Bush trumps Congress; Moves first on drilling

MC.no.spin · 07-14-08, 02:20 PM

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WASHINGTON - Putting pressure on congressional Democrats to back more exploration for oil, President Bush on Monday lifted an executive ban on offshore drilling that his stood since his father was president.
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But the move, by itself, will do nothing unless Congress acts as well.

There are two prohibitions on offshore drilling, one imposed by Congress and another by executive order signed by the first President Bush in 1990. The current president, trying to ease market tensions and boost supply, called last month for Congress to lift its prohibition before he did so himself.

"The only thing standing between the American people and these vast oil resources is action from the U.S. Congress," Bush said in a statement in the Rose Garden. "Now the ball is squarely in Congress' court."
...

Bush trumps Congress; Moves first on drilling - Yahoo! News

It's a good chess move for the elections but doesn't amount to more yet, as the Democrats won't allow this to happen. Their favorability rating may go down to zero though. Democrats think they can explain and justify away to the American people why off-shore drilling wouldn't help the oil prices and the vast transfer of wealth to foreign nations that is occurring now. Even soccer moms are getting it. It's a hot button issue which ultimately could swing a couple of key states over to McCain. That's all it would take to give you "4 more years of Bush."

Doc Howl · 07-14-08, 02:25 PM

Quote:

But the move, by itself, will do nothing unless Congress acts as well.

Nothing to see here.

Navy Pride · 07-14-08, 05:20 PM

This is a losing battle for Obama and the left and a winning one for McCain......The American people want to drill off shore........They don't want to pay $4. a gallon for gas...............

jfuh · 07-14-08, 05:59 PM

Quote:

Originally Posted by MC.no.spin

Bush trumps Congress; Moves first on drilling - Yahoo! News

It's a good chess move for the elections but doesn't amount to more yet, as the Democrats won't allow this to happen. Their favorability rating may go down to zero though. Democrats think they can explain and justify away to the American people why off-shore drilling wouldn't help the oil prices and the vast transfer of wealth to foreign nations that is occurring now. Even soccer moms are getting it. It's a hot button issue which ultimately could swing a couple of key states over to McCain. That's all it would take to give you "4 more years of Bush."

Quote:

Originally Posted by Navy Pride

This is a losing battle for Obama and the left and a winning one for McCain......The American people want to drill off shore........They don't want to pay $4. a gallon for gas...............

You're right, no one wants to pay for $4/gallon for gas.
But one must ask, why is it at this high price today. Will drilling now actually be able to relieve prices at the pump now? next year? the year after?
According to the DOE

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projections in the OCS access case indicate that access to the Pacific, Atlantic, and eastern Gulf regions would not have a significant impact on domestic crude oil and natural gas production or prices before 2030. Leasing would begin no sooner than 2012, and production would not be expected to start before 2017. Total domestic production of crude oil from 2012 through 2030 in the OCS access case is projected to be 1.6 percent higher than in the reference case, and 3 percent higher in 2030 alone, at 5.6 million barrels per day. For the lower 48 OCS, annual crude oil production in 2030 is projected to be 7 percent higher—2.4 million barrels per day in the OCS access case compared with 2.2 million barrels per day in the reference case (Figure 20). Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant.

All this is is but finger pointing politics. The administration trying to force down their political agenda in forcing the democrats to appear to be the ones that are keeping prices high so as to have a political effect come November.
But even if drilling is allowed this very second, the price at the pump will not change immediately - in fact because of the policy of continual drilling as opposed to any real beneficial strategy such as investing more in technology and opening up strategic reserves to help alleviate the problem (which would be immediate) this is again the exact opposite of what should be done.
Jr fracked up the first time in going into Iraq when his dad said no; now he's fracking up again in reversing the very policy that HW set.
Yes NP, if you remember or did your homework you would realize that the executive ban on off shore drilling was done by one of the very pioneers of off shore drilling HW Bush.

Secondly, why are the oil companies not utilizing the land to which the federal government had already leased to them for drilling purposes? source
It seems all this is but securing more while doing nothing to alleviate the pain of the end user. Classic case of the oil companies protecting their profits.

