US clears more deepwater oil drilling in Gulf

Tricky Grama · #21 03/13/11, 08:01 AM

Quote:

Originally Posted by naturelover

It was just a simple question man, no need to get in a huff about it.

Why don't you have higher taxes on it like everyone else then?

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When we were in Canada, a 'native' told us the tax was so high b/c that is how HC is paid for.

naturelover · #22 03/13/11, 08:40 AM

Quote:

Originally Posted by Tricky Grama

When we were in Canada, a 'native' told us the tax was so high b/c that is how HC is paid for.

Yes, taxes do contribute towards a portion of healthcare expenses, however provincial and federal taxes here were always high anyway even before universal healthcare came about. Canada is just an expensive place to live overall compared to America and some other places.

Did the 'native' tell you what his annual health insurance premiums are as well, and that anyone who has annual income over $10,000 pays health insurance premiums? - the insurance premiums are based on income and each province has its own healthcare insurance plan. Under $10G then healthcare is paid through taxes but low income citizens still pay taxes on everything with little tax returns. There's no escaping from taxes, doesn't matter who you are.

There are 2 sure things in all of our lives that are guaranteed - taxes and death. Besides those 2 things nothing else in life is guaranteed.

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Bearfootfarm · #23 03/13/11, 09:14 AM

Quote:

I just don't like it that we pay higher prices for our own national product.

You're not paying more for the product.
The difference is the tax alone

naturelover · #24 03/13/11, 09:51 AM

Quote:

Originally Posted by Bearfootfarm

You're not paying more for the product.
The difference is the tax alone

Six of one and half a dozen of the other. I still think we should be paying less domestically for our own essential energy product that we are exporting to other places, taxes or not bedarned. I'm also not amused that western Canada is exporting oil to other countries while eastern Canada has to import oil from other countries because we don't have our own pipeline from west to east, (and we have very few refineries) but there's a pipeline going across the border from north to south and now they're talking about putting a pipeline through to the west coast for export purposes.

I really think that Canada should have looked after ALL of it's own domestic needs first everywhere across the country from west to east before supplying any other countries' needs and that we should be paying lesser prices for our own product.

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mekasmom · #25 03/13/11, 10:14 AM

I'm all in favor of using our own natural resources, as long as we don't ship them off to the world market. They are ours, we should use them ourselves to lower our prices.

greg273 · #26 03/13/11, 10:30 AM

Quote:

Originally Posted by mekasmom

I'm all in favor of using our own natural resources, as long as we don't ship them off to the world market. They are ours, we should use them ourselves to lower our prices.

Unless you own an oil well, those resources are not 'yours', they belong to the oil company. You know, the whole 'free market capitalism' thing. And that oil company is under no obligation to sell that oil to anyone for a discount.
I guess your strategy to 'nationalize' the oil companies might work to 'lower prices'.... for about a day or so, until domestic demand outstripped domestic supply.

Beeman · #27 03/13/11, 11:33 AM

Quote:

Originally Posted by mekasmom

I'm all in favor of using our own natural resources, as long as we don't ship them off to the world market. They are ours, we should use them ourselves to lower our prices.

That's the part few get. Our resources will be sold to us at world market value even if it's sold to us. This isn't a closed economy or a gov't owned industry. I think gas is cheap in Venezuela.

Wanderer0101 · #28 03/13/11, 12:42 PM

Quote:

Originally Posted by KnowOneSpecial

In the press conference this last week he pointed out that there's quite a few leases NOT being explored. He's ordered whoever is in charge of it to investigate why they aren't being developed.

It's almost like those benevolent folks at the oil company are holding the leases and not exploring so that they can drive the price of gas up. But they wouldn't do that to us, would they? After all, there's no such thing as a Big Bad Oil Company. They're all our bosom buddies, right?

A complete red herring. You may not know it but for sure Obama does. Anyone involved in the energy business knows how leasing and exploring works and what he said and what you said just expose complete ignorance or deliberate disinformation. There's a whole lot more to it than just having the least. There are acres of permits to get through for one thing and guess what, Obama and his environazis are making the process ever more difficult. On the one hand he criticizes them for not doing enough and on the other hand he makes it just as hard as he possibly can. The duped and the worshipers all suck it up without question.

