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. #51
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by OhIsee.Then View Post
    There isn't a shortage of oil due to at this time. Speculators may think the middle east situation may lead to a shortage, not just the sanctions, so just ending that will not reduce prices much. And for us, our investments are doing very well. And what we have been exporting oil. So I think it may be better to not export our oil.
    That's what I dont understand. I am not certain on this but I am fairly certain that we produce enough oil to cover at leats 80% of our demand yet we still ship it. It makes no sense to me.

  2. #52
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by TheLastIndependent View Post
    That's what I dont understand. I am not certain on this but I am fairly certain that we produce enough oil to cover at leats 80% of our demand yet we still ship it. It makes no sense to me.
    People elsewhere are willing to pay higher prices than we are.

  3. #53
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    the obama administration is making a big mistake not using Canadian oil. i want relief now not security down the road.
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by iacardsfan View Post
    the obama administration is making a big mistake not using Canadian oil. i want relief now not security down the road.
    Just like the US, Canada also consumes more oil than it produces.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  5. #55
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by Catawba View Post
    Just like the US, Canada also consumes more oil than it produces.
    But we still do export oil! That was the point of the Keystone Pipeline. They wanted to ship oil to our refineries to be exported. We don't use all of the oil we produce.

  6. #56
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by TheLastIndependent View Post
    But we still do export oil! That was the point of the Keystone Pipeline. They wanted to ship oil to our refineries to be exported. We don't use all of the oil we produce.
    Yes, except for a domestic allotment, unless oil is nationalized, it is sold to the world oil market. Show me the statistics that prove there has been a single year (under either party) since 1971 that the US has produced more oil than it consumed?

    Canada also consumes more oil than it produces.
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  7. #57
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by Catawba View Post
    Yes, except for a domestic allotment, unless oil is nationalized, it is sold to the world oil market. Show me the statistics that prove there has been a single year (under either party) since 1971 that the US has produced more oil than it consumed?

    Canada also consumes more oil than it produces.
    I understand that we consume more than we produce, but wouldn't the price be lower if we didn't have to rely on Middle Eastern oil AS much?

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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by TheLastIndependent View Post
    I understand that we consume more than we produce, but wouldn't the price be lower if we didn't have to rely on Middle Eastern oil AS much?
    Sorry, I'm not sure what you are asking. Do you mean if we replaced our oil imports with alternative energy?
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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by iacardsfan View Post
    the obama administration is making a big mistake not using Canadian oil. i want relief now not security down the road.
    Would we buy it from Canada? How much would they charge? Do you think they would give us a discount, i.e. charge less than the countries we have been buying from? Oh, BTW, that oil pipeline for the Canadian oil sand oil it to get the oil to refineries on the gulf so it can be sold by its owners into the international market.
    Last edited by OhIsee.Then; 02-25-12 at 11:47 PM.

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    Re: Obama should end Iranian Sanctions to Reduce Oil Prices

    Quote Originally Posted by TheLastIndependent View Post
    I understand that we consume more than we produce, but wouldn't the price be lower if we didn't have to rely on Middle Eastern oil AS much?
    No. It's a world market. The US government doesn't own the oil that is pumped from US controlled land including under the sea. If it did it could set the price.

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