So, before the usual suspects here start screaming and yelling and blaming liberals and democrats for all woes open your partisan eyes and look at the real problem.
You continue drilling for oil all you are really doing in effect is diverting attention from the root of the problem which is that we need to shift our energy usage away from Oil - IOW reduce the demand.

Uniquely for certain members of this site that don't respond to factual evidence here's something simplar, by continuing these ridiculous attention diversion partisan quibble politics all you are doing is allowing the following.
YouTube - Life and Style of Dubai
Yep that's what the money that YOU pay at the pump goes towards. Only you're not enjoying any of it - those in the ME are. Average salary for a 24 yr old college graduate in the Arab Emerits? Try 180K/yr

Navy Pride · 07-14-08, 06:15 PM

Quote:

You're right, no one wants to pay for $4/gallon for gas.
But one must ask, why is it at this high price today. Will drilling now actually be able to relieve prices at the pump now? next year? the year after?
According to the

I think starting to drill now just might lower the price of gas some now because it would shut the speculators up and if Clinton had now vetoed drilling in 1996 we just might have cheap gas now............

I personally don't like it but I can pay for my gas.........The people its killing is the poor in this country the very people that you on the left say you want to help..............

Doc Howl · 07-14-08, 06:16 PM

Quote:

Originally Posted by Navy Pride

I think starting to drill now just might lower the price of gas some now because it would shut the speculators up and if Clinton had now vetoed drilling in 1996 we just might have cheap gas now............

"Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant."

But, hey, you know more than the experts, right?

jfuh · 07-14-08, 06:18 PM

Quote:

Originally Posted by Navy Pride

I think starting to drill now just might lower the price of gas some now because it would shut the speculators up and if Clinton had now vetoed drilling in 1996 we just might have cheap gas now............

I personally don't like it but I can pay for my gas.........The people its killing is the poor in this country the very people that you on the left say you want to help..............

Please see what I've already posted from the DOE's own study.
"Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant. "
Unless we move away from oil expect to continually pay for more and more.

MC.no.spin · 07-14-08, 06:31 PM

Quote:

Originally Posted by jfuh

You're right, no one wants to pay for $4/gallon for gas.

Some are actually quite happy about it, such as many environmentalists who see this as helping their cause.

Quote:

But one must ask, why is it at this high price today. Will drilling now actually be able to relieve prices at the pump now? next year? the year after?

Speculators will be less inclined to purchase oil, as they know the increased supply will lower the price. Further, the fact remains we will be even worse off in a few years if we don't do this now. Also, strategic reserves could be opened up with the knowledge that more oil was on the way.

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All this is is but finger pointing politics. The administration trying to force down their political agenda in forcing the democrats to appear to be the ones that are keeping prices high so as to have a political effect come November.

The truth hurts. This will hurt the democrats in November, you can count on it.

Quote:

But even if drilling is allowed this very second, the price at the pump will not change immediately - in fact because of the policy of continual drilling as opposed to any real beneficial strategy such as investing more in technology

Investment in technology is plenty sufficient in the private sector. Go to nanosolar.com for example. They don't want anymore money and won't accept it, having already received hundreds of millions in venture capital as well as 20 million from Congress. It's not the problem.

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and opening up strategic reserves to help alleviate the problem (which would be immediate) this is again the exact opposite of what should be done.

"Strategic"=Emergency. This is not an emergency. The Strait of Hormuz getting blocked by Iran would be an emergency. However, with more drilling on our coasts, we could forecast a sufficient supply to tap those reserves. Right now, it's simply a scapegoat for liberals, a poor one at that.

Quote:

Jr fracked up the first time in going into Iraq when his dad said no; now he's fracking up again in reversing the very policy that HW set.
Yes NP, if you remember or did your homework you would realize that the executive ban on off shore drilling was done by one of the very pioneers of off shore drilling HW Bush.

Who cares? As if that ban would be non-existentant otherwise. Further, the reasons for the ban (spills) have since been addressed with better technology. The problem is solved, yet liberals pretend it still exists.

