Posted on 04/05/2014 6:51:12 AM PDT by Rusty0604
But, but Soros has suggested that we sell our petroleum reserves to lower the price of oil! And legalize pot! That will fix everything!
What was your 50th clue? (;>
LOL, made me laugh out loud and cause my Grand-daughter to see what I was laughing about.
I didn’t tell her; she’s only eight.
We have enough natural gas to prevent Russia from using theirs to strong arm Europe. All you need to know is that the Saudis are panicking over fracking in this country, the huge potential and the repercussions for the world market. We’re on track to stop importing 25% of the worlds oil. That’s a huge amount to be left in the market. Even with other country’s growth it still means an over supply and eventually lower prices. One analyst is predicting oil in the $20 range simply because of the massive supplies we’re developing.
We have the potential to destroy OPEC. If you thought the cheating within OPEC was a problem before, you haven’t seen anything.
By exporting LNG we’ll also affect the market for oil. It’s all good. We do need slightly higher prices to encourage more drilling.
I agree that this is the position we have been brought to by feckless leadership, but why should individual countries have to fear us if they decide not to use the USD?
That makes it sound like the USA is a mafia bully .... use our dollar or something bad might happen to you on the way home from the market.
I see no reason why the world’s countries SHOULD HAVE TO use our dollars if it doesn’t make economic sense for them to do so.
Should we be threatening other countries over this?
I’m sure on Obama’s recent trip to Saudi he reassured them he is doing everything he can to stop fracking and the pipeline.
If other countries aren’t forced to use our dollar, the liberals here won’t be able to sell as much debt to finance their social agendas.
Exactly.
We should be using our energy to retool our manufacturing base and rebuild so that we can be self sufficient in other ways in addition to energy.
I can’t understand why people just want us to make the fastest buck we can on energy now that we might desperately need later or could sell for a much higher price later.
It’s like eating your seed corn.
That’s true. But liberals are not the only ones who believe is spend, spend, spend. They just spend it on different stuff.
Post of the day! ( you gotta admit his sex life sounds pretty exotic Or at least extra- terrestrial ?)
I don’t think that went as well as the Saudis expected. Obama pointedly wasn’t invited to stay for dinner. Drilling for natural gas has been going on for a long time. What the Saudis apparently didn’t note is that it’s not on federal land and the companies comply with regulations. The feds can’t do squat. Capitalism is merrily and greedily involved in the usual money making that will eventually drastically affect the price of oil.
When the world loses its largest buyer of oil because it’s become independent, it’s a game changer.
Not exactly. We’re in the situation of having so much seed corn we’re hampering the effort to grow more. Why grow more seed corn when your storage is over flowing?
The huge over supply of natural gas and the consequent low price have stopped drilling in some areas. Many are only drilling wells in areas where the wet gases that accompany natural gas such as propane, butane, ethane and pentane is sufficient to be profitable because the natural gas price is too low to be worth while drilling.
US dollars are made in Italy by fiat.
Maybe if the ‘stimulus’ had been spent on public works like city to city maglevs, a robust continental electrical grid, mission to moon, mars, and beyond, etcetera we’d still be fostering our industries. The problem was with the feminists, too many jobs for burly men because, speaking for the women, the did not want to be pushing shovels for the money, just the checks please.
ODumbA$$ threatening someone again? Drawing another red line in the red dirt? There is not one nation on earth that is afraid of ODumbA$$ and the USA today. They all know that he will only send in the Homo Brigade of Pink Fairies to fight with purses and high heels. It makes me sick to think that the United States military that I once served in, loved and supported has been turned into the Homo Brigade. Makes me sick to my stomach. This Pink Brigade is the very reason that America will fall. They will be too worried about having their panty hose getting a run in them than defending the Republic.
To put the remark by Cheney into context, he said that back when it was only a couple hundred or so billion. Still too high, but manageable.
But if left in the ground is security in the future. You don’t have to spend it RIGHT NOW.
We can get it later when we it’s likely more valuable , or we can use it to fund or fuel (literally) future capital improvements.
If we are just converting energy into more fiat currency, what good is that doing us in the long run?
And you don`t think that could backfire into an absolute hatred for, and international move to dump the petrodollar? Especially if the Russo/Chinese alliance calls that bluff with their new carrier killer weapons?
You can either allow Middle Eastern countries to maximize their income and use the excess cash flow to sponsor terrorism and pursue nuclear weapons while allowing Russia to use it’s excess cash flow to modernize its military while using aggressive actions against neighbors or get out of the way and allow capitalism to stop all of the above without spending a dime of taxpayer money. One leads to a better future by using LNG as an economic weapon. The other leads to a much more risky future.
Choose wisely.
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