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Title: So why can't we drill for our own oil??????
Source:
American Thinker
URL Source: http://www.americanthinker.com/2011 ... nly_way_out_for_the_ameri.html
Published: Mar 5, 2011
Author: Steve Mc Cann
Post Date: 2011-03-05 15:35:28 by CZ82
Keywords: None
Views: 63894
Comments: 70
Economic despair reigns in America, as stagnation and mounting debt make our future look hopeless. Yet America is uniquely positioned to rebound and recover our economic preeminence. All that is necessary is a political decision to reverse our energy policy and stimulate domestic production of hydrocarbons. From that would flow a true economic stimulus that would mend many of our ills. The United States is again, for the second time in less than three years, being reminded of its absurd dependence of foreign sources of energy, most notably, oil. The upheavals in the Middle East have driven up the cost of a barrel of oil into triple digits as it was in 2008. The increasing demands of countries such as China and India and the deliberate devaluation of the dollar by the Federal Reserve and the Obama administration are steadily pushing up oil prices in dollars. The country's dependence of foreign sources has increased to 52% of the daily requirement as compared to 45% just 15 years ago. Over half of that amount comes from countries that are inherently unstable or ruled by despotic regimes whose interest it is to de-stabilize the United States. Yet the United States is sitting on the world's largest untapped oil reserve. A natural resource that would not only mitigate the over $400 Billion sent overseas to other countries but could create untold millions of jobs and put the country on a sound financial footing. The untapped reserves are estimated up to 2.3 Trillion barrels, nearly three times the reserves held by the OPEC countries and sufficient to meet 300 years of demand, at today's levels -- for auto, truck, aircraft, heating and industrial fuel, without importing a single barrel of oil. The US could become the single largest exporter of oil and oil related products in the world, thus potentially eliminating its trade deficit, and increasing the national standard of living as well as making a massive dent in the national debt. Here is a look at some of the largest untapped reserves: The Bakken Fields in North and South Dakota. New drilling and oil recovery technology is making the capture of this oil feasible and some development is now underway. It is estimated that there is at least 200 Billion barrels of oil in this region. At a price of $100 per barrel the value of this find is $20 Trillion. The Outer Continental shelf. It is estimated that around 90 billion barrels of oil sit beneath the ocean bed 50 to 100 miles off the shore of the Atlantic, Pacific and Gulf coasts. The value: $9 Trillion. The Alaska National Wildlife Refuge. About 10 billion barrels are locked up here with a current value of $1 Trillion. Tar Sands: Around 75 Billion barrels of oil could come from these areas which are similar to the Canadian tar sand fields and which now produce about 2 million barrels per day. The value: $7.5 Trillion Oil Shale. This is the most massive area of potential oil production in the world with an estimated 1.5 Trillion barrel potential. The technology necessary to extract this oil is now in place and being operated on a pilot project basis. The value of this resource: $150 Trillion There also the very real potential that further finds will be discovered as technology continues to improve. In total the value of the potential oil reserves of the United States listed above exceeds $187 Trillion. The current national debt is $14.2 Trillion or less than 8%. Despite the protestation of President Obama and the environmentalists the world and particularly the United States is not running out of oil. Their foolish tilting at windmills and solar will never produce energy sufficient to operate a $14Trillion and hopefully growing economy. It will be decades if not the rest of the 21st Century before any meaningful substitute for fossil fuels will be developed and additional time and investment will then be necessary to distribute the product. Mankind's ingenuity has and will continue to develop technology to safely extract, process and market fossil fuels (which is a naturally occurring resource). But the United States must begin now to open the areas for exploration, and permit the construction of refineries and pipelines. It is beyond absurd that a country sitting on so much natural wealth refuses to exploit it for the benefit of its citizens and instead deliberately puts the nation in the position of being subjected to the whims of others and face national insolvency. It almost appears to be deliberate.
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#2. To: CZ82 (#0)
(Edited)
Why can't we drill for our own oil? For the same reason we can't build our own nuclear power plants. The environmental kooks on the lunatic left are hell-bent on shutting down progress and returning us to the stone age. While you are correct on the surface, I wonder if it goes deeper than that? Those groups you mentioned have influence far beyond their numbers. Is it not possible that they just provide convenient cover?
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" What a lot of these "groups" won't talk about while they attempt to preserve natural resources is the direct "cause" or the "root" of the issues confronting everyone. Unrestrained and rising human population growth is destroying the planet. If everyone would wear a condom before fucking their brains out this issue wouldn't be evident.
