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Old 12-19-2009, 06:11 AM
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Default Doing Nothing is Not a Solution (oil prices in 2010)

By Jane Van Ryan at Energy Tomorrow: Doing Nothing is Not a Solution - Energy Tomorrow Blog

Quote:
As we approach the end of year, it's time to take stock of 2009 and pause long enough in our holiday preparations to look forward to 2010. While none of us can predict the future--my snow globe doesn't double as a crystal ball--there are three organizations that have made projections of oil demand in the coming year.

The Energy Information Administration (EIA), a division of the U.S. Department of Energy, projects that oil demand will rise by 1.1 million barrels a day in 2010.

The Organization of Oil Exporting Countries (OPEC) similarly predicts that demand will increase 0.8 million barrels a day.

The International Energy Agency (IEA) has stated that world oil demand will rise by 1.5 million barrels a day to a total of 86.3 million barrels a day.

These forecasts paint a hopeful prognosis for the economy, but also they foreshadow a potential problem for the United States. Rising oil demand could strain the worldwide existing capacity to produce oil, and that could put upward pressure on price. So, what has the United States done to prepare for such an eventuality?

Nothing.

The best way to meet this challenge is to produce more domestic oil and natural gas. Instead, this administration has embarked on a pattern of delay which has prevented several scheduled energy developments to move forward.

In February, Interior Secretary Salazar extended the comment period on the 2010-2015 five-year offshore leasing plan by six months and has not taken any additional action.

Likewise, the administration has failed to make progress on Lease Sale 220 in offshore Virginia scheduled for 2011. It's estimated that the Sale 220 area could contain 1.14 trillion cubic feet of natural gas and 130 million barrels of oil.

Sec. Salazar cancelled oil and natural gas leases on 77 parcels of federal lands in Utah, then announced that 60 of them would be removed from development--eight permanently and 52 indefinitely.

The administration's fiscal 2010 budget contains at least $80 billion in tax increases on the U.S. oil and natural gas industry. These increases will depress investment in new domestic oil and natural gas projects, weakening the nation's energy security and doing nothing to defray the impact of higher world oil energy prices on America.

Delays and actions that discourage domestic oil and natural gas production are not the answer. It's time to encourage domestic oil and natural gas production to benefit all Americans by raising supply levels, creating well-paying jobs, and improving the nation's energy security.
[Bolding mine]

h/t to Redstate.com Remember $4.00 per Gallon Gasoline? Just Wait. - Vladimir’s blog - RedState

I hope people will remember Sarah Palin when they are paying $4.00+ for gasoline. Even worse will be trying to afford heating oil for our homes.

This country should be self-sufficient, and the only way to do that is to drill domestically.
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Old 12-19-2009, 07:51 PM
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This country should be self-sufficient, and the only way to do that is to drill domestically.
More than ever, I have to agree. I'm also looking differently at the thought of nuclear power these days, as well.... If they could only make it safer.
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Old 12-19-2009, 08:43 PM
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Ezzie, nuclear power is the cleanest source of power we have. Safe? Yes - if the power companies are able to hire those they want, based on intelligence and skill. Unfortunately, due to government standards, they have to abide by the psychological standards tests. The one I took was ridiculous. It asked if I liked seeing a woman with long legs. I am not kidding. There were several that were not worthy of response. I told my employer that there were several questions that were so ridiculous that I was going to blow them off, and I was told that I had to answer each one. We had to take the test because our company had government contracts.

80% of the power plants in France are nuclear. They are cleaner and are actually quite safe. France has extremely high standards for its work force when it comes to its nuclear plants. This country does too, but some states' legislatures require that only union workers be hired, and that is where the quality of work plummets.

Nuclear power is cleanest, but since the 1970s greenie activists have managed to block all attempts to make this country self-sufficient in terms of energy production. I want our country to become self-sufficient again.
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Old 12-19-2009, 08:56 PM
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80% of the power plants in France are nuclear. They are cleaner and are actually quite safe. France has extremely high standards for its work force when it comes to its nuclear plants. This country does too, but some states' legislatures require that only union workers be hired, and that is where the quality of work plummets.

Nuclear power is cleanest, but since the 1970s greenie activists have managed to block all attempts to make this country self-sufficient in terms of energy production. I want our country to become self-sufficient again.
I saw that about France. 80% and no problems that I've heard of anyway. That's pretty damn good. Give us our own oil as well, we could take very good care of ourselves. I'm ready to take both options.

Unions have gone down in my eyes since this last election, this after being in a union and supporting them for so many years.
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