Page 6 of 17 FirstFirst ... 4567816 ... LastLast
Results 51 to 60 of 168

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

  1. #51
    Banned
    Join Date
    Jan 2015
    Last Seen
    02-21-15 @ 04:43 PM
    Lean
    Undisclosed
    Posts
    364

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

    Quote Originally Posted by SouthernDemocrat View Post
    We actually saved more oil due to increased vehicle efficiency since 2008 than we have brought online via tight oil. Moreover, while tight oil has boosted worldwide supply, its only profitable at higher oil prices. The reduced oil prices today are more the result of reduced demand coupled with OPEC not cutting production in an attempt to increase market share.

    Point being there is a little more to the supply / demand equation in regards to the current oil markets than the poster in the OP seems to realize.
    What you are not getting is if OPEC still ran the show they would cut supply as energy efficient cars cut demand and would keep oil artificially high, they can no longer do that with the increased supply America has put in the world market. Your right about one thing though, Saudi has declared war on US oil and is trying to put them out of business.

  2. #52
    Banned
    Join Date
    Jan 2015
    Last Seen
    02-21-15 @ 04:43 PM
    Lean
    Undisclosed
    Posts
    364

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

    Quote Originally Posted by Sooda View Post
    Well Keystone won't create many permanent jobs and we may not need it with there being such a glut on the market... Also China owns a good bit of Canada's production new.
    No construction jobs are permanent but surly you remember when Obama was touting them with his "shovel ready jobs" bumper sticker slogan. Now he sings a different tune.

  3. #53
    Banned
    Join Date
    Jan 2015
    Last Seen
    01-18-15 @ 02:12 PM
    Gender
    Lean
    Independent
    Posts
    108

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

    Quote Originally Posted by ironhorse View Post
    What you are not getting is if OPEC still ran the show they would cut supply as energy efficient cars cut demand and would keep oil artificially high, they can no longer do that with the increased supply America has put in the world market. Your right about one thing though, Saudi has declared war on US oil and is trying to put them out of business.
    That's not the case at all.. Saudi has not declared war on the US...

    Meanwhile Iraq is doubling the production being shipped out of Kirkuk.. I posted a couple of excellent links a while back.

  4. #54
    Banned
    Join Date
    Jan 2015
    Last Seen
    02-21-15 @ 04:43 PM
    Lean
    Undisclosed
    Posts
    364

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

    Quote Originally Posted by Sooda View Post
    That's not the case at all.. Saudi has not declared war on the US...

    Meanwhile Iraq is doubling the production being shipped out of Kirkuk.. I posted a couple of excellent links a while back.
    Not on the US but on oil produced in the US. They want to shut it down.

  5. #55
    Banned
    Join Date
    Jan 2015
    Last Seen
    01-18-15 @ 02:12 PM
    Gender
    Lean
    Independent
    Posts
    108

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

    Quote Originally Posted by ironhorse View Post
    No construction jobs are permanent but surly you remember when Obama was touting them with his "shovel ready jobs" bumper sticker slogan. Now he sings a different tune.
    He wasn't talking about Keystone back then .. It didn't take but a couple thousands people to build TAPLINE.

  6. #56
    Banned
    Join Date
    Jan 2015
    Last Seen
    01-18-15 @ 02:12 PM
    Gender
    Lean
    Independent
    Posts
    108

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

    Quote Originally Posted by ironhorse View Post
    Not on the US but on oil produced in the US. They want to shut it down.
    Nah.. That's the last thing the Saudis want.. I don't know if it will go much lower.. Could happen, but hopefully in about 6 months it will return to $70 ppb.

