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Dems change tune after mocking GOP for ‘drill, baby, drill’

Gosh, I don't remember.. It was back about the time Bush's term in office was coming to an end. The permitting process for drilling in the parks is much tougher.. and the government can't really dictate where oil companies drill.. since their activities are driven by market demand and the ppb.

Well when you throw out a number like that about oil leases in national parks you really need to source it.
 
GOP messengers now getting the message, the booming economy can't be denied.
So their lie machine does a 180, taking credit for Obamanomics .

What policies of Obamas IYO led to these lower gas prices?
 
Surprising no right wingers ever heard of Obamanomics. Well, not really, some still reside in cold, dark, damp places.

Obamanomics

The success of Obamanomics | Al Jazeera America

as opposed to

Reaganomics (/reɪɡəˈnɒmɪks/; a portmanteau of Reagan and economics attributed to Paul Harvey)[1] refers to the economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with supply-side economics, referred to as trickle-down economics by political opponents and free market economics by political advocates.
Reaganomics - Wikipedia, the free encyclopedia

You support your position with an Al Jazerra link?:lol: C'mon, surly you can do better than that.
 
You missed the good news of the greatest number of jobs created in 15 years?
Which just so happen to replenish the government with income tax lost during the Bush swoon.

Have you noticed how the lying GOP pols are now trying to take credit for this ?

Low paying service industry jobs and the GOP wants no "credit" for that.

Wages are down in case you have not noticed.

" U.S. jobs pay an average 23% less today than they did before the 2008 recession, according to a new report released on Monday by the United States Conference of Mayors.

In total, the report found $93 billion in lost wages.

Jobs lost during the recession paid an average $61,637. As of 2014, jobs in the same sectors paid an average of $47,171 annually.

“Under a similar analysis conducted by the Conference of Mayors during the 2001-2002 recession, the wage gap was only 12% compared to the current 23%–meaning the wage gap has nearly doubled from one recession to the next,” stated the Conference of Mayors in a statement.

http://www.breitbart.com/big-government/2014/08/11/u-s-wages-down-23-since-2008/
 
I'll be more than glad to give Obama credit for lower gas and oil prices... if you can explain what he done to affect those changes.

Don't hold your breath.:lol:
 
And all OPEC has to do is scale back production and prices go right back up. You're also ignoring that demand is a principal factor in pricing. Demand, for whatever reason, is dropping.

Wrong! They can't do that now precisely because we have that capability to produce so much oil of our own.. They no longer have us over a barrel. If they lowered production it would be a good thing because oil would stabilize at 50 bucks a gallon which is 2 buck gas at the pump. They are not doing so because they want oil in a free fall in order to shut down US production. They have declared war on our oil companies and want their monopoly back.
 
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Nobody said drilling would do "nothing at all." However, the idea that increased production alone magically drops gas prices IS a gimmick. Oil is a global commodity with numerous factors in play.

Drill baby drill took OPEC out of the drivers seat.
 
You support your position with an Al Jazerra link?:lol: C'mon, surly you can do better than that.

It is what it is, which is probably more reliable than any other media outlet.

I already knew more than eyebrows would be raised when a link posted to Al Jazeera on DP. Now the cons can go to the drug store and purchase their Maalox or Excedrin and use as directed.

Mainly because the following view them as a competitor, and is largely dismissed by cons and right wind media and their followers who slurp up lies like it was pablum.

The channel, which was launched on August 20, 2013, directly competes with CNN, HLN, MSNBC, Fox News Channel, and in certain markets
Al Jazeera America - Wikipedia, the free encyclopedia

Fact-Based, In-Depth News | Al Jazeera America

note: if you do not like the source, look up Obamanomics for yourself, Google can be your friend.
 
Drill baby drill took OPEC out of the drivers seat.

To a degree, sure. OPEC was artificially keeping prices up, and increased production in the U.S., Canada and elsewhere has increased supply. However, global demand is also dropping precipitously, which is affecting other commodities markets.
 
Looks like drill baby drill are back in the passenger seat, well, back seat.
 
It is what it is, which is probably more reliable than any other media outlet.

I already knew more than eyebrows would be raised when a link posted to Al Jazeera on DP. Now the cons can go to the drug store and purchase their Maalox or Excedrin and use as directed.

