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new drilling effect on price of gasoline
fox&frinends ^ | 7/14/2008 | fox&friends

Posted on 07/15/2008 5:29:28 AM PDT by fatrat

i just watched the 2 new girly men on F&F agree that new drilling for oil would have no effect on the price of gasoline at the pump. Somebody needs to tell these two metrosexuals to keep their uninformed opinions to themselves.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: drilling; energy; foxnews; gasoline; gasprices; offshoredrilling; oil
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1 posted on 07/15/2008 5:29:30 AM PDT by fatrat
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To: fatrat

Spread the word - Contact congress today July 15th

Let them know how you feel about drilling

Drill or get off the hill

Pelosi email if anyone is interested sf.nancy@mail.house.gov


2 posted on 07/15/2008 5:34:29 AM PDT by mouse1
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To: fatrat

They need to invite Hillary Clinton to come on and explain the futures markets to them.


3 posted on 07/15/2008 5:34:32 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: fatrat

It could easily have “no effect” on the world price of oil, while at the same time substantially reducing the US price of oil. If we use our own oil instead of foreign oil, then that will improve the balance of trade and increase the value of the dollar, which will in turn reduce the price of oil to US buyers.

Not only that, but if we drill at ANWR or offshore, then the oil companies will have to pay a royalty to the US government, which will increase government revenue without increasing taxes.

It’s a win-win, and the guys who are trying to say otherwise simply don’t understand economics.


4 posted on 07/15/2008 5:35:41 AM PDT by Brilliant
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To: fatrat
Bunch of lemmings. This silly mantra of more supply won't reduce costs goes against every thread of logic and makes these goats look silly.

Get everyone to sign the American Sollutions, "Drill Here, Drill Now" petition.
Join the 1,333,011 people who have signed the petition.

5 posted on 07/15/2008 5:35:49 AM PDT by FreeAtlanta (Search for Folding Project - Join FR Team 36120)
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To: fatrat

Link just goes to foxnews.com. Is there a more direct link?


6 posted on 07/15/2008 5:36:42 AM PDT by VictoryGal (Never give up, never surrender!)
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To: Brilliant; fatrat

Someone needs to start asking the playback recorders, “if this is so, then why is gas free in Saudi Arabia and less than 50cents a gallon in many other major oil producing countries?”


7 posted on 07/15/2008 5:38:18 AM PDT by FreeAtlanta (Search for Folding Project - Join FR Team 36120)
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To: Brilliant

The price of diesel is more important than that of gasoline. The price of diesel always goes up with supply shocks or uncertainties. Domestic supply reduces both.


8 posted on 07/15/2008 5:40:17 AM PDT by steve8714 (If they leave you alone are you free or at peace?)
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To: FreeAtlanta
Someone needs to start asking the playback recorders, “if this is so, then why is gas free in Saudi Arabia and less than 50cents a gallon in many other major oil producing countries?”

They heavily subsidize it.

9 posted on 07/15/2008 5:40:38 AM PDT by Non-Sequitur
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To: fatrat

Tuned out of Fox News about a year ago. Once in a while I may tune in for a few minutes. After a few minutes I see why I tuned out. To call Fox News conservative is a joke. Maybe their conservative compared to MSNBC and CNN. However, they still lean left of center.


10 posted on 07/15/2008 5:41:29 AM PDT by Sprite518
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To: FreeAtlanta

You’re on the wrong board.

DU and KOS would be very receptive to your oil nationalization/massive government subsidy program.


11 posted on 07/15/2008 5:43:26 AM PDT by skipper18
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To: mouse1
"Drill or get off the hill."

I like that!
12 posted on 07/15/2008 5:45:10 AM PDT by FortWorthPatriot (No better friend, no worse enemy)
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To: fatrat
That would be the weekend hosts filling in for Steve & Brian...they are sooooooooo dull and uninformed. I heard Dave say that it would take five years.

How about the Fox Biz guy on the "service" segment...he said that young people join the military today for purely selfish reasons being that they only want to attack and kill militant Islamists. I hit rewind three times to make sure I heard that correctly.
13 posted on 07/15/2008 5:50:48 AM PDT by Miss Didi ("Good heavens, woman, this is a war not a garden party!" Dr. Meade, Gone with the Wind)
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To: skipper18; FreeAtlanta

While FreeAtlanta did not include the socialized subsidy in his or her point, the parallel point that was made is valid. OPEC countries have a lot of oil supply, and therefore they do have an advantage in keeping their own fuel costs down.

The fact that they are state-owned monopolies producing the oil was beside FreeAtlanta’s point, I think.

FreeAtlanta, feel free to correct me if I have misstated something.


14 posted on 07/15/2008 5:51:55 AM PDT by MortMan (Those who stand for nothing fall for anything. - Alexander Hamilton)
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To: fatrat

Vote with your remote.

