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Bush allows drilling, oil prices tank.....

Patranus

Patranus

Diamond Member
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
 
I've never understood why liberals would want a restricted domestic supply and higher oil prices. Poor people, in a bad economy, cant handle another 40% run up in gas prices. They also cant afford to plop down $5K and finance a new Prius.
 
Originally posted by: OCguy
I've never understood why liberals would want a restricted domestic supply and higher oil prices. Poor people, in a bad economy, cant handle another 40% run up in gas prices. They also cant afford to plop down $5K and finance a new Prius.
Click to expand...

We as humans have through history somehow embraced those who oppress us. When democrats or any politician cuts off oil and helps to drive up costs to middle America in some unbelievable turn of event Middle America embraces that politician when he complains about the very problem he helped create.
 
Originally posted by: Patranus
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
Click to expand...

Honestly, while I agree with the idea of your post (that there is no logical reason to not use the abundant resources already available in the US), when you say things like:

"Bush allows drilling and oil prices tank."

You really need to back those up with facts and links.

I mean, I seem to distinctly remember $4/gallon gas last summer, and Obama wasn't president yet...
 
Originally posted by: Genx87
Originally posted by: OCguy
I've never understood why liberals would want a restricted domestic supply and higher oil prices. Poor people, in a bad economy, cant handle another 40% run up in gas prices. They also cant afford to plop down $5K and finance a new Prius.
Click to expand...

We as humans have through history somehow embraced those who oppress us. When democrats or any politician cuts off oil and helps to drive up costs to middle America in some unbelievable turn of event Middle America embraces that politician when he complains about the very problem he helped create.
Click to expand...

It's because politicians (on all sides) like to create a problem, because people won't see where the problem stems from, because they are to focused on the problem and how it will affect them. Then the politicians will fix the problem when re-election time comes around so they can secure their re-election.


We have a limit on the number of times someone can be elected President, why can't that be held true for Congress members as well? We need new idea's not rehashed ideas someone came up with 20 years ago and has been pushing it ever since.
 
Originally posted by: Patranus
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
Click to expand...

A couple of issues....

1) drilling wouldn't even be available for 20-25 years from now, which wouldn't even offset the increase in demand

2) there are very few out there who haven't crippled the possibility of nuclear power

And yeah, I said a couple, but screw it, I'm just expanding on two. Only a small percentage of oil goes to energy production. However, some of that oil production could also lead to natural gas production.

Plug-in electric cars are also not feasible. They require too much time to recharge to be used regularly. Electric cars that can also produce electricity are what are needed. The Volt does this, but the generator (for those who don't realize, the "engine" on the Volt never actually drives the wheels) still uses gas. Fuel cells will help solve that. They're basically electric cars that use a clean source to produce their electricity. Ironically, going back to #2, one of the better ways to produce hydrogen for fuel cells is through VHTRs.
 
If you're going to vilify the energy companies and portray our "free economy" in a negative light you have to make sure the companies you wish to speak out against are performing well and generating a large profit.
 
Originally posted by: RyanPaulShaffer
Originally posted by: Patranus
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
Click to expand...

Honestly, while I agree with the idea of your post (that there is no logical reason to not use the abundant resources already available in the US), when you say things like:

"Bush allows drilling and oil prices tank."

You really need to back those up with facts and links.

I mean, I seem to distinctly remember $4/gallon gas last summer, and Obama wasn't president yet...
Click to expand...

Jan-08 $92.97
Feb-08 $95.39
Mar-08 $105.45
Apr-08 $112.58
May-08 $125.40
Jun-08 $133.88
Jul-08 $133.37 <- Bush introduces plan July 12, 2008
Aug-08 $116.67
Sep-08 $104.11
Oct-08 $76.61
Nov-08 $57.31
Dec-08 $41.12
Jan-09 $41.71
Feb-09 $39.09<-Obama reverses Bush
Mar-09 $47.94
Apr-09 $49.65
May-09 $59.03
Jun-09 $70.00?

BTW: If it takes 20 to 25 years to get oil...why not start now?
 
