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Gas prices are highest ever for this time of year

The fact of the matter is that we do not have enough oil to last us forever. The US government invests in green energy due to the fact that people themselves won't do it alone as there is too much risk, thus in order to create a base for green energy, the government must become involved. This has occurred in the past, but rather through tariffs. For example, the US became a world power by protecting its domestic industries via tariffs.


"Growing imports have forced many domestic industries to reduce output and lay off workers. On a number of occasions, the United States has provided trade protection to such industries. These restraints on imports are intended to provide domestic firms with the time and the resources to compete more effectively with foreign producers." (Has Trade Protection Revitalized Domestic Industries?)

Buchanan on the history of U.S. protectionism: "Behind a tariff wall built by Washington, Hamilton, Clay, Lincoln, and the Republican presidents who followed, the United States had gone from an agrarian coastal republic to become the greatest industrial power the world had ever seen — in a single century. Such was the success of the policy called protectionism that is so disparaged today." (The Truth about Trade in History | Bruce Bartlett | Cato Institute: Commentary)




Green energy, on some scale is a must due to the fact that oil is running out (THE PEAK OF WORLD OIL PRODUCTION) (http://cta.ornl.gov/cta/Publications/Reports/RunningOutofandIntoOil_TRB1880.pdf) (Oil production and consumption: Running dry | The Economist) (Is our luck running out on oil supplies? - CSMonitor.com). Thus, if we are to keep us this standard of living that we have, we will need a new source of energy.
 
We should just invade an oil-rich country! That'll surely lower the price of oil!
 
So what caused it to go to $4 last time? Oh yeah, it was Bush and speculators and Ann Coulter and Halliburton, if I recall. I get them all mixed up when a Republican is in office.

Obama's and liberal's disinterest in solving our infrastructure problem is THE problem.

Actually, US infrastructure has been sucky for quite some time (The Infrastructure Deficit | NewAmerica.net)
 
The vast majority of our oil comes from Canada and elsewhere. Iran has been in this state for over a decade.

I wonder if Obama, privately, loves this. The enviros want us all peddling bikes anyway.



Oil has its price determined internationally. That the US gets around a couple of million barrels per day from Canada is meaningless as the demand for oil is increasing in places like China, India, Brazil etc.

Combined with the potential for a very real shortage of oil if Iran is attacked, and the price of oil in the US and throughout the world, will go up drastically


Also the vast majority of US oil comes from the US, and oil production in the US has been increasing over the last few years not decreasing if I recall correctly.

Take Iranian oil off the international market, and the price of oil will increase drastically. If Iran in response to an attack on it, decides to take out Saudi arabian oil export facilities and the world will enter a deep depression
 
Oil has its price determined internationally. That the US gets around a couple of million barrels per day from Canada is meaningless as the demand for oil is increasing in places like China, India, Brazil etc.

Combined with the potential for a very real shortage of oil if Iran is attacked, and the price of oil in the US and throughout the world, will go up drastically


Also the vast majority of US oil comes from the US, and oil production in the US has been increasing over the last few years not decreasing if I recall correctly.

Take Iranian oil off the international market, and the price of oil will increase drastically. If Iran in response to an attack on it, decides to take out Saudi arabian oil export facilities and the world will enter a deep depression

You are correct, the U.S. has become the 2nd largest producer of oil behind Russia.

But i disagree with the deep depression reference in the event that war ravages middle east refining and exporting capabilities. Yes, we will surly be hit by a stagflation, but the incentive for the international community to quickly rebound from such a scenario will be at an all time high. If Iran makes such a strategic attack, they will essentially have declared war on every nation that is oil dependent. A global coalition would quickly disarm Iran's military capabilities, and rebuild needed oil infrastructure as fast is humanly possible. Let's just hope it does not come to this.

IMO of course!
 
News Headlines



I just don't get it.

You build a a new refinery or two, which will directly and indirectly create hundreds of thousands of jobs, and you drive the price down on gasoline, groceries, travel, and everything else. You run that pipleline and you pick up our on- and off-shore drilling production, too

Basically, Obama has extended the social security tax cut so people get to keep another $40 per month, then gas prices spiral upward so all that and more goes back into the gas tank. What is the point?

Why we let this go on, while other countries simply pick up the slack and gouge us on the back end, is completely beyond me.

But I guess the Jedi global-warming mind tricks always work on the weak minded, eh Obi Wan?

It's just price fixing and nothing more. They've been doing this for quite some time now.
 
Build the Keystone pipeline, drill here and drill now, and **** Obama :mrgreen:
 
Build the Keystone pipeline, drill here and drill now, and **** Obama :mrgreen:



N. American oil output could top 40-year-old peak

North America appears headed for an oil renaissance, with crude production expected to hit an all-time high by 2016, given the current pace of drilling in the U.S. and Canada, according to a study released by an energy research firm this week.