    Oil prices retreat again as Iraqi schedules record exports | Markets | BDlive

  7. #57
    Sidewalk Inspector
    Utility Man's Avatar
    Join Date
    Feb 2011
    Location
    US
    Last Seen
    Yesterday @ 01:51 PM
    Gender
    Lean
    Undisclosed
    Posts
    3,098

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








    U.S. Total Gasoline Retail Sales by Refiners (Thousand Gallons per Day)

    1990's 60,347.9 61,180.5 59,127.6 57,218.8 55,033.2 55,922.5 57,536.0 61,123.4 63,330.3 61,956.0

    2000's 60,896.9 62,013.4 63,638.4 63,830.5 58,388.6 58,977.4 59,977.8 57,653.5 55,108.1 49,797.6

    2010's 44,697.0 39,002.1 29,725.8 24,722.5

    http://www.eia.gov/dnav/pet/hist/Lea...a103600001&f=a
    Quote Originally Posted by Lutherf View Post
    There were, by most estimates, 500 Nazis in Charlottesville. One of them went homicidal. Not all Nazis are violent extremists. You are trying to rationalize your hatred and it's simply not rational.
    Quote Originally Posted by TurtleDude View Post
    as I noted, its better that 10 nutjobs get guns than one good person be wrongly disarmed.

  8. #58
    Banned
    Join Date
    Jan 2015
    Last Seen
    01-18-15 @ 02:12 PM
    Gender
    Lean
    Independent
    Posts
    108

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

    "We are lowering our Brent price forecast: to $50.25/barrel from $72.25/barrel in 2015; to $67.50/barrel from $83/barrel in 2016; and to $77.25/barrel from $90/barrel in 2017," US investment bank Jefferies International said on Thursday.

    Adding to the downward pressure on prices, Russian output has reached levels not seen since seen the end of the Soviet Union.

    ANZ bank said that it saw a 60% chance Brent would range between $40 and $60 a barrel in the first half of the year, a 30% possibility of prices falling to $35-$45 during that time and only a 10% chance of prices going up to $60-$80 a barrel.

    continued

    Oil prices retreat again as Iraqi schedules record exports | Markets | BDlive

  9. #59
    Professor
    iacardsfan's Avatar
    Join Date
    Dec 2011
    Last Seen
    11-24-17 @ 09:51 PM
    Lean
    Libertarian
    Posts
    1,981

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

    Quote Originally Posted by ironhorse View Post
    Oil comps subsidies are a different subject and a myth. This thread is about supply and demand but I will humor you.

    "If you were to survey people and ask the question “Should we subsidize oil companies?” — the overwhelming majority would undoubtedly respond “ No!” The idea that we are subsidizing oil companies generates outrage in many people, but in this article I will show why these subsidies aren’t going to go away any time soon. The reason may surprise you.

    So let’s ask the question in a different way: “Should we allow oil companies to take a tax deduction also available to any U.S. manufacturer such as Apple or Microsoft?” A lot of people will still answer “ No” to that question, but certainly fewer than answered “No” to the original question.

    Now ask the question “Should farmers be allowed a fuel tax exemption for the fuel they use on the farm?” In this case, some people are going to say “ No”, but farmers are going to be near unanimous in saying “Yes!” Let’s ask one final question: “Should we fund programs like the Low Income Home Energy Assistance Program (HEAP) that help low-income families with their heating bills?” The irony in this question is that some of the people who are the most vehemently opposed to fossil fuel subsidies will argue that this is an important program that helps keep poor people from freezing to death in winter, and thus it would be inhumane to eliminate it.

    Yet unless you answered “ No” to all four questions you support programs that have been specifically identified as fossil fuel subsidies."

    The Surprising Reason That Oil Subsidies Persist: Even Liberals Love Them - Forbes
    I did answer no to all the above questions. That is not the role of government. And with the US government subsidizing US oil companies they can continue to flood the market and effect supply and demand. If the subsidies stopped, the supply would drop because companies would not be able to produce as much and still turn a profit because of how low oil is going for right now. So, yes, subsidies do alter the supply and demand you speak of.
    "Conservatism is the blind and fear-filled worship of dead radicals."
    - Mark Twain
    Run your own nation, play Cybernations.

  10. #60
    Banned
    Join Date
    Nov 2013
    Location
    Between Athens and Jerusalem
    Last Seen
    05-18-16 @ 07:06 PM
    Gender
    Lean
    Conservative
    Posts
    33,522

    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
    I find many dems dont understand basic economics-its almost like a superstition to them.

Page 6 of 17 FirstFirst ... 4567816 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •