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

  1. #961
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    I just can't figure out why, when for 6 years the GOP had total power, they didn't do anything to make us less dependent on foreign oil.
    Because you can't without hurting their donators. First of all, there is no such thing as less dependent on "foreign oil." Oil is basically fungible in the context of the refining process. Furthermore, oil outside of nationalized industries is internationally priced. So whatever we drill in Texas is priced at the same rate in Saudi Arabia (for the same type of crude). Therefore, if we drill more in Texas, price changes in the international market will decide its price.

    To actually make us less dependent on foreign oil, we'd have to be less dependent on oil in general. Considering who donates to GOP coffers, that ain't going to happen.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Quote Originally Posted by Catawba View Post
    The Dems have made the largest investment in history for alternatives to our declining fossil fuels.
    They work so well

    Hybrid Car May Have Sparked Garage Blaze - Connecticut News Story - WFSB Hartford

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

    We are the United States! We don't need to pay for oil. We can just go take it and there's nothing anybody can do about it. And then our soldiers can go pillage the mens clothing stores. So they can look all fine coming home to their families.
    Last edited by sazerac; 04-17-11 at 06:46 AM.

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

    Quote Originally Posted by USA_1 View Post
    I just can't figure out why, when for 6 years the GOP had total power, they didn't do anything to make us less dependent on foreign oil.
    Jimmy Carter tried to give us an energy program, Reagan gutted it. No president since has made so much as a token effort. Obama MIGHT be trying, we'll see.
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    Re: Oil rises above $90 amid US crude supply drop

    the president's energy plan which contemplates the puposeful bankrupting of one of our few remaining industries is dead

    Senate Democrats urge White House to shelve cap & trade - National Environmental Headlines | Examiner.com

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


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

    today: BBC News - World Bank president: One shock away from world crisis

    corn is up 74%, first quarter 2010 to q1 '11

    wheat +69%, palm oil 55%, soybean 33, beef 30

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

    Quote Originally Posted by The Prof View Post
    today: BBC News - World Bank president: One shock away from world crisis

    corn is up 74%, first quarter 2010 to q1 '11

    wheat +69%, palm oil 55%, soybean 33, beef 30
    haven't they all been up before, and down? if the market was rock steady, what would the speculators do for a living? considering they have no discernible job skills....work in a factory, maybe?
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  9. #969
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    Re: Oil rises above $90 amid US crude supply drop

    "It's a future in which skilled laborers are helping us lead in burgeoning industries. It's a future in which renewable electricity is fueling plug-in hybrid cars and energy-efficient homes and businesses. It's a future in which we're exporting homegrown energy technology instead of importing foreign oil. And it's a future in which our economy is powered not by what we borrow and spend but what we invent and what we build.


    That's the bright future that lies ahead for America. And it's one of -- it's a future that my administration is striving to achieve each and every day. We've already made the largest investment in clean energy in history as part of the Recovery Act -- an investment that is expected to create more than 700,000 jobs across America -– manufacturing advanced batteries for more fuel-efficient vehicles, upgrading the power grid so that it's smarter and it's stronger, doubling our nation's capacity to generate renewable energy. And after decades in which we have done little to increase the efficiency of cars and trucks, we've raised fuel economy standards to reduce our dependence on foreign oil while helping folks save money at the pump.



    But in order to truly harness our potential in clean energy we're going to have to do more, and that's why we're here. In the near term, as we transition to cleaner energy sources, we're going to have to make some tough decisions about opening up new offshore areas for oil and gas development. We'll need to make continued investments in advanced biofuels and clean coal technologies, even as we build greater capacity in renewables like wind and solar. And we're going to have to build a new generation of safe, clean nuclear power plants in America.



    That's what brings us here. Through the Department of Energy -– under the leadership of Nobel prize-winning physicist,
    Steven Chu –- although, just a quick side note: When he was talking to some of the instructors here, and they were talking about currents and this and that and the other, I indicated to him that he could have saved a lot of money. Instead of getting a Ph.D., he could have come here and learned some of the same stuff. (Laughter and applause.) You know, the instructors here were just keeping up -- they were right there with him.



