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Our Own Oil Cartel
Townhall.com ^
| June 4, 2008
| Terence Jeffrey
Posted on 06/04/2008 4:28:03 AM PDT by Kaslin
click here to read article
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To: Kaslin
Now here’s the deal. The Congress will not be returning to office unless they open up drilling the right way.
I always wondered why Clinton made all that land Federal.
21
posted on
06/04/2008 5:48:59 AM PDT
by
freekitty
(Give me back my conservative vote.)
To: gracesdad
Right now one of the major reasons for the high price of crude is that the difference between supply and demand is razor thin. Add to that the thought that pumping capacity is near limits and we have sky high prices. there is also a political factor that says due to the unrest in the world there may be an interruption in supply at any time. This also is said to add about $10-$15 to a bbl. By making another 12 MILLION bbl a day available (about what we import now)which would happen if we used OUR oil instead of importing it, that 12 million bbl would be up for bids and the supply would greatly exceed the demand. All the traders holding contracts for delivery of crude next month or 6 months or whenever at $125+- bbl would scramble to sell those contracts at any price to avoid having to pay that price for a product worth less then half due to the greatly increased supply. In the end it matters not whether we keep our oil here or sell it on the open market. The very fact the supply increases whether through our dumping more on the market or us taking less from the world wide market will cause a drop in prices.
22
posted on
06/04/2008 5:49:59 AM PDT
by
lexusppd
To: Kaslin
To: Conservativegreatgrandma
The government wants to control everything. That’s why they are doing this. It’s like that Global warming which is not true.
We need to get these people out of Congress and pronto.
24
posted on
06/04/2008 5:50:37 AM PDT
by
freekitty
(Give me back my conservative vote.)
To: Kaslin
The left WANTS high fuel prices so they obviously have no interest in increasing supply. The republicans are too stupid to hang that around the dems necks as an issue ans some of them actaully agree with the Gaia worshipping left wing nuts on preserving the "pristine environment" at all costs.
Conclusion? Gas prices are going nowhere but up in the long term.
25
posted on
06/04/2008 5:51:20 AM PDT
by
jwalsh07
(El Nino is climate, La Nina is weather.)
To: Kaslin
TO CONGRESS:
In the words of a famous country singer:
Mr. Earnest Tubb
Thanks, Thanks A Lot
26
posted on
06/04/2008 5:56:04 AM PDT
by
DeaconRed
(GOP- You Left Me----- and Many More Just Like Me. You want us back? You know what to do.)
To: Kaslin; All
Interesting article. Very good thread. Thanks.
27
posted on
06/04/2008 5:58:43 AM PDT
by
PGalt
28
posted on
06/04/2008 5:59:58 AM PDT
by
RandallFlagg
(Satisfaction was my sin)
To: Kaslin
Tempting as it is, I suspect the real reason no administration taps American oil seriously is a quiet agreement that their strategic value is too great - eg use foreign oil until it runs out, leaving America still self-sufficient to manage any required transitions or strategic needs with style with style while the rest of the world struggles over the few remaining foreign sources. Perhaps I’m overestimating the intelligence of both parties, but I do think current prices are worth bearing to allow such an advantage in the future.
At such a point, you can guarantee that all the legislation mentioned would be as irrelevant as..um...John Edwards in the face of such shortages.
29
posted on
06/04/2008 6:02:33 AM PDT
by
Androcles
(All your typos are belong to us)
To: bray
If you like $4/gal, Thank Congress!
Bumper sticker material!
30
posted on
06/04/2008 6:12:54 AM PDT
by
painter
(If you like $4/gal, Thank Congress!)
To: Kaslin
Why should we have pumped this oil for $10 a barrel when now we could get $100?
The value of our reserves has increased tenfold while Congress dithers - our Congresscritters may yet end up looking intelligent.
31
posted on
06/04/2008 6:21:24 AM PDT
by
Redbob
(WWJBD - "What Would Jack Bauer Do?")
To: Kaslin
this country is so rich that we can allow the
socialists to increase the costs of oil and gas production.
/s
32
posted on
06/04/2008 6:25:03 AM PDT
by
ken21
( people die + you never hear from them again.)
To: Kaslin
33
posted on
06/04/2008 6:36:52 AM PDT
by
Christian4Bush
("In Israel, the President hit the nail on the head. The nails are complaining loudly." - John Bolton)
To: ripley
That dimwit from CA spilled the beans on the dems plans. Demonize big oil. Stop any and all drilling in the US and drive prices sky high. Then nationalize the oil industry for the “good fo the children”!
34
posted on
06/04/2008 6:49:25 AM PDT
by
Holicheese
(Hillary deserves the CMoH for her time in Tuzla!)
To: Holicheese
“that dimwit from ca...”
worse than a dimwit.
35
posted on
06/04/2008 6:57:31 AM PDT
by
ripley
To: Kaslin
It is all about the quick fix. Typical drug addicts song.
Do the drilling, but only if it is used as a step toward an alternative.
Price of gas needs to stay up so consumption goes down. US should use its reserves to stay independent while alternatives and efficiency programs are implemented.
Otherwise it is just another quick high and a problem put off until tomorrow.
To: Kaslin
81 billion barrels of oil sounds like a lot.
BUT. At 20 million bpd that means about 10 years of oil independence. That is, of course, assuming consumption would not increase if the price went down.
Oil independence at current levels of consumption is a myth.
To: arthurus
38
posted on
06/04/2008 8:34:04 AM PDT
by
villagerjoel
("I think my brains are hanging out," he said.)
To: Kaslin
I want to get a bumper sticker made that says:
“Save America, Kill an Environmentalist.”
39
posted on
06/04/2008 8:52:25 AM PDT
by
PsyOp
(Truth in itself is rarely sufficient to make men act. - Clauswitz, On War, 1832.)
To: Einigkeit_Recht_Freiheit
At 20 million bpd Even hitting 2 million bpd would be horrendously expensive.
40
posted on
06/04/2008 8:55:15 AM PDT
by
RightWhale
(We see the polygons)
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