Drilling in ANWR: What's Not to Like? »
Posted By Nixie 5 months, 1 week ago in Business & FinanceIn all of the recent discussion about opening up America's vast energy resources, what has received the most attention is the potential effect on oil and gas prices. But there are two other important issues that have not received much attention - the effect of domestic oil development on: a) jobs and b) taxes.
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Nixie
"It was thus the fountains were dancing to the moon in Arabia; it was thus the Nixies shook their white limbs on the haunted banks ...
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Nixie5 months, 1 week ago
"The U.S. economy benefits from domestic production when new construction, service, manufacturing, and engineering jobs are created. These jobs occur in all 50 states. A national impact study by Wharton Econometrics estimates total employment at full production in ANWR to be 735,000 jobs. Federal revenues would be enhanced by billions of dollars from bonus bids, lease rentals, royalties and taxes."
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libsRfunny5 months, 1 week ago
I bet if Congress told oil companies they can drill on federal lands and the continental shelf ONLY if they sell all the oil drilled on those sites here in the U.S., every damned one of them would do it in a heartbeat.
Even a percentage guaranteed for U.S. market, like 70 percent or so. YOu can't tell me they wouldn't do it. Hell, tell them they can but charge not more than $70 per barrel. They STILL would do it.
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simonsez5 months, 1 week ago
They have to sell it at world prices, but world prices would come down.
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Nixie5 months, 1 week ago
"And these jobs would be created across the country, not just in Alaska. To see the number of jobs created by state, go here:
http://www.anwr.org/STATES/state.htm
And that's just for ANWR, and doesn't count the new jobs from oil production in the OCS."
Amazing.
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stephen-johnson5 months, 1 week ago
Why is it that Sierra Club types living in Boston, New York City and San Francisco get to tell people in Alaska what Alaskans can do with their own land?
Alaska's governor got it right - it's time for the Democrats and their allies to put up or shut up on the energy issue. Chanting the mantra "Drilling isn't the answer" isn't an answer, either.
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Alabama:
10,000 Jobs
Number of direct petroleum industry Jobs in Alabama: 21,322 Jobs
Dollars spent in Alabama from Prudhoe Bay development since 1980: $6.9 million
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Alaska:
38,300 Jobs
Number of petroleum industry Jobs in Alaska: 11,947 Jobs
Dollars spent in Alaska from Prudhoe Bay development since 1980: $ 4.9 billion
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disraeli5 months, 1 week ago
Nixie,
What are these numbers proving?
First you say
9.7 million spent since 1980. Over 28 years. That is $346,000 per year.
Then you say 14,846 petroleum industry jobs in Arizona.
And this is from the $346,300 per year spent in Arizona from Prudhoe Bay?
So what, those jobs pay $23.33 per year. Sure it's a job and it's steady, but the pay ain't great.
Connect some dots for me. Don't fire out a bunch of nonsense numbers and claim all manner of great things.
Tough to get by on $23.33 per year. Even in Arizona.
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Arkansas:
5,500 Jobs
Number of petroleum industry Jobs in Arkansas: 13,508 Jobs
Dollars spent in Arkansas from Prudhoe Bay development since 1980: $ 54.9 million
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in California:
80,000 Jobs
Number of petroleum industry Jobs in California: 14,900 Jobs
Dollars spent in California from Prudhoe Bay development since 1980-1984:
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disraeli5 months, 1 week ago
Prudhoe Wages in Colorado - $451.02 - Well it's better than Bangladesh.
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Connecticut:
11,000 Jobs
Number of petroleum industry Jobs in Connecticut: 9,276 Jobs
Dollars spent in Connecticut from Prudhoe Bay development since 1980: $ 26.3 million
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Delaware:
2,000 Jobs
Number of petroleum industry Jobs in Delaware: 2,119 Jobs
Dollars spent in Delaware from Prudhoe Bay development since 1980: $ 20.6 million
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in District of Columbia:
2,500 Jobs
Number of petroleum industry Jobs in District of Columbia : 1,117 Jobs
Dollars spent in District of Columbia from Prudhoe Bay development since 1980: $10.4 million
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Florida:
34,000 Jobs
Number of petroleum industry Jobs in Florida: 32,393 Jobs
Dollars spent in Florida from Prudhoe Bay development since 1980: $ 36 million
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disraeli5 months, 1 week ago
From the link that the story is based on.
ANWR recoverable reserves between 6 and 16 billion barrels.
Take the top end, 16 billion barrels. Current imports 14 million barrels per day.
