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Thread: Bachmann: I'll get gas under $2

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Nevergolfpar View Post
    No of course I am not an idiot. Idiots are those who believe that oil drilling destroys, en mass, fresh water and food supplies.

    its kind of like this Nevergolfpar.....some people can sit down and eat a meal and get buy with just a napkin, and maybe not even need it....... others have to wear a bib because they get food all over themselves consistantly and therefore they believe that the rest of the world is just as messy as they are because doing things in a clean and safe manner is just impossible

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by rocket88 View Post
    Let the crazy promises begin!!

    Bachmann: I'll get gas under $2 - Dan Berman and Molly Ball - POLITICO.com



    How do you think that'll happen. Isn't oil freely traded? I guess you could nationalize the oil industry and regulate gas prices. That would be nothing like socialism...
    She's never going to defeat Perry with dishonest, empty statements like that. She should have instead told GOP voters that the high price of fuel was God's punishment for electing Obama.

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Nevergolfpar View Post
    This has to be one of the most absurd things I have read to date on this forum. "$1.79 was the result of the near collapse of the banking industry"? Then you follow it up with this gem; "Drilling is likely to cause OPEC to drop their production proportionately."

    Listen, if you want $2.00 per gallon gas within a year (probably much less than $2.00), here is what ANY politician could propose:
    1) Allow all of America's oil to be drilled and or minded.
    The majority of oil that is still recoverable in the United States is not economically recoverable when oil prices are such that gas at the pump is less than 2 dollars a gallon. Take the Bakken Shale formation in North Dakota and western Montana. By some USGS estimates, there is around 270 billion barrels of oil in that formation. However, only around 2.1 billion barrels of that oil is technically recoverable with current technology, and because it is so expensive to recover shale oil, its only economically recoverable when oil prices are very high. There is oil boom in North Dakota because oil prices are near 100 dollar a barrel. If oil prices were to significantly drop, that oil would no longer be economically recoverable, and thus the North Dakota oil boom would end.

    2) Eliminate any governmental/legal regulation associated with drilling, refining and transporting of the oil/gas
    Thats a good idea . In the hopes that it would lead to lower prices at the pump, we could eliminate all environmental regulations on the domestic oil industry. That way they would not have to concern themselves with petty concerns "water pollution", "fowling of lands", "wildlife protection". The end result would be our oil fields would look like the oil fields in nations that don't have those "governmental / legal regulations":

    Depleted%20Azeri%20oilfield[1].jpg

    3) Eliminate any and all environmental regulations associated with any aspect of the supply chain.
    Another great idea , that way we can have the same air and water quality that nations that lack those environmental regulations get to enjoy. Our cities get to look like this on the promise that gas will get cheaper:

    china-smog74003740_0.jpg

    4) Heavily subsidize through tax breaks and credits any corporate entity willing to make this investment.
    Another great idea. Not only should energy companies get to fowl our land, air, and water for the promise of cheaper gas, they should get even more taxpayer subsidized corporate welfare despite being the some of the most profitable companies in the history of civilization to begin with.

    There you have it, a simple 4 step plan to $2.00 oil. In other words, flood the market with supply (or the potential for supply) market prices drop...simple economics.
    No, what you presented is a 4 step plan for the fowling of our air, land, and water, and the destruction of our quality of life that is made possible because of environmental regulation and oversight. The difference between our air, land, and water, and the environment in places like China are those regulations and oversight. Many of the same multinational energy companies that relatively cleanly produce oil in the United States, have also desecrated the environments of third world nations they have worked in. Our environmental protections and oversight are what prevents them from doing the same here.

    Some of you guys on the anti-environment right are fools. Corporations don't pollute out of the goodness of their hearts, they mitigate pollution associated with oil extraction and production because they are legally compelled to do so in the United States. Visit a country that does not have those environmental regulations. Go to China, breath their air. Walk outside on a clear day and look up and notice how you can't even see the sun because of all the smog in the air. Notice how your eyes burn just walking down the sidewalk. Drink their water, oh, but you can't its undrinkable. Even citizens of China have to drink bottled water. You don't even hear birds in their parks there. Practically the entire country is an environmental nightmare. That is what you get when you do away with all those pesky environmental regulations.

    This is what American oil companies, the same companies that drill here, have done in Nigeria when they were free from all those burdensome regulations:

    niger-delta.jpg
    Last edited by SouthernDemocrat; 08-26-11 at 04:08 PM.
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Nevergolfpar View Post
    No of course I am not an idiot. Idiots are those who believe that oil drilling destroys, en mass, fresh water and food supplies.
    Quote Originally Posted by solletica View Post
    She's never going to defeat Perry with dishonest, empty statements like that. She should have instead told GOP voters that the high price of fuel was God's punishment for electing Obama.

    *cough*



    or what about that oil Exxon pipeline that broke due to flooding that the didn't turn off because it would cut into their profits earlier this year?

    Unlike you, I don't trust corporation to do the moral thing when all that matters to it is profit.
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    Re: Bachmann: I'll get gas under $2

    Just as Perry killed off Bachmann, the question now is will Palin jumping in in September kill off Perry?
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by fishinRod View Post
    its kind of like this Nevergolfpar.....some people can sit down and eat a meal and get buy with just a napkin, and maybe not even need it....... others have to wear a bib because they get food all over themselves consistantly and therefore they believe that the rest of the world is just as messy as they are because doing things in a clean and safe manner is just impossible
    or some people realize that being "clean" costs extra money, reducing profit for the investors. As such some will not be as "clean" as a means to increase returns.


    Some people are not concerned about the negative effects their actions will directly have on others, especially if it would cost them money
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by haymarket View Post
    Just as Perry killed off Bachmann, the question now is will Palin jumping in in September kill off Perry?
    Don't tease me...

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by rocket88 View Post
    You're missing one little line from there.




    So let's say they tap that. According to your model, the prices sink dramatically. Thus, making the second condition at play here go away -- you wouldn't have persistently high prices anymore.

    The prices are pretty high right now, right? So given that, and assuming they have the technology to extract it cheaply, the one thing stopping them is......Obama???
    If you read the article with an open mind you would see that oil comps expect to make oil at $30.00 a barrel. As I said in an earlier post oil used to drop below that but probably won’t again, I am ok with oil between $30.00 a barrel and $70.00 a barrel. That gives oil comps their “persistently high price” and gives us affordable oil. What you need to admit to yourself is you don’t want affordable oil, that is why you try to say we can never have it.

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by sawyerloggingon View Post
    If you read the article with an open mind you would see that oil comps expect to make oil at $30.00 a barrel. As I said in an earlier post oil used to drop below that but probably won’t again, I am ok with oil between $30.00 a barrel and $70.00 a barrel. That gives oil comps their “persistently high price” and gives us affordable oil. What you need to admit to yourself is you don’t want affordable oil, that is why you try to say we can never have it.
    If oil sells at $30/barrell, the oil companies can't make $30/barrell. They can't make their margen at $70/barrell either. They need high oil prices to make $30/barrell.
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    Re: Bachmann: I'll get gas under $2

    [QUOTE=sangha;1059758194]If oil sells at $30/barrell, the oil companies can't make $30/barrell. They can't make their margen at $70/barrell either. They need high oil prices to make $30/barrell.[/QUOT

    To be honest I would be happy with consistant oil prices, anything under $100.00 a barrel that we could count on from our own reserves would make me smile. I am tired of being jerked around by OPEC.

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