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Shorebaby and Texdav, your arguments would be valid if the U.S. oil demand were not an all-time low TO THE EXTENT that Oil Companies are actually exporting more oil (than recent history) to other countries with higher demand.
In addition U.S. oil production is also at a high.
So I know your political leaning may suggest to criticize Obama and that his policy is affecting production (thus affecting gas prices).
How can that be so based on the facts on Low U