A different take on oil profits...

Troubleshooter · 11-11-2005, 02:28 PM

http://www.reason.com/hod/sd110905.shtml

Inherit the Windfall
The defense of oil profits we'll probably never see
Shikha Dalmia

When surging oil profits prompted both conservative and liberal members of Congress to summon oil company executives to Capitol Hill for a hearing earlier today, a public relations rookie crafted the statement below for the oil chiefs to deliver to their interrogators. Cooler heads prevailed, however, and the statement was discarded in a gilded trash bin. An underpaid Reason intern moonlighting as a janitor salvaged it for publication. Here it is:

...more...

busterb · 11-11-2005, 05:54 PM

Good read. Also some good oilfield topics at the oil drum. Since oil in one way or other made my living for years, I still read articles about the oil field. bb
http://www.theoildrum.com/

richlevy · 11-11-2005, 06:31 PM

I still find it funny that they want to sell me oil from my land (ANWAR is owned by every US citizen). I'm almost tempted to let them drill there, if they will post a 100 billion dollar bond guaranteeing that they would put it back the way they found it when the oil runs out.

After 50 years of toxic waste sites and brown fields, noone believes that corporations can operate with low environmental impact. Certainly noone expects this adminstration to enforce any such agreement.

xoxoxoBruce · 11-12-2005, 11:06 PM

Having been to the North Slope, I'd say if they walked away from that one with out doing a thing, it would have no real impact on the area. The footprint of the oil operations there is tiny plus they haven't sullied far and wide either.

Undertoad · 11-13-2005, 07:03 AM

I'll take the oil from my section of that land then.

richlevy · 11-13-2005, 11:02 AM

Quote:

Originally Posted by Undertoad

I'll take the oil from my section of that land then.

Well it might not be as bad if the government could get a fair price, but looking at how other government lease operations are run it always seems to be the insiders paying an artificially low price.

In ANWAR's case, the highest bid would be rejected 'for national security' or due to 'inability to effectively develop resources' in favor of the largest campaign donors.

11-11-2005, 02:28 PM	#1
Troubleshooter The urban Jane Goodall Join Date: Jan 2004 Location: Florida Posts: 3,012	A different take on oil profits... http://www.reason.com/hod/sd110905.shtml Inherit the Windfall The defense of oil profits we'll probably never see Shikha Dalmia When surging oil profits prompted both conservative and liberal members of Congress to summon oil company executives to Capitol Hill for a hearing earlier today, a public relations rookie crafted the statement below for the oil chiefs to deliver to their interrogators. Cooler heads prevailed, however, and the statement was discarded in a gilded trash bin. An underpaid Reason intern moonlighting as a janitor salvaged it for publication. Here it is: ...more... __________________ I have gained this from philosophy: that I do without being commanded what others do only from fear of the law. - Aristotle

11-11-2005, 05:54 PM	#2
busterb NSABFD Join Date: Jul 2004 Location: MS. usa Posts: 3,908	Good read. Also some good oilfield topics at the oil drum. Since oil in one way or other made my living for years, I still read articles about the oil field. bb http://www.theoildrum.com/ __________________ I've haven't left very deep footprints in the sands of time. But, boy I've left a bunch.

11-11-2005, 06:31 PM	#3
richlevy King Of Wishful Thinking Join Date: Jan 2001 Location: Philadelphia Suburbs Posts: 6,669	I still find it funny that they want to sell me oil from my land (ANWAR is owned by every US citizen). I'm almost tempted to let them drill there, if they will post a 100 billion dollar bond guaranteeing that they would put it back the way they found it when the oil runs out. After 50 years of toxic waste sites and brown fields, noone believes that corporations can operate with low environmental impact. Certainly noone expects this adminstration to enforce any such agreement. __________________ Exercise your rights and remember your obligations - VOTE! I have always believed that hope is that stubborn thing inside us that insists, despite all the evidence to the contrary, that something better awaits us so long as we have the courage to keep reaching, to keep working, to keep fighting. -- Barack Hussein Obama

11-12-2005, 11:06 PM	#4
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Having been to the North Slope, I'd say if they walked away from that one with out doing a thing, it would have no real impact on the area. The footprint of the oil operations there is tiny plus they haven't sullied far and wide either. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

11-13-2005, 07:03 AM	#5
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	I'll take the oil from my section of that land then.

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