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The fact that oil drilling platforms left our coat and went overseas? Many, much, oil that was going to be drilled, for future oil production, has been halted by Obama.... "how he can be to blame for it"?????
Yet, our domestic oil production has increased. Does he get credit for that?
The Gulf drilling ban is temporary. It'll come back. This isn't the first time it's happened.
For the first time in nearly 50 years, the US is a net exporter of petroleum products and our dependence upon foreign oil was down 10% during that same time period as domestic production of oil and gas increased substantially.
That's high Sulfur diesel.
Starting in June 2010, diesel is limited to 15 ppm Sulfur. Railroads and shipping/merchant marine can use the high Sulfur diesel until June of 2012.
As anyone would logically guess, trains and ships (and boats) don't have an especially high demand for diesel, much less high Sulfur diesel, comparative to the trucking industry.
The Sulfur redux process is very expensive. If you're talking about West Texas Sour (1.5%) it doesn't cost as much as California Heavy, Louisiana Heavy and others that are in the 3%-5% range.
What's happening here is nothing but a choice. Instead of reduxing the Sulfur and selling the diesel at $6.00/gallon, they've decided to export it to other countries that don't have the EPA standard of 15 ppm.
That's also true for gasoline. Instead of using the Sulfur redux to reduce to the Tier 2 30 ppm, they're exporting it.
Right now, EPA is reviewing Tier 3 for final implementation, which will probably be around January 2013, and that will call for a reduction to 10 ppm. Gasoline prices will rise, because of the added cost of additional Sulfur redux.
Also, I don't see where dependence on foreign imports are down. From the EIA website, your total imports:
Persian Gulf:
2010: 20,472,000 barrels per day
2011 through Oct: 18,247,000
OPEC:
2010: 57,450,000 barrels per day
2011 through Oct: 44,848,000
So I'm not exactly impressed (October is the last month data is reported by EIA for 2011).
Obama's commitment to developing even more oil and gas was proven today when the administration announced the sale of new leases in the Gulf of Mexico, leases expected to yield a billion barrels of oil.
While the Obama administration is routinely slammed for being so enamored of "green" energy that it ignores increased oil production, the facts for the first 9 months of 2011 show otherwise.
For the first time in nearly 50 years, the US is a net exporter of petroleum products and our dependence upon foreign oil was down 10% during that same time period as domestic production of oil and gas increased substantially.
The real problem here is we have an extremely weak economy. If the economy were better we'd be using more oil. "Green" energy sources are still too far off too expensive to do anybody much good.
It shouldn't take just liberals, but anybody with a functioning brain, and the desire to learn, to understand how oil prices work.
So you admit that anyone with a functioning brain will acknowledge that Obama is helping to decrease the exportation of oil products by refusing to run the pipeline and that Obama had to be court ordered to approve permits to drill? Then why is he taking so much credit for the increase?
Obama's commitment to developing even more oil and gas was proven today when the administration announced the sale of new leases in the Gulf of Mexico, leases expected to yield a billion barrels of oil.
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