View Poll Results: Obama should end Iranian Sanctions to Reduce Oil Prices

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  • End the sanctions!

    11 45.83%
  • No, keep the sanctions!

    13 54.17%
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Thread: Obama should end Iranian Sanctions to Reduce Oil Prices

  1. #41
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by radcen View Post
    It's not a happy answer, but it's how I believe it will actually play out.
    I consider that approach to be gross neglect of our responsibilities necessary for our own well being.
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  2. #42
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by Catawba View Post
    I consider that approach to be gross neglect of our responsibilities necessary for our own well being.
    Yep. That's what we do.

  3. #43
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by Paschendale View Post
    If it's that simple to keep the prices down, end the sanctions immediately. I don't know why anyone thinks of Iran as a military threat. Killing your customers is astoundingly bad business. They would have to be literally suicidal to attack the United States or really any part of the west. So long as they want our money, they need us not only alive but prospering and continuing to need more and more of their oil. Iranian nukes aren't a threat to us. Their Middle Eastern neighbors, especially their Sunni neighbors, are the ones who should be worried.
    If the US and Europe never bought another ounce of Iranian oil Iran would still be selling all they wanted. India will buy it and, if we put enough pressure on India to stop, China will pick it up. The best we can do is make it harder for them to sell by stopping those transactions from happening in US dollars or Euros.
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  4. #44
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    What I've missed so far in this thread is the understanding that the Oil Companies are international companies. To insure the most profit they need to control supply, which they do. When running a commodity supplying company one increases profit by having at least the threat of a shortage. Investors, middle men, take care of the rest. Oil Companies want to get leases for future drilling, but they don't want to over drill. There is not an oil shortage, just a managed supply; and the management of the supply is working very well for the oil companies right now.

    (We will eventually run out of oil. But the Oil and Coal Companies don't want preparation for that. Especially if an alternative energy source developed to the point of being cost competitive.)
    Last edited by OhIsee.Then; 02-25-12 at 12:28 PM.

  5. #45
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by OhIsee.Then View Post
    What I've missed so far in this thread is the understanding that the Oil Companies are international companies. To insure the most profit they need to control supply, which they do. When running a commodity supplying company one increases profit by having at least the threat of a shortage. Investors, middle men, take care of the rest. Oil Companies want to get leases for future drilling, but they don't want to over drill. There is not an oil shortage, just a managed supply; and the management of the supply is working very well for the oil companies right now.

    (We will eventually run out of oil. But the Oil and Coal Companies don't want preparation for that. Especially if an alternative energy source developed to the point of being cost competitive.)
    I think you will find that it is not oil companies that have barred themselves from drilling on most federal lands, Alaska, and off our coasts. If supply is being limited, dont forget to include government in your list of bad guys.

  6. #46
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by Fletch View Post
    I think you will find that it is not oil companies that have barred themselves from drilling on most federal lands, Alaska, and off our coasts. If supply is being limited, dont forget to include government in your list of bad guys.
    The Oil Companies have vast leased areas that have yet to be drilled that they have not used. Our government has more areas that can be leased. So you are saying that the reason they are not drilling where they are allowed to drill is because that they don't have more areas not to drill in? Those areas not yet leased are expected to be more valuable in the future, but you want our government to sell them cheaply now so that your investments in oil companies will do better? (BTW I have investments in Oil Companies.)
    Last edited by OhIsee.Then; 02-25-12 at 12:47 PM.

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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by OhIsee.Then View Post
    The Oil Companies have vast leased areas that have yet to be drilled that they have not used. Our government has more areas that can be leased. So you are saying that the reason they are not drilling where they are allowed to drill is because that they don't have more areas not to drill in? Those areas not yet leased are expected to be more valuable in the future, but you want our government to sell them cheaply now so that your investments in oil companies will do better? (BTW I have investments in Oil Companies.)
    If the government opened up ANWR tomorrow, would some oil company stick a pipe in the ground? The government often opens up areas that are not as promising as others. So just because there is oil on an open area of federal land does not mean it is worth it for a company to drill there.

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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by Fletch View Post
    If the government opened up ANWR tomorrow, would some oil company stick a pipe in the ground? The government often opens up areas that are not as promising as others. So just because there is oil on an open area of federal land does not mean it is worth it for a company to drill there.
    No.
    Yes. But, then why did they bid against each other to get those worthless leases?
    Again, the Oil Companies benefit from controlling the supply.
    Last edited by OhIsee.Then; 02-25-12 at 01:37 PM. Reason: Sorry for so many edits.

  9. #49
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by Red_Dave View Post
    I think a nuclear armed Middle East would bring up oil prices a great deal more.

    You are so right, just like a nuclear armed Asia would mean an end to cheap goods from China.

    You liberals can ignore Republicans like Herman Cain at your own risk.

  10. #50
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by johnny_rebson View Post
    You are so right, just like a nuclear armed Asia would mean an end to cheap goods from China.

    You liberals can ignore Republicans like Herman Cain at your own risk.
    Would an end to cheap goods from China mean that manufacturing jobs would move back here (or somewhere else)? Economics doesn't really care *where* goods are made, Economics just cares about cheapest cost.

    Same concept could be applied to oil. If ME oil became expensive for such a reason, wouldn't that just make our own oil more attractive economically?

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