Scarce Oil? U.S. Has 60 Times More Than Obama Claims

Discussion in 'Energy' started by Jroc, Mar 15, 2012.

  1. Jroc
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    Jroc יעקב כהן Supporting Member

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    U.S. Awash In Oil


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    The Myth Of Scarce Oil
     
  2. uscitizen
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    uscitizen Senior Member

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    all speculation until it is extracted from the ground.

    Shale oil is problematic to extract at best.

    Kinda like ethanol takes about as much energy to extract as the finished product yields.
     
  3. Jroc
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    Jroc יעקב כהן Supporting Member

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    The point is Obama is a liar, He laughs and makes jokes while Americans suffer. if we put our minds to it we can get that oil
     
  4. rdean
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    rdean rddean

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    Wow, your link makes it sound so easy. Too bad about reality stepping in. Every notice how facts and reality always seem to fuck up right wing schemes?
     
  5. sealybobo
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    sealybobo Diamond Member

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    Gas Price Facts: Domestic Oil Production Is At Eight-Year High | ThinkProgress

    Looks like we have drilled more oil under Obama than we did under Bush and still gas prices are going up. Go figure.

    As international tensions and Wall Street speculation move the national gas price average closer to $4, Republicans have charged that Obama is “intentionally” raising prices.

    attacks that claim we’re “not expanding our domestic energy capacity” like Cornyn’s “couldn’t be more misguided.”

    With gas price misinformation everywhere, a few facts on oil production stand out:

    – Under the Obama administration, domestic energy production is at its highest level in eight years.

    – The U.S. has more oil and natural gas drilling rigs than the rest of the world. The number of rigs have exploded in the past three years to 1,272.

    – “After declining to levels not seen since the 1940s, U.S. crude production began rising again in 2009,” writes the Houston Chronicle.

    – The Energy Department confirmed yesterday that the U.S. exported more oil-product than imported for the first time since 1949.

    – The five oil giants benefited from $200 million more profit for every penny rise in quarterly gas prices. Yet the industry still benefits from $40 billion in subsidies.

    Clearly, we’re producing more oil:
     
  6. Zander
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    Zander Platinum Member

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    Oil is dirty - Algae though!!......that shit be clean!!! Just axe Obama...and Algore

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    Last edited: Mar 15, 2012
  7. Zander
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    Zander Platinum Member

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    Libtards are against anything that improves man's life.

    Oil is natural. It comes from Earth. Libtards are against nature.
     
  8. Jroc
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    Jroc יעקב כהן Supporting Member

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    :cuckoo: You idiot the federal government makes more money off oil than oil companies do and oil production is up in spite of Obama previous permits and private land drilling, nothing to do with Obama
     
  9. sealybobo
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    sealybobo Diamond Member

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    How do you have a serious discussion with idiots like this. Facts scare them.
     
  10. Zander
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    Zander Platinum Member

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    Obama is for the "working man" - that's why he wants to see gas prices increase to $8.00 a gallon. He cares....
     

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