FACT CHECK: More US drilling didn't drop gas price

The Associated Press ^ | 3:06 p.m. Wednesday, March 21, 2012 | SETH BORENSTEIN

[Dacula]

WASHINGTON

[jwalsh07]

The laws of supply and demand do not apply to Obama energy policy. He is after all a prince.

[dadfly]

ap? sorry so called “ap facts” can’t violate God’s laws of economics.

[AFPhys]

I don’t understand where you get the idea that we are shipping all our oil and gas to China or wherever.

The actual figures are in the first couple paragraphs of this article: http://www.freerepublic.com/focus/f-news/2862027/posts

More are easily available at the DoE/EIA links you can start with there. We recently became a net natural gas exporter, but that is only due to this fracking revolution, and we now have an oversupply of natural gas, which has resulted in low nat.gas prices. This is not the same product as Oil or Gasoline.

[Varsity Flight]

15 Trillion Federal government paychecks and pensions are DRILLING deep into the wallets and savings accounts of productive U.S. citizens.

And this drilling is keeping the prices of essentials, food, gas, commodities, sky high.

They can’t wait to drill all the way with NO LIMITS Mandate-Arbeitsziehungslager Federal Labor Camp, the entire U.S. territory.

[Smokin' Joe]

To take a page from the Liberal playbook:

Just imagine how expensive gas would have been if we hadn't been drilling as much as we could, where we can!

[silverleaf]

Sutoro is one of his aliases and one of the spellings use on some documents citing his family so stow your peevishness

It may have been done to deliberately distort his family names and impede searches

So that is why I am calling him Sutoro and I am sticking to it

Now back to our regular programming

[rawcatslyentist]

>"If he has any other aliases out there I am unaware of them. "

I believe his proper clown name is B Wacky Insane0

[woofie]

supply and demand can clearly be see in natural gas prices

[cashless]

And no where in the article did any of the dumbass professionals take into account the fact that a) during this time frame the cost of imported oil was cheaper to buy than the cost here to drill and transport and b) the cost of gas has risen becuase the taxes and fees associated with refining a multitudinous variety of blends is figured into the cost of gas. ALL of this crap is the government, the EPA, and the socialist/Marxists refugees in the radical environmental movement ( a majority of which are paid for by our tax dollars).
If I was head of the 450 member API, I would call on the membership to cease all operations for 60 days. That should pretty much cause enough hardship so that the day before the election, you can announce more 60 day shutdowns if the current administration is returned to power. Problem is the API is greedy bunch of mothers who would rather screw me and you (to hell with the country) than screwing this would be king and save the country.

[jveritas]

LOL.... we cannot argue with a fool who is telling us that 1+1=3. That is beyond pathetic.

[cashless]

And no where in the article did any of the dumbass professionals take into account the fact that a) during this time frame the cost of imported oil was cheaper to buy than the cost here to drill and transport and b) the cost of gas has risen becuase the taxes and fees associated with refining a multitudinous variety of blends is figured into the cost of gas. ALL of this crap is the government, the EPA, and the socialist/Marxists refugees in the radical environmental movement ( a majority of which are paid for by our tax dollars).
If I was head of the 450 member API, I would call on the membership to cease all operations for 60 days. That should pretty much cause enough hardship so that the day before the election, you can announce more 60 day shutdowns if the current administration is returned to power. Problem is the API is greedy bunch of mothers who would rather screw me and you (to hell with the country) than screwing this would be king and save the country.

[jveritas]

I am sure this idiot did not even bother to look at these charts and facts and even if he did he would have lied anyway...

[Moonman62]

What’s their explanation for the drop in Natural Gas prices in the US?

They'll figure out some way to demonize you for bringing up the question.

[Tribune7]

The drilling isn't the main issue.

The problem is the regulations being cooked up by Obama's EPA

[1010RD]

How about EPA blending rules? A recent study estimates that if they’d just pick one gas prices would fall $0.43.

[Carry_Okie]

Here’s how it works...

Nope, that's not how it works.

You are missing a the key element to this corporate fascist loop.

The reason the regs exist is that the greenies sue to get them. The greenies are sponsored by tax-exempt "charitable" foundations belonging to... the major stockholders of oil and gas companies, also the biggest sponsors of AGW racketeering.

[Norm Lenhart]

Yup, there’s that as well. What a tangled web they weave.

[NurdlyPeon]

The critical point to consider about producing more oil in the USA, even if it is at global prices, is that the profits stay in the USA.

Yes. This is the point that needs to be repeated over and over.

[Brown Deer]

The price of gas was $1.61/gallon in January of 2009 when 0bama took office!

[silverleaf]

http://en.wikipedia.org/wiki/Ann_Dunham