When one of them offers to take it to the next level and help out the situation by offing his/herself, then I'll listen. Till then, they're just part of the "rules are for thee, but not for me" crowd. Their bloviations aren't worth the time of day.
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" Exactly. This demonstrates a fundamental difference between the right a left. The left views people as a burden. The right views them as a resource.
we could drill everywhere there's oil in the U.S. and still not have enough to meet our needs. (See: seattletim es.nwsource.com...0009_newdrillingop10.html And, the companies drilling for that oil are free to sell it on the open market to the highest bidder. So as China continues to increase it's demand for oil the oil companies can continue to keep prices high and improve profits. Surely you aren't suggesting that the government mandate that oil companies operating in the U.S. sell oil to U.S. consumers, right? BTW, how much did we spend this year to subsidize oil companies in the U.S. this year? Oh, and if you really want to reduce dependence on foreign oil, raise mandatory MPG rates for automobiles.
Since January 3, 2011, Republicans have controlled the power of the purse.
Good idea! What do you suggest? 40MPG? 50? 100? Then, after we do that, we can raise the mandatory minimum wage to reduce our dependence on foreign workers! Hey I like your thinking. Hell, why doesn't Congress pass a law to just lower the allowable average maximum temperature to alleviate your (bogus) global warming/climate change?
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" This looks pretty good. In setting the record the Passat BlueMotion travelled a distance of 1,531-miles, the equivalent of driving from London to Malaga, without needing to refuel or travelling from Los Angeles to New York with a single stop for fuel. Powered by a Volkswagen 1.6-litre common rail TDI engine developing 105 PS, the Passat BlueMotion used for the record attempt was a standard production model. www.examiner.com/autos-in...pg-for-a-new-world-record and for fun Ten Collector Cars to Collect in a Gas Crisis www.hagerty.com/lifestyle/hobby_article.aspx?id=33890 We still have one of these in the family. But there are others, like the Nash 600 and Nash-Healey, that provide leg-stretching room and a place to store some luggage. A $60,000 Nash-Healey may seem like a pricey alternative to your Model A, but if gas prices keep climbing, won’t the values of such cars increase too? If so, they will be a good investment. Plus, you’ll save hundreds of dollars in gas each year.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
In setting the record the Passat BlueMotion travelled a distance of 1,531- miles, the equivalent of driving from London to Malaga, without needing to refuel or travelling from Los Angeles to New York with a single stop for fuel. The host of The Car Show on KSFO this afternoon said he took a Volt home and test drove it under varying conditions. 114 MPG.
"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"
Thanks for using one of our graphics.
I've always argued that TDI is a far smarter approach for reducing fuel use than electric cars which create their own environmental issues related to heavy metals used in batteries (production and waste storage issues are going to get worse as electric car demand increases).
Since January 3, 2011, Republicans have controlled the power of the purse.
Do you want to reduce dependency on foreign oil or not? If you do, "drill baby drill" won't give you the results you desire.
Since January 3, 2011, Republicans have controlled the power of the purse.
It is the solution to the problem as defined by the masters.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
Okay, let's get this straight. Increased drilling of US domestic oil WILL NOT reduce US dependence on forgeign supplies. By that logic, let's shut down domestic production completely. Then we'll be awash in oil!
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" Here Amos maybe you can get some solace from reading this article and understanding what you're dealing with.... Psychiatrist Confirms: Liberalism Is a Mental Disorder February 17, 2008 Psychiatrist Confirms: Liberalism Is a Mental Disorder As a clinical and forensic psychiatrist, Lyle Rossiter has treated over 1,500 patients and examined over 2,700 civil and criminal cases. Turning his hand to political psychopathology, the author of The Liberal Mind: The Psychological Causes of Political Madness, has diagnosed an alarming percentage of the population as suffering from the grotesque form of mental derangement known by some as moonbattery. Among Rossiter's observations: Based on strikingly irrational beliefs and emotions, modern liberals relentlessly undermine the most important principles on which our freedoms were founded. Like spoiled, angry children, they rebel against the normal responsibilities of adulthood and demand that a parental government meet their needs from cradle to grave. A social scientist who understands human nature will not dismiss the vital roles of free choice, voluntary cooperation and moral integrity — as liberals do. A political leader who understands human nature will not ignore individual differences in talent, drive, personal appeal and work ethic, and then try to impose economic and social equality on the population — as liberals do. And a legislator who understands human nature will not create an environment of rules which over-regulates and over-taxes the nation's citizens, corrupts their character and reduces them to wards of the state — as liberals do. The roots of liberalism — and its associated madness — can be clearly identified by understanding how children develop from infancy to adulthood and how distorted development produces the irrational beliefs of the liberal mind. When the modern liberal mind whines about imaginary victims, rages against imaginary villains and seeks above all else to run the lives of persons competent to run their own lives, the neurosis of the liberal mind becomes painfully obvious. Basically liberalism is a willful failure to mature beyond adolescence that can have catastrophic consequences for society. With luck, the official diagnosis of this disease by a mental health professional will facilitate the search for a cure.
