Drill here, drill now pay less........

Navy Pride · 06-30-08, 11:39 AM

Newt has it right:

YouTube - 3 Ways to Lower Gas Prices

jfuh · 06-30-08, 06:16 PM

Quote:

Originally Posted by Navy Pride

Newt has it right:

YouTube - 3 Ways to Lower Gas Prices

Who pays for the strategic reserve? The American Tax payer.
So essentially what Newt wants us to do is to pay the government more money so as to lower the cost of gasoline at the pump?
Sorry I'll pay for what I use - this fool hearty method of lowering gas prices only allows for very short term relief while doing nothing to resolve the root of the problem.
Shale oil? Sure it can be extracted but I question as to where Newt got his figure that it'd be plentiful and easily extractable to fully supply oil demand.
Nuke plants no issue whatsoever.
But what we see here is a cleverly disguised means of the con artists attempting to attack democrats for something that they are just as responsible for - if not more so given that they've had the full authority of congress for the last 12 years.
So 1) the "lowering" will only delay the inevitable and we'll be right back here playing the blame game again next year
2) this is but another point the finger blame game.

The silenced majority · 06-30-08, 06:24 PM

I have to say that it is quite funny to watch the party of out-sourcing & unyielding dogmatic adherence to the ethereal concept of "free trade" offer up a totally Nationalist, protectionist solution to our Country's energy problems.

Vader · 06-30-08, 07:06 PM

Quote:

Originally Posted by jfuh

Who pays for the strategic reserve? The American Tax payer.
So essentially what Newt wants us to do is to pay the government more money so as to lower the cost of gasoline at the pump?
Sorry I'll pay for what I use - this fool hearty method of lowering gas prices only allows for very short term relief while doing nothing to resolve the root of the problem.
Shale oil? Sure it can be extracted but I question as to where Newt got his figure that it'd be plentiful and easily extractable to fully supply oil demand.
Nuke plants no issue whatsoever.
But what we see here is a cleverly disguised means of the con artists attempting to attack democrats for something that they are just as responsible for - if not more so given that they've had the full authority of congress for the last 12 years.
So 1) the "lowering" will only delay the inevitable and we'll be right back here playing the blame game again next year
2) this is but another point the finger blame game.

That is the popular liberal misinterpretation of his ideas; however, it isn't accurate or correct.

Drilling for our own oil will give us a NEW supply of oil which will EFFECTIVELY decrease our need of islam-oil. Therefore, we will be able to HURT ISLAM OIL SALES and THAT WILL EFFECTIVELY FORCE THEM TO LOWER THEIR PRICES.

Now.... in my eyes this is a GOOD way to force down the price at the pump!

Now please ... cease your needless tree-hugging and get with the @#$%#$%@#$%@#% program.

Australianlibertarian · 06-30-08, 09:27 PM

It's amazing that even Newt seems to have forgotten economics 101.

What happens when demand for a product increases?

What happens when production of conventional oil can only just match demand increases?

Secondly, everyone seems to be blaming the oil speculators, it just seems to me that politicians are finding someone to blame.... Some other poster has produced data showing that oil speculators are not increasing oil prices. I'll leave it at that.......

Thirdly even if the U.S has huge amounts of shale oil, that may be total reserves, you need to take into account the actual amount that is recoverable..... And even if America starts drilling for oil of the Atlantic and Pacific, and starts utilizing non-conventional sources of oil, will that in itself reduce oil prices?

Everyone seems to be forgetting that both China and India are aiming to become as developed as the West. In thirty years time how much oil will those nations be consuming? How much will the U.S be consuming in that time?

Has anyone also considered that oil prices must not slip below a certain price, as non-conventional sources of oil are not economically viable below $30 a barrel.

I'm sorry but there is no real answer for oil prices, we are dealing with peak oil end of, a huge amount of people in Asia reaping the rewards of globalization. Whether you are American, British, Canadian, German, French, Japanese or Australian, us westerners are now competing for oil against the rest of the world. Now short of socialism, subsidies or war, this means that we'll just have to pay for the price of oil. And if you don't like it I suggest that you get on your bike, start walking to work, or talk the dreaded socialist public transport.....

Sir Loin · 07-02-08, 02:36 PM

Quote:

Originally Posted by Australianlibertarian

I'm sorry but there is no real answer for oil prices, we are dealing with peak oil end of, a huge amount of people in Asia reaping the rewards of globalization. Whether you are American, British, Canadian, German, French, Japanese or Australian, us westerners are now competing for oil against the rest of the world. Now short of socialism, subsidies or war, this means that we'll just have to pay for the price of oil. And if you don't like it I suggest that you get on your bike, start walking to work, or talk the dreaded socialist public transport.....

Public transportation is a "socialist" concept?

shuamort · 07-02-08, 02:40 PM

Drill here, drill now pay less........The title of this thread sounds like a Wal-Mart hooker.

Which is exactly how we're treating the economy here. I'm waiting to here a comprehensive plan instead of this arm-flailing ideas and moving the deckchairs on the Titanic.

Gill · 07-02-08, 02:45 PM

Quote:

Originally Posted by Australianlibertarian

It's amazing that even Newt seems to have forgotten economics 101.

What happens when demand for a product increases?

What happens when supply increases???

SouthernDemocrat · 07-02-08, 05:25 PM

Quote:

Originally Posted by Vader

That is the popular liberal misinterpretation of his ideas; however, it isn't accurate or correct.

Drilling for our own oil will give us a NEW supply of oil which will EFFECTIVELY decrease our need of islam-oil. Therefore, we will be able to HURT ISLAM OIL SALES and THAT WILL EFFECTIVELY FORCE THEM TO LOWER THEIR PRICES.

Now.... in my eyes this is a GOOD way to force down the price at the pump!

Now please ... cease your needless tree-hugging and get with the @#$%#$%@#$%@#% program.

So you are claiming there are regional oil markets??

Moreover, considering the average EROEI on domestic oil shale production is exponentially higher than it is with Saudi Oil Production, why would we buy it before we bought much cheaper to produce OPEC oil?

When you buy onions at the store, do you buy the 99 cent a pound ones, or the 5 dollar a pound ones?

obvious Child · 07-08-08, 05:13 AM

Quote:

Originally Posted by Vader

Drilling for our own oil will give us a NEW supply of oil which will EFFECTIVELY decrease our need of islam-oil. Therefore, we will be able to HURT ISLAM OIL SALES and THAT WILL EFFECTIVELY FORCE THEM TO LOWER THEIR PRICES.

Come again?

Explain to me how adding what amounts to a drop in the bucket can force price setters to lower their prices. Furthermore, I'd love to see your argument as to why oil from the US wouldn't be priced at international commodity market levels. Even if we jacked up drilling, we're still beholden to OPEC.

Repeat all you want about how domestic drilling will do this or that, but when you and others fail to address the most basics of commodity markets, your arguments are massively ignorant.