[TrueKaiser]

please refrain from all caps posting..

[Guest]

OK, SORRY ABOUT THAT....LOL

[frankthetank]

link
Less oil then originally thought?

$this->bbcode_second_pass_quote('', 'C')onoco deals ANWR drilling a blow By Lisa Sanders, CBS.MarketWatch.com Last Update: 3:08 PM ET 5 Jan 2005
DALLAS (CBS.MW) -- ConocoPhillips' decision to bow out of a lobbying group focused on opening up the Arctic National Wildlife Refuge to drilling means that two of the largest operators on Alaska's North Slope are no longer actively advocating exploration in the refuge.
A ConocoPhillips (COP: news, chart, profile) spokeswoman said the company recently chose not to renew its membership in the Arctic Power lobbying group. It has instead decided to focus attention on development of a massive gas pipeline in Alaska and on other fields in the North Slope.

"Since ANWR is currently closed to development, we feel that any resolution or pledge on our part would be moot," the spokeswoman said.
According to a press release from the environmental organization U.S. Public Interest Research Group and Green Century Capital Management, London-based BP (BP: news, chart, profile) (UK:BP: news, chart, profile) dropped out of the Arctic Power lobbying group in November 2002.
'Since ANWR is currently closed to development, we feel that any resolution or pledge on our part would be moot.'

ConocoPhillips representative: "We hope that ConocoPhillips' decision to drop out of Arctic Power will demonstrate to members of Congress that even the oil companies aren't interested in drilling in the Arctic Refuge," Athan Manuel, director of the U.S. PIRG's Arctic-wilderness efforts said.
Congress is expected to debate the issue of drilling in the refuge early this year.
'ConocoPhillips clearly recognized that drilling in the Refuge would be risky business, and that participating in Arctic Power's pro-drilling efforts was not ultimately in the company's best interests.'

Michael Leone, Green Century Capital Management: A report from the United States Geological Survey estimates that potential ANWR oil supplies range from 15.6 billion to 42.3 billion barrels. But the agency also said it believes only 37 percent of these resources are "technically recoverable," leaving only 10.4 billion barrels, or 1.4 million barrels a day, that could "technically" be brought out of the ground. The daily figure represents about 7 percent of what the United States now burns each day. See archived story.

U.S. PIRG applauded Houston-based ConocoPhillips for heeding the wishes of shareholders. As a result of the company's decision, Green Century Capital Management withdrew a shareholder resolution over drilling in the Arctic refuge.
"ConocoPhillips clearly recognized that drilling in the Refuge would be risky business, and that participating in Arctic Power's pro-drilling efforts was not ultimately in the company's best interests," said Green Century's Michael Leone, in a statement.
Around 9 percent of ConocoPhillips shareholders backed a similar resolution from Green Century in May 2004.

U.S. PIRG has also targeted Exxon Mobil Corp. (XOM: news, chart, profile) and ChevronTexaco (CVX: news, chart, profile). Both companies, via shareholder resolutions to be voted on at annual meetings this year, have been asked to report on the risks of operating in areas opponents deem as "sensitive," including ANWR.
A ChevronTexaco spokesman said the company has not been a member of Arctic Power since 2000.
"ChevronTexaco strongly supports continued, environmentally responsible resource development on Alaska's North Slope, including advancing the Alaska Gas Pipeline project," the spokesman said.
Exxon Mobil was not immediately available for comment following the ConocoPhillips announcement.

[MonteQuest]

Conoco deals ANWR drilling a blow
$this->bbcode_second_pass_quote('', 'D')ALLAS -- ConocoPhillips' decision to bow out of a lobbying group focused on opening up the Arctic National Wildlife Refuge to drilling means that two of the largest operators on Alaska's North Slope are no longer actively advocating exploration in the refuge.

[holmes]

and the free republic types still believe its the commie tree huggers that are "keeping" anwr from them and their machines. talk about spoiled rotten. Them free republic types never seem to pick a fight with the big boys and the real culprits. LOL. the tree huggers. whata threat.
Ive always known there wasnt much. Maybe good when US population was 40 million.

Both ecosystems at the poles are on their way out.

[BabyPeanut]

I don't think we've seen the end of ANWR oil yet. I think it's just going back on the shelf for now and once shortages make it more attractive it will become an issue again. By then Global Warming will have made the oil easier to get anyway.

[frankthetank]

Actually I would think melting up there would make it hard? Doesnt the permafrost make it easier to drive on? I've never been there, so maybe i'm wrong I do still believe they will drill, but i think its a push by the AK government and not so much by oil companies. It seems that AK GOv is addicted to the crack, i mean oil, money and they don't want to give it up.

It'll be interesting to see what happens to their 20billion dollar oil fund in 10 years....

