|
|
Post by I am a huge CUNT on Jun 16, 2008 9:55:44 GMT -5
It may be a stupid one, but I always forget.
How does our US Dollar become less valuable? How does that even work? Anyone know?
Why can't we just make more money to pay for this damn oil?
|
|
USN
Varsity
Posts: 951
|
Post by USN on Jun 16, 2008 10:22:25 GMT -5
the more money that is released into the market decreases the value of the money itself
|
|
|
|
Post by detroitbasketball on Jun 16, 2008 10:46:49 GMT -5
Why can't we just make more money to pay for this damn oil? Because since there's suddenly so much more money printed, all of it becomes worth even less, like yankeehtr said. The antithesis of oil - there's not a large amount of it, so it costs more. |
|
USN
Varsity
Posts: 951
|
Post by USN on Jun 16, 2008 17:05:13 GMT -5
Colorado alone has more oil than Saudi Arabia
|
|
|
|
Post by JacktheRipper on Jun 16, 2008 18:06:00 GMT -5
It may be a stupid one, but I always forget. How does our US Dollar become less valuable? How does that even work? Anyone know? Why can't we just make more money to pay for this damn oil? More money printed = greater supply of money. More supply with equal demand, means less value per piece of paper. That's the bare bones simple answer. Now the Federal Reserve has rates at which they give money to banks to lend to people. That's the benchmark Fed Funds Rate that is always talked about. When it is lowered, you have "cheap money" and more money is put into the economy. This is our current situation, not to mentioning them trying to add liquidity to the credit markets with huge influxes of money. Basically, we've have a ton of dollars enter the world economy. Then when you add into the fact the value of our money is based on how stable our government is. Not the Gold Standard anymore and with some of the issues we've been having it also plays a role on the value of the dollar. You could always add in the fact most foriegn nation's have their assets in dollars and well...if China wanted to, they could probably flood the market with dollars and send us into a full economic collapse. That's your general overview... Oh and the oil in the Rockies is based off of shale, which we don't have the capacity to get without devistating the enviroment over there. Like, a dirty capitalist like me, is against it due to the vast enviromental damage it would cause. I know Royal Dutch Shell is working on something that can extract it without the damage to the enviroment. Not really a viable answer to the oil problem. |
|
LjSnUo
Varsity
Dipset all day
Posts: 936
|
Post by LjSnUo on Jun 16, 2008 19:41:59 GMT -5
Colorado alone has more oil than Saudi Arabia Wow..... stupidity reigns. |
|
cooljayhu
All-Conference
You Moterboatin' Son of a Bitch
Posts: 3,418
|
Post by cooljayhu on Jun 17, 2008 2:51:57 GMT -5
yeah where did that fact come from? I mean I'm not 100% sure but pretty sure thats wrong. and printing more money? thats just retarded. look at what happened in germany after wwII. It ended up a shopping cart full of money could buy you a loaf of bread.
|
|
|
|
Post by Claytons Crew on Jun 17, 2008 7:15:19 GMT -5
|
|
|
|
Post by I am a huge CUNT on Jun 17, 2008 9:45:32 GMT -5
and printing more money? thats just retarded. Which is why I asked the question. |
|
LjSnUo
Varsity
Dipset all day
Posts: 936
|
Post by LjSnUo on Jun 17, 2008 12:11:12 GMT -5
Such a credible site you have posted there..... grow up little boys. |
|
|
|
Post by Claytons Crew on Jun 17, 2008 14:35:44 GMT -5
Your right Mr. Knowitall. Explain to me why those facts the website stated are wrong, please.
|
|
|
|
Post by Freak93 on Jun 17, 2008 14:38:34 GMT -5
Your right Mr. Knowitall. Explain to me why those facts the website stated are wrong, please. That website is not a credible source and does not cite where it is pulling the statistics from. |
|
|
|
Post by Claytons Crew on Jun 17, 2008 14:48:07 GMT -5
|
|
|
|
Post by I am a huge CUNT on Jun 17, 2008 15:18:33 GMT -5
Why aren't we jumping all over this shit? If the guy will sell it for 20 a barrel, why the hell aren't we doing it? I'm so god damn sick of the environmentalists. We have a shit load of shale, and a shit load of Alaskan oil but we can't do anything with it because we are too worried about smokie the bear. Look, I'm all for animals. I hate hurting them. But this country is on it's way to a damn crisis if we don't figure this oil problem out. |
|
Keeper
All-Conference
MONTANA TIME!
