[Cruisingdad]

Now you're losing what support you might have from me.

Please go back and show me at what point I had support from you in this debate. Of course, I have slept since then... but obviously you have too!!

Perhaps you'd like to explain the mechanism by which the money invested in ANWR is going to be invested in other sources. Are we going to take Chevron's money and give it to the utility companies? You're not under the impression that the US government is going to be doing the drilling in ANWR are you?

With the exception of Exxon, EVERY major oil company in the world has invested in alternative energy sources, with BP even saying, "We are beyond oil." They have invested HUGE sums of money in alternative energy. Why? Because they realize, like almost every other oil company, that they are in the business of ENERGY... and that is not simply oil.

Beyond petroleum | About BP | BP

Chevron, using your examply, has invested huge amounts of money in the same. And did you know, dear Sway, that Chevron (again, using your exmple) IS THE LARGEST GEOTHERMAL PRODUCER OF ENERGY IN THE WORLD???

Chevron CEO David O'Reilly on the price of oil - Nov. 28, 2007

UC Davis News & Information :: Chevron fuels $25M alternative energy endeavor

I suggest you actually research the topics you discuss.

Since when was 5% chopped liver? The nature of the oil business has always been a little here and a little there.

Chopped Liver, eh? Let me break this down to remedial math.

Average American Family:

Let's say the average American puts on 15,000 miles/year and gets 20 mpg.

That means, assuming oil stays at its alltime high of $4.00/gallon, they will pay $3,000/year for gas. That means $250/month for gas.

Now, assuming we can get 1:1 (crude:gas... impossible), that means they will save 5% on their gas bill every month. THat is a whopping $12.50/month.

$12.50 will buy you 2 (TWO) Big Mac meals/month at Mac Donalds. So you are right, it is not chopped liver. It is 2 big mac happy meals (assuming they don;t raise the prices)... or one trip to the movies (no popcorn, sorry).

Unfortunately, there is also some bad news here: If you get more than 20 mpg... you get less savings... which means you will have to eat off the dollar menu. Also, if you drive less than 15,000 miles/year, you are once again at the dollar menu or will be forced to taco bell .79 tacos.

Also, you will have to wait 15 (FIFTEEN!!!) years to get your Big Mac. Sorry. Hope you don't get hungry, but the sevrve time has a LONG waiting list.

WOW!! OH MY GOODNESS!!!! WHEN CAN WE START DRILLING!!!!!

You want to proceed with coal to oil before you drill for oil? That's like keeping the shades down in the daytime and then using a lamp to read.

Eh? Opposed to converting coal (which we have in abundance) to oil? If you're not a wack-job environmentalist you're sure putting on a good impression of one. Most of them have their blinders on also. (g) Now, where have I heard that before???

I'm a bit perplexed at your references to the navigable waters of the Gulf of Mexico. I plied my trade there for many a year with no problems. Of course I was only on 80,000 ton tankers and not a deep draft Catalina.

If you fail to understand the differences between driving a 80,000 ton tanker with a large crew to a husband/wife (or solo) sailing a small sailboat, I cannot help you. I suggest you go to the forums located at www.sailnet.com to begine to understand some of the differences.

Have you already forgotten the prior posts? There is no shortage of oil. There is though a speculative bubble in the market. I'll repeat again, the entire history of the oil drilling business has been one of steadily increasing proven reserves accompanied by screams that the end is near. Cam and I were around in the seventies when those dire predictions were made. We were fortunate enough to then live through a two decade span of cheap oil. and you expect us to believe you now when everyone like you was SURE that we were running out, thirty years ago.

Peak oil is the point in time when the maximum rate of global petroleum production is reached. The issue is not one of "running out" so much as it is not having enough to keep our economy running.

I've asked before and still await an answer from you on just how we're going to invest in alternative energy sources and guarantee a successful result. You sound like you believe we'd have one yesterday if the gummint would just invest in these things. The gummint is busy investing in cancer and AIDS and doesn't have any money for solar cells or battery technology (the latter you've ignored). And just look at all the progress the government has made on those two things

I have asked before and still await an answer from you on just how we're going to invest in oil and guarantee a successful result. You sould like you believe we'd have cheap oil and an abundant supply today if we had just drilled ANWR and got another 5% production now or pumped it dry overnight and have enough to run our contry for a little over one year. The gummit is busy inesting in Propaganda and PAC's to mislead the uninformed and just doesn't have money for solar cells or battery technology (which has improved since the 60's and 70's which you've ignored). And just look at all the progress the goverment has made by doing nothing but promoting cheap oil and having NO ENERGY POLICY.

Have you already forgotten the prior posts? There is no shortage of oil. There is though a speculative bubble in the market. I'll repeat again, the entire history of the oil drilling business has been one of steadily increasing proven reserves accompanied by screams that the end is near. Cam and I were around in the seventies when those dire predictions were made. We were fortunate enough to then live through a two decade span of cheap oil. and you expect us to believe you now when everyone like you was SURE that we were running out, thirty years ago.

Have you forgotten the prior posts (one of which you posted and did not even read first!!, as I pointed out as it substantiated my case). There is a shortage of oil in the United States - what we can produce domestically. There is also a speculative bubble in the market. I'll repeat again, the entire history of the oil drilling business has been one of steadily drilling in places outside of the US due to US policy and the fact that the reserves domestically are very small and would completely fail to provide the US with current consumption. I know you and Cam we around in the seventies when dire predictions were made - as was I. We were all fortunate enough to live through a two decade span of cheap oil, and I expect you to believe the USCG, The countless articles presented, the oil companies, the Pro Drill ANWR sites, and even our President (Mr. Big Oil himself) when he urges us to get off of foreign oil and work toward alternative energy sources.

CNN.com - Bush has plan to end oil 'addiction' - Feb 1, 2006

Somebody is working on your ideas. It's obviously a tough row to hoe as there've been no breakthroughs on renewable energy. Did you think that no one was investing in that area with gas at $4+?

I have no doubt the investment in that area will be exponential now with $4/gallon gas. We have to have energy. It has to come from somewhere. With $4/gallon gas, it is definitely worth the investment now. For the US, investing in domestic oil is a total waste. We do not have enough to provide for our country even a short period of time, and we are 15 years from even realizing any results from it. Focus on the energy sources that we have locally and can be sustained for longer than a decade or two.

- CD