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Oil rises above $90 amid US crude supply drop

Obama uses EPA to stop drilling. Obama wants no drilling

Obama reinstates ban on offshore oil drilling

Did you even read your article? Limiting drilling in one area isn't limiting drilling in all areas. :doh

What about this one Oil-Drilling Boom Under Way in U.S. - WSJ.com

oil-drilling-boom-under-way: Personal Finance News from Yahoo! Finance

I like Ron Paul, it doesn't really mean that he is going to be the next president since it's too early to tell. Ron Paul satisfies my needs as president. Smaller government is the answer to all the problems. Government created this enormous deficit and I am including Bush, Bush was not a TRUE republican, he was a progressive republican, along with his father. Companies get in financial trouble, let them get themselves out of it. It costs a lot of money every time the the government get involved in anything. Government CONSUMES money, government doesn't MAKE money. If I get in financial trouble, I get myself out of it and I don't expect for my neighbor, family, government to help me.
I want a LEADER for president and not a president that lies; says one thing and does another. I am fed up.
Obama was elected because he DIDN'T have a record, he has one NOW and a very bad one, any republican is going to beat him if he still can't turn things around in the next year and 8 months left. I just hope that people elect the right one this time and not anybody just out of hate like the last time.

Every president since Nixon has been a corporatist of some stripe. If Bush was a progressive (of any stripe) he wouldn't have taken away civil liberties.
 
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Me, a progressive? LOL

From the Prof's perspective, anyone that promotes alternatives to expensive gas is a progressive.
 

Laugh all you want Jet. You'll need to receive more spin when that price hits $6 per gallon, and the working class, and poor. They won't be too happy, and drilling will sell well to the masses at that point.

Yeah, Obama has done NOTHING with alternative energy.

Nothing at all.

Not to any extent to be destroying the current energy system. You think he has? Then tell me what will replace gas, diesel, and coal right now?

He never talks about it.

Talk is cheap.

He's never invested in it.

Never said he hasn't, however, investing in something not yet developed doesn't mean that you cut off the current supply.

Nope you're right

Oh, I know, but so far you have misrepresented nearly everything I said. Ah well, I am used to it.

oh and drilling off the coast.

Not enough oil to effect the pricing of a GLOBALLY TRADED AND PRICED COMMODITY!

I am surprised that you didn't throw in the other talking point, "evil speculators!!!" However, if you recall, when Bush was faced with $4 plus at the pump, he announced that he was going to open up offshore drilling, and the price dropped nearly immediately.

oh yeah I forgot, the free market only works when you say it works...

I don't think that at all, but I do like facts. It would be nice if instead of snark, and condescension we could discuss like adults. Is that too much to ask? maybe so given the propensity of liberals today follow Allensky's rule of ridicule your opponent. Problem for you though is that at this point it just makes you look small.

j-mac
 
U.S. gas prices are a joke ... in Norway

"Most Europeans pay at least double what Americans do. Some of them, including the Greeks and the Scandinavians, shell out even more.

In the U.S., the nationwide average for the price of gas was $3.53 per gallon on Thursday, according to AAA. The price has risen for 16 consecutive days, jumping 34 cents.

But that's still less than half the $9.28 per gallon paid in Oslo, according to Din Side, a Norwegian search and news site that monitors gas prices, among other things.

Who's paying what: Most Europeans, including the British, the Irish, the Germans, the Italians and the French, pay somewhere between $7.50 and $8 per gallon, according to the International Energy Administration.

Danes paid $8.20 per gallon at the end of February, according to the IEA. Greeks -- no strangers to economic hard times -- were paying $8.45.

Many people may assume that Europeans pay a lot for gas because they don't have their own source of fossil fuels. In fact, they do.

Norway is awash in oil because of its thriving oil industry in the North Atlantic. The United Kingdom also has access to the oil fields in the same region.

Italy has deep corporate ties with Libya. Its oil production company, Eni, is the largest producer in Libya. But even in the best of times, without civil war in Libya, gas in Italy is expensive when compared to the U.S. Italians on average paid $7.77 a gallon at the end of February, according to the most recent data from the IEA.

"The difference between countries comes down to taxes and subsidies," said Tom Kloza, the chief oil analyst for Oil Price Information Service. "Prices are incredibly high in Europe because of the stiff taxes that EU countries put on fuel. The same holds true for many other countries."

The Japanese also pay more -- $6.30 at the end of February -- and so do the Canadians, at $4.49 per gallon, according to the IEA."
 
