Fair point but I was talking about my speculation post, that speculators are assuming obama won't drill and won't explore.
So once we remove ALL the regulations, let oil companies claim eminent domain on anybody's land, and give them money....
Heavily subsidized doesn't sound ANYTHING like socialism. Nope, not at all...
The land required is either already owned by the oil companies or the government itself. So the eminent domain argument is moot.
Please explain how excusing any business from Federal taxes is socialism?
The land required is either already owned by the oil companies or the government itself. So the eminent domain argument is moot.
Please explain how excusing any business from Federal taxes is socialism?
Hey everybody, if you vote for me, I'll get fuel prices below one dollar. Seriously, write my name in on the ballot. I have an amazing plan. My plan is a lot like Bachmann's but does everything more aggressively. It'll work!
I see that you failed to mention that my plan would not work. Additionally, it's so nice to finally hear a lib admit that environmental laws are essentially a tax on the middle class. BTW: removing all environmental and governmental regulation, it would only take 6 months to build a new refinery. It is the "REGULATION" which slows down the process to a crawl.
So you are willing to destroy fresh water and food supply sources? Are you an idiot?
What? Did I miss something? How does removing regulations mean destroying fresh water and food supply sources would be fine?
Let the crazy promises begin!!
Bachmann: I'll get gas under $2 - Dan Berman and Molly Ball - POLITICO.com
How do you think that'll happen. Isn't oil freely traded? I guess you could nationalize the oil industry and regulate gas prices. That would be nothing like socialism...
No, I am saying the US produced more oil then it has for a decade, the US also used alot less oil then it has been ( I believe by over 1 million bpd) yet oil prices are fairly high. Speculators do not and can not control the price of oil for the long term, they do not want to get stuck with the oil actually being delievered. Over the short term certainly oil speculators can have an effect. But if the actual supply is greater then the actual demand (both being phyiscal numbers for delievery and consumption, the price will go down. As prices have remained fairly high since around the start of 2010. It is good indicator that demand is fairly high outside of the US.
Just stating the US is going to open up all areas for drilling is not going to have an effect unless those areas come on line in production, and can do so at higher rate then other areas decline. Recall the US is the worlds third largest producer of oil, yet it does not have the third largest reserves (economically proven), it does not even have the 10th largest reserves. The US can not drill its way to energy independance. It does not have the resources to economically do so ( it could do so at a cost of $200 a barrel, if it choose to)
You are conveniently ignoring this.
Oil shale — Colorado, Utah deposits rival OPEC reserve
Published: Sunday, June 10, 2007 12:07 a.m. MDT
By Joe Carroll
Bloomberg News
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That's not science fiction. Trapped in limestone up to 200 feet thick in the two Rocky Mountain states is enough so-called shale oil to rival OPEC and supply the U.S. for a century.
Exxon Mobil Corp. and Chevron Corp., the two biggest U.S. energy companies, and Royal Dutch Shell Plc are spending $100 million a year testing new methods to separate the oil from the stone for as little as $30 a barrel. A growing number of industry executives and analysts say new technology and persistently high prices make the idea feasible.
"The breakthrough is that now the oil companies have a way of getting this oil out of the ground without the massive energy and manpower costs that killed these projects in the 1970s," said Pete Stark, an analyst at IHS Inc., an Englewood, Colo., research firm. "All the shale rocks in the world are going to be revisited now to see how much oil they contain."
So you are willing to destroy fresh water and food supply sources? Are you an idiot?
No of course I am not an idiot. Idiots are those who believe that oil drilling destroys, en mass, fresh water and food supplies.
You are conveniently ignoring this.
Oil shale — Colorado, Utah deposits rival OPEC reserve
A growing number of industry executives and analysts say new technology and persistently high prices make the idea feasible.
No of course I am not an idiot. Idiots are those who believe that oil drilling destroys, en mass, fresh water and food supplies.
Let the crazy promises begin!!
Bachmann: I'll get gas under $2 - Dan Berman and Molly Ball - POLITICO.com
How do you think that'll happen. Isn't oil freely traded? I guess you could nationalize the oil industry and regulate gas prices. That would be nothing like socialism...
This has to be one of the most absurd things I have read to date on this forum. "$1.79 was the result of the near collapse of the banking industry"? Then you follow it up with this gem; "Drilling is likely to cause OPEC to drop their production proportionately."
Listen, if you want $2.00 per gallon gas within a year (probably much less than $2.00), here is what ANY politician could propose:
1) Allow all of America's oil to be drilled and or minded.
2) Eliminate any governmental/legal regulation associated with drilling, refining and transporting of the oil/gas
3) Eliminate any and all environmental regulations associated with any aspect of the supply chain.
4) Heavily subsidize through tax breaks and credits any corporate entity willing to make this investment.
There you have it, a simple 4 step plan to $2.00 oil. In other words, flood the market with supply (or the potential for supply) market prices drop...simple economics.
No of course I am not an idiot. Idiots are those who believe that oil drilling destroys, en mass, fresh water and food supplies.
She's never going to defeat Perry with dishonest, empty statements like that. She should have instead told GOP voters that the high price of fuel was God's punishment for electing Obama.
its kind of like this Nevergolfpar.....some people can sit down and eat a meal and get buy with just a napkin, and maybe not even need it....... others have to wear a bib because they get food all over themselves consistantly and therefore they believe that the rest of the world is just as messy as they are because doing things in a clean and safe manner is just impossible
Just as Perry killed off Bachmann, the question now is will Palin jumping in in September kill off Perry?
You're missing one little line from there.
So let's say they tap that. According to your model, the prices sink dramatically. Thus, making the second condition at play here go away -- you wouldn't have persistently high prices anymore.
The prices are pretty high right now, right? So given that, and assuming they have the technology to extract it cheaply, the one thing stopping them is......Obama??? :lamo
If you read the article with an open mind you would see that oil comps expect to make oil at $30.00 a barrel. As I said in an earlier post oil used to drop below that but probably won’t again, I am ok with oil between $30.00 a barrel and $70.00 a barrel. That gives oil comps their “persistently high price” and gives us affordable oil. What you need to admit to yourself is you don’t want affordable oil, that is why you try to say we can never have it.
If oil sells at $30/barrell, the oil companies can't make $30/barrell. They can't make their margen at $70/barrell either. They need high oil prices to make $30/barrell.[/QUOT
To be honest I would be happy with consistant oil prices, anything under $100.00 a barrel that we could count on from our own reserves would make me smile. I am tired of being jerked around by OPEC.
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