View Poll Results: Should we temporarily subsidize domestic oil shale production in response to OPEC?

Voters
35. You may not vote on this poll
  • Yes, if prices drop too low we should.

    6 17.14%
  • No.

    29 82.86%
Page 7 of 8 FirstFirst ... 5678 LastLast
Results 61 to 70 of 72

Thread: Should we temporarily subsidize oil shale production in response to OPEC

  1. #61
    Guru

    Winchester's Avatar
    Join Date
    Apr 2014
    Last Seen
    Today @ 11:19 PM
    Gender
    Lean
    Other
    Posts
    3,822

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by Declan View Post
    No, we should release oil out of the strategic reserves to maintain lower prices to really stick it to OPEC.
    We should do the opposite, build up the strategic reserves when the price is low.

  2. #62
    Sometimes wrong
    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 10:13 PM
    Gender
    Lean
    Libertarian
    Posts
    28,139

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    No. That is as stupid as paying farmers not to grow crops just to keep the crop price up.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  3. #63
    Sometimes wrong
    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 10:13 PM
    Gender
    Lean
    Libertarian
    Posts
    28,139

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by Winchester View Post
    We should do the opposite, build up the strategic reserves when the price is low.
    That makes sense only if we did not have to borrow money to do so and would later sell it for a profit. The government should not get into what it lacks experience to do correctly. Look at all of the vacant property that GSA buys and then hoards, spending millions to maintain it and then simply gives it away at a loss. It is not good idea to have the government play the commodity (or real estate) markets, especially with their track record.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  4. #64
    Sage
    Sherman123's Avatar
    Join Date
    Jul 2012
    Location
    Northeast US
    Last Seen
    Today @ 08:55 PM
    Gender
    Lean
    Undisclosed
    Posts
    7,166

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by SouthernDemocrat View Post
    I agree, but I am surprised there are not more economic nationalists on here that see it as a competition between our nation and OPEC.
    I prefer the term pragmatist but I agree. I also think it is in everyones interest, except certain producer states and companies, and certainly in the consumers interest, to see production and supply stay as high as possible with the price as low as possible.

  5. #65
    Guru Declan's Avatar
    Join Date
    Nov 2014
    Last Seen
    04-01-15 @ 11:05 PM
    Gender
    Lean
    Progressive
    Posts
    4,670

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by Winchester View Post
    We should do the opposite, build up the strategic reserves when the price is low.
    Since prices will go lower, we should sell now and buy later--like stocks

  6. #66
    Sage
    EMNofSeattle's Avatar
    Join Date
    Jan 2014
    Location
    Grapeview, Washington
    Last Seen
    Today @ 09:16 PM
    Gender
    Lean
    Progressive
    Posts
    6,251

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by Declan View Post
    No, we should release oil out of the strategic reserves to maintain lower prices to really stick it to OPEC.
    No no no, the SPR is for emergencies only!

    Plus the SPR contains enough oil for forty days at current us demand level, it's a drop in the bucket. Subsidizing shale is the better option, because it will put further downward pressure on price to keep production at current levels. Save the reserve for emergencies
    Quote Originally Posted by Dr. Chuckles View Post
    No one cares about your stupid hippy logic
    "Be careful of averages, the average person has one breast and one testicle"
    -Dixy Lee Ray

  7. #67
    Guru Declan's Avatar
    Join Date
    Nov 2014
    Last Seen
    04-01-15 @ 11:05 PM
    Gender
    Lean
    Progressive
    Posts
    4,670

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by EMNofSeattle View Post
    No no no, the SPR is for emergencies only!

    Plus the SPR contains enough oil for forty days at current us demand level, it's a drop in the bucket. Subsidizing shale is the better option, because it will put further downward pressure on price to keep production at current levels. Save the reserve for emergencies
    Why should we subsidize it and not just buy it up. We can do it like we do milk--buy it for one price and then force people to pay more than they otherwise would for it. Works for me. The higher everything costs, the more taxes we collect.

  8. #68
    Sage
    EMNofSeattle's Avatar
    Join Date
    Jan 2014
    Location
    Grapeview, Washington
    Last Seen
    Today @ 09:16 PM
    Gender
    Lean
    Progressive
    Posts
    6,251

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by Declan View Post
    Why should we subsidize it and not just buy it up. We can do it like we do milk--buy it for one price and then force people to pay more than they otherwise would for it. Works for me. The higher everything costs, the more taxes we collect.
    Because the government doesn't have storage capacity for the volume we'd need to purchase. While the gas tax does need to be raised, it hasn't, and it's a flat rate, not a percentage like sales tax, gas can go up to 5 a gallon and the tax is still only 18 cents, so higher price does not mean higher revenue, good lucking getting congress to approve a high GT
    Quote Originally Posted by Dr. Chuckles View Post
    No one cares about your stupid hippy logic
    "Be careful of averages, the average person has one breast and one testicle"
    -Dixy Lee Ray

  9. #69
    Guru Declan's Avatar
    Join Date
    Nov 2014
    Last Seen
    04-01-15 @ 11:05 PM
    Gender
    Lean
    Progressive
    Posts
    4,670

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by EMNofSeattle View Post
    Because the government doesn't have storage capacity for the volume we'd need to purchase. While the gas tax does need to be raised, it hasn't, and it's a flat rate, not a percentage like sales tax, gas can go up to 5 a gallon and the tax is still only 18 cents, so higher price does not mean higher revenue, good lucking getting congress to approve a high GT
    Higher fuel costs mean higher delivery costs means higher sales tax. I like for them states to get some crumbs too.

  10. #70
    User
    Join Date
    Dec 2014
    Last Seen
    @
    Gender
    Lean
    Undisclosed
    Posts
    1

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by SouthernDemocrat View Post
    OPEC is currently using their market power to engage in a price war with the United States in the hopes that it will put our tight oil suppliers out of business. If oil prices drop to a point that oil shale production is no longer profitable (below 60 dollars a barrel), do you think the United States should temporarily subsidize producers in order to keep that production and all of the infrastructure supporting it online for when oil prices inevitably rise again?

    Oil prices keep plummeting as OPEC starts a price war with the US - Vox
    Wars (ones which kill, not price wars) are expensive and destructive. The United States having a strong, home based supply of oil reduces its dependence on countries both fragile and undemocratic. We have seen recently how Europe has not reacted with necessary vigour towards Russia over the Ukraine because of its reliance on Russia as an energy supplier. The world has been held to ransom at least twice by OPEC.

    Perhaps better than a subsidy would be a mothballing allowance. This would allow the US to benefit from low prices while maintaining the onshore production potential to ensure they stay low and so to stabilise the market at a level where most shale oil production survives. Such a subsidy would have the added advantage of maintaining pressure on shale production costs.

Page 7 of 8 FirstFirst ... 5678 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •