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

Apparently none of them killed the oil business or drove gas up to $7/gallon.

Because the courts and Republicans stopped his policies. And he cant control drilling on non federal land. Would has prices be higher or lower with Keystone passed, ANWR open, and less harrasment of fracking?
 
Because the courts and Republicans stopped his policies. And he cant control drilling on non federal land. Would has prices be higher or lower with Keystone passed, ANWR open, and less harrasment of fracking?

None of those would have any effect on gas prices. Gasoline is a separate commodity. Much of the gas produced here is shipped overseas because the oil companies make more money like that. That's not a dig on them, making money is what they should be doing, but flooding the domestic market with cheap gasoline doesn't help them do that.

High oil prices is what makes the tar sands in Alberta profitable in the first place. If oil prices went way down, they'd cut production and the Keystone pipeline would run dry.
 
Go ahead. Fact is that the oil industry is not dead.

Not yet, but My God, man, cut some slack here...These things can't be accomplished overnight, you know! :2mad:
 
None of those would have any effect on gas prices. Gasoline is a separate commodity. Much of the gas produced here is shipped overseas because the oil companies make more money like that. That's not a dig on them, making money is what they should be doing, but flooding the domestic market with cheap gasoline doesn't help them do that.

High oil prices is what makes the tar sands in Alberta profitable in the first place. If oil prices went way down, they'd cut production and the Keystone pipeline would run dry.

Here we go with the, "more oil production isn't going to lower gas prices", talking point.
 
Here we go with the, "more oil production isn't going to lower gas prices", talking point.

It would lower prices, but if oil prices went too low, the oil companies would cut production until the prices went back up to a profitable point. They're not a public charity, you know.
 
None of those would have any effect on gas prices. Gasoline is a separate commodity. Much of the gas produced here is shipped overseas because the oil companies make more money like that. That's not a dig on them, making money is what they should be doing, but flooding the domestic market with cheap gasoline doesn't help them do that.

High oil prices is what makes the tar sands in Alberta profitable in the first place. If oil prices went way down, they'd cut production and the Keystone pipeline would run dry.

Gas prices are directly related to oil supply.
 
It would lower prices, but if oil prices went too low, the oil companies would cut production until the prices went back up to a profitable point. They're not a public charity, you know.

That only happens when there is a surplus of oil. Right now we have a shortage. Thus they can make profit on every barrel they produce.
 
Here we go with the, "more oil production isn't going to lower gas prices", talking point.

Well.....I'm not against, just going and take what the Saud has. Solves the problem all the way round with them.
 
Boo-Yah. 'Mericuh.




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Saudi Arabia's numbers are known only by the government there, but there is evidence that Saudi's oil peaked a couple years ago, and very soon will be in decline.
 
Saudi Arabia's numbers are known only by the government there, but there is evidence that Saudi's oil peaked a couple years ago, and very soon will be in decline.

Cigar.....my friend? ;)

th
 
Gas prices are directly related to oil supply.

They are, but there's more than enough gas if they don't send it overseas. It's not so related that a dollar drop in the price of a barrel of oil results in a price change at the pump right away. There's the price of oil and the price of gasoline, which are different. The price you pay at the pump reflects how much the gas station owner has to pay the oil company for the gas.

Flooding the market with cheap oil would be great for the price we pay, put not for the profitability of the oil company. If you have a business that makes wicker baskets but the prices are so low because there's too many on the market, you cut back on how many you make until the price goes back up. You don't think that oil companies work on that same principle (to an extent)?
 
That only happens when there is a surplus of oil. Right now we have a shortage. Thus they can make profit on every barrel they produce.

Yes, they make a profit. They're not going to flood the market with cheap oil until they're not anymore.
 
Yes, they make a profit. They're not going to flood the market with cheap oil until they're not anymore.

It wont be cheap oil until there is a surplus, and we're far from that. More domestic drilling doesnt reduce Chinas exponential increase in demand. But less drilling cant do anything but drive the price up. Hence why Obama blocking Keystone, fracking, offshore drilling cant be doing anything but hurting energy prices. Its artifical manipulation. Non federal drilling is simply offsetting the damage.
 
It wont be cheap oil until there is a surplus, and we're far from that. More domestic drilling doesnt reduce Chinas exponential increase in demand. But less drilling cant do anything but drive the price up. Hence why Obama blocking Keystone, fracking, offshore drilling cant be doing anything but hurting energy prices. Its artifical manipulation. Non federal drilling is simply offsetting the damage.

None of those things are going to make the price go down without the oil companies. They're not going to build offshore rigs if the profit isn't there. Keystone only would make it easier to ship the oil overseas, it wouldn't put more oil on the market.

It's not cheap until there's a surplus, but the oil companies aren't going to let that happen. It's not in their financial interest.
 
