Obama to allow oil drilling off Virginia coast and Gulf

[rdean]

CANCUN, Mexico (AP) -- The head of the Organization of Petroleum Exporting Countries said Tuesday that current international oil prices hovering around $80 a barrel are good for the world economy and oil-producing countries.

"In OPEC, we don't want a low price because (a) low price would not permit us to invest, so if we don't invest, we cannot have more oil," El Badri said. "And we don't want a very high price -- that will affect the demand."

OPEC Says Current Oil Prices 'Fair'

So once again, I ask those on the right, "What makes you think offshore oil will cause prices to drop?"

Come on now, make it good.

As I asked in my earlier post- what is this fixation with "dropping" oil prices? Is that the motivation behind finding new reserves in the U.S.? Hardly.

Imagine if the U.S. produced 100% of its petroleum needs... what would the price of oil be today? The same, assuming world supply/demand were as it is today.

This is about jobs, balance of trade, trade deficit, and energy security.

Those are all good points. But they also raise questions.

If since no oil has been found, is it there? Just because the US hasn't allowed "drilling", does that mean no "exploration" has taken place. I read a government report (didn't save a link) that, at the most, domestic supplies could only keep the nation going, at the present rate, for at most, 15 years.

We wouldn't see any oil until 2030.

Do the oil companies pay the US beyond the leases? I don't know.

How many jobs? Isn't a lot of our refining done overseas now?

Would the nation be better served if jobs were rebuilding America's infrastructure?

Anyway, I think those are the types of question that will come up.

 

[Political Junky]

Obama to allow oil drilling off Virginia coast

...

That must be payback for buying a vote for Obamacare.

Except he got no republican votes on health care.

 

[Political Junky]

Boner rebuked Obama's offshore drilling plan. Huge surprise. Several other Cons made negative comments about it too. The party of "No".

Boehner rebukes Obama offshore drilling plan - The Hill's E2-Wire

 

[WillowTree]

You ever get the feeling obamalama and the demoncwats are not trusted? Ever stop, take a breath, and ask why?

 

[Mr. H.]

CANCUN, Mexico (AP) -- The head of the Organization of Petroleum Exporting Countries said Tuesday that current international oil prices hovering around $80 a barrel are good for the world economy and oil-producing countries.

"In OPEC, we don't want a low price because (a) low price would not permit us to invest, so if we don't invest, we cannot have more oil," El Badri said. "And we don't want a very high price -- that will affect the demand."

OPEC Says Current Oil Prices 'Fair'

So once again, I ask those on the right, "What makes you think offshore oil will cause prices to drop?"

Come on now, make it good.

As I asked in my earlier post- what is this fixation with "dropping" oil prices? Is that the motivation behind finding new reserves in the U.S.? Hardly.

Imagine if the U.S. produced 100% of its petroleum needs... what would the price of oil be today? The same, assuming world supply/demand were as it is today.

This is about jobs, balance of trade, trade deficit, and energy security.

Those are all good points. But they also raise questions.

If since no oil has been found, is it there? Just because the US hasn't allowed "drilling", does that mean no "exploration" has taken place. I read a government report (didn't save a link) that, at the most, domestic supplies could only keep the nation going, at the present rate, for at most, 15 years.

We wouldn't see any oil until 2030.

Do the oil companies pay the US beyond the leases? I don't know.

How many jobs? Isn't a lot of our refining done overseas now?

Would the nation be better served if jobs were rebuilding America's infrastructure?

Anyway, I think those are the types of question that will come up.

Here's a map produced by the Minerals Management Service showing reserve estimates. The Atlantic coast is based on old data but you'd probably find their original sources with some searching around:

http://www.doi.gov/whatwedo/energy/ocs/upload/UERR_map_2012-2017.pdf

The estimate of domestic oil supplies "lasting 15 years" assumes that we would rely solely on those supplies while cutting off all imports. This is an impractical scenerio. The U.S. petroleum industry is well over 100 years old and many of the 300,000 oil wells in this country have been producing for decades.

The U.S. is paid for leases based on an auction- usually a bonus price is paid per acre. Auctions occur frequently and generate tems of millions of dollars for the Treasury even before a well is drilled. Royalties are paid on the value of production. Taxes are paid by compainies who sell their oil. Payroll taxes are paid on employees. Much onshore oil production is taxed as real property, so "ad valorum" taxes are also paid to local governments.

It's estimated that additional offshore drilling would generate 1.2 million jobs. There are plenty of unemployed left over to work on infrastructure.

