And we spent a Trillion dollars and lost thousands of Lives, with Tens of Thousands more Crippled and Wounded over the last few decades to prop up these Jerks? Somebody PLEASE start tell the EPA to Shove it and start drilling in Anwar today.
Sebastian, you are what we like to call “wrong.” The largest percentage of oil imported to the US comes from North America in the form of Canada and Mexico. I’m sure we could drill enough in areas of the US to make up the 15% we get from Saudi Arabia. Saudi Arabia seems to be concerned enough about this that they’ve sent their lawyers after Canada.
ATLien,
You are what we call “misinformed”. We have to prop up the supply of oil that comes from the Saudis, because if that supply was interrupted, it would disrupt the worldwide market and the oil companies would respond by sending their oil (including what they get from ANWR) to wherever it makes them the most money.
Oil is a fungible commodity. If we somehow managed to boycott Saudi oil (which I’m not even sure you could, see: commodity, fungible) or remove it from the market place, the people who get their oil from there (read: Europe) would have to get it somewhere else. In the hypothetical Kingdom of Saud-free world Les posits, we’d have a real problem, as the oil they supply world markets going away would make the price shoot upward.
Unless you’re nationalizing the oil supply in Alaska (you socialist, you!), the resultant increase in the cost of oil would mean the oil companies would sell it where it nets the highest dollar. Sure, we’re not using a lot of their oil here, but they provide a huge chunk of what Europe uses. If their supply to Europe was disrupted, they’d have to buy it from somewhere else, and the oil companies aren’t going to send ANWR’s oil to you at a today’s price. They’re going to send it to Europe and China who are paying a lot more all of a sudden. Your gas would be really expensive.
It’s amazing to me how many people don’t get the concept of fungibility. It’s a fancy way of saying everything you said in post 5 is fucking irrelevant and stupid, since they’re the world’s second largest producer and disrupting their supply is going to drive prices northward in a hurry, and all of the oil in ANWR will be a fart in a windstorm if that happens.
So, in sum, I reiterate: you’re stuck with Saudi Aramco. Get over it. Or ride a bike.
Well, you are also assuming Europe would be able to pay more than the US. Which at present, it possible, but as the Euro is weakening faster than the dollar, that may not be sustainable. Certainly, Germany could pay more than the US per gallon, but most of Europe is going to get into a depression earlier than the United States.
However, China is going to remain strong, so they would still be better markets than the US.
But wait a minute, how would drilling in ANWR prevent Saudi Arabia from supplying Europe and China again? If say, we drilled in ANWR, and stopped supporting Saudi Arabia, and Iran invaded them, I suspect Iran would continue to send that Oil to Europe and China.
It’s entirely possible that the lack of confidence in European currencies is actually artificially keeping the price of oil lower than it would be otherwise. But in any case, to pretend that a disruption in supply from the world’s second largest producer wouldn’t have consequences is fanciful. I’ve never seen so much hope placed in something so irrelevant as ANWR. That shit is a strategic reserve for when the fit hits then shan, not a tool for manipulating the world markets.
Timmeehh is really talking socialism now…you go Komrade!
Yeah, I don’t believe that ANWR is the answer. But I didn’t see the connection between drilling there and how it would affect the Saudi’s at all. Drilling in ANWR would marginally increase the world supply of oil, which “should” lower global prices, but It wouldn’t have a big impact.
Besides, OPEC would likely reduce their production quotas to offset the resulting “glut”…though, in effect, that would reduce the amount of revenue going to the middle east. But again, we aren’t talking about numbers large enough to make a difference. It would be symbolic.
It would be wiser to find cheaper ways of tapping the shale. If I am not mistaken, there is a lot more oil to be had from that method than ANWR.
Go back and watch it frame-by-frame. Notice the cop cars sitting at key points? This was scripted. Still impressive, but maybe not as stupid as it looked. Beisdes, I recognize the street and one of the “bystanders”.