Mainly because the following view them as a competitor, and is largely dismissed by cons and right wind media and their followers who slurp up lies like it was pablum.


Al Jazeera America - Wikipedia, the free encyclopedia

Fact-Based, In-Depth News | Al Jazeera America

note: if you do not like the source, look up Obamanomics for yourself, Google can be your friend.

An actual economic site would make your case far better than that joke network. I'm not going to get in the weeds on this here though because this thread is about dems being wrong about drill baby drill. If you really want to discuss Obamanomics start a thread on it don't attempt to derail this one. Thank you
 
To a degree, sure. OPEC was artificially keeping prices up, and increased production in the U.S., Canada and elsewhere has increased supply. However, global demand is also dropping precipitously, which is affecting other commodities markets.

Before "drill baby drill", OPEC lowered production to match lower demand and kept prices up. They can no longer do that because there are otheir spigots that would stay on as they turned theirs down. We now have a true supply and demand factor at work that can no longer be artificially altered like that guy in the movie Mad Max that could turn the power off or on at a whim. We now have much more control over oil supply.
 
An actual economic site would make your case far better than that joke network. I'm not going to get in the weeds on this here though because this thread is about dems being wrong about drill baby drill. If you really want to discuss Obamanomics start a thread on it don't attempt to derail this one. Thank you

You denigrated the thread yourself by calling out a link posted.

You do realize our economy is tied to oil and gas exploration, don't you?
 
You denigrated the thread yourself by calling out a link posted.

You do realize our economy is tied to oil and gas exploration, don't you?[/QUOTE]

If you can link lower oil prices to Obamanomics feel free to make your case. That would be relevant to this discussion. Show me how Obamanomics led to 2 buck gas and "drill baby drill" was not a factor. If you just want to talk Obamanomics in general though start a thread on it. As for oil and gas exploration, that has been done on state and private land because Obama has virtually closed all new well drilling on fed lands. Obama mocked "drill baby drill" so Obamanomics was against new wells. In that regard it was a factor, a negative one.
 
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You denigrated the thread yourself by calling out a link posted.

You do realize our economy is tied to oil and gas exploration, don't you?[/QUOTE]

If you can link lower oil prices to Obamanomics feel free to make your case. That would be relevant to this discussion. Show me how Obamanomics led to 2 buck gas and "drill baby drill" was not a factor. If you just want to talk Obamanomics in general though start a thread on it. As for oil and gas exploration, that has been done on state and private land because Obama has virtually closed all new well drilling on fed lands. Obama mocked "drill baby drill" so Obamanomics was against new wells. In that regard it was a factor, a negative one.

Drilling in the USA would not benefit the USA, OPEC sets the price for oil, when they drop it below $50 a barrel, the bottom falls out of drill baby drill. Of course, oil exploiters in the USA are hurting now because they cannot produce as much oil at that low of a price to be competitive. In a way, OPEC is helping the USA conserve what oil and natural resources we have remaining.

Our economy depends heavily on cheaper oil, people tend to have more discretionary spend money in their pockets for other things.
 
Drilling in the USA would not benefit the USA, OPEC sets the price for oil, when they drop it below $50 a barrel, the bottom falls out of drill baby drill. Of course, oil exploiters in the USA are hurting now because they cannot produce as much oil at that low of a price to be competitive. In a way, OPEC is helping the USA conserve what oil and natural resources we have remaining.

Our economy depends heavily on cheaper oil, people tend to have more discretionary spend money in their pockets for other things.

drilling in the US absolutely effects the US prices.... as it places additional supply on the market.

and no, OPEC does NOT set the prices... OPEC tries to get their little group to agree on production levels (and it generally fails)

we don't know where the "bottom" is really( it's different for each oil firm)... and even if we reach it, that doesn't mean production stops or even slows, it does mean we'll be seeing mergers and acquisitions, but as far as production is concerned, it depends on the firm and their forecasts
 
if you're honestly interested in learning about why oil prices have dropped so much, start here: The Economist explains: Why the oil price is falling | The Economist

reading about the complexities of the oil market isn't as fun as repeating everything fox news says, but at least you might learn something.

Thirdly, America has become the world’s largest oil producer. [/I]"

Apparently you didn't learn anything from your own post. I guess ideology got in your way.

Frack baby, frack.
 
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