Everything Obama does is political, Why release Oil reserves now?

[The Rabbi]

Conservatives do use fear as their favorte tool to manipulate their followers.

i wasn't referring to "conservatives" or the use of fear. i was referring to wingnuts pretending certain circumstances actually exist regardless of what facts exist to the contrary.

You mean leftwingnuts believing:
The Russians were no threat to us
The North Vietnamese only wanted peace
The Khmer Rouge were patriots
Unilateral nuclear disarmament was the key to avoiding nuclear war
Zionism is racism
Israel is an apartheid state
Vaccines cause autism
Al Gore won the 2000 election
Bush lied about WMD
The US lost in Iraq
Terrorist attacks are crimes requiring a police type response
The US's growth rate had reached permanant plateau (late 1970s)
The Japanese would own everything in the US.
The Arabs would own everything in the US.
The Sandinistas were peace loving patriots.
Fidel Castro was not a communist
Dialogue wth N.Korea would prevent their becoming a nuclear power
Dialogue with Iran will preven their becoming a nuclear power
John Edwards was presidential material
Obama had more delegates than Hillary
Obama would bring Hope n Change
High oil prices are caused by greedy oil companies.
The stimulus will keep unemployment under 8%
The stimulus was too small
etc etc.
Basically a 50 year record of failure.

 

[Intense]

Has Obama given up on proper tire inflation?

Hey, I had my tire pressure checked today. Maybe on the 4th of July we can all go around checking each others tire pressure?? Trade in those sparklers and fire crackers for tire pressure gauges? Can ya get more Patriotic than that?

Just a thought, rather than squandering the Strategic Oil Reserve, why not increase it 10 or 30 fold. What does that give us, 30+ days in a crisis? Sure beats what we have now.

 

[thereisnospoon]

Can Offshore Drilling Really Make the U.S. Oil Independent?: Scientific American

Can Offshore Drilling Really Make the U.S. Oil Independent?

In fact, oil companies have yet to take advantage of the nearly 86 billion barrels of offshore oil in areas already available for leasing and development. So why are they chomping at the drill bit to open up the moratorium waters and survey them anew?

"Oil company stocks are valued in large part based on how much proved reserves they have," says Robert Kaufman, an expert on world oil markets and director of Boston University's Center for Energy and Environmental Studies. Translation: just having more promising leases in hand would be worth billions of dollars.

So are promises of U.S. oil independence real—or rhetoric? The issue is not whether the U.S. can significantly reduce its reliance on oil imports with domestic, offshore oil, say both Kaufman and Nathan, but whether there is enough that is recoverable to significantly lower the price of a barrel of oil on the global market.

Even by 2030, offshore drilling would not have a significant impact on oil prices, according to Martin, because oil prices are determined on the global market. "The amount of total production anticipated—around 200,000 barrels a day—would be less than 1 percent of the total projected international consumption."

The article continues;

"Do you think oil companies are going to sell [U.S. oil] to U.S. consumers for anything less than top price?," he asks. "The answer is no."

What if Congress mandated that the offshore oil could not be exported? "The question of how much of that product that comes out, where it goes, I don't think Congress can dictate," industry rep Penniman says. "It goes onto the market. It's a free market system…but it is up to Congress [to pass] the laws on what they will and won't open."

Just more b/s, "drill baby drill" will not actually help anyone but the oil companies...like they're not making enough already.

This is one person's opinion. HE claims new drilling will not affect prices. So that makes it the gospel.
The fact that oil markets reacted as they did yesterday clearly indicates that any news of news supply sources would most definitely be the beginning of a bear oil market.
BTW, as much as you Lefties keep harping on profits, one glaring fact the belies you is while profits are up in raw dollars, the net profit margins are virtually unchanged.
If net profit margins were higher, oil company stock prices would skyrocket. That has not occurred.

 

[Intense]

We need more exploration, drilling, refining and storage, there is no way around that fact.
We also need to stop turning food into fuel, unless you are talking Food Recycling and expired surplus. It is driving up the cost of everything we buy.

 

[Nic_Driver]

In fact, oil companies have yet to take advantage of the nearly 86 billion barrels of offshore oil in areas already available for leasing and development.

Drill baby drill.

 

[Trajan]

Republicans didn't want to do anything about speculators..and they were complaining about rising gas prices.

This is a big fuck you..to that.

Bully!

sooo if there are enough complaints then we release oil from the strategic reserves? I see so, ok, how many times has that happened based on your criteria?

 

[Trajan]

Oh, so why is this news?


Because Obama is doing it.

are you seriously asking ? really?

 

[Trajan]

Republicans didn't want to do anything about speculators..and they were complaining about rising gas prices.

This is a big fuck you..to that.

Bully!

yeah, but he's not allowed to do anything according to the rightwingnut loons. he's supposed to let them spew endlessly without response.

it's like dealing with palestinian terrorists.

so, you sppt the release of the oil form the Reserve?

