Comments on: Drilling in the Gulf has real risks. http://www.scottharney.com/2008/07/01/drilling-in-the-gulf-has-real-risks/ Notes about life, *nix, and other stuff. Mon, 13 Dec 2010 07:32:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: scotth http://www.scottharney.com/2008/07/01/drilling-in-the-gulf-has-real-risks/comment-page-1/#comment-20034 scotth Fri, 25 Jul 2008 00:49:20 +0000 http://www.scottharney.com/2008/07/01/drilling-in-the-gulf-has-real-risks/#comment-20034 Amory Lovins on <a href="http://video.google.com/googleplayer.swf?docId=5180727472968504962:1503000:1655000&hl=en" rel="nofollow">Charlie Rose</a> regarding opening the OCS to drilling and exploration: "There no <em>business case</em> for it..." Amory Lovins on Charlie Rose regarding opening the OCS to drilling and exploration: “There no business case for it…”

]]> By: scotth http://www.scottharney.com/2008/07/01/drilling-in-the-gulf-has-real-risks/comment-page-1/#comment-20026 scotth Fri, 25 Jul 2008 00:11:08 +0000 http://www.scottharney.com/2008/07/01/drilling-in-the-gulf-has-real-risks/#comment-20026 It hasn't exactly dropped a lot and longer term it's not going to get us back to $2/gal and probably not $3/gal. So the idea of opening that door has a temporary psychological impact on Wall Street, but what good does that really do? Again, I refer to the idea of costs vs benefits , and that the potential costs far outweigh the benefits. It's long past time to start coming up with a sensible long-term energy policy. I say this as I sit less then a mile away from a river that experienced a spill yesterday of some 400000 gallons of fuel. The smell outside alone will give you a headache within minutes. Now transport != drilling or even just talking about drilling to try and influence the market. But the point still stands that maybe that effort is better spent elsewhere. I could go on and on. LA has allowed drilling off its shores for years with little control. And we lose a football field of land every 45 minutes due to coastal erosion. This is partly a result of Mississippi river levees and partially due to miles and miles of service canals dug over the past 70 years by the oil and gas industry. I'm not saying that the oil & gas industry hasn't brought benefits to the state over those years, but that the picture is more mixed and complex than the current political rhetoric implies It hasn’t exactly dropped a lot and longer term it’s not going to get us back to $2/gal and probably not $3/gal. So the idea of opening that door has a temporary psychological impact on Wall Street, but what good does that really do? Again, I refer to the idea of costs vs benefits , and that the potential costs far outweigh the benefits. It’s long past time to start coming up with a sensible long-term energy policy.

I say this as I sit less then a mile away from a river that experienced a spill yesterday of some 400000 gallons of fuel. The smell outside alone will give you a headache within minutes. Now transport != drilling or even just talking about drilling to try and influence the market. But the point still stands that maybe that effort is better spent elsewhere.

I could go on and on. LA has allowed drilling off its shores for years with little control. And we lose a football field of land every 45 minutes due to coastal erosion. This is partly a result of Mississippi river levees and partially due to miles and miles of service canals dug over the past 70 years by the oil and gas industry.

I’m not saying that the oil & gas industry hasn’t brought benefits to the state over those years, but that the picture is more mixed and complex than the current political rhetoric implies

]]> By: Storagezilla http://www.scottharney.com/2008/07/01/drilling-in-the-gulf-has-real-risks/comment-page-1/#comment-19160 Storagezilla Thu, 17 Jul 2008 19:02:20 +0000 http://www.scottharney.com/2008/07/01/drilling-in-the-gulf-has-real-risks/#comment-19160 You don't have to drill. The US doesn't even have any extra processing capacity right now, but by allowing that oil and gas to be tapped if required you drive down the price as potential supply goes up. That's why the price of oil dropped. Remember it's the market that's setting the price and the market works on what they expect to happen not what does happen. You don’t have to drill. The US doesn’t even have any extra processing capacity right now, but by allowing that oil and gas to be tapped if required you drive down the price as potential supply goes up.

That’s why the price of oil dropped. Remember it’s the market that’s setting the price and the market works on what they expect to happen not what does happen.

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