it's spelled SCHWULER!!!
(Schwuler = Fag in German)
Posted on 02/26/2012 6:37:45 AM PST by tobyhill
Fixed.
I guess Chucky Skeemer missed the report last week that S. Arabia was considering cutting its oil output.
MEMO to Chucky: Take a bath in the pond scum you and your idol wish to promote as an alternative energy source.
it's spelled SCHWULER!!!(Schwuler = Fag in German)
Barak is mean to the jews. I can see the saudis helping himout.
maybe if he andBozo bow to the saudi king.
Now he begs the Saudis to pump more oil, as he realizes the GOP needs only 4 Senate seats to strip him of his Financial Chairmanship - his lifeline to Wall Street cash. And high gas prices would likely gain the GOP 6 or 7.
Democrat PANIC. It's a beautiful thing!
I wish it could be that simple. To just change a word and double domestic production. But the facts are, if we were even able to double domestic production, it would not be enough to meet the demand.
We could triple the number of drilling leases and rigs and after a period of 5 years has passed, we would still be needing to import half of what we use. Our oil reserves here, are grossly over stated.
The recovery rate and the infrastructure to transport it, plus the cost to produce it, cannot even come close to what is being produced in foreign countries.
/sarc
I don’t get it. Business is way down, so people aren’t driving as much, and burning as much oil. Iran quit sending oil to some of it’s customers, so there should be more elsewhere if it’s not going to where it used to go. Oil inventories are reportedly as full, but the price is going up. wt*? What’s going on w/oil prices is not going to last, IMHO.
You beat me to it...
Our own oil.
Commodities rarely participate in a free economic market as do manufactured widgets.
If one had a business where profits go up if production is reduced, because it creates shortages, would I be in a hurry to increase production because of what the politicians or the public wants?
Once the upward rise in price starts, it goes up even faster because the trend is the friend of investors and speculators will buy futures contracts of the product increasing demand. The reverse works too as it did with gold in the early 2000s when the miners sold their production forward to keep their head above water and maintain the POG.
If I sound like a cynical SOB it’s because I am. I’m not unconvinced that the situation to maintain tight supply in oil hasn’t been helped along for the last 10 years, from the Iraq War, Arab spring, Libya and now Iran. If some entity had the ability to make hundreds of billions off of world situations by creating shortages, would it happen?
But Obama, the democrats and the EPA won't let us get to our own oil , our own resources and they won't let us even manufacture our own products. So we are dependent on Muslim countries for oil and on China for everything else .
http://www.tampabay.com/news/perspective/next-up-for-fracking-oil-fields-in-america/1213696
It's madness that we depend on these people for our oil when we have endless supply of shale oil, oil under shale, oil , natural gas , coal, nuclear etc. But Obama won't let us use any of it. Palin was right “Drill baby Drill”.
Vote this marxist Obama and his EPA out of office.
No, Schmuckie, a Saudi oil boost would NOT calm markets because as soon as the Saudis increase oil production Ben Bernanke would print up a new batch of money and it would negate the tiny amount of oil that the Saudis could produce.
Schmuckie, if you want to boost oil supplies you need to tell Ken Salazar to open up more US land for drilling which would allow for the money spent on foreign oil to stay in America.
The treat of instability in the Middle East is also causing many countries to begin stock piling a reserve through out the World. You are mostly relating to things as they appear in the USA.
If and when this thing in Iran, etc, erupts, you will be wishing for the days when you “only” had to pay $4.50 per gallon.
RUSH:
They also say that the United States only has 2% of the world’s oil reserves. With fracking, it is now established that we have what could be the largest deposits of oil in the world. This 2% business, they use that because when you say that we only have 2% of the world’s oil reserves, people think, oh, you want to get 2% of the world’s oil in the ground. No. That’s not what reserves means. They pointed it out at Power Line. Reserves, the definition of reserves, is controlled by securities law, not geology. Oil isn’t counted as part of our reserves unless it’s legal to extract it and economic to extract it. What it means is only 2% of what we got can we legally go get. That what we have we can’t legally go get because of Democrat policies. That’s what it means.
http://www.rushlimbaugh.com/daily/2012/02/24/we_need_a_pond_scum_czar
The real irony of it is his state is rich with Shale Gas.
Tangent to this is a plethora of advances in the drilling and extraction arena and application tech, i.e. LPG for Auto and Trucks.
These forces could literally be a paradigm changer and like the information age, we could have the Nat-Gas age and it could occur within States like NY, where it becomes energy independent as a State, and Chucky Baby will be sitting their with his fingers in his ears and never had a part in making it a reality. What a Putz..
RUSH Limbaugh:
“They also say that the United States only has 2% of the world’s oil reserves. With fracking, it is now established that we have what could be the largest deposits of oil in the world. This 2% business, they use that because when you say that we only have 2% of the world’s oil reserves, people think, oh, you want to get 2% of the world’s oil in the ground. No. That’s not what reserves means. They pointed it out at Power Line. Reserves, the definition of reserves, is controlled by securities law, not geology. Oil isn’t counted as part of our reserves unless it’s legal to extract it and economic to extract it. What it means is only 2% of what we got can we legally go get. That what we have we can’t legally go get because of Democrat policies. That’s what it means.
http://www.rushlimbaugh.com/daily/2012/02/24/we_need_a_pond_scum_czar
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