Tune out FOX and unsubscribe, that’s what I did when FOX decided to backstab Duncan Hunter during the primaries and I don’t miss Rupert Murdoch’s morning blather one damn bit.


15 posted on 07/15/2008 5:52:15 AM PDT by mkjessup (Jimmy Carter is the Skidmark in the panties of American history.)
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To: fatrat
I solved the price of gas problem!

(Uh, switched to Diesel and drove the price of Diesel up...)

16 posted on 07/15/2008 5:52:46 AM PDT by Paladin2 (Huma for co-president! (it ain't over 'til it's over))
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To: FreeAtlanta

Venezuela heavily subsidizes the price of gas. They are in debt trillions of dollars to the World Bank for this skeem.


17 posted on 07/15/2008 5:53:21 AM PDT by EBH ( ... the riotousness of the crowd is always very close to madness. --Alculin c.735-804)
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To: fatrat

The point isn’t whether it will lower prices right away. It doesn’t take a genius or economic girly men to figure that out. Ask these people where we might be had clinton not vetoed the anwar bill. It’s a start and that’s all. We still have to get past the congressional ban on OSDrilling.


18 posted on 07/15/2008 5:55:41 AM PDT by InvisibleChurch (H2OLY: The chemical formula for holy water.)
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To: Non-Sequitur; skipper18
They heavily subsidize it.

Is it really all that heavily subsidized, or is it just less transportation, no import/export terriffs, huge local supply? I am sure the free Saudi gas is subsidized at least some, but I am also pretty sure that the fuel is a lot cheaper at the source. We need to make the US our source.

We will bypass terriffs, stop sending our treasure overseas, create local jobs, probably do a better job with environmental care, and most importantly reduce prices at the pump!

19 posted on 07/15/2008 5:56:12 AM PDT by FreeAtlanta (Search for Folding Project - Join FR Team 36120)
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To: EBH
Venezuela heavily subsidizes the price of gas. They are in debt trillions of dollars to the World Bank for this skeem.

They also give oil to Cuba and third world socialist/communist countries and support terrorism. I don't think supplying cheaper gas to their people gets them into as much debt as their support for FARC, Hamas, Castro, etc. That said, I am not promoting Government subsidies. I am promoting that products are usually cheaper at the source. We need to recreate ourselves at our own source.

20 posted on 07/15/2008 5:59:31 AM PDT by FreeAtlanta (Search for Folding Project - Join FR Team 36120)
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To: FreeAtlanta

“Bunch of lemmings. This silly mantra of more supply won’t reduce costs goes against every thread of logic and makes these goats look silly.”

Not that those babbling that drilling won’t reduce the price of gasoline have thought it through this far, but the new drilling and any resulting new supply will have to increase faster than new demand for crude. We have to improve the supply demand picture, knowing that demand will also increase along with supply.


21 posted on 07/15/2008 6:01:51 AM PDT by Will88
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To: InvisibleChurch

as i understand it, the congressional ban on drilling will expire at the end of September this year. i think that they will find it impossible to extend it but i hope they try because that should lead to lots of incumbents being thrown out by the voters. i think this was a part ot W’s strategy for coming out strong yesterday and lifting his ban.


22 posted on 07/15/2008 6:03:54 AM PDT by fatrat
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To: mouse1
Thanks for the reminder. I just sent this to the queen...

Pelosi...

  1. Explore for natural resources in the US. Open offshore and onshore areas that are now closed to exploration.
  2. Recover those natural resources
  3. Get the damn US Gov’t out of the way
  4. Do NOT tap the SPR. It is for critical national emergencies
  5. Stop blaming others. The fault lies squarely upon 40 years of obstructive Congressional actions and especially on the Democrat led Congress the past two years.
  6. Do not tamper with the futures markets. The markets create liquidity and provide critical price signals whether the participants take possession of the oil or not.
  7. Stop holding scores of energy hearings – they have not done ANYTHING constructive, ever. Just get you and your colleagues out of the way and let the private sector do its job
  8. Stop your whining, churlish and puerile behavior. Act like a mature grown-up.

23 posted on 07/15/2008 6:03:57 AM PDT by ProtectOurFreedom
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To: MortMan
Thanks MortMan. That is exactly my point. Besides having a new streamlined permit process, I don't want Government involved at all.

Well, I do want legistlation that would block the greens from sueing once the permit is granted. And, I would like there to be only 1 permit that is guaranteed to be approved/denied within 3 to 6 months. Also, if one national standard gasoline formula instead of the dozens of regional/seasonal formulas.

24 posted on 07/15/2008 6:03:57 AM PDT by FreeAtlanta (Search for Folding Project - Join FR Team 36120)
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To: Will88

Contact congress today July 15th
Lets flood them with calls and emails

Pelosi email AmericanVoices@mail.house.gov


25 posted on 07/15/2008 6:04:37 AM PDT by mouse1
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To: Miss Didi

don’t see a problem there. If i were a young man, i would consider joining for that exact purpose.