HL, you are absolutely correct, and it’s why when I read people griping about prices and wishing we’d start drilling like an NBA prospect on a curly permed sports reporter in AK, I can’t help but wish we offered more basic Econ101 in high school for people.
You correctly note that the instant our ANWR drop hits the global supply bucket…the Saudis all by themselves can simply restrict that much supply back out of the market without even checking with the rest of the OPEC cabal…Mohammed and Faisal will just “forget” to run one of the pumps on one of the 110+ oil fields they’re running for one day and drive the price back to where they want it.
The stupendously stupid idea that we can drill our way out of this problem reflects just how misinformed people are about how global fungible commodities markets actually work.
If we opened up and drilled in the US where we KNOW we have huge deposits of oil, SA’s oil would mean dick. We’re in this problem because we’re trying to compete with one arm tied behind our back by fuckers like you*
*who i believe should be foribly deported or shot as traitors for deliberately crippling our country economically.
They were doing some incredibly skilled drifting there, but in traffic, not so smart. And I’ve got news for you. Guys like to drift here in the U.S. too. They just don’t do it the daytime in the middle of traffic. That tends to draw out the police. It’s all fun and games till somebody calls the cops!
If we opened up and drilled in the US where we KNOW we have huge deposits of oil, SA’s oil would mean dick.
You know what’s great about keyboard commandos like you? Not only are you stupid, but you wear your stupid on your sleeve. It makes it easy to see coming a mile away.
What part of “they can just restrict supply to match what we add and drive the price right back up” are you struggling with? I’ll try to find smaller words if you can identify the part of that relatively simple concept escapes you.
We’re in this problem because we’re trying to compete with one arm tied behind our back by fuckers like you*
No, we’re in this problem because of small minded cave dwelling knuckledraggers like you who’s reactionary stances prevent us from seeking real alternatives and think conservation is a fun thing to make fun of.
*who i believe should be foribly deported or shot as traitors for deliberately crippling our country economically.
Again, you make these ridiculous assumptions that pretend countries that are at war with the decent people of this world should be allowed to run riot. Not that I nuking Ridayh.. Venezuela’s so much closer.
And of course, we get the anti-oil personage with a false understanding of fungibility trying to use that to convince us it would be a bad idea to be in the market at all. If I understand correctly, we have more than they do, between fraudulent overestimates of their reserves, and fraudulently limited access to ours, so if we did drill what we have, and they “adjusted their production” to bring the prices back up, it would be even more worth it for us to be drilling and producing. So, why again aren’t we?
ATLien, you’ve been thoughtless here before, and rude a time or two, but you just said another man ought to be murdered by the State for his political opinions – in a blog article about drifting.
Let sink in what you’re proposing, and then – Jesus, please – go back on your meds, pal.
i use hyperbole, but the truth is that we have people deliberately trying to cripple our country economically, and a lot of them are inside the government itself. what would YOU call those people? And it’s not like I didn’t give them the option to leave.
We’re headed off a cliff, and there really is no reason to be. Take fignuts up there. You don’t like oil, well, oil’s all you got*. there is no truly viable alternative**. oil is cheaper, and we already have the infrastructure for it,*** as well as having it available to extract, but the only thing holding us back is what? It’s either stupidity, or a group that wants us to fail and will use the government to accomplish it****. No other reason makes any sense.
* there’s also clean coal but Clinton cut off the largest clean coal supply in the world for a price, like the whore he is.
** For electricity, we have the option for nuclear, which emits zero carbon, but the same people don’t want that, either. do you really want to lower carbon emissions, or is it just more bullshit?
*** we don’t have enough refineries, and we need to build a few, NIMBYs be damned. Oh, and that would create jobs, too! Must be why it’ll never happen.
**** Why else would we give money to Brazil to help them retrieve their oil and then buy it from them? Why don’t we use that money to get our own oil? Again, either stupidity or malice. We should pray it’s stupidity.