Why should I care what other countries pay?

j-mac
 
I like Ron Paul, it doesn't really mean that he is going to be the next president since it's too early to tell. Ron Paul satisfies my needs as president. Smaller government is the answer to all the problems. Government created this enormous deficit and I am including Bush, Bush was not a TRUE republican, he was a progressive republican, along with his father. Companies get in financial trouble, let them get themselves out of it. It costs a lot of money every time the the government get involved in anything. Government CONSUMES money, government doesn't MAKE money. If I get in financial trouble, I get myself out of it and I don't expect for my neighbor, family, government to help me.
I want a LEADER for president and not a president that lies; says one thing and does another. I am fed up.
Obama was elected because he DIDN'T have a record, he has one NOW and a very bad one, any republican is going to beat him if he still can't turn things around in the next year and 8 months left. I just hope that people elect the right one this time and not anybody just out of hate like the last time.

Is there a question in this post? read it twice, don't see it....
Ron Paul sounds good, but will the GOP support him? or sandbag him like they did with Romney?
 
U.S. gas prices are a joke ... in Norway

"Most Europeans pay at least double what Americans do. Some of them, including the Greeks and the Scandinavians, shell out even more.

In the U.S., the nationwide average for the price of gas was $3.53 per gallon on Thursday, according to AAA. The price has risen for 16 consecutive days, jumping 34 cents.

But that's still less than half the $9.28 per gallon paid in Oslo, according to Din Side, a Norwegian search and news site that monitors gas prices, among other things.

Who's paying what: Most Europeans, including the British, the Irish, the Germans, the Italians and the French, pay somewhere between $7.50 and $8 per gallon, according to the International Energy Administration.

Danes paid $8.20 per gallon at the end of February, according to the IEA. Greeks -- no strangers to economic hard times -- were paying $8.45.

Many people may assume that Europeans pay a lot for gas because they don't have their own source of fossil fuels. In fact, they do.

Norway is awash in oil because of its thriving oil industry in the North Atlantic. The United Kingdom also has access to the oil fields in the same region.

Italy has deep corporate ties with Libya. Its oil production company, Eni, is the largest producer in Libya. But even in the best of times, without civil war in Libya, gas in Italy is expensive when compared to the U.S. Italians on average paid $7.77 a gallon at the end of February, according to the most recent data from the IEA.

"The difference between countries comes down to taxes and subsidies," said Tom Kloza, the chief oil analyst for Oil Price Information Service. "Prices are incredibly high in Europe because of the stiff taxes that EU countries put on fuel. The same holds true for many other countries."

The Japanese also pay more -- $6.30 at the end of February -- and so do the Canadians, at $4.49 per gallon, according to the IEA."

American consumers have been paying too little for a lot of things. We need to end all subsidies to the corporate world, let prices stabilize where they will....
 
American consumers have been paying too little for a lot of things. We need to end all subsidies to the corporate world, let prices stabilize where they will....

Could you do me a favor and define "subsidy" for me, then tell me what "subsidies" the oil companies get?

j-mac
 
Why should I care what other countries pay?

j-mac

More importantly, why would you expect to pay less given that we all buy our oil from the world market?
 
More importantly, why would you expect to pay less given that we all buy our oil from the world market?

Why would I expect to pay what some other country pays? Espically since we sit atop the largest reserves of oil in the world.

j-mac
 
This isn't what I asked for. Here, I'll ask it again....Define "subsidy" and tell me what "subsidies" the oil companies are getting.

j-mac


Google....G O O G L E
Wikipedia....W I K I P E D I A

do it yourself....
 
Don't use the term if you have no idea what you are talking about please.

j-mac
gonna tell Boehner that? He seems to know what they are, and who gets them....
 
gonna tell Boehner that? He seems to know what they are, and who gets them....

No, actually, I don't trust the guy. That is why I am asking you what subsidies you are speaking of? Why don't you want to answer? Can you?

j-mac
 
This isn't what I asked for. Here, I'll ask it again....Define "subsidy" and tell me what "subsidies" the oil companies are getting.

j-mac

He has already provided you with 2 sources here: http://www.debatepolitics.com/breaking-news-mainstream-media/88311-oil-rises-above-90-amid-us-crude-supply-drop-134.html#post1059453235

Are you serious that you do not know what subsidies are, or that we are giving them to the oil companies despite their highest profits in history?
 
"vote obama, 2012!"

