Obama's Oil Boom ?

Discussion in 'Politics' started by Navy1960, Dec 19, 2011.

  1. Navy1960
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    Navy1960 Senior Member

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    The U.S. exported more oil-based fuels than it imported in the first nine months of this year, making it likely that 2011 will be the first time since 1949 that the nation is a net exporter of such goods, primarily diesel
    Oil boomlet sweeps U.S. as exports rise


    This is GREAT News for our nation and it should send a message to the White House that energy production, regardless of what it is, Oil, Natural Gas, Solar, Wind, Nuclear, etc. makes this nation stronger and less dependent on others and in turn creates jobs. It would seem a simple solution, however if the President as well as many in congress would simply set their respective politics aside and realize that we are "ALL IN" then perhaps later they can fight over the social issues afterwards.
     
    Last edited: Dec 19, 2011
  2. bitterlyclingin
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    bitterlyclingin Silver Member

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    Making this nation stronger and more self reliant is not one of Obama's goals, never has been and never will be. Spending some twenty odd years seated in the front pew of Reverend Jeremiah Wright's church and listening to one variation or another of "Its not God bless America! Its God d@mn America!" week after week would be expected to do that to a person.
    CNBC's moderators were frothing at the mouth over the Keystone Pipeline this late AM. Unless I miss my guess, most Americans would back the construction of the pipeline at this time in view of America's economic circumstances, based on its promise of 20,000 new jobs and perhaps lowered fuel oil prices. However that's probably not what Obama is going to do, since most Republicans have lined up firmly in back of the pipeline's construction. Obama will first and foremost look to screwing the Republicans, and if necessary the American people, rather than looking after America's best interests, which was what we the people usually elected a president to do in the past.
     
  3. Dragon
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    Dragon Senior Member

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    It's not great news. We haven't been a net oil exporter since 1970, and we're not one now. What we're exporting more of than we import is oil PRODUCTS -- the stuff that comes out of refineries, not oil wells. Makes sense if you think about it: it's cheaper to import the black stuff than the refined stuff, which we can make ourselves. This does NOT mean that U.S. oil production has increased. It is NOT an oil boom.

    That we're exporting oil products also means we're importing more oil than we need to be, which is definitely not good news.

    Oil is a nonrenewable resource, and the U.S. is long past its oil-production peak. We will never again be a net oil exporter.
     
    Last edited: Dec 19, 2011
  4. BlindBoo
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    BlindBoo Gold Member

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    And just how much refined oil (fuel) products have we been importing anyway?

    Refining dirty tar sand from Canada, polluting America so they can sell it somewhere else.

    Not much to cheer about. Well unless you own stock in a company that does this and don't live in Texas.
     
  5. Navy1960
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    Navy1960 Senior Member

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    Based on the actions of several past Presidents and this one , making this nation more self reliant when it comes to it's own energy production has not been high on the agenda. My point is that despite all of that this mini-boom of sorts should provide some incentive to walk down that path finally, regardless of who is in the White House. Both parties have been very lax in their efforts to rid this nation of its need to depend on foreign sources of energy for various reasons, all of them much to the chagrin of our nations citizens. This President should understand that the best way to create jobs is to provide a path for this nation to produce products, goods, energy itself, and in that it will create the much needed jobs they all talk about but do nothing about. My feelings are that if both parties would simply just get out of the way and allow this nation to become a producer again, then perhaps both sides in Washington can debate over more pressing issues after the fact. like for example, Turtle Tunnels, or the Govts' motto.
     
  6. Nova78
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    Nova78 Silver Member

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    The U.S. exported more oil-based fuels than it imported in the first nine months of this year, making it likely that 2011 will be the first time since 1949 that the nation is a net exporter of such goods, primarily diesel

    A lot of the diesel goes to China,they are in a boom from all the walmart goodies they export,,,,
     
  7. Dragon
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    Dragon Senior Member

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    But your point is invalid, because we DON'T HAVE a mini-boom.

    Look, there's something here you don't seem to understand. There are two steps to getting petroleum into a form that it can be used as a fuel (gasoline, diesel oil, etc.).

    1) The petroleum is extracted from its underground deposit.

    2) The petroleum is processed in a refinery to purify the various usable products.

    What we have is a "mini-boom" in step 2 only. We are NOT pumping more oil out of the ground than we used to; we're merely buying it abroad and then refining it here.

    I agree with the goal of energy independence, but we are not going to be able to achieve that as long as out energy economy remains based on petroleum. We simply don't have the oil anymore to do that. The only way we can become energy independent is to base our energy economy on something else.

    We can't drill our way to energy independence because there isn't enough oil left in the U.S. to drill.
     
  8. BlindBoo
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    BlindBoo Gold Member

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    Even if we were producing Oil like were were in the 70's we'd still cover barely half of the demand. But thanks to the Bakken formation we are increasing crude oil production as well. Also with high unemployement rates less Americans are commuting to work so consumption is down too.

    Crude Oil Production

    Crude Oil and Total Petroleum Imports Top 15 Countries
     
  9. Navy1960
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    Navy1960 Senior Member

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    So your saying, that to rid ourselves foreign sources of energy and become a net producer of energy from domestic sources, be it from all those I mentioned in my frist posting is invalid? So I take it your not for Solar, Wind, or any number of renewable sources of energy as well? and that you disagree that the production and construction of those sources of energy as well as domestic production does not increase the prospect of jobs ? That is why I said "ALL IN"

    My point remains very vaild in that with ALL available energy sources including fossil fuels, it's a win win for this nation. Further, to be a net exporter in anything means you are exporting more than you are importing.
     
  10. Chris
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    Chris Gold Member

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    So this is a bogus thread.

    Why am I not surprised?
     

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