U.S. Gas Exports Force Drivers Into Bidding War With Mexico At Pump

[uscitizen]

Exxon is getting out of refining (or has cut back it's asset base). Most people see refining as a loser.

Exxon focuses on E&P. When oil prices go up, the cost to get at it does not....so why would you expect them not to make a fortune ?

yep going to offshore our refining. We already import refined petro products.
Make us more dependent on other countries for our energy.
That is a great long term plan.

And Ohh yes I expect any corporation to do that if we let them.
They will maximize profits thru any means we let them get away with.

We don't let them get away with anything. They do what they think is best.

Have you noticed how we treat the refining industry in this country. If you don't know....get educated.

It is our own fault for being so dependent.

Are you aware of the shutdowns on the east coast. And I recently heard that Hovensa is shutting down St. Croix. That is a 1/2 milliion BPD refinery.

The long term plan is what we have been pushing as a people for a long long time.

You don't like what "we" are doing ?

It is cheaper to refine oil outside the USA.
We need to remove pollution restrictions and cut worker pay by 75% to become competitive in this global economy.

 

[Synthaholic]

Amazing. Even in the face of a fact-based news story from WaPo, that features data from The Wall Street Journal, the bubble-based Rightwing refuses to acknowledge the evidence.

Can't you understand English?

This from your link:

The WSJ reports:


The drilling boom is being driven by a variety of factors. New technologies have allowed companies to tap vast new oil reserves in places like North Dakota, Texas and, most recently, Ohio. High oil prices are making once-unprofitable fields more tempting….

All that drilling is helping to boost U.S. oil production. The U.S. pumped 3.9 million barrels a day from onshore fields in March, up 5.9% from a year earlier and the most in nearly a decade.

The jackass author credits Obama, you credit Obama, I agree with the WSJ.

I do not give Obama any credit for the increase in drilling and production. Credit goes to the people spending the hundreds of millions of dollars to get the job done. They invest their money, they take the risk- yet Obama should be given the nod? Bullshit.

Obama announces steps to speed oil drilling - CNN

Obama to expand drilling off Alaska, in Gulf - US news - Environment - msnbc.com

RIGZONE - Obama Administration Moves Forward with 'Lease Sale 193' in Chukchi

Alaskan Natives Speak Out After Obama Greenlights Oil Drilling Off Alaskan Coast | Environment | AlterNet

Obama will approve more oil-drilling leases - MarketWatch

Obama Administration Announces New Gulf Oil Exploration Deal - US News and World Report

[ame=http://www.youtube.com/watch?v=rAb0CSq8L60]Obama Announces Steps to Speed US Oil Production - YouTube[/ame]


There are none so blind,

 

[Mr. H.]

Just don't post a link to Obama's $40 billion in proposed taxes on oil and gas.
It's in his budget.

Eastern Gulf of Mexico?
Fergeddaboutit.
ANWR? No way, Jose.

The bitch is tossing crumbs and fools like you gobble it up.

 

[Synthaholic]

Just don't post a link to Obama's $40 billion in proposed taxes on oil and gas.
It's in his budget.

Eastern Gulf of Mexico?
Fergeddaboutit.
ANWR? No way, Jose.

The bitch is tossing crumbs and fools like you gobble it up.

Are you changing the subject? Why?

I thought we were talking about whether production has increased or decreased under the Obama administration. It clearly has increased.

If you want to talk about the taxes, that's fine, too: He wants to raise the 12.5% royalty rate on land-based oil production to 20%, which is and has been the rate for offshore oil production.

For how long has the 12.5% rate been in effect? Since the 1920s.

The oil industry can afford it. Especially since there are thousands and thousands of leases that they pay NO royalty rate on.

 

[Toddsterpatriot]

Hey here is an idea! Lets ridicule all the electric cars, solar and wind power or any other effort to reduce our dependence on fossil fuels.

Let's not ridicule them.

Let's not subsidize them either.

why not? we subsidize the fossil fuel industry.

would we have been in Iraq, etc if they had no oil over there?

We subsidize fossil fuels? How?

 

[Dot Com]

Mr H is shoveling as fast as his conservative, talking-point shovel will let him He was locked-onto my Right-wing, Keystone XL earmark thread like a pittbull too

 

[Toddsterpatriot]

Does this mean that President Obama cannot be blamed by the Right for $4.00 gas?

