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Oil rises above $90 amid US crude supply drop

UtahBill said:
Ever hear of the algae to diesel project? started under the Carter administration, still going even tho its budget was cut by Reagan. Looks promising..
There was other research as well, perhaps you could google it.
I would like to school you on energy issues, but if I do it for you, I will have to do it for all the others..:2wave:
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There is an even better technology on the horizon. In 2008, scientists genetically modified a bacterium so that it eats garbage and craps out oil. This is not science fiction. Once the technology is further developed, an area the size of Chicago could create enough oil to run the entire transportation infrastructure, and would permanently end our dependence on foreign oil. Imagine how our trade balance would be affected if we did not need to import a single barrel of oil. This development is HUGE. If we can do this, then we can tell OPEC nations to go eat their oil, as we would have THEM over a barrel - A barrel of food.
 
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UtahBill said:
I didn't know that Obama had the power to set oil prices....or manufacture a crisis...

We need to tax gasoline more. Due to better mileage, we use less of it, tax revenues are down.
Back in the 70's, the liberal left forced govt to force car makers to make their engines burn fuel cleaner, to lessen pollution. We all know that is an evil leftist plot to make us breathe cleaner air. Side effects, also evil, was that the cars get better gas mileage and produce more power and torque. And of course, less fuel purchased, less tax revenues to maintain our roads and bridges. An evil plot to make the USA a lesser economic power in the world. We will probably become a debtor nation soon, oh , wait, we already are.
Imagine if the liberal left also forces govt to force construction companies to build with better building codes that are aimed at making those buildings use only half the energy they do now....
We would need less fuel to make electricity, less natural gas to heat the buildings, and we could probably stop using coal altogether...
All evil plots..surely we are doomed.:(
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Millions on unemployment and you want to put a bigger economic problem on them.
 
UtahBill said:
How did he cause oil shortages? by pissing off the OPEC countries, maybe?

Coal producing states should be protected from economic reality? What are you, some kind of socialist?:2razz:
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Obama has stopped any new drilling
 
UtahBill said:
I didn't know that Obama had the power to set oil prices....or manufacture a crisis...
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Not directly, but he did shut down drilling in the GOM.

We need to tax gasoline more. Due to better mileage, we use less of it, tax revenues are down.
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Actually, we're using less fuel, because the economy is in the crapper and nobody's working. A higher gas tax would only make things worse. A better idea would be for the government to get out of the way and let everyone go back to work.

Back in the 70's, the liberal left forced govt to force car makers to make their engines burn fuel cleaner, to lessen pollution. We all know that is an evil leftist plot to make us breathe cleaner air. Side effects, also evil, was that the cars get better gas mileage and produce more power and torque. And of course, less fuel purchased, less tax revenues to maintain our roads and bridges. An evil plot to make the USA a lesser economic power in the world. We will probably become a debtor nation soon, oh , wait, we already are.
Imagine if the liberal left also forces govt to force construction companies to build with better building codes that are aimed at making those buildings use only half the energy they do now....
We would need less fuel to make electricity, less natural gas to heat the buildings, and we could probably stop using coal altogether...
All evil plots..surely we are doomed.:(
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You mean, like the catalitic converter, which causes and engine to get less fuel economy? How about all the computerized crap on engines nowadays, that raised the cost of a vehicle and tripled the cost of a mechanic bill. Those were such wonderful ideas.
 
danarhea said:
There is an even better technology on the horizon. In 2008, scientists genetically modified a bacterium so that it eats garbage and craps out oil. This is not science fiction. Once the technology is further developed, an area the size of Chicago could create enough oil to run the entire transportation infrastructure, and would permanently end our dependence on foreign oil. Imagine how our trade balance would be affected if we did not need to import a single barrel of oil. This development is HUGE. If we can do this, then we can tell OPEC nations to go eat their oil, as we would have THEM over a barrel - A barrel of food.
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Does a gallon of bug poop produce the same amount of energy as a gallon of gasoline? If not, it's a waste of time.
 
