Obama announces new oil drilling

Originally posted by Judge_Holden
reply to post by mishigas

 

Even bad presidents can make good decisions. When credit is due, it should be given.

But if he'd made it earlier - BEFORE gas prices got this high ...

But if he hadn't imposed a moratorium on drilling at all ...

But if he hadn't picked as energy secretary someone who said $10 a gallon gasoline would not bother him at all.

But if he hadn't given Brazil (yet another foreign oil supplier) a bunch of money and said "you drill" to them while saying no to his own country ...

See the pattern yet? Everyone else does ...

reply to post by centurion1211


What makes you think I don't see a pattern? Notice how I stated the fact that Obama is a "bad president."

Does he not at least deserve some (notice I am emphasizing some) credit for coming to his senses and making a logical reversal in thinking? If not, then I guess we will just have to agree to disagree.

Originally posted by Rockpuck
reply to post by mishigas

 

Well we all know supply has nothing to do with oil prices.. so oil prices shoot through the roof and in less than 3 months the "green" president provides land leases to oil companies to exploit further resources..

Conspiracy?

I'd say so.. It's amazing to see that this supposed "green" president is apparently the secret mistress of the oil giants.

Yup, it is very interesting, Obama plays a long game...

if something isnt done and soon we are screwed.

back when i first got my license i was paying 89 cents a gallon that was around 20 years ago

imagine what you will be paying 20 years from now if nothing but the status quo remains.

the sooner we get off oil the better but that day will never come for many of us.

Originally posted by Judge_Holden

Does he not at least deserve some (notice I am emphasizing some) credit for coming to his senses and making a logical reversal in thinking? If not, then I guess we will just have to agree to disagree.

Depends on the reason for obama changing his mind doesn't it?

If he changed his mind because someone told him he'd lose the election if he didn't (the most likely reason), then it's pretty hard to give him credit for anything except looking out for himself.

This is good news. I have penny stock in oil companies which have offshore drilling rights on the continental shelf in California.

Should go through the roof once they start drilling

Originally posted by neo96
if something isnt done and soon we are screwed.

back when i first got my license i was paying 89 cents a gallon that was around 20 years ago

imagine what you will be paying 20 years from now if nothing but the status quo remains.

the sooner we get off oil the better but that day will never come for many of us.

Will you Americans quit whining about the cost of your gas. Even at $5 a gallon you still have some of the cheapest (if not THE cheapest) in the Western World. In Canada, we're over $6 already, in Europe, many countries are paying over $10.

You use 25% of the world's oil, but have 5% of the world's reserves. Simple supply and demand, Economics 101. You use a large amount of a finite substance that you have to import, expect to pay more for it.

You're already paying under the odds. Expect at the bear minimum to be bought in line with what the rest of the world is paying for their gasoline. Quit whining about having some of the cheapest gas going.

reply to post by babybunnies


tell that to those americans who food prices go up and everything else prices go up.

maybe europeans and canadians dont care about every dollar and cent they make

but here in america everything counts.

dont like what some people say stick your fingers in your ears and hum god save the commonwealth.

meh.

maybe if your countries whined a little louder you wouldnt be paying stupid prices.

reply to post by babybunnies


Hi. Don't know how you are with a map ... but America is roughly the same size as Europe. Yeah, the entire continent.

We drive MORE, longer, further, and with sexier cars than your pos European scooters/boxes. So every time I hear some European Socialist bitching about their government's gas taxes making it obscenely expensive, remember you have your trains for a reason. We don't. America thrives off cheap gas, take away the gas or raise the price and our economy will stop. When that happens the entire world comes crashing down.. So our cheap ass gas might just be important to maintain.

