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new drilling effect on price of gasoline
fox&frinends ^ | 7/14/2008 | fox&friends

Posted on 07/15/2008 5:29:28 AM PDT by fatrat

i just watched the 2 new girly men on F&F agree that new drilling for oil would have no effect on the price of gasoline at the pump. Somebody needs to tell these two metrosexuals to keep their uninformed opinions to themselves.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: drilling; energy; foxnews; gasoline; gasprices; offshoredrilling; oil
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To: FreeAtlanta

“Bunch of lemmings. This silly mantra of more supply won’t reduce costs goes against every thread of logic and makes these goats look silly.”

Not that those babbling that drilling won’t reduce the price of gasoline have thought it through this far, but the new drilling and any resulting new supply will have to increase faster than new demand for crude. We have to improve the supply demand picture, knowing that demand will also increase along with supply.


21 posted on 07/15/2008 6:01:51 AM PDT by Will88
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To: InvisibleChurch

as i understand it, the congressional ban on drilling will expire at the end of September this year. i think that they will find it impossible to extend it but i hope they try because that should lead to lots of incumbents being thrown out by the voters. i think this was a part ot W’s strategy for coming out strong yesterday and lifting his ban.


22 posted on 07/15/2008 6:03:54 AM PDT by fatrat
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To: mouse1
Thanks for the reminder. I just sent this to the queen...

Pelosi...

  1. Explore for natural resources in the US. Open offshore and onshore areas that are now closed to exploration.
  2. Recover those natural resources
  3. Get the damn US Gov’t out of the way
  4. Do NOT tap the SPR. It is for critical national emergencies
  5. Stop blaming others. The fault lies squarely upon 40 years of obstructive Congressional actions and especially on the Democrat led Congress the past two years.
  6. Do not tamper with the futures markets. The markets create liquidity and provide critical price signals whether the participants take possession of the oil or not.
  7. Stop holding scores of energy hearings – they have not done ANYTHING constructive, ever. Just get you and your colleagues out of the way and let the private sector do its job
  8. Stop your whining, churlish and puerile behavior. Act like a mature grown-up.

23 posted on 07/15/2008 6:03:57 AM PDT by ProtectOurFreedom
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To: MortMan
Thanks MortMan. That is exactly my point. Besides having a new streamlined permit process, I don't want Government involved at all.

Well, I do want legistlation that would block the greens from sueing once the permit is granted. And, I would like there to be only 1 permit that is guaranteed to be approved/denied within 3 to 6 months. Also, if one national standard gasoline formula instead of the dozens of regional/seasonal formulas.

24 posted on 07/15/2008 6:03:57 AM PDT by FreeAtlanta (Search for Folding Project - Join FR Team 36120)
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To: Will88

Contact congress today July 15th
Lets flood them with calls and emails

Pelosi email AmericanVoices@mail.house.gov


25 posted on 07/15/2008 6:04:37 AM PDT by mouse1
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To: Miss Didi

don’t see a problem there. If i were a young man, i would consider joining for that exact purpose.


26 posted on 07/15/2008 6:06:18 AM PDT by fatrat
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To: ProtectOurFreedom

Just got an email from Pelosi
Unless I am in her district all email must be sent to

AmericanVoices@mail.house.gov

Lets flood this witch!!


27 posted on 07/15/2008 6:06:46 AM PDT by mouse1
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To: FreeAtlanta

“I am sure the free Saudi gas is subsidized at least some, but I am also pretty sure that the fuel is a lot cheaper at the source.”

The cost of producing Saudi oil is around $.50 to $2.00 per barrel. So, if the cost of crude is 70% of the cost of gasoline (in the news lately), then their gasoline is costing them very little. I think several of the Middle Eastern oil producers have to send their crude out of country to be refined, but their gas could still sell for $.50 per gallon or less without much subsidy. (Unless the cost is being inflated by all sorts of useless middle men taking their cut.)


28 posted on 07/15/2008 6:09:18 AM PDT by Will88
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To: fatrat

He said it was for pure selfish reasons. I don’t agree.


