14 Comments Add your own

• 1. kaus  |  July 8th, 2008 at 8:23 pm

  Gee, I thought drilling for oil creates jobs and is good for the economy and allows us to sell oil like all of our ‘friends’ in other countries. Whether it is 5 years or 10 years down the road. Makes more sense than corn oil.

• 2. Pat Cunningham  |  July 8th, 2008 at 8:32 pm

  What makes sense, Kaus, is what T. Boone Pickens is talking about — alternative sources of energy to break our addiction to oil. As Pickens, a lifelong oil man himself, says in his new advertising blitz, we’re not going to be able to drill our way out of our energy crisis. The Bush-McCain drilling plan isn’t going to cut it and isn’t going to produce a drop of oil for at least seven years. Wake up. Oil is not the answer.

• 3. Kaus  |  July 8th, 2008 at 8:59 pm

  So I guess Pat, that Plastics will be banned and we will all be running electric cars charged by solar energy within 7 years….awesome! I feel better now.

• 4. Craig Knauss  |  July 8th, 2008 at 9:10 pm

  Why not use the thousands of capped wells that already exist in this country? A rational person would speculate that the cost of oil has to make them economically viable by now. And they’ve already been drilled. I realize they won’t generate any exploration tax credits, but then life is tough. And has ANYONE noticed that there aren’t any gas lines? The prices may be high, but the gas is plentiful. So demand is somehow being met. Maybe drilling is the answer to a question that doesn’t need to be asked.

• 5. Pat Cunningham  |  July 8th, 2008 at 9:26 pm

  Here’s the T. Boone Pickens TV ad (and notice, please, where he says “this is one emergency we can’t drill our way out of”):
  http://www.youtube.com/watch?v=R2bOug1d20c&eurl=http://www.occidentaldissent.com/2008/07/09/t-boone-pickens-new-ad-campaign/

• 6. Kaus  |  July 8th, 2008 at 10:03 pm

  Wow…can’t believe what I’m reading….Craig says paying higher gas prices is ok. Wow again. Priceless.

• 7. LD  |  July 9th, 2008 at 6:30 am

  It is okay, we’ve finally reached the tipping point and have decided to do the only thing that will lower gas prices…we’ve cut back on our consumption.

  http://www.wsj.com/public/article_print/SB121366865872779845.html

  And gas lines? We’d have gas lines today if everyone in the country decided to fill up their tanks, which they did in the 70s.

  “Typically, car tanks are about one-quarter full. If buyers start keeping car tanks three-quarters full, the added demand would quickly drain the entire system of gasoline supplies.” - WSJ

• 8. Craig Knauss  |  July 9th, 2008 at 8:53 am

  Kaus,

  Pull your head out. Where did I say “paying higher gas prices is ok”? You can’t believe what you’re reading, because you can’t read. I said, “The prices may be high, but the gas is plentiful.” One of the conditions of high prices in “supply and demand” is a shortage. Where is it? Furthermore, you claimed previously to have visited a bunch of other countries. Obviously you never noticed what they pay for gas. The Norwegians were paying well over $1 per liter when I was there NINE YEARS AGO. And they produce way more gasoline than they can ever consume. Have you looked at the price of milk lately? Bottled water? Starbucks coffee? But what does that have to do with using the capped wells? You evaded that issue completely. As usual.

  And LD: You needed the WSJ to realize we’ve cut back on consumption? Didn’t the reduced traffic give you a clue? The private sales of boats, trucks, and motorhomes? And don’t believe everything the WSJ says. They are just slightly biased.

• 9. Paul  |  July 9th, 2008 at 9:28 am

  The only reason americans would cut back on anything is because they can’t afford the increase. We have the resources available and should use them. Where will this country be if an Iran/Isreal war breaks out?

  The argument that McCain’s plan would not produce oil for seven years is a stupid. You guys have been saying this for over ten years. Where would we be if we started drilling ten years ago?

  This forum seems to the focal point of all those that use “GrassHopper Logic” to rule their thinking.

• 10. LD  |  July 9th, 2008 at 9:32 am

  It may also be worth noting what Pickens said just a few years ago.

  “I was in wind energy for a minute…. I hate it. And when I got to looking at those damn things I said, I don’t want to be a part of putting that on the horizon. I think it’s homely and I don’t like it. We took a loss and got out of it and I’m glad I did.”

  —T. Boone Pickens, Bloomberg, February 17, 2005

• 11. Pat Cunningham  |  July 9th, 2008 at 9:35 am

  LD: Obviously, old Boone is evolving.

• 12. Milton Waddams  |  July 9th, 2008 at 11:48 am

  Craig is absolutely right. There is no shortage of oil. There is however a whole lot of weakness in the currency that oil is traded in, the US Dollar. The price of oil has more than doubled in 9 months. Have the supply and demand curves really changed that much that quickly? Of course not. The dollar has lost close to 40% of its value in that time, however. Thus oil is twice as much as it was 9 months ago. Unfortunately for us, because of the falling dollar, speculators and investors are converting investments into more stable commodities such as oil and precious metals, which further increases prices.

• 13. Millard Fillmore  |  July 9th, 2008 at 12:55 pm

  Pat - ah, so when it supports an argument of yours, it is “evolving.” When it doesn’t, it is “flip-flopping.” I see how this works.

• 14. Pat Cunningham  |  July 9th, 2008 at 1:03 pm

  Hey, I don’t give a damn if you call T. Boone Pickens a flip-flopper or not. Have it your way. He’s always been a right-winger anyway.

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