[hoplite]

According to Wall Street Journal Senior Editor Kimberly Strassel; if ANWR went into full production it could provide the same production that Saudi provides us now "for 20-30 years" (!) Where did this dumb cun't get her information?
(TIVO today's public televison show "The wall Street Street Journal Report".
They shoveled so much horseshyt on todays show about alternative energy I could smell it from California!
Absolutely no mention of "peak oil"

[marek]

The USGS 1999 mean estimate is 6.0 Gb. If we assumed a Saudi production level of 8.0 mb/d, that would mean 2.92 Gb/y, so ANWR producing at a Saudi rate would run out in two years. Of course, this is not technically feasible. According to the EIA, the ANWR level of production would reach 0.8 mb/d a decade after it came on-line assuming reserves at 10 Gb. Maybe the WSJ editor forgot the decimal point

[holmes]

$this->bbcode_second_pass_quote('Raphael', '[')b]Holmes wrote: and the free republic types still believe its the commie tree huggers that are "keeping" anwr from them and their machines. talk about spoiled rotten. Them free republic types never seem to pick a fight with the big boys and the real culprits. LOL. the tree huggers. whata threat.
Ive always known there wasnt much. Maybe good when US population was 40 million. Both ecosystems at the poles are on their way out.

[holmes]

and there still is a inconsequential amount of oil in anwr. some still see it as a self sustaining for the US. The US can sustain itself off anwr? omg help us all.
I actually have been hearing this out of peoples mouths. Thankfully I am the listening type. and just get a knot in my stomache. Im aging. LOL.

[NeoPeasant]

God, it's so simple. Why didn't I think of it?
Lesee, as best as I can remember it went something like: "First we overcome the cabal of liberal obstructionists preventing us from drilling in ANWR and offshore in California, and in our National parks so we will be completely free of foreign oil. Did you know that ANWR has as much oil as we import from Saudi Arabia in 30 years? That's a lot of oil sweet baby James.

Of course in the long term, we use American ingenuity to build electic and hydrogen cars, as long as they're big and comfy SUV style, cause Americans don't like them puny little cars. And all those Detroit autoworkers can keep their jobs and maintain America's high standard of living. And all that money we save not buying imported oil will spur unprecedented economic growth. And that's always a good thing, right?"

[rerere]

$this->bbcode_second_pass_quote('NeoPeasant', 'D')id you know that ANWR has as much oil as we import from Saudi Arabia in 30 years?

[BabyPeanut]

http://peakoil.com/fortopic3913.html

[MonteQuest]

Rather than a bill of it's own, proponents are trying to attach drilling legislation to a budget bill, because only a simple majority of senators would be needed to get drilling approved. A filibuster or an attempt to block drilling legislation would be prevented under the budget process.
Could be a showdown on this issue quite soon. One might harness the energy from the sparks that will fly!
Activists rally to keep oil rigs out of ANWR
$this->bbcode_second_pass_quote('', 'E')nvironmentalists and members of Congress rallied Wednesday near the U.S. Capitol. Supporters at the rally announced they're introducing legislation again to keep ANWR off-limits to oil development forever.

Among those introducing the bill are Democratic Sen. Joe Lieberman of Connecticut and Democratic Rep. Ed Markey of Massachusetts. Lieberman indicated ANWR drilling opponents are ready to fight attempts to include drilling legislation in a budget bill.

[holmes]

$this->bbcode_second_pass_quote('Raphael', '[')b]Holmes wrote: $this->bbcode_second_pass_quote('', 'I') am wrong on many things in my life but some things I am not. I also want the truth no matter how gut wrenching depressing and crazy it might be. Thats the truth. It sucks. But living on fantasy island is not my bag.

[holmes]

$this->bbcode_second_pass_quote('MonteQuest', 'R')ather than a bill of it's own, proponents are trying to attach drilling legislation to a budget bill, because only a simple majority of senators would be needed to get drilling approved. ... Activists rally to keep oil rigs out of ANWR
$this->bbcode_second_pass_quote('', 'E')nvironmentalists and members of Congress rallied Wednesday near the U.S. Capitol. Supporters at the rally announced they're introducing legislation again to keep ANWR off-limits to oil development forever. Lieberman indicated ANWR drilling opponents are ready to fight attempts to include drilling legislation in a budget bill.

[Peepers]

Hannity is one of those people whose mouth moves before his brain does. But improved timing between the two may prove to be an exercise in futility, but we'll never know. He is the epitome of a kneejerk conservative, with emphasis on the jerk part. Uninformed, angry people are the most dangerous on the planet.
God gave us two ears, two eyes, two nostrils and two sides to our brains, but only one mouth and one asshole. But with the shit that comes out of Sean's mouth, he probably doesn't even need his asshole anymore.