Originally posted by: OCguy
I've never understood why liberals would want a restricted domestic supply and higher oil prices. Poor people, in a bad economy, cant handle another 40% run up in gas prices. They also cant afford to plop down $5K and finance a new Prius.
Click to expand...

You assume liberals actually give a shit about "poor people."
 
Supply/Demand was not the real reason that oil skyrocketed during the Bush administration, nor do I believe that it has anything to do with the current trend back up. It all has to do with speculation and overall confidence in the markets, which is increasing. Meanwhile, we are sitting on a glut of oil to where we are storing it offshore in tankers.

Oh, and we should just keep repeating to ourselves "it isn't as bad as last year...it isn't as bad as last year" meanwhile the price goes up a nickel to a dime for a gallon of gas every week. $4.50/gal will return soon even without any extra taxes. We need to reign in the oil markets to restore transparency and above all, sanity.
 
You have to remember, the obama camp doesn't mind the $5/gal gas. They just were concerned with the speed at which our gas prices increased.
 
Originally posted by: MovingTarget
Supply/Demand was not the real reason that oil skyrocketed during the Bush administration, nor do I believe that it has anything to do with the current trend back up. It all has to do with speculation and overall confidence in the markets, which is increasing. Meanwhile, we are sitting on a glut of oil to where we are storing it offshore in tankers.

Oh, and we should just keep repeating to ourselves "it isn't as bad as last year...it isn't as bad as last year" meanwhile the price goes up a nickel to a dime for a gallon of gas every week. $4.50/gal will return soon even without any extra taxes. We need to reign in the oil markets to restore transparency and above all, sanity.
Click to expand...

It's hard to say if it will go up that much, but the supply/demand issue is huge. We use a bit over 20 million barrels a day (US only, that is). Around 50% of that goes to gas. While this article is old, the trend remains the same: people just aren't driving as much
 
Please ignore the actual facts that demand is decreasing, refinery capacity is operating at 85%, there is a 60-day surplus supply floating around the ocean in tankers, futures contracts are down nearly a million barrels a day, total US rigs in production are down 53% from a year ago, and that overall global production still increased 1/2 of 1 percent last year.

Not to mention that in Iraq only 15 of the 78 fields are currently producing and OPEC is getting pissed at them because they plan to increase production over 2 million barrels a day in the next 2 years.


Other than that ---- thank you for the propaganda.
 
I am going to post some of my political views that have nothing really to do with this other than to state why I would consider myself "liberal" and still agree with most of what you have to say. I disagree with a lot of the "green" craze. I hate high gas prices and hate foreign resources dependency. I want $1 per gallon or less gas prices. I don't want to make people cut back on their lifestyles. I am pro consumption, pro waste. As an American, it's my right to eat too much, get fat, and drive a car that gets really crappy gas milage. Also, I think my gay neighbors should be allowed to marry each other, and that industry needs regulation as to not get out of control. Unions in general are good as they protect the hard working Americans. I do not believe Abortion to be moral, however, I do not believe it should be against the law.

I agree 100% that we need to drill for more oil.
We need more nuclear power plants.
I also believe that because we have an enormous domestic supply, and the price is cheap, we need more coal power plants.

Pollution sucks, but the amount of suffering caused by expensive gasoline outweighs the suckage of the pollution by a massive ratio!
 
Originally posted by: Patranus
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
Click to expand...

you are completely ignoring the fact that oil prices dropped because of lower demand caused by the global economic crisis. i am all for nuclear as a viable option but the rest of your ignorance is sad.
 
Originally posted by: alien42
Originally posted by: Patranus
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
Click to expand...

you are completely ignoring the fact that oil prices dropped because of lower demand caused by the global economic crisis. i am all for nuclear as a viable option but the rest of your ignorance is sad.
Click to expand...

So if the price drop was due to the economic crisis, a crisis that continues to this day, than why are prices back up? Furthermore, Why did prices start to drop when Bush made his decision BEFORE August 08 which the prices started to rise around the time Obama reversed his decision?
 
