Posted on 02/14/2012 5:33:18 AM PST by Reaganite Republican
“Yes it is pandering just like the 40 % rollback of Obama’s policies on the first day in office. unrealistic. but good ideas”
Its not pandering at all. Rolling back executive orders can be done instantly and that is what Newt plans to do. Any agency that was created by an executive order (EPA) can be closed by executive order. Mitt and Rick cannot think of even one agency they can bear to part with. Newt will get rid of Dept of Energy and Dept of Educ for starters.
If you like the job Boehner and McConnell are doing you will love Romney and Santorum.
When we produce as much oil as OPEC.
Not sure why you would think I am a “Romney plant”?? But don’t let your emotions get in the way of fact, what I posted with regards to Refined Motor Fuel is absolutely 100% factually correct, If you really think I am a Romney plant, maybe you shouldn’t be taking bongloads at 5 in the morning or the least you could do is share with the rest of us. Now stick to the issue at hand, We do not need more Gasoline at this point in time, we have way too much and people are not buying gasoline at the rate we normally would see in a vibrant economy, that is why our EXPORTS ARE AT RECORD LEVELS (high) and our USAGE is ALSO AT RECORD LEVELS (Low). All of this can be verified with very little effort on your part, You do not even have to leave this site to find the answers but you must put the Bong down first and then actually open your eyes.
Are we really going to out produce Saudi Arabia, Iraq, Iran, Kuwait, Venezuela and the UAE? Plus all the non- OPEC countries like Russia, Norway and Mexico?
We are the number 3 oil producing nation in the world. We are also the number one oil consuming nation by a huge margin (3 times the consumption of China). Hence we also the number one importer of oil in the world by a huge margin.
We would have to double our production to reduce our imports to zero. Which means we would be producing twice what Saudi Arabia is producing right now. We would have to TRIPLE our production to equal just OPEC’s production.
That's true. But is that oil extractable at a cost which is consistent with $2 a gallon gas? I would need some convincing.
Gasoline prices did drop momentarily, as you note, down to $1.61 (I think I paid $1.49 at one point). We know how to do it — crash the world economy. Not sure that’s a good idea now.
Oil prices have to come down significantly to get to $2 gasoline. We could produce everything we know about in the U.S., and wouldn’t get $2 gasoline. In fact, if oil prices were low enough to get $2 gasoline, it wouldn’t be economically feasable to produce new oil in this country. Certainly not mile-deep deepwater wells in the gulf, or shale oil conversions in the midwest.
THe only way I can think of to get to $2 gasoline is if I take all my money and invest it in oil companies. Last time I invested in an oil stock, the price dropped to 95 cents. :-)
“But is that oil extractable at a cost which is consistent with $2 a gallon gas?”
How would you know if you don’t try it?
The shale oil is NOT the only source of energy unused in the US. If the drilling was freed from Obama’s diktats, hundreds of million barrels could be produced, making America independent of energy imports and who knows, one day even an energy exporter.
The free market will play its role. More American produced oil on the market will lower the gas price. Simple Simon.
I agree, however I would never promise that it would go down to $2, for lots of reasons already posted up-thread.
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