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Obama Underwrites Offshore Drilling

SouthernDemocrat said:
Thats great, but the problem is that we don't have nearly enough. Our domestic oil production peaked 30 years ago and no amount of drilling is going to change that. Thus we have to secure access to production abroad.
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That's not true.
 
hazlnut said:
Loan, grant, apdst doesn't care, he just likes to show his patriotism by calling the President names.

Facts, proper perspective be damned. A good spin and apdst is off to the races....
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Why not do the same for an American company and put Americans back to work? Call it a grant, loan, free money, cash for clunkers, or whatever; ain't this a good time to put as many Americans back to work as possible?
 
RightinNYC said:
If Petrobras happens to be picked out at random by the exec. branch and if Soros really owns that many shares.
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Well, Soros does own that many shares. How Petrobras was chosen, I dunno and never claimed to. I think we can all agree that it's awfully damn coincidental. Yes?

Aug. 14 (Bloomberg) -- Billionaire George Soros cut his stake in his biggest holding, Petroleo Brasileiro SA, in the second quarter while buying more shares of other energy producers.

His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.

George Soros Cut Petrobras Stake in Second Quarter (Update2) - Bloomberg.com
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Not really. He's a billionaire and likely invests in dozens of large international corporations.
 
apdst's posts here remind me of the first half of Fareignheight 9/11. All it was was Moore trying to find connections between rich, well connected people and other rich, well connected people. He also sought connections between rich, well connected people, and large corporations that are somehow related to war or terrorism. Surprise surprise, such connections abound
 
SouthernDemocrat said:
Exactly, a lot of people don't seem to get that what ever we replace oil with has to be as cheap or cheaper than oil.

If the majority of Americans were willing or able to pay two to three times the price for a good simply because it was produced in a more environmentally or socially responsible manner, then Whole Foods would be bigger than Walmart.

I am a strong advocate of conservation, but its got to be economically viable for the average joe. You can't just tell everyone to carpet their roof in solar panels when it will take them decades to recoup the costs.
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WOW!!!!.... this is the first thing I've read from you that I agree with, good show.
 
Kernel Sanders said:
apdst's posts here remind me of the first half of Fareignheight 9/11. All it was was Moore trying to find connections between rich, well connected people and other rich, well connected people. He also sought connections between rich, well connected people, and large corporations that are somehow related to war or terrorism. Surprise surprise, such connections abound
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Really? I've never tried to express an opinion like that. The connection I made between Soros and Obama was a political one rather than one fat cat helping another.

The real issue, is why PBO is spending all that money to create jobs in another country when the unemployment rate here is 9.5% and isn't getting any better.
 
apdst said:
Really? I've never tried to express an opinion like that. The connection I made between Soros and Obama was a political one rather than one fat cat helping another.
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You're looking at a political decision that Obama made that will benefit a private corporation and alleging that it was made for the financial benefit of somebody that he is connected to based on no evidence except that somebody Obama is connected to invested in some corporation (shocking, I know). That's exactly what Moore was doing in F9/11.

The real issue, is why PBO is spending all that money to create jobs in another country when the unemployment rate here is 9.5% and isn't getting any better.
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I'd take a look at obvious' post, which you appear to have missed

obvious Child said:
apdst = Fail.



Ex-Im-Bank commits $2.2 billion to support US exports to Petrobras

This is essentially US corporate welfare. Giving money to a foreign business so they can buy US goods and US services from US companies.

That WSJ opinion was piss poor journalism. The only time "export" came up was discussing Brazil's exports, not that the financing would be used to pay for US exports.
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SouthernDemocrat said:
Thats great, but the problem is that we don't have nearly enough. Our domestic oil production peaked 30 years ago and no amount of drilling is going to change that. Thus we have to secure access to production abroad.
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You notice I said "too"?
 
Kernel Sanders said:
You're looking at a political decision that Obama made that will benefit a private corporation and alleging that it was made for the financial benefit of somebody that he is connected to based on no evidence except that somebody Obama is connected to invested in some corporation (shocking, I know). That's exactly what Moore was doing in F9/11.



I'd take a look at obvious' post, which you appear to have missed
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If you notice that there's no guarantee that that money is going to come back to American companies. You read that part of the article, right?

It's still assinine that he would subsidize oil production in a foreign country. That would be like sending bailout money to car companies in Asia.
 
Except for the part where it's a loan rather than a subsidy, sure
 
apdst said:
What an asshole. People losing jobs everyday in this country and this dip stick subsidizes oil exploration, in Brazil, with 2 billion of our dollars. This is surreal.
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Off shore drilling was never a viable option. It would peruse not even enough oil to justify the efforts of the process.

Mccain offered this in the last election as a possibility, when one looks at it, its just was to win votes witch he seems to have done here.

Obama has offered redirecting our system away from oil witch much come from some countries with laws that make your feel sick.

In the Obama system he is offering those jobs in green technologies wind, solar, and others.

Also Obama has efforts now to crate jobs by fixing our infrastructure.

When you look at it off Offshore Drilling is a loss loss idea.
 
So did Chavez get any money?
 
ewm90 said:
Off shore drilling was never a viable option. It would peruse not even enough oil to justify the efforts of the process.

Mccain offered this in the last election as a possibility, when one looks at it, its just was to win votes witch he seems to have done here.

