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

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

    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

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

    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.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    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."

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

    Quote Originally Posted by bg85 View Post
    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
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by ttwtt78640 View Post
    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.
    "Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.

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

    Quote Originally Posted by OrphanSlug View Post
    They already have, they view low gas prices as a reason to up the tax on gas.
    Most of them view anything as a reason increase taxes and government control.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by ttwtt78640 View Post
    well that's all well and good. the main point to recognize though is that increased production in the U.S. is only one of a large number of factors contributing to the massive drop in prices.

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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
    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.

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

    Quote Originally Posted by Sooda View Post
    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.

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

    Quote Originally Posted by bg85 View Post
    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.

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