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the free market at work.
the refiners get better prices exporting than selling domestically.
Why are the US oilcos not exploring and drilling in the permitted/leased US areas?
They'd rather invest in Iraq fields than in US fields?
Again, for anyone to think it's "our" oil is living in a simplistic and ignorant dream. More proof that the rhetoric coming from this petroleum-based administration and McCane of "drill, drill, drill", as a way to benefit the American people, is simply nonsense in the context of the world oil market.
As Oil Firms Seek Drilling Access, Exports Set Record
By Reuters
CNBCWhile the U.S. oil industry wants access to more federal lands to help reduce reliance on foreign suppliers, U.S.-based companies are shipping record amounts of gasoline and diesel fuel to other countries.
A record 1.6 million barrels a day in U.S. refined petroleum products were exported during the first four months of this year, up 33 percent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department.
The surge in exports appears to contradict the pleas from the U.S. oil industry and the Bush administration for Congress to open more offshore waters and Alaska's Arctic National Wildlife Refuge to drilling.
"We can help alleviate shortages by drilling for oil and gas in our own country," President Bush told reporters this week. "We have got the opportunity to find more crude oil here at home."
So much for the weak-ass 'lack of refining capacity because of pansy enviros' straw-man arguments Republican like to play....on to the 'we need more arctic drilling straw-man'....
the free market at work.
the refiners get better prices exporting than selling domestically.
Why are the US oilcos not exploring and drilling in the permitted/leased US areas?
They'd rather invest in Iraq fields than in US fields?
shhhhhhhhhh, conservatives are napping through this thread.
oil companies are eeeeeviLLLLL.
Refining capacity is down the list. This just in - in a global economy, if someone will pay higher for a commodity elsewhere, then that's where it will be sold.
On to the taxing the oil cos. more will solve all our problems straw-man.
exactly. now we can all admit that drilling would not save america.
listen to aggie, conservatives.
Come on guys, get real. The US ships allot of it's oil from Alaska to Asia at market price and buys other oil at market price. Total shipping is reduced this way. It does improve the profit margins and reduce the pump prices from what they would be if we didn't.
Oil is rather fluid...he he...
There are reasons for this. Will you lemming lib s stop jumping to conclusions please.
I just want to hear what the liberal solution is to our energy problems.
* tax oil companies (who will pass it on to us - that works out well...)
* no nuke plants
* can't drill for natural gas in the Great Lakes; meanwhile Canada is setting up shop and having a field day up there
* no new refineries
* can't drill on the continental shelf or in Alaska
* have to use ethanol, which gives us worse gas mileage and drives up food prices
Seriously, when are you ers on the left going to come up with some semblance of a viable energy policy other than tax the oil companies?
This is getting old.
I don't think they have a plan.
I think their real agenda is to make more than 50% of the people rely on government so the elitist can run the country as dictators.
Exactly.
What are the libs on this forum opinion of this statement?
1. Get a real Treasury Sectary instead of a crony capitalist before the dollar is worth less than the peso.I just want to hear what the liberal solution is to our energy problems.
2. Regulate the speculative oil markets so that investors have to take possession of the oil before they can dump more money into the speculative markets
Those 2 things alone will drop gas to $2 - $2.50 a gallon....remember than under Dubya gas prices have gone up almost 400% while oil demand in the U.S. has only gone up 2% and is now declining....
It's like this never existed to the pro-drill crowd...
Read the article...
Apparently most of it is Diesel which is in much higher demand in other countries than ours because they use it for their power plants...
The biggest share of U.S. oil products exported went to Mexico, Canada, Chile, Singapore and Brazil.
Interesting... I wouldn't have problems with not exporting to these countries... but quite a few of them are SUPPLYING oil to us... so to say that they couldn't get some refined goods back would create problems.
Specifically the 3 I highlighted are and will be in the future our largest suppliers of foreign Oil... Would probably be best not to piss them off...
John Felmy, the chief economist at the American Petroleum Ins ute, said a portion of the oil products exported, especially diesel, was fuel that did not meet U.S. clean air requirements and therefore could not be sold in America. "You may have some that you're not able to use," he said.
Last edited by Sec24Row7; 07-15-2008 at 01:17 PM.
So, if we allow the oil companies to drill in our backyards that oil be placed on the world market? Then the drilling does nothing for Americans? So then why are conservatives still sucking oil companies c*ck? The moral of the story is that more drilling won't ease any burden on the avg American...
It makes zero sense.
What the does exploration have to do with refining?
I agree, but this has nothing to do with our current dependency on oil, inability to build nuclear power plants, etc.
Agreed, but this does nothing to solve our current dependency on oil.2. Regulate the speculative oil markets so that investors have to take possession of the oil before they can dump more money into the speculative markets
Those 2 things alone will drop gas to $2 - $2.50 a gallon....remember than under Dubya gas prices have gone up almost 400% while oil demand in the U.S. has only gone up 2% and is now declining....Under 'Dubya' with a Republican Congress gas went up about $1.25. Under W. with a democratic Congress that ran in 2006 on the platform of, in part, solving this country's energy problems, gas has doubled.