UtahBill said:
Yes, Carter....like I said, he had an energy plan. No other president since has even come close. Carter was an engineer, he understood energy issues far better than any president since.
Coal producing states will have to find ways to use coal in other ways. I looked it up once, there are lots of other uses for coal.
OR, instead of digging for coal, plant pot. There will always be a market for good pot...
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You mean synfuel? That wasn't a, "plan", that was a joke.
 
ptif219 said:
Millions on unemployment and you want to put a bigger economic problem on them.
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Infrastructure, bridges and hiways need repair, should we put it on a credit card?
Your bike looks familiar, do you post on VBN?
 
UtahBill said:
Infrastructure, bridges and hiways need repair, should we put it on a credit card?
Your bike looks familiar, do you post on VBN?
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How about we stop regulating private businesses to death and stop killing jobs? Just think of all the tax revenue that has been lost since our current government started ****ing over the private sector at every turn.
 
j-mac said:
Here we go on our way to another manufactured crisis from Obama, and the radical leftist in this country.
I hope we last two more years.
j-mac
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What exactly is it that "Obama, and the radical leftist in this country" have done?

From the same article:
Oil prices, which rose to a two-year high above $90 earlier this month, have been supported by rallying stock markets. Meanwhile, a strengthening U.S. dollar, which makes crude more expensive for investors with other currencies, has weighed on oil​
Are you giving Obama credit for rallying the stock market or strengthening the dollar too?
 
Simon W. Moon said:
What exactly is it that "Obama, and the radical leftist in this country" have done?

From the same article:
Oil prices, which rose to a two-year high above $90 earlier this month, have been supported by rallying stock markets. Meanwhile, a strengthening U.S. dollar, which makes crude more expensive for investors with other currencies, has weighed on oil​
Are you giving Obama credit for rallying the stock market or strengthening the dollar too?
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Of course not, any good that happens in Obama's first term are residuals from the Bush era...:2razz:
 
Simon W. Moon said:
What exactly is it that "Obama, and the radical leftist in this country" have done?

From the same article:
Oil prices, which rose to a two-year high above $90 earlier this month, have been supported by rallying stock markets. Meanwhile, a strengthening U.S. dollar, which makes crude more expensive for investors with other currencies, has weighed on oil​
Are you giving Obama credit for rallying the stock market or strengthening the dollar too?
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Drilling moratoriums and a lack of confidence in the private sector? The Obamacare bill has killed confidence in the private sector. Government mandated insurance is going to mean fewer people on the job, to keep the insurance bill down. It's going to mean that some small businesses are going to have to close the doors, all together.

How about the brilliant idea to double tax bonuses? Most folks don't realize that it wasn't just Bartholomew Tannehill III, that got a million dollar bonus for making 5 million dollars for his multi-national corporation that got hit with a double tax. It was also Joe Bob the stock boy at Winn Dixie that got a $200 Christmas bonus that got double taxed, too. That was pure genius! Unadulterated, economy driving genius, I say!!

Why can't people face the fact that the Obama presidency and the Reid/Pelosi Congress is a ****ing joke?
 
I'm fine with just continuing to buy high priced crude oil from foreign dictators. That's the only thing Americans can agree on.

We don't agree on drilling at home, and we don't agree on developing renewables and alternatives. So let's just send our money overseas.
 
UtahBill said:
Of course not, any good that happens in Obama's first term are residuals from the Bush era...:2razz:
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Shutting down drilling in the GOM is a residual from the Bush era? What about Obamacare? Bush signed that into law?

You must be talking about jacking up taxes on tobacco products and killing jobs in the tobacco industry. No, that was Obama.

Wait, Cash for Clunkers. Oh, that was Obama, too.

Oh, I got it...the trillion dollar stimulus spending that so far as paid for the study of dino eggs in China, deer underpasses, turtle tunnels, the study of Alaskan grandparents and the latest economy booming project is a study of how cow burps effect greenhouse gasses. Damn, that's Obama's doin's too.

Wich Bush residuals would you be talking about, exactly?
 
apdst said:
Drilling moratoriums and a lack of confidence in the private sector? The Obamacare bill has killed confidence in the private sector. Government mandated insurance is going to mean fewer people on the job, to keep the insurance bill down. It's going to mean that some small businesses are going to have to close the doors, all together.