If we won't see new offshore oil until 2030 then that tells me this is 30 years overdue.

 

[Cuyo]

Boner rebuked Obama's offshore drilling plan. Huge surprise. Several other Cons made negative comments about it too. The party of "No".

Boehner rebukes Obama offshore drilling plan - The Hill's E2-Wire

Uck, Boner is disgusting. To keep from becoming physically ill every time he opens his mouth, I have to keep telling myself that eventually, even Conservatives will see through his constant verbal diarrhea.

But for the time being... They just follow like good sheep. "What? What did 'Bay-ner' say? It doesn't go far enough? Hell yeah! It doesn't go far enough! Drill baby drill! Renewables are for liberal pussies!"

Take the hard line position. The position the REAL Americans take. The solution to our heroine addiction? A little more heroine for a short period of time.

 

[oreo]

Obama to allow oil drilling off Virginia coast

...

That must be payback for buying a vote for Obamacare.

Hey they turned the water back on in the rich Joaquin valley in California to obtain a couple of votes on the health care bill. This where the liberals turned off the water in a rich farm land area--generation owned to save a minnow fish---

http://www.brentwoodteaparty.org/tiki-view_blog_post.php?postId=21

Why not oil--to buy a couple of health care votes?--

I'll bet Al Gore is foaming at the mouth over this.

 

[eagleseven]

Obama to Democratic Base: "FUCK YOU!"

 

[oreo]

Boner rebuked Obama's offshore drilling plan. Huge surprise. Several other Cons made negative comments about it too. The party of "No".

Boehner rebukes Obama offshore drilling plan - The Hill's E2-Wire

Uck, Boner is disgusting. To keep from becoming physically ill every time he opens his mouth, I have to keep telling myself that eventually, even Conservatives will see through his constant verbal diarrhea.

But for the time being... They just follow like good sheep. "What? What did 'Bay-ner' say? It doesn't go far enough? Hell yeah! It doesn't go far enough! Drill baby drill! Renewables are for liberal pussies!"

Take the hard line position. The position the REAL Americans take. The solution to our heroine addiction? A little more heroine for a short period of time.

Instead of complaining about the other side--maybe you should write or call your side of the isle and specifically ask "why not one single penny" was included in the 787 BILLION dollar stimulus bill for a nuclear power plant?

If you believe that we can power this country with wind and solar "alone" you are sadly mistaken.

 

[rdean]

You ever get the feeling obamalama and the demoncwats are not trusted? Ever stop, take a breath, and ask why?

Because Republicans are morons, obviously.

Don't forget, Republicans lied about Iraq, lied about health care and now they are lying about titty bars. Will it ever stop?

 

[oreo]

You ever get the feeling obamalama and the demoncwats are not trusted? Ever stop, take a breath, and ask why?

Because Republicans are morons, obviously.

Don't forget, Republicans lied about Iraq, lied about health care and now they are lying about titty bars. Will it ever stop?

--Have you just been cutting and pasting this statement for the last 10 years or what?---

Your empty suit President actually just CREATED a job--THAT DIDN'T COST US BILLIONS TO DO--

You must be really PISSED--that it was in OIL drilling and production---

 

[Ame®icano]

Some six weeks ago, when Obama flipflop on nuclear power, I said this...

Sure it is. When polls are dropping, he'll agree to anything.

I wouldn't be surprised if he come up with idea to drill ...

LINK

____

You were correct.

The post-healthcare "bounce" was hardly noticeable, and has quickly vanished.

Despite the continued glorified rhetoric of the liberal media, Obama's is faltering where it matters most - the opinion of the American people...

I used to work all over Europe and I experienced these things already.

You see, Obama claim he's elected to bring a change. He started changing America into socialist country and immediately started losing on polls. Why, because he had hidden agenda and everything he "accomplished" so far is just turning more Americans away from him. Nothing he has done could improve his polls.

One thing I noticed back in Europe is, whenever those in power are hurting, they are becoming more extreme, they start finding enemies where there aren't any. I wouldn't be surprised if government start arresting people because of political opinions or because they speak freely. What's stopping them? They have system in place, patriot act and hate laws, all they need is a reason. Just wait and watch, there will be a spark to trigger it.

 

[Ame®icano]

Obama to Democratic Base: "FUCK YOU!"

He believes he's elected to do all he wants and he's pushing for it. Maybe Americans elected him to bring health care reform. Maybe not... If he was elected because of health care, polls would show it. Who knows, maybe Americans elected him because he was against offshore drilling. Not anymore.