Originally posted by: Patranus
Originally posted by: alien42
Originally posted by: Patranus
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
Click to expand...

you are completely ignoring the fact that oil prices dropped because of lower demand caused by the global economic crisis. i am all for nuclear as a viable option but the rest of your ignorance is sad.
Click to expand...

So if the price drop was due to the economic crisis, a crisis that continues to this day, than why are prices back up? Furthermore, Why did prices start to drop when Bush made his decision BEFORE August 08 which the prices started to rise around the time Obama reversed his decision?
Click to expand...

because demand has risen from the bottom and production has been cut by producers worldwide. it is clear you have no idea how the industry and pricing works. do you even know the difference between WTI and Brent?
 
Originally posted by: Patranus
Originally posted by: RyanPaulShaffer
Originally posted by: Patranus
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
Click to expand...

Honestly, while I agree with the idea of your post (that there is no logical reason to not use the abundant resources already available in the US), when you say things like:

"Bush allows drilling and oil prices tank."

You really need to back those up with facts and links.

I mean, I seem to distinctly remember $4/gallon gas last summer, and Obama wasn't president yet...
Click to expand...

Jan-08 $92.97
Feb-08 $95.39
Mar-08 $105.45
Apr-08 $112.58
May-08 $125.40
Jun-08 $133.88
Jul-08 $133.37 <- Bush introduces plan July 12, 2008
Aug-08 $116.67
Sep-08 $104.11
Oct-08 $76.61
Nov-08 $57.31
Dec-08 $41.12
Jan-09 $41.71
Feb-09 $39.09<-Obama reverses Bush
Mar-09 $47.94
Apr-09 $49.65
May-09 $59.03
Jun-09 $70.00?

BTW: If it takes 20 to 25 years to get oil...why not start now?
Click to expand...

Still no link to back up your claims.

Look man, I agree that we need to use the natural resources we have available here in the US. However, if you state things, you need to back it up with proof.

Also, I am not so willing to unequivocally proclaim that gas prices went down exclusively because of Bush and went back up exclusively because of Obama. Just like you said, it takes many, many years for these oil reserve refineries to actually get online.
 
Originally posted by: RyanPaulShaffer
Originally posted by: Patranus
Originally posted by: RyanPaulShaffer
Originally posted by: Patranus
Bush allows drilling and oil prices tank.
Obama reverses decision and oil prices sky rocket.

While I am all for alternative means of powering cars such as hybrid technology, we need to drill for oil. PERIOD. Electric cars all find but where does that power come from? Big bad polluting power plants...as the Liberals have made it essentially illegal to build nuclear.
Click to expand...

Honestly, while I agree with the idea of your post (that there is no logical reason to not use the abundant resources already available in the US), when you say things like:

"Bush allows drilling and oil prices tank."

You really need to back those up with facts and links.

I mean, I seem to distinctly remember $4/gallon gas last summer, and Obama wasn't president yet...
Click to expand...

Jan-08 $92.97
Feb-08 $95.39
Mar-08 $105.45
Apr-08 $112.58
May-08 $125.40
Jun-08 $133.88
Jul-08 $133.37 <- Bush introduces plan July 12, 2008
Aug-08 $116.67
Sep-08 $104.11
Oct-08 $76.61
Nov-08 $57.31
Dec-08 $41.12
Jan-09 $41.71
Feb-09 $39.09<-Obama reverses Bush
Mar-09 $47.94
Apr-09 $49.65
May-09 $59.03
Jun-09 $70.00?

BTW: If it takes 20 to 25 years to get oil...why not start now?
Click to expand...

Still no link to back up your claims.

Look man, I agree that we need to use the natural resources we have available here in the US. However, if you state things, you need to back it up with proof.

Also, I am not so willing to unequivocally proclaim that gas prices went down exclusively because of Bush and went back up exclusively because of Obama. Just like you said, it takes many, many years for these oil reserve refineries to actually get online.
Click to expand...

Let's assume it's true. Regardless we should package the data up and use the correlation against Obama.
 
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