August 21, 2008 12:01 AM
More Drilling
I don't usually like cartoons that simply illustrate the news, but in this case the news is its own satire. A poll of Coloradans indicates a widespread dislike for energy companies, along with a desire for the very companies we so deeply distrust to drill for more oil and gas. It's like saying that Bush has bungled Iraq, so let's let him invade Iran. Without going into the patent absurdity of thinking that opening up more lands to drilling will bring the price of gas at the pump down in any foreseeable future, let's just say that we're a might confused on the issue. Economic panic will do that. The problem is, the solutions that our pandering politicos (read McCain here) come up with will only enrich the very oil companies we so dislike, and won't put a penny in our pockets. But the Republicans have been quite adept at persuading Americans to vote against their own economic self-interest, and they're doing a great job of it again.
August 21, 2008
10:28 AM
Ted in Vegas writes:
Record Sales (worldwide) = Record Profits.
You get more profits by selling more product. Profit margins amongst oil companies are still modest, its just 9-11% of a humungous pie as opposed to Starbucks' 27% of a small pie.
August 21, 2008
10:31 AM
Ted in Vegas writes:
BTW - Opening up California off-shore oil will hit the markets in 2-3 years. Further opening up the Gulf of Mexico will hit the market faster than that. Opening up the Atlantic will hit the market in 6-7 years. Opening up ANWR will hit the markets in 8-9 years.
Opening up Wind and Solar will hit the market in appreciable amount in 30-40 years!
Therefore we should put of expansion of Wind and Solar indefinitately!
August 21, 2008
10:36 AM
Ted in Vegas writes:
Opening up Pacific drilling will hit the market in 3-4 years. Further opening up the Gulf of Mexico will hit the market faster than that. Opening up the Atlantic coast will hit the market in 6-8 years and opening up ANWR will hit the market in 8-9 years.
On the other hand, pouring billions of dollars into Wind and Solar will give us appreciable amounts of energy in 30-40 years.
Which makes more sense? Letting private business bear the costs of providing us more energy from multiple sources in the next 10 years or pouring BILLIONS of tax dollars into alternative energy that won't pay off for decades?
No matter how much you hate productive capitalism, your liberal mind can't get around reality.
Now, back to work! Somebody has to pay for liberal redistribution of wealth!
August 23, 2008
10:53 PM
Joe Royer writes:
I would like to know, Ed, how you figure the energy companies are to blame for keeping us "addicted to gas and oil." I think the "widespread dislike for oil companies" you refer to are a result of the anti-oil propaganda that is so prevelant from people such as you.
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