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Obama Energy Announcement: More Imported Oil, Less Domestic Production, Fewer Jobs
instituteforenergyresearch.org ^ | Wednesday, March 31, 2010 | Institute for Energy Research

Posted on 03/31/2010 9:25:01 AM PDT by kristinn

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To: MrB
Worked in Venezuela, didn’t it?

Not so well, after the US companies got the boot. Given ten minutes on a drilling rig, the average roughneck could fix it so it would not work well for a month. Just saying.

What makes the US oil industry the world leader is the competition between companies to produce oil more economically (which brings marginal wells into the range of economical wells) and the fact that it is private enterprise.

Given the government's penchant for one-size-fits all policy, I'd expect disaster after disaster as they tried to produce oil.

41 posted on 03/31/2010 11:53:12 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Smokin' Joe

Of course I was being facetious.

But, that WOULD be their “solution” - government takeover.


42 posted on 03/31/2010 11:54:51 AM PDT by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: geologist
We must get over this idea Obama is our friend... anywhere.
43 posted on 03/31/2010 11:55:38 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: hosepipe
If you can produce more than you can transport, the price drops--maybe not elsewhere, but at the wellhead. If it drops far enough, or projections show it will, why even drill a well into a resource which will lose money today, but may make money later?

With the pipeline, drilling may pick up if the Feds get out of the way.

We have had similar problems in ND where the Bakken oil, once trading on par with WTI, was being discounted by up to $35/bbl because there was no room for it on the pipeline.

At the other end, though (once it got there) it was worth full price.

44 posted on 03/31/2010 12:01:30 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Smokin' Joe

What was the pipeline carrying?.. Canadian oil?..


45 posted on 03/31/2010 12:30:59 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: kristinn

So Obamao’s definition of support is for things that cannot be done now while halting things that can be done now.


46 posted on 03/31/2010 12:33:45 PM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: LibLieSlayer

“HE IS DUMBER THAT A BOX OF ROCKS AND ALL THAT HE HAS DONE WAS TO BRIBE, COERCE AND THREATEN... HE IS A STREET THUG... HE TAKES HIS ORDERS FROM SOROS AND OTHER COMMIES.”

I couldn’t agree more. I don’t want to brag, but I am a very intelligent person myself [if IQ means anything]. Trust me, I can tell if another person is intelligent or not. Obama may be a smidgen above average or not, but that’s his general bracket. There is no flexibility, creativity or originality in any of his thinking. He bought a certain ideology early on and all he can do is parrot inane generalities about it, regardless of circumstances. A good debater could make him look like a halfwit in under twenty minutes. Sadly, with the media’s nonstop help, he’s managed to further the idea that he is something special, including mentally. Sorry, it just isn’t so.


47 posted on 03/31/2010 12:45:42 PM PDT by Fantasywriter
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To: CedarDave

Yep - see my tagline (much like yours!)


48 posted on 03/31/2010 12:50:02 PM PDT by 21twelve ( UNINTENDED CONSEQUENCES MY ARSE: "..now begin the work of remaking America."-Obama, 1/20/09)
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To: Tarpon

Those fossil fuels along with the USSA have been promised to the New World Order. America will become a wildlife refuge where the elite can shoot everything from Timber wolves to Buffalo.
Look for biochemicals or nuetrons or maybe old fashoined starvation to rid the land of useless eaters.


49 posted on 03/31/2010 1:00:32 PM PDT by winodog (We've got more people voting for a living than we do working for a living.")
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To: CedarDave

True... he is devious and cunning... that is not intelligence... and he is dumber than a box of hammers.

LLS


50 posted on 03/31/2010 2:18:53 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: Fantasywriter

Absolutely... and I too have an IQ above average (158) and I also have the ability to read and listen to a person for a bit and understand at what level they function. Thank you for the reply.

LLS


51 posted on 03/31/2010 2:20:57 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: LibLieSlayer

Whoa nellie, now THAT is a high IQ. ;)

Yes, it’s easy to see that Obama is not that bright the instant you get past the media meme. People today are so gullible. I have faith, though, that the naked emperor will eventually be seen for what he is.


52 posted on 03/31/2010 2:25:27 PM PDT by Fantasywriter
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To: kristinn

Token. You know what a token is , don’t you Barry?


53 posted on 03/31/2010 2:52:35 PM PDT by PhiloBedo (I won't be happy until Jet-A is less than $2.00 a gallon)
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To: hosepipe

Canadian Tar sands crude, mixed with Bakken oil to thin it out a mite.


54 posted on 03/31/2010 5:01:39 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Fantasywriter
I do too! Evil and deceit cannot be hidden from the light of truth forever... and obama is some kind of evil!

LLS

55 posted on 04/01/2010 4:28:52 AM PDT by LibLieSlayer ( WOLVERINES!)
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