7thswan · #29 03/13/11, 01:15 PM

I heard the other day they gave out 1 permit. I wouldn't be surprised if that's all that will be given, probably change the requirements anyway.

greg273 · #30 03/13/11, 07:43 PM

Quote:

Originally Posted by 7thswan

I heard the other day they gave out 1 permit. I wouldn't be surprised if that's all that will be given, probably change the requirements anyway.

The Bureau of Ocean Energy Management has approved over 40 new well permits, as well as hundreds of permits to modify or otherwise alter existing wells, since October of 2010. And according to their statements, the pace will be increasing.

The numbers are here...

http://www.gomr.boemre.gov/homepg/of...l_permits.html

Bearfootfarm · #31 03/13/11, 08:21 PM

Quote:

over 40 new well permits

Only 4 of those were new DEEP WATER wells.

There were no bans on the others anyway

Sanza · #32 03/15/11, 12:58 AM

Quote:

Originally Posted by naturelover

Six of one and half a dozen of the other. I still think we should be paying less domestically for our own essential energy product that we are exporting to other places, taxes or not bedarned. I'm also not amused that western Canada is exporting oil to other countries while eastern Canada has to import oil from other countries because we don't have our own pipeline from west to east, (and we have very few refineries) but there's a pipeline going across the border from north to south and now they're talking about putting a pipeline through to the west coast for export purposes.

I really think that Canada should have looked after ALL of it's own domestic needs first everywhere across the country from west to east before supplying any other countries' needs and that we should be paying lesser prices for our own product.

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LOL naturelover, I have to say as a westerner I don't care one bit about what happens with eastern Canada.....they don't care about ripping us off with freight charges for items coming or going from the west. Don't you remember that old slogan from 30+ years ago "Let those eastern B-----ds freeze in the dark"?
Aside from that - there is always new technology to extract the oil, and places that were not feasible before will become an option again. There is a place in Utah where they want to start extracting the bitumen like they do up here. Our Ft. Mac oil sands is a good example of that and it's situated in a area that is mostly muskeg - unusable for farming.....(just for the sake of people that don't know anything about the area you can walk in some areas and your footprints will have oil seeping into them)
Most of the companies up here are american, there is more then one pipeline that goes down to the states, and there is another one in the making right now (my son works environment on these pipelines) The prices are locked in a year or so ahead of time which is why the states get gas prices lower - they're locked in and we're current rate - sucks I know. But then look at the price the states are paying with the wars, trying to keep their middle east oil tap flowing.

Fowler · #33 03/15/11, 10:34 AM

Drill baby Drill!!...This means more work for everyone....Happy days

arabian knight · #34 03/15/11, 05:45 PM

Sure does, as cheaper oil means the economy can take people have more money in their pocket, they BUY More, sending the economy into a nice upward swing.

farmerpat · #35 03/15/11, 07:49 PM

Quote:

Originally Posted by KnowOneSpecial

In the press conference this last week he pointed out that there's quite a few leases NOT being explored. He's ordered whoever is in charge of it to investigate why they aren't being developed.

It's almost like those benevolent folks at the oil company are holding the leases and not exploring so that they can drive the price of gas up. But they wouldn't do that to us, would they? After all, there's no such thing as a Big Bad Oil Company. They're all our bosom buddies, right?

No, the oil companies are NOT holding on to the leases to drive the price of gas up. My d/h subcontracted for an oil company 2 years ago. As soon as OBAMA signed the drilling ban, our work DRIED UP, and so did all of the jobs of the other subcontractors and employees of the oil company. Sorry, this isn't some big conspiracy by oil companies. It's Obama NOT liking oil or coal, a nd doing everyting in his power to ration it.

farmerpat · #36 03/15/11, 07:50 PM

It's still a moot point, because the drill rigs have MOVED ON. They sure weren't gonna stand by and wait for Obama to change his mind, so they moved out and were leased by other international companies.