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Secondly, why are the oil companies not utilizing the land to which the federal government had already leased to them for drilling purposes?
It seems all this is but securing more while doing nothing to alleviate the pain of the end user. Classic case of the oil companies protecting their profits.

The areas don't show much potential for oil, and the water is very, very deep where they have been given access, making it extremely difficult to drill. Economically, it's not feasible. What is so wrong with letting them drill anywhere along our coasts?

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So, before the usual suspects here start screaming and yelling and blaming liberals and democrats for all woes open your partisan eyes and look at the real problem.

That's a prescription you should follow.

Quote:

You continue drilling for oil all you are really doing in effect is diverting attention from the root of the problem which is that we need to shift our energy usage away from Oil - IOW reduce the demand.

Attention will not be diverted. America's pocketbooks will be more full, while working our way off of oil.

Quote:

Uniquely for certain members of this site that don't respond to factual evidence here's something simplar, by continuing these ridiculous attention diversion partisan quibble politics all you are doing is allowing the following.

Wanting to increase the domestic supply to prevent such transfer of wealth is not diverting attention.

Quote:

Yep that's what the money that YOU pay at the pump goes towards. Only you're not enjoying any of it - those in the ME are. Average salary for a 24 yr old college graduate in the Arab Emerits? Try 180K/yr

You sound jealous and bitter. I'm more concerned with their lack of human rights and wage standards for the people who built those buildings. They can use their wealth however they see fit. Meanwhile, I'm all for alternative energy, getting off oil and stopping this transfer of wealth. I also am for increasing the supply of oil domestically to bring down the price and keep our money in this economy as much as possible.

disneydude · 07-14-08, 06:33 PM

Its just typical of short-sighted GOP "problem solving"......lets go for a possible quick fix and leave the responsibility of dealing with it to the next generation....

We need more innovative ideas.....which is what Obama suggests. We need to be looking for alternatives to oil....not ways to allow oil companies access to more oil so that can continue making obscene profits.....but since the GOP and GWB back big oil......does this surprise anyone?

Iriemon · 07-14-08, 06:38 PM

Funny that W banned offshore drilling when his brother was governor of Florida.

That's not the case any more, so a flip flop was in order.

07-14-08, 05:20 PM	#3
Navy Pride Sage Join Date: Jul 2005 Last Seen: Today 01:27 PM Location: Pacific NW Posts: 27,391 Thanks: 2,899 Thanked 1,232 Times in 963 Posts Lean: Very Conservative Gender: Total Awards: 1	Re: Bush trumps Congress; Moves first on drilling This is a losing battle for Obama and the left and a winning one for McCain......The American people want to drill off shore........They don't want to pay $4. a gallon for gas...............
	__________________ FOR THE LIKES OF LIBERALS LIKE KERRY AND DURBIN: "IF YOU CAN'T STAND BEHIND OUR TROOPS FEEL FREE TO STAND IN FRONT OF THEM."

07-14-08, 06:33 PM	#9
disneydude Sage Join Date: Jan 2006 Last Seen: Today 11:24 AM Location: Los Angeles Posts: 9,556 Thanks: 992 Thanked 2,202 Times in 1,488 Posts Lean: Liberal Gender:	Re: Bush trumps Congress; Moves first on drilling Its just typical of short-sighted GOP "problem solving"......lets go for a possible quick fix and leave the responsibility of dealing with it to the next generation.... We need more innovative ideas.....which is what Obama suggests. We need to be looking for alternatives to oil....not ways to allow oil companies access to more oil so that can continue making obscene profits.....but since the GOP and GWB back big oil......does this surprise anyone?
	__________________ Thank you President Obama, for restoring honor and integrity to the whitehouse

07-14-08, 06:38 PM	#10
Iriemon Banned Join Date: Aug 2005 Last Seen: 12-21-09 09:18 AM Location: Miami Posts: 19,405 Thanks: 1,415 Thanked 2,223 Times in 1,524 Posts	Re: Bush trumps Congress; Moves first on drilling Funny that W banned offshore drilling when his brother was governor of Florida. That's not the case any more, so a flip flop was in order.

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