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Obama Declares War on Natural Gas With A New Executive Order

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posted on Apr, 15 2012 @ 03:25 PM
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More BS from the Right meant to fed their not-so-bright legions who will suck up whatever is told to them by their pundit gods. The simple fact is that natural gas production has exploded since Obama came into office, essentially doubling from 2007 to 2011. Wells drilled has exploded as well, which is why you find fracking concerns all over the news now. Use your heads, prior to 2008, who heard of fracking? Pretty much no one because it was not nearly so wide spread. Here is one of a zillion links you can find with 5 minutes of Google effort. www.eia.gov...

How about oil? In the U.S., oil production has jumped 8% under Obama. Growth has been so high that the U.S. is exporting oil at a record pace (at a steady growth pace going back into the GW years and continuing under Obama). Oil profits are also at an all time high. (I love the Right trying to pin rising gas prices on Obama, when it is the oil companies gauging and speculators causing the rise.)

Well drilling permits are also up, even in the face of the mega disaster of the Macondo well in the Gulf (how soon we forget) forced a very sensible re-evaluation of permits, etc.

Ply your political talking points elsewhere. Many of us on ATS actually have the ability to do our own research and thinking. For me, my general default position is that if a pundit on the Right say it, it is most likely a half truth at best.




posted on Apr, 15 2012 @ 03:27 PM
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Finally someone is doing something about fracking. Go Big O - 4 more years!!



posted on Apr, 15 2012 @ 03:30 PM
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reply to post by pajoly
 


So.

Why doesn't Obama invest in better Nat Gas drilling ?

He invested heavy in the solar boondoggles and lost big $$.

Nat Gas works and is proven.



posted on Apr, 15 2012 @ 03:48 PM
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reply to post by xuenchen
 


"Why doesn't Obama invest in better Nat Gas drilling ? He invested heavy in the solar boondoggles and lost big $$. Nat Gas works and is proven. "

Well, let's see...
1. The oil and companies companies have record billions of their own money to spend to more safely extract oil & gas. It is not government's role to create those technologies for them. it is government's role to hold them accountable for short cuts and putting populations at risk because they won't invest on their own.
2. The O&G companies already get an embrassasing and scandalous amount of subsidies that DWARF any investments or subsidies granted to green tech.
3. It can be argued that government investment is best made towards long shots that can potentially yield big returns to it the total economy -- things the private sector won't invest in. Examples include building the interstates, going to the moon, etc.
4. Your post seems to imply that solar does not work. Billions of years of geological evidence begs to differ. Everything in the plant world lives due to solar activity. Nature seems to do a damned fine and efficient job of using solar to prodcue energy. We humans are just not bright enough yet to mimic nature and we'll never get there without major investments in basic science and companies trying to break the mold.

Your "boondoggle" term clearly hints you view this (and probably most issues) through a partisan, polical prism and that you are incapable of thinking objectively or with a view towards the big picture.Give up the knee jerk thinking for a while and try to form your own opinion, not the one fed to you on FOX, which is hardly the arbitor of science or reason.



posted on Apr, 15 2012 @ 04:24 PM
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reply to post by pajoly
 


All well and fine and good.

But, now we need to hear the plan for replacing all that Nat Gas with something else.

Who pays the difference ??

That's assuming there is enough of something else in the first place.



posted on Apr, 15 2012 @ 06:25 PM
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reply to post by xuenchen
 


I don't suggest we replace natural gas. It's an awesome resource and we have amazing amounts. I would suggest there's probably a better way to get it. It is not the fracking that's the problem; it's the re-injection of all the waste products back into the ground that's the problem. Gas companies refuse to release the chemicals they use to do this work too. Wonder why that is? It is arrogant for us to assume putting all the nasty concoction back in to the ground is not going to bite us.

