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The free market system has persuaded the oil companies to invest hundreds of billions of dollars in the search for resources, drilling, production, refining and distribution...so that anywhere I go, any time I need a gallon of gas, it is conveniently available to me. (The same effect is at work for nearly every other product or service I use.) The main effect of the politicians is to discourage production, restrict the supply, and drive prices higher.
The only thing oil companies have done was to discourage the development of the electric car and other alternatives.
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The oil industry lobbied to build public opposition to an electric car. They saw it as a threat to their monopoly on transportation fuel. Dr. Joseph Romm, Executive Director for Energy and Climate Solutions, said that with 100 trillion dollars worth of business left to be done, “The oil companies have a strong incentive to discourage alternatives.”
People like you have been touted wind and solar for DECADES. Guess what? It STILL cannot meet the needs of US energy requirements, even after years and years and billions of dollars in subsidies.
Stuck with oil? Oil is cheap, abundant and reliable and would be even more if the US were allowed to explore and use our own resources.
How many DECADES have the democrats/leftists/environmentalist/ANWR/anywhere obstructed drilling, not to mention their obstruction on the nuclear issue.
If we would have opened up ANWR and other opportunities, like republicans and conservatives wanted to DECADES ago, we wouldn't be in this position today.
Newsflash! America has no shortage of oil. In fact, America is exporting petroleum products at record rates and record profits for oil companies!
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The United States is enjoying a mini oil boom. It's producing more crude oil and, for the first time in decades, has become a net exporter of petroleum products such as jet fuel, heating oil and gasoline.
Today, we learned that for the first time since 1949, that fuels (gasoline, diesel and jet fuel) have become countries number one export? That’s right, we are now exporting more oil than we are importing. And yet we are still being told that the price of oil overseas and the volatility of the Middle East continue to control the prices at the pump.
they can come dig here in Indiana to. don't think they will fined any oil! i think the less oil we use the cheaper it should be. the problem is the world as a whole is using much more oil particularly china.and we are depending more on foreign oil. we should be digging off shore where the oil is!!!
Except for Alaska and a large swath of Europe, where many have died from the extreme cold.
Oh...I forgot...that's global warming too.
Well we are one of the largest polluters in the world
My point was that one month does not speak for everything. As I posted before (which you never responded to) we currently have the most active rigs in the last few decades. Oil companies took in record profits last year despite producing 4% less oil than the previous year.
Drilling will do nothing in the short term. OPEC will just cut back on production to make up for the surplus (Since the US exports a good amount of oil anyways) and who is to say big oil would reduce prices anyways? We are so handcuffed to oil that demand will always trump supply here. Always.
Could you please stop posting your facts, figures and proof and let's get this thread back on track talking about the fallacy that is the POTUS controls the price of gas. We don't need facts up in here!
For YEARS, the electric car has been pushed on the American people. The MARKET doesn't want the electric car.
Nonsense. When Bush left office, the price of gas was approx $1.80. Where is it now, where is it going?
And that was all done with less active rigs, no new drilling, no Middle Eastern uprisings, Iran not threatening to shut down the strait and plenty more issues going on.
Think about it. If no drilling got the price of gas down to $1.80 what changed since then the above stated problems? More oil is being produced (not including last year which say a dip in production of 4% yet record profits were made). More oil is being exported by the US. More oil is being produced around the world. What changed other than the thought to change the tax loopholes that big oil uses to boost their profits?
They raise prices, a Republican who will maintain their BS tax loopholes will come into power. They will be given the green light to drill more and the pipeline will be built. OPEC will scale back, big oil and speculators will maintain their falsely built oil prices and we will STILL be paying more for gas.
With profits in the area of $137 billion it's obviously not an issue with overhead, margins or supply. It's us idiots for continuously buying into the notion that we need to drill more.
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