26 posted on 07/15/2008 6:06:18 AM PDT by fatrat
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To: ProtectOurFreedom

Just got an email from Pelosi
Unless I am in her district all email must be sent to

AmericanVoices@mail.house.gov

Lets flood this witch!!


27 posted on 07/15/2008 6:06:46 AM PDT by mouse1
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To: FreeAtlanta

“I am sure the free Saudi gas is subsidized at least some, but I am also pretty sure that the fuel is a lot cheaper at the source.”

The cost of producing Saudi oil is around $.50 to $2.00 per barrel. So, if the cost of crude is 70% of the cost of gasoline (in the news lately), then their gasoline is costing them very little. I think several of the Middle Eastern oil producers have to send their crude out of country to be refined, but their gas could still sell for $.50 per gallon or less without much subsidy. (Unless the cost is being inflated by all sorts of useless middle men taking their cut.)


28 posted on 07/15/2008 6:09:18 AM PDT by Will88
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To: fatrat

He said it was for pure selfish reasons. I don’t agree.


29 posted on 07/15/2008 6:09:24 AM PDT by Miss Didi ("Good heavens, woman, this is a war not a garden party!" Dr. Meade, Gone with the Wind)
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To: fatrat

So no opinion other than your own should be allowed? I think you are fast approaching the liberal mindset with that kind of thinking.


30 posted on 07/15/2008 6:11:32 AM PDT by SengirV
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To: FreeAtlanta

http://www.cafepress.com/drillnow

http://www.AmericanSolutions.com

Join the 1,333,548 people who have signed the petition.

31 posted on 07/15/2008 6:11:52 AM PDT by Tatze (I'm in a state of taglinelessness!)
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To: EBH

Venezuela paid off its World Bank debt. It owes the WB nothing. Total debt is in the trillions of bolivars, not dollars. I think that’s about US$7.98.


32 posted on 07/15/2008 6:12:17 AM PDT by MARTIAL MONK (I'm waiting for the POP!)
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To: Sprite518

I tuned out prior to that because they turned in the Natalie Holloway, Britney, Paris, famous/infamous/exploited/victim white girl news channel.


33 posted on 07/15/2008 6:15:01 AM PDT by SengirV
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To: EBH

That is billions of dollars, $26.5 billion to be close. http://www.venezuelanalysis.com/news/1640 I don’t put much stock in anything posted by Venezuelanalysis but I do know they are within a couple of billion.


34 posted on 07/15/2008 6:16:41 AM PDT by WellyP (How much does Huma know?)
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To: Non-Sequitur

They heavily subsidize it.


When you produce more than you consume theres no need to subsidize.


35 posted on 07/15/2008 6:17:57 AM PDT by Graycliff (Long haired freaky people, need not apply.)
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To: mouse1

Some enterprising soul should start producing “Merry Christmas” cards “from the dims”. Like: “Sorry My Child. No Christmas Presents This Year. Not Even A Lump of Coal In Your Stocking. The Only Thing Santa Could Afford This Year Was This Card With A Picture Of The Speaker Of The House, Nancy Pelosi. Merry Christmas”...


36 posted on 07/15/2008 6:18:22 AM PDT by LRS (I want an oil glut!)
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To: fatrat

“Digging for diamonds won’t lower the price of diamonds so - despite the fact that you have diamonds on your property - you shouldn’t dig them out. Instead, when diamonds are at an all time high, buy your diamonds from a foreign source. Export as much money as humanly possible so that foreign entities can buy up U.S. landmarks like the Chrysler building (and the mortgage on your house by bailing out banks).

“While you are busy exporting trillions of dollars to buy diamonds, work hard to make diamonds obsolete through new technology. That way, all of the potential trillions you have in diamonds of your own eventually becomes worthless as you let them rot in the ground.”

BRILLIANT!

(I’ll just keep repeating this analogy until it someone other than the addressee reads it and catches on. ;-))


37 posted on 07/15/2008 6:18:49 AM PDT by bolobaby
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To: FreeAtlanta

Is it really all that heavily subsidized, or is it just less transportation, no import/export terriffs, huge local supply?


They simply produce more than they consume. Giving them the luxury of setting a domestic price. I remember when we had that luxury.


38 posted on 07/15/2008 6:23:42 AM PDT by Graycliff (Long haired freaky people, need not apply.)
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To: SengirV

opinions are great so long as they are not presented as news. Fox and Friends is supposed to be a news show. if they want to state their opinions they should specify that they are their personal opinions and not a fact or news.


