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Thread: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

  1. #41
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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by j-mac View Post
    While I certainly can agree that we need to devolop viable alternatives to fosssil fuels, we also need to take into account that at the present time choking off the energy we have, use, rely on without these alternatives in place and ready for mass consumption, is not just foolish, it is a recipe for disaster.

    j-mac
    The issue is that we consume twice what can be produced by U.S. oil companies. It can take up to 5 years for a deep sea rig to actually deliver its first barrel of oil. In the same time, auto companies can produce millions of energy efficient vehicles. There really is no way around it; you cannot drill your way out it!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by Goldenboy219 View Post
    The issue is that we consume twice what can be produced by U.S. oil companies.
    This is debatable. Your opening premise to me at this time relies on only your opinion in this matter, and that of which you base YOUR opinion on is objective truth. That is arrogant, and often leads to one being wrong. In this case, you.

    t can take up to 5 years for a deep sea rig to actually deliver its first barrel of oil.
    Yep, we heard that 10 years ago when ANWAR was being considered for increased drilling. That would have meant that at this time we'd be enjoying that increased flow. Your "it takes too long" argument has been debunked over, and over.

    In the same time, auto companies can produce millions of energy efficient vehicles.
    Let them go ahead. I am in no way saying that we shouldn't continue to do this. But, we can drill at the same time.

    There really is no way around it; you cannot drill your way out it!
    Yeah, and you are not the be all and end all in the conversation. Especially since it is a proven fact that the mere mention of the US intent to increase drilling would have oil pricing fall in futures speculation, and lead to lower pricing at the pump.

    You know libs are really despicable. The whole time they rail against the big bad corp. and the evil rich, they stick it too the middle and the poor they claim to champion through their disastrous policies. All the while not giving a **** about what happens to them as long as they can regurgitate the talking point sound byte. Sickening really.


    j-mac
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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by j-mac View Post
    This is debatable. Your opening premise to me at this time relies on only your opinion in this matter, and that of which you base YOUR opinion on is objective truth. That is arrogant, and often leads to one being wrong. In this case, you.



    Yep, we heard that 10 years ago when ANWAR was being considered for increased drilling. That would have meant that at this time we'd be enjoying that increased flow. Your "it takes too long" argument has been debunked over, and over.



    Let them go ahead. I am in no way saying that we shouldn't continue to do this. But, we can drill at the same time.



    Yeah, and you are not the be all and end all in the conversation. Especially since it is a proven fact that the mere mention of the US intent to increase drilling would have oil pricing fall in futures speculation, and lead to lower pricing at the pump.

    You know libs are really despicable. The whole time they rail against the big bad corp. and the evil rich, they stick it too the middle and the poor they claim to champion through their disastrous policies. All the while not giving a **** about what happens to them as long as they can regurgitate the talking point sound byte. Sickening really.


    j-mac
    Im really not sure what is being debated. According to the U.S. energy information agency, we produced nearly half of what we consume on a daily basis.





    World oil consumption since 2000 has increased by 11.77% where as U.S. oil consumption has actually decreased (due in part to the increased cost) by 1.52%.

    source

    I'm not sure where this "opinion" nonsense is coming from....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by Goldenboy219 View Post
    Im really not sure what is being debated. According to the U.S. energy information agency, we produced nearly half of what we consume on a daily basis.





    World oil consumption since 2000 has increased by 11.77% where as U.S. oil consumption has actually decreased (due in part to the increased cost) by 1.52%.

    source

    I'm not sure where this "opinion" nonsense is coming from....

    I don't dispute your numbers, but I do dispute your feeling that we can not produce more, while we transition to whatever source we end up moving toward.

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

    Alexis de Tocqueville

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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by j-mac View Post
    I don't dispute your numbers, but I do dispute your feeling that we can not produce more, while we transition to whatever source we end up moving toward.

    j-mac

    We are porducing more oil than ever and it is sitting in Cushing Oklahoma. And there are a couple of reasons:

    The U.S. crude oil pipeline system does not flow from Cushing to Louisiana. Until now there has been no reason for crude to flow in that direction. So speculators are loading crude oil on rail cars and shipping it to Louisiana to capture that extra $14/barrel. Some are even storing it to sell at a higher price later (more on this below). You can also bet engineers are working overtime to reverse the flow of existing pipelines to take advantage of these extraordinary price differences.
    The Absurd Report Why Crude Oil Prices Are Now Above $100/Barrel By Jim Bianco

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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by winston53660 View Post
    We are porducing more oil than ever and it is sitting in Cushing Oklahoma. And there are a couple of reasons:

    The U.S. crude oil pipeline system does not flow from Cushing to Louisiana. Until now there has been no reason for crude to flow in that direction. So speculators are loading crude oil on rail cars and shipping it to Louisiana to capture that extra $14/barrel. Some are even storing it to sell at a higher price later (more on this below). You can also bet engineers are working overtime to reverse the flow of existing pipelines to take advantage of these extraordinary price differences.
    The Absurd Report Why Crude Oil Prices Are Now Above $100/Barrel By Jim Bianco
    If this is the case, doesn't this whole price thing being based on so called "peak oil" seem just a little manipulative. We need to ramp up. If that means building more infrastructure, along with producing more oil, and going after alternative energy, then so be it. That to me spells jobs, sorely needed today.

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

    Alexis de Tocqueville

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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    By JONATHAN FAHEY, AP Energy Writer Jonathan Fahey, Ap Energy Writer – Fri May 27, 6:01 pm ET

    NEW YORK – There's less money this summer for hotel rooms, surfboards and bathing suits. It's all going into the gas tank.

    High prices at the pump are putting a squeeze on the family budget as the traditional summer driving season begins. For every $10 the typical household earns before taxes, almost a full dollar now goes toward gas, a 40 percent bigger bite than normal.

    Households spent an average of $369 on gas last month. In April 2009, they spent just $201. Families now spend more filling up than they spend on cars, clothes or recreation. Last year, they spent less on gasoline than each of those things.

    Jeffrey Wayman of Cape Charles, Va., spent Friday riding his motorcycle to North Carolina's Outer Banks, a day trip with his wife. They decided to eat snacks in a gas station parking lot rather than buy lunch because rising fuel prices have eaten so much into their budget over the past year that they can't ride as frequently as they would like.

    "We used to do it a lot more, but not as much now," he said. "You have to cut back when you have a $480 gas bill a month."

    Gas tanks are draining family budgets - Yahoo! News
    Here is the real tax on the poor, and middle class. Sounds like a real jobs booster doesn't it?

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

    Alexis de Tocqueville

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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by j-mac View Post
    I don't dispute your numbers, but I do dispute your feeling that we can not produce more, while we transition to whatever source we end up moving toward.

    j-mac
    And there is the issue; you are prescribing a supply side solution to a demand side problem. Typical among the partisan right, but also quite invalid.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by Goldenboy219 View Post
    And there is the issue; you are prescribing a supply side solution to a demand side problem. Typical among the partisan right, but also quite invalid.
    See, that is exactly where the rub is. We DO have the supply to ease the prices at the pump, but liberals like yourself feel that it is up to you to "force" change through artifical means. In the mean time you could care less who it really hurts.

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

    Alexis de Tocqueville

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    Re: With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production

    Quote Originally Posted by BDBoop View Post
    Well, that's what I was wondering. What does that mean for the corporations that are currently keeping gas prices high?
    It's really not an issue here in Grand Junction. CO. Prices have been holding at $3.62 for 2 months... Nowhere near the predicted $5.00...

    What's really a mystery is that all five separate corporations charge the exact same amount... Collusion anybody?

    ricksfolly

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