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China's Drilling for Oil in America's Backyard,

Original post made by Peter S, College Terrace, on Jun 11, 2008

House Republicans want the American people to know that right now -- around 60 miles off the coast of Key West, Fla. -- China is drilling for oil, thanks to a lease issued by Cuba.

But 1,200 miles north of Key West, Democrats in Washington are blocking the United States from conducting its own environmentally-safe oil and gas exploration in similar U.S. coastal areas

"Do congressional Democrats actually believe China has more ingenuity and more concern for the environment than the United States?" Republicans asked.Web Link

China will soon be as desperate for energy resources as Japan was in the '30s. I woundn't be surprised if they establish their very own 'Co-Prosperity Sphere' just 90 miles off the coast of Florida.
At Dawn We Slept, The Sequel.

Comments (17)

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Posted by Paul
a resident of Downtown North
on Jun 11, 2008 at 1:18 pm

Cheney and Bush could have easily forestalled this if they had toppled that brutal dictator in Cuba instead of miring our armed forces on the other side of the world.

Where's the Monroe Doctrine? Where's its enforcer?

At Dawn He Slept. At noon he snoozed. At evening he awakens in ashes.

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Posted by a
a resident of Adobe-Meadow
on Jun 11, 2008 at 3:34 pm

China doesn't care about the environment and neither does America.

What everyone DOES care about is living easy. Oil makes life easy. But with oil disappearing and going up to $200 the lazy thing to do is dig for more, or fight over it. What do you think America is doing in the Middle East? To make Iraq better off? Ha, ha. What a joke. Those people don't want us there. We're forcing ourselves on them for oil.

Get used to it: War for Oil, America, China, Europe, Russia, the Middle East, Southeast Asia - it's everyone's business.

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Posted by harry
a resident of Barron Park
on Jun 11, 2008 at 3:40 pm

“There is such a thing as legitimate warfare: war has its laws; there are things which may fairly be done, and things which may not be done.

I say it with shame and with stern sorrow; he has attempted a great transgression; he has attempted (as I may call it) to poison the wells.”

Like this comment
Posted by julie
a resident of Midtown
on Jun 11, 2008 at 3:59 pm

A House subcommittee on Wednesday rejected a Republican-led effort to open up more U.S. coastal waters to oil exploration.

Rep. John Peterson, R-Pa., spearheaded the effort. His proposal would open up U.S. waters between 50 and 200 miles off shore for drilling. The first 50 miles off shore would be left alone.

But the plan failed Wednesday on a 9-6, party-line vote in a House appropriations subcommittee, which was considering the proposal as part of an Interior Department spending package.

With record oil prices and gas prices projected to hover around the $4 mark for the rest of the summer, Republicans have ratcheted up their efforts to open up oil exploration along U.S. coastline. But the long-sought change has so far been unsuccessful.

Most offshore oil production and exploration has been banned since a federal law passed in 1981.Web Link

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Posted by Jane
a resident of Professorville
on Jun 11, 2008 at 4:08 pm

“WE’RE not running out of hydrocarbons,” insists Tony Hayward, the boss of BP, one of the world’s biggest listed oil firms.
To back up this view, he cites various comforting figures from the latest edition of the firm’s “Statistical Review of World Energy”, released on Wednesday June 11th.
Enough oil has already been discovered around the world, Mr Hayward says, to maintain consumption at current levels for another 42 years. As he recently put it, humanity has guzzled through 1 trillion barrels, but has its next trillion already lined up, and could probably unearth a third trillion if it really applied itself.
Why then, are oil prices hovering over $130 a barrel?

Mr Hayward blames poor policy-making or, in his florid phrase, “the madness of men”.
Some 80% of the world’s oil reserves, he says, are in the hands of state-owned oil firms, which tend to allow firms like his only limited access.
He believes that if these riches were fully exploited, the world could easily produce 100m barrels a day (b/d) or more.
That’s a big increase on last year’s figure of 82m b/d, and.Web Link

Like this comment
Posted by db
a resident of Duveneck/St. Francis
on Jun 11, 2008 at 4:10 pm

In the 1970s we only had enough oil reserves to last 10 years.

In the 1980s we only had enough oil reserves to last 20 years.

In the 1990s we only had enough oil reserves to last 30 years.

In the 2000s we only have enough oil reserves to last 40 years.

Personally, I do not see a reason to panic.

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Posted by Paul
a resident of Downtown North
on Jun 11, 2008 at 5:25 pm

"Personally, I do not see a reason to panic."

Nope, just pay. The easy oil is gone; what's left is the stuff they left behind on the first go-round because it cost too much to recover at $10/bbl or less. At $130/bbl some of it looks worth going for. At $200/bbl more of it comes within reach, and even more at $300/bbl.

You can have oil forever, all you can afford if not all you want. It's the free market at work.

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Posted by MoreConJobsFromBigOil
a resident of Palo Alto Hills
on Jun 11, 2008 at 10:25 pm

Thanks for that post Paul.

That's the "new game in town" from the oil companies in their full-page newspaper ads - they say we are awash in oil, failing to mention that it's all the "hard to extract" stuff that's left that will cost big bucks to get at.

They love it though as they'll be able to extract even more profit from us that will make their windfall profits of today look like pocket change in the future.

They'll be milking us for every last penny, while oilmen Bush and Cheney will sit back and laugh at all us "gas-pump-suckers."

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Posted by Resident
a resident of Ventura
on Jun 12, 2008 at 1:51 pm

Umm, no, Peter and Paul. This story, which you probably
saw on Fox News, is yet another LIE from Cheney.

Quoted from the Miami Herald:

...prompted Florida Sen. Mel Martinez, who opposes drilling off Florida's coast, to take to the Senate floor Wednesday to -- as his office put it -- ''debunk the myth'' of China drilling in Cuban waters.

