's. And some become greedy in a position of power because they think they can no longer be touched. I still wonder if the reason is really an air permit because of air pollution or that there is an air permit because of the planning of driving shell out and let halliburton or another company drill for oil while shell has done the billion dollar research. It stinks. Again this has nothing to do with being a democrat IMHO. Shell has been doing research for 5 years and is ready to drill and now EPA decides that the air will pollute. I find it difficult to believe that 5 years ago it was not know that air pollution would happen when there is a lot of drilling experience.

Lobbyists, they get things done and fill the politicians pocket with cash.
 

CycloWizard

Lifer
Sep 10, 2001
12,348
1
81
Oh yes, i fully understand that. 4 people with the power to vote yes or no. But how do these people work ? Do they personally do the research ? Or do they just make decisions ? Because i know enough of life to know that everybody has 2 agenda's. And some become greedy in a position of power because they think they can no longer be touched. I still wonder if the reason is really an air permit because of air pollution or that there is an air permit because of the planning of driving shell out and let halliburton or another company drill for oil while shell has done the billion dollar research. It stinks. Again this has nothing to do with being a democrat IMHO. Shell has been doing research for 5 years and is ready to drill and now EPA decides that the air will pollute. I find it difficult to believe that 5 years ago it was not know that air pollution would happen when there is a lot of drilling experience.

Lobbyists, they get things done and fill the politicians pocket with cash.
Agreed. I was just making sure the relationship between the EPA and the case were clear.
 

dainthomas

Lifer
Dec 7, 2004
14,634
3,506
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Kadarin

Lifer
Nov 23, 2001
44,296
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I'm totally in favor of offshore drilling, but the companies that do so MUST have realistic and demonstrable plans to deal with deepwater spills. BP clearly demonstrated that they did not have a plan at all.
 
May 11, 2008
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I'm totally in favor of offshore drilling, but the companies that do so MUST have realistic and demonstrable plans to deal with deepwater spills. BP clearly demonstrated that they did not have a plan at all.

This i agree upon. Ice is incredibly strong, it would easily damage a drilling platform. The question is how worse can it get.
 

wuliheron

Diamond Member
Feb 8, 2011
3,536
0
0
Wow! Another lets make shit up and bash the Kenyan president circle jerk! If we could just invent a car that runs on hot air, you guys could power the nation for decades.


There are cars that run on hot air. Unfortunately these guys can't even keep it up much less create enough hot air to boil a kettle full of water. That's why they hang out here with the likes of A420 and ramble like brain damaged drug addicts. Some genius should figure out a way to keep them all together and busy online so at least they aren't completely worthless.
 
May 11, 2008
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Agreed. I was just making sure the relationship between the EPA and the case were clear.

Good. Because under republican reign, it was pretty obvious that companies can get things done just by asking Rumsfeld, Cheney or Bush jr and Bush sr for deregulation or regulation(to create an unfair position for the company). Not writing that Democrats would never do such a thing. Just to create a proper picture. Lobbyists do this all the time. That is what they do.

On the other hand, these 4 EPA people ( i looked them up) are not the kind of people who do the research. They just get a report from some research comity where the conclusion states "ship of shell = fail therefore entire drilling action = fail". And then they decide based on that report.
 

JS80

Lifer
Oct 24, 2005
26,271
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It depends on the contract. If a clause is present that the government is able to block the drill for oil if the environment will be destroyed. And without repaying the 2.2 billion dollars can continue the block. You still have to make sure that at the time that you actually can drill, the politicians are still your friend. I can assure you that if shell will not be allowed to drill, an US based company will a few years later be allowed to drill. Blame it on the EPA and environment hippies while in reality it is all about ensuring that more of those oil dollars end up in someones pocket...That is how it seems to me. Being democrat has nothing to do with being honest. Those people who are against it because of the air permit. Please do a little research if they have any affinity with a US based oil drilling company. I would not be surprised if this is purely about money and not politic views.

lol you are not that naive. Look at who sits on the EPA board. But go ahead, continue to cover your ears with your hands and yell la la la la la.
 