To offset current level of imports ANWR would last 3 years, not the 30 to 50 years that the ANWR.org site claims.
Do a little math people. It is not the panacea you all seem to think it is.
In order for ANWR to last 30 to 50 years daily production would need to be 1 to 1.5 million barrels per day, that still leaves imports of 12.5 to 13 million barrels per day.
Is it going to bring down oil prices - perhaps, until increased demand, not just domestic but worldwide, increases to suck up the new supply.
And what is worldwide consumption you ask - 84.6 million barrels per day in 2006.
And how fast is it increasing. It has averaged an annual increase of 1.2 million barrels per day every year from 1996 to 2006.
Won't take very long for the ANWR production to be spoken for.
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HannibalBarca5 months, 1 week ago
Having worked in the oil patch for 33 years I really don't understand what she is trying to say, does she realize that baby boomers make up 35% of the work force and are retiring and right now there is a shortage of workers in the patch?, so who fills these jobs?
Does she realize that to get the oil to market the pipeline will go through Canada and that a Canadian Company already has the contract ?
Also that as big as Anwr is it is a drop in the bucket? And you can add offshore to that also.
Today it costs $60/Bbl to get most northern oil or offshore oil to market at least: and that is based on oil at a $60/Bbl.
And despite the psychological benefit, you are looking at 6-7 years when it starts trickling in, it takes a few years to develop an oil field that size, not all the holes are drilled at once.
Drill yes; by all means, but it is not a Saviour, maybe not even a stop gap.
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Hawaii:
2,700 jobs
Number of direct petroleum industry jobs in Hawaii: 3,637 jobs
Dollars spent in Hawaii from Prudhoe Bay development since 1980: $ 4.6 million
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Idaho:
2,400 Jobs
Number of petroleum industry Jobs in Idaho : 3,866 Jobs
Dollars spent in Idaho from Prudhoe Bay development since 1980: $ 85.8 million
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Illinois:
33,000 Jobs
Number of petroleum industry Jobs in Illinois: 96,398 Jobs
Dollars spent in Illinois from Prudhoe Bay development since 1980: $218.1 million
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Nixie5 months, 1 week ago
Jobs that could be created from Coastal Plain development in Indiana:
15,500 Jobs
Number of petroleum industry Jobs in Indiana: 29,192 Jobs
Dollars spent in Indiana from Prudhoe Bay development since 1980: $ 51.1 million
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tanglang5 months, 1 week ago
I have never seen an issue where politicians say they think the solutions are no good because they are long term solutions. I thought long term solutions were a good thing? It's like Obama the other day criticizing McCain saying that his solutions are long term solutions and wont help us now. Ok. And? They are still good ideas stupid.
I really hope that the people wake the hell up and realize what they are wanting to vote for.
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Wolfie20075 months, 1 week ago
The liberal democrats will sacrifice the entire nation's economy to keep the ban on domestic drilling. It's not about the economy to them, the environment or even glowbul warming it's about power. The liberal democrats want power over our lives and they mean to change the way we live and they don't care what kinds of problems it causes the people of the United States. It's power they want and it's power they intend to get or take if it comes to that.
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HMMace5 months, 1 week ago
WOULDN'T IT BE NICE IF AMERICAN COMPANYS WERE MADE TO USE AMERICAN WORKERS ON AMERICAN SOIL...IF THEY WANT TO USE CHINESE SCAB LABOR--THEY SHOULD BECOME A CHINESE COMPANY..MOVE THIER CORPORATE OFFICES TO CHINA.&.LIVE IN CHINA..
AND--OF COURSE WE SHOULD ALWAYS LOOK TO SEE WHERE EVERY ITEM WE BUY IS MADE...
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markmawn25 months, 1 week ago
None of those faked numbers and short term gains are worth the loss of this:
http://www.alaskastock.com/resultsframe.asp?gs=... pictures - photos of ANWR by Alaska Stock Images
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kobzikov5 months, 1 week ago
There is no need to drill in ANWR, because there is plenty of other public land on which oil companies have permits to drill, but aren't drilling.
By the way if the argument is job creation than job creation in alternative energy industry would be much more beneficial. Hell, even nuclear power plant construction makes more sense than destroying a natural reserve.
Then again, if you believe that drilling, pumping for oil, oil well construction, pipeline construction, road construction, and all the people working and commuting through ANWR or living there won't affect the environment than you are living in a dream world. Though believing that US has 140 billion barrels of domestic oil reserves is a pretty good indicator of that as well, or at least of being extremely ignorant.
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