I guess the larger point I am making is that why is it that such deference is given to Obama when it is demonstrable that his policies are directly contributing to the current rise in pricing at the pump.
My larger point is that the circumstances at work are larger than "Obama's not letting us drill." For one thing, there are permits for drilling being issued. For another, it has to be refined first. As it is, gasoline being refined in the United States is already being exported to other countries. Which means that someone in "Big Oil" has figured out that they make more money by putting it on a tanker to China than they do selling it here. If that wasn't the case, it would stay here and gas would be cheaper for us.
Then what would be the harm in allowing them to explore? And if significant production can be introduced then the price would fall.My larger point is that the circumstances at work are larger than "Obama's not letting us drill."
Not nearly enough, nor fast enough. This is by design, and a liberal talking point, when in truth Obama administration had to be held in contempt of a Federal court order for them to even pretend to entertain the idea of reissuing permits in the Gulf.For one thing, there are permits for drilling being issued.
What is this, a shift on the old 'it'll take ten years' argument? So refine it.For another, it has to be refined first.
Is the export of refined product a new phenomena? No, it isn't.As it is, gasoline being refined in the United States is already being exported to other countries.
This is yet another liberal talking point. I hear it ten times a day on XM Left. It is a lie ofcourse. There are other factors that make it necessary to export this product.Which means that someone in "Big Oil" has figured out that they make more money by putting it on a tanker to China than they do selling it here.
Bottom line is that the high cost of gas is a straight line to the destruction that this administration has wrought on the value of the dollar. Since oil is traded in dollars, then as they are worth less, oil price rises. This ain't rocket science.If that wasn't the case, it would stay here and gas would be cheaper for us.
Got any more partisan hackery you'd like to share with us?
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Last edited by Catawba; 02-27-12 at 12:07 AM.
Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb
Nother day, same **** huh? Doesn't really seem to matter who we put into office, same god damned result every time. Well I'm sure the oil refineries are happy about this excuse to continue pilfering the People. Gotta love corporate capitalism.
Mass graves for the pump and the price is set.
You know the time is right to take control, we gotta take offense against the status quo
Originally Posted by A. de Tocqueville
It's not a lie that they've figured out they make more money doing it. If they made more money keeping it here, they would do that. It's not a condemnation of them, doing what's profitable is the function of a business. My main point in this is that we could drill more and build pipelines, but crude is only part of the equation. If we supply this crude to the refineries who turn around and export it, it doesn't help our gas prices much at all. You can't drill gasoline.
There's higher demand worldwide. Notably in China, but not exclusively there. Higher demand equals higher prices. It's market economics 101.