Are honest energy policies a liability?

[The Dude]

Obama is falsely taking claim, though a republican would. No democrat yet has answered what they did to increase it. It happened due to industry innovation in shale plays. Like gore taking credit for the Internet.

 

[Damocles]

Yet you agree that production is high. So the canard that "Obama killed US oil production" doesn't work when trying to blame him for gas prices, does it?

No, I agree it isn't high enough, because as I stated, even Bush's plan was throttled by Ds in the Senate. It's like you don't pay attention to what people say.

 

[Damocles]

I think Damo might have been part of the Bush admin somehow. Maybe just as an intern or something, but he was there...

I respect you less each time you don't say anything other than something stupid "about" me. Your attempt to kill the messenger is noted.

I'm not saying that funny insults aren't appreciated. They are. I just expect them to follow something more substantial rather than be the whole of your presence.

 

[Guns Guns Guns]

No, I agree it isn't high enough, because as I stated, even Bush's plan was throttled by Ds in the Senate. It's like you don't pay attention to what people say.

So your position is that if Congress allowed unlimited domestic oil drilling (onshore and offshore), the price of gas would come down, as Newt and Michelle Bachmann promised? Are they the "leaders of vision" you pine for?

 

[Don Quixote]

So your to dumb to see the contradiction u just posted. Sorry it's not fun pummeling trolls with no college economics.

the us is exporting oil because it is currently producing more oil than it consumes

the us is producing more oil than it has produced for years

any changes in energy policy would not change the price of gas for four to five years

 

[Guns Guns Guns]

the us is exporting oil because it is currently producing more oil than it consumes the us is producing more oil than it has produced for years any changes in energy policy would not change the price of gas for four to five years

Don, are you sure your first statement is correct?

Although our domestic production is higher than it's been in years, and American demand has slumped somewhat, I'm not sure we produce more than we consume.

 

[Don Quixote]

Don, are you sure your first statement is correct?

Although our domestic production is higher than it's been in years, and American demand has slumped somewhat, I'm not sure we produce more than we consume.

yes, per CNN

weird is it not

unfortunately, bush is responsible for the increase

it takes 4 to 5 years for new oil wells to be productive (from ok of a lease to oil coming online)

Obama cannot really take the credit for the oil levels, but then he should not be blamed for the high price of gas either since he no control over the price - as you already said, China and India and other emerging nations have driven up the price of oil therefore gas - also, the Iran situation is not helping - but the real culprits are the speculators

 

[Guns Guns Guns]

yes, per CNN weird is it not unfortunately, bush is responsible for the increase it takes 4 to 5 years for new oil wells to be productive (from ok of a lease to oil coming online) Obama cannot really take the credit for the oil levels, but then he should not be blamed for the high price of gas either since he no control over the price - as you already said, China and India and other emerging nations have driven up the price of oil therefore gas - also, the Iran situation is not helping - but the real culprits are the speculators

I haven't seen Obama "taking credit" for the increase. Have you?


I also question CNN's stats. Have you got a link? I cannot find one.


This is the official comparison:

 

[Don Quixote]

I haven't seen Obama "taking credit" for the increase. I also question CNN's stats. Have you got a link? I cannot find one.This is the official comparison:http://www.eia.gov/energy_in_brief/images/charts/Consumption_production_import_trends-large.jpg

sorry, no link, but keep looking

I watch too much TV/CNN and odd bits take root

I think that it was a piece on how fuel efficient cars are taking a bite out of oil imports and expanded drilling authorized by bush has increased the US production

 

[The Dude]

the us is exporting oil because it is currently producing more oil than it consumes

the us is producing more oil than it has produced for years

any changes in energy policy would not change the price of gas for four to five years

Why is Brent crude more expensive than WTI?

 

[Guns Guns Guns]

The United States is the world's third largest producer of crude oil. The biggest production region is around the Gulf of Mexico, and the largest producing state is Texas. The Gulf Coast region is home to two important producing areas: the Permian Basin, located in west-central Texas and eastern New Mexico, and the federal offshore portion of the Gulf. Other big oil-producing states include Alaska, Louisiana, California, Oklahoma and Arizona. Even with the United States producing so much oil, it is still heavily dependent on foreign sources.http://auto.howstuffworks.com/fuel-efficiency/fuel-consumption/gas-price4.htm

 

[Don Quixote]

Why is Brent crude more expensive than WTI?

i have no idea what either of the above mean

i was quoting an odd piece of new from cnn

a closer look at the graph shows domestic consumption on a down turn and production on an uptick

and higher gas prices always lower consumer demand

i regret that i do not have a link or more information to back up my statement

 

[The Dude]

We import millions of barrels a day, sorry don.

 

[Guns Guns Guns]

WTI = West Texas Intermediate http://en.wikipedia.org/wiki/West_Texas_IntermediateBrent = Brent Crude is a major trading classification of sweet light crude oil comprising Brent Blend, Forties Blend, Oseberg and Ekofisk crudes (also known as the BFOE Quotation). Brent Crude is sourced from the North Sea. http://en.wikipedia.org/wiki/Brent_Crude

 

[The Dude]

Why is Brent higher than WTI?

 

[Guns Guns Guns]

Why is Brent higher than WTI?

I thought you were the "insider" and were going to school the rest of us.

Crude oils vary in price because they vary in quality. Other factors — the makeup of the oil or its market penetration — can also influence price. West Texas Intermediate and Brent Blend are two crude oils that are either traded themselves or whose prices affect other types of crude oil. The press and analysts often refer to the following crude oil prices: West Texas Intermediate, Brent Blend, Imported Refiner Acquisition Cost (IRAC), OPEC Basket, and the NYMEX futures.



http://www.eia.gov/tools/faqs/faq.cfm?id=11&t=6

 

[The Dude]

They are both high quality troll. World demand has taken Brent from even to a 15 premium!
Poor people forced to guess cut n paste are funny!

 

[Guns Guns Guns]

They are both high quality troll. World demand has taken Brent from even to a 15 premium! Poor people forced to guess cut n paste are funny!

Yet you had to ask why one was higher than the other twice...

 

[Mott the Hoople]

Why is Brent higher than WTI?

Better weed?

 

[The Dude]

Yet you had to ask why one was higher than the other twice...

I know you didn't know clown.
Burn!