Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You're right about the title of the thread. In my defense, I shortened it to "oil" rather than petroleum products because I don't know if there is a character limit on thread titles and took that liberty rather than end up with a truncated title.
In any case, I made it clear in the post.
Yes, but without the increased importing of oil, those exportatons of petroleum products couldnt take place. Its why the current pipeline under debate is so important to be approved.
Yes, but without the increased importing of oil, those exportatons of petroleum products couldnt take place. Its why the current pipeline under debate is so important to be approved.
Yet, we imported 10% less crude and petroleum products.
Any way you slice it, this news is good news and a validation of the President's energy policies.
By the way, in regards to the Keystone, I must say that I'm a supporter of it too and think it will ultimately be built. However, since the new fracking technologies are opening vast, previously un-tapped crude oil reserves, there's no reason to suppose that our production won't keep going up for the foreseeable future, barring the eco-nuts being successful in stopping the practice. Given that, it may be that we really won't need Keystone within a few years.
You can tout this nonsense but when you look at the numbers increasing production from one year to the next is hardly some oil boom. It's about on par to the last ten years and well below production during the '80's and 90's.
As for Obama's energy policy I don't really see one other than to make oil/coal as expensive as alternative fuels instead of the other way around. Not very smart unless you don't care if people can afford it or not. He apparently doesn't care.
You can tout this nonsense but when you look at the numbers increasing production from one year to the next is hardly some oil boom. It's about on par to the last ten years and well below production during the '80's and 90's.
As for Obama's energy policy I don't really see one other than to make oil/coal as expensive as alternative fuels instead of the other way around. Not very smart unless you don't care if people can afford it or not. He apparently doesn't care.
Oil and petroleum products are traded on the open market. How much influence over that do you think a President has?
So you are suggesting that reversing a ban on drilling allowed oil companies to immediately drill more oil? Surely you either are joking or are being misleading. It takes years after a permit is issued to actually get oil out of the ground.
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.
...and if Obama can ruin our economy a little more, cause more job losses and cause more businesses to close up shop, then we will need even less oil. The oil exports probably follow the same line of increase as Food Stamps and people giving up looking for a job, and dropping out of the US workforce.
I'll bet we have more families with both mom and dad playing the role of stay-at-home-parents, during this wonderful era of the Obama presidency. So stick a feather in his cap for that one too. With all these folks out of work, in this Obama depression, I'll bet we are using a lot less oil, gas, electricity and even traffic on the roads during rush hour has been reduced.
So you are suggesting that reversing a ban on drilling allowed oil companies to immediately drill more oil? Surely you either are joking or are being misleading. It takes years after a permit is issued to actually get oil out of the ground.
We know that. The liberals use that line all the time, they ask why bother exploring or drilling now, the oil will take years to hit the market, and then years later we have less oil drilling. The effects from this, anti-domestic energy, Obama admin will not be felt for years. When the current wells start drying up, then our domestic oil production will go down, and we will still be worried about a war starting because Iran is threatening to block the Straights of Hormuz... again. The left would not have to fret over conspiracy theories of "war for oil" if we drilled our own at home and did not desperately need to buy Mid East oil.
Your are correct. That was the big whine they always threw out about ANWR. Well it will take ten or fifteen years to get that oil up and going bla bla bla. Ten or fifteen years later it still sits there and the squeals continue.
It looks like the most important response to this thread is to be sure and not give the President any credit at all, but blame him for everything else.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