Also, if you took a course beyond the 100 level of economics (which I know you have not, or else learned form a Keynesian) supply and demand does not regulate the price of gasoline. Speculation, currency fluctuation and taxation does. Lease rates effects the price more than supply and demand. Demand isn't even a blip on it's actual cost, because there is always more (oil is not a fossil fuel, biggest oil myth)

Originally posted by babybunnies

Originally posted by neo96
if something isnt done and soon we are screwed.

back when i first got my license i was paying 89 cents a gallon that was around 20 years ago

imagine what you will be paying 20 years from now if nothing but the status quo remains.

the sooner we get off oil the better but that day will never come for many of us.

Will you Americans quit whining about the cost of your gas. Even at $5 a gallon you still have some of the cheapest (if not THE cheapest) in the Western World. In Canada, we're over $6 already, in Europe, many countries are paying over $10.

You use 25% of the world's oil, but have 5% of the world's reserves. Simple supply and demand, Economics 101. You use a large amount of a finite substance that you have to import, expect to pay more for it.

You're already paying under the odds. Expect at the bear minimum to be bought in line with what the rest of the world is paying for their gasoline. Quit whining about having some of the cheapest gas going.

The US uses 25% of the worlds oil, exactly why we should get such a bulk rate.
It is a firmly established concept in the business world, ratio of market always influences price.
The cheapest oil going here is over priced, speculation is influencing the pricing by two dollars BMC's.

During 2008 Hofmeister, Shell CEO screwed up and testified to congress that the market was being influenced by speculators (which could be contracted practice of cartel-ing) - back then he claimed oil could be produced
shipped and profited upon at $60 or less per barrel. The corruption of the system is staggering, this is bull$#@$@ and everyone should be pissed. I know my counterparts here don't want to interfere with the "market", well I think that attitude is dumb, money is money is money, I am not going to protect some corrupted
busted off system of doom. The increase of this manner is used to realign price point, get Americans use to
a high price and then settle the market at a point where the price is still high compared to where it was, where it
should be, it is re programing.

www.abovetopsecret.com...

You know... I don't like the idea that I can walk into the store and buy a gallon of milk for less than a gallon of gas.

That milk is taken from a living critter, processed to kill the nasties in it, refrigerated, and has a shelf life measured in days.

Oil is extracted by the ton, processed in facilities the size of neighborhoods, and stored in tanks the size of back-yard swimming pools (and larger).

I realize demand for gasoline is quite high... and thus, price is going to be somewhat high... but when I sit here and contemplate that farmers in America are having a difficult time keeping their heads above water (especially those that have not been absorbed into large corporate conglomerates), and we have the Saudi oil-giants building islands - since they've run out of other things to spend money on -.... I have to wonder just how fair of a trade we're getting, here.

We're often quick to blame the names of "big oil" we see here in the U.S. - but they don't really seem to be the problem. They aren't building islands in the middle of the damned ocean, and only hit about a 3-5% profit margin.

In either case - it's high time we start opening up drilling in the U.S. I already gave up my first born for the last tank of gas I filled up on... and am not looking forward to selling my soul to get the next (not that this will radically change prices before that happens).

Now if only we had the refinery capacity in the U.S. to actually process the oil we take out of the ground....

Originally posted by babybunnies

Originally posted by neo96
if something isnt done and soon we are screwed.

back when i first got my license i was paying 89 cents a gallon that was around 20 years ago

imagine what you will be paying 20 years from now if nothing but the status quo remains.

the sooner we get off oil the better but that day will never come for many of us.

Will you Americans quit whining about the cost of your gas. Even at $5 a gallon you still have some of the cheapest (if not THE cheapest) in the Western World. In Canada, we're over $6 already, in Europe, many countries are paying over $10.

You use 25% of the world's oil, but have 5% of the world's reserves. Simple supply and demand, Economics 101. You use a large amount of a finite substance that you have to import, expect to pay more for it.

You're already paying under the odds. Expect at the bear minimum to be bought in line with what the rest of the world is paying for their gasoline. Quit whining about having some of the cheapest gas going.

