Obama Doomed: 62% Think Offshore Drilling Likely to Lower Gas Prices !

The oil lies are rampant within Obama Admin.

Yes we have 2% of the supply. This is actual oil we have recovered and can use.

However, what they do not tell you, we have anywhere from 200 Billion Barrels to 1.3 Trillion barrels of technically recoverable oil that we do not tap due to very restricted environmental guidelines and thus we are stuck where we are. If we even tried to get 200 billion of those barrels it would effect the future's market and help out the price.

Originally posted by antmax21
The oil lies are rampant within Obama Admin.

Yes we have 2% of the supply. This is actual oil we have recovered and can use.

However, what they do not tell you, we have anywhere from 200 Billion Barrels to 1.3 Trillion barrels of technically recoverable oil that we do not tap due to very restricted environmental guidelines and thus we are stuck where we are. If we even tried to get 200 billion of those barrels it would effect the future's market and help out the price.

If the drop in gas prices are not immediate, then the alternatives do not exist.

They have been drinking the Obama cool-aid too long.

Obama is doomed.

He has the Keystone Pipeline wrapped around his neck.

Obama personally picked up the phone and lobbied US senators to kill Keystone.

Well, economic decisions shouldn't be made based on majority opinion, but rather facts and logic

And facts and logic tell us that more drilling doesn't lower oil prices: LINK

Total output has increased consistently for years, yet oil prices continue to rise...so clearly more offshore drilling won't lead to lower oil prices. It's a cartel for crying out loud

I predict as an election ploy, he'll find a way to lower gas prices.
"See what a good guy I am" "I saved you from those oil monsters"
"Vote for me ! "

Originally posted by DAVID64
I predict as an election ploy, he'll find a way to lower gas prices.
"See what a good guy I am" "I saved you from those oil monsters"
"Vote for me ! "

Obama has 2 problems: High Price of Gas & High Unemployment Rate.

A recent poll showed most Americans think we are still in a recession!

If Europe falls into a recession, we will follow them down the drain.

reply to post by sonnny1

As for Bush being there,well I will leave that to Republicans wanting that.

The same Republicans now want Romney
Elections are a such fraud.

Originally posted by Eurisko2012

Originally posted by DAVID64
I predict as an election ploy, he'll find a way to lower gas prices.
"See what a good guy I am" "I saved you from those oil monsters"
"Vote for me ! "

Obama has 2 problems: High Price of Gas & High Unemployment Rate.

A recent poll showed most Americans think we are still in a recession!

If Europe falls into a recession, we will follow them down the drain.

High oil prices are a problem for the economy, but the president can't influence oil prices much...and that's a FACT. So essentially you are blaming him for something that's out of his control...seems fair

reply to post by MrXYZ


Perception is reality.

Nancy Pelosi taught us how to think.

The president is solely responsible for the high price of gas.

I have her YouTube videos to prove it.

Originally posted by Eurisko2012
reply to post by MrXYZ

 

Perception is reality.

Nancy Pelosi taught us how to think.

The president is solely responsible for the high price of gas.

I have her YouTube videos to prove it.

No, he really isn't responsible for those high prices, and that's a FACT .


But since you're so sure of yourself, I'm sure you can list 2-3 points telling us how exactly the president is responsible, right?

no demand = low prices.
yeah. that's right.
but do we have not demand?

So now that gas prices have been falling and are expected to continue to fall throughout the remainder of the summer...what do these 62% have to say?

Originally posted by MrXYZ
High oil prices are a problem for the economy, but the president can't influence oil prices much...and that's a FACT. So essentially you are blaming him for something that's out of his control...seems fair

Obama could influence the price of oil greatly, any national leader can inside their own borders.

The real issue is that the ramifications of doing so would negate any benefits gained...drastically.

Originally posted by peck420

Originally posted by MrXYZ
High oil prices are a problem for the economy, but the president can't influence oil prices much...and that's a FACT. So essentially you are blaming him for something that's out of his control...seems fair

Obama could influence the price of oil greatly, any national leader can inside their own borders.

The real issue is that the ramifications of doing so would negate any benefits gained...drastically.

So how exactly could he lower oil prices? I hope you're not suggesting drilling within the US would somehow lower oil prices...because that's simply not the case.

Originally posted by Eurisko2012

Originally posted by sonnny1

Originally posted by rebellender
tying the US Dollar to OPEC is Treason

Absolutely spot on!

We do need to drill. Why Obama didnt take the Canadian oil deal,speaks volumes,on how he has pandered to the "green" initiative,and all its dirty money.

We need Republican leadership back in the White House.

This is the face of presidential leadership. Raise your hand if you miss President Bush.

This has got to be a joke because nobody, not even the Republican miss Bush Jr. They tie themselves to Reagan and try to pretend Jr. never happened. And I do not blame them because the Dems use Bush as a way to paint all Republicans as short sighted idiots. The Dems want people to remember him and the Republicans want people to forget him.

Originally posted by MrXYZ
So how exactly could he lower oil prices? I hope you're not suggesting drilling within the US would somehow lower oil prices...because that's simply not the case.

edit on 22-6-2012 by MrXYZ because: (no reason given)

Nationalise your oil industry and dictate price structure.

Like I said...could, but ramifications would be severe.

Originally posted by peck420

Originally posted by MrXYZ
So how exactly could he lower oil prices? I hope you're not suggesting drilling within the US would somehow lower oil prices...because that's simply not the case.

edit on 22-6-2012 by MrXYZ because: (no reason given)

Nationalise your oil industry and dictate price structure.

Like I said...could, but ramifications would be severe.

What do you mean "dictate price structure"? Unless you propose the US turns into North Korea, this isn't possible given globalization. The price of oil is set on an international basis, and the US couldn't just set a price they think is fine and ignore world prices.

Originally posted by MrXYZ
What do you mean "dictate price structure"? Unless you propose the US turns into North Korea, this isn't possible given globalization. The price of oil is set on an international basis, and the US couldn't just set a price they think is fine and ignore world prices.

Absolutely the US could.

It wouldn't be the first time in history that a global power has done so.

I wonder.

What is the actual "cost to the pump" of gasoline ?

Without excess profit.

Salaries,materials and expenses only.

U.S. territory oil only.

U.S. refineries only.

Oilfield to gas station cost.

Originally posted by peck420

Originally posted by MrXYZ
What do you mean "dictate price structure"? Unless you propose the US turns into North Korea, this isn't possible given globalization. The price of oil is set on an international basis, and the US couldn't just set a price they think is fine and ignore world prices.

Absolutely the US could.

It wouldn't be the first time in history that a global power has done so.

I take it you haven't studied economics

Oil prices are set globally, not nationally...mostly because national prices are not enforceable unless you turn the country into North Korea

reply to post by MrXYZ


You might want to discuss your view with the countless number of countries that have been subjugated, through out history, to provide cheap resources to their conquerors.

You have completely failed at both history...and economics.

The US could, literally, do what ever they wanted at this point, and there is not much anybody could really do about it in the short term.

This 'global market' you keep referring to is only valid if everyone chooses to play nice. People only play nice when times are good.