Posts: 3,913
|
Post by Keeper on Jun 17, 2008 16:29:50 GMT -5
Why aren't we jumping all over this shit? If the guy will sell it for 20 a barrel, why the hell aren't we doing it? I'm so god damn sick of the environmentalists. We have a shit load of shale, and a shit load of Alaskan oil but we can't do anything with it because we are too worried about smokie the bear. Look, I'm all for animals. I hate hurting them. But this country is on it's way to a damn crisis if we don't figure this oil problem out. The problem is saying "damn environmentalists" is not the answer to this solution at all. The government has 68 million acres of land leased out to the oil and gas industry, and what are they doing with it? They're sitting idle. If we're going to talk about starting to drill, we should be telling the oil companies "look, if you don't start drilling, you're losing the land", and that has not happened even though our oil prices continue to skyrocket. Furthermore, even if you want to ignore the land we've already leased for drilling and pursue something like Alaska, our own Department of Energy has said that you won't see any results at the pump in 10 years, and in 20 years you may see a $0.02 decrease. We should be forcing oil companies to drill on the land they're already approved to drill on, and looking towards innovative solutions to move our country away from it's oil addiction. Simply trying to out-drill the demand will only result in prolonged suffering by the American people at the gas pump, and little progress in alternative energy. |
|
|
|
Post by dkgojackets on Jun 17, 2008 16:51:26 GMT -5
|
|
|
|
Post by JacktheRipper on Jun 17, 2008 17:12:07 GMT -5
Why aren't we jumping all over this shit? If the guy will sell it for 20 a barrel, why the hell aren't we doing it? I'm so god damn sick of the environmentalists. We have a shit load of shale, and a shit load of Alaskan oil but we can't do anything with it because we are too worried about smokie the bear. Look, I'm all for animals. I hate hurting them. But this country is on it's way to a damn crisis if we don't figure this oil problem out. Somebody used a story for NPR...that makes me so happy. The best source of news in America. Now to this post, the damage we could do in the Rockies would be immense. Not worth access to that much oil when you consider Shell has about broke through in getting access to it with minimal environmental damage. It'll be a great source of oil when we can do it right. Until then...we shouldn't touch it. Plus, private industry is jumping all over that shit. The free market, as most always, is working to solve our problems. The problem is saying "damn environmentalists" is not the answer to this solution at all. The government has 68 million acres of land leased out to the oil and gas industry, and what are they doing with it? They're sitting idle. If we're going to talk about starting to drill, we should be telling the oil companies "look, if you don't start drilling, you're losing the land", and that has not happened even though our oil prices continue to skyrocket. Furthermore, even if you want to ignore the land we've already leased for drilling and pursue something like Alaska, our own Department of Energy has said that you won't see any results at the pump in 10 years, and in 20 years you may see a $0.02 decrease. We should be forcing oil companies to drill on the land they're already approved to drill on, and looking towards innovative solutions to move our country away from it's oil addiction. Simply trying to out-drill the demand will only result in prolonged suffering by the American people at the gas pump, and little progress in alternative energy. I wouldn't say they're sitting idle Keeper. The US produces a ton of oil, we just use so much more. The land they aren't using, the oil is hard to get to. These companies want one thing, and that is to make money. Getting oil themselves mean they don't have to buy it from foreign sources, so they get it for cheaper. If it was worth the money, they'd be drilling every inch of that land. You're dead on about ANWR. I'm not against drilling up there, but it does little to solve our problems. Just a big wedge issue, nothing more. Well Keeper, to your point about out-drilling. There are two ways to fix the problem, and one is to up supply. That's exactly what out-drilling would do and our prices would go down. If we up supply prices go down. No suffering by the American people, because they won't have to pay as much at the pump. Not to mention the energy companies have been and are still researching alternative energy sources. There is money in it, so they are trying to innovate. That's the great thing here, about high gas prices, that innovation is going to come faster because they're is so much money to be made here. The progress has started my friend. I think in 20 years, I'll probably be buying some solar panels from Exxon. Nothing wrong with that... |
|
|
|
Post by I am a huge CUNT on Jun 17, 2008 19:26:31 GMT -5
I don't mean to sound retarded though, which I know I probably do, but it just seems like there is a bunch of things we are doing nothing with.
Keeper, you know a helluva lot more than I do, I just don't have time to look at all the facts or pay attention enough. That's why I come here, to vent my thoughts, and then get some answers.
What I don't get is, when the article says people are getting cleaner ways to produce this oil, why aren't we starting? Why won't drilling in Alaska help?
Where is hydrogen power? England is working with that. Why are we tearing down refineries when we should be making more? Why does it take 10 years to build a damn refinery?
|
|
|
|
Post by JacktheRipper on Jun 17, 2008 19:56:00 GMT -5
I don't mean to sound retarded though, which I know I probably do, but it just seems like there is a bunch of things we are doing nothing with. That's not all that true. We should have been doing more nuclear and more coal over the past decade or so. You can thank those enviromentalist nutjobs who don't want us to do anything for that though. Oh and solar is coming, along with biofuels from alge and other things. There is plenty being done. Keeper, you know a helluva lot more than I do, I just don't have time to look at all the facts or pay attention enough. That's why I come here, to vent my thoughts, and then get some answers. You got time, just read a little bit. Read some debates on the matter. Read up on economics...this is complicated, there's no just "getting" this. Way too complex... What I don't get is, when the article says people are getting cleaner ways to produce this oil, why aren't we starting? Why won't drilling in Alaska help? Alaska won't help because it'll just be a drop in the bucket. There's too much demand for a few million barrels to matter that much over the long haul. And of course we're starting on cleaner production methods but it takes time to put them into place. It's not going to happen overnight but I assure you we're making progress. Where is hydrogen power? England is working with that. Why are we tearing down refineries when we should be making more? Why does it take 10 years to build a damn refinery? Three little letters, EPA. There's a lot of regulation on refineries. It's needed. There's one in my parish, and one of the bigger ones in Baton Rouge at Exxon. They can blow up! They leak a lot. You have to keep things at least a little clean, so it takes a lot to run a refinery. Hydrogen...it's not perfected yet. Many companies are working on it, but it's going to take some time. Patience |
|
cooljayhu
All-Conference
You Moterboatin' Son of a Bitch
Posts: 3,418
|
Post by cooljayhu on Jun 19, 2008 13:37:28 GMT -5
Spartan I was calling you retarded or anything sorry if came off like that.
I guess I stand corrected on the oil in colorado though. However I think the reason it's not being used is probably the high cost of drilling for it. You know, since colorado is in the rocky mountains it makes it a little difficult to drill.
|
|
