The Young Turks

One-quarter of all cars have an under inflated tire. Proper inflation will improve efficiency by three percent in those cars. Let's round up and call it a total of one percent gain in efficiency for the entire fleet. We use 9 million barrels per day for gasoline. Properly inflated tires will save 90,000 barrels per day. We can definitely extract more than that every day off the coast of California.

Drill, baby.

f'n idiot.

Everyone posting  here seems to understand that any oil produced in the US does not necessarily stay here. It goes on the Global market and people are debating how much that will help the American consumer.

Don't believe me? Ask your friend and personal hero TWBA.

"American consumers would benefit by having another reliable source of oil on the world market helping to depress the price of gasoline."

So what does our resident oil expert say?

"Daaa, we won't have to import more oil because um duhh we will be drilling here and umm daa we get to keep it. Daa, where are my cricket sounds?"

You were being ignored because people were being nice and trying not to humiliate you.

Now get back on the short bus. 

Despite your grossly exaggerated claims in the past ( there's plenty of oil, we will never run out, new recovery techniques..Bakken Bakken Bakken! blah blah blah ) and now, there not enough domestic oil in any scenario to fully replace the imports.The world outlook isn't that great either.

If we could magically tap (1)all unproven and proven US reserves using EIA numbers right now, and (2) freeze consumption the current level of 7.8 Billion BBls a year ,right now  at the low and the high estimates ...we would burn through it in about 25 low 40 high,  years. Of course those reserves will come on line gradually and these numbers a purely educated guess...no one know for sure exactly how much oil is out there. One thing is for certain, there is a finite amount.

And contrary to the implications in your post Oil does not appreciable impact electric generation only 1.6 percent of US power is generated by petroleum..thats is usually in gas turbine generators used in specific locales ( like Key West) and for overflow capacity.

• The quickest and most efficient way to reduce oil dependency , right now, is through conservation measures.
• The quickest and most efficient way to reduce carbon output , right now, is through conservation measures.
• The quickest and most efficient way to reduce the price of crude and gasoline,right now, reduce the petroleum component of the trade defict right now, is through conservation measures reducing consumption and demand. 

• The so called physiological effect of "new drilling" on long term prices will be equally effective with a comprehensive program of energy efficiency and alternatives reducing demand for petroleum.

• The "millions" of jobs didn't materialize in the past booms and will not appear as long term employment contrary to your claims. We've debunked that one before.
  

• You conservatives can't have it both way in regard to the trade deficit, growth and oil usage.
  

"America's trade deficit is not a cause for alarm. It is not caused by "unfair" trade practices abroad or a lack of industrial competitiveness at home. The trade deficit results from a net inflow of foreign capital into the United States, capital drawn by America's vibrant and growing economy. Without this capital inflow, domestic interest rates would be higher, investment lower, and long-term growth rates slower.

Imports do not harm the American economy. They raise the living standards of U.S. workers and provide low-cost inputs and capital equipment for American industry. Imports do not reduce the number of jobs in our economy. They help to create better jobs by allowing Americans to shift resources to sectors where we can be even more productive.

Economic growth has been more than twice as fast, on average, in years in which the current account deficit grew sharply compared to those years in which it actually declined. If trade deficits drag down growth, somebody forgot to tell the economy." Cato Institute

There is a finite amount of oil. On a nuclear submarine or surface ship there is a finite amount of reactor hours. As a matter of policy we would conserve plant hours even with something often misrepresented as an "infinite power source"  as our prime mover.

However, one positive and important implication( of higher oil prices) is that eventually the U.S. economy will become more energy-efficient, which, in turn, would help contain the cost of oil imports and increase the economy's flexibility in absorbing future oil price increases. The Economist

It makes sense. To be a conservative and  ridicule conservation and efficency measures doen't make sense, particularly when the public mantra of your party is cut taxes, cut spending cut this cut that,cut waste ect.

That being the case, any claim to the contrary must be politically motivated...spin and bluster...not factually motivated.

Watch Ken(Duh)TX try to rebuild his legitimacy as an oil man.

Wait, any minute he will give you his %25 royalty plan that evolves any wildcat with a drill and a dream.