To stay on topic: i remember when “drifting” was called “goofing around in a big parking lot.” I think it’s fun. Coolest drift I’ve seen is when Tanner Foust drifted an F-450 pickup on Top Gear US:
And of course, we get the anti-oil personage with a false understanding of fungibility
And of course, I note you don’t bother to explain what I got wrong about fungibility. It’s a simple concept, really–the light sweet crude you get from Texas is essentially the same as the LSC you get from Yemen.
Which means, dipshit, that any oil company drilling in ANWR if and when we allow Saudi Arabia to go teats up is going to be able to sell the oil they’re drilling on the open global market to backfill the void from the Saudi disruption.
And while you’re right that our reserves are substantial, you’re wrong that we have anywhere near “more” than they have. Unless those America hating commies at CIA are missing something, as is the USGS.
Also, a substantial amount of the proven reserves we have, as someone else earlier noted, aren’t the easily recoverable LSC the Saudis are blessed with, but rather shale and tar sands oils which are far more energy intensive and costly to produce. They’re not going to make your gas cheaper, and they’re certainly not going to backfill any disruption in supply from the Middle East.
And that’s an important point–your assessment of me as anti-oil is quite incorrect. Oil brought us out of the dark ages and made the Industrial Revolution possible.
It was a great product. But it’s time to get ready to move onto something else that doesn’t have the looming economic implications and political pitfalls. Peak oil is either here or pretty darn close, and it’s gonna start getting pricey and start causing wars that make Iraq and Afghanistan look cheap in terms of blood and treasure. We don’t even have to get into the environmental stuff, though you’re certifiably mental if you think that those issues don’t exist.
ATLien’s keyboard pounding commando routine notwithstanding, he’s wrong that we don’t have alternatives. He just doesn’t like them because they involve taking responsibility for your behavior and changing your ways. If anyone’s trying to send us off a cliff, it’s those like him who ignore the looming crisis and argue fervently that we do nothing.
The only realistic energy option we need to focus on is nuclear powered electricity generating systems. Period. Nothing else is viable, that is not currently in use here. Nothing else.
Yes, we should be building new refineries. Yes, we should be drilling in more areas, and getting the shale oil systems up and ready for use. Doesn’t mean we have to actually turn on the taps, but it takes about three years to get a new field to market. They should be made ready, so when (not if) we get hit with another oil restriction from OPEC and/or others (for whatever reason), we aren’t sitting with a dead economy for the time it would take to get our oil system up and running. Yes, the Demoncrats are to blame for our near total reliance on outside suppliers (along with the Eco-wankers). The only possible benefit of losing our oil inports might be the wholesale hanging of those assholes for creating the situation.
September 22nd, 2011 at 11:08 am
And we spent a Trillion dollars and lost thousands of Lives, with Tens of Thousands more Crippled and Wounded over the last few decades to prop up these Jerks? Somebody PLEASE start tell the EPA to Shove it and start drilling in Anwar today.
September 22nd, 2011 at 11:59 am
I was sorry when they ran out of ammo. Also, use tracers next time, they are prettier.
September 22nd, 2011 at 12:39 pm
What level citizen must they be?
Must be higher level citizen to have guns, but a Honda?
September 22nd, 2011 at 1:37 pm
Telling the EPA to shove it won’t replace the reserves they have. Enjoy paying $23 a gallon.
Like em or not…we’re stuck with the Kingdom of Saud.
September 22nd, 2011 at 2:56 pm
Sebastian, you are what we like to call “wrong.” The largest percentage of oil imported to the US comes from North America in the form of Canada and Mexico. I’m sure we could drill enough in areas of the US to make up the 15% we get from Saudi Arabia. Saudi Arabia seems to be concerned enough about this that they’ve sent their lawyers after Canada.