None of those things are going to make the price go down without the oil companies. They're not going to build offshore rigs if the profit isn't there. Keystone only would make it easier to ship the oil overseas, it wouldn't put more oil on the market.

It's not cheap until there's a surplus, but the oil companies aren't going to let that happen. It's not in their financial interest.

The profit IS there. So the more barrels they sell the more profit. Domestic oil companies are producing at maximum ability, and theres still demand for more.
 
The profit IS there. So the more barrels they sell the more profit. Domestic oil companies are producing at maximum ability, and theres still demand for more.

The profit is there now. They're not going to let there be so much oil that it isn't. They want it at current prices.
 
That damn Obama and his oppressive energy/oil policies. Conservatives told us for years Obama was doing everything he could to kill the oil business, and now we see just how right they were...

He is, and they are....This news is in no way attributed to anything progressive libs have done. This is in spite of their attempts to kill it.
 
This is a debate forum. So debate.
Respond to what I was saying, instead of ranting on an unrelated topic and I'll consider it.
Name one Obama policy that increaed domestic oil production.
Don't have to. The point I was making was pointing out how wrong those who opposed Obama were when they said he was trying to kill the oil industry and that it was his fault gas prices were so high.
And now gas is almost $3 a gallon here....thanks Obama. It was fine at $3.50.
Typical Socialist policies, where he's trying to save money for the poor. Thanks Obama for ruining this country by saving poor people money on gas.
Oh, here we go: Obama had nothing to do woth the bad stuff. LOL!
I'm looking....nope, I didn't say or even insinuate anything of the sort. But hey, good attempt at putting words in my mouth...err, letters on my keyboard.
He is, and they are....This news is in no way attributed to anything progressive libs have done. This is in spite of their attempts to kill it.
Of course. When something good happens, it happens because Obama is completely ineffectual and has nothing to do with the good. I'm sure when something bad happens, though, you keep the same position that Obama is ineffectual and had nothing to do with the bad thing, right?
 
Of course. When something good happens, it happens because Obama is completely ineffectual and has nothing to do with the good. I'm sure when something bad happens, though, you keep the same position that Obama is ineffectual and had nothing to do with the bad thing, right?

Well, simple then....point to what Dear Leader has done to spur this....Short of that, there is nothing there other than American exceptionalism....I know you want Obama to be able to take credit, but sorry, when you have a President that specifically runs an election campaign on killing these industries, and costs "necessarily skyrocketing", you don't get to take the credit when this happens and is good in spite of you.
 
That damn Obama and his oppressive energy/oil policies. Conservatives told us for years Obama was doing everything he could to kill the oil business, and now we see just how right they were...

You can thank/blame George W. Bush and his administration for granting/issuing all those exploration permits before he left office for the ramping up of production that has taken place over the past 10 years.

Obama staying out of the way or being forced to get out of the way by congress has allowed the sound Bush administration policy to bring gains now.

Interesting that you want to crow for Obama when he's done nothing tangible to make this happen.

New slogan - "Obama, he's our man - when he does nothing, America prospers" - that's catchy.
 
Don't have to. The point I was making was pointing out how wrong those who opposed Obama were when they said he was trying to kill the oil industry and that it was his fault gas prices were so high
You pointed in the wrong direction.
.
Typical Socialist policies, where he's trying to save money for the poor. Thanks Obama for ruining this country by saving poor people money on gas.
LOL. So paying more is less now? $1.838 per gallon was the national average the day before he took office.

At least you are consistent. Anything, anything at for the disaster Obama.
 
Well, simple then....point to what Dear Leader has done to spur this
As I said in my last post:

"Don't have to. The point I was making was pointing out how wrong those who opposed Obama were when they said he was trying to kill the oil industry and that it was his fault gas prices were so high."

I know you want Obama to be able to take credit
If you "know that", then you clearly know nothing. Once more, I'll point you to what I've said before:

If we looked at FACTS, we'd note giving the President credit or blame for rising or lowering gas prices or oil production is an erroneously simplistic view of the situation.

Interesting that you want to crow for Obama when he's done nothing tangible to make this happen.
What's REALLY interesting is how many times I can say I'm not crediting Obama and people still don't seem to understand it. In your defense, you may not have read anything else I've said in this thread (which is completely understandable), but I have said several times what my statements were intended to be.
You pointed in the wrong direction.

Nope, I was perfectly accurate.
LOL. So paying more is less now? $1.838 per gallon was the national average the day before he took office.

Which is such an asinine statement, it amazes me people are still using it. I suppose the fact our economy had just crashed and the stock market was in the pits had nothing to do with that, right? Nevermind the over $4 a gallon average in September 2008, and the gradual rise over the 8 years of Bush's presidency. Nope, let's just focus on a particular date which is completely inconsistent to the otherwise steady upward trend which had existed until the economy crashed.

At least you are consistent.
I am. I'm consistently in favor of facts and common sense. It's a shame there aren't more of me.
 
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