F'n moron. 

its about the spin and you own self interest maybe? Saving a tax cut perhaps?

we create millions of new American jobs 08/06/2008 08:50:57 PM EST

creating hundreds of thousands of high-paying petroleum industry related jobs KenTX on 08/07/2008 11:52:54 PM EST

 Hell, Ken, you already laid off a few hundred thousand people between the two posts...

 Lets look a little closer at Wyoming shall we

Over the year ( to date in April wahen this was written) Wyoming added 8,100 jobs (2.9%).Large job gains were seen in

• construction (1,300 jobs, or 5.8%);
  
• transportation, warehousing, & utilities (1,200 jobs, or 8.6%);
• educational & health services (1,000 jobs, or 4.4%); and
• government (1,600 jobs, or 2.4%).
  
• Employment also grew in wholesale trade (600 jobs, or 7.1%),
  
• retail trade (600 jobs, or 1.9%), and
  
• financial activities (500 jobs, or 4.5%).
  
• Manufacturing employment was unchanged from February 2007 and information employment (including publishing, motion pictures, broadcasting, and telecommunications) decreased slightly (-100 jobs, or -2.5%).Wyoming Department of Employment, Research & Planning

Wow 8100 Jobs! over a year period... the construction jobs were related to natural gas pipeline construction.

How about Texas? From June report :

Texas employers created just 8,700 jobs in May, the lowest monthly gain in nine months, and the state's unemployment rate rose sharply to 4.5 percent from 4.1 percent the month before, according to figures Texas Dept of Labor

Montana

“The May employment figures suggest that national economic woes are slowing employment growth in Montana,” says Labor Commissioner Keith Kelly. “High gas prices have slowed employment growth in the wholesale and transportation industries, while a slowdown in housing growth has lowered employment levels for self-employed construction workers.  On a non-seasonally adjusted basis, Montana added 558 total jobs (including agricultural and self-employed workers). Montana Labor Commison

Lets see....at that rate it would take 100 or so  years to get to the million mark.

You are also fully aware that as soon as the oil price drops, as you have predicted on several occasions due to a global recession or increase in supply or both...any additional workers that will be hired..and we arent talking "millions" either...thats simply a gross exaggeration...will be laid off just like the last time. Is you memory that bad?

This fellow in Wyoming remembers..

Most of these jobs are temporary, there are few long term good paying jobs being created in Wyoming. When the boom fizzles again , and it will, come back and preach about all these jobs again. This trumped up job report does not cover up Wyoming,s gross failure to diversify it,s economy, and get away from the boom & bust cycles. We heard this same BS in the last boom in the 1970,s. As soon as that boom fizzled , out went the jobs , and a lot of people too. Wyoming is very good at reapeating history.

As far as the trade deficit goes, enough caterwauling about the trade deficit. Your conservative free trade buds don't seem to think it's a problem.You conservatives can't have it both way in regard to the trade deficit, growth and oil usage.

"America's trade deficit is not a cause for alarm. It is not caused by "unfair" trade practices abroad or a lack of industrial competitiveness at home. The trade deficit results from a net inflow of foreign capital into the United States, capital drawn by America's vibrant and growing economy. Without this capital inflow, domestic interest rates would be higher, investment lower, and long-term growth rates slower.

Imports do not harm the American economy. They raise the living standards of U.S. workers and provide low-cost inputs and capital equipment for American industry. Imports do not reduce the number of jobs in our economy. They help to create better jobs by allowing Americans to shift resources to sectors where we can be even more productive.

Economic growth has been more than twice as fast, on average, in years in which the current account deficit grew sharply compared to those years in which it actually declined. If trade deficits drag down growth, somebody forgot to tell the economy." Cato Institute

Hey, I’ve got an idea! Rather than sending $2 billion EVERY FUCKING DAY to foreign countries, why don’t we create more jobs for Americans and more revenue for the federal treasury by drilling for more American oil? Ken TX Institute

By the way here's the break down and we don't spend 2 billion a day either.

• $293 billion for petroleum related products,
• $328 billion for consumer products,
• $193 billion for all other goods,
• $107 billion in surplus for services.U.S. Bureau of Economic Analysis, "U.S. International Trade in Goods and Services,Exhibit 1", March 11, 2008

So which is it, trade deficit that is,  bad or good?

hey I know If we got rid of Wal-Mart..that would help.