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Thread: Oil rises above $90 amid US crude supply drop

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    Re: Oil rises above $90 amid US crude supply drop

    USA, You think this is all profit motivated, when shown that regulations, and moratorium also play a huge role you ignore that part of the equation, why?

    Also, I think you have a point when you say that oil companies are not altruistic when it comes to America's petroleum needs, however, they are also pragmatic in business as well. You can either become number 1 by profit, or by profit through volume.

    If you are taking into account the only reason for increasing America's oil efforts domestically as being a profit motive alone, I think you are intentionally missing half the story.


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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    The regulations stop it/ When Bush wanted more drilling the democrats stopped it
    How did the Democrats stop it when the white house and congress were both controlled by the GOP?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    How did the Democrats stop it when the white house and congress were both controlled by the GOP?
    The same way the Dems can't run roughshod over Republicans any more like they did last year. Takes a supermajority to get anything done in the Senate.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Gill View Post
    The same way the Dems can't run roughshod over Republicans any more like they did last year. Takes a supermajority to get anything done in the Senate.

    I think you just made that up. Let's see the vote on a GOP "drill baby drill" bill that the Democrats defeated in the Republican controlled congress. Link please?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post
    USA, You think this is all profit motivated, when shown that regulations, and moratorium also play a huge role you ignore that part of the equation, why?

    Also, I think you have a point when you say that oil companies are not altruistic when it comes to America's petroleum needs, however, they are also pragmatic in business as well. You can either become number 1 by profit, or by profit through volume.

    If you are taking into account the only reason for increasing America's oil efforts domestically as being a profit motive alone, I think you are intentionally missing half the story.


    j-mac
    Corporations are motivated by profit. That is why they exist. Do you honestly believe the goal of the oil industry is to provide us with cheap, abundant energy? You extremists really do live in a fantasy world.
    The fact is oil companies make more money when supplies are tight and prices are high.

    http://wyden.senate.gov/issues/gas_p...oil_report.pdf
    Last edited by USA_1; 03-30-11 at 01:11 PM.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    Corporations are motivated by profit. That is why they exist. Do you honestly believe the goal of the oil industry is to provide us with cheap, abundant energy? You extremists really do live in a fantasy world.
    The fact is oil companies make more money when supplies are tight and prices are high.
    Yep, the oil companies have been making record profits and getting corporate subsidies and having the US fight their wars. Why on earth would they want to change this super profitable arrangement?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    Yep, the oil companies have been making record profits and getting corporate subsidies and having the US fight their wars. Why on earth would they want to change this super profitable arrangement?
    Oil companies use the ignorance of right wingers to shift the focus to environmentalists and democrats to take the heat off while making record profits.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    Corporations are motivated by profit. That is why they exist. Do you honestly believe the goal of the oil industry is to provide us with cheap, abundant energy? You extremists really do live in a fantasy world.
    The fact is oil companies make more money when supplies are tight and prices are high.

    http://wyden.senate.gov/issues/gas_p...oil_report.pdf
    Ok, stop it with the "extremists" crap, I am trying to have a conversation with you. I don't discount why Corporations are in business, and you are correct with that part of the equation. But, if you think that they wouldn't love to actually explore more, and drill more domestically, and that this wouldn't have an effect on world oil prices including what we pay for oil, you are plain out kidding yourself.

    This same argument has been used for the past several decades to prevent us from using more of our American oil, leading to our current dependence on foreign oil and the supply crunch we are currently experiencing. Does this mean critics of greater American energy exploration were wrong 10 years ago, 20 years ago, and 30 years ago but are suddenly right today now?
    Drilling more now will increase supplies in the future. And higher supplies lead to lower prices. Currently, the world is operating at or near full capacity, so there is very little slack in the system, and any disruption causes a price spike. This is partly why commodities and other investors have invested so heavily in oil, which also drives up prices. They recognize demand will continue to increase and that current supply has artificial limits, especially in the United States.
    Opening up new oil fields in the U.S., even if new supplies won’t actually reach our gas tank for several years, would immediately impact the amount of upward speculation on long-term commodity investment in oil. Oil speculators will see a greater supply ahead and will see that the future of oil is less constrained on the supply side. Moreover, fears of Middle Eastern turmoil or South American unrest that could disrupt supply shipments will be much less of a reason to drive up the price of crude if a stable U.S. can supply millions of barrels of additional oil. Which represents a more stable source of oil, Colorado or Caracas?
    Finally, nobody is suggesting that our nation’s energy strategy should be solely dependent on domestic production of oil. We all recognize that alternative energy sources – such as wind and solar - need to be developed. But more American oil must be a part of an American energy solution.

    Answering the Critics: Myths About Oil Drilling - Solutions Academy
    j-mac
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    Oil companies use the ignorance of right wingers to shift the focus to environmentalists and democrats to take the heat off while making record profits.
    Is profit a bad thing?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post
    Ok, stop it with the "extremists" crap, I am trying to have a conversation with you. I don't discount why Corporations are in business, and you are correct with that part of the equation. But, if you think that they wouldn't love to actually explore more, and drill more domestically, and that this wouldn't have an effect on world oil prices including what we pay for oil, you are plain out kidding yourself.



    j-mac
    Are you still trying to argue that oil companies want lower prices? And lower profit margins?
    The greatest enemy to oil companies is surplus.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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