Folks will cast blame where they will, rightly or not. Like someone else said, Bush took as much heat on the subject.

That's a total cop-out.

I think anyone- Left, Right, etc. is perpetuating an ignorant notion and doing nothing to address the real issues.

Well, since Obama took office, it's been the Republicans - Newt is still doing it as the main theme of his latest attempt to rebound.

No, I don't blame Obama- but I don't credit him with increasing domestinc oil and natural gas production either. To claim so is just as ignorant.

Ignorant, huh?

Yes, oil production is booming under Obama. No, it hasn’t lowered gas prices.
​

Remember Michele Bachmann’s critique of President Obama’s energy policy? “We have resources from coal to oil to natural gas,” she said. “The problem is, under the EPA, they’ve been busy locking up (supplies), especially under President Obama.” Now, the Interior Department controls oil and gas leases, not the EPA, but never mind. Obama, the argument goes, is preventing us from harnessing our vast oil supplies.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

*snip*

Over at Climate Progress, Joe Romm puts together his own chart, using data from the Energy Information Administration, showing that U.S. field production of crude oil is up significantly since 2008.


*snip*

In any case, that’s all context for Bachmann’s promise that she can ratchet gas prices down below $2 per gallon by cranking up domestic production. This boost is already happening under the Obama administration, and gas prices aren’t exactly flying downwards.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

Were these leases and permits given under the Obama administration?
Or were they in the works for years before he was elected?
Has he sold more leases and granted more permits than Bush? Or has he reduced leases since he took office?

 

[Full-Auto]

Folks will cast blame where they will, rightly or not. Like someone else said, Bush took as much heat on the subject.

That's a total cop-out.

Well, since Obama took office, it's been the Republicans - Newt is still doing it as the main theme of his latest attempt to rebound.

No, I don't blame Obama- but I don't credit him with increasing domestinc oil and natural gas production either. To claim so is just as ignorant.

Ignorant, huh?

Yes, oil production is booming under Obama. No, it hasn’t lowered gas prices.
​

Remember Michele Bachmann’s critique of President Obama’s energy policy? “We have resources from coal to oil to natural gas,” she said. “The problem is, under the EPA, they’ve been busy locking up (supplies), especially under President Obama.” Now, the Interior Department controls oil and gas leases, not the EPA, but never mind. Obama, the argument goes, is preventing us from harnessing our vast oil supplies.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

*snip*

Over at Climate Progress, Joe Romm puts together his own chart, using data from the Energy Information Administration, showing that U.S. field production of crude oil is up significantly since 2008.


*snip*

In any case, that’s all context for Bachmann’s promise that she can ratchet gas prices down below $2 per gallon by cranking up domestic production. This boost is already happening under the Obama administration, and gas prices aren’t exactly flying downwards.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

Were these leases and permits given under the Obama administration?
Or were they in the works for years before he was elected?
Has he sold more leases and granted more permits than Bush? Or has he reduced leases since he took office?

 

[Synthaholic]

Folks will cast blame where they will, rightly or not. Like someone else said, Bush took as much heat on the subject.

That's a total cop-out.

Well, since Obama took office, it's been the Republicans - Newt is still doing it as the main theme of his latest attempt to rebound.

No, I don't blame Obama- but I don't credit him with increasing domestinc oil and natural gas production either. To claim so is just as ignorant.

Ignorant, huh?

Yes, oil production is booming under Obama. No, it hasn’t lowered gas prices.
​

Remember Michele Bachmann’s critique of President Obama’s energy policy? “We have resources from coal to oil to natural gas,” she said. “The problem is, under the EPA, they’ve been busy locking up (supplies), especially under President Obama.” Now, the Interior Department controls oil and gas leases, not the EPA, but never mind. Obama, the argument goes, is preventing us from harnessing our vast oil supplies.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

*snip*

Over at Climate Progress, Joe Romm puts together his own chart, using data from the Energy Information Administration, showing that U.S. field production of crude oil is up significantly since 2008.


*snip*

In any case, that’s all context for Bachmann’s promise that she can ratchet gas prices down below $2 per gallon by cranking up domestic production. This boost is already happening under the Obama administration, and gas prices aren’t exactly flying downwards.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

Were these leases and permits given under the Obama administration?
Or were they in the works for years before he was elected?
Has he sold more leases and granted more permits than Bush? Or has he reduced leases since he took office?

