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Thread: Dems change tune after mocking GOP for ‘drill, baby, drill’

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    Quote Originally Posted by ironhorse View Post
    And when gas prices go back up the taxes will still be there.
    Yup! All they want is more money to waste now!

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    Quote Originally Posted by ironhorse View Post
    And when gas prices go back up the taxes will still be there.
    I like your IronHorse. Is that an old pan? 64,65
    Energy Corporations have run this Nation for a long time. The "frackers" are
    newbies on the block, so they don't have really big power entrenched like the
    establisher Rockefeller type dynasties that go back over a hundred years.

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    Quote Originally Posted by Sooda View Post
    OPEC will be fine.. and their target is not the US shale producers, its Russia and Iran and ISIS.
    "If it wasn’t clear before, it should be now. The Saudis have put a bull’s-eye on the U.S. shale industry: Sapient Global Markets’ Chip Register that examines the recent plunge in oil prices and potential responses for the U.S. market to consider.

    Last week the Kingdom cut the selling price for its crude for the second straight month in a row. But unlike the last time, the Saudis only cut their price for oil bound for the U.S. market and nowhere else. Indeed, they actually increased the selling price of its oil to Asia and Europe, much to the relief of fellow OPEC members."


    As Saudis Target Shale Industry, U.S. Considers a Response

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    it is, at it's heart, a basic supply and demand equation.

    low demand, excess supply... and prices are dropping.

    I don't really buy into the the theories of this occurring because someone is targeting someone else... it doesn't make good business sense at all...and it doesn't work like some think it does.
    take shale oil for an example...the idea that the saudis are targeting shale oil isn't very sound... nor is the idea that they will take huge hits for a number of years to "kill" this competition.
    first, the shale oil industry isn't going to magically disappear... sure smaller firms will find it unprofitable to continue operations, but this production won't magically dry up... these firms will either merge, or be acquired by bigger fish who can find profitability in these operations.

    oil firms and oil producing nations are kinda in a hard spot... they need their revenues fro moil... but prices are down big..
    have htey cut production to bring supply in line with demand?.... nope.... nor can they afford to.
    they have to keep producing lest they take a bigger hit on 2 fronts... one being pricing, the other being quantity.
    ( no sense in saying " we're making far less money per barrel.. we have to produce fewer barrels!!)


    in any event, .. yeah.. democrats and liberals do look silly for their fight against increased production ( drill baby drill)... it's not the whole reason for the drop in prices, of course.. but it is certainly one of the major factors.

    personally, i think this whole thing is one big ass market correction.. i think past oil prices were artificial and way out of bounds.
    I think when the dusts settles in a couple of years, we'll be back in the 60-70 bucks a barrel range, tops.... it's doubtful that we see 100+ bucks a barrel again.

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    Quote Originally Posted by ironhorse View Post
    It's called supply and demand, get it now DNC? Get it now Obama?
    Be sure to watch the video, it's hilarious.


    Back when gas topped $4 a gallon, Republicans chanted "drill, baby, drill" at rallies across the country -- arguing more domestic drilling would increase supplies, reduce dependence on foreign oil and boost the U.S. economy.

    Democrats, almost universally, mocked the GOP plan. In 2012, President Obama called it "a slogan, a gimmick, and a bumper sticker ... not a strategy."

    "They were waving their three-point plans for $2-a-gallon gas," Obama told a laughing audience during an energy speech in Washington. "You remember that? Drill, baby, drill. We were going through all that. And none of it was really going to do anything to solve the problem."

    "'Drill, baby, drill' won't lower gas prices today or tomorrow," Rep. Janice Hahn, D-Calif., echoed on the floor of Congress in 2012. "But it will fuel our addiction to fossil fuel."