September 22nd, 2011 at 3:13 pm
ATLien,
You are what we call “misinformed”. We have to prop up the supply of oil that comes from the Saudis, because if that supply was interrupted, it would disrupt the worldwide market and the oil companies would respond by sending their oil (including what they get from ANWR) to wherever it makes them the most money.
Oil is a fungible commodity. If we somehow managed to boycott Saudi oil (which I’m not even sure you could, see: commodity, fungible) or remove it from the market place, the people who get their oil from there (read: Europe) would have to get it somewhere else. In the hypothetical Kingdom of Saud-free world Les posits, we’d have a real problem, as the oil they supply world markets going away would make the price shoot upward.
Unless you’re nationalizing the oil supply in Alaska (you socialist, you!), the resultant increase in the cost of oil would mean the oil companies would sell it where it nets the highest dollar. Sure, we’re not using a lot of their oil here, but they provide a huge chunk of what Europe uses. If their supply to Europe was disrupted, they’d have to buy it from somewhere else, and the oil companies aren’t going to send ANWR’s oil to you at a today’s price. They’re going to send it to Europe and China who are paying a lot more all of a sudden. Your gas would be really expensive.
It’s amazing to me how many people don’t get the concept of fungibility. It’s a fancy way of saying everything you said in post 5 is fucking irrelevant and stupid, since they’re the world’s second largest producer and disrupting their supply is going to drive prices northward in a hurry, and all of the oil in ANWR will be a fart in a windstorm if that happens.
So, in sum, I reiterate: you’re stuck with Saudi Aramco. Get over it. Or ride a bike.
September 22nd, 2011 at 3:41 pm
Well, you are also assuming Europe would be able to pay more than the US. Which at present, it possible, but as the Euro is weakening faster than the dollar, that may not be sustainable. Certainly, Germany could pay more than the US per gallon, but most of Europe is going to get into a depression earlier than the United States.
However, China is going to remain strong, so they would still be better markets than the US.
But wait a minute, how would drilling in ANWR prevent Saudi Arabia from supplying Europe and China again? If say, we drilled in ANWR, and stopped supporting Saudi Arabia, and Iran invaded them, I suspect Iran would continue to send that Oil to Europe and China.
Am I wrong?
September 22nd, 2011 at 4:07 pm
Or we could send the USMC over there and tell the Saudis what the price of oil will be.
September 22nd, 2011 at 4:15 pm
It’s entirely possible that the lack of confidence in European currencies is actually artificially keeping the price of oil lower than it would be otherwise. But in any case, to pretend that a disruption in supply from the world’s second largest producer wouldn’t have consequences is fanciful. I’ve never seen so much hope placed in something so irrelevant as ANWR. That shit is a strategic reserve for when the fit hits then shan, not a tool for manipulating the world markets.
Timmeehh is really talking socialism now…you go Komrade!
September 22nd, 2011 at 4:24 pm
@Sebastian the Moron : it’s called humour, learn it.
September 22nd, 2011 at 4:26 pm
Yeah, I don’t believe that ANWR is the answer. But I didn’t see the connection between drilling there and how it would affect the Saudi’s at all. Drilling in ANWR would marginally increase the world supply of oil, which “should” lower global prices, but It wouldn’t have a big impact.
Besides, OPEC would likely reduce their production quotas to offset the resulting “glut”…though, in effect, that would reduce the amount of revenue going to the middle east. But again, we aren’t talking about numbers large enough to make a difference. It would be symbolic.
It would be wiser to find cheaper ways of tapping the shale. If I am not mistaken, there is a lot more oil to be had from that method than ANWR.
September 22nd, 2011 at 4:41 pm
Shooting Buddy: Saudi Arabia introduced it’s first firearms permit law in 2007.
Until then, any Saudi male could buy any kind of rifle they pleased. Including MGs.
Now they actually have to have a firearms license, which is automatically issued to anyone over age 21 with a clean record.