He doesn't know neither. He'll try anything to bring polls back up. He's getting desperate and that’s most dangerous thing of all.

 

[oreo]

Obama to Democratic Base: "FUCK YOU!"

He believes he's elected to do all he wants and he's pushing for it. Maybe Americans elected him to bring health care reform. Maybe not... If he was elected because of health care, polls would show it. Who knows, maybe Americans elected him because he was against offshore drilling. Not anymore.

He doesn't know neither. He'll try anything to bring polls back up. He's getting desperate and that’s most dangerous thing of all.

Yeap--and this health care shove down our throats bill didn't help him in the polls either.

Daily Presidential Tracking Poll - Rasmussen Reports

 

[sitarro]

He's actually adopting John McCain's "All of the above" philosophy. He has also recently changed his tune on Nuclear Power too. Remember,this was the same philosophy that this President and all Democrats viciously condemned during the campaign. Him and the Dems viciously condemned all kinds of things back when they didn't have the power. Now they're adopting all of the same exact policies they used to b*tch about daily. This is just one of many examples of their blatant dishonesty & hypocrisy. The list is getting pretty long. In the end it is a another Democrat dirty trick though. They will begin pushing their massive Global Warming Boondoggle very soon. Be very careful jumping on this bait.

Barry also criticized MCain for being stuck in the 20th century and yet he jumps into Air Force One for any reason he can come up with. This is the age of real time teleconferencing, why fly for inconsequential bullshit speeches? MCain should have called him on this when he flew around in a 757 for 2 years during the campaign. Here he was playing environment boy while burning 1,200 gallons of jet fuel per hour. Now he is burning over twice that with the 747. But that is a drop in the bucket compared to the fleet of aircraft that follows his Majesties happy ass wherever he goes. C-5As carry his helicopters, limos,, and secret service equipment including the black suburbans......... they burn over 3 thousand gallons of jet fuel per hour apiece. They also have 28 huge aircraft tires that can only be used for a maximum amount of takeoffs and landings......... imagine the cost of replacing 28 car tires, multiply that by at least 10.

Oh and of course, Boooooosh flew on Air Force One.......... I know, we all know, we were here. Booooosh didn't pretend to be an environmental putz, Barry did. Barry didn't go to the Winter Olympics either....... obviously has a problem with the overwhelmingly white participation in the events......... racist shit head.

Yea he absolutely hates half of himself. And since we all know he's a magic negro (all of us black people are in case you didn't know), he should instead Apparate himself and his fleet of people to various places across the world.

Oh wait, what's that? Wasn't it the right winged media incesed when he didn't make an extraneous visit to France to see Sarkozy? Or when he decided not to go to see Brown? Weren't they pissed that he snubbed his nose at our Asian allies by not flying out last sunday to support HC?

Trying to deride a president's environmental stance because he has to travel alot by airplane is just detracting from the fact that this legislation is aimed not at protecting just the environment, but expertly positioning him with a good amount of leverage when it comes time for alternative energy/global warming agenda. Be afraid, be very afraid .

So basically you voted for him because he classifies himself as black.

 

[hyakku]

Barry also criticized MCain for being stuck in the 20th century and yet he jumps into Air Force One for any reason he can come up with. This is the age of real time teleconferencing, why fly for inconsequential bullshit speeches? MCain should have called him on this when he flew around in a 757 for 2 years during the campaign. Here he was playing environment boy while burning 1,200 gallons of jet fuel per hour. Now he is burning over twice that with the 747. But that is a drop in the bucket compared to the fleet of aircraft that follows his Majesties happy ass wherever he goes. C-5As carry his helicopters, limos,, and secret service equipment including the black suburbans......... they burn over 3 thousand gallons of jet fuel per hour apiece. They also have 28 huge aircraft tires that can only be used for a maximum amount of takeoffs and landings......... imagine the cost of replacing 28 car tires, multiply that by at least 10.

Oh and of course, Boooooosh flew on Air Force One.......... I know, we all know, we were here. Booooosh didn't pretend to be an environmental putz, Barry did. Barry didn't go to the Winter Olympics either....... obviously has a problem with the overwhelmingly white participation in the events......... racist shit head.

Yea he absolutely hates half of himself. And since we all know he's a magic negro (all of us black people are in case you didn't know), he should instead Apparate himself and his fleet of people to various places across the world.

Oh wait, what's that? Wasn't it the right winged media incesed when he didn't make an extraneous visit to France to see Sarkozy? Or when he decided not to go to see Brown? Weren't they pissed that he snubbed his nose at our Asian allies by not flying out last sunday to support HC?

