Posted on 07/11/2013 1:22:24 AM PDT by 2ndDivisionVet
As Ive now argued many times over, the Obama administration is extravagantly fond of citing statistics about how our oil imports are way down while our domestic oil production is way up, with the implicit suggestion being that their policies somehow deserve the credit for these phenomena. See, they really are about an all of the above energy strategy and you cant say that theyre anti-oil or anti-fossil fuel, because America is currently experiencing an economic and employment boom via domestic oil and gas production!
In fact, however, much of the credit for the current oil-and-gas boom and our decreased reliance on foreign sources belongs to production on state and private lands, and the Obama administration still has plenty of policies in place actively restricting permitting to the federal lands and waters to which plenty of companies would really like more access. Yes, were experiencing an oil-and-gas economic boom, but many of the Obama administrations policies are coming at the direct opportunity cost of an even bigger boom.
Its a similar story with natural gas and the many companies who are awaiting on pending applications to export the stuff in its liquified version. Companies are only freely allowed to sell and ship liquified natural gas to countries with whom the United States already has special, specific free trade agreements; but obviously, and as with any industry or economic sector, natural-gas companies would very much like to be allowed expand the market and reap the subsequent economic benefits.
Certain Democrats in Congress who happen to have various manufacturing and environmental interests, with their own very definite stake in the domestic price of natural gas, vociferously egging them on....
(Excerpt) Read more at hotair.com ...
Well then, why is gas still so ridiculously expensive?
Indeed - a lot of people around here mumble about “global demand is up” and “the market is far larger now” ... such platitudes are supposed to answer the question, but fail. No one knows ...
“Well then, why is gas still so ridiculously expensive?”
The shale gas boom is natural gas, not gasoline....red
We need to put the American flag on our own sources of energy instead of the coffins of our military trying to protect a foreign supply chain.
Because tight formations like Shale are not cheap to produce. If the price dropped to half and stayed there, the US climbs in production rates would stop and start falling.
We have not come close to running out of oil, but cheap, easy oil is scarce.
Yeah, who understands that complicated supply and demand stuff anyways. Maybe they should teach classes about it.
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