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
Are you going to force the oil companies to sell what they produce to the U.S. market? What if they would rather sell the oil they produce to the highest bidder?
Since January 3, 2011, Republicans have controlled the power of the purse.
I'm waiting for the conservatives to flatly state that oil companies should be forced to sell oil to U.S. consumers at below market rates. The floor is yours Ignore Amos.
Since January 3, 2011, Republicans have controlled the power of the purse.
This understanding legislator would support free trade, elimination of tariffs, the right of an employer to hire any worker he wishes anywhere in the world, to locate his manufacturing where he wishes, and unfettered access to markets. The free, responsible man does not need the government to protect his job or his market.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
Nor do the "drill baby, drill" conservatives seem to be taking into account the higher cost of extracting, for example, shale oil. From Wikipedia: Oil shale economics deals with the economic feasibility of oil shale extraction and processing. The economic feasibility of oil shale is highly dependent on the price of conventional oil, and the assumption that the price will remain at a certain level for some time to come. As a developing fuel source the production and processing costs for oil shale are high due to the small nature of the projects and the specialist technology involved. A full-scale project to develop oil shale would require heavy investment and could potentially leave businesses vulnerable should the oil price drop, as the cost of producing the oil would exceed the price they could obtain for the oil. Oil shale deposits in the USA, Estonia, China, and Brazil have been important over the past hundred years.[1] Presently few deposits can be exploited economically without subsidies. What is to prevent OPEC from keeping prices high until our more expensive oil comes to market and then dropping prices? Its happened before. Government subsidies and price guarantees here we come.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
Exactly right - the biggest reason why Saudi Arabia is the world's biggest exporter of oil is because it's the easiest place to get the oil from. Production costs from Saudi fields are far lower than that of the North Slope or Gulf of Mexico. but you and I keep making the mistake of focusing on "facts". :-)
Since January 3, 2011, Republicans have controlled the power of the purse.
But you need the government to tell oil companies to sell their products to U.S. consumers at below market rates, right? :-)
Since January 3, 2011, Republicans have controlled the power of the purse.
I guess that makes us members of the reality based community.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
Here is who is really getting the energy subsidies: the GOP cuts $27 million from poison control but won't touch these subsidies. And we're supposed to take them seriously when they say they want to cut spending and reduce the deficit?
Since January 3, 2011, Republicans have controlled the power of the purse.
Too bad I can't read your graph.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
try this one. who was president around 1985? Since January 3, 2011, Republicans have controlled the power of the purse.
With some, I think it's their religion. They have their saints and icons (FDR, Saul Alinski, Bill Clinton, Obama), their Church (Unions and/or the democrat party), and their houses of worship (Rev. Wright's church, any union hall) Their equivalent of the Vatican is Washington, DC. It's too bad they've bastardized a perfectly good word like liberal - which shares a root word with "liberty" and "liberate". Classic liberals like Thomas Jefferson are probably rolling over in their graves. The term "statist" fits them much better
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" _____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" The floor is yours Ignore Amos. If you didn't learn basic economic laws like "supply and demand" in school, then I can't help you.
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" Is that what they're calling "ivory towers" these days?
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" You are the one ignoring those laws - China's oil demand is growing faster than ours. Why wouldn't the oil companies simply sell whatever they produce in the U.S. to the highest bidder, regardless of locale? You still haven't explained how increasing production of U.S. based sources is going to lead to cheaper gas prices for U.S. consumers absent any requirement that the oil be sold to U.S. consumers.
Since January 3, 2011, Republicans have controlled the power of the purse.
That's true - some of the oil produced from Alaska for example is exported to the far east because it's cheaper for U.S. refiners to bring oil in from the Middle East or Venezuela then to bring it across the country from Alaska. And, most U.S. refineries aren't set up to refine Alaska crude. just more examples of why "drill baby drill" is nothing more than a marketing slogan designed to appeal to those who don't really know much about energy.
Since January 3, 2011, Republicans have controlled the power of the purse.
