Judge who overturned drilling bans had shares in the oil industry

rofl, you're more dense than I thought. Did you look at his holder's actions leading up to the Deepwater Horizon explosion.. did you look at how much money he'll be making now as a result of those actions? I guess that doesn't really matter, because your investments have more zeros.

Yes, anyone can have investments in a company. It's a different story whether or not they make all the right moves in order to avert losing money, nonetheless making over $80M on making the exact right moves at the exact right time.

Maybe I'll put it in terms that you can understand. Grays Sports Almanac.

If any of you would like some good, unbiased info on the ecological impact of the oil spill I'd strongly suggest you check out this collection of articles from New Scientist: Deepwater Horizon oil spill - New Scientist

hakr100 said:

You haven't proved a thing. Sorry.

Some years ago, I turned a $25,000 investment in an option to buy some real estate into an investment that netted my three partners and me six figures each. We were amateurs, but we made the right moves at the right time.

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Yes, I've made investments with gold and silver and more than doubled up too... that's great. We don't care about your investments or my investments. We care about specific foreknowledge on specific dates and within specific companies, especially when CEOs dump their holdings before accidents that nobody can supposedly predict.. similar to the major sell-offs on 9/10/2001. People, even the smartest of investors can't accurately predict the future like that unless they know. You don't throw money at random. The smartest and wealthiest don't make money off of uncertainties. They make it off of knowing what others don't know. It's kind of hilarious you don't know this..

Their own website showing their transaction history. LOL.

Like I said, you need to do the research for yourself instead of me just linking everything to you like a little internet slave, then you just dismiss it. Ignorance is bliss.

I guess some people get away with shooting someone in the head when they're caught on video surveillance too.

You sound like the perfect candidate for a DC job.

No, but at least you got the point subconsciously.

hakr100 said:

The point I got is that in terms of your allegations, you got nuttin.

Gee, I wonder if anyone will forget that Dick Cheney went on a canned hunt and shot his buddy in the head, and then everyone waited until his blood alcohol dropped before the accident was reported.

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Irony.

Judge sold his shares in Shell today. He didn't know he still had them....told his broker to sell them a while ago

Bunnymud
You must not have read what I posted. You said $500,000/day, an extreme exageration. $15,000/day is more like it. Don't exagerate, you lose your credibility.

brab said:

As far as reducing our consumption of oil, we can do that. Hybrid cars, how about converting the oil guzzlers over to natural gas, could be done if we required our automotive manufacturers to do it? Would take a decade maybe. How about hydrogen fuel vehicles, hell, I bet we could generate electricity with hydrogen. Must come up with a better means to crack the water molecule. Speaking of molecules, I think I've got a new nickname for you, MOLECULE.

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Going to respond to this even though it goes against my better judgement.

Hybrid cars are a fantastic idea... if they just appeared out of thin air. First, the car has to be built. The batteries in these cars are made from rare, heavy metals that have to be mined and smelted... so lets START by figuring out new ways to power machinery large enough to mine raw ore without using petroleum. The next step would be to figure out a way to melt ore without using insane amounts of electricity...

wait, convert gas guzzlers over to natural gas... ok, I see how that could help stop oil leaks in the gulf... wait, except for the fact that MOST OF THE WORLDS NATURAL GAS COMES FROM PETROLEUM DEPOSITS IN THE EARTH! Yes, the same petroleum deposits that hold this terrible OIL that we are attempting to leave alone.

Hydrogen fueled vehicles is another good idea... if we can figure out a way to produce large amounts of hydrogen without burning NATURAL GAS to get it. See, 95% of the Hydrogen used today was and is produced by burning... you got it... natural gas... and remember where the natural gas comes from? Yeah, petroleum deposits. Now, there are other methods to produce Hydrogen like solar, biological and electrical but these methods use more energy to produce hydrogen than is obtained from the actual hydrogen. Furthermore, to use wind turbines to produce hydrogen may be a good idea except for the fact that the plastics that are used in wind turbines are derived from... petroleum, the metals that are used in wind turbines are mined and smelted using... petroleum... coal... you know, viable energy sources.

Electric cars fall into this trap as well. They sound well and good but they require electricity to run. Electricity doesn't just magically appear at the outlets in your house, it has to be produced somewhere. Unless your electricity is provided by nuclear plants, you are still using the same amount of fossil fuels. As your electricity consumption goes up, the amount of fossil fuels used at your local power plant goes up, the petroleum used in the mining equipment to obtain those fossil fuels such as coal... goes up.

See, the fact is that the reason we still USE petroleum is not because we hate the environment. It is because it is the ONLY viable long term energy source that we have access to at this point and time. Anyone thinking differently must look at the PROCESS from start to finish to "solve" our dependence on petroleum.

Now, start from the beginning... and show me a viable, "green" energy source.

Cajun
First of all, no one said anything about eliminating oil in the short term. We are talking about alternatives that would enable us to eliminate the use of oil or drastically reduce its use as an energy source over the next 20 years. If we don't start now, in 20 years we'll be in the same boat we are today.

True, natural gas comes from oil wells but we know that tremendous reserves exist in shale deposits within the United States and Canada. Extraction of gas from those deposits is increasing rapidly. They don't drill for oil in those shale deposits but drill wells through which they can inject water into them, called cracking. More and more gas will be extracted from these shale deposits.