29 posted on 07/15/2008 6:09:24 AM PDT by Miss Didi ("Good heavens, woman, this is a war not a garden party!" Dr. Meade, Gone with the Wind)
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To: fatrat

So no opinion other than your own should be allowed? I think you are fast approaching the liberal mindset with that kind of thinking.


30 posted on 07/15/2008 6:11:32 AM PDT by SengirV
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To: FreeAtlanta

http://www.cafepress.com/drillnow

http://www.AmericanSolutions.com

Join the 1,333,548 people who have signed the petition.

31 posted on 07/15/2008 6:11:52 AM PDT by Tatze (I'm in a state of taglinelessness!)
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To: EBH

Venezuela paid off its World Bank debt. It owes the WB nothing. Total debt is in the trillions of bolivars, not dollars. I think that’s about US$7.98.


32 posted on 07/15/2008 6:12:17 AM PDT by MARTIAL MONK (I'm waiting for the POP!)
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To: Sprite518

I tuned out prior to that because they turned in the Natalie Holloway, Britney, Paris, famous/infamous/exploited/victim white girl news channel.


33 posted on 07/15/2008 6:15:01 AM PDT by SengirV
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To: EBH

That is billions of dollars, $26.5 billion to be close. http://www.venezuelanalysis.com/news/1640 I don’t put much stock in anything posted by Venezuelanalysis but I do know they are within a couple of billion.


34 posted on 07/15/2008 6:16:41 AM PDT by WellyP (How much does Huma know?)
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To: Non-Sequitur

They heavily subsidize it.


When you produce more than you consume theres no need to subsidize.


35 posted on 07/15/2008 6:17:57 AM PDT by Graycliff (Long haired freaky people, need not apply.)
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To: mouse1

Some enterprising soul should start producing “Merry Christmas” cards “from the dims”. Like: “Sorry My Child. No Christmas Presents This Year. Not Even A Lump of Coal In Your Stocking. The Only Thing Santa Could Afford This Year Was This Card With A Picture Of The Speaker Of The House, Nancy Pelosi. Merry Christmas”...


36 posted on 07/15/2008 6:18:22 AM PDT by LRS (I want an oil glut!)
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To: fatrat

“Digging for diamonds won’t lower the price of diamonds so - despite the fact that you have diamonds on your property - you shouldn’t dig them out. Instead, when diamonds are at an all time high, buy your diamonds from a foreign source. Export as much money as humanly possible so that foreign entities can buy up U.S. landmarks like the Chrysler building (and the mortgage on your house by bailing out banks).

“While you are busy exporting trillions of dollars to buy diamonds, work hard to make diamonds obsolete through new technology. That way, all of the potential trillions you have in diamonds of your own eventually becomes worthless as you let them rot in the ground.”

BRILLIANT!

(I’ll just keep repeating this analogy until it someone other than the addressee reads it and catches on. ;-))


37 posted on 07/15/2008 6:18:49 AM PDT by bolobaby
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To: FreeAtlanta

Is it really all that heavily subsidized, or is it just less transportation, no import/export terriffs, huge local supply?


They simply produce more than they consume. Giving them the luxury of setting a domestic price. I remember when we had that luxury.


38 posted on 07/15/2008 6:23:42 AM PDT by Graycliff (Long haired freaky people, need not apply.)
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To: SengirV

opinions are great so long as they are not presented as news. Fox and Friends is supposed to be a news show. if they want to state their opinions they should specify that they are their personal opinions and not a fact or news.


39 posted on 07/15/2008 6:24:41 AM PDT by fatrat
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To: Graycliff

??? What on earth are you talking about??? US traditionally produced more grain than we consumed and it was in part because we did subsidize it. If you could sell something for $140 on the open market and your cost was $2 and you gave it away, did you subsidize to tune of $2 or $140? economic answer = $140.


40 posted on 07/15/2008 6:26:11 AM PDT by Rippin
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