[MonteQuest]

$this->bbcode_second_pass_quote('ROCKMAN', ' ')That is $24 billion a year that’s stays in the economy instead of sending overseas to people that hate us..

[TheDude]

$this->bbcode_second_pass_quote('ROCKMAN', 'S')eriously though, Snik and I are on the same page I think. As long as prices stay high I'm in tall cotton. I can almost charge what I want as a consultant. A significant increase in production or reduction in consumption would only reduce my income potential. But I would gladly trade that for a chance to let the country adjust to the new reality.

[MonteQuest]

$this->bbcode_second_pass_quote('Snik', ' ')If we don't wake up, in another generation we won't be producing or manufacturing much of anything here.

[AgentR]

$this->bbcode_second_pass_quote('Snik', 'Y')our thinking makes no sense whatsoever. It is completely failed logic, and is the line of thinking that has helped get us into this mess. By your way of thinking we what, allow drilling in these areas when oil reaches $500/BO? Or is there some other magic number? I am guessing that a few years ago you might have said $100.

[smiley]

$this->bbcode_second_pass_quote('', 'N')ot a bad investment…spend $15 billion and make back around $20 billion the first year. Makes for happy share holders.

[Duende]

MonteQuest wrote:
$this->bbcode_second_pass_quote('', 'O')nly 17% ofour imported oil comes from the Middle east. Most of it comes from Canada and Mexico.

So, you mean $4 billion wouldn't go to those who hate us, right?

[nobodypanic]

$this->bbcode_second_pass_quote('MonteQuest', ' ')Ease oil prices? When? Not today and not tomorrow…maybe never.

[Dezakin]

$this->bbcode_second_pass_quote('MonteQuest', 'M')ods? Please cut and paste this overshoot exchange to the current die-off thread.

MQ

[emersonbiggins]

{off topic posts moved to 6,000,000,000 die-off}

[ROCKMAN]

Thanks Snick,

I really don't like responding so sarcasticly...it's not my goal to fight or pretend I'm that much smarter than aytone else. I just loose patience sometimes. I'll make enough before I retire that I will be able to take care of me and mine no matter how bad the economy gets. But I grew up dirt poor and know that debilitating pain so it does bother me greatly to see where many may end up if PO hits us as bad as it might.

[ROCKMAN]

MonteQuest,

You do make a valid point about the source of much of oil imported oil. A minor and irrelavent point to the thrust of the debate but valid no less.

Congrats! You've got me on the ropes now.

[MonteQuest]

$this->bbcode_second_pass_quote('ROCKMAN', 'M')onteQuest,

You do make a valid point about the source of much of oil imported oil. A minor and irrelavent point to the thrust of the debate but valid no less.

Congrats! You've got me on the ropes now.

[Homesteader]

To a person all my students believed we got all our from Saudi Arabia until they had one of my classes.

They don't even know we produce a significant amount of oil.

[AlexdeLarge]

$this->bbcode_second_pass_quote('Snik', '
')Why would anybody drill it if we nationalized the profits? Oil companies aren't charities, they are in business to make a profit. Yeah, that nasty word...profit. I don't think that the shareholders of those companies would be too happy with their company spending billions of dollars for nothing.

Any other industries you think we should "nationalize" (read confiscate) the profits on?

[Snik]

Monte, since according to you most of us are going to die a slow painful death anyway, I don't know why you are even concerned with whether we drill anywhere or not. In fact, I fail to see the purpose of your posts at all since as far as I can tell you have absolutely no answers other than to say we're all basically screwed. I'm guessing you must be a survival shelter salesman or something....otherwise I can't figure out why you're wasting our time.

This "power down" business....I mean can you explain that to a poor ignorant southern boy? From what I've read it basically means reducing our lifestyles back to.....what, the stone age? Or are we allowed to live indoors? Plus reducing the population....why not a few H-bombs in India and China. Wouldn't that solve part of the problem? Or mandatory vasectomy's at puberty in any country with a positive population growth backed up with the threat of nuclear annihilation?

I have seen a lot of doomsday forecasts in my time, but fortunately there have always been enough dumb people that didn't know any better who have worked their butts off to keep those forecasts from coming true. If you're not part of the solution, what are you? Either fish or cut bait....otherwise get out of the boat.

Besides, you're ruining my Utopian view of the world.

[Snik]

$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('ROCKMAN', 'M')onteQuest,

You do make a valid point about the source of much of oil imported oil. A minor and irrelavent point to the thrust of the debate but valid no less.

Congrats! You've got me on the ropes now.

[Fiddlerdave]

$this->bbcode_second_pass_quote('AlexdeLarge', '')$this->bbcode_second_pass_quote('Snik', '
')Why would anybody drill it if we nationalized the profits? Oil companies aren't charities, they are in business to make a profit. Yeah, that nasty word...profit. I don't think that the shareholders of those companies would be too happy with their company spending billions of dollars for nothing.

Any other industries you think we should "nationalize" (read confiscate) the profits on?

[MrBean]

$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('Snik', ' ')If we don't wake up, in another generation we won't be producing or manufacturing much of anything here.

[MrBean]

$this->bbcode_second_pass_quote('Snik', '
')This "power down" business....I mean can you explain that to a poor ignorant southern boy? From what I've read it basically means reducing our lifestyles back to.....what, the stone age? Or are we allowed to live indoors? Plus reducing the population....why not a few H-bombs in India and China. Wouldn't that solve part of the problem? Or mandatory vasectomy's at puberty in any country with a positive population growth backed up with the threat of nuclear annihilation?

[ROCKMAN]

You are right and wrong I think Fiddlerdave. Yes..plenty of talent out there like me. It doesn't matter who I invoice as long as they are ethical. I think Snik's point wasn't that there wouldn't be folks who would work for the gov't oil company but that the existing oil companies could not survive under such a plan. ExxonMobil et al are publicly owned companies. There is no EM family that gets the profits. The largest shareholders of all public oil companies are the pension/retirement funds. Ironic that the auto worker unions are one of the largest owners of Big Oil given what a hit they've taken on declining production of oue beloved gas guzzlers.

The public oil companies' valuations are based on growth of assets. If they were suddenly precluded from new drilling the stock values of millions of Americans would fall by trillions of $'s overnight. But that doesn't mean the US gov't couldn't form a competing oil company.

NOC's (national oil companies) do get a knock about their inefficiencies and incompetence. But you are right about their ability to achieve greatness when managed properly. The best example these days is Petrobras (Brazil). They are making great advances in the Deep Water play off of S. America. I won't be surprised if they become the biggest oil operator in the world in 10 years. But you must understand that they are a public company (though owned for the most part by the Braziliam gov't) and are run on the same business plan (i.e. profit) as ExxonMobil et al.

Could the US gov't duplicate Petrobras? I wish I could believe our fractured and contentious political system could do so but I must say I don't have faith in them. Both the R's and the D's (if you're at all curious I'm neither a R or a D) live off division. and that doesn't make for good corporate management.

But if I were made the Grand Puba of U.S.A. OIL it would be a tremendous success. And trust me...I wouldn't forget all you little people out there.