You still haven't explained how increasing production of U.S. based sources is going to lead to cheaper gas prices for U.S. consumers absent any requirement that the oil be sold to U.S. consumers. Right now the supply of oil is maintained at a constant level by the oil producers of the world, mainly OPEC. This has the effect of making oil prices higher when the demand is higher and cheaper when demand is lower. So if more oil is released to the market through increased production then the price of oil will fall. This would benefit every oil purchasing country in the world, not just the USA.... Simple supply and demand Economics 101..... Another thing that would help oil prices is building a few more refinerys. Hurricane Katrina showed the world the falicy of our governments policy of having no back up resources in case of emergency....... Oh and by the way did you notice who currently get the majority of government subsidies...... Ethanol, solar tech and refined coal..... if you add in those subsidized for electrical generation then you get windmills..... All of these are so expensive that can't stand on their own hence the government subsidies. There have also been studies done on cheaper and more ECO friendly ways to produce Ethanol (even though Ethanol is useless). But they aren't pursued because the Democrats don't want to,(unions, farmers and consumer pricing... I.E. votes) and the Republicans won't because they know ethanol is useless......
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
Only if demand remains constant, and only if U.S. refiners will take U.S. oil versus light-sweet crude which is easier and cheaper to refine. The reality again is that study after study has shown that there simply isn't enough oil within the U.S. to meet growing demand. "Drill baby drill" will not result in lower gas prices, reducing demand will, but Conservatives never want to address the "demand" side of supply and demand. Raise CAFE to 40-50 MPG and you could eliminate the need to import any oil from Saudi Arabia.
Since January 3, 2011, Republicans have controlled the power of the purse.
Could oil stand on its own if we funded our military operations in the middle east through a gas tax (since most of our involvement in that area is tied to the need to protect our oil supply)? (And I agree with you that subsidies for oil/gas companies as well as ethanol ought to be eliminated).
Since January 3, 2011, Republicans have controlled the power of the purse.
Since our paint brush is nice and broad today . . . Statists never want to recind any law or regulation (statists are never wrong, doncha know?) Statists will just keep piling law upon law and regulation upon regulation - till we somehow get it right. Statists don't undestand the laws of "unintended consequences". For instance, statists cannot recall what happened the first time so-called CAFE standards were forced upon automakers by all-knowing and all caring big-government. The result was the eeeeevil gas-guzzling SUV's (exempt from CAFE because they were classed as trucks.) Somehow, the unwashed masses were just not willing to be shoe-horned into cracker box 50MPG death-traps. Yes sir, statists have all the answers. Funny, it ALWAYS involves bigger and bigger government.
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" What would you have conservatives "do"? Conservatives - by definition - (and please try to follow along here - I'm not talking about republicans, I'm talking about conservatives) are generally for free markets Remember the Radio Shack TRS80 (commonly known as the Trash 80). I remember seeing a circa early 1980s ad for one, where it was going for around $5000. It was (by today's standards) very primitave and very expensive. True, demand was low (people didn't know they wanted PCs), so the cost per unit to manufacture them was high. Hence, the high price. As demand (and more importantly competition) increased, prices came down. If statists would just get the hell out of the way, and let energy prices be determined by the market, prices would at least stabilize. Would prices eventually go up? Probably, as oil is a finite resourse. But, as oil became more expensive, other energy sources would be developed and competition would bring those prices down. And, while we're at it. Why don't we have more nuclear power plants? Is it not the statists/leftists (the same ones who whine about "Big Oil") who have prevented us building those?
_____________________________________________________________________________________________ Woman at a dinner party, speaking to Calvin Coolidge - "I bet someone that I could make you say more than 3 words" support raising CAFE standards.
Since January 3, 2011, Republicans have controlled the power of the purse.
support raising CAFE standards. Did you even look at what I posted earlier? That is more gov't regulation and law, which goes against everything conservatives believe in. Now if you want to lobby the GOP for that, you'll probably have some success. Your buddy Bush just LOVED gov't programs
_____________________________________________________________________________________________ Check out gasifier technology for certain applications.
"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"
Yep, and the alternative is deal with a rapid shock to the economy when oil supplies are quickly constricted. Look, if you don't want government regulation and law then don't complain when gas prices spike to over $4.00 and don't complain about imported oil.
Since January 3, 2011, Republicans have controlled the power of the purse.
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"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#3. To: jwpegler (#2)
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#4. To: Ignore Amos, jwpegler (#3)
#5. To: buckeroo (#4)
Unrestrained and rising human population growth is destroying the planet.
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#6. To: Ignore Amos (#5)
When one of them offers to take it to the next level and help out the situation by offing his/herself, then I'll listen.
