Trump talks about energy policy

[xgsound]

Oil is already cheap, we've been in a global glut for awhile now. It just went back up above $50 a barrel. If we're an exporter what effect will tariffs have on mid east oil? You're ideas aren't very well thought out.

Tariffs will keep prices high enough to continue domestic drilling and any excess could help keep world prices (read Arab profits) from getting too high.
This could mean the days of Middle Eastern oil holding the world hostage may be coming to an end. If this occurs it will be the second time the world has been saved from the Middle East's barbaric (read Barbary) influence by the USA.

Jim

 

[sandorski]

No problem guys, just Murder some people and Steal their stuff.

 

[Jhhnn]

Tariffs will keep prices high enough to continue domestic drilling and any excess could help keep world prices (read Arab profits) from getting too high.
This could mean the days of Middle Eastern oil holding the world hostage may be coming to an end. If this occurs it will be the second time the world has been saved from the Middle East's barbaric (read Barbary) influence.

Jim

We'll never produce enough oil to end world dependence on middle eastern oil. Period.

Oil Tariffs? How does that deliver on Donald's promise of cheap gas?

Much to the distaste of big oil, we're also instituting other methods to reduce dependence on foreign oil-

http://www.nytimes.com/2012/08/29/b...s-tighter-fuel-efficiency-standards.html?_r=0

 

[K1052]

This reminds me of the Simpsons episode where Flanders says "We tried nothing and we're out of ideas".
We really should begin to try something beside wishing for wind and solar power to work.

Jim

Uh using or not using Arab oil has nothing to do with the electricity supply.

Wishing is not required for renewables either, they're here and growing rapidly.

 

[xgsound]

The domestic oil is to end USA dependence on foreign oil, not the whole world. If the price goes up then at least the money might stay in the USA. We have plenty of energy, especially if we get creative and realistic with coal and natural gas making electricity. We could have "electric stations" next to the gas stations when the market allows it.

The tariffs are to keep foreign oil from undercutting US prices until US suppliers go out of business. They have often done that until our infrastructure is gone and then limit us for awhile followed with prices controlled by their whims.

Jim

 

[Jhhnn]

The domestic oil is to end USA dependence on foreign oil, not the whole world. If the price goes up then at least the money might stay in the USA. We have plenty of energy, especially if we get creative and realistic with coal and natural gas making electricity. We could have "electric stations" next to the gas stations when the market allows it.

The tariffs are to keep foreign oil from undercutting US prices until US suppliers go out of business. They have often done that until our infrastructure is gone and then limit us for awhile followed with prices controlled by their whims.

Jim

US producers will charge the world wide going rate. When speculation drove the price thru the sky in 2008 they made a killing.

 

[IGBT]

He will probably get rid of the eco-KOOK Junk Science influence on Public Policy.

 

[ivwshane]

He will probably get rid of the eco-KOOK Junk Science influence on Public Policy.

He's getting rid of the Republican party? You know, you might be right.

 

[sandorski]

The domestic oil is to end USA dependence on foreign oil, not the whole world. If the price goes up then at least the money might stay in the USA. We have plenty of energy, especially if we get creative and realistic with coal and natural gas making electricity. We could have "electric stations" next to the gas stations when the market allows it.

The tariffs are to keep foreign oil from undercutting US prices until US suppliers go out of business. They have often done that until our infrastructure is gone and then limit us for awhile followed with prices controlled by their whims.

Jim

Canada tried doing this in the early 1980's. Oil companies and the primary Oil producing Province, Alberta, freaked out and holds a grudge about it to this very day. You are asking a whole lot of companies, Governments, and people to sacrifice $billions for some cause. Not only that, but much of the Oil in the US can't be Profitably extracted for those artificially low prices. So you will end up giving huge subsidies to maintain those Prices.

 

[Strk]

The domestic oil is to end USA dependence on foreign oil, not the whole world. If the price goes up then at least the money might stay in the USA. We have plenty of energy, especially if we get creative and realistic with coal and natural gas making electricity. We could have "electric stations" next to the gas stations when the market allows it.

The tariffs are to keep foreign oil from undercutting US prices until US suppliers go out of business. They have often done that until our infrastructure is gone and then limit us for awhile followed with prices controlled by their whims.

Jim

The only way to get off foreign oil is to get off oil. The irony of the anti-environment movement is that going green is probably the best way to stick it to the Middle East (since that's apparently the priority).

 

[Bitek]

Tariffs will keep prices high enough to continue domestic drilling and any excess could help keep world prices (read Arab profits) from getting too high.
This could mean the days of Middle Eastern oil holding the world hostage may be coming to an end. If this occurs it will be the second time the world has been saved from the Middle East's barbaric (read Barbary) influence by the USA.

Jim

The domestic oil is to end USA dependence on foreign oil, not the whole world. If the price goes up then at least the money might stay in the USA. We have plenty of energy, especially if we get creative and realistic with coal and natural gas making electricity. We could have "electric stations" next to the gas stations when the market allows it.

The tariffs are to keep foreign oil from undercutting US prices until US suppliers go out of business. They have often done that until our infrastructure is gone and then limit us for awhile followed with prices controlled by their whims.

Jim

What the hell is this confusing mess of a theory? How many sides of your ass can to talk out of at once?

Tariffs? What happened to $2 gas and the economy exploding? Gas was at $2.05 last fill up BTW..

But we will use tariffs to lower prices by raising them, but don't worry Trump will only raise prices on the USA, to get back at the middle east, because he is the best at capitalism.


US producers need about $50-60/bbl to be profitable anyway, hence the precipitous drop in rig counts and the large number of energy co bankruptcies going on now.

We don't need more permits as we're shutting in the existing wells due to low price.

Or do you mean permits to drill in Iraq? (after we invade again to fight ISIS and take Iraq's oil to pay for the last time a republican president invaded their country, fucked it up and unleashed a civil war and ISIS/al queda, you know, because they owe us for our troubles.)

 

[Spungo]

Tariffs will keep prices high enough to continue domestic drilling and any excess could help keep world prices (read Arab profits) from getting too high.

This is probably the worst foreign policy idea I have ever heard. Here's how that could play out:
1 - We put tariffs on Saudi oil. This would increase the cost of oil in the US while decreasing the value of Saudi oil.
2 - Saudi Arabia retaliates by accepting yuan and euros for oil.
3 - Putin sees an opportunity to build a relationship with Saudi Arabia, and defensive Russian military assets are moved into Saudi Arabia. This would be similar to the Syria situation. Syria is allied with Russia, so that prevents the US from trying to "liberate" Syria.
4 - This leaves the US in a position where we can't really do anything. We've lost our Saudi ally to Russia, they won't go back to the petrodollar system unless we force them, and we can't force them because Russia is defending them.

It's just a bad idea. Creating enemies is not the solution. Putin has been embarrassing the US for several years now because he's building relationships while we're trying to sour as many as possible. If we want to maintain our standing as a world leader, we need to build relationships as well.

The only way to get off foreign oil is to get off oil. The irony of the anti-environment movement is that going green is probably the best way to stick it to the Middle East (since that's apparently the priority)

This is one issue both parties can agree on - Saudi Arabia must be paid as much as humanly possible. Try to develop green technology? Nonsense, that money belongs to Saudi Arabia! Try to build oil pipelines to Canada? Canadian oil is dirty, so we need to get our oil from Saudi Arabia. The American people won't be happy until 9/11 happens on a yearly basis.