newsobserver.com projects - McCrory: Offshore drilling a NIMBY issue? - Comments

Re: McCrory: Offshore drilling a NIMBY issue?

ncpoli — Tue, 01 Jul 2008 08:40:46 -0400

So it would benefit Duke shareholders, but the company itself no longer has any holdings related to these pipelines? Is that correct?

That's not exactly deep into anything, especially drilling.

McCrory Duke offshore energy

bnartist — Tue, 01 Jul 2008 07:45:40 -0400

Duke Energy has been involved with large offshore natural gas pipelines in the Gulf of Mexico and Tasmania amongst many other gas distribution systems. McCrory specifically mentions the proposed "Manteo Project" for two reasons. It's location offshore allows him to say it will be out of sight. However the overwhelming bulk of energy predicted from this area, if any, would be natural gas, not oil. Because of Duke's prominence in the gas pipeline business such a project would likely benefit Duke shareholders.

In 2007 Duke Energy renamed and spun off two natural gas businesses, Spectra Energy and DCP Midstream with shares of Duke Energy and Spectra Energy distributed to Duke Energy shareholders.

DCP Midstream is owned jointly by Spectra Energy and ConocoPhillips and is "one of the nation's largest natural gas gatherers and processors, the largest natural gas liquids (NGLs) producer and one of the largest NGL marketers in the U.S. " It was previously know as "Duke Energy Field Services" a joint venture between Duke Energy and ConocoPhillips.

Gulf Stream Natural Gas System is owned jointly by Williams Energy and Spectra Energy.

Re: McCrory: Offshore drilling a NIMBY issue?

ncpoli — Mon, 30 Jun 2008 23:07:57 -0400

Hey Jim, any evidence to support that "Duke Energy is deep in the off-shore drilling business" claim?

Re: McCrory: Offshore drilling a NIMBY issue?

captsfufp — Mon, 30 Jun 2008 21:33:04 -0400

I always like it when I'm the nicest and most sensible person posting...nice to know the web is really "raising the bar" in our political discourse. Go team!

Protzman must be drinking the kool aid

MattM — Mon, 30 Jun 2008 17:33:44 -0400

Hate to burst your bubble, but none other than OwlGore himself backed coal technology in his Senate and VP days, contributing much more to our current situation than anything the Bush admin. has done. Since January of 2007, with a Democrat-led Congress, the price of gas almost doubled. It never crossed $3/gallon here until Pelosi, Reid, and the other idiots took control. Since you want to mention subsidies, how about ethanol having a subsidy, a mandate, and a protective tariff against other, more efficient types of ethanol from Brazil? If the liberal hacks were serious about ethanol, why not get the best kind to have? Corn ethanol uses as much energy to make that it does to use, all the while wreaking havoc on the water table. Do your own research and step up your game, kid.

Re: McCrory: Offshore drilling a NIMBY issue?

dahedgehog — Mon, 30 Jun 2008 17:07:07 -0400

Someone needs to tell McCrory (and Etheridge) that speculators have nothing to do with the increase in the spot price of oil:
http://krugman.blogs.nytimes.com/2008/06/28/expectations-and-commodity-prices-even-more/

UNCGOP

James_Protzman — Mon, 30 Jun 2008 16:22:17 -0400

Are you really at UNC? Must be a freshman, because you sure haven't learned much about critical thinking.

Since the 1970s crisis, the oil industry has received hundreds of billions in incentives from every direction imaginable. It's no wonder no alternative energy source has been able to compete. And just because ethanol is stupid, doesn't make offshore drilling any smarter.

Re: McCrory: Offshore drilling a NIMBY issue?

uncgop — Mon, 30 Jun 2008 15:54:59 -0400

Because alternative solutions, that have been in the work since the Oil Crisis in the 1970s have come to reality. NO.

Ethanol, another "vaible" option according to the Al Gore's of the world are putting hundreds into poverty, since it is forcing the price of corn and other crops up.

This is a great solution that McCrory has spoke about and I am still waiting evidence that Duke Energy is calling the shots since Protzman seems to think so....where are the hard facts. Stop pandering and show us facts.

Never happen, Captsfufp

James_Protzman — Mon, 30 Jun 2008 15:00:07 -0400

Duke Energy is deep in the off-shore drilling business, and Mr. Pat is deep in the pockets of Duke Energy. Neither has any stake in alternatives to the oil economy. Every successful program in green energy means less profit for them.

They know offshore drilling will do NOTHING EVER to reduce the price of oil. But it will help make them even more filthy rich than they are. And that's the bottom line, so to speak.

Re: McCrory: Offshore drilling a NIMBY issue?

captsfufp — Mon, 30 Jun 2008 14:50:41 -0400

I have to agree with the mayor...driving a car DOES make you implicit in our oil/gas crisis. But if his solution is to drill in NC, then his knowledge, vision, and leadership for NC is SERIOUSLY in question.

I mean, if he REALLY wanted to show leadership and new vision in NC, he was propose bringing the "green" industry to NC, specifically in the devastated areas of our state where manufacturing jobs have left. However, if we were to bring the energy research centers and the battery/solar panel/biofuel manufacturing to NC...that not only helps our energy strategy here in NC, but also provides jobs!

...how about it, Mayor?

McCrory: Offshore drilling a NIMBY issue?

ryanteaguebeckwith — Mon, 30 Jun 2008 14:38:18 -0400

Pat McCrory said offshore drilling is part of a long-range plan.

At a press conference this afternoon in Raleigh, the Republican gubernatorial nominee said that he recognizes that natural gas and oil exploration off of North Carolina's coast would take years to have an effect on the energy market.

But he argued that it would affect speculators, who consider the long-range availability

"If not here, then where?" he asked, saying the alternative would be to rely on countries he characterized as essentially dictatorships. "If we're not willing to drill off our own coasts, then where will you drill? Off Venezuela? Off Nigeria? Saudia Arabia, Russia?"

The Charlotte mayor said that anyone who drives daily and opposes drilling is "hypocritical."

"What you're really saying is 'I'm willing to take oil from someplace else except for my own backyard,'" he said.

McCrory said that drilling would be just one part of his energy plan. He said he would push for more mass transit across the state as well as more wind, solar and nuclear power and more efficient state buildings, among other conservation measures.