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Location: By the sea, by the sea, by the beautiful sea
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Quote:
Originally Posted by monkeywrenching
you can tell that the election is close, and that obama wants to stay in office. the price of a gallon of gas is going down. i expect the price of gas to go back up again if obama is here again in office next year.
If you'd actually spend a little time in search of facts you'd learn the price traditionally drops every fall as winter blends are less costly to produce and there is less demand, I guess ya missed Econ 101, eh?
The problem with public lands is not that oil companies can't get permits, the problem is that they have the permits, but they won't drill. There are tens of millions of acres of land already leased out to oil companies, but they refuse to drill.
Quote:
After a drumbeat of complaints from energy companies that the Obama administration is blocking domestic oil and gas production, the Interior department released a report claiming that U.S. oil and gas producers are sitting on millions of acres of idle government land leases.
Secretary of the Interior Ken Salazar says that if producers were sincere about wanting to increase energy production, they would activate millions of acres of public land already leased to them. What should they be doing on that land? Drilling.
In a statement issued Tuesday, Salazar says the administration wants companies "to develop the tens of millions of acres they've already leased but have left sitting idle."
The problem with public lands is not that oil companies can't get permits, the problem is that they have the permits, but they won't drill. There are tens of millions of acres of land already leased out to oil companies, but they refuse to drill.
as usual, you listen to left wing kooks and dont have a clue what you're talking about.
They ALWAYS sit on millions of acres, because there is a delay between when they get a permit, and when drilled.
Note the pattern, the drilling permis and wells drilled follow the same pattern.
NEW YORK (AP) — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.
The largest single factor affecting oil price is the type of vehicles people in the US drive.
If you look around you on your commute, you will notice the Expeditions, Tahoe’s, Escalades and other 12mpg. vehicles that filled the freeways in the early 2000's are for the most part gone and replaced by Camry’s, Priuses, Fusions, and Optima's. The 12mpg vehicles are being replaced by 30mpg vehicles.
This is the same pattern we saw in the 80's which resulted in $1.00 a gallon gas in the 90's. The effect of this change will be seen in years to come.
If you had predicted in the 80's that people would go back to driving 12 mpg vehicles like in the 70's no one would believe it.
It is all a cycle, excess results in austerity, and austerity results in excesses.
If you'd actually spend a little time in search of facts you'd learn the price traditionally drops every fall as winter blends are less costly to produce and there is less demand, I guess ya missed Econ 101, eh?
It goes up and down. For example in August 2008 it was $4.18 (many forget) and by December it was around $2.00. Of course back then the economy was on a free-fall and the price of oil was dropping like a rock.
you can tell that the election is close, and that obama wants to stay in office. the price of a gallon of gas is going down. i expect the price of gas to go back up again if obama is here again in office next year.
Just imagine if the prez election was every month or two. We would be paying a nickel for a gallon of gas. lol
Just imagine how much it will surge if Romney wins and allows companies to drill on public lands.
Oil companies haven't been using the permits they already have for drilling on public lands. It doesn't surprise me that some people care so little about our public lands that they'd let greety, record-profit earning companies ruin more of them. Yes, that's the GOP way ... big government. Count me amongst Americans who love this country, and our values ... and our heritage. Sorry more people don't consider themselves similarly.
NEW YORK (AP) — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951.
And just imagine how much a gallon of gas will rise if Obama wins.
Funny how it took a Democratic President to make this happen.
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