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

Remember those times, back in like the early 2000's...when people suggested we increase supply, reduce restrictions on new refineries. And we had eyes rolled at us and told "Yeah, that'd be useful in like 10 years. Its not going to do anything for now, so we shouldn't do it".

Gee...I'm sure glad we listened to them then. I mean, what if they were right? It would've taken us till like the early 2010's to see any benefit. And its not like we'd need any benefit towards the price of oil in the early 2010's because of all the wonderful and amazing green energy we have.


.....

wait a minute? You mean we're still, GASP, driving cars that take oil? And we're still talking about high gas prices? And we're still talking about how we could use more supply? And we'res till being told "Pssh, we shouldn't do that, it'd take like 10 years to even have an effect probably!"

:roll:

You know what...fine, it'll take 10 years. Who the **** cares, then in 10 years we'll be better off for it. If we hadn't listened to the idiocy 10 years ago and actually gone through wit hit, perhaps we wouldn't be having as big of an oil issue as we were having today, where once again we have people going "Gosh! It won't help for 10 years. Gosh!"
 
3 Easy Ways to lower gas prices.

1. 1 Formula, across the country.

2. Federally Protected New Refinery Building Permits (I.E. can't be challenged in court by every ****ing green nitwit organization) to increase gasoline refining.

3. End Ethonal. (this has the side effect of increasing food supplies, and lowering prices)
 
Zyphlin said:
Remember those times, back in like the early 2000's...when people suggested we increase supply, reduce restrictions on new refineries. And we had eyes rolled at us and told "Yeah, that'd be useful in like 10 years. Its not going to do anything for now, so we shouldn't do it".

Gee...I'm sure glad we listened to them then. I mean, what if they were right? It would've taken us till like the early 2010's to see any benefit. And its not like we'd need any benefit towards the price of oil in the early 2010's because of all the wonderful and amazing green energy we have.


.....

wait a minute? You mean we're still, GASP, driving cars that take oil? And we're still talking about high gas prices? And we're still talking about how we could use more supply? And we'res till being told "Pssh, we shouldn't do that, it'd take like 10 years to even have an effect probably!"

:roll:

You know what...fine, it'll take 10 years. Who the **** cares, then in 10 years we'll be better off for it. If we hadn't listened to the idiocy 10 years ago and actually gone through wit hit, perhaps we wouldn't be having as big of an oil issue as we were having today, where once again we have people going "Gosh! It won't help for 10 years. Gosh!"
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IMHO, increasing supply will have a minimal short term impact on petro prices. Global incomes continue to increase faster than our productive capabilities i.e. demand is outpacing supply. This makes it particularly difficult for the U.S. to have any sort of long term impact on oil prices because we consume less than half of what we produce or... we consume 22% of global production but only make up 11% of global production.

Sustainable alternatives (in all aspects) will be the key.
 
MrVicchio said:
3 Easy Ways to lower gas prices.

1. 1 Formula, across the country.

2. Federally Protected New Refinery Building Permits (I.E. can't be challenged in court by every ****ing green nitwit organization) to increase gasoline refining.

3. End Ethonal. (this has the side effect of increasing food supplies, and lowering prices)
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How does this address our current production gap?
 
Goldenboy219 said:
How does this address our current production gap?
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Do you know how many different gasoline formulas are forced to be produced?

When was the last time a refinery was built in America?

Ethonal is a waste of time, effort and money.
 
MrVicchio said:
Do you know how many different gasoline formulas are forced to be produced?

When was the last time a refinery was built in America?

Ethonal is a waste of time, effort and money.
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This does not address my question.... not in the least bit. The rising cost of gasoline is a result of an increase in the demand for petroleum. Bottleneck refining (IMHO) has little to do with the price increase because gasoline does not have a shelf life outside of a year, and more to do with dynamic price changes at the pump.
 
With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production
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Yeah, I'll believe that when I see it.


j-mac
 
I'm alittle confused on this issue.

According to this article from the NYTimes, the deep water drilling moritorium in the Gulf of Mexico (GOM) was lifted in October 2010. Furthermore, according to figures from the U.S. Energy Information Administration (EIA), offshore oil production in the U.S. reached its highest levels in 2010 averaging over 1.79 million barrels per day surpassing 2009 levels by .08 million bpd. This despite a drop in the number of oil wells that were drilled between 2009 (35.06 thousand) and 2010 (33.67 thousand). Still, by the numbers oil production increased despite the moratorium. Even the estimated figures released in this PoliticFact.com article support the increase in oil production for 2010.

If the issue is about oil jobs, this article from the Socialist Website indicates not as many oil jobs were affected as is being reported.

The Louisiana Mid-Continent Oil and Gas Association claimed the moratorium would cost some 46,000 jobs. In reality, the moratorium only affected 33 rigs in the Gulf. A recent report from the Commerce Department shows that 2,000 jobs were affected by the drilling ban.
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So, unless I'm missing something, I don't see where the problem lay with the moratorium, oil production nor oil jobs in the GOM.
 
Goldenboy219 said:
This does not address my question.... not in the least bit. The rising cost of gasoline is a result of an increase in the demand for petroleum. Bottleneck refining (IMHO) has little to do with the price increase because gasoline does not have a shelf life outside of a year, and more to do with dynamic price changes at the pump.
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Uh huh. So instead of addressing those issues right now,t hat can make a difference, we should just ignore them because you said so.
 
Middleground said:
Huh? What do you mean by this?
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Read the rest of my post and I explain what that means...there is no incentive because they have no competition.
 
MrVicchio said:
Uh huh. So instead of addressing those issues right now,t hat can make a difference, we should just ignore them because you said so.
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No, we should develop viable alternatives (and that involves public transportation) because it is the responsible thing to do. Your plan is like spitting into an ocean.
 
Goldenboy219 said:
No, we should develop viable alternatives (and that involves public transportation) because it is the responsible thing to do. Your plan is like spitting into an ocean.
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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
 
j-mac said:
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
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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!
 
Goldenboy219 said:
The issue is that we consume twice what can be produced by U.S. oil companies.
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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.
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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.
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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!
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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
 
j-mac said:
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
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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.

US_pettop_img.png


US_petcon_img.png


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....
 
Goldenboy219 said:
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.

US_pettop_img.png


US_petcon_img.png


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....
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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
 
j-mac said:
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
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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
 
winston53660 said:
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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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
 
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
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Here is the real tax on the poor, and middle class. Sounds like a real jobs booster doesn't it?

j-mac
 
j-mac said:
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
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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.
 
Goldenboy219 said:
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.
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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
 
BDBoop said:
Well, that's what I was wondering. What does that mean for the corporations that are currently keeping gas prices high?
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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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