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Thread: Oil industry worries Libya unrest could spread

  1. #21
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by USA_1 View Post
    That's not why it's going up?

    The GOP had total control of the government for six years and did nothing to increase production. Do you know why?
    Supply and Demand. The Oil industry makes more money when supplies are tight. They made mountains of money off the Bush administration. When will you people ever learn? They will make even more off this new crisis.
    Production hasn't gone down since Obama imposed his drilling moratorium?

    I made alotta money when Bush was in office, too.

    Personally, I hope the ME cuts us off, completely; then I'll start making tons of money.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  2. #22
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by apdst View Post
    Production hasn't gone down since Obama imposed his drilling moratorium?

    I made alotta money when Bush was in office, too.

    Personally, I hope the ME cuts us off, completely; then I'll start making tons of money.
    Typical republican and the phoney patriotism....... Screw the country, as long as I get mine.

    Production hasn't gone down since Obama took office. New deepwater well drilling has slowed down.
    http://www.eia.doe.gov/emeu/mer/pdf/pages/sec3_3.pdf

    March 02, 2010
    US Oil Production Climbing Back up the Peak
    Share
    US Oil production is climbing back up after a long 40 year decline
    Last edited by USA_1; 02-24-11 at 03:05 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  3. #23
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by USA_1 View Post
    Typical republican and the phoney patriotism....... Screw the country, as long as I get mine.
    You say that like I have control over any of that? Obama screwed me to get his. Turn about is fair play.

    Production hasn't gone down since Obama took office. New deepwater well drilling has slowed down.
    http://www.eia.doe.gov/emeu/mer/pdf/pages/sec3_3.pdf

    BECAUSE OF THE DRILLING MORATORIUM!!!!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  4. #24
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by apdst View Post


    BECAUSE OF THE DRILLING MORATORIUM!!!!
    The BP spill may have slowed it down too after they saw how many billions of dollars deepwater drilling can cost a company.

    New deepwater drilling slowed down but US oil production rose during Obamas two years. Oil companies just directed their resources to other other oil fields. Safer ones.

    I can not believe there is anyone dumb enough not to support a deepwater moratorium after the BP spill. I guess only those that don't care about this country would want them to go on full speed ahead.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by USA_1 View Post
    The BP spill may have slowed it down too after they saw how many billions of dollars deepwater drilling can cost a company.
    Yeah, that's it. That must be the reason most of those rigs left the GOM to go drill deepwater wells in other countries.

    New deepwater drilling slowed down but US oil production rose during Obamas two years. Oil companies just directed their resources to other other oil fields. Safer ones.
    LMAO!!!!!!!!!! Where do get that from?

    I can not believe there is anyone dumb enough not to support a deepwater moratorium after the BP spill. I guess only those that don't care about this country would want them to go on full speed ahead.
    No dumber than causing gas prices to head toward double digits and not try to do a damn thing about it.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  6. #26
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    Re: Oil industry worries Libya unrest could spread

    [QUOTE=apdst;1059306930]
    LMAO!!!!!!!!!! Where do get that from?
    Can't you read?
    http://www.eia.doe.gov/emeu/mer/pdf/pages/sec3_3.pdf


    No dumber than causing gas prices to head toward double digits and not try to do a damn thing about it.
    Are you dumb enough to believe we can do anything about gas prices? Are you dumb enough to think increasing deepwater permits will lower gas prices? Are you dumb enough to believe the oil companies want lower gas prices?

    The oil companies love this. They are in the business to make money, not lower gas prices.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  7. #27
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    Re: Oil industry worries Libya unrest could spread

    [QUOTE=USA_1;1059306947]
    Quote Originally Posted by apdst View Post
    I don't see where oil companies are drilling more, in safer fields. Not from your link.


    Are you dumb enough to believe we can do anything about gas prices? Are you dumb enough to think increasing deepwater permits will lower gas prices? Are you dumb enough to believe the oil companies want lower gas prices?

    The oil companies love this. They are in the business to make money, not lower gas prices.
    I'm smart enough to know that we can't just shut down domestic production and expect everything to be honkey-dorey.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  8. #28
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    Re: Oil industry worries Libya unrest could spread

    [QUOTE=apdst;1059306959]
    Quote Originally Posted by USA_1 View Post

    I don't see where oil companies are drilling more, in safer fields. Not from your link.




    I'm smart enough to know that we can't just shut down domestic production and expect everything to be honkey-dorey.
    The link showed US oil production was up since Obama took office. It was down during the last administration.

    Since oil is a global market does it really matter where the oil companies drill? So Obama put a deepwater moratorium in the Gulf to protect the US. It really had no effect in the grand scheme of things. It was an insignificant amount of oil anyway.

    Speculators drive up the price to the delight of the oil companies.
    Last edited by USA_1; 02-24-11 at 04:02 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  9. #29
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    Re: Oil industry worries Libya unrest could spread

    [QUOTE=USA_1;1059307015]
    Quote Originally Posted by apdst View Post

    The link showed US oil production was up since Obama took office. It was down during the last administration.

    Since oil is a global market does it really matter where the oil companies drill? So Obama put a deepwater moratorium in the Gulf to protect the US. It really had no effect in the grand scheme of things. It was an insignificant amount of oil anyway.

    Speculators drive up the price to the delight of the oil companies.
    Do you understand how speculation works? They speculate future supply and with drilling moratoriums, they can easily speculate that supplies will be down.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  10. #30
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    Re: Oil industry worries Libya unrest could spread

    [QUOTE=apdst;1059307069]
    Quote Originally Posted by USA_1 View Post

    Do you understand how speculation works? They speculate future supply and with drilling moratoriums, they can easily speculate that supplies will be down.
    Speculation is a bet if prices will rise. In the artificial oil market, supply has nothing to with it. In 2006 prices reached record levels while supplies grew. I don't think you understand how speculation works.
    Fear can cause prices to rise more than supply.


    http://www.cnbc.com/id/41495698/New_...l_Fields_in_US

    A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
    Robert Nickelsberg | Getty Images
    Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day—more than the entire Gulf of Mexico produces now.
    Last edited by USA_1; 02-24-11 at 04:29 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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