May 11, 2008
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lol you are not that naive. Look at who sits on the EPA board. But go ahead, continue to cover your ears with your hands and yell la la la la la.

Well, can you reveal something to me ?
I am hoping you are going to give me a bit more information. As you can read, my eyes are wide open while i cover my ears with my hands and yell lalalalalala.:hmm:
 

classy

Lifer
Oct 12, 1999
15,219
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When it comes to oil its laughable. Here is the raw truth. The American companies charge us the same amount for a barrel oil that the Mideast cronies do. So it really is of no benefit to destroy Alaska or drill anywhere else in America, because we will not see one penny of savings. At least Alaska will still be clean. Fuck the American oil companies, they are the biggest racketeers in the country.
 

Darwin333

Lifer
Dec 11, 2006
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It is strange that there is no agreement prior to setting up drill station or what ever research they do.
If you are going to invest 4b dollars, you would make sure you have agreements with the local politics.
What i do find interesting is the notion that if the US does not benefit from it, it will not be done. I mean who uses the most oil ?

I would imagine that the $2.2 billion dollar lease, paid to .gov I am sure, had an agreement to extract minerals attached to it.
 
May 11, 2008
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I would imagine that the $2.2 billion dollar lease, paid to .gov I am sure, had an agreement to extract minerals attached to it.

Then perhaps, Shell will get the 2.2 billion dollars back with inflation correction.
I think Shell would make a lot of profit anyway even after a loss of 2.2 billion dollars if they where allowed to drill.
 

Patranus

Diamond Member
Apr 15, 2007
9,280
0
0
When it comes to oil its laughable. Here is the raw truth. The American companies charge us the same amount for a barrel oil that the Mideast cronies do. So it really is of no benefit to destroy Alaska or drill anywhere else in America, because we will not see one penny of savings. At least Alaska will still be clean. Fuck the American oil companies, they are the biggest racketeers in the country.

LOL - So when supply goes up you are saying that prices won't go down?
Laughable.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
I'm totally in favor of offshore drilling, but the companies that do so MUST have realistic and demonstrable plans to deal with deepwater spills. BP clearly demonstrated that they did not have a plan at all.
I'd also like to see escrow accounts set up to handle the reasonable costs of handling a major spill, so that on Day Two of a spill government seizes the escrow account, takes over, and contracts the clean-up to, say, Halliburton or the like at cost-plus with the escrow money. Keeps out those who cannot afford to pay for the clean-up and eliminates both the waiting period where the company tries the cheaper but less likely to succeed stuff at first. As it stands, it's far cheaper for an oil company to buy politicians and shift the burden onto the taxpayer than to clean up a spill.

Gotta admit though, the BP Gulf spill was major over-played. Most of the BP trust fund has not been used, and as Darwin said the economic damage of the spill has been less than the economic damage of the moratorium.
 
May 11, 2008
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LOL - So when supply goes up you are saying that prices won't go down?
Laughable.

Not really. Oil is a commodity that can be traded. Thus the price is not dictated by the supply alone, but primarily because of the commodity traders such as happens at wall street. It can go far enough to stall delivery of oil for whatever reason just to increase the price while trading. And of course crude oil is no gasoline. Many processes must happen before it can droplet down in the tank of your car.
 
May 11, 2008
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I'd also like to see escrow accounts set up to handle the reasonable costs of handling a major spill, so that on Day Two of a spill government seizes the escrow account, takes over, and contracts the clean-up to, say, Halliburton or the like at cost-plus with the escrow money. Keeps out those who cannot afford to pay for the clean-up and eliminates both the waiting period where the company tries the cheaper but less likely to succeed stuff at first. As it stands, it's far cheaper for an oil company to buy politicians and shift the burden onto the taxpayer than to clean up a spill.

Gotta admit though, the BP Gulf spill was major over-played. Most of the BP trust fund has not been used, and as Darwin said the economic damage of the spill has been less than the economic damage of the moratorium.

Is cost plus not a very dangerous system that should only be used by integer people ?
 
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