[Nachum]

Sorry, can't see what he's saying... too much smoke

[rbg81]

And deciding not to drill would have what effect exactly?

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[WayneS]

Newell, a political appointee, was tapped to head the EIA by President Barack Obama in mid-2009.

So, basically, the man knows nothing about anything.

[samtheman]

FURN
FUEIA
FUBO

Drill, Baby, Drill!

[proxy_user]

He is right. There is huge worldwide demand, and most of the supply comes from abroad. As soon as the US increased drilling, the Saudis would probably cut their output slightly to keep the price stable.

[Iron Munro]

Drilling Unlikely to Lower Oil Prices, Energy Information Chief Says

But the pumping and refining that takes place after the drilling will make a big difference.

[pgkdan]

Richard Newell, administrator of the U.S. Energy Information Administration (EIA), said that while oil prices are likely to stay above average for the remainder of 2011, it is unlikely that an increase in domestic oil production would dramatically affect oil prices in either the short-term or the long-term.

Of course he'd say that. Every good little commie agitator knows that prices have nothing to do with supply and demand.

[17th Miss Regt]

...it is unlikely that an increase in domestic oil production would dramatically affect oil prices in either the short-term or the long-term.

He knows this is true because if prices start to fall, Obama will do something to make them go back up.

[garybob]

it is unlikely that an increase in domestic oil production would dramatically affect oil prices in either the short-term or the long-term.

What an idiot. Only like minded idiot would believe him.

[FlingWingFlyer]

One of Barry’s morons says that more oil in the system won’t lower prices. Marxists crack me up. They just can’t get a grip on the concept of supply and demand. It’s a simple thing for the normal person to understand. It’s those wacky “intellectuals” that have problems with it.

[capt. norm]

They have been using that same, lame excuse for years and it is totally spun out of whole cloth.

They know it will take a while, after permitting the drilling, before it produces so, in their minds, it ain't worth it.

That's like saying..."It's not worth it to paint the Sistine Chapel because it would take too long."

Logic can't even find a 15-minute parking place in the liberal brain.

[GeronL]

they do not understand supply and demand?

[samtheman]

it is unlikely that an increase in domestic oil production would dramatically affect oil prices in either the short-term or the long-term

Exactly.

Why should supply and demand affect prices?

We're all socialists now, hey Richard?

[Eric in the Ozarks]

What does he take us for ?

[subterfuge]

Newell said that because oil is a global commodity dependent on global trends, domestic production would do little to ease prices at the pump in the near future. a

Puh-leeze. Dipshit liberals like this guy are so fond of telling us that evil America is sucking up 25% of the world's oil. But if we drill our own oil and reduce that by say half, that WOULDN'T chance prices? This guy should have been OweBama's Minister of Propaganda, but CNNMSNBCBS and the like are taking care of that already.

See Tagline.

[FlingWingFlyer]

Hey Dick! Have your messiah announce that we’re going to start drilling everywhere. Land and sea! Then sit back and watch those oil prices. It has happened before. It can happen again.

[vpintheak]

Liar. Just making the announcement would lower the cost. real savings wouldn’t be seen for a few years though.

[NRG1973]

Richard Newell, administrator of the U.S. Energy Information Administration (EIA), said that while oil prices are likely to stay above average for the remainder of 2011, it is unlikely that an increase in domestic oil production would dramatically affect oil prices in either the short-term or the long-term.

I might agree with him on the short-term prognostication but his long-term prognostication is total BS...but he works for 0bama so I don't think anyone is surprised.

[nascarnation]

Coal: bad
Nukes: bad
Drilling: bad
Fracking: bad

the only stuff the Baraqqis want is the ones that provide power approximately 8% of the time, solar and wind

I really don’t think the US public will re-elect Baraq on a platform of $5 gas and rolling blackouts. We’ll see.

[EternalVigilance]

The Obama administration thinks it is more powerful than the law of supply and demand.