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#7. To: jwpegler (#2)
(Edited)
Why can't we drill for our own oil? For the same reason we can't build our own nuclear power plants. The environmental kooks on the lunatic left are hell-bent on shutting down progress and returning us to the stone age.
#8. To: go65 (#7)
Oh, and if you really want to reduce dependence on foreign oil, raise mandatory MPG rates for automobiles.
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#9. To: go65 (#7)
Oh, and if you really want to reduce dependence on foreign oil, raise mandatory MPG rates for automobiles.
#10. To: lucysmom (#9)
(Edited)
This looks pretty good.
#11. To: jwpegler (#2)
#12. To: lucysmom (#9)
Powered by a Volkswagen 1.6-litre common rail TDI engine developing 105 PS, the Passat BlueMotion used for the record attempt was a standard production model.
#13. To: Ignore Amos (#8)
Good idea! What do you suggest? 40MPG? 50? 100?
#14. To: go65 (#13)
Do you want to reduce dependency on foreign oil or not? If you do, "drill baby drill" won't give you the results you desire.
#15. To: go65 (#13)
Do you want to reduce dependency on foreign oil or not? If you do, "drill baby drill" won't give you the results you desire.
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#16. To: Ignore Amos (#15)
By that logic, let's shut down domestic production completely. Then we'll be awash in oil!
#17. To: Ignore Amos (#15)
Increased drilling of US domestic oil WILL NOT reduce US dependence on forgeign supplies.
#18. To: lucysmom, ignore amos (#14)
It is the solution to the problem as defined by the masters.
#19. To: CZ82 (#16)
And a legislator who understands human nature will not create an environment of rules which over-regulates and over-taxes the nation's citizens, corrupts their character and reduces them to wards of the state — as liberals do.
#20. To: go65 (#18)
I'm waiting for the conservatives to flatly state that oil companies should be forced to sell oil to U.S. consumers at below market rates.
#21. To: lucysmom (#20)
Nor do the "drill baby, drill" conservatives seem to be taking into account the higher cost of extracting, for example, shale oil.
#22. To: lucysmom (#19)
The free, responsible man does not need the government to protect his job or his market.
#23. To: go65 (#21)
but you and I keep making the mistake of focusing on "facts". :-)
#24. To: go65 (#7)
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#25. To: jwpegler (#24)
#26. To: jwpegler (#24)
#27. To: lucysmom, jwpegler (#26)
Too bad I can't read your graph.
#28. To: CZ82 (#16)
(Edited)
Psychiatrist Confirms: Liberalism Is a Mental Disorder
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#29. To: go65 (#17)
Are you going to force the oil companies to sell what they produce to the U.S. market?
No What if they would rather sell the oil they produce to the highest bidder?
They do now.
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#30. To: go65 (#18)
I'm waiting for the conservatives to flatly state that oil companies should be forced to sell oil to U.S. consumers at below market rates.
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#31. To: lucysmom (#23)
I guess that makes us members of the reality based community.
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#32. To: Ignore Amos (#30)
If you didn't learn basic economic laws like "supply and demand" in school, then I can't help you.
#33. To: Ignore Amos (#29)
They do now.
#34. To: go65 (#32)
You are the one ignoring those laws - China's oil demand is growing faster than ours. Why wouldn't the oil companies simply sell whatever they produce in the U.S. to the highest bidder, regardless of locale?
#35. To: CZ82 (#34)
Right now the supply of oil is maintained at a constant level by the oil producers of the world, mainly OPEC. This has the effect of making oil prices higher when the demand is higher and cheaper when demand is lower. So if more oil is released to the market through increased production then the price of oil will fall. This would benefit every oil purchasing country in the world, not just the USA..
#36. To: CZ82 (#34)
(Edited)
All of these are so expensive that can't stand on their own hence the government subsidies.
#37. To: go65, CZ82 (#35)
Conservatives never want to address the "demand" side of supply and demand.
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#38. To: All (#37)
Conservatives never want to address the "demand" side of supply and demand.
"If you're 20 and not a liberal, you have no heart. It you're 40 and not a conservative, you have no brain."
~Winston Churchill
Calvin Coolidge, responding to woman - "You lose"
#39. To: Ignore Amos (#38)
What would you have conservatives "do"?
#40. To: go65 (#39)
What would you have conservatives "do"?
Political tags -- such as royalist, communist, democrat, populist, fascist, liberal, conservative, and so forth -- are never basic criteria. The human race divides politically into those who want people to be controlled and those who have no such desire.”
-- Robert A Heinlein
#41. To: Ignore Amos (#38)
What would you have conservatives "do"?
#42. To: Ignore Amos (#40)
That is more gov't regulation and law,
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