400 Billion Barrels in North Dakota

[Mr No Name]

I say we should be drilling everywhere that we feel that we have oil...  The "Not in my back yard" crowd should have little to say, much like those who must sell their land when a large interstate highway comes through.  No, I am not a fascist or socialist... BUT when we are being "Held over a barrel" (Pardon the lame joke) by people who typically are our enemies, we have to tap ALL of our resources.  Those who opposed offshore drilling in south Florida should know that now, through a partnership with cuba, communist china will be drilling in the waters between Florida and cuba.  We should stop the corn ethanol - it costs more than it would ever be worth and it is driving the price of our corn products including corn for feed for cattle through the ROOF! We should be building refineries, nuclear plants and coal fired plants.  Then after proven techniques for getting energy are being tapped, research "What's next"...  We need an all-around energy assault like Kennedys space shot program.

[Gaidin]

Anybody got a link to this deal between cuba and china?  I have not heard of it yet.

[bj229r]

Anybody got a link to this deal between cuba and china?  I have not heard of it yet.

You mean Cuba drilling for oil right off our own coast, in the same area in which WE AREN'T ALLOWED?

http://www.clipmarks.com/clipmark/E311B182-2C52-4DFC-ACBE-537DE6E56C04/

As is obvious by the map, they are in all likelihood sideways drilling oil off our land

[myelo]

So if you grow your own tomatoes, independant of ther farmer or the supermarket, why does the market price of tomatoes worry you?

I do and it doesn't.

But you're comparing apples to ..., err tomatoes to oil. Since not too many people have an oil refinery in their backyard, oil is bought and sold on a global market. Then you and I buy the gas, diesel, and so on, the price of which is determined in large part by the global price of oil.

[Holden McGroin]

I do and it doesn't.

But you're comparing apples to ..., err tomatoes to oil. Since not too many people have an oil refinery in their backyard, oil is bought and sold on a global market. Then you and I buy the gas, diesel, and so on, the price of which is determined in large part by the global price of oil.

I was comparing a commodityto a commodity.

Oil futures are traded, so are tomato futures.  The very same economic laws effect their prices.

[Getback]

When will people understand that profit is a function of price AND quantity?  Not to mention that the profit these companies make PER gallon of gas is roughly 8-9 cents.  These companies can still tack on 8-9 cents per gallon for profit at a price of 1.50.


Conversely, the Government makes in taxes on average 40-42 cents per gallon.  Yup, that's right.  The government is making 4-5x the amount per gallon that the "Evil" oil companies are.  Who's the greedy thieving bastards now?

You may be right but I thought they made like 50 to 60 cents per gallon.

Personally, the banking and so called healthcare crisis are all government caused and yet people are so lgnorant they want more.

[Hap]

  Who's the greedy thieving bastards now?

Oil companies when they sell gasoline made from Texas and Wyoming oil based on OPEC prices.  Oil from Texas and Wyoming goes for $30 to $40 a barrel.