View Poll Results: Do you support this Gas price idea?

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  • Yes

    4 9.30%
  • No

    37 86.05%
  • Part of it, I will explain in a post.

    2 4.65%
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Thread: Idea to control gas prices and help conversion to electric cars.

  1. #61
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by LaMidRighter View Post
    We'll have to disagree here, with the regulatory climate we have now you are correct, however the gulf region alone has about the oil potential of the U.A.E. and Iran combined, ANWR, or at least the sliver of it desired for drilling has an estimated double to triple the potential of Saudi Arabia, and the west coast has vast reserves. This is before fracking, and Canada is ridiculously oil rich as well, they are a fantastic American ally so I just don't buy the domestic shortage argument from a free market standpoint. Regulatory......different case altogether.
    I agree that we could produce all our own oil if we had to, but this would take a very long time to meet. At least in the short-term the price of oil would skyrocket without controls. Even with deregulation it would take decades to more than triple our oil production, and this assumes that demand remains the same. We have a ton of oil, but most of the easy to drill stuff was tapped out years ago. Most of the new oil is only exploitable because the big oil companies only thought they could make a profit with high oil prices. They certainly wouldn't do it with $1 a gallon gas.
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  2. #62
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by DrunkenAsparagus View Post
    I agree that we could produce all our own oil if we had to, but this would take a very long time to meet. At least in the short-term the price of oil would skyrocket without controls. Even with deregulation it would take decades to more than triple our oil production, and this assumes that demand remains the same. We have a ton of oil, but most of the easy to drill stuff was tapped out years ago. Most of the new oil is only exploitable because the big oil companies only thought they could make a profit with high oil prices. They certainly wouldn't do it with $1 a gallon gas.
    I don't think we're far off in the opinion here. I slightly disagree that it's an extreme profit motive simply due to the 8 cents on the dollar actual profit, I blame regulations heavily though. Cali still has tons of shallow water reserves we can't touch due to federal law, so does Fla. actually but I do acknowledge that the La./Tx. reserves are going to have to go further out.

    The biggest difference is the price spikes we currently have. The 8 cent rule is still in effect, but it's taking more dollars to get to the gallon so the 8 cents is multiplied by 3, sometimes four, times national consumption.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  3. #63
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by LaMidRighter View Post
    I don't think we're far off in the opinion here. I slightly disagree that it's an extreme profit motive simply due to the 8 cents on the dollar actual profit, I blame regulations heavily though. Cali still has tons of shallow water reserves we can't touch due to federal law, so does Fla. actually but I do acknowledge that the La./Tx. reserves are going to have to go further out.

    The biggest difference is the price spikes we currently have. The 8 cent rule is still in effect, but it's taking more dollars to get to the gallon so the 8 cents is multiplied by 3, sometimes four, times national consumption.
    It's not a matter of huge profits. It's a matter of making any profit at all. The United States is awash is oil and other fuels. The problem is that most of the remaining stuff is really hard and expensive to drill out. Oil companies knew this stuff was there, but it would have been more expensive to drill it than what they would have made off it with past prices. When prices rose last decade, it suddenly became profitable to explore things like tar sands. Under 247's scheme it would be stupid for drillers to exploit these resources. There is a lot of oil, but there are not enough easily exploitable reserves for us to simply triple production. As for exploitable oil, forget Cali. North Dakota has one of the largest deposits of oil on the planet. Of course it's in tar sands, so only recently has it become profitable to exploit.
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  4. #64
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    Re: Idea to control gas prices and help conversion to electric cars.

