In all these arguments about opening up domestic production there as been one issue that has been completely absent.
Increased domestic production will decrease oil imports which in turn will decrease the trade deficit. A decreased trade deficit will strengthen the dollar and a stronger dollar will reduce the world wide price of oil.
Also, increased domestic production will create high paying jobs, jobs, jobs, jobs, for AMERICANS!
Or, are the bashers shills and plants from DNC?
Yes we can.
Yes we can.
Yes we can.
Yes we can.
Yes we can.
Yes we can.
Saying: “We can’t drill our way out of this.”, is the ultimate in thinking like a loser.
You can’t become buff with one workout, so why exercize at all?
You can’t get rich saving $1, so why save?
You can’t get to be an expert reading one book, so why read at all?
Friggin’ loser left is actively destroying this country. It’s very painful to watch, but the majority of Americans are signed up for it.
The democrat mantra now is that milions of acres of leases have yet to be drilled so why let new ones?
I suggest the energy company start boring test wells on any lease within sight of any self-righteous democrat’s mansion, the estates and mansions of major democrat political sugar daddies/mamas, and within sight of any pet democrat earmark projects.
If you think we are so off base that we cannot drill our way out of this, I propose that we drill and you prove us wrong, when it does not work. OK?
We certainly can help ourselves a great deal in the short term if we drill here, drill now. Granted, we should continue to research new energy sources. But since oil isn’t just used to make our cars go, we’re always going to need it. Unfortunately, people don’t seem to realize that.
I am sick of hearing about the “speculators”. Once the prices start to turn south the “speculators” will be driving the price down. That’s how markets work.
Maybe it won’t help. I can’t prove that it will, although this pesky thing called the law of supply and demand says it will. But one thing I can promise the Dems in Congress is simply this: THEIR plan of action the last two years, which basically calls on America to sit on its ass and do nothing (except pay higher taxes, the Dem solution to everything) WON’T work. That I can guarantee.
I think that the propaganda benefit of suggesting that we will drill is probably the most valuable part of this.
Unfortunately, from reports I’ve heard, it will take 5 to 10 years before the well would be drilled and producing. Also there is only enough for 3 or 4 years of supply for us. There also are apparently areas where the majors have leases where they are permitted to drill where they have not and could if they wanted to. So, what is that all about?
Two useful things from the potential price perspective. China has just increased their price of gas by about 18% which will slow down China’s demand. Also Congress having held the oil companies’ feet to the fire is now looking hard at commodity speculation. Since oil company profits are about 15%, and the supersized oil futures being bought by institutional investors like pension funds, university foundations and the like are causing more than 20% of the gas price increase, this may also have a positive effect.
Before long people in the know will realize that if their pension funds and alumni contributions are being invested to a large extent in food and fuel, this is going to hurt other forms of investment and they will let their pension funds and universities to start making more useful investments. Buying commodities is easy if you can tell a hedge fund to do it. Really learning the market and selecting good investment opportunities that develop our economy is harder.
The libs are killing us at the pumps.
We've been doing so for at least a hundred years even though they've been predicting the impending end of oil the whole time.
We can't drill our way out of the problem
That's true, but we can drill and PUMP (produce the oil) our way out of it.
Drilling new wells is essential, but pumping from the wells that have been shut down by liberals with their moratoriums, etc is key.
Many wells that were not very productive when oil was 10 to $60 a bbl can be brought back on line with acid and frac jobs, and numerous other methods to up production.
Also there were many producing wells that were stopped from pumping across the years by those that used environmental scare tactics to get legislation passed, etc to stop the production.
Many of these locations just need a little revamping and upgrading to be in full production again.
I used to work in Texas on jobs like these.
Imagine a guy named Url or a women named Tracy. They’ll work on an oil platform off the coast of Virginia or any state. They’ll probably make six figures and have excellent benefits. They might go fishing on the weekend, do some gardening or just have a barbeque. Sounds like a small piece of the American dream and I can see that happening.
=> What I don’t foresee is Url or Tracy attending a hate filled sermon at a Saudi/Egyptian mosque or blaming America for the injustices in their own country.
I’d rather see my money go to Url or Tracy.