How about the brilliant idea to double tax bonuses? Most folks don't realize that it wasn't just Bartholomew Tannehill III, that got a million dollar bonus for making 5 million dollars for his multi-national corporation that got hit with a double tax. It was also Joe Bob the stock boy at Winn Dixie that got a $200 Christmas bonus that got double taxed, too. That was pure genius! Unadulterated, economy driving genius, I say!!

Why can't people face the fact that the Obama presidency and the Reid/Pelosi Congress is a ****ing joke?
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right...so you blame the price of gas on obama, so surely you blamed our gas prices on bush when they were much higher, right? and can you explain how joe bob was double taxed?
 
Albert Di Salvo said:
I'm fine with just continuing to buy high priced crude oil from foreign dictators. That's the only thing Americans can agree on.

We don't agree on drilling at home, and we don't agree on developing renewables and alternatives. So let's just send our money overseas.
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It's called "sharing the wealth", right?:shock: That is an obscene thought when Obama says it about wealthy Americans sharing with other Americans, but it seems to be perfectly acceptable to share our nation's wealth with foreign countries.

When it comes to alternatives to oil, there are limits. It is easy to make electricity using all kinds of methods, but our primary transportation fuel, oil, only has one alternative, and that is natural gas. Natural gas is harder/more dangerous to transport/store than liquid fuels. There are serious infrastructure issues related to gas.

Currently there is only one thing we can do about oil and that is to use less of it, aka conservation....
 
UtahBill said:
It's called "sharing the wealth", right?:shock: That is an obscene thought when Obama says it about wealthy Americans sharing with other Americans, but it seems to be perfectly acceptable to share our nation's wealth with foreign countries.

When it comes to alternatives to oil, there are limits. It is easy to make electricity using all kinds of methods, but our primary transportation fuel, oil, only has one alternative, and that is natural gas. Natural gas is harder/more dangerous to transport/store than liquid fuels. There are serious infrastructure issues related to gas.

Currently there is only one thing we can do about oil and that is to use less of it, aka conservation....
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Nothing will be done to change the current inertia in energy policy.
 
liblady said:
right...so you blame the price of gas on obama, so surely you blamed our gas prices on bush when they were much higher, right?
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I'll blame Bush for high gas prices, if you blame Obama for high gas prices. However, Bush never passed any drilling moratoriums. The Democrats did.


and can you explain how joe bob was double taxed?
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Remember the extra tax on corporte bonuses? Yeah, they forgot to exclude Joe Bob's $200 Christmas bonus.
 
liblady said:
drilling isn't banned, anyway. we're just not expanding.
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There aren't any permits being issued. Sounds like a ban to me. Not to mention Obama inacted moratoriums in the eastern GOM and the East Coast. There's also a moratorium in ANWAR.

so what?
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So...the price of oil is going up in the middle of a depression. That's what.

We should be expanding, not only to keep gas prices down, but to create jobs.
 
apdst said:
How about the brilliant idea to double tax bonuses? Most folks don't realize that it wasn't just Bartholomew Tannehill III, that got a million dollar bonus for making 5 million dollars for his multi-national corporation that got hit with a double tax. It was also Joe Bob the stock boy at Winn Dixie that got a $200 Christmas bonus that got double taxed, too. That was pure genius! Unadulterated, economy driving genius, I say!!
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Do you have any additional information on this? The only additional bonus tax that I was aware is this

Wall Street should go light on big-bonus plans - Investment News

And let's not forget the failed attempt by Sen. Barbara Boxer, D-Calif., and Sen. Jim Webb, D-Va., early this year to offer legislation that would have imposed a one-time 50% tax on bonuses of more than $400,000 for employees at financial firms that received funds under the $700 billion Troubled Asset Relief Program.
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UtahBill said:
Infrastructure, bridges and hiways need repair, should we put it on a credit card?
Your bike looks familiar, do you post on VBN?
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I thought the stimulus was to fix the roads?

Don't know what VBN is. Just got the bike in October it is a 2011
 
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