It always amazes me the concept of height and depth relative to, say, walking or driving distance. I think we have some mental block that tells us that going up and down, the distance is further than point A to point B. Drive 20 miles to your neighboring town take but a few minutes; two plays of "Freebird" maybe. But go up that far and you are in outer space. Go down that far and you've gone where no modern human or machine has gone. It's a skinny distance, yet we think dumping stuff that high or that low is no biggy. Our atmostphere is a skinny little membrane that must be there or we all die. Going down is the same. We MUST do a better job of protecting these things or else they'll be metaphorically like Hadrian's Wall, simply a facade of a barrier.



posted on Apr, 15 2012 @ 07:50 PM
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reply to post by pajoly
 





Your "boondoggle" term clearly hints you view this (and probably most issues) through a partisan, polical prism and that you are incapable of thinking objectively or with a view towards the big picture.Give up the knee jerk thinking for a while and try to form your own opinion, not the one fed to you on FOX, which is hardly the arbitor of science or reason.


Ok - lets see who is has been propagandised by partisan sources shall we!




2. The O&G companies already get an embrassasing and scandalous amount of subsidies that DWARF any investments or subsidies granted to green tech.


In fact:.......................

Everyone wants to end subsidies to oil companies, from President Obama to John Boehner and Paul Ryan . My question was "What subsidies?" Remarkably enough, CNN Money provided the answer. It turns out that they are all tax "breaks." I even hesitate to call them "breaks" because some of them amount to little more than Congress defining accounting terms such as "capital equipment." And the total amount of earnings not collected in taxes (which liberals define as a "subsidy") is about $4 billion per year. Here is how that breaks down......................
www.americanthinker.com...

Big oil gets no special treatment at all, that doesn't apply to any other industry!


As for solar power................................

The problem with market manipulation is that markets are highly dynamic systems, especially when it comes to energy. Energy is the ability to do work, work is money, money is energy. Energy, money, and work are economically synonymous. Oil is free. It just sits in the ground waiting for somebody to pump it out. The cost of oil is the work it took to pump it out, the work to transport it, the cost of refining it, the taxes levied upon it, and some amount of profit (which is limited by competition). This is true of all natural resources. The raw materials used in a $100 solar panel are cheap and abundant. There is as much silicon in a jar of pasta sauce as there is in that entire $100 panel, and we throw away the jar. What makes that solar panel cost $100 is all of the energy put into transforming dirt into solar panels.

The predestined failure of Obama's energy policy is becoming clear. If Obama doubles the cost of energy, then he doubles the cost of turning that free dirt into a $100 solar panel, which now becomes a $200 solar panel. The Obama energy policy is based on independently altering both sides of an equation, but the sides are closely dependent. Read more: www.americanthinker.com...



posted on Apr, 15 2012 @ 08:32 PM
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Originally posted by JohhnyBGood
Big oil gets no special treatment at all, that doesn't apply to any other industry!


It does though:

Percentage depletion ($11.2 billion over 10 years)

Instead of deducting the costs of an oil or gas well as its value declines, oil companies are allowed to deduct a flat percentage of the income they derive from it.


This doesn't apply to other companies that don't drill for oil or gas.

Domestic manufacturing deduction for oil production ($18.2 billion over 10 years)

As Sen. Bob Corker, a Tennessee Republican, has explained: “Congress was trying to solve a manufacturing issue in this country” by enacting the deduction and included oil producers “almost inadvertently."


Building a widget is not the same as refining oil.

Expensing of intangible drilling costs ($12.5 billion over 10 years)

This means they can take immediate deductions for these costs rather than spreading the deductions out over the useful life of the wells, which is the normal tax code rule for other types of investments.


It's like paying a tax on your car when you buy it but never paying for the renewal of the license plate ever again.

“Dual capacity taxpayer” rules for claiming foreign tax credits ($10.8 billion over 10 years)

The rules are supposed to prevent oil companies from claiming credit for royalty payments to foreign governments. Royalties are not taxes; they are fees for the privilege of extracting natural resources.


Major oil companies are paying royalties to countries with little or no business tax. Royalties are not taxes.

Amortization of geological and geophysical expenditures ($1.4 billion over 10 years)

Another way many oil producers get to postpone their tax liability is by writing off the costs of searching for oil over an accelerated time period of two years.


