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Obama says he wants oil producers to boost output
Yahoo ^ | 4/26/11 | Jim Kuhnhenn - ap

Posted on 04/26/2011 7:52:26 PM PDT by NormsRevenge

As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy.

"We are in a lot of conversations with the major oil producers like Saudi Arabia to let them know that it's not going to be good for them if our economy is hobbled because of high oil prices," Obama told a Detroit TV station.

His remarks signaled a broad new appeal in the face of skyrocketing gasoline prices in the United States and they came as he reiterated a call for Congress to repeal oil industry tax breaks.

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


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Front Page News; Government; News/Current Events
KEYWORDS: boost; energy; obama; oil; output; producers
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To: TYVets

he is calling on major oil producers such as Saudi Arabia to increase their oil supplies..

The United States will be your best customer.


61 posted on 04/26/2011 9:20:44 PM PDT by calico_thompson
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To: Rome2000

1600 Pennsylvania Avenue will get nothing from the saudis after what obama did to them. They detest him.


62 posted on 04/26/2011 9:59:29 PM PDT by MestaMachine (If you want to pillage,plunder,destroy, blaspheme,or defile, become a muslim, or name yourself obama)
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To: NormsRevenge
"Obama says he wants oil producers to boost output"

I'm sure that the growing number of Chinese oil companies will listen to him and put more oil into Chinese manufacturing transportation.


63 posted on 04/26/2011 10:04:14 PM PDT by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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To: NormsRevenge; All

Obama needs to threaten to release some of the oil in the Strategic Petroleum Reserve (not necessarily actually do it) to shake some of the speculators out of the market. There is no reason why a disruption of 2% of the world oil supply should cause a 20% increase in oil prices without rampant speculation by non end users. Non end users should also be restricted from buying large positions in commodities they will never ever use. Oil for airlines, not for foundations, unions and universities.


64 posted on 04/26/2011 10:15:30 PM PDT by gleeaikin
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To: NormsRevenge

We’re not allowed to post from the Onion. Really.


65 posted on 04/26/2011 10:40:57 PM PDT by Uncle Miltie (0bamanomics: Trickle Up Poverty.)
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To: shankbear; Jim Robinson
Obama is far beyond the idiot stage. His acts are willfull. He intends harm to our country.

Photobucket

66 posted on 04/26/2011 10:53:01 PM PDT by Doofer
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To: calico_thompson
0bama has done nothing to make the US it's own best customer when it comes coal, crude oil, natural gas, diesel fuel or gasoline.

He has been anti energy across the board with the exception of pie in the sky give aways of taxpayers money to his campaign contributors.

67 posted on 04/26/2011 11:01:13 PM PDT by TYVets (Pure-Gas.org ..... ethanol free gasoline by state and city)
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To: NormsRevenge

at first I thought he might have meant major oil producers like TEXAS


68 posted on 04/26/2011 11:05:55 PM PDT by Future Useless Eater (Chicago politics = corrupted capitalism = takeover by COMMUNity-ISM)
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To: Jim Robinson

IS IT NOVEMBER 2012 YET????????????????I would like the last four years to be OVER!


69 posted on 04/26/2011 11:16:32 PM PDT by proudCArepublican
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To: Jim Robinson

IS IT NOVEMBER 2012 YET????????????????I would like the last four years to be OVER!


70 posted on 04/26/2011 11:16:37 PM PDT by proudCArepublican
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To: goodnesswins

>> 10 times in 25 years was enough

I’m sure not by choice.


71 posted on 04/26/2011 11:27:37 PM PDT by Gene Eric (*** Jesus ***)
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To: shankbear

I would love to see his grades?


72 posted on 04/27/2011 12:59:51 AM PDT by saintgermaine
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To: NormsRevenge

Really? He said that? LOL!

The stupidity, it hurts!


73 posted on 04/27/2011 2:43:27 AM PDT by saganite (What happens to taglines? Is there a termination date?)
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To: Starboard
Makes me think of Pharoah in "Ten Commandments."

"So it is written, so it is done."

74 posted on 04/27/2011 3:17:32 AM PDT by 3catsanadog (If healthcare reform is passed, 41 years old will be the new 65 YO.)
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To: Da Coyote
The GOP majority in congress needs to grow a pair and push a national energy policy that lifts restrictions on domestic oil production and make a lot of noise about it in the media. This is a matter of national defense as well as another anchor on our economy. We either get it done or have another issue to throw at ZERO in 2012. Every time some libtard hits the media with the statement that drilling now won't help for at least two years we just point out that this was the same excuse they used in 2008 and guess what? That was three years ago and we would be using that domestic oil right now if they hadn't blocked it. We could even point to the job creation and taxes that would be collected.
75 posted on 04/27/2011 3:53:14 AM PDT by BOBWADE
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To: NormsRevenge

Hey obumbo why should these Oil producing Countries do something You will NOT allow in your Country ,ASS?


76 posted on 04/27/2011 4:02:20 AM PDT by ballplayer
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To: Starboard

“on wonders if he graduated from any school”

Exactly. Show me the grad pictures. Doesn’t every college grad have them? It is a milestone in ones life. I haven’t seen one cap and gown picture.


77 posted on 04/27/2011 4:16:14 AM PDT by jersey117
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To: NormsRevenge
So he calls on Middle Eastern countries to boost output, while shutting off our oil resources here at home, so our own oil companies cannot drill for them???


78 posted on 04/27/2011 4:24:58 AM PDT by Tolerance Sucks Rocks (Follow me on Twitter @mpetrie98)
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To: NormsRevenge

Doesn’t do you any good to boost out put, if you CAN’T REFINE IT! Build about 10 more refinery’s which will bring HIGH pay JOBS with it.


79 posted on 04/27/2011 5:42:08 AM PDT by GailA (2012 rally cry DEMOCRATS and RINOS are BAD for the USA!)
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To: scorchedearther

And we get rid of the EPA.


80 posted on 04/27/2011 5:54:31 AM PDT by ilovesarah2012
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