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  #106 (permalink)  
Old 05-09-2008
Americano Americano is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by Si modo View Post
I am not a fan of taxes being imposed for the sole benefit of collectively changing behavior. The market should be able to do that on it's own. We see it already happening with hybrids, etc.
I'm not a big fan of social engineering through taxation, but this is an instance where market forces driven by often foolish and wasteful consumption will adversely effect food, transportation and most consumer goods prices in a relatively short period of time at income levels that can least afford it. If I had any confidence in the US public that can afford much higher fuel prices derived purely from market forces to substantially change their material lifestyles I might feel differently about increased taxation, but given many of the posts in this thread seeking more dribbles of oil to resolve an insurmountable problem, my lack of confidence in that public seems justified.

Place a substantial consumption tax on fuel now and direct the revenue to alternative energy sources R&D in a Manhattan Project style effort. The longer we wait, the more economic damage we're going to experience at the consumer level which drives our economy. At some point in the near future we're headed towards much higher fuel prices from market forces and a required general increase in taxes including fuel, which will be traditionally diverted to the general fund for politicians to buy votes through distribution of public money to special interests. By then, there will be no way to correct our consumption level other than economic disaster.
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  #107 (permalink)  
Old 05-09-2008
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jviehe jviehe is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

Quite right. As soon as it becomes profitable to go green, they will. In fact, this whole going green thing I think is going to make a lot of people rich.
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  #108 (permalink)  
Old 05-09-2008
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kramer kramer is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by jviehe View Post
Quite right. As soon as it becomes profitable to go green, they will. In fact, this whole going green thing I think is going to make a lot of people rich.
Like Al Gore. He's teaming with a venture capitalist and bigtime moneyman to make over the $6 trillion global energy business.

I find it troubling that he has a vested financial interest in seeing AGW becoming publicly accepted by the majority of Americans.
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  #109 (permalink)  
Old 05-09-2008
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by kramer View Post
I find it troubling that he has a vested financial interest in seeing AGW becoming publicly accepted by the majority of Americans.
But of all the possible proposals to do something (or nothing at all) Al Gore's market based proposals are fairly middle of the road and don't really call for much in the way of lifestyle changes or even sacrifices. I would have thought americans would be in favor of the small incremental steps Al Gore has proposed.

And since when do americans criticize people for making money (even if they are convinced it is based in lies or it is harmful to someone else)?

BTW, the majority of americans already accept that AGW is a reality, and they have for quite some time now. Long before Al Gore became the bogeyman for skeptics.

Andrew
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  #110 (permalink)  
Old 05-10-2008
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by Andrewl View Post
But of all the possible proposals to do something (or nothing at all) Al Gore's market based proposals are fairly middle of the road and don't really call for much in the way of lifestyle changes or even sacrifices. I would have thought americans would be in favor of the small incremental steps Al Gore has proposed.

And since when do americans criticize people for making money (even if they are convinced it is based in lies or it is harmful to someone else)?
Neither of these are issues with me (well, taking incremental steps is because you know I see issues with the science). My issue with Gore is that he is going around as the preeminent voice of AGW trying to get people on board while he stands to gain financially from it.

Quote:
Originally Posted by Andrewl View Post
BTW, the majority of americans already accept that AGW is a reality, and they have for quite some time now.

Andrew
I don't buy this at all. For example, wasn't it Gore who just said on 60 minutes that there is going to be a 300 million dollar media campaign for GW? Why is this needed if the majority believes it?

I think the majority of Americans believe warming has happened but I don't think the majority of them think it's from CO2.

Kramer
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  #111 (permalink)  
Old 05-19-2008
Georgerufus Georgerufus is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

Bullshit.

There is no more oil.
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  #112 (permalink)  
Old 05-19-2008
Georgerufus Georgerufus is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by usmc7011 View Post
I agree, let start building nuke powerplants to start
Geothermal IMO use internal heat of the earth to generate power.
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  #113 (permalink)  
Old 05-19-2008
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by Georgerufus View Post
Geothermal IMO use internal heat of the earth to generate power.
One problem with that is that its not found everywhere, so it would have to be transported. The technology doesnt quite exist yet to make enough energy either. Nuclear however is proven and efficient.
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  #114 (permalink)  
Old 05-20-2008
Georgerufus Georgerufus is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by jviehe View Post
One problem with that is that its not found everywhere, so it would have to be transported. The technology doesnt quite exist yet to make enough energy either. Nuclear however is proven and efficient.
I don't think western scientists will.. China is already exploring areas where western companies refuse to go.
Demand for chinese recources is insatiable .. they're going to have to invest heavily in exploration and consequentially geoscience. If it happens, I think it will be the chinese who do it.

In the meantime as a supplement geothermal is definently a reality.
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  #115 (permalink)  
Old 05-20-2008
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by Georgerufus View Post
I don't think western scientists will.. China is already exploring areas where western companies refuse to go.
Demand for chinese recources is insatiable .. they're going to have to invest heavily in exploration and consequentially geoscience. If it happens, I think it will be the chinese who do it.

In the meantime as a supplement geothermal is definently a reality.
Sure, and we already use some geothermal. THe technology simply isnt at the point to make it profitable and efficient. Meanwhile coal, oil and nuclear is. Nuclear is simply the next step towards whatever we find in the future.
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  #116 (permalink)  
Old 06-02-2008
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Richard Osborne Richard Osborne is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

Here's an idea: we nationalize the oil deposit in North Dakota, then set up a publicly owned non-stock, non-profit corporation to obtain the oil and refine it into gasoline, then sell the gasoline to our people at cost.
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  #117 (permalink)  
Old 06-02-2008
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Re: Massive Oil Deposit could Increase US reserves by 10x

Well, that's an idea.

It's a dumb idea, but it's an idea.


It's time to start looking at long-term solutions.
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  #118 (permalink)  
Old 06-02-2008
Norrin Radd Norrin Radd is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by pramjockey View Post
Well, that's an idea.

It's a dumb idea, but it's an idea.


It's time to start looking at long-term solutions.
Like what, for instance?
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  #119 (permalink)  
Old 06-02-2008
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pramjockey pramjockey is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

Alternative sources of energy.

Drastic increases in energy efficiency.
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  #120 (permalink)  
Old 06-02-2008
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jviehe jviehe is offline
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Re: Massive Oil Deposit could Increase US reserves by 10x

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Originally Posted by Richard Osborne View Post
Here's an idea: we nationalize the oil deposit in North Dakota, then set up a publicly owned non-stock, non-profit corporation to obtain the oil and refine it into gasoline, then sell the gasoline to our people at cost.
Bad idea, as it would allow unfair competition between the country and private companies. Not to mention its theft of NDs resources.
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