"us gas prices are a joke!"

"says finland!"

and obama's energy and interior secty's agree!

"american consumers pay too little!"

LOL!

you're making 2012 a cakewalk, comrades

seeya at the polls
 
vote obama, 2012!

end subsidies to oil!

give em instead to wind and tidal!

carpool!
 
White House Forum on Energy Security took place on April 26, 2011.


"Deputy Defense Secretary William Lynn and Deputy Energy Secretary Daniel Poneman discussed the national security implications of America's oil dependency at a White House forum on energy security. The event was hosted by the Energy Department. Featured participants were former CIA Director John Deutch, former Rep. Jane Harman (D-CA), who now heads the Woodrow Wilson International Center for Scholars and John Podesta, President of the Center for American Progress and former Chief of Staff for President Clinton. "

"A DOD News Article Lynn: Defense-Energy Team Leads National Effort by Lisa Daniel gives a short summary.

Deputy Defense Secretary William J. Lynn III said the Defense Department is a world leader in energy consumption, noting that it accounts for 80 percent of U.S. federal energy use and consumes more energy than is used by two-thirds of all the nations on Earth. With annual energy bills reaching into the tens of billions of dollars, conservation could produce significant savings.

He further added that “By taking technologies from labs to the battlefield, the Department of Energy can enroll its scientific ingenuity in the service of our nation’s most important national mission: national security…. By serving as a sophisticated first user and early customer for innovative energy technologies…. the military can jump-start their broader commercial adoption, just as we have done with jet engines, high-performance computing and the Internet”

He underlined that energy dependence has grown in the military, burdening budgets, logistics and individual service members. More than 70 percent of convoys in Afghanistan are used to transport fuel or water and are easy targets for insurgents’ roadside bombs. More than 3,000 U.S. troops and contractors have been killed or wounded protecting them. (Interestingly nobody mentions that more gallons of water is transported than fuel. More specifically 4 gallon water versus 1 gallon of fuel)

He also mentioned the success stories: The Marine Corps last fall deployed to Afghanistan’s Helmand province with flexible solar panels developed at the Soldier Systems Center in Natick, Mass., which allowed the Marines to run two patrol bases completely on solar power and cut diesel fuel consumption at a third base by more than 90 percent. At Twentynine Palms Marine Corps Base, Calif., Marines are demonstrating new microgrid technology, a system of self-generated electricity and intelligent controls that can be operated independently of the commercial power grid that military bases rely on. (BUT he didn’t mentioned the failure stories, such as waste-to power, foam spray)

Deputy Energy Secretary Daniel B. Poneman told that: “Coupled with the scale of the Defense Department’s operations and its potential to act as a test bed for innovative technologies, this partnership is a crucial vehicle to strengthen our national security and to build a clean energy economy for America.”

Note that the DOD and the DOE are working on projects in three areas: advancing mobility and strike capabilities, increasing energy reliability and efficiency on DoD fixed and forward operating bases, and advancing institutional cooperation between the departments, including stationing Energy advisers at the combatant commands.

The U.S. Defense Department must change the way it uses energy on the battlefield as conflicts become longer and more expeditionary. But how can you do that knowing the fact that as conflicts become longer in duration and more expeditionary in nature, the amount of fuel it takes to keep forces in the field increases tremendously. It is easy to say that the US military must change how it manages energy on the battlefield and reduce demand at all levels.

I agree with Lynn that DoD needs to address energy as a military planning challenge, and that current US military energy technology is not optimized for the battlefield of today and tomorrow.

A gentlemen from the audience made a very good remark on savings versus security puzzle the DOD faces. Funding for many DOD projects come from public source. Much of that money goes to the projects that don’t exist now. What is the point of spending taxpayer money for the projects that don’t get implemented. He mentioned that Net zero bases are done with no public funding. They totally rely on private sector. Military is prohibited from building installations for power. DOD is focused on saving not on security. Reliability comes with long term contracts which are prohibited.

The forum disappointingly did not tackle operational energy. Most of the things discussed were on installation energy and how to make use of renewable and alternative energy sources. But focus moved from the US military to the US as a nation.

However, two important facts were pronounced but were not elaborated. That USA is a mass unattended driver country. And that there are more vehicles in the US than the people with driving licenses.

Challenges remain unanswered: DOD consumes more energy than two-thirds of all the nations on the earth. DOD needs to employ (operational) energy as a military challenge."

Sohbet Karbuz
 
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