IF so, why, exactly?

 

[Trajan]

Conservatives do use fear as their favorte tool to manipulate their followers.

i wasn't referring to "conservatives" or the use of fear. i was referring to wingnuts pretending certain circumstances actually exist regardless of what facts exist to the contrary.

and those...are?

 

[Toro]

Releasing oil from the SPR looked pretty ridiculous to me.

 

[Trajan]

Releasing oil from the SPR looked pretty ridiculous to me.

yes, especially after Daley ( the WH chief) floated the idea back in March, when the price was higher and heading higher...*shrugs*..

 

[JRK]

SO the IEA is running this country now?

Who said that? Try to stay on topic.

Is your argument that Obama should not have cooperated with the IEA?


It's a simple question, yes or no...BTW, the right would have hit him either way he went.

I have not hit him
Its a valid question
You and I own that oil, not BHO. The intent of the oil was to use in THIS COUNTRIES needs
I could never figure out what Libya was all about. To release this oil now, well at any time other than the reasons it was created for is pure political

Do you dis agree this is nothing more than another stimulus?

 

[JRK]

Can Offshore Drilling Really Make the U.S. Oil Independent?: Scientific American

Can Offshore Drilling Really Make the U.S. Oil Independent?

The article continues;

"Do you think oil companies are going to sell [U.S. oil] to U.S. consumers for anything less than top price?," he asks. "The answer is no."

What if Congress mandated that the offshore oil could not be exported? "The question of how much of that product that comes out, where it goes, I don't think Congress can dictate," industry rep Penniman says. "It goes onto the market. It's a free market system…but it is up to Congress [to pass] the laws on what they will and won't open."

Just more b/s, "drill baby drill" will not actually help anyone but the oil companies...like they're not making enough already.

This is one person's opinion. HE claims new drilling will not affect prices. So that makes it the gospel.
The fact that oil markets reacted as they did yesterday clearly indicates that any news of news supply sources would most definitely be the beginning of a bear oil market.
BTW, as much as you Lefties keep harping on profits, one glaring fact the belies you is while profits are up in raw dollars, the net profit margins are virtually unchanged.
If net profit margins were higher, oil company stock prices would skyrocket. That has not occurred.

And the American citizen would be a fool not to purchase into the gain
I would and have

 

[Mr. Shaman]

Everything Obama does is political......

Oh, NO!!!

A politician.....working in D.C......doing something....

POLITICAL!!!!!

....And he's BLACK!!!!!

GAWD HELP US, ALL!!!​

 

[Samson]

In fact, oil companies have yet to take advantage of the nearly 86 billion barrels of offshore oil in areas already available for leasing and development.

Drill baby drill.

Absent of an intelligent reply, simply repeat a non sequitur.

 

[Samson]

Republicans didn't want to do anything about speculators..and they were complaining about rising gas prices.

This is a big fuck you..to that.

Bully!

Sorry to break it to you, but the Dems have had an equal (if not more) chance to "do something about speculators."

And DEMS are complaining about gas prices.

And as far as using reserves having any "big" effect, dont expect gasoline prices to change more than a few cents, and then, only in the short run.

The Administration is becomming increasingly aware that it is running out its bag of tricks. The huge weaknesses in the Obama Administration were largely irrelevant during his first two years in office since he had Pelosi and Reid actually running the show.

Then after the November 2011 elections (only SEVEN (7) months ago) and the loss of congress, Biden had to take over (Remember Clinton took over during lunch).

Biden is now running the Administration.

 

[Harry Dresden]

Conservatives do use fear as their favorte tool to manipulate their followers.

ok US Dean.....Democrats dont use fear as a tool i suppose to manipulate their followers?....

 

[Samson]

Conservatives do use fear as their favorte tool to manipulate their followers.

ok US Dean.....Democrats dont use fear as a tool i suppose to manipulate their followers?....

No, Democrats are The Party of Virtue and Purity.







Ok I cannot stand it!!

 

[JRK]

Conservatives do use fear as their favorte tool to manipulate their followers.

ok US Dean.....Democrats dont use fear as a tool i suppose to manipulate their followers?....

Harry answer the question then
what fear?

 

[Trajan]

Republicans didn't want to do anything about speculators..and they were complaining about rising gas prices.

This is a big fuck you..to that.

Bully!

Sorry to break it to you, but the Dems have had an equal (if not more) chance to "do something about speculators."

And DEMS are complaining about gas prices.

And as far as using reserves having any "big" effect, dont expect gasoline prices to change more than a few cents, and then, only in the short run.

The Administration is becomming increasingly aware that it is running out its bag of tricks. The huge weaknesses in the Obama Administration were largely irrelevant during his first two years in office since he had Pelosi and Reid actually running the show.

Then after the November 2011 elections (only SEVEN (7) months ago) and the loss of congress, Biden had to take over (Remember Clinton took over during lunch).

Biden is now running the Administration.

Biden = Cheney