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Restricting Supply To Boost Prices
IBD Editorials ^ | April 9, 2012

Posted on 04/09/2012 5:57:47 PM PDT by Kaslin

Energy Policy: The administration claims there's no "silver bullet" to lower gas prices and that they've kept rising in the face of higher domestic production, as if the law of supply and demand has suddenly been repealed.

It hasn't, and increased production on private and state lands doesn't blunt the impact on prices when 94% of federal onshore lands and 97% of federal offshore lands are off-limits to oil and gas drilling.

A key factor in gas prices is and always has been future supplies and potential disruptions to those supplies.

Another is the fact that we are the only major nation to deliberately limit domestic oil production even as war clouds and unstable governments place foreign sources in jeopardy.

We saw the effect of supply on oil and gas prices when oil prices fell by $2 a barrel overnight on a mere rumor that the U.S. and Britain might jointly tap their reserves.

On Monday, oil prices fell 2% as revived talks on Iran's nuclear program eased fears of supply disruptions. Imagine the effect on oil and gas prices tomorrow if President Obama opened all federal lands and our vast reserves to oil and gas drilling.

After a brief rise in offshore oil production thanks to Bush administration policies, domestic production on federal lands has declined under Obama by 275,000 barrels per day from its 2010 peak and by 17,000 barrels a day since he took office in January 2009, according to a Congressional Research Service report.

The Institute for Energy Research reports that crude oil and lease condensate production on federal and Indian lands is 13% lower than in fiscal year 2010.

(Excerpt) Read more at news.investors.com ...


TOPICS: Editorial
KEYWORDS: drillbabydrill; drilling; gas; gasprices; ibd; ibdenergy; keystonexl; pipeline

1 posted on 04/09/2012 5:57:53 PM PDT by Kaslin
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To: Kaslin
And that is BHO's energy policy.

1. Strangle domestic drilling.

2. Kill the Keystone XL pipeline.

It is a simple policy, restrict supply and watch the price increase. He is simply destroying American wealth and America itself.

If he gets another four years, there will be a depression in 2013 and a total financial collapse in 2014.

2 posted on 04/09/2012 6:07:29 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: Former Proud Canadian

Energy supply and demand are one of the main focuses on prosperity of any nation! This President seems determined to destroy this normal equation simply to pacify the feelings of our wonderful environmental groups. Leftist attitudes all.

If you want America to succeed, you have to provide a long term energy plan (NOT green energy - that is decades away at best) that includes using the energy available today while working toward a better alternative. This President is too caught up in the leftist views to have any positive effect on energy policy. He will at least help us toward poverty by his crazy spending with green industries.

Get him out of office for the good of America!


3 posted on 04/09/2012 6:18:32 PM PDT by Deagle (nOT)
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To: Former Proud Canadian
Don't worry about it. Restricting oil supply could never reduce availability and raise prices thereby reducing usage. Only our horrid carbon footprint will be reduced.

That's why we should have no concerns about recent federal programs to buy up lots of ammunition. There will still be plenty for all who don't want to use firearms. /s

4 posted on 04/09/2012 6:22:55 PM PDT by DanMiller (Dan Miller)
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To: Former Proud Canadian

and that same policy that you outline makes Arab oil sheiks richer. Coincidence that he bows to the king of mecca?


5 posted on 04/09/2012 6:38:02 PM PDT by xzins (Retired Army Chaplain and Proud of It! Pray Continued Victory for our Troops Still in Afghan!)
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To: Deagle

Yes, yes, yes, yes and yes, I think.


6 posted on 04/09/2012 7:05:56 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: Kaslin

Collusion on price fixing? Thought the feds shut a lot of places down for this kind of crap.


7 posted on 04/09/2012 9:41:23 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: Former Proud Canadian
It is a simple policy, restrict supply and watch the price increase. He is simply destroying American wealth and America itself.

There's more to it than that.

High prices finance our enemies. Carter effectively financed the great Soviet buildup of the '70s by restraining supply. Reagan killed the Soviet Union by exactly the same mechanics in deregulating supply.

