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pat addis
01-07-2011, 11:52 AM
ok with gas about to get nuts how is obama and his crowd going to blame bush .yardley?

Buzz
01-07-2011, 11:56 AM
A post of mine from that other thread about oil/gas. You would never know this from listening to the pot shots taken by Republicans.


As of the last trading day of 2010 the light, crude prices had risen as much as 15 percent above prices on the corresponding day of the previous year. Analysts broadly attributed the considerable rise to factors like improved macro economic outlook globally, the fall in the value of the U.S. dollar and strong inventory figures. However, conservative think tanks in the U.S. maintained that Obama administration's drilling policies have led to a spike in prices.

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They argue that Obama administration's actions like cancelling permits in states like Utah and Montana, delaying of offshore leasing, imposition of moratorium on offshore oil and gas drilling and the call for higher taxes on oil company profits have all fuelled the gasoline price boom.

CALLS FOR MORE DRILLING

As gasoline prices are rising in the U.S. there are increasing calls for expediting drilling. However, it has been pointed out that U.S. oil drilling was going at a 23-year high during the last year. Starr Spencer, writing in Platts, said US oil drilling returned to late 1987 levels in 2010. Citing the Baker Hughes rig count, he wrote that in the last week of the year the US oil-directed rig count rose to 771 rigs, which surpassed the all-time high over the last 23 years.

There are many who argue that frenzied drilling aimed at holding gas prices back is not the right thing to do and that these will only help Big Oil to fatten their bottom lines. "Not surprisingly, we are hearing this from incoming Republicans who will now be running the U.S. House of Representatives. They are eager to find any excuse to support the agenda of the oil industry, which is to have increased access to land for drilling purposes and to preserve lucrative tax breaks and subsidies," says Tyson Slocum, Director of Public Citizenís Energy Program.

david gibson
01-07-2011, 12:04 PM
A post of mine from that other thread about oil/gas. You would never know this from listening to the pot shots taken by Republicans.

>>>
CALLS FOR MORE DRILLING

As gasoline prices are rising in the U.S. there are increasing calls for expediting drilling. However, it has been pointed out that U.S. oil drilling was going at a 23-year high during the last year. Starr Spencer, writing in Platts, said US oil drilling returned to late 1987 levels in 2010. Citing the Baker Hughes rig count, he wrote that in the last week of the year the US oil-directed rig count rose to 771 rigs, which surpassed the all-time high over the last 23 years.<<<



no facts or figures here and no time to find them, but i do feel the bold statement is not entirely accurate. maybe the rig count is at an all-time high, but consumption is up to - more people, more cars, etc - so the real number would be the relationship of the rig count, production volume, and consumption all combined, right? rig count alone is a meaningless number. if rig count doubled since 1990 and consumption quadrupled and production did not keep up then the above argument doesnt hold water, does it?

insufficient facts are just as bad as false facts.

Franco
01-07-2011, 01:43 PM
no facts or figures here and no time to find them, but i do feel the bold statement is not entirely accurate. maybe the rig count is at an all-time high, but consumption is up to - more people, more cars, etc - so the real number would be the relationship of the rig count, production volume, and consumption all combined, right? rig count alone is a meaningless number. if rig count doubled since 1990 and consumption quadrupled and production did not keep up then the above argument doesnt hold water, does it?

insufficient facts are just as bad as false facts.

I agree, rig count is meaningless. They could be drilling for natural gas not oil. The amount of oil produced on land in the lower 48 is insignificant.

Reality is that we have massive reserves within our boarders and offshore yet, the current administration would rather buy imported oil and we all know where most of that comes from.

Oil that gets produced within our boarders gets refined here and is consumed here. It is clear that the current administration is being unreasonable with thier vague new regulations.

$4-$5 a gallon at the pump is a sure way to purge the Dems from DC! Get ready for the price of everything to go up in unison with the cost of gasoline.

Uncle Bill
01-07-2011, 02:01 PM
I agree, rig count is meaningless. They could be drilling for natural gas not oil. The amount of oil produced on land in the lower 48 is insignificant.

Reality is that we have massive reserves within our boarders and offshore yet, the current administration would rather buy imported oil and we all know where most of that comes from.

Oil that gets produced within our boarders gets refined here and is consumed here. It is clear that the current administration is being unreasonable with thier vague new regulations.

$4-$5 a gallon at the pump is a sure way to purge the Dems from DC! Get ready for the price of everything to go up in unison with the cost of gasoline.


You mean like the Big Easy got rid of a Democrat mayor after his uncountable blunders?

Dems/libs/socialists couldn't care less about what happens in this nation, or how they are making it into a communistic country, it's Democrats ubber alles. As long as they have a breath left in them, they will keep braying about everything being Bush's fault.

UB

Buzz
01-07-2011, 02:10 PM
Here is some info on production.

http://www.prnewswire.com/news-releases/us-crude-oil-production-in-2009-poised-to-show-biggest-jump-in-almost-40-years-platts-analysis-76020227.html


U.S. Crude Oil Production in 2009 Poised To Show Biggest Jump in Almost 40 Years: Platts Analysis





NEW YORK, Nov. 27 /PRNewswire/ -- Platts - United States crude oil production for 2009 is on target to have its biggest one-year jump since 1970, according to a Platts analysis of industry data.

With U.S. oil production averaging 5.268 million barrels per day (b/d) through October, the gain in U.S. output will be the most since the country produced 9.637-million b/d in 1970, which turned out to be the peak year of U.S. crude output, according to Platts' analysis of data published by the U.S. Energy Information Administration (EIA). If that 5.268 million b/d figure holds through December, this year would show a 6.4% boost from the 4.95 million b/d average of 2008 and rank as the best U.S. oil production year since 2004, when output averaged 5.419 million b/d.

