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Thread: US to surpass Saudi as top oil producer by 2016: IEA

  1. #91
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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by jonny5 View Post
    Gas prices are directly related to oil supply.
    True; however, we're not the only supplier. If you think that OPEC wouldn't alter production to keep gas prices artificially high, I have a bridge to sell you.
    Freedom of speech is not freedom from criticism.

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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by rocket88 View Post
    Obama should have totally left the financial disaster sit where it was. The fact that for most of the Bush admin, it hovered around $2.50 - 3 is totally irrelevant.
    I realize it was what you quoted, not your statement, but the "gas was XX when Obama took office" argument is totally disingenuous.

    Gas prices plummeted because the economy dropped a phenomenal deuce and demand cratered. As the economy improved and demand rose ... guess what? So did the price of gas.
    Freedom of speech is not freedom from criticism.

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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by Zyphlin View Post
    Yes, that and the opposite is true, depending on who you talk to and on what issue. I'm glad I always remember seeing you taking this tone when left leaning posters are explaining how any bad news is everyone but Obama's fault.....

    As to this, great to see it. I imagine it will only continue as fracking becomes a more common practice and we start taking advantage of the reserves around this country.

    I'd still personally rather see us investing money into technologies that can synthesize oil or get more out of it than attempting to push massively for an energy source that would require an overhaul of the entire infastructure that is currently in place.
    That's what I like about Conservatives. They have such VISION. No matter what we do , oil will run out eventually. It only makes sense to prepare for that day.

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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by rocket88 View Post
    Obama should have totally left the financial disaster sit where it was. The fact that for most of the Bush admin, it hovered around $2.50 - 3 is totally irrelevant.
    You are dreaming again.

    20120914_020831_gasprez.jpg

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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by Slyfox696 View Post
    I always love how people mention Solyndra, when it's been well proven that most of the money that went to green energy companies was money well spent (not to mention Solyndra was chosen and supported by Bush before Obama took office). Have you ever stopped to consider why you ONLY use Solyndra? Why there's only ONE company you mention? It's because of the many green energy companies who received money, most of them made good use of the money.
    "The complete list of faltering or bankrupt green-energy companies:
    Evergreen Solar ($25 million)*
    SpectraWatt ($500,000)*
    Solyndra ($535 million)*
    Beacon Power ($43 million)*
    Nevada Geothermal ($98.5 million)
    SunPower ($1.2 billion)
    First Solar ($1.46 billion)
    Babcock and Brown ($178 million)
    EnerDel’s subsidiary Ener1 ($118.5 million)*
    Amonix ($5.9 million)
    Fisker Automotive ($529 million)
    Abound Solar ($400 million)*
    A123 Systems ($279 million)*
    Willard and Kelsey Solar Group ($700,981)*
    Johnson Controls ($299 million)
    Brightsource ($1.6 billion)
    ECOtality ($126.2 million)
    Raser Technologies ($33 million)*
    Energy Conversion Devices ($13.3 million)*
    Mountain Plaza, Inc. ($2 million)*
    Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
    Range Fuels ($80 million)*
    Thompson River Power ($6.5 million)*
    Stirling Energy Systems ($7 million)*
    Azure Dynamics ($5.4 million)*
    GreenVolts ($500,000)
    Vestas ($50 million)
    LG Chem’s subsidiary Compact Power ($151 million)
    Nordic Windpower ($16 million)*
    Navistar ($39 million)
    Satcon ($3 million)*
    Konarka Technologies Inc. ($20 million)*
    Mascoma Corp. ($100 million)
    *Denotes companies that have filed for bankruptcy.
    The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.
    The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain."

    President Obama's Taxpayer-Backed Green Energy Failures

    This was as of last year....So you're right, it's not just Solyndra, it's a lot more.....And the list of Obama cronies that got these grants, and then went belly up, reads like a donor list of campaign '08 insiders....Can you say corruption? But that doesn't matter to you right? As long as there is someone doing it that you can ideologically agree with.

    But that aside, everything you said here (even if it was true, which it is not) doesn't change the fact that Obama clearly has not killed the oil industry.
    No, he hasn't, but that is not for lack of trying....Think about who is effected most by his flippant statement of "energy prices would necessarily skyrocket".... Do you think it is the rich? NO. Those most effected by his scorched earth war against fossil fuels, hurts the poor disproportionately. But that's ok with you right?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by Kobie View Post
    True; however, we're not the only supplier. If you think that OPEC wouldn't alter production to keep gas prices artificially high, I have a bridge to sell you.
    Actually, the Saudi's have frequently done exactly what you claim they don't. Historically, the Saudi's have increased production in order to stabilize or lower prices because they know that too high a price for oil harms world economies and without robust economic activity, their only export becomes less valuable. That doesn't mean that every member of OPEC agrees with the Saudis or appreciates what they do, but it's not true that OPEC always or even mostly keeps oil prices artificially high - in fact, more often they've kept oil prices artificially low.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by CanadaJohn View Post
    Actually, the Saudi's have frequently done exactly what you claim they don't. Historically, the Saudi's have increased production in order to stabilize or lower prices because they know that too high a price for oil harms world economies and without robust economic activity, their only export becomes less valuable. That doesn't mean that every member of OPEC agrees with the Saudis or appreciates what they do, but it's not true that OPEC always or even mostly keeps oil prices artificially high - in fact, more often they've kept oil prices artificially low.
    Mornin CJ .....well with us surpassing them. They will have to keep them low and maybe go even lower.

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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by Kobie View Post
    True; however, we're not the only supplier. If you think that OPEC wouldn't alter production to keep gas prices artificially high, I have a bridge to sell you.
    Perhaps you should read the entire thread for context before jumping in.

  9. #99
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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by MMC View Post
    Mornin CJ .....well with us surpassing them. They will have to keep them low and maybe go even lower.
    Good morning MMC - at least until the economies of Europe, China, and India start to improve.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: US to surpass Saudi as top oil producer by 2016: IEA

    Quote Originally Posted by Slyfox696 View Post

    I do no such thing, but considering how incredibly blind you are to anything aside from partisan attacks, it doesn't surprise me you'd post this. It never ceases to amaze me how many times I prove you wrong and you simply try to change the subject or ignore the fact you are wrong. It's happened many times.
    LOL. Partisan attacks uh? Show me where I support anything from the RINO side of the GOP. That side is almost as dumb and evil as the democrats and they get no support from me. I'm not surprised you are "amazed" at anything. You post spin, twists, wiggles and flat out lies in support of Obama and as far as I know you can't understand why everyone doesn't jump on board the nonsense train with you. You have never proven me wrong at anything, you can't. Your blind support for a liar who peddles lies will not allow you to check things out and find facts.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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