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RE: 60 Million gallons of gas to be released - 6/26/2011 9:09:22 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		If these speculators keep digging graves for us, I would get behind dumping the whole fucking works, oil and commodity reserves, depress the market, bankrupt the slimesters, and then pick it back up pennies on the dollar.  Profiting AMERICANS in several ways, and big reduction in deficit to boot. 

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Profile   Post #: 21
RE: 60 Million gallons of gas to be released - 6/26/2011 9:14:50 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: Louve00

The U.S. has 3% of the world's oil supply and as a nation we consume more than 20% of the world supply. We could drill every drop of oil within our borders and we will still be dependent on foreign oil. That's a fact of geology, not politics.


Too bad its a deceptive geological "fact". We have 3% of the worlds PROVEN reserves. But we have 20% of the worlds RECOVERABLE reserves.

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Profile   Post #: 22
RE: 60 Million gallons of gas to be released - 6/26/2011 10:03:52 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Louve00

The U.S. has 3% of the world's oil supply and as a nation we consume more than 20% of the world supply. We could drill every drop of oil within our borders and we will still be dependent on foreign oil. That's a fact of geology, not politics.


Too bad its a deceptive geological "fact". We have 3% of the worlds PROVEN reserves. But we have 20% of the worlds RECOVERABLE reserves.

Are you buying into the claims about the Bakken formation? The claims about Bakken are not proven.

(in reply to willbeurdaddy)
Profile   Post #: 23
RE: 60 Million gallons of gas to be released - 6/26/2011 12:51:19 PM   
slvemike4u


Posts: 17896
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From: United States
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quote:

ORIGINAL: luckydawg

This is a standard Democrat policy. Clinton dumped oil from the STRATEGIC reseres before his re-election and Gores failed bid.

Most conservatives think we should be PRODUCING more domestic oil (lowering both the price and improving our ballance of trade).


This is just vote buying.


Bush had to replace all the oil in the reserve after Clinton Gore drained it to buy votes.


Its wrong.

Though It does show that supply does have something to do with the price, which has been denied so many times by the left on here, it isn't even funny...
So,were a President to drill,baby drill.....thereby according to you bring down the price....that would be the Republican form of "vote buying"....and would have the real effect of depleting at an accelerated rate what are our actual reserves.....both strategic and national reserves of natural resources.
After all as you point out there is oil in the ground....and as long as it remains there it is ours...it remains in the ground perhaps awaiting advances in technology and safety.....advances in those two fields which might allow us at a later date to retrieve it without spoiling our environment?








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Profile   Post #: 24
RE: 60 Million gallons of gas to be released - 6/26/2011 1:07:04 PM   
Sanity


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From: Nampa, Idaho USA
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Since releasing oil from the strategic reserve doesnt do us any good long term it was either to buy votes or it was meant to prop up Obamas failing poll numbers. Either way, it was a political move.

You know, the sort of thing politicians do best, which is give the economy another short term sugar rush as opposed to what it really needs, immediate and long term access to all kinds of plentiful and affordable energy.

Speculators have jack all to do with long term energy, thats just  a convenient whipping post for those who are oblivious to how markets really work. If we really want affordable energy (and a favorable economy) we need to construct some more power plants and drill here, there, and everywhere and build more refineries.

quote:

ORIGINAL: ThatDaveGuy69

I do not feel this was done to buy votes - it is too long before the next election and oil prices will rise & fall several times before then.

I think it was done to get some of the oil speculators out of the market - they are the ones who have been driving the price of oil up through the roof. The political aspect is because the Cons won't pass any meassure that would help the American public while Obama is in office. There are several steps that could be taken by Congress to stop these price run-ups but non will ever see the light of day so long as we're trapped in this gridlock.



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Profile   Post #: 25
RE: 60 Million gallons of gas to be released - 6/26/2011 1:14:08 PM   
tazzygirl


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Joined: 10/12/2007
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quote:

Since releasing oil from the strategic reserve doesnt do us any good long term it was either to buy votes or it was meant to prop up Obamas failing poll numbers. Either way, it was a political move.

You know, the sort of thing politicians do best, which is give the economy another short term sugar rush as opposed to what it really needs, immediate and long term access to all kinds of plentiful and affordable energy.


And the excuses of the other three Presidents who did the same thing before Obama?

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Profile   Post #: 26
RE: 60 Million gallons of gas to be released - 6/26/2011 1:18:32 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: Sanity


Since releasing oil from the strategic reserve doesnt do us any good long term it was either to buy votes or it was meant to prop up Obamas failing poll numbers. Either way, it was a political move.

You know, the sort of thing politicians do best, which is give the economy another short term sugar rush as opposed to what it really needs, immediate and long term access to all kinds of plentiful and affordable energy.

Speculators have jack all to do with long term energy, thats just  a convenient whipping post for those who are oblivious to how markets really work. If we really want affordable energy (and a favorable economy) we need to construct some more power plants and drill here, there, and everywhere and build more refineries.

There are 2 possibilities, First that supply really is short. In this case it is extremely unlikely, even if every even vaguely possible deposit is exploited, that supply will increase enough fast enough to bring prices down. In which case the days of plentiful and cheap energy from fossil fuels is over and the sooner we come to grips with those facts the better.

Or the problem really is speculators and/or the oil companies gouging prices for their own profit. In this case putting oil from the strategic reserve into the market will dive down prices as supply will greatly exceed demand and no amount of market manipulation will be able to disguise that.

