Comments on Paul Ausick's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/paul-ausick/articles http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-228935 228935 Tue, 12 Aug 2008 18:33:48 -0400
There is no single solution to the U.S. energy problem. The solution will be a combination of energy conservation, more fuel efficient vehicles, more domestic drilling (including offshore and ANWR), coal to liquids, natural gas vehicles, and enhanced oil recovery (with carbon dioxide).

Global warming is a hoax, but peak oil is real.]]> http://seekingalpha.com/article/81326-crude-inventory-down-gasoline-inventory-up-whither-pump-prices?source=feed#comment-206401 206401 Tue, 15 Jul 2008 18:00:17 -0400 http://seekingalpha.com/article/81326-crude-inventory-down-gasoline-inventory-up-whither-pump-prices?source=feed#comment-202313 202313 Thu, 10 Jul 2008 12:22:42 -0400 http://seekingalpha.com/article/81326-crude-inventory-down-gasoline-inventory-up-whither-pump-prices?source=feed#comment-202050 202050 jack]]> Thu, 10 Jul 2008 08:06:33 -0400 > jack]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-194234 194234 Fri, 27 Jun 2008 11:41:34 -0400 http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189552 189552 Fri, 20 Jun 2008 22:58:01 -0400 energytomorrow.org/About/]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189475 189475 Fri, 20 Jun 2008 18:16:03 -0400 This is easily the least researched/thought out article I've read on this site.
The author doesn't state where he got ANY of his data from; the "10 years" to develop a well in areas where oil is literally bubbling out of the ground, he completely skips the trillions of gallons of natural gas which is at the ready right now on the North Slope, offshore, and in numerous other places.
Not only has he done ZERO due dilligence on his stated topic, he has ZERO understanding of geopolitical pressures, and sadly misled on the Gorebull warming scam.
I live in Washington State (moonbat central), and we've broken most records for cold temperatures back to the 1930's this year.
Remember Mt. St. Helens? The glacier that caps it is growing at such high rate that it is expected to grow back to it's original height - even though it's still dribbling lava out the top.
There's been 3,000 scientific robots plying the worlds oceans since 2003 searching the world's oceans looking for evidence the oceans are warming - can't find any, so the new theory is that the "heat is going deep" www.npr.org/templates/...
uh huh.
Granted, the earth has been slowly warming for many thousands of years, but there is ZERO evidence it has anything to do with us.
The answer is to stop destroying our economy for purely political reasons, let the oil companies do their job without all this BS, and let the alternative energy companies do their business with no more or no less subsidies that any energy company would realize.]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189450 189450 Fri, 20 Jun 2008 17:09:22 -0400
As for drilling not effecting prices I don't follow your logic. A large reason for the increase is futures prices. Futures will be reigned in when there is a tidal wave of American oil just over the horizon. In addition to that Just because the effect isn't instant doesn't mean we shouldn't persue it. That is like saying we shouldnt put money in a retirement accout because we won't be able to use it until we turn 55.

The biggest reason for drilling is it will direct billions of dollars currently going to opec back to America.

One other thing that is very important is we have to drill responsibly we have to respect the shorelines and wildlife of this country. If the oil companies screw this up they will face an angry population that just might lead to a nationalization of there assets and that would be terrible tragedy.

by the Way I'm a shareholder of Exxon and I have every confidence the cuirrent management can break out of there highly conservative investment strategy and take advantage of this once in a century opportunity to meet the needs of the American people.]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189381 189381 Fri, 20 Jun 2008 15:08:29 -0400
That's market economics.

"we can't drill our way out of this addiction" is crapola. Of course we can. There's enough oil in this world to keep us going for a hundred years or more, during which research will presumably make alternatives more economically feasible. It's crazy to insist on alternatives NOW, when they need subsidies to even EXIST and that means tax dollars and economic difficulties... why not bring more oil online now, and work on economically doable alternatives all along?