“Last-in, first-out” accounting for oil companies (as much as $22.5 billion over 10 years)

LIFO allows oil companies to calculate profits based on the cost of the oil they most recently added to their inventory. Since the most recently acquired inventory costs the most when prices are rising, this method can minimize a company’s taxable income. LIFO is available to businesses in other industries but large oil companies are perhaps the biggest beneficiaries.


Eliminate this all together.

Big Oil’s Misbegotten Tax Gusher



posted on Apr, 15 2012 @ 09:16 PM
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So there are millions of Americans who use natural gas from clothes dryers to cooking to outdoor grills to home st and by generators which many depend on and in most cases is "relatively" cheap.

There is a huge market and a huge supply forget that now decreased supply has only but one outcome.

Higher energy costs for natural gas,propane and oil all extracted by the same methods.

Obama looking out for you?

Hell no he isn't and the highest energy cost next to gasoline is Ng, and Lp. which means come winter time millions will be freezing because they can't afford to heat there home.



posted on Apr, 15 2012 @ 10:45 PM
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This will drive prices up and peoples ability to save money down.



posted on Apr, 15 2012 @ 10:56 PM
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reply to post by 1loserel2
 


Can we Please Get Rid Of This Ahass Clown Already ? Do We Really Have to wait Till Nov. ? Impeach Now and Save us All a World Of More GRIEF ! ....... !



posted on Apr, 15 2012 @ 11:00 PM
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Yep,

We all know that Obama is right, in the energy sector.

How much did everyone spend on energy in their houshold again?

Prices skyrocketing, but he is on the right track

edit on 15-4-2012 by liejunkie01 because: (no reason given)



posted on Apr, 15 2012 @ 11:07 PM
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This makes no sense.
The reason they are stopping new gas exploration is because gas is too cheap to make any money off it right now.
This story is bs.
We are flaring so much gas in ND you can see it from space.
Who is going to spend 5 million on a well for gas right now? You don't need Obama to tell them that.
Free market baby, no profit, no wells.
....and quit your crying about fracking........let me know when they have an earthquake in the Bakken and then I will consider your tree hugging rants.



posted on Apr, 15 2012 @ 11:14 PM
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I guess the dictator wants cars and trucks to use natural gas.
www.naturalgasamericas.com...



President Barack Obama issued an Executive Order Supporting Safe and Responsible Development of Unconventional Domestic Natural Gas Resources aimed at increasing coordination among federal agencies as it relates to hydraulic fracturing.

An interagency group will oversee the development of natural gas, which builds on a pledge he made in his January State of the Union address to support the industry while increasing safety. The order seeks to coordinate regulation among agencies and their efforts to boost use of natural gas in cars and trucks.


I was hoping he was looking into fracking, earth quakes and flaming faucets. But after all he is more Republican then Regan ever was.

Maybe he can get Hilary Rosen's help. After all she was BP's crisis management consultant. Yes the same one who is involved in the fake war on rich women who stay home and tell maids, butlers and other servents how to raise her kids while she plays with the new car elevator.
edit on 15-4-2012 by JBA2848 because: (no reason given)



posted on Apr, 16 2012 @ 05:38 AM
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reply to post by links234
 



The supposed special tax treatment of oil companies tax arrangements............................amounts to enough money 'not collected' to fund the US gov's spending for (wait for it)...........................................10hrs!!!! - or about 0.2% of this years deficit!


Do you know what oil company does get US subsidies, and not just tax "breaks"?

Petrobras, Brazil's state-owned oil company. According to the Wall Street Journal, The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month [August 2009] with Brazilian officials to talk about the loan.



www.americanthinker.com...



posted on Apr, 16 2012 @ 06:55 AM
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reply to post by butcherguy
 


It seems to me . . . that the only gas he expects us to use

is that flooding out all his orifi with so much odorous utterly treasonously destructive explosiveness and prejudice.

Sometimes I wonder how much ATSers are waking up to the encroaching devastations to the economics of the energy field as well as our economic lifeblood generally.

The noose tightens . . . and many still fail to see the scaffold, much less feel the noose.

Sigh.



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