September 22nd, 2011 at 5:09 pm
Reckless, dangerous, stupid and ignorant – yes. But there was some hellacious driving skill in some of those runs.
September 22nd, 2011 at 5:32 pm
Since they didn’t apparently do any actual damage to others, is that what the wookie-suit highway would look like?
Cause I have no problem with that. 😉
September 22nd, 2011 at 5:47 pm
Makes me think of Cool Hand Achmed’s classic song…
I can drive like a cra-zy mo-ran
cause I got verses from the Ko-ran
painted on the windows of my car…
😉
September 22nd, 2011 at 6:40 pm
Go back and watch it frame-by-frame. Notice the cop cars sitting at key points? This was scripted. Still impressive, but maybe not as stupid as it looked. Beisdes, I recognize the street and one of the “bystanders”.
September 22nd, 2011 at 7:18 pm
And to think he acted like that sober.
Enshalla Mother F…..
September 22nd, 2011 at 7:25 pm
HL, you are absolutely correct, and it’s why when I read people griping about prices and wishing we’d start drilling like an NBA prospect on a curly permed sports reporter in AK, I can’t help but wish we offered more basic Econ101 in high school for people.
You correctly note that the instant our ANWR drop hits the global supply bucket…the Saudis all by themselves can simply restrict that much supply back out of the market without even checking with the rest of the OPEC cabal…Mohammed and Faisal will just “forget” to run one of the pumps on one of the 110+ oil fields they’re running for one day and drive the price back to where they want it.
The stupendously stupid idea that we can drill our way out of this problem reflects just how misinformed people are about how global fungible commodities markets actually work.
September 22nd, 2011 at 7:27 pm
If we opened up and drilled in the US where we KNOW we have huge deposits of oil, SA’s oil would mean dick. We’re in this problem because we’re trying to compete with one arm tied behind our back by fuckers like you*
*who i believe should be foribly deported or shot as traitors for deliberately crippling our country economically.
September 22nd, 2011 at 7:29 pm
They were doing some incredibly skilled drifting there, but in traffic, not so smart. And I’ve got news for you. Guys like to drift here in the U.S. too. They just don’t do it the daytime in the middle of traffic. That tends to draw out the police. It’s all fun and games till somebody calls the cops!
September 22nd, 2011 at 8:22 pm
You know what’s great about keyboard commandos like you? Not only are you stupid, but you wear your stupid on your sleeve. It makes it easy to see coming a mile away.
What part of “they can just restrict supply to match what we add and drive the price right back up” are you struggling with? I’ll try to find smaller words if you can identify the part of that relatively simple concept escapes you.
No, we’re in this problem because of small minded cave dwelling knuckledraggers like you who’s reactionary stances prevent us from seeking real alternatives and think conservation is a fun thing to make fun of.
We should meet sometime.
September 22nd, 2011 at 9:49 pm
Again, you make these ridiculous assumptions that pretend countries that are at war with the decent people of this world should be allowed to run riot. Not that I nuking Ridayh.. Venezuela’s so much closer.
September 22nd, 2011 at 11:56 pm
And of course, we get the anti-oil personage with a false understanding of fungibility trying to use that to convince us it would be a bad idea to be in the market at all. If I understand correctly, we have more than they do, between fraudulent overestimates of their reserves, and fraudulently limited access to ours, so if we did drill what we have, and they “adjusted their production” to bring the prices back up, it would be even more worth it for us to be drilling and producing. So, why again aren’t we?
September 23rd, 2011 at 12:20 am
These guys got way to much money and to much time on there hands.Wonder how much they paid that Hollywood stunt driver to do this.
September 23rd, 2011 at 1:05 am
ATLien, you’ve been thoughtless here before, and rude a time or two, but you just said another man ought to be murdered by the State for his political opinions – in a blog article about drifting.
Let sink in what you’re proposing, and then – Jesus, please – go back on your meds, pal.
