Obama to Open Offshore Areas to Oil Drilling for First Time

Originally posted by David9176
reply to post by sos37

 

It would have been to battle cap and trade.

It makes sense to me....of course it's just my opinion.

Drilling won't happen for a long time...if it ever actually happens.

BTW....as soon as the news of this broke....Sarah Palin tweeted, "Drill Baby Drill"....but later in the day....she changed her tune and started the regular..."Obama is destroying the country mantra."



[edit on 1-4-2010 by David9176]

Well I don't know what to make of Obamas extreme socialism, I mean the socialism
involved in such a move...

As far as drill baby drill... The funniest thing (which you touch upon) is drilling is not a guarantee and certainly does not mean lower prices for "Americans".

Americans have been in control of some of the largest oil reserve on Earth since the
Liberation of Iraq and what did we get??? Anybody?

$5.50 gas

Not only did we "pay" to gain access to those resources, we paid a premium.
During the fog of elections, doom and gloom they made a move and WE were all too
busy to question the justification for the pricing that resulted.

Looking back I am surprised ATS did not come alight with protest during that period of gouging. You see if "private" industry levees a "tax" people accept it because
it is based upon the accepted status quo and freedomb. Never the less, that "tax"
was not questioned and looking back that whole gas fiasco preempted the
whole final destabilization of the economy. I am not sure how this socialism
fits in, all I know is the big picture is seldom what we are fed or convinced to think and feel.

Originally posted by David9176
reply to post by maybereal11

 

If the economy improves....gas prices will go up...and it will stifle any real economic recovery.

Remember how much gas was before the economic meltdown?

It was nearly 4.00 dollars a gallon...at least here in Michigan. It was breaking me at the time.

Yup, less money to go to those ARM mortgages and creditors - sort of set the stage
for the whole fiasco and ironically the shoe in of the great socialist marxist.

BTW it hit $6.03 here - you could be sure to be getting paid like you actually worked six hours a day based upon travel expenses for some. I agree in the end, they will raise prices as high as they can, when they can, why would they not?

reply to post by Janky Red


Right. We can thank Clinton for alllowing speculation on oil prices for it. (MORE WALL STREET SHENANIGANS!!!!!!)

Regardless...

We absolutely have to become self sufficient in energy. I think we can all agree on that. It's absolutely vital to our economy and to end these GOD FORSAKEN WARS!!!

I don't care how we do it...we just NEED to do it.....and with whatever we do...we work towards not destroying our environment. I don't want to live next to a coal factory...and I'm sure most of everyone else doesn't.

I have come to despise Wall Street so much....I simply don't understand why the rest of this country isn't demanding they be held accountable.

They are destroying our country for their own interests. This is why government is corrupt.

It's not Nazi's. It's not communists.

It's CORPORATIONS...they are sucking us dry...they helped blow up our trade laws....lower taxes....which THEY STILL get out of paying.

How much do people have to hurt before we demand they stop?

This is crazy.

Can someone tell me why the top 25 hedge fund players made 23 BILLION dollars last year?

news.yahoo.com...

PLEASE.

How in the hell is right?

This is complete BS.

reply to post by Janky Red


OPEC plays a surfing game. Raise prices as high as possible without destroying your customer. Economic collapse of the USA isn't in it's interests.

But with the current POTUS speaking of envirornmental regulations and alternative energy....bringing a little stress to the US economy as it beginis to recover seems a good strategy.

Make money while keeping Obama focused on the economy and a stressed US economy spends Obama's political capital that he needs to move us toward alternative energies. Maybe if they jack up gas prices the economy will not recover before 2012 and they can get themselves a new US Potus less interested in breaking the oil addiction.

They probably chuckled to themselves and said...what's he going to do about it? Drill off shore like his opponents have suggested...never, we are golden.

So what does he do?..
Drilling Offshore was his only short term choice. It is the only way we can push back on OPEC.....and pre-empt any insane price hikes this summer as the first fragile blossums of economic recovery start to become apparent.

Just my take on it.



[edit on 1-4-2010 by maybereal11]

Originally posted by maybereal11
reply to post by Janky Red

 

OPEC plays a surfing game. Raise prices as high as possible without destroying your customer. Economic collapse of the USA isn't in it's interests.

But with the current POTUS speaking of envirornmental regulations and alternative energy....bringing a little stress to the US economy as it beginis to recover seems a good strategy.

Make money while keeping Obama focused on the economy and a stressed US economy spends Obama's political capital that he needs to move us toward alternative energies. Maybe if they jack up gas prices the economy will not recover before 2012 and they can get themselves a new US Potus less interested in breaking the oil addiction.

They probably chuckled to themselves and said...what's he going to do about it? Drill off shore like his opponents have suggested...never, we are golden.

So what does he do?..
Drilling Offshore was his only short term choice. It is the only way we can push back on OPEC.....and pre-empt any insane price hikes this summer as the first fragile blossums of economic recovery start to become apparent.

Just my take on it.



[edit on 1-4-2010 by maybereal11]

LOVE it!!!

Would give you 15 stars for the out of the box thinking but can only give you 1,
great extrapolation which might be very true in the end.

reply to post by maybereal11


Makes sense to me. Whether OPEC will actually heed this as a warning, well, I guess we'll see. $4/gallon gas was breaking everyone. David is right - any economic recovery would be stifled by gas at that price - heck I think if gas gets to $3.50 with the current state of the economy people are going to be in worse shape than they were when gas was $4/gallon back in 2008. Right now we have, what 15 million Americans out of work and many, many more making obscene commutes just to bring in a paycheck.

reply to post by sos37


Yes. You are spot on. We are seriously vulnerable to a hike in gas prices right now. Everyone knows someone that is making a crazy long commute just to have a job. Any increase in gas prices will represent a very really decrease in take home earnings for a whole lot of people....at a time when we can't afford to take any steps backward.

I am suprised the general news media is not out in front on how vulnerable we are to gas price increases right now. If prices spike this summer it will be a serious gut-shot to the economy.

Ooooh I feel a new prediction coming on...better start thinking of the thread....Financial Collapse immenent!

The US economy will drop flat on its ass due to oil companies 'claiming' a shortage on oil reserves in an effort to speed up new drilling, speculators will jump on oil comodities spiking the price to $200 a barrel, and in the US price at the pumps will be $8 a gallon. Americans will pay the price, as they try to reduce their consumption.
As the economy slides and small and medium sized business that have been just holding on close up, then the foretold 'comercial property bust' that the 'experts' claimed was coming will have to take place, and will take center stage for the cause of the falling economy.
After the summer, oil speculators will dump their stocks, driving the price back down to the reasonable $60 a barrel, prices at the pump will get back down' to $3 a gallon, and the Fed will say we can't afford any bailouts for small medium sized business, but they will assume their property in bankruptcys.
I hate makin predictions...especially when they come true.