Something I dont understand...
Drill baby drill,
If foreign owned companies (such as BP) drill on American Land, isnt that oil property of America?
If they are drilling our oil, should we not be the 1st country to use it?
From what I understand the oil is sold on the world market, and we have to pay the going rate for that oil? So how does this benefit us if we are re-importing this oil at higher prices?
Its confusing but oil is sold on a worldwide market. The industry preaches that drilling for oil domestically will make the USA less dependent on foreign oil. The average American thinks that means if the oil is drilled here fuel will be cheaper. But that's a bunk of shit.
Whats strange is so many anti-government people believe this in states like Louisiana that buy into it, yet on the other hand they yell "socialist" at every thing else.
Our Country oil industry is not nationalized like Mexico, Brazil, or my employer (CITGO) Venezuela. So as a Capitalist nation the maker of the product sells the product how they want in lieu of leases, contracts, & royalties.
You take a state like Louisiana that as allowed the slow death of its lands by whoring them out, while Deepwater is the mother lode of disaster, the state was being skunked slowly with a lot of oil/haz-mat spills bringing its natural lands down slowly. A couple of weeks before Deepwater blew Chevron lost a main pipeline on channel 69 bringing oil from the platforms to the empire City terminal. Luckily it was in the middle of a tax payer operated National Wildlife refuge (sarcasm) only accessible by boat and would get little press as it spilled thousands of gallons into the wetlands. What press was given to that accident was shadowed quickly by Deep water and Chevron gave a sigh of relief but had little to worry about anyway.
This is not a rare occurrence here, but doesn't get press. Just fucks the wildlife up who aren't talking. I remember being at our Lake Charles refinery in the mid 90's and it belched out just shy of a 100,000 gallons of oil into the wonderful Louisiana soils.
All these sort of spills add up, like a cancer from smoking over time.
But the people are to stupid to figure out they are getting a bad deal. After all the royalties are nil, and the biggest most profitable companies in the world are making money, or they wouldn't be there.
"Its our oil" it will keep `em gasoline prices low,... that's the mentality. Plus all them good jobs!
...... Yet with all that big business cranking out money Louisiana is the 2nd poorest state in the USA!
Looks like it isn't really helping the state being all that prosperous after all!
Those with the biggest faucet and most money control price and where it goes. So even a big find is found the one's with the hand on there faucet (OPEC) just turns there production down and also set prices with the oil companies.
Oil moves quantities and prices move strictly on paper regardless of where drilled. Of course you are not going to physically move product drilled off Louisiana to be refined in Venezuela if you have a nearby refinery.... makes more $$$ to produce & sell product as close as possible, though that oil price is not set because it was drilled nearby.
da pyramids is pointy
My favorite!
