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Romney promises good times for his oil buddies

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dmcowen674 said:
Originally Posted by dmcowen674
Links, proof that drilling for oil is the answer for high oil prices?

You and your buds constantly remind us that it's a global market.

The global market is running the oil high with record oil inventories.

Since we have record inventories how will even more oil bring prices down?

Links, proof?




😀
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So seeing as how you THINK you are smarter than everyone else, what is your answer to the high oil prices?
 
If you guys dont like the fact that romney has a great plan for cheap energy you could always go invest more money is solyndra................
 
monovillage said:
Ethanol from a food crop?
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This goes back to the early 2000s when MTBE was banned by the EPA as a fuel additive. Adding ethanol to the blend solved the problem. Eventually the agricultural giants looked around and figured they could increase their profits by inflating the cost of corn in the vehicle of "alternative fuel" . They successfully lobbied Congress and Presidents (both Republican and Democrat) ever since to increase ethanol usage requirements and add trade barriers to imported ethanol.
 
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Smoblikat said:
If you guys dont like the fact that romney has a great plan for cheap energy you could always go invest more money is solyndra................
Click to expand...

It's basically "drill baby, drill" with more fracking thrown in. Not exactly revolutionary. Withdrawing from an petroleum based economy makes a lot more long term sense.

Also, the EPA study on hydraulic fracturing is still pending. If major adverse effects to water tables are found the industry could easily implode, effectively ending the current domestic oil and gas boom.
 
No, supply and demand do not effect prices !!!!

With the global economy at a tipping point, a deeply divided Organization of the Petroleum Exporting Countries meeting in Vienna wrangled over whether to cut production and prop up crude oil prices.

Saudi Arabia, the world’s biggest oil exporter and the cartel member with the greatest latitude for tightening or opening its taps, arrived vowing to maintain its output and hold the line on quotas for the group. Other OPEC members, led by Iran and Venezuela, have wanted to trim output quotas to boost the price of oil.
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There are about 1000 more of those stories on the internet.
 
Matt1970 said:
No, supply and demand do not effect prices !!!!

Quote:
With the global economy at a tipping point, a deeply divided Organization of the Petroleum Exporting Countries meeting in Vienna wrangled over whether to cut production and prop up crude oil prices.

Saudi Arabia, the world’s biggest oil exporter and the cartel member with the greatest latitude for tightening or opening its taps, arrived vowing to maintain its output and hold the line on quotas for the group. Other OPEC members, led by Iran and Venezuela, have wanted to trim output quotas to boost the price of oil.

There are about 1000 more of those stories on the internet.
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Quoted for hysterical purposes
 
This is equivalent to Obama promising to get us out of the ME. It's a stunt because oil companies don't want to invest in drilling to drive prices down.
"Energy independence" is republican bread and circus.
 
*sigh* When are we going to cure our addiction to oil? Maybe when super fracking ruins all the drinkable water resources in most of the country? I mean, really, do you need your car to go 0-60 in 3.2 seconds?

No, you don't. And when you can set fire to your tap water you will wish everyone felt that way years ago.
 
You think oil independence using American oil companies will give consumers a break?
Low pricing? Hehe hehe hehehe
Besides, Romney knows there is no such thing as dedicated US oil. American oil sells world wide. So something like a tensions in the gulf will certainlly effect US oil prices here at the pump.
A business loss is a business loss. Oil will make up the difference the same old way they always make up the difference. Raise those prices at the pump.

If one were stupid enough to buy Romney's Bull shit on oil independence, then you deserve what you will get at the pump under Romney administration oil policy.

Haven't people figured this guy out yet?
Romney will say ANYTHING, do ANYTHING to sit in that oval office arm chair.
And that alone should scary the holly crap out of ever single registered voter.
 
Matt1970 said:
It doesn't. He is too young to remember what regulating the oil industry did in the 70's.
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It really didn't do anything since the oil embargo was OPEC driven. The real issue is that maximizing profits not the benefit of any nation is what drives business. Therefore giving free license to drill does not give an incentive to do so and whatever oil taken out of US soil is not ours. It goes on the world market to those who will pay. The entire model is out of touch with our need. I propose the "free market" approach we health care providers are saddled with. Henceforth there are no more leases of public land. Instead anyone who wishes to benefit from drilling will do so on a cost plus fee basis. The oil produced is directly injected into the US market at true cost for the express purpose of energy independence and cost control with a small percentage added to fund public IP free energy R&D, with rights retained for licensing such resulting technologies abroad to recoup expenses.
 
Nixon was flinging out price controls left and right including domestic oil. That added to the problem at the time.

Government price controls further exacerbated the crisis in the United States, which limited the price of "old oil" (that already discovered) while allowing newly discovered oil to be sold at a higher price, resulting in a withdrawal of old oil from the market and the creation of artificial scarcity. The rule also discouraged alternative energies or more efficient fuels or technologies from being developed. The rule had been intended to promote oil exploration. This scarcity was dealt with by rationing of gasoline (which occurred in many countries), with motorists facing long lines at gas stations beginning in summer 1972 and increasing by summer 1973.
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