Trying to deride a president's environmental stance because he has to travel alot by airplane is just detracting from the fact that this legislation is aimed not at protecting just the environment, but expertly positioning him with a good amount of leverage when it comes time for alternative energy/global warming agenda. Be afraid, be very afraid .

So basically you voted for him because he classifies himself as black.

LOL, i've been on this site for one day, but I think the best part about it is the absolutely incredible responses you get when people run out of that dribble they attempt to pass off as rhetoric up here.

Either that, or everyone up here seriously needs a return to english school for a lesson in sarcasm. Either way, golf clap to you friend, you're incredibly stupid response provided all of my roommates with a good amount of laughter .

 

[sitarro]

Yea he absolutely hates half of himself. And since we all know he's a magic negro (all of us black people are in case you didn't know), he should instead Apparate himself and his fleet of people to various places across the world.

Oh wait, what's that? Wasn't it the right winged media incesed when he didn't make an extraneous visit to France to see Sarkozy? Or when he decided not to go to see Brown? Weren't they pissed that he snubbed his nose at our Asian allies by not flying out last sunday to support HC?

Trying to deride a president's environmental stance because he has to travel alot by airplane is just detracting from the fact that this legislation is aimed not at protecting just the environment, but expertly positioning him with a good amount of leverage when it comes time for alternative energy/global warming agenda. Be afraid, be very afraid .

So basically you voted for him because he classifies himself as black.

LOL, i've been on this site for one day, but I think the best part about it is the absolutely incredible responses you get when people run out of that dribble they attempt to pass off as rhetoric up here.

Either that, or everyone up here seriously needs a return to english school for a lesson in sarcasm. Either way, golf clap to you friend, you're incredibly stupid response provided all of my roommates with a good amount of laughter .

Wow, you have a bunch of roommates, how cool.......... is that sarcastic enough for ya kid? Dumb ass.

 

[editec]

I agree.

Let's see what the left has to say about Obama's decision. I mean, they wanted to "kill Bush" for the perceived lack of concern for the environment.

The "left"?

Which one?

Just in case you don't know it, there's no group of people with less idealogical coherence than what most people here think of as "the Left".

Group think? Hardly.

I've been in rooms of people that most of you would clearly identify as "Leftists" who couldn't reach consensus on whether gravity was really real, or the world just sucked.

There is no more a monolithic "Left" than there is a monolithic "right".

If you doubt that, you really ought to read who the first people Lenin killed (and who tried to kill him, too) when the Bolshies took over Russia.

I suggest you read John Reed's account of the Communist takeover Ten Days that Shook the World.

Thanks for your unsolicited advice on reading material that I have already read years ago.

I'll go with the left in the USA. Most of us have a grasp of that. If you don't know what they are I suppose I could give you an unsolicited reading list, but I don't have the patience for being condescending to you at the moment.

Maybe later, though.

I didn't mean to be consensending but speaking of the "Left" as though it was a coherent group with a single purpose or set of attitudes about things like drilling for oil, is simply wrong headed nonsense.

 

[Harry Dresden]

Can someone explain how this is a "win" for Obama?

The oil companies who lease the land will put any found oil on the Open Market, which means we will have to compete for it. Prices will not go down.

If Obama "mandates" the oil be used in the US, then Republicans will "SCREAM" that Obama is taking over the oil industry.

Where is the "win"?

geezus Dean....no matter what this man does you bitch....you dam Leftists are all alike....Obama cant do nothing to please you guys.....it has to be because he is black....if it was a white Pres. you would be praising him.....how long will it take now for your Leftist Environmental wacko friends to start issuing death threats?......

I asked legitimate questions. All you did was rant. Where was I critical of Obama? What I gave were two scenarios that, to me, are the most likely.

thats Bullshit.....every time he does something you question his actions....what is it with you far leftists anyway....he is the President....he knows what is best for us.....when are your far leftist friends going to start issuing threats?....

 

[Harry Dresden]

You ever get the feeling obamalama and the demoncwats are not trusted? Ever stop, take a breath, and ask why?

Because Republicans are morons, obviously.

Don't forget, Republicans lied about Iraq, lied about health care and now they are lying about titty bars. Will it ever stop?

only when you fucking far leftist stop the bullshit you fuckers throw at all us normal people everyday....you far assholes on BOTH sides should be stranded all together on that island in the TV show Lost.....you deserve each other....then you and them can tell each other lies all day....