In case you're mathematically challenged:
Under Bush + Republican Congress: gas went up 100%
Under Bush + Democratic Congress: gas went up 200% from where it was when they took over.
Typical liberal though, blame Bush when the Democratic trash in Congress has basically doubled the cost of gasoline since taking over.
And you're completely ignoring the fact that while demand has slightly regressed in the U.S., it has increased dramatically in Asia, while the worldwide supply of refined petroleum has marginally decreased over the same span of time.
So in short, quit trying to change the ing topic and quit with the witch hunts. What are the Democrats who championed themselves as the liberators of America from its dependence on oil in 2006 doing to actually solve this country's energy problems, other than their apparent 'plan' of making it so ing expensive to buy gas that we all either break down and buy a Yaris or become dependent on socialist promises like Obama to give the common American (well, those dumb enough to buy into his promises of hope, errr, government handouts) more money from the federal govt. to buy gasoline.
It's comical that you will attack the treasury secretary, when you've got Obama and Pelosi up there saying part of the solution is for the feds to give Americans money to buy gasoline with, which further erodes the value of the dollar.
But hey, don't let the facts get in your way, it's more fun to cluelessly bash the administration while you're ing saviors in D.C. do to fix our energy problems.
NEWSFLASH, new rules for the United States Citizen
*No companies are allowed to make profits anymore... you are upsetting nbadan and boutons.
*No person can decide what to do with their paychecks. You are to hand them to your neighborhood block captain, who will forward them to the government. The government will decide what is best for you.
More rules to come and please remember to make your medical appointments 2 years in advance for emergency care and 5 years for routine care.
You forgot:
* There will be a mandatory 10% deduction on your paycheck to pay for the Freddie and Fannie rescue plan.
We need an energy plan that can find a new reusable, or more abundant energy source.
Drilling is just a short term answer, it just delays the same problems we have now for future generations.
I blame both parties, we should have had a better plan years ago, and now we are stuck with this.
Under 'Dubya' with a Republican Congress gas went up about $1.25. Under W. with a democratic Congress that ran in 2006 on the platform of, in part, solving this country's energy problems, gas has doubled.
In case you're mathematically challenged:
Under Bush + Republican Congress: gas went up 100%
Under Bush + Democratic Congress: gas went up 200% from where it was when they took over.
Typical liberal though, blame Bush when the Democratic trash in Congress has basically doubled the cost of gasoline since taking over
It takes a year or two for Congressional action to start hitting consumers in the pocket book, so any effects on the economy we are feeling now, higher gas prices, higher food prices, higher prices in general are residue of the Republican do-nothing congress and its unwillingness to do its job and regulate the markets
There's enough blame to go around...
Dubya for using the Treasury Dept like his own personal ATM and for destabilizing the energy markets with his rush for oil in Iraq and his threat of war against Iran...
Congress for not learning its lesson of the 70's and mandating more fuel conservation, alternative energy exploration, subsidizing cheap oil, and for not using its oversight power of the unitarian president...
...and finally, consumers for demanding bigger vehicles with less fuel efficiency, falling asleep in its responsibility to be responsible stewards to the earth's depleting resources and neglecting its oversight of Congress and the unitarian president while they launched a unnecessary war and prepare to launch another..
That's true in most cases. However, when policy makers are clearly not for the consumer, producers immediately take action to raise prices. As soon as a congress had power that is not consumer friendly, prices raise dramatically because they know the congress will do nothing to stop them.
It takes a year or two for Congressional action to start hitting consumers in the pocket book, so any effects on the economy we are feeling now, higher gas prices, higher food prices, higher prices in general are residue of the Republican do-nothing congress and its unwillingness to do its job and regulate the markets
It takes a year or two for any Congressional action to start hitting consumers?
It takes a year or two for Congressional action to start hitting consumers in the pocket book, so any effects on the economy we are feeling now, higher gas prices, higher food prices, higher prices in general are residue of the Republican do-nothing congress and its unwillingness to do its job and regulate the markets
How long did it take from the time they decided to distribute welfare checks, I mean 'economic stimulus checks', to us all after that passed?
How long did it take the oil futures market to drop today after Bush gave his speech?
You love making excuses when it's the liberal Congressional s screwing up. Typical.
Pelosi told us all in 2006 that the Democrats were going to fix our energy problems. If it takes a year for what Congress does to impact us, what does that say about their first year with control of things in D.C.?
You can try changing the topic and making excuses all you want, the bottom line is they aren't doing except standing around, blaming Bush, and saying 'hey, I've got an idea, let's tax the oil companies.'
Which isn't a solution to the problem.
But of course the end game for the Democrats is to make big oil and the Republicans look bad (as if they needed help) so they can take over the WH and Congress next year and really America hard with their socialist agenda.
Nonsense, this was all an evil plot by W., Cheney, and the Republicans, even though the Democrats had the majority in Congress...
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