39 posted on 07/15/2008 6:24:41 AM PDT by fatrat
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To: Graycliff

??? What on earth are you talking about??? US traditionally produced more grain than we consumed and it was in part because we did subsidize it. If you could sell something for $140 on the open market and your cost was $2 and you gave it away, did you subsidize to tune of $2 or $140? economic answer = $140.


40 posted on 07/15/2008 6:26:11 AM PDT by Rippin
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To: mouse1
Sent the queen 3 emails. Here is her reply.

Thank you for contacting my office.

Congressional courtesy prevents me from replying to emails if I cannot determine that you are a constituent of mine.

If you are not a resident of California's 8th Congressional District and are contacting me in regard to my role as Speaker, please email me at AmericanVoices@mail.house.gov.

If you are a resident of the 8th District of California, please contact my office in Washington, DC at (202) 225-4965 to be added to our database.

So here's her phone # as well.

41 posted on 07/15/2008 6:28:34 AM PDT by neal1960 (This space for rent.)
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To: fatrat
i didn't know that ... thanks for the info... maybe there's hope after all

: )

42 posted on 07/15/2008 6:33:33 AM PDT by InvisibleChurch (H2OLY: The chemical formula for holy water.)
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To: bolobaby

Just sent the diamonds comparison to my senators. I from Wisconsin so who knows if it will sink in how ludacris it sounds.

Flood congress and Pelosi today with your calls and emails
DRILL OR GET OFF THE HILL

AmericanVoices@mail.house.gov


43 posted on 07/15/2008 6:35:56 AM PDT by mouse1
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To: Miss Didi

First, of the fill-in duo, and I don’t know their names, the guy on the right side of the screen seems pretty conservative to me. Second, Jonathan Hoenig is the guy from the business channel. He is one of the most, if not the most, conservative on the business panels. Good guy.


44 posted on 07/15/2008 6:37:38 AM PDT by Bushbacker1 (Kill 'em til they're dead, then kill 'em again!)
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To: fatrat
Just saw this on lonestartimes.com. Sometimes simple graphics are the most powerful.


45 posted on 07/15/2008 6:38:24 AM PDT by mnehrling
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To: fatrat

Arnold Schwarzenegger turned out to be the biggest girly man of them all.

sheesh, it makes me wonder if his lovely wife has chopped off his (what jesse said)


46 posted on 07/15/2008 7:01:34 AM PDT by Carley
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To: Miss Didi
That would be the weekend hosts filling in for Steve & Brian...they are sooooooooo dull and uninformed. I heard Dave say that it would take five years.

How about the Fox Biz guy on the "service" segment...he said that young people join the military today for purely selfish reasons being that they only want to attack and kill militant Islamists. I hit rewind three times to make sure I heard that correctly.

That would be Jonathon the Biz News guy. What a jerk. I shut off the TV and went out to inspect my roses as a result of that comment. Later my husband (who had missed Jonathon's comment) shut off the TV again because of the uninformed twerps with Gretchen.

47 posted on 07/15/2008 7:23:46 AM PDT by afraidfortherepublic
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To: Brilliant
I keep thinking that OPEC would not like us to start drilling again. After all they do have a lock on the oil market. The last time that we considered drilling, back in the seventies, the threat of our drilling our own oil forced OPEC to lower the price of their oil. But when the price of gasoline became reasonable again America forgot about drilling and shelved the program. Unfortunately we just don't learn anything.
48 posted on 07/15/2008 7:25:12 AM PDT by ANGGAPO (LayteGulf BeachClub)
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To: mnehrling

I liked something I saw here. It works.

This is what I sent to each of Colorado’s Senators, individually.

Senator Allard, Senator Salazar;

Six words for each of my Senators...

Drill, or get off the hill!

Thank you

Rick Donaldson


49 posted on 07/15/2008 7:43:46 AM PDT by Rick.Donaldson (http://www.transasianaxis.com - Please visit for latest on DPRK/Russia/China/et al.)
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To: afraidfortherepublic; fatrat; Bushbacker1; Trueblackman
Since I'm getting different feedback about this morning...from what I have been able to stand of the weekend crew, I can't tell what Dave and Clayton's political views are because they don't seem to be that informed or too deep thinkers. They try to be funny (which they are not) and just read the teleprompter repeating talking points.

As for the "good guy" Jonathan, I thought that comment was an insult to our military. He said they only join to attack and kill and for purely selfish reasons. I found that outrageous.

While I'm at it, applause to FReeper "Trueblackman" for exposing Barry this morning and calling him a Marxist. Great job! And also to Gretchen who smacked down Dr. Marc Lamont Hill after he said that Barry was always in the center. She replied--he has the most liberal voting record in the Senate.
50 posted on 07/15/2008 7:58:22 AM PDT by Miss Didi ("Good heavens, woman, this is a war not a garden party!" Dr. Meade, Gone with the Wind)
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