"Reports to the contrary are simply false," Martinez said, his remarks delivered just before Cheney spoke. "They are akin to urban legends. China drilling off the coast of Cuba only 60 miles from the Keys, that is not taking place. . . Any talk of using some fabricated Cuba-China connection as an argument to change U.S. policy has no merit."

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Posted by Paul
a resident of Downtown North
on Jun 12, 2008 at 3:43 pm

The deal's for real. If they're not making hole now they will be soon. Google "china cuba oil"

Like this comment
Posted by Gary
a resident of Downtown North
on Jun 12, 2008 at 5:45 pm

Here is a reasonable article that appears to describe the current situation.

Web Link

The essential question is, why doesn't the U.S. exploit its own oil supplies, as well as Uranium supplies? We don't need to wait for China to force our hand. Wall Street is Main Street on this issue; the Sierra Club is acting as a luddite fool, trying to enforce poverty.

We need to act like progressive adults. If not now, when? Low cost energy (oil and nuclear) are the underpinnings of a healthy economy, one that provides hope for the poor, the middle class, the semi-rich and the rich, in other words, all of us. If alternative approaches can meet the demands of real people, so much the better. However, we can only hold our breath underwater for so long, before we need to breath oxygen again...the alternative promises want us to stay underwater for hours, not minutes.

The leftists are commanding (as usual) that we commit economic suicide. Nothing new about their commands, however rational adults are capable of rejecting their ideology. After all, we are a FREE PEOPLE! This means that we are free to reject a restricted, command economy.

We have enormous oil and nuclear resoruces. It is time that we explolit them.

Like this comment
Posted by Walter E. Wallis
a resident of Midtown
on Jun 12, 2008 at 8:01 pm

The Monroe doctrine - Do both Kennedys?

Like this comment
Posted by RealityCheck
a resident of Palo Verde
on Jun 12, 2008 at 9:19 pm

Gary, the whole fallacy of your argument lies right here:
"Low cost energy (oil and nuclear)"

The days of low-cost energy are over - nuclear never was (it exists thanks only to massive gov't subsidies) and the days of cheap oil are now over thanks to global demand.

No matter how much you try to blame the enviros, facts are fact, including the fact that we really don't have much oil here even if you include ANWR - even if we were magically able to pump ANWR at full capacity tomorrow (which we can't - it'll take a good 10 years to do so), we'll still need to kiss OPEC's (and Russia's) your know what for our oil - and if you think they're going to cut us a price break, I got a bridge that I'd like to sell you!

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Posted by Gary
a resident of Downtown North
on Jun 12, 2008 at 10:12 pm

Reality Check,

I think you need to do a reality check. We (USA) have enormous oil reserves, yet we are not even allowed to discover how much we have, because of leftie environmental constraints. If you think I am wrong, on this point, please let us know that you approve of drilling for oil in this ocuntry...wherever it may exist.

In terms of nuclear, there is immense private interest in developing it, yet the investment is limited by greenie obstruction. If you want to bet on the free market, as any rational person should, nuclear will come up as a winner (and in a safe way). You just need to get out of the way.

Alternative forms of energy, while interesting, are not of a scale to solve our current economic challenge. These alternatives are receiving government R&D support, not to mention the capital formation of the free market (created by Reagan, btw). However, until solar/wind come of age, we are stuck with what we have (oil, methane, Uranium). Coal is there, too (big time).

We should be focusing on low cost energy (oil, nuclear...then coal), becasue we still have the enormous opportunity to live with realtively low-cost energy.

You are completely wrong. Mass poverty is NOT a progressive approach! Low cost energy IS a progressiion into the future, however it is achieved.

Get a reality check. I am right, and you are wrong. Having once (marginally) supported Paul Ehlich, as a leftist, I now support Julian Simon, as a realist.

This is not a hard argument to make. It is just simple rationality.

Can you, please, provide a serious argument to counter me? Your argument to scarcity is hackneyed.

Like this comment
Posted by Papa Doodle
a resident of Greater Miranda
on Jun 13, 2008 at 12:01 am

Oil Oil Oil and not a drop...... you think.

The earth is awash in oil the problem is it is controlled by a few people who are manipulating it. You and eveyone else are sucker for the lie this week of only 40 hours of oil left.

There is more oil off the cost of California than there is in all of the middle east. In fact the only place where there is more oil is in Russia.

Come on you environmentalists tell me again that oil comes from dinosaurs. I need another laugh as I go to work and fire up those four big T-56 allison engines tonight.

Hydrocarbon love and kisses
Papa Doodle

Like this comment
Posted by Walter E. Wallis
a resident of Midtown
on Jun 13, 2008 at 3:16 am

Papa Doodle, one essential element to the control of the oil market is lack of competition, a lack assured by the ignorant assaults on domestic oil production. Ten years ago, idiots and democrats [oxymoronic?] cancelled drilling at ANWAR. Now they use the ten year delay as justification for NOT proceeding? That is like saying that since it takes almost 20 years for a baby to become a productive citizen, why bother. In nations like France and Japan where objections receive a hearing but cannot be raised again if resolved, the decision has been nuclear. One can only wonder how much OPECers slip to the environuts to sustain the opposition that enhances the value of OPEC holdings.

Like this comment
Posted by Paul
a resident of Downtown North
on Jun 13, 2008 at 12:03 pm

OK, Walter, I call. How much recoverable domestic oil is there, as a fraction of domestic demand, at what production cost, and what is the projected pump price at each level of recovery, in 2008 dollars? Numbers please, with credible sources cited.

Sorry, but further commenting on this topic has been closed.

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