September 23rd, 2011 at 2:09 am
i use hyperbole, but the truth is that we have people deliberately trying to cripple our country economically, and a lot of them are inside the government itself. what would YOU call those people? And it’s not like I didn’t give them the option to leave.
We’re headed off a cliff, and there really is no reason to be. Take fignuts up there. You don’t like oil, well, oil’s all you got*. there is no truly viable alternative**. oil is cheaper, and we already have the infrastructure for it,*** as well as having it available to extract, but the only thing holding us back is what? It’s either stupidity, or a group that wants us to fail and will use the government to accomplish it****. No other reason makes any sense.
* there’s also clean coal but Clinton cut off the largest clean coal supply in the world for a price, like the whore he is.
** For electricity, we have the option for nuclear, which emits zero carbon, but the same people don’t want that, either. do you really want to lower carbon emissions, or is it just more bullshit?
*** we don’t have enough refineries, and we need to build a few, NIMBYs be damned. Oh, and that would create jobs, too! Must be why it’ll never happen.
**** Why else would we give money to Brazil to help them retrieve their oil and then buy it from them? Why don’t we use that money to get our own oil? Again, either stupidity or malice. We should pray it’s stupidity.
To stay on topic: i remember when “drifting” was called “goofing around in a big parking lot.” I think it’s fun. Coolest drift I’ve seen is when Tanner Foust drifted an F-450 pickup on Top Gear US:
September 23rd, 2011 at 9:21 am
And of course, I note you don’t bother to explain what I got wrong about fungibility. It’s a simple concept, really–the light sweet crude you get from Texas is essentially the same as the LSC you get from Yemen.
Which means, dipshit, that any oil company drilling in ANWR if and when we allow Saudi Arabia to go teats up is going to be able to sell the oil they’re drilling on the open global market to backfill the void from the Saudi disruption.
And while you’re right that our reserves are substantial, you’re wrong that we have anywhere near “more” than they have. Unless those America hating commies at CIA are missing something, as is the USGS.
Also, a substantial amount of the proven reserves we have, as someone else earlier noted, aren’t the easily recoverable LSC the Saudis are blessed with, but rather shale and tar sands oils which are far more energy intensive and costly to produce. They’re not going to make your gas cheaper, and they’re certainly not going to backfill any disruption in supply from the Middle East.
And that’s an important point–your assessment of me as anti-oil is quite incorrect. Oil brought us out of the dark ages and made the Industrial Revolution possible.
It was a great product. But it’s time to get ready to move onto something else that doesn’t have the looming economic implications and political pitfalls. Peak oil is either here or pretty darn close, and it’s gonna start getting pricey and start causing wars that make Iraq and Afghanistan look cheap in terms of blood and treasure. We don’t even have to get into the environmental stuff, though you’re certifiably mental if you think that those issues don’t exist.
ATLien’s keyboard pounding commando routine notwithstanding, he’s wrong that we don’t have alternatives. He just doesn’t like them because they involve taking responsibility for your behavior and changing your ways. If anyone’s trying to send us off a cliff, it’s those like him who ignore the looming crisis and argue fervently that we do nothing.
September 24th, 2011 at 2:57 pm
The only realistic energy option we need to focus on is nuclear powered electricity generating systems. Period. Nothing else is viable, that is not currently in use here. Nothing else.
Yes, we should be building new refineries. Yes, we should be drilling in more areas, and getting the shale oil systems up and ready for use. Doesn’t mean we have to actually turn on the taps, but it takes about three years to get a new field to market. They should be made ready, so when (not if) we get hit with another oil restriction from OPEC and/or others (for whatever reason), we aren’t sitting with a dead economy for the time it would take to get our oil system up and running. Yes, the Demoncrats are to blame for our near total reliance on outside suppliers (along with the Eco-wankers). The only possible benefit of losing our oil inports might be the wholesale hanging of those assholes for creating the situation.