High prices are a payoff to the same oil and gas investors who fund the environmental move-mint. It gives them a stranglehold on the economy to force funding their other investments.

8 posted on 04/09/2012 11:59:40 PM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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To: DanMiller

Yes, and why should you drill now, you won’t see that oil for 5 to 10 years.


9 posted on 04/10/2012 4:40:59 AM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: Carry_Okie

I agree about the financing your enemies. I think you are getting a little out there with your second point.


10 posted on 04/10/2012 4:42:27 AM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: Kaslin

-——oil prices fell 2% as revived talks on Iran’s nuclear program eased fears-——

I doubt that statement. There is no support provided to link the cause and effect of the two events


11 posted on 04/10/2012 4:50:34 AM PDT by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: Kaslin

I would bet people may very well form car pools using a van hauled by a team of mules soon.
Funny thing is Obama truly thinks he can manipulate America like a cowboy using firecrackers to herd cattle.

But in the end all he is doing is supporting the mother of inventions. Already people are inventing ways to get around the high fuel costs and NOT buy using the Obama grand scheme of cronyism “GREEN” affiliations.


12 posted on 04/10/2012 4:56:00 AM PDT by Eye of Unk (Liberals need not reply.)
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To: Nachum; markomalley; Clairity; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

Energy independence ping


13 posted on 04/10/2012 6:06:57 AM PDT by raptor22 (Join me on Twitter @gerfingerpoken)
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To: Kaslin; raptor22; Former Proud Canadian; Deagle; DanMiller; Secret Agent Man; Carry_Okie; bert
It's all explained here :

An Obama Supporter explains High Gas Prices and Green Energy

14 posted on 04/10/2012 6:13:36 AM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: Kaslin; raptor22; Former Proud Canadian; Deagle; DanMiller; Secret Agent Man; Carry_Okie; bert
It's all explained here :

An Obama Supporter explains High Gas Prices and Green Energy

15 posted on 04/10/2012 6:14:00 AM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: Kaslin

My electric provider calls it “leveling of sales variations”. Consumers use less and the company treats it like a loss and charges more to make up for the “loss”.

http://www.freerepublic.com/focus/f-news/2854757/posts

So much for the law of supply and demand.


16 posted on 04/10/2012 6:53:05 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Former Proud Canadian
I think you are getting a little out there with your second point.

Then it's time that you came out into the light.

17 posted on 04/10/2012 6:54:44 AM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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To: sickoflibs
It's all explained here :

Totally superficial treatment. See the link at post #17.

18 posted on 04/10/2012 6:57:41 AM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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To: Carry_Okie
Here in Maryland the Dems in charge :

1) passed a law manadating that a fixed % of our electricity come from solar, which will create more green jobs in China.

2) passed a law mandating that public schools teach and require a course on Man Made Climate change for graduation. (just as that video I posted points out at the end, creating 'global citizens' tolerant of certain specific behaviors but not others.)

19 posted on 04/10/2012 7:39:37 AM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: DanMiller
That's why we should have no concerns about recent federal programs to buy up lots of ammunition.

Off topic here, but why are they buying hollow point ammo? The Geneva convention has banned the use of hollow point bullets in war. Is our current leadership violating the Geneva convention and who are they intending on using the 340 million bullets on?

20 posted on 04/10/2012 8:13:02 AM PDT by thirst4truth (www.Believer.com)
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To: sickoflibs
Let's get you thinking clearly: Why did the Rockefeller family (Exxon Mobil) found the Environmental Grantmakers Association?

Why did the British Royal family (BP) and Prince Behrnhard of Holland (Shell) found Greenpeace? How about the International Union for the Conservation of Nature and Natural Resources?

Why are the biggest donors to the Natural Resources Defense Council principally oil and gas investors (Pew (SUNOCO), Jones (Citgo) and Rockefeller (see above))?

This is fascist mercantilism writ large.

21 posted on 04/10/2012 8:29:01 AM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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