Stupid Dimocrats. They've treed themselves with this envirostuff.. their poor, whom they say they care about, are seeing the price of EVERYTHING skyrocket. "Poor, minorities hardest hit" as the papers often say about Republican policies.]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189314 189314 Fri, 20 Jun 2008 13:49:54 -0400
What an amazing bit of logic- because something can't help short term, do nothing!! That is the exact same logic used 10 years ago that helped get us right where we are today. Amazingly short-sighted...and now we are paying for those decades of always doing nothing, because it won't help "right now". Seriously stupid policy, IMHO.]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189206 189206 Fri, 20 Jun 2008 12:14:12 -0400 http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189187 189187 Fri, 20 Jun 2008 12:00:27 -0400
I think I was clear that I understand (from direct personal experience) why and E&P company doesn't drill on a lease right away. In fact, there are more reasons than those you state, including inability to marshal enough resources right now (due to capital costs and labor availability) and desire to "tie up" a lease to prevent a competitor from getting it.]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189140 189140 Fri, 20 Jun 2008 11:12:29 -0400
One thing I do know: oil companies are looking for all of the drilling inventory that can find tht meets economic hurdles. They are not just sitting and waiting because they can; they are sitting because either the are
1) studying the acreage to decide where to drill
2) waiting on permits from governments which take forever
3) waiting on surface owners to give them surface use permits if its in the Rockies and the federal land is split between a surface user and a minerals/oil lessee
4) the property isn't economic at today's prices/costs]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189116 189116 Fri, 20 Jun 2008 10:55:38 -0400
But since this is true, I don't see any problem with the government getting the best deal possible, and charging for undrilled leases, as opposed to letting E&P companies just park on them for (potentially) the entire lease period. This is not a deal that could have been struck in, say, 1997, when oil was cheap. But now that it's expensive, lease-holders--including the U.S. government--have a leverage to negotiate (or re-negotiate) a "put-up-or-shut-up" lease. Certainly I'd do that if I were a private landowner negotiating a lease.]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189114 189114 Fri, 20 Jun 2008 10:52:28 -0400
The only problem is we're sending nearly a trillion dollars overseas each year TODAY to import energy. As a result we'll go BROKE long before any dreams of a world of clean energy come to fruition. Or hadn't you thought of that...? ]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189105 189105 Fri, 20 Jun 2008 10:39:38 -0400
In their infinite stupidity, the "Dim-wit-O-craps" whine that "big oil" is not utilizing the federal leases they now have. For starters, not all if these tracts are economically productive. Off set acreage may have proven barren, which is not a favorable indicator that there is a good chance for potential production in the vicinity. Completed wells may be waiting for pipe lines or on shore facilities to be constructed so the oil or gas can be transported to market. Exploration (seismic or otherwise) may not have been completed, thus delaying drilling on the most favorable location. Off shore drilling rigs are in high demand, and there is a waiting period before they can be engaged and brought to location. Even if all the definitive exploration, evaluation, permitting, and equipment was in place, off shore drilling requires massive amounts of money. Even the largest oil corporations in the world could not afford to drill all of their leased acreage at the same time. Like any other business, they must budget their funds to the most likely prospects, and the ones where a return on investment is the quickest.]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189023 189023 Fri, 20 Jun 2008 09:15:43 -0400 http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-189020 189020 Fri, 20 Jun 2008 09:14:39 -0400
Current oil prices have very little to do with speculation.
The simpliest explaination is the correct one: Constrained supplies, growing demand and an inelastic commodity.

If you look at EIA (Energy Information Agency) data, it clears show supplies growing prior to 2003 and then plateauing at 85 mbl/day.
At the same time the plateau occured, oil prices (in USD) shot up 6 fold.
]]> http://seekingalpha.com/article/82041-bush-s-new-drilling-proposal-fixing-a-hole?source=feed#comment-188954 188954 Fri, 20 Jun 2008 07:34:08 -0400 http://seekingalpha.com/article/81326-crude-inventory-down-gasoline-inventory-up-whither-pump-prices?source=feed#comment-186306 186306 Mon, 16 Jun 2008 09:14:48 -0400 http://seekingalpha.com/article/81326-crude-inventory-down-gasoline-inventory-up-whither-pump-prices?source=feed#comment-185942 185942 Sun, 15 Jun 2008 13:22:03 -0400 http://seekingalpha.com/article/81326-crude-inventory-down-gasoline-inventory-up-whither-pump-prices?source=feed#comment-185898 185898 Sun, 15 Jun 2008 12:12:54 -0400
Who in U.S. do you think is going rid of of this tyranny? How do you think we are going to do this? The politicians are too stupid and corrupt. Industry leaders are only concerned about their total income at the end of the next quarter. If John Kennedy or Franklyn Rosevelt were president we could take over the failing car companies and build a zillion electric cars (like we did in world war II). We could abolish long haul trucking and rebuild the rail industry. We could give tax credits for solar upgrades and insist that all new construction be as green as possible. We could stop building freeways (urban sprawl) and prevent folks from commuting long distances.

The truth is that none of these things are going to happen. We are in a world of trouble.
]]> http://seekingalpha.com/article/81326-crude-inventory-down-gasoline-inventory-up-whither-pump-prices?source=feed#comment-185871 185871 Sun, 15 Jun 2008 11:13:56 -0400
China needs an additional 5% to deal with current expansion and reconstruction efforts due to snow and earthquake.

India is entering Monsoon Season and Brazil is accelerating its drilling efforts. Chinese Olympics will draw millions of chinese using hundreds of millions of gas/diesel brls.. Ethanol/corn prices ae about to spike because of the Monsoon conditions in the Midwest.

Good luck.

Ps this doesn't even include hurricane in the gulf.]]> http://seekingalpha.com/article/81326-crude-inventory-down-gasoline-inventory-up-whither-pump-prices?source=feed#comment-185840 185840 Sun, 15 Jun 2008 10:19:45 -0400
When the US finally gets serious about ridding us from the tyranny of oil, the "Saudi royals" will be hanging from bridges as the oil economies of that region will collapse.

Their welfare states will crumble and the people of the region will be returned to the third world status they rightfully deserve.]]>