U.S. oil production in areas including West Texas' Permian Basin, South Texas' Eagle Ford shale, and North Dakota's Bakken shale will record a rise of a little over 2 million barrels per day from 2010 to 2016, according to data compiled by Bentek Energy, a Colorado firm that tracks energy infrastructure and production projects.

Canadian crude production is expected to grow by 971,000 barrels per day during the same period, with much of the oil headed for the U.S.

Combined, the U.S. and Canadian oil output will top 11.5 million barrels per day, which is even more than their combined peak in 1972.

Goldman Sachs has estimated the U.S. could move from being the No. 3 oil producer behind Saudi Arabia and Russia to the No. 1 spot by 2017.

continued.............

http://www.chron.com...eak-2193837.php

(When the ppb is high.. oil companies invest in exploration and rigs.. young men study petroleum engineering... )
 
So what caused it to go to $4 last time? Oh yeah, it was Bush and speculators and Ann Coulter and Halliburton, if I recall. I get them all mixed up when a Republican is in office.

Obama's and liberal's disinterest in solving our infrastructure problem is THE problem.

It's all Obama's fault. Everything is Obama's fault. Fortunately, you will be able to blame him for four more years. Must really suck to be a conservative these days.
 
Build the Keystone pipeline, drill here and drill now, and **** Obama :mrgreen:

The U.S. lacks the capabilities to offset any supply disruptions from the middle east. Are you aware of how long it takes to get an oil rig up, running, and pumping?
 
The U.S. lacks the capabilities to offset any supply disruptions from the middle east. Are you aware of how long it takes to get an oil rig up, running, and pumping?

This is the fast food, quick fix, drive through banking generation..............
 
News Headlines



I just don't get it.

You build a a new refinery or two, which will directly and indirectly create hundreds of thousands of jobs, and you drive the price down on gasoline, groceries, travel, and everything else. You run that pipleline and you pick up our on- and off-shore drilling production, too

Basically, Obama has extended the social security tax cut so people get to keep another $40 per month, then gas prices spiral upward so all that and more goes back into the gas tank. What is the point?

Why we let this go on, while other countries simply pick up the slack and gouge us on the back end, is completely beyond me.

But I guess the Jedi global-warming mind tricks always work on the weak minded, eh Obi Wan?

Has nothing to do with Obama, Republicans, Democrats, or the tooth fairy either, for that matter. Iran just cut off the oil to England and France, which are now competing for supplies that generally go to the US. Gas is going to be over 5 bucks a gallon by this summer.
 
Has nothing to do with Obama, Republicans, Democrats, or the tooth fairy either, for that matter. Iran just cut off the oil to England and France, which are now competing for supplies that generally go to the US. Gas is going to be over 5 bucks a gallon by this summer.
You would have to think that the Obama administration, as incompetent as it is, would do anything in its power to prevent a huge spike in the price of oil. $5 a gallon gas will spiral our economy back to 2008 and that is the one thing that Obama can count on to lose the election.
 
It's all Obama's fault. Everything is Obama's fault. Fortunately, you will be able to blame him for four more years. Must really suck to be a conservative these days.

You can't fix stupid, and unfortunately, a huge portion of this country's electorate won't vote against their welfare handout masters.

Still, independents are freaking out over your abortion of a president, so I wouldn't count your chickens before they come home to roost, as your beloved Reverend Wright would say.
 
You can't fix stupid, and unfortunately, a huge portion of this country's electorate won't vote against their welfare handout masters.

Still, independents are freaking out over your abortion of a president, so I wouldn't count your chickens before they come home to roost, as your beloved Reverend Wright would say.

Are you so inculcated with hate that you actually believe that Obama wants anything but a restructuring of failed policies?

Do you truly believe that he wants to destroy the US?
 
You would have to think that the Obama administration, as incompetent as it is, would do anything in its power to prevent a huge spike in the price of oil. $5 a gallon gas will spiral our economy back to 2008 and that is the one thing that Obama can count on to lose the election.

I fortunate that I can afford it, and I'm almost tempted to root for this, but it just kills so many family budgets and causes so much hyperinflationary concerns from Wall Street to Main Street, it's got to be curtailed.
 
I fortunate that I can afford it, and I'm almost tempted to root for this, but it just kills so many family budgets and causes so much hyperinflationary concerns from Wall Street to Main Street, it's got to be curtailed.

Are you so naive that you think gas will ever again be cheap?

And, are you so naive that you think Obama runs the oil world?
 
Are you so inculcated with hate that you actually believe that Obama wants anything but a restructuring of failed policies?

Do you truly believe that he wants to destroy the US?

As we know it....yes. He envisions a Europeanized version of the U.S., where we coexist but do not dominate. You can't hang with Bill Ayers and Reverend Wrights of the world and cut your teeth in Chicago politics, and have a real appreciate for true American exceptionalism.
 
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