Pay attention - the question is:

Is the Obama administration curtailing oil production in the U.S.?

The answer is : No.

But the wingnuts in Congress, running for POTUS, and hosting talk shows all continue to claim that he is, in furtherance of his Green energy policy.

It is clearly false.

 

[Synthaholic]

That's a total cop-out.

Well, since Obama took office, it's been the Republicans - Newt is still doing it as the main theme of his latest attempt to rebound.


Ignorant, huh?

Yes, oil production is booming under Obama. No, it hasn’t lowered gas prices.
​

Remember Michele Bachmann’s critique of President Obama’s energy policy? “We have resources from coal to oil to natural gas,” she said. “The problem is, under the EPA, they’ve been busy locking up (supplies), especially under President Obama.” Now, the Interior Department controls oil and gas leases, not the EPA, but never mind. Obama, the argument goes, is preventing us from harnessing our vast oil supplies.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

*snip*

Over at Climate Progress, Joe Romm puts together his own chart, using data from the Energy Information Administration, showing that U.S. field production of crude oil is up significantly since 2008.


*snip*

In any case, that’s all context for Bachmann’s promise that she can ratchet gas prices down below $2 per gallon by cranking up domestic production. This boost is already happening under the Obama administration, and gas prices aren’t exactly flying downwards.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

Were these leases and permits given under the Obama administration?
Or were they in the works for years before he was elected?
Has he sold more leases and granted more permits than Bush? Or has he reduced leases since he took office?

Do you just have cartoons?

 

[Full-Auto]

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

Were these leases and permits given under the Obama administration?
Or were they in the works for years before he was elected?
Has he sold more leases and granted more permits than Bush? Or has he reduced leases since he took office?

Do you just have cartoons?

ARE YOU CAPABLE OF COMPREHENSION. BOARD HISTORY SAYS NO.

But here you go.


Does Obama Deserve Credit for Increased Oil Production? Hint: No. - Erika Johnsen

 

[Toddsterpatriot]

That's a total cop-out.

Well, since Obama took office, it's been the Republicans - Newt is still doing it as the main theme of his latest attempt to rebound.

Ignorant, huh?

Yes, oil production is booming under Obama. No, it hasn’t lowered gas prices.
​

Remember Michele Bachmann’s critique of President Obama’s energy policy? “We have resources from coal to oil to natural gas,” she said. “The problem is, under the EPA, they’ve been busy locking up (supplies), especially under President Obama.” Now, the Interior Department controls oil and gas leases, not the EPA, but never mind. Obama, the argument goes, is preventing us from harnessing our vast oil supplies.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

*snip*

Over at Climate Progress, Joe Romm puts together his own chart, using data from the Energy Information Administration, showing that U.S. field production of crude oil is up significantly since 2008.


*snip*

In any case, that’s all context for Bachmann’s promise that she can ratchet gas prices down below $2 per gallon by cranking up domestic production. This boost is already happening under the Obama administration, and gas prices aren’t exactly flying downwards.

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

Were these leases and permits given under the Obama administration?
Or were they in the works for years before he was elected?
Has he sold more leases and granted more permits than Bush? Or has he reduced leases since he took office?

Pay attention - the question is:

Is the Obama administration curtailing oil production in the U.S.?

The answer is : No.

But the wingnuts in Congress, running for POTUS, and hosting talk shows all continue to claim that he is, in furtherance of his Green energy policy.

It is clearly false.

"Today on federal land, the area where the president has control, production in the Gulf of Mexico is down 30 percent. Lease sales in Rocky Mountains on federal lands are down 70 percent," Jack Gerard, head of the American Petroleum Institute said.

 

[Mr. H.]

Just don't post a link to Obama's $40 billion in proposed taxes on oil and gas.
It's in his budget.

Eastern Gulf of Mexico?
Fergeddaboutit.
ANWR? No way, Jose.

The bitch is tossing crumbs and fools like you gobble it up.

Are you changing the subject? Why?

I thought we were talking about whether production has increased or decreased under the Obama administration. It clearly has increased.

If you want to talk about the taxes, that's fine, too: He wants to raise the 12.5% royalty rate on land-based oil production to 20%, which is and has been the rate for offshore oil production.

For how long has the 12.5% rate been in effect? Since the 1920s.

