Drilling in the Gulf of Mexico

@ParaTed2k (22940)
Sheboygan, Wisconsin
November 7, 2007 11:33pm CST
Why is it that Mexico, Cuba and other countries drill in the Gulf of Mexico and the libs in the US leave them to it, but they piss their pants over the very idea of the US doing it?
1 person likes this
3 responses
@Destiny007 (5805)
• United States
8 Nov 07
Because they Want us dependent on OPEC oil. That way every time there is a much needed military action in the Mideast they can lie and say it is for the oil, and there are enough stupid Americans all too eager to believe that nonsense. Also it makes too much sense to drill in the Gulf of Mexico, and one thing the liberals can never be accused of is have good common sense.
1 person likes this
• United States
8 Nov 07
Slaps self on forehead... of course! Given the specific question that was asked, your answer is much more correct than mine! OOPS...
• United States
8 Nov 07
I don't know about the more correct part... but mine took a lot less typing....:)
@MntlWard (878)
• United States
8 Nov 07
How many US citizens can vote in Mexico's elections or have any other political influence in Mexico? I'm sure the people who care about drilling in the Gulf of Mexico are doing what they think they can to influence those countries, but in the long run the environmentalists in the US don't really have any control over other nations.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
8 Nov 07
Libs go down and kiss Hugo Chavez's butt all the time. They talk about how great he is... well, if he can be great and still drill in the Gulf, why do they say that the U.S. can't? It's just more anti American hypocrisy from the libs.
• United States
8 Nov 07
I have a hypothsis concerning that. It is based in solid economic reasoning and how public relations help to shape public opinion. Want to hear it? Keep reading. The major US oil companies keep track of how much oil is sold at what price at the retail level every day. Additionally, I'm quite sure the major US oil companies keep track of how much supply comes to the market each day. It would be an easy matter to calculate how that supply affects the retail price. Using sophisticated mathematical tools it would be easy to calculate the optimum supply for maximum profit. This is what companies are supposed to do. Using the law of supply and demand, we know that too much supply will result in a low price. The oil companies certainly do not want that. Using their records and mathematical tools it would be an easy matter to know how much supply is too much. How to control that? The power of competition and free enterprise is very powerful. If left alone, these forces would result in an unbelievable supply of oil and a low price. Through out history, the power of competition and free enterprise is usually defeated through politics and subterfuge. Could that be going on today? How? I am suggesting the major US oil companies know very well that if the major untapped oil resources of the USA were available to the daily retail supply their profits would plummet. Therefore they must find a reason to not drill! Poltically, they do not dare say out in the open they won't drill because they want to make more money. What to do? I'm suggesting some major oil company CEO's earn their multi million dollar/year salaries by covertly funding anti drilling environmentalists! The increase in their profits would be huge compared to the pittance it would take to keep these fanatics in business. Yes, I am suggesting that,"Environmentalists are the (USEFUL IDIOTS) of the oil companies.". The basis for this supposition is the only economic law I ever discovered or promulgated. Here it is. "Anything that would make money is being done or tried somewhere by someone or will be very shortly." In accordance with the above economic law, I do think some oil company is secretly funding anti drilling activitists.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
8 Nov 07
The problem with your hypothisis is, the oil IS being drilled, just not by U.S. oil companies. All of Citro's oil comes from the Gulf of Mexico. Cuba drills there also. So, the market is getting the oil, but American oil companies are kept out of that market. Another flaw... American oil companies, since they aren't allowed to drill in key areas of the US, are forced to spend millions in exploration and wild cat operations. This keeps their costs artificially high, since other countries are free to drill where they know the oil is.
1 person likes this
• United States
8 Nov 07
Good points. I can see you gave my hypothesis serious thought. As to other countries drilling the oil, that applies to places like the gulf outside of the US, but not other sources of oil within US territory. In places like the gulf, outside of US territory, other countries are prohibited from competeing fairly in US markets by a tax that is levied on all oil brought into the US which is not owned by an American company. Yes, the same country (the USA) which will go on and on about free trade as it sends your job to Mexico in the name of free trade does not allow free trade in crude oil. As to the extra cost of exploration and wildcat drilling, I'd have to look into that more. I strongly suspect that the USA has been completely surveyed as to oil potential. I mean every square inch has almost certainly had a preliminary analysis done. I really suspect the exploration costs from not drilling in prohibited areas is not that great, but I have to concede I do not know for sure and you very well may be correct. As to oil companies giving money to wacko environmentalists, I still consider it a possibility. Though I certainly have no proof.