In neither scenario does destroying the environment drilling after every drop of oil make sense.

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Profile   Post #: 27
RE: 60 Million gallons of gas to be released - 6/26/2011 4:08:59 PM   
willbeurdaddy


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quote:

ORIGINAL: DomKen


.

In neither scenario does destroying the environment drilling after every drop of oil make sense.


False dichotomy, as usual.

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Profile   Post #: 28
RE: 60 Million gallons of gas to be released - 6/26/2011 4:24:57 PM   
DeviantlyD


Posts: 4375
Joined: 5/26/2007
From: Hawai`i
Status: offline 		A false dichtotomy? *LOL*

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Profile   Post #: 29
RE: 60 Million gallons of gas to be released - 6/26/2011 4:45:26 PM   
DomKen


Posts: 19457
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From: Chicago, IL
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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: DomKen


.

In neither scenario does destroying the environment drilling after every drop of oil make sense.


False dichotomy, as usual.

So what explanation for the high gas prices did I not include? Just so you know a false dichotomy means presenting only two options when there were in fact more than 2.

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Profile   Post #: 30
RE: 60 Million gallons of gas to be released - 6/26/2011 4:55:03 PM   
Sanity


Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline
Sorry ken, your post doeant follow

Allow me to set you straight

Your primary false dichotomy was, drilling or not drilling "for every last drop of oil"

Your secondary false dichotomy was, destroying the environment or not destroying it

No need to thank me. I am only here to help...

quote:

ORIGINAL: DomKen

So what explanation for the high gas prices did I not include? Just so you know a false dichotomy means presenting only two options when there were in fact more than 2.


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Profile   Post #: 31
RE: 60 Million gallons of gas to be released - 6/26/2011 5:09:39 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: Sanity


Sorry ken, your post doeant follow

Allow me to set you straight

Your primary false dichotomy was, drilling or not drilling "for every last drop of oil"

Your secondary false dichotomy was, destroying the environment or not destroying it

No need to thank me. I am only here to help...

No thanks, you weren't helpful

All the easy to get oil has been pumped or is being pumped. At this point "drill here, there, and everywhere" means drilling for the hard to get oil in environmentally sensitive areas. And we need only look at present drilling technology to know that anydrilling will cause damage to the local environment and the more difficult the oil is to get the more damage will be done.

Look at what the relatively easy to get oil has done to the Mississippi River delta.
http://www.lsu.edu/cei/research_projects/Wetlands_final.pdf

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Profile   Post #: 32
RE: 60 Million gallons of gas to be released - 6/26/2011 5:46:11 PM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		Sanity...when you say "the sort of things politicians do best" are you referring to all politicians....or just the evil,stupid liberal Democrat politicians ?

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If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


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Profile   Post #: 33
RE: 60 Million gallons of gas to be released - 6/26/2011 6:08:58 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		I asked you a question, Sanity.

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Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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Profile   Post #: 34
RE: 60 Million gallons of gas to be released - 6/26/2011 6:10:37 PM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		What makes you so special tazzy?Why should he answer your totally reasonable questions...when he answers no one else's?

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to tazzygirl)
Profile   Post #: 35
RE: 60 Million gallons of gas to be released - 6/26/2011 6:18:49 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Because Im just that special.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to slvemike4u)
Profile   Post #: 36
RE: 60 Million gallons of gas to be released - 6/26/2011 6:21:53 PM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		Okay....I can buy that...of course it iS not me ignoring your question.....lol.

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to tazzygirl)
Profile   Post #: 37
RE: 60 Million gallons of gas to be released - 6/26/2011 9:16:33 PM   
erieangel


Posts: 2237
Joined: 6/19/2011
Status: offline 		i don't think the high price of oil has anything to do with supply right now. But that's just my opinion based on the fact that we have a refinery in the next county. United Refining supplies most of the gasoline for at least 5 counties, and they refine only American oil, none imported. Recently, they've had to add a third shift and keep the refinery going 24/7 just to refine all the oil they are getting. In other words...THEY'RE OVER SUPPLIED IN CRUDE!! Yet, the price of gas is so outrageous that i can't go to see my pregnant daughter.

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Profile   Post #: 38
RE: 60 Million gallons of gas to be released - 6/26/2011 9:18:53 PM   
domiguy


Posts: 12952
Joined: 5/2/2006
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quote:

ORIGINAL: luckydawg


Though It does show that supply does have something to do with the price, which has been denied so many times by the left on here, it isn't even funny...






One of the dumbest things ever written. It's not funny because it is not true.



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Profile   Post #: 39
RE: 60 Million gallons of gas to be released - 6/26/2011 9:21:15 PM   
domiguy


Posts: 12952
Joined: 5/2/2006
Status: offline
quote:

ORIGINAL: Sanity


Sorry ken, your post doeant follow

Allow me to set you straight

Your primary false dichotomy was, drilling or not drilling "for every last drop of oil"

Your secondary false dichotomy was, destroying the environment or not destroying it

No need to thank me. I am only here to help...

quote:

ORIGINAL: DomKen

So what explanation for the high gas prices did I not include? Just so you know a false dichotomy means presenting only two options when there were in fact more than 2.



if you drill there will be accidents and you will destroy some of the environment.

Those are facts.


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Profile   Post #: 40
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