The oil industry can afford it. Especially since there are thousands and thousands of leases that they pay NO royalty rate on.

Mr H is shoveling as fast as his conservative, talking-point shovel will let him He was locked-onto my Right-wing, Keystone XL earmark thread like a pittbull too

So I get a little radical at times, big deal.

Nearly doubling the royalty rates will do wonders to "encourage" E&P I'm sure.

"Affording" taxes = paying taxes- that's Obama's way. How many other industries out there can afford to have their taxes raised? No matter- single out oil and gas as the whipping boy.
And when energy prices tumble- and they will- I suppose that 20% would be rolled back to 12.5?

Non-productive leases pay no royalties because there is no... production.
There are however delay rentals to keep the leases in effect.

And the links that others provided just gives further proof that Obama is not responsible for increased drilling and production. Like I said- he deserves no blame for higher prices, nor does he deserve credit for the uptick in activity.

 

[Baruch Menachem]

US refiners produce product, their workers are employed.


the price of a product is determined by worldwide demand and world wide supplies. All that is different is US refiners are part of the Mexican supply chain.

being upset about how the workings of the supply demand equation works is like being upset at the law of gravity or grumbling about the limit on the speed of light. Trying to alter it for your own advantage only leads to problems, and when the interference is severe, disaster.

Then please admit that building the Keystone pipeline will not reduce costs for fuel in the U.S.

The deal was not lowering prices. However, making an open market for Canadian oil Would increase worldwide supply, which would tend to decrease prices. They wanted to send the oil to our refineries as well, remember.

The issue with Keystone is a pipeline from Canada which would allow us to buy more from Canada ( a friendly state) and oblige us to buy less from Saudi (a land run by sociopaths who don't like us.)

What could very much have happened as the Mexican economy grows (and more of them get better paying jobs there is a good thing IMO) that means they will be a large user of petroleum. If we import pete and send back gas, both sides are better off. If every Keystone barrell wound up as refined product in Mexico, we would still be better off by having the jobs processing the stuff. And the worldwide price of oil would be lower because of the large supply of Canadian product.

Keystone would have enriched both us and the Canadians. The only folks to suffer would be the psycho sultans, and they would just take a small price cut which would mean very little change in their sybaritic lifestyles.

 

[asaratis]

Amazing. Even in the face of a fact-based news story from WaPo, that features data from The Wall Street Journal, the bubble-based Rightwing refuses to acknowledge the evidence.

Can't you understand English?

This from your link:

The WSJ reports:


The drilling boom is being driven by a variety of factors. New technologies have allowed companies to tap vast new oil reserves in places like North Dakota, Texas and, most recently, Ohio. High oil prices are making once-unprofitable fields more tempting….

All that drilling is helping to boost U.S. oil production. The U.S. pumped 3.9 million barrels a day from onshore fields in March, up 5.9% from a year earlier and the most in nearly a decade.

The jackass author credits Obama, you credit Obama, I agree with the WSJ.

I do not give Obama any credit for the increase in drilling and production. Credit goes to the people spending the hundreds of millions of dollars to get the job done. They invest their money, they take the risk- yet Obama should be given the nod? Bullshit.

Obama announces steps to speed oil drilling - CNN

Obama to expand drilling off Alaska, in Gulf - US news - Environment - msnbc.com

RIGZONE - Obama Administration Moves Forward with 'Lease Sale 193' in Chukchi

Alaskan Natives Speak Out After Obama Greenlights Oil Drilling Off Alaskan Coast | Environment | AlterNet

Obama will approve more oil-drilling leases - MarketWatch

Obama Administration Announces New Gulf Oil Exploration Deal - US News and World Report

[ame=http://www.youtube.com/watch?v=rAb0CSq8L60]Obama Announces Steps to Speed US Oil Production - YouTube[/ame]


There are none so blind,

Listen all you will to what Obama says he will do. He says what he says to gain votes. What he says he will do is not what he does. Obama has become the Liar-in-Chief!

Oil production is down on federal lands. Oil production is up on private lands. Obama gets no credit for the increase in production. His goal is to decrease US production and cause the price of gasoline to reach the same levels that drivers in Europe pay. (About $10/gal)

 

[Synthaholic]

Do you just have cartoons?

ARE YOU CAPABLE OF COMPREHENSION. BOARD HISTORY SAYS NO.

But here you go.