If you look at the percentages of electrical power generated in the US by types of power plants, the results are as follows:

49% Coal
22% Natural Gas
20% Nuclear
6% Hydro
.9% Oil
2.1% Other

Now take the natural gas and oil out of the equation and you have 77.1% of our electricity produced from sources other than oil or gas. Now coal is just as bad as oil because of the CO2 output but you don't have to worry about oil leaking uncontrolled from wells drilled 1 mile beneath the surface of the ocean. Coal carries its own baggage of environmental problems such as open strip mining, deaths from unregulated mining operations and CO2 but it want be spoiling our beaches and ruining our fisheries. Technology to sequester CO2 emissions from coal fired power plants has improved dramatically. You no longer hear Canada screaming about SO2 emissions from US power plants causing acid rain either, thus it is a fuel which we will have to rely on as well as oil over the next 20 years.

Most of the oil we use in this country is not used in power plants but to power our transportation fleet. Mostly our cars. The predominant fuel used to produce electricity used in hybrid cars is from coal, nuclear, hydro, wind and solar, therefore, more hybrid cars reduces our dependence on oil much of which we have to import.

Nuclear energy, which already produces 20% of our electric energy, needs to be expanded. Some will say that it is unsafe and there are risks with using it but as a source of energy, it is unmatched. 3 Mile Island and Chernobyl always come to mind when discussing nuclear reactor safety. The Soviet's reactors were and are not built nor controlled as well as US reactors, regardless, we still had a near meltdown at 3
Mile Island, thus stringent safety measures must be employed as we expand our use of nuclear energy.

The real solution to elimination of oil and coal is the development of a fusion reactor. A fusion reactor would produce clean, limitless energy from Hydrogen. Unlimited electrical power which could then be used to produce hydrogen from water and then could be burned in fuel cells in our automobiles. Read about the coming hydrogen economy Mr. Cajun. Why isn't more money put into research and development for
fusion reactor development? Maybe because the oil companies and the politicians and bone headed Americans which back the oil companies, prevent that from happening. As long as there is oil to sell, the oil companies will ensure that alternative energy development will be delayed until all the oil is sold. People like you, Cajun, who argue on behalf of big oil only help to delay the development of alternative energy sources.

Our modern day hi-capacity batteries are made from lithium, (to be specific about rare earth elements). For every btu you burn in natural gas or oil to produce lithium, you produce the storage capacity of 1000 btu's of electrical power. 77.1% of the electrical power which will fill those batteries is produced by sources other than oil or natural gas and those batteries can be used in hybrids. Yes that's right Mr. Cajun, hybrids. Thus the gas and oil that is burned to extract lithium is well spent because those lithium storage devices can be put into hybrids to reduce our consumption of oil, foreign oil.

As our technology improves over the next 20 years, the amount of electrical power produced from oil, natural gas and COAL, will be reduced dramatically. All it will take to make it happen are for people who are tired of seeing our planet destroyed to cry out against those amoung us whose miopic vison prevents them from seeing a future free from the blight of both oil and coal.

Some oil will still be extracted for plastic production. A smidgen of what is used today.

Cajun83 said:

At this point, there are around 3800 wells in the Gulf... and one is leaking. So lets shut down every deep water rig, lets stop the coal mining since a few of those guys die every month and lets ban white cars... because I witnessed one cause a wreck this morning. Then lets fix the problem by throwing money at the drivers of white cars, coal miners and oilfield workers.

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Umm are you insane? You must have ties with oil or something.

Coal mining should be shut down, its proven to kill. It not like it MIGHT kill you, it WILL kill you....its just a matter of time before it does kill you.

By the way, when ONE well leaks, the whole gulf is affected. Fish are affected and animals die. Not to mention we put people out of business along the gulf.

Those people that get laid off, have the chance to still move on, but killing the animals, and ruining our beaches, but o wait...you dont live by the beach, so you fine and dandy to say DIG DIG DIG!!!

I guess its just the way of life, people only see what they want to see, and choose whats best for them and only them. You just care about a way to fatten your wallet and buy that yacht you've been dreaming about, along with your 10th smartphone this year.

Also really?? a white car??? I dont think a car wreck affects wildlife, and over 1,000 miles of its location.

Self minded people!!

rleal2010 said:

Umm are you insane? You must have ties with oil or something.

Coal mining should be shut down, its proven to kill. It not like it MIGHT kill you, it WILL kill you....its just a matter of time before it does kill you.

By the way, when ONE well leaks, the whole gulf is affected. Fish are affected and animals die. Not to mention we put people out of business along the gulf.

Those people that get laid off, have the chance to still move on, but killing the animals, and ruining our beaches, but o wait...you dont live by the beach, so you fine and dandy to say DIG DIG DIG!!!

I guess its just the way of life, people only see what they want to see, and choose whats best for them and only them. You just care about a way to fatten your wallet and buy that yacht you've been dreaming about, along with your 10th smartphone this year.

Also really?? a white car??? I dont think a car wreck affects wildlife, and over 1,000 miles of its location.

Self minded people!!

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Stop using oil, hypocrite. You're addicted.

It's funny how your post is just as relevant to you as it is to him.

I'd rather use the resources available and develop alternatives as technology progresses. Making artificial floors and ceilings makes economic suffering, and it doesn't help when we're already in an economic world depression. As much as I'd like to not need oil, we still need it, and the technology isn't there yet to replace it.

Most of the deep water oil rigs in the US have been or are being relocated to other countries. Those things cost a huge amount of money to lease and operate, and it would be stupid to let them sit there and waste money. Much of the damage to the gulf coast businesses who service these rigs has already been done.

hakr100 said:

Yes, it's too bad that some of the biggest players in deep water drilling had no real plans for handling a disaster like the one BP dumped onto us. Let's see if we can let it happen again. Yeah...that's the ticket.

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lets not also forget who they had to submit these emergency plans to in order to allow the rig to go up...

you'd think since if something went wrong and could cause a disaster on a scale like this that those emergency plans submitted would be put under a little more scrutiny before BP got the all clear to drill.