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Originally Posted by f0ca1
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That link says nothing about offshore areas apart from ANWR's coastal plain. Did you think it did?
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Originally Posted by f0ca1
It just won't be a permanent drop. None of the wells would be producing for several years, even then, drops in the bucket.
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The portion of the futures market that deals with those 'several years' would be strongly affected.
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Originally Posted by f0ca1
Less oil offshore than ANWR, and the affect of that, the biggest reserve, is minimal and years from now, as I claimed, and proved.
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Proved? Your only link did not mention any offshore land other than ANWR's offshore.
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Originally Posted by f0ca1
If we had a significant supply of oil, one that would affect prices by more than negligible margins, you might have a point.
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I'm sure you have plenty of good reasons to oppose shale oil.
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Originally Posted by f0ca1
I don't think I addressed you, personally.
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You didn't, hence my edit prior to your post.
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Originally Posted by f0ca1
If there's a "moonshot" we need, it's a sustainable alternative; the moonshot is an accessible oil-free engine.
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Tesla Motors, my friend, Tesla Motors.
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Originally Posted by f0ca1
So, you contend that the impact of the trickle of oil will magically reduce prices beyond the material impact?
Once the drills are producing, the affect ceases to have the magical luster of psychological impact, as it's no longer possible for traders to wield fantasies of what the actual impact will be.
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No, I contend that the laws of economics mean that when supply and demand are tight, the removal of 1% of supply has a greater effect than just a 1% raising in the prices. That's what I contend.
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Originally Posted by f0ca1
It has little to do with politics, and everything to do with facts. Facts you ignore, and fail to provide.
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You have provided nothing except a government article which was completely limited to ANWR and discussed nothing else.
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Originally Posted by f0ca1
Do you understand that if production is X, supply is Y, and Z is prices, and X increases at a much higer rate than Y, Z will increase?
Show me any evidence that Y is big enough for Z to have a net decrease.
Otherwise, you're peddling a non-solution.
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Sure, shale oil from the Bakken and Green River Formations. Oil finds off the coasts of the continental US. Plenty out there.
07-18-2008, 09:55 AM
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