Does Obama Deserve Credit for Increased Oil Production? Hint: No. - Erika Johnsen

Talk about comprehension issues! The question isn't whether he has gotten credit. The question is whether domestic oil production has decreased under the Obama administration.

For the 10th fucking time, yokel.

 

[Synthaholic]

But is this actually true? Not according to the chart on the right, courtesy of the Wall Street Journal. The number of rigs in the United States has been soaring during the Obama years. Oil drilling is up nearly 60 percent in the past year alone.

Were these leases and permits given under the Obama administration?
Or were they in the works for years before he was elected?
Has he sold more leases and granted more permits than Bush? Or has he reduced leases since he took office?

Pay attention - the question is:

Is the Obama administration curtailing oil production in the U.S.?

The answer is : No.

But the wingnuts in Congress, running for POTUS, and hosting talk shows all continue to claim that he is, in furtherance of his Green energy policy.

It is clearly false.

"Today on federal land, the area where the president has control, production in the Gulf of Mexico is down 30 percent. Lease sales in Rocky Mountains on federal lands are down 70 percent," Jack Gerard, head of the American Petroleum Institute said.

Of course you can point to different examples of it being curtailed in some areas, just like it's being raised in other areas - but that doesn't answer the question:

Has domestic oil production decreased under the Obama administration?

The answer - again - is clearly NO.

 

[Synthaholic]

Just don't post a link to Obama's $40 billion in proposed taxes on oil and gas.
It's in his budget.

Eastern Gulf of Mexico?
Fergeddaboutit.
ANWR? No way, Jose.

The bitch is tossing crumbs and fools like you gobble it up.

Are you changing the subject? Why?

I thought we were talking about whether production has increased or decreased under the Obama administration. It clearly has increased.

If you want to talk about the taxes, that's fine, too: He wants to raise the 12.5% royalty rate on land-based oil production to 20%, which is and has been the rate for offshore oil production.

For how long has the 12.5% rate been in effect? Since the 1920s.

The oil industry can afford it. Especially since there are thousands and thousands of leases that they pay NO royalty rate on.

Mr H is shoveling as fast as his conservative, talking-point shovel will let him He was locked-onto my Right-wing, Keystone XL earmark thread like a pittbull too

So I get a little radical at times, big deal.

Nearly doubling the royalty rates will do wonders to "encourage" E&P I'm sure.

"Affording" taxes = paying taxes- that's Obama's way. How many other industries out there can afford to have their taxes raised? No matter- single out oil and gas as the whipping boy.
And when energy prices tumble- and they will- I suppose that 20% would be rolled back to 12.5?

Non-productive leases pay no royalties because there is no... production.
There are however delay rentals to keep the leases in effect.

And the links that others provided just gives further proof that Obama is not responsible for increased drilling and production. Like I said- he deserves no blame for higher prices, nor does he deserve credit for the uptick in activity.

E&P needs no encouragement. I would think that billions of dollars in profit each year is plenty of incentive for any company.

I think the royalty rate should be on par with the Saudis: 85%. Or the Iraqis: 90%. It's our oil. If they don't want that deal, I'm sure some other oil company would be happy to take it. Hell, Canada charges 25%.

And I'm glad you admit that Obama is not to blame for the increase in gas prices.

 

[Toddsterpatriot]

Pay attention - the question is:

Is the Obama administration curtailing oil production in the U.S.?

The answer is : No.

But the wingnuts in Congress, running for POTUS, and hosting talk shows all continue to claim that he is, in furtherance of his Green energy policy.

It is clearly false.

"Today on federal land, the area where the president has control, production in the Gulf of Mexico is down 30 percent. Lease sales in Rocky Mountains on federal lands are down 70 percent," Jack Gerard, head of the American Petroleum Institute said.

Of course you can point to different examples of it being curtailed in some areas, just like it's being raised in other areas - but that doesn't answer the question:

Has domestic oil production decreased under the Obama administration?

The answer - again - is clearly NO.

As you've shown, it has clearly increased.
You haven't shown that anything he has done has caused the increase.

 

[Robert_Stephens]

Here is Las Cruces, NM, on the southern frontier, those who have passports, we then traffic across the border to the other side of Juarez (no, its not a war zone and that too is bullshit) and fill there. Pemex is $1.01 p/gallon. Down home in Majahual it's $0.61 p/gallon today.....

Robert