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Banks are important but NOT that important... and HappyTexan is right.. the low Fed rate is killing consumers... why should the banks let you borrow money when they can borrow it dirt cheap and waste it playing the market... or covering their financial mistakes.. We need a higher Fed rate so banks are borrowing from us and not our tax dollars.. in return we get lower mortgage rates, etc etc...
Banks are important but NOT that important... and HappyTexan is right.. the low Fed rate is killing consumers... why should the banks let you borrow money when they can borrow it dirt cheap and waste it playing the market... or covering their financial mistakes.. We need a higher Fed rate so banks are borrowing from us and not our tax dollars.. in return we get lower mortgage rates, etc etc...
It is the fact that we all want more and more gas and otehr energy. But now we need to include all the rising econmies of teh world that are craving more and more.Two millon gallons of excess prodution capacity is driving the price because it is a drop in the bucket.
there is NO WAY that oil companies in the US can drill what they have under lease NOW so why go to all the trouble of drilling in the Arctic in much smaller reserves that are difficult to extract and ship--they would go to ASIA on tankers--not to the US via pipeline--where are the refineries on the WEST coast--there aren't any to handle any more oil brought in....
stupid--
just like drilling in the GULF---there are already leases lff-shore that are not drilled--why go deeper which is more difficult and would require HIGHER prices of oil to be feasible--
this is a dog chasing its tail...
HOW MANY OF THESE POSTERS COME ANY CLOSER TO AN OIL or GAS COMPANY THAN A GAS PUMP?
none I bet
and don't tell yourself that reading about it especially the reactionary info that is posted on blogs and web pages is "informed" information...
This is very true. Democrats will argue this point but they only look at the oil industry at the surface, not in depth. It is a far more complicated industry then they understand, or even want to understand. They are more concerned about what they believe it does to the enviroment.
there is NO WAY that oil companies in the US can drill what they have under lease NOW so why go to all the trouble of drilling in the Arctic in much smaller reserves that are difficult to extract and ship--they would go to ASIA on tankers--not to the US via pipeline--where are the refineries on the WEST coast--there aren't any to handle any more oil brought in....
stupid--
just like drilling in the GULF---there are already leases lff-shore that are not drilled--why go deeper which is more difficult and would require HIGHER prices of oil to be feasible--
this is a dog chasing its tail...
HOW MANY OF THESE POSTERS COME ANY CLOSER TO AN OIL or GAS COMPANY THAN A GAS PUMP?
none I bet
and don't tell yourself that reading about it especially the reactionary info that is posted on blogs and web pages is "informed" information...
No one is really sure where the oil is on much of the unused lease land. We know where the oil in other unleased areas offshore and in ANWR. We might as well pick the low-hanging fruit, so to speak.
As for refineries, it is true we need more of them. Environmentalists are opposed to more refining capacity, naturally, but they are also opposed to drilling for more of our oil. Their policies are bad for America and their propaganda has went a long way towards getting us in the mess we are in now.
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