Does that make them hypocrites? All of the sudden Pelosi et al are on the drilling band wagon. What do the defenders of the demos say now? Or will you ignore the subject?

__________________
1993 300E 2.8 185k miles
2006 Mustang Convertible 4.0 Eaton Supercharged

Trust me, from here on out, everybody is for everything that everybody is not against.

__________________
-Marty

1986 300E 220,000 miles+ transmission impossible
(Now waiting under a bridge in order to become one)

Reading your M103 duty cycle:
http://www.peachparts.com/shopforum/831799-post13.html
http://www.peachparts.com/shopforum/831807-post14.html

Amen.

McCain is for CHANGE.........
Welcome to the crazy season.

I don't get why drilling is still a big political issue.
Oil is getting close to breaking $100.

AP
Oil falls as Ike strengthens toward Texas
Thursday September 11, 7:51 am ET
By George Jahn, Associated Press Writer
Oil falls despite threat from Hurricane Ike as it approaches Texas oil installations


VIENNA, Austria AP) -- Oil prices slipped further Thursday despite concerns about Hurricane Ike's potential to harm refinery operations in the Gulf of Mexico, falling U.S. crude inventories and an OPEC decision to cut production by 500,000 barrels a day.
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The downward trend reflected fears of continued weak demand because of world economic weakness and the strengthening U.S. dollar, which makes oil less atractive as a safe have for investors.

Light, sweet crude for October delivery fell 88 cents to $101.70 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe. The contract fell 68 cents overnight to settle at $102.58, the lowest close since April 1.

Ike, coming on the heels of last week's Hurricane Gustav, was expected to blow ashore early Saturday somewhere between Corpus Christi and Houston, with some forecasts saying it could become a Category 4 storm.

"We're at the peak of hurricane season, and the market is reacting to these big storms coming through the Gulf," said Mark Pervan, senior commodity strategist with ANZ Bank in Melbourne.

On Thursday, Ike was a Category 2 storm with winds near 100 mph (161 kph). It was churning about 645 miles (1,038 kilometers) east of Brownsville, Texas, and moving west-northwest at near 9 mph (14.5 kph), after tearing through Cuba and killing at least 80 people in the Caribbean.

Texas is home to 26 refineries that account for one-fourth of U.S. refining capacity, and most are clustered along the Gulf Coast in such places as Houston, Port Arthur and Corpus Christi. Exxon Mobil Corp.'s plant in Baytown, outside Houston, is the nation's largest refinery.

Refineries are built to withstand high winds, but flooding can disrupt operations and -- as happened in Louisiana after Gustav -- power outages can shut down equipment for days or weeks.

A decision Wednesday by the Organization of Petroleum Exporting Countries to reduce output by 520,000 barrels a day failed to boost oil prices, which have fallen 30 percent since reaching a record $147.27 on July 11 on concerns slowing global economic growth will undermine demand for crude.

"OPEC was trying to slow this steep decline," Pervan said. "But we're in a bearish trend right now and I still expect the price to fall another $10."

Trader and analyst Stephen Schork suggested prices could fall even lower, to $75, "which is exactly where oil was last September."

Evidence of falling U.S. crude inventories -- which normally push prices higher -- also failed to stop Thursday's decline. The Energy Department's Energy Information Administration said Wednesday that crude inventories fell by 5.9 million barrels last week compared to the previous week, and that gasoline inventories fell by 6.5 million barrels. The EIA also reported, however, that inventories of distillates -- which include heating oil and diesel fuel -- fell by a lower-than-anticipated 1.2 million barrels.

In other Nymex trading, heating oil futures rose less than a penny to to $2.9085 a gallon, while gasoline prices gained more than 3 cents to $2.6950 a gallon. Natural gas for October delivery rose more than 12 cents to $7.517 per 1,000 cubic feet.

In London, October Brent crude was down 62 cents at $98.35 a barrel on the ICE Futures exchange.

Associated Press writer Alex Kennedy contributed to this report from Singapore.

__________________
cult plus time equals religion

IMO price isn't the driving force behind domestic drilling/exploration; it's dependence on foreign sources and security.

__________________
1993 300E 2.8 185k miles
2006 Mustang Convertible 4.0 Eaton Supercharged

That can only be the case if we nationalize the oil companies. If profit is their motive, it is an implicit tax to force them to drill when it's cheaper to buy.

I 'JUST HEARD' on WTOP this morning the real reason behind the oil price spike. It is SPECULATION New speculators (large inverstors such as pension funds and school endowments) have driven the price up as they ****fed money from stocks to commodities (as if I have not been saying this for mnonths) Now they are getting out of oil and moving back into stocks (picking up bargains) and the price of oil is 'miraculously' falling. Even Hurricane IKE ans our OPEC friends cutting production is not shoring up the price

When I started hearing on the radio that 'This is the right time to buy oil futures" I knew thhe bubble was about to burst! I expect it to slide under $100 soon and *think* that it will it it's real price of around $64/bbl (judging from demand)


Of course Nancita "Drill over my cold dead body' Pelosi has shifted her stance. She is desperate to keep her own party from lynching her. When I heard that the Politburo of the People's Republic of Santa Monica (city council) called for drilling I knew she had lost her base of support

__________________
"I have no convictions ... I blow with the wind, and the prevailing wind happens to be from Vichy"

Current
Monika '74 450 SL
BrownHilda '79 280SL
FoxyCleopatra '99 Chevy Suburban
Scarlett 2014 Jeep Cherokee
Krystal 2004 Volvo S60
Gone
'74 Jeep CJ5
'97 Jeep ZJ Laredo
Rudolf ‘86 300SDL
Bruno '81 300SD
Fritzi '84 BMW
'92 Subaru
'96 Impala SS
'71 Buick GS conv
'67 GTO conv
'63 Corvair conv
'57 Nomad

This whole drilling debate is more about politics (winning elections) than
fixing anything. When gas hit $4/gal this debate started so I would say it
is more about price than dependence on foreign oil.

Being pro domestic drilling wins votes because so many think:
"its our oil so it will be sold cheap to us"

I predict oil will go under $100, we will go back to SUV's, large cars/trucks
and be more dependent on foreign oil.

__________________
cult plus time equals religion

Nema.

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

Well said! I'll have to remember that. That's great.

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

Exactly. How much money have the oil company's made since the rise in prices? Drilling Alaska all to heck isn't going to solve the problem after we suck up and use that resource where will it end?

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

Dyslexia kicking in?

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

Why do we care how much they make?

It will give us something to sell as opposed to buying.

__________________
01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

It's coming out of my handbag that's why. On the other hand you do have a point about sellling something vs. importing most of what we get/ have.

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

What about Bush, McCain and just about everyone else? They were all against drilling until it became politically inconvenient. At least the dems stuck to their principles a bit longer. Americans are getting brainwashed just like they were brainwashed with Iraq. I bet if most people took the time to look at the Energy Dept.'s report on offshore oil drilling, specially how it's going to lead to insignificant changes in the price of oil 20-30 years later, this would stop being such an important issue.

__________________
2004 VW Jetta TDI (manual)

Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL