Last login: Wednesday, April 3, 2013
Obama declared war on big oil? Big oil has record profits, increased production, and has their tax payer funded subsidies intact.
Yep, the President should stop being so mean to them poor old Oil companies.
I still don't get why y'all seem to believe that the oil production in this country has the capacity to drive prices down GLOBALLY. The U.S. EXPORTS gasoline and sells it for the highest price to who ever will pay it.
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There's a lot to love about this political season. The best analysis I've seen so far notes that the G.O.P. will nominate a Presidential candidate that is a flip flopping Massachusetts 1%er.....Romney is the Republican's John Kerry.
The swift boats are already beginning to circle.
No citation issued for no proof of rabies vaccination or harboring a dangerous animal? No enforcement. No dog owner responsibility.
When is enforcement going to do it's job?
By the way Domestic Oil production did decline every year under Bush:
Glad we agree on a source. :D
For the record domestic oil production declined each of the 8 years of the Bush administration and has increased each year of the Obama administration.
Oil company profits have never been higher ( maybe even have "skyrocketed") and tax payer funded subsidies to oil companies are still in place.
Lots of uncertainty? Looks like the same ol same ol from where I sit.
"So we shouldn't try and increase supply? Maybe we should decrease supply and see what that does - yeah that makes a lot of sense."
It only makes sense if you have no understanding of how OPEC works. We increase our supplies and they cut their production. Prices stay high or go higher still. Check out the late 1970's for a perspective.
Natural gas is cheap? Great! Let's transition electric power plants to natural gas (already happening....tough luck coal) and then push to move to automoblies.
Given that natural gas is so cheap how does it make sense to power automobiles with expensive oil?
The Law of Supply and Demand? Gasoline consumption in the U.S. this year is the lowest it has been in a decade and prices (and inventories) are still high. You can drill the North American Continent dry and as long as the chinese are willing to pay $5 a gallon for gas as they develop, what may soon be, the world's largest economy, and prices will not be going down.
Have you heard of the World Economy?
As long as the Chinese willingly pay more per gallon it is not going down. The U.S. is currently EXPORTING gasoline. Americans may drill it and refine it but the energy corporations are going to sell it to the highest bidder and the Chi-coms have some deep pockets holding American notes.
"I bought that movie (Mr. Smith goes to Washington)several years ago,so I can pass it down to my family"
That's funny Mike....I sent my father-in-law a copy of Andy Griffith in "A Face in the Crowd" a few years back just to prove to him that Rush was nothing new under the sun. If you haven't seen it I can't recommend it enough. Andy Griffith in a powerful very serious role. After seeing it I finally understood why Elia Kazan was blacklisted.
"When I look it the opening negotiations, the starting line is always on the center right column. This is the first time we've ever seriously argued about raising the debt ceiling(a promise to pay our current bills) and if you listen to Republicans ,the entitlements are the biggest drivers of the debt without even considering the cost of our defense spending..Paul Ryan even argued with the defense department because he wanted to give them more than they themself budgeted for."
Sequestration is coming in January and the GOP folks don't seem too keen on the automatic cuts. The House majority has been pretty clear (and amusing) on the limits to being "fiscally" conservative.