    But through the Department of Energy and Secretary Chu's leadership, we are announcing roughly $8 billion in loan guarantees to break ground on the first new nuclear plant in our country in three decades -- the first new nuclear power plant in nearly three decades. (Applause.)



    It's a plant that will create thousands of construction jobs in the next few years, and some 800 permanent jobs -- well-paying permanent jobs -- in the years to come. And this is only the beginning. My budget proposes tripling the loan guarantees we provide to help finance safe, clean nuclear facilities -– and we'll continue to provide financing for clean energy projects here in Maryland and across America.



    Now, there will be those that welcome this announcement, those who think it's been long overdue. But there are also going to be those who strongly disagree with this announcement. The same has been true in other areas of our energy debate, from offshore drilling to putting a price on carbon pollution. But what I want to emphasize is this: Even when we have differences, we cannot allow those differences to prevent us from making progress. On an issue that affects our economy, our security, and the future of our planet, we can’t keep on being mired in the same old stale debates between the left and the right, between environmentalists and entrepreneurs.



    See, our competitors are racing to create jobs and command growing energy industries. And nuclear energy is no exception. Japan and France have long invested heavily in this industry. Meanwhile, there are 56 nuclear reactors under construction around the world: 21 in China alone; six in South Korea; five in India. And the commitment of these countries is not just generating the jobs in those plants; it's generating demand for expertise and new technologies.



    So make no mistake: Whether it’s nuclear energy, or solar or wind energy, if we fail to invest in the technologies of tomorrow, then we’re going to be importing those technologies instead of exporting them. We will fall behind. Jobs will be produced overseas, instead of here in the United States of America. And that's not a future that I accept.



    Now, I know it’s been long assumed that those who champion the environment are opposed to nuclear power. But the fact is, even though we’ve not broken ground on a new power plant -- new nuclear plant in 30 years, nuclear energy remains our largest source of fuel that produces no carbon emissions. To meet our growing energy needs and prevent the worst consequences of climate change, we'll need to increase our supply of nuclear power. It's that simple. This one plant, for example, will cut carbon pollution by 16 million tons each year when compared to a similar coal plant. That's like taking 3.5 million cars off the road.



    On the other side, there are those who have long advocated for nuclear power -- including many Republicans -- who have to recognize that we're not going to achieve a big boost in nuclear capacity unless we also create a system of incentives to make clean energy profitable. That's not just my personal conclusion; it's the conclusion of many in the energy industry itself, including CEOs of the nation's largest utility companies. Energy leaders and experts recognize that as long as producing carbon pollution carries no cost, traditional plants that use fossil fuels will be more cost-effective than plants that use nuclear fuel.



    That's why we need comprehensive energy and climate legislation, and why this legislation has drawn support from across the ideological spectrum. I raised this just last week with congressional Republican leaders. I believe there's real common ground here. And my administration will be working to build on areas of agreement so that we can pass a bipartisan energy and climate bill through the Senate.



    Now, none of this is to say that there aren't some serious drawbacks with respect to nuclear energy that have to be addressed. As the CEOs standing behind me will tell you, nuclear power generates waste, and we need to accelerate our efforts to find ways of storing this waste safely and disposing of it. That's why we've asked a bipartisan group of leaders and nuclear experts to examine this challenge. And these plants also have to be held to the highest and strictest safety standards to answer the legitimate concerns of Americans who live near and far from these facilities. That's going to be an imperative.



    But investing in nuclear energy remains a necessary step. What I hope is that with this announcement, we're underscoring both our seriousness in meeting the energy challenge and our willingness to look at this challenge not as a partisan issue but as a matter that's far more important than politics -- because the choices we make will affect not just the next generation but many generations to come.



    The fact is changing the ways we produce and use energy requires us to think anew; it requires us to act anew; and it demands of us a willingness to extend our hand across some of the old divides, to act in good faith, and to move beyond the broken politics of the past. That's what we must do; that's what we will do."
    REMARKS BY THE PRESIDENT ON ENERGY
    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

    Thanks for not putting all that in quotes. Much easier to read.

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