Why is it that whenever a topic comes up for discussion, revolving around USA interestes, Canadians chime in with remarks of shut up and quit whining?
We can whine, its our country. If you don't like $5 a gallon gas, maybe move here. But, we may be there soon.

reply to post by TETRA.X


Agree 100% TETRA...what we didnt know than was that our government has completely lied to us about petroleum and how much was out there.

Not to mention that BIG OIL knew EXACTLY what they were doing when they cooked up the idea of "DEPENDENCE ON OIL" ponzy scheme decades ago.

reply to post by armtx


Thank you. That is very true. I would like to also say that there is a possibility that oil is abiotic and we have all been duped. That's probably an entirely different thread...

[atsimg]http://files.abovetopsecret.com/images/member/6fadc8ff72d6.jpg[/atsimg]

She is a diamond in the rough.

Ahead of her time... I guess.

LOL LOL LOL

Man, Obama is pretending to slide to the middle so much I am getting all confused as to who he really is...

[atsimg]http://files.abovetopsecret.com/images/member/3ad9eb63e071.jpg[/atsimg]

No matter what though, regardless of the political fence you on, the message is the same and Thank Obama/God that he totally validated Sarah Palin on this topic agenda.

[atsimg]http://files.abovetopsecret.com/images/member/a95b6d3649eb.jpg[/atsimg]

It still amazes me that there are people on ATS that still think getting Obama/Biden was better than McCain/Palin.

A lot of very educated people bought into the whole...TIME FOR CHANGE...that the Prez was running on. I too was ready for a change, but not the kind of change he was preaching...I voted RED as a registerd IND.

I have a lot of friends that voted for the Prez and the majority of them dont like what they are getting.

I cant saddle everything on any one President. it just isnt fair and there is no logic behind it. The system is clearly broke and we all know it, including the vulchers on capital hill.

The problem is and has been for some time now, that corporations run this country.

Legislation through donation. I would really like to see a law passed where canidates can not get donations from corporations, but I know the loop hole is so easy that this type of legislation will be easily bi-passed.

reply to post by armtx

The problem is and has been for some time now, that corporations run this country.

Legislation through donation. I would really like to see a law passed where canidates can not get donations from corporations, but I know the loop hole is so easy that this type of legislation will be easily bi-passed.

The corps are not the problem, it's the lobbyists. Of course, the lobbyists work for the corps, but the corps are only following the laws. You or I could hire a lobbyist if we wanted to.

The problems is the lobbyists have very deep pockets that affect decisions. Nullify that and you nullify the effect of lobbyists.

reply to post by mishigas

Obama can, and does, promise anything to any audience, any time. It the follow thru that he cannot claim....

What he cannot do is 'wave a magic wand' and drilling commences. Always watch what the 'other hand is doing...' and his EPA Administrator, Lisa Jackson, is about as 'off the tracks' nutty green as possible. Obama can 'promise' new drilling...but HIS uber left EPA has to approve the permits; leases; the drill sites; etc. Think THAT is gonna happen anytime soon?

Obama is on record stating that to curtail usage we 'need European level gas prices.' We are approaching that. But...we are also approaching his re-election campaign...what to do? Promise them 'anything' but give them $6.00 gas.

What? no one liked the S.Palin pitch.

Hmmm. Seems like when someone is really right around here, no one comments.

Let's give credit where credit is due.

Palin has been calling for this type of stuff (related to the oil industry) before Obama left the corners of Chicago and Street Organizing....

Just sayin'

reply to post by anon72

What? no one liked the S.Palin pitch.

Hmmm. Seems like when someone is really right around here, no one comments.

Let's give credit where credit is due.

Palin has been calling for this type of stuff (related to the oil industry) before Obama left the corners of Chicago and Street Organizing....

Just sayin'

I starred you.

Palin did some excellent work in the area of energy while she was gov. She would make an excellent secretary of energy and she would create a good energy policy, something we are lacking. But I get so tired of hearing all the bs from the libs that are afraid of her, that I could scream.