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

ironhorse

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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
 
They will simply change tactics. They will concentrate, even more, on AGW scare tactics, tighter EPA regulations and fossil fuel (carbon?) taxation. Facts can never be allowed to derail an ideology. ;)
 
if you're honestly interested in learning about why oil prices have dropped so much, start here: The Economist explains: Why the oil price is falling | The Economist

reading about the complexities of the oil market isn't as fun as repeating everything fox news says, but at least you might learn something.

"Four things are now affecting the picture. Demand is low because of weak economic activity, increased efficiency, and a growing switch away from oil to other fuels. Second, turmoil in Iraq and Libya—two big oil producers with nearly 4m barrels a day combined—has not affected their output. The market is more sanguine about geopolitical risk. Thirdly, America has become the world’s largest oil producer. Though it does not export crude oil, it now imports much less, creating a lot of spare supply. Finally, the Saudis and their Gulf allies have decided not to sacrifice their own market share to restore the price. They could curb production sharply, but the main benefits would go to countries they detest such as Iran and Russia. Saudi Arabia can tolerate lower oil prices quite easily. It has $900 billion in reserves. Its own oil costs very little (around $5-6 per barrel) to get out of the ground."
 
if you're honestly interested in learning about why oil prices have dropped so much, start here: The Economist explains: Why the oil price is falling | The Economist

reading about the complexities of the oil market isn't as fun as repeating everything fox news says, but at least you might learn something.

"Four things are now affecting the picture. Demand is low because of weak economic activity, increased efficiency, and a growing switch away from oil to other fuels. Second, turmoil in Iraq and Libya—two big oil producers with nearly 4m barrels a day combined—has not affected their output. The market is more sanguine about geopolitical risk. Thirdly, America has become the world’s largest oil producer. Though it does not export crude oil, it now imports much less, creating a lot of spare supply. Finally, the Saudis and their Gulf allies have decided not to sacrifice their own market share to restore the price. They could curb production sharply, but the main benefits would go to countries they detest such as Iran and Russia. Saudi Arabia can tolerate lower oil prices quite easily. It has $900 billion in reserves. Its own oil costs very little (around $5-6 per barrel) to get out of the ground."

The US does export crude oil and other derived products.

U.S. Exports of Crude Oil (Thousand Barrels per Day)

U.S. Exports of Crude Oil and Petroleum Products
 
They will simply change tactics. They will concentrate, even more, on AGW scare tactics, tighter EPA regulations and fossil fuel (carbon?) taxation. Facts can never be allowed to derail an ideology. ;)

They already have, they view low gas prices as a reason to up the tax on gas.
 
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

The reason we have so much oil on the market is because the ppb was so high for so long... When the price per barrel is high companies will invest in exploration, new rigs and drilling. If the price stays low the US and Canada will cut production.. They can't operate at a loss.
 
The reason we have so much oil on the market is because the ppb was so high for so long... When the price per barrel is high companies will invest in exploration, new rigs and drilling. If the price stays low the US and Canada will cut production.. They can't operate at a loss.
That's sort of the point. When prices were high, liberals mocked the idea of doing what you just said.
 
if you're honestly interested in learning about why oil prices have dropped so much, start here: The Economist explains: Why the oil price is falling | The Economist

reading about the complexities of the oil market isn't as fun as repeating everything fox news says, but at least you might learn something.

"Four things are now affecting the picture. Demand is low because of weak economic activity, increased efficiency, and a growing switch away from oil to other fuels. Second, turmoil in Iraq and Libya—two big oil producers with nearly 4m barrels a day combined—has not affected their output. The market is more sanguine about geopolitical risk. Thirdly, America has become the world’s largest oil producer. Though it does not export crude oil, it now imports much less, creating a lot of spare supply. Finally, the Saudis and their Gulf allies have decided not to sacrifice their own market share to restore the price. They could curb production sharply, but the main benefits would go to countries they detest such as Iran and Russia. Saudi Arabia can tolerate lower oil prices quite easily. It has $900 billion in reserves. Its own oil costs very little (around $5-6 per barrel) to get out of the ground."

It is supply and demand and we vastly increased supply as demand has very slightly decreased. Without our oil OPEC would just cut production to keep prices up but now that we produce so much they can no longer do that, in fact they are engaging in a price war trying to drive our more expensive oil out of business because it scares the crap out of them.
 
And when gas prices go back up the taxes will still be there.

Government never met a tax it did not like, making it all the more reasonable to conclude that they never really go away.
 
The reason we have so much oil on the market is because the ppb was so high for so long... When the price per barrel is high companies will invest in exploration, new rigs and drilling. If the price stays low the US and Canada will cut production.. They can't operate at a loss.

That is what OPEC hopes and prays to Allah for but they may be in for a surprise. Even if shale oil shuts down for a while the infrastructure is there and they can start up again as oil prices rise. OPEC is out of the drivers seat, Drill baby drill.
 
That's sort of the point. When prices were high, liberals mocked the idea of doing what you just said.

Well, drilling for oil is not a political decision at all... its a business decision.
 
Well, drilling for oil is not a political decision at all... its a business decision.
Yes. But what is being discussed here was the foolishness of those politicians who denounced the idea of increasing US oil production. They were wrong then, have been proven wrong now, and it is silly to defend their position.
 
That is what OPEC hopes and prays to Allah for but they may be in for a surprise. Even if shale oil shuts down for a while the infrastructure is there and they can start up again as oil prices rise. OPEC is out of the drivers seat, Drill baby drill.

OPEC will be fine.. and their target is not the US shale producers, its Russia and Iran and ISIS.
 
Yes. But what is being discussed here was the foolishness of those politicians who denounced the idea of increasing US oil production. They were wrong then, have been proven wrong now, and it is silly to defend their position.

Most politicians are pretty foolish and generally shoot off their mouths in ignorance.. For the Dems to mock "drill baby drill" is just about as stupid as blaming Obama for high prices at the pump.
 
They already have, they view low gas prices as a reason to up the tax on gas.

By a dollar a gallon to start with, the ***holes! Just so they have more of my money to give away to those that don't, or won't, work like I have to everyday! Insanity.
 
Most politicians are pretty foolish and generally shoot off their mouths in ignorance.. For the Dems to mock "drill baby drill" is just about as stupid as blaming Obama for high prices at the pump.
This thread is about how foolish liberals look having mocked 'drill, baby drill.'
 
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.
 
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
 
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.
 
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.
 
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