For comparison, in the 40 years since U.S. oil production peaked annual output has jumped only eight times. Seven of those increases were minimal; only in 1978 was there a jump of significant magnitude, an increase of 5.6%, to 8.7 million b/d.

dnf777
01-07-2011, 02:11 PM
I agree, rig count is meaningless. They could be drilling for natural gas not oil. The amount of oil produced on land in the lower 48 is insignificant.

Reality is that we have massive reserves within our boarders and offshore yet, the current administration would rather buy imported oil and we all know where most of that comes from.

Oil that gets produced within our boarders gets refined here and is consumed here. It is clear that the current administration is being unreasonable with thier vague new regulations.

$4-$5 a gallon at the pump is a sure way to purge the Dems from DC! Get ready for the price of everything to go up in unison with the cost of gasoline.

$5/gallon gasoline will purge whomever is in control, whether its a democrat or republican.

I don't care if you put a rig on every street corner, and one million offshore, the increasing rate of consumption by emerging economies in China and India will drive the demand and price of oil up faster than a billion pumps can pump it out of the ground.

No, we're not out of oil yet, but NOW is the time to start planning and developing alternative energy sources, before we do run out. That will become a matter of national and global security. Well, our expenditures in the middle east indicate to me that is already is.

Roger Perry
01-07-2011, 02:25 PM
You mean like the Big Easy got rid of a Democrat mayor after his uncountable blunders?

Dems/libs/socialists couldn't care less about what happens in this nation, or how they are making it into a communistic country, it's Democrats ubber alles. As long as they have a breath left in them, they will keep braying about everything being Bush's fault.

UB

Why would you say Dems do not care. Didn't Clinton turn over a balanced budget to GW Bush in 2001?

Franco
01-07-2011, 03:12 PM
Here is some info on production.

http://www.prnewswire.com/news-releases/us-crude-oil-production-in-2009-poised-to-show-biggest-jump-in-almost-40-years-platts-analysis-76020227.html

Much of the domestic oil that was produced in 2009 was from permits issued several years prior.

The current administration is not issuing new drilling permits for the area inwhich we get half of our domestic production.

Franco
01-07-2011, 03:15 PM
$5/gallon gasoline will purge whomever is in control, whether its a democrat or republican.

I don't care if you put a rig on every street corner, and one million offshore, the increasing rate of consumption by emerging economies in China and India will drive the demand and price of oil up faster than a billion pumps can pump it out of the ground.

No, we're not out of oil yet, but NOW is the time to start planning and developing alternative energy sources, before we do run out. That will become a matter of national and global security. Well, our expenditures in the middle east indicate to me that is already is.

Until CNG or hydrogen or buring human waste becomes a reality, we have to depend on oil.

I've been hearing for decades that we need to find an alternative. It is all nothing but a political sharade. Reality is that we are dependent on oil and that won't change anytime soon.

starjack
01-07-2011, 03:29 PM
Why would you say Dems do not care. Didn't Clinton turn over a balanced budget to GW Bush in 2001?

And how much defcit has obama created in only 2 yrs??

Buzz
01-07-2011, 03:41 PM
Much of the domestic oil that was produced in 2009 was from permits issued several years prior.

The current administration is not issuing new drilling permits for the area inwhich we get half of our domestic production.

They're not?

Buzz
01-07-2011, 03:42 PM
And how much defcit has obama created in only 2 yrs??

The first year he operated on Bush's last budget.

Franco
01-07-2011, 03:48 PM
They're not?



It's a smoke screen by the administration.

On Monday, they approved 12 companies for drilling in the gulf(new permits)On Tuesday, they issued new vague guidelines. Tuesday night, spokenmen for the two largest companies basically told the administration, no thanks!
The other 10 are taking a wait and see attitude and are in no hurry to get drilling started because the guidelines aren't clear.

That way, Obama can say, "I've approved drilling in the gulf, don't blame me". Yet, the reality is no one is going to drill by rules that could change daily.

Buzz
01-07-2011, 04:25 PM
You'd think we just had a major spill in the gulf or something.

I don't understand why they just don't give the oil companies everything their little hearts desire.

road kill
01-07-2011, 04:28 PM
If someone could invent a WIND & SOLAR powered oil drilling rig, everyone could be happy!!!:D


RK

Franco
01-07-2011, 04:40 PM
You'd think we just had a major spill in the gulf or something.

I don't understand why they just don't give the oil companies everything their little hearts desire.

I don't want to give them a thing, not one red cent! Not even tax cuts.

I just want them to go to work and help our economy and cut imported oil.

In regards to the oil leak

http://www.nola.com/news/gulf-oil-sp...f_of_mexi.html (http://www.nola.com/news/gulf-oil-spill/index.ssf/2011/01/tiny_organisms_in_gulf_of_mexi.html)

gman0046
01-07-2011, 05:38 PM
Roger Perry with another idiotic post. Thank you Roger.

david gibson
01-07-2011, 05:57 PM
I don't want to give them a thing, not one red cent! Not even tax cuts.

I just want them to go to work and help our economy and cut imported oil.

In regards to the oil leak

http://www.nola.com/news/gulf-oil-sp...f_of_mexi.html (http://www.nola.com/news/gulf-oil-spill/index.ssf/2011/01/tiny_organisms_in_gulf_of_mexi.html)

exactly. but do these people not understand that oil companies HIRE people and thus create JOBS???? good jobs!!! and the money spreads thru the economy, especially locally!

oil companies are so evil - they make money for PEOPLE.:rolleyes: