Posted on 03/30/2011 3:39:12 AM PDT by tobyhill
$10 a gallon gas should just about do that!
He really is trying to bankrupt this country.
This idiot has to go.
America must have a goal of reducing Obama...... he is destroying the nation
“You might want to explain what the word “we” is in your statement. Of those 52%, how many are US owned and operated companies. Better yet, why do “we” have to supply the rest of the world?”
Oil and gas are sold on an open market and while the vast majority oil and gas produced in the USA is sold and consumed in the USA, there is some that is exported.
See: Free Market
“52% are drilling or pumping? Then if they are pumping, then how much of the current production around the world is being pumped by those 52%? Oh boy, numbers games!”
Not a numbers game at all. We got to drill before wells are put into production. And of the 1738 rigs in operation in the USA today, some of those will never produce, some will be be put into production immediately and others will be capped and will be put into production when oil reaches $150.00 a barrel.
“brew billions of gallons of biofuels”.....In this case, investing in farm land will be your only hedge against a $20.00 (or more) box of corn flakes.
LLS
Does that include imports from Brazil? sarc/
“Sorry to burst your buble, but we are not drilling for oil here.”
If we were not drilling for oil in the USA today, I would be out of a job or I would be back working in the Middle East or Africa.
But, with more than 1738 drilling rigs working at this very moment in the USA, there is plenty of work.
” and others will be capped and will be put into production when oil reaches $150.00 a barrel. “
Can someone explain to me how this is supposed to work to our benefit?? If we can’t afford $150/bbl Saudi oil, how is $150/bbl oil produced here more affordable??
Oh - if we uncap those wells, then the prices go down?? So the wells are no longer profitable, and the caps go back on - net, no gain....
Baker Hughes North American Rig Report for 3/25/2011
http://files.shareholder.com/downloads/BHI/1207876844x0x454317/C9174034-FC86-448E-B4C1-0114A3E72243/na_charts_032511.pdf
“America is not drilling off the east coast...” “not drilling off the coast of California”
Actually, there has been no drilling off the east coast or California since 1981 when the president and congress instituted the Offshore Drilling Ban. That drilling ban was renewed each and every year for 29 years.
And yes the permitting process for the Gulf should be expedited.
“and they are not drilling off the coast of California or in Anwar... this is where the oil is and your premise ignores those facts.”
And while Anwar Sadat has been dead for almost 30 years, I doubt that he has yet to decompose into hydrocarbons.
As for domestic drilling, there is plenty of work right here in the USA.
It is very busy in many of the shale plays.
I am getting a truck haul facility built in South Texas because the drilling is going faster than the pipelines can get built.
If it was you business to sell widgets, would you rather sell your widgets at $100.00 today or $150.00 in the near future?
” If it was you business to sell widgets, would you rather sell your widgets at $100.00 today or $150.00 in the near future? “
And what good does warehouses full of $150 widgets do me, when there’s no one willing or able to buy them at $150??
Or did Congress repeal the Law of Supply and Demand while I wasn’t looking??
The enviro-wackos will say it is not enough.
—
My favorite term: enviro-wackos.
According to them, the Fall of Man was when Paleo-Amerids began using the horse instead of walking - a state the enviro-wackos would like to see return ... for most everybody, except themselves ...
Fidel reduced Cuba's dependence on energy.
Pol Pot permanently reduced Cambodia's carbon footprint.
Stalin reduced Soviet consumption of fossil fuels.
I'm confident that Obama will, if we give him a chance, do for America what his heroes have done for their countries.
In 2008 you bought those widgets for $150.00 and I’m sure you will again be willing to pay $150.00 for those same widgets in 2011.
I’m not exactly saying that E&P companies will choke off supply to inflate price as no one company drilling in the US would have the power to do that. However, there are infrastructural and logistical issues that take a while to resolve and anticipation of a higher price may encourage some not to expedite that process.
I can see it now; Barack Obama, leaving Americans stranded.
—
Further down the road is a proud eco-warrior driving his electric car into the electric power up station only to see a sign reading, “No Power Today or Tomorrow” ... across the street is a coal-fired power utility with a sign reading, “Closed by Federal Order” ...
” In 2008 you bought those widgets for $150.00 “
Didn’t something else happen in 2008?? What was it - it’s right on the tip of my tongue??
Oh, yeah - financial collapse, wasn’t it??
(No, I’m not saying that oil/fuel prices ‘caused’ the collapse - but the case can be made that they were one of the triggering factors..)
Don't fall for the line that obama is losing support among his base. He is not. Why? Because they hate America more than they are dislusioned with him. Come election time, he will have them back in his camp.
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