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Despite Trump’s Rhetoric: U.S. Needs OPEC Oil
Oilprice.com ^ | 25-01-2017 | Tsvetana

Posted on 01/25/2017 7:19:49 AM PST by bananaman22

President Donald Trump is taking his ‘America First’ energy plan from the campaign trail to the White House website, vowing to achieve energy independence from OPEC and any nations hostile to U.S. interests.

Trump is not the first U.S. President to have promised energy independence. At the height of the 1973 Arab oil embargo, Richard Nixon suggested a project to ensure that by the end of the 1970s, “Americans will not have to rely on any source of energy beyond our own”.

More than 40 years later, America continues to rely on foreign oil imports, and is a large importer and even larger consumer of crude oil. This makes the U.S. crude oil flows an integral part of the global oil market.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: drillbabydrill; oil; opec; trump; us
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1 posted on 01/25/2017 7:19:49 AM PST by bananaman22
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To: bananaman22

>Trump is not the first U.S. President to have promised energy independence.<

He may not be but I’ll bet he’s the first President to achieve it.

Retards.


2 posted on 01/25/2017 7:21:49 AM PST by x1stcav (Leftism is like rust: It corrodes 24 hours a day until eradicated.)
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To: bananaman22

No kidding. These people are real morons


3 posted on 01/25/2017 7:23:35 AM PST by BRL
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To: bananaman22

Richard Nixon is also the guy to suggest an EPA


4 posted on 01/25/2017 7:23:48 AM PST by Insigne123 (It is the soldier, not the community organizer, who gives us freedom of the press)
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To: bananaman22

More half-truths (half-truths=lie) from the Lying Left?

Nobody’s saying we don’t need OPEC oil CURRENTLY.

The point is we have opportunities in the FUTURE to become independent of OPEC oil if we take the right steps and allow full exploration, drilling, and pipelines.


5 posted on 01/25/2017 7:25:02 AM PST by Jim W N
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To: bananaman22

Obama did his ever-loving best to make the US entirely dependent on foreign oil in order to keep the coffers of Arab OPEC nations full while driving the US economy to its knees.

Never again. This nation will be energy independent in the next eight years. Screw the globalists.


6 posted on 01/25/2017 7:25:28 AM PST by Buckeye Battle Cry (Charlie, here comes the deuce, and when you speak of me speak well.)
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To: Insigne123

The GOP has been probably our biggest problem because they have greased the skids for the Marxists.


7 posted on 01/25/2017 7:26:09 AM PST by Jim W N
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To: bananaman22

We have enough coal in the ground to provide our energy need for the next century. Of course the left knows this so they worked to keep it in the ground.

Reasonable environmental concerns should be noted, but the extreme rules that all but kill the coal industry does nothing but harm us.

There is oil off the coast of California. Open up drilling. There have been oil wells in California since oil was first discovered. What is the harm in drilling more wells? The harm is only to our own economy.

So the first thing that needs to be to become more energy independent it to cut back on all these extreme environmental laws.

This may have a side benefit, cutting funding to terrorist organization.


8 posted on 01/25/2017 7:32:32 AM PST by CIB-173RDABN (US out of the UN, UN out of the US)
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To: bananaman22

OPEC needs the US as a customer rather more than the US needs OPEC. Oil is for most purposes a fungible commodity.


9 posted on 01/25/2017 7:33:03 AM PST by glorgau
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To: bananaman22; All

Ignoring the fact the carter deliberately shut down working oil wells to create false shortage so’s we’d “need” OPEC


10 posted on 01/25/2017 7:37:52 AM PST by maine-iac7 (cHRISTIAN IS AS CHRISTIAN DOES)
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To: CIB-173RDABN

“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them, because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted,” Obama said during a 2008 interview with the San Francisco Chronicle’s editorial board.

“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad,” Obama said in 2008. “Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, uh, retrofit their operations. That will cost money. They will pass that money on to consumers.”
http://dailycaller.com/2015/08/03/flashback-2008-obama-promised-to-bankrupt-coal-companies/


11 posted on 01/25/2017 7:42:35 AM PST by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
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To: bananaman22
A good part of the reason that we use Saudi oil is because the people we have elected have accepted massive amounts of Saudi lobby money.

An example is our, Washington State's, Patty Murray.

12 posted on 01/25/2017 7:58:54 AM PST by Parmy (II don't know how to past the images.)
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To: bananaman22
According to the government, http://www.eia.gov/tools/faqs/faq.cfm?id=727&t=6, the US imports just over 1 million barrels a day from Saudi Arabia.

Yesterday Trump green lighted the Keystone which will move about 650,000 BD of Canadian crude to US gulf coast refineries. That's 2/3 of what is imported from Saudi. Only another 300,000 BD and they are pushed out of the US market.

13 posted on 01/25/2017 8:18:11 AM PST by Former Proud Canadian (My North America stops at the Rio Grande)
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To: x1stcav

Can we not use the word “retard”? it’s not political correctness to desist from insulting retarded people. Doctors are already pressuring moms to abort retarded and downs syndrome babies. Let’s show them some respect and not use them as an epithet.


14 posted on 01/25/2017 8:27:22 AM PST by edwinland
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To: bananaman22

This person must be bribed like all those politicians the arabs own around here and in europe.


15 posted on 01/25/2017 8:51:12 AM PST by minnesota_bound
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To: CIB-173RDABN

I remember an old ad series put out by the coal industry in the mid-late 1970’s, the title line read:

The US has more coal than the middle east has oil. Let’s DIG IT!

I remember seeing it in a current (at the time) National Geographic.


16 posted on 01/25/2017 8:59:58 AM PST by Don W ( When blacks riot, neighborhoods and cities burn. When whites riot, nations and continents burn.)
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To: edwinland

You don’t have to use “retard” or any other word, and you are free to disapprove of those who do.

If you are going to set about proscribing the words that worry you, or impinge on your safe space, you are hanging around with the wrong crowd.

Those of us who live by the Constitution, including the First Amendment, take the unpleasant words and truths right along with the ones we most value and appreciate.

So I put your question back to you: Can we use the words we wish to use? Or do we have to check in with you first?


17 posted on 01/25/2017 9:01:27 AM PST by Fightin Whitey
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To: bananaman22

I’d LOVE to see derricks off the coast of Martha’s Vineyard.
Love, love, love it!


18 posted on 01/25/2017 9:13:45 AM PST by Original Lurker
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To: CIB-173RDABN
The US has more oil than the rest of the world's current know reserves. The thing is, right now, the OPEC stuff is easier to get to. The US government set aside the Green River Formation over 100 years ago, knowing one day, we would be able to tap the resources.

Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC.

A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation could be recovered it would be "equal to the entire world's proven oil reserves."

Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels.

"In the past 100 years — in all of human history -- we have consumed 1 trillion barrels of oil. There are several times that much here," said Roger Day, vice president for operations for American Shale Oil (AMSO).

19 posted on 01/25/2017 9:14:01 AM PST by Sgt_Schultze (If a border fence isn't effective, why is there a border fence around the White House?)
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To: Sgt_Schultze

The idea of keeping our oil reserve in the ground had some merit before OPEC became so powerful. How much wealth has been transferred from America to the Middle East, and how much of our own dollars have been spent on funding ways to kill us?

It is time to open our reserves and bankrupt OPEC.


20 posted on 01/25/2017 9:35:41 AM PST by CIB-173RDABN (US out of the UN, UN out of the US)
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