Obama has offered redirecting our system away from oil witch much come from some countries with laws that make your feel sick.

In the Obama system he is offering those jobs in green technologies wind, solar, and others.

Also Obama has efforts now to crate jobs by fixing our infrastructure.

When you look at it off Offshore Drilling is a loss loss idea.
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If it's not worth it, then why do the oil companies want to drill for the oil?

There's so much oil off the coast of California that it's literally seeping out of the ocean floor. 60% of crude oil pollution in American waters is from natural seepage. That simple fact makes the opposition to oil and gas production totally idiotic.
 
ewm90 said:
Off shore drilling was never a viable option. It would peruse not even enough oil to justify the efforts of the process.

Mccain offered this in the last election as a possibility, when one looks at it, its just was to win votes witch he seems to have done here.

Obama has offered redirecting our system away from oil witch much come from some countries with laws that make your feel sick.

In the Obama system he is offering those jobs in green technologies wind, solar, and others.

Also Obama has efforts now to crate jobs by fixing our infrastructure.

When you look at it off Offshore Drilling is a loss loss idea.
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I am always amazed at the illogical argument of this in particular. We have an economy that the driving engine, or heart if you will, is petro based. Now I have no problem per se, in moving that to other technologies, that all experts say will take 1 possibly 2 decades to realize btw, but why is there such a self defeating push to destroy this country in the process? Any change as huge as this one would dictate by simple common sense that we have to prove the tech, and then slowly transform. Libs in this case want the tech now, proven or not, and while doing such cut off the tap that the entire country is running on now....It is suicide.



j-mac
 
Let me ask you what he trying or was make making them?

For example how dose one try to stand up? ether you stand up or you don't. Unless you have a medical problem that could corse you to fail to stand up your not trying.

When you read this I know your going to read it looking thew the view of I am a liberal what could I know.

But the difference between trying and doing is not liberal of conservative its just using words has they where conceived to be used.

Kernel Sanders said:
apdst's posts here remind me of the first half of Fareignheight 9/11. All it was was Moore trying to find connections between rich, well connected people and other rich, well connected people. He also sought connections between rich, well connected people, and large corporations that are somehow related to war or terrorism. Surprise surprise, such connections abound
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Obama has offered redirecting our system away from oil witch much come from some countries with laws that make your feel sick.
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Do you real wont to get your oil from ungo chavez's venezuela' saudi arabia or Iron?? We all ready do in some cases it will just get to a point where we will have to rely on them unless we change corse fast.

Also oil is very explosive and make cars less safe in accidence.

Also WE have global worming to deal with. even if you don,t believe in it can you say really with 100% confidences that global worming don't not exist at all? I cant. I thin even if it dose not it will benefit the place we live to have less chemicals spilled in the seas.

j-mac said:
I am always amazed at the illogical argument of this in particular. We have an economy that the driving engine, or heart if you will, is petro based. Now I have no problem per se, in moving that to other technologies, that all experts say will take 1 possibly 2 decades to realize btw, but why is there such a self defeating push to destroy this country in the process? Any change as huge as this one would dictate by simple common sense that we have to prove the tech, and then slowly transform. Libs in this case want the tech now, proven or not, and while doing such cut off the tap that the entire country is running on now....It is suicide.



j-mac
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RightinNYC said:
Setting aside the fact that this is obviously false, you're also completely ignoring the question of cost.
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Um, no I'm not. If all people wanted solar shingles, the mass produced effect would lower cost. Sorry dude, that lame conservative excuse doesn't fly with me.
 
formerroadie said:
Um, no I'm not. If all people wanted solar shingles, the mass produced effect would lower cost. Sorry dude, that lame conservative excuse doesn't fly with me.
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Maybe so, but first we have to get past the 26 thousand dollars it cost now to install a solar system. It's issues such as the cost that make the technology unready, at this time.
 
formerroadie said:
Um, no I'm not. If all people wanted solar shingles, the mass produced effect would lower cost. Sorry dude, that lame conservative excuse doesn't fly with me.
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Powering 1 home off of solar cells is very very expensive.

The start up costs to install a viable system are very high.
A true sine wave inverter alone can cost as much as $3000.

I still plan on doing one day but most won't pay for it and/or can't afford it.
 
Another issue I have with a solar/wind system, is that when you install it, it's your's. When a storm comes through and trashes it, you pay for it, or you do without and you do without until it's fixed. There aren't tax breaks for putting the system back together after a hail storm busts all the solar panels.
 
Things can happen and rupture gas lines witch can be a big problem.

Things brake no what they are. solar/wind system can take a beating they are designed to withstand the elements.

apdst said:
Another issue I have with a solar/wind system, is that when you install it, it's your's. When a storm comes through and trashes it, you pay for it, or you do without and you do without until it's fixed. There aren't tax breaks for putting the system back together after a hail storm busts all the solar panels.
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formerroadie said:
Um, no I'm not. If all people wanted solar shingles, the mass produced effect would lower cost. Sorry dude, that lame conservative excuse doesn't fly with me.
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Oh, ****, well if you say so, despite the total absence of "facts" or "numbers," it must be cost-efficient. Using this logic, know what else would work? Cold-fusion in everyone's backyards.

Further, you're aware that the mass production savings would apply to any energy source we chose to expand, be it nuclear or solar, right?
 
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