    The US's largest export right now is fuel in the form of gasoline, diesel and jet fuel. Anyone who says Obama is not doing enough to pull oil out of the ground is either ignorant or just likes spewing crap.
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  5. #65
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by DrunkenAsparagus View Post
    It's not a matter of huge profits. It's a matter of making any profit at all. The United States is awash is oil and other fuels. The problem is that most of the remaining stuff is really hard and expensive to drill out. Oil companies knew this stuff was there, but it would have been more expensive to drill it than what they would have made off it with past prices. When prices rose last decade, it suddenly became profitable to explore things like tar sands.
    This is true. Fracking, getting oil from tar sands, and deepwater drilling are not optimal. However I don't blame prices for the production but rather I blame production of these types on the regulatory nature. Prices spike when inefficiencies exist, because the shallow stuff we still have is not exploitable we have to go to the less optimal system, which then spikes the consumer price. Government could help out quite a bit by getting out of the way.
    Under 247's scheme it would be stupid for drillers to exploit these resources.
    Under 247's plan anything would be stupid. There would be a total profit elimination in strict land drilling.
    There is a lot of oil, but there are not enough easily exploitable reserves for us to simply triple production. As for exploitable oil, forget Cali. North Dakota has one of the largest deposits of oil on the planet. Of course it's in tar sands, so only recently has it become profitable to exploit.
    From what I understand we have at least triple production, where the equation fails is on the refinement end as we are in a refinery shrinkage period. Thus it doesn't matter if we produce or import crude we simply don't have the capacity to meet demand because instead of building more refineries we have to repair and retrofit, or close. Much of that is due to regs.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  6. #66
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by OnWisconsin View Post
    The US's largest export right now is fuel in the form of gasoline, diesel and jet fuel. Anyone who says Obama is not doing enough to pull oil out of the ground is either ignorant or just likes spewing crap.
    Obama isn't doing ****. Most of the production is coming from private lands leased out, public lands aren't producing currently.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  7. #67
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by LaMidRighter View Post
    Obama isn't doing ****. Most of the production is coming from private lands leased out, public lands aren't producing currently.
    Right.. lets play that game.. then everytime on DP that some right wing nutjob says that "Under Bush gas was at $1.xx per gallon, and now under Obama its $4.xx a gallon" and they try to use that as an example of how its Obama's fault, I want you to personally tell them that they are full of ****. Deal?
    Am I not destroying my enemies when I make friends of them?
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    Before the war is ended, the war party assumes the divine right to denounce and silence all opposition to war as unpatriotic and cowardly.
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    God, how patient are Thy poor! These corporations and masters of manipulation in finance heaping up great fortunes by a system of legalized extortion,
    and then exacting from the contributors--to whom a little means so much--a double share to guard the treasure!
    - Robert M. LaFollette, Wisconsin Governor and U.S. Senator

  8. #68
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by OnWisconsin View Post
    Right.. lets play that game.. then everytime on DP that some right wing nutjob says that "Under Bush gas was at $1.xx per gallon, and now under Obama its $4.xx a gallon" and they try to use that as an example of how its Obama's fault, I want you to personally tell them that they are full of ****. Deal?
    Did Bush issue a drilling moratoriam? No, he didn't, Obama bypassed Congress, and the federal courts. You have NO defense for this.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  9. #69
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by 274ina View Post
    Issue each citizen a card good for there share of domestic gas. (unleaded, diesel, premium) Current gas card holders would use there current cards.
    Quote Originally Posted by 274ina View Post
    its the JOB of gov to do what the people need and end extorsion. Like the extorsion of the auto and oil corps.

    Just like Gov ended the "Patent" medicine trade...........

    Your CEO's control healthcare, and look at the prices we pay for that......NOPE, your CEO running anything is agianst Ameriica.
    A lot of people think it's government's job to provide basic education, to teach every child basic literacy skills—reading and writing. Look how great a job they did of teaching you. You can't even write; much less demonstrate any grasp of the mathematics, business and economic principles, social issues, and technical issues that it would take to meaningfully discuss the topic that you are trying to discuss.
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    We can be Godless and free. • “Social justice” through forced redistribution of wealth. • Silencing religious opinions counts as “diversity”. • Freedom without moral and personal responsibility. • Civilization can survive the intentional undermining of the family.

  10. #70
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    Re: Idea to control gas prices and help conversion to electric cars.

    Quote Originally Posted by OnWisconsin View Post
    The US's largest export right now is fuel in the form of gasoline, diesel and jet fuel. Anyone who says Obama is not doing enough to pull oil out of the ground is either ignorant or just likes spewing crap.
    Obama is not doing ANYTHING to pull oil out of the ground...and that's not crap, that's fact.

    Your mention of our exports has nothing to do with Obama's actions. The People and markets decide what we export. Even if it DID have some correlation, it wouldn't have anything to do with Obama. The bulk of our oil is being produced by private enterprises...not Obama.
    TANSTAAFL

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