    Dems change tune after mocking GOP for

    LOL....this post simply shows that you don't have any understanding as to why the price of case has lowered dramatically over the last several months. It has little, if anything to do with increased drilling. Relying on FauxNews for this kind of information is like relying on the National Enquirer to get accurate information about current events.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    As a liberal, I laughed at the "drill baby drill" mantra, because it was a stupid claim regarding energy independence. The corporations that are drilling are not selling only to America and are not giving Americans any free oil. This claim regarding energy independence because we allowed more of America's soil to be made toxic was an idiotic falsehood being passed off as prudence.
    A man without fear is a fool, a man that succumbs to his fear is a coward and a brave man acknowledges fear yet presses on.
    http://soulinblackandwhite.blogspot.com/

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    Quote Originally Posted by Fletch View Post
    This thread is about how foolish liberals look having mocked 'drill, baby drill.'
    Im not a liberal but ill continue mocking that stupid slogan. You cant simply drill your way into low prices, it takes a combonation of factors which have already been explained in post #3. Another reason I'll mock that bumper sticker slogan is because of a either a peak oil scenario or when it becomes so uneconomical to drill deeper and deeper to find that oil.


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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    Quote Originally Posted by disneydude View Post
    LOL....this post simply shows that you don't have any understanding as to why the price of case has lowered dramatically over the last several months. It has little, if anything to do with increased drilling. Relying on FauxNews for this kind of information is like relying on the National Enquirer to get accurate information about current events.
    Perhaps it is you who does not understand.

    "Increased U.S. Output Bolsters Oil Glut Fears Sending Prices Back Down"
    Fundamentally Changed’

    "U.S. crude production increased by 60,000 barrels a day in the week ended Jan. 9, the EIA reported yesterday. Stockpiles expanded by 5.39 million barrels to 387.8 million, more than 9 percent above the five-year average for this time of year, according to the Energy Department’s statistical arm. Inventories at Cushing, Oklahoma, the delivery point for New York-traded futures, climbed for a sixth week.

    Crude may fall below a six-month forecast of $39 a barrel and rallies could be thwarted by the speed at which lost shale production can recover, Jeff Currie, New York-based head of commodities research at Goldman Sachs Group Inc., said in an interview on Bloomberg Television yesterday.

    Shale has fundamentally changed this market,” he said. “The lead time between when you put money in the ground and when you get production has collapsed from three to four years, all the way down to 30 days.”

    Increased U.S. Output Bolsters Oil Glut Fears Sending Prices Back Down - Bloomberg

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    Quote Originally Posted by TheDemSocialist View Post
    Im not a liberal but ill continue mocking that stupid slogan. You cant simply drill your way into low prices, it takes a combonation of factors which have already been explained in post #3. Another reason I'll mock that bumper sticker slogan is because of a either a peak oil scenario or when it becomes so uneconomical to drill deeper and deeper to find that oil.
    See post #28

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    Re: Dems change tune after mocking GOP for ‘drill, baby, drill’

    Quote Originally Posted by ironhorse View Post
    Perhaps it is you who does not understand.

    "Increased U.S. Output Bolsters Oil Glut Fears Sending Prices Back Down"
    Fundamentally Changed’

    "U.S. crude production increased by 60,000 barrels a day in the week ended Jan. 9, the EIA reported yesterday. Stockpiles expanded by 5.39 million barrels to 387.8 million, more than 9 percent above the five-year average for this time of year, according to the Energy Department’s statistical arm. Inventories at Cushing, Oklahoma, the delivery point for New York-traded futures, climbed for a sixth week.

    Crude may fall below a six-month forecast of $39 a barrel and rallies could be thwarted by the speed at which lost shale production can recover, Jeff Currie, New York-based head of commodities research at Goldman Sachs Group Inc., said in an interview on Bloomberg Television yesterday.

    Shale has fundamentally changed this market,” he said. “The lead time between when you put money in the ground and when you get production has collapsed from three to four years, all the way down to 30 days.”

    Increased U.S. Output Bolsters Oil Glut Fears Sending Prices Back Down - Bloomberg
    No one is denying we have increased production.... But you are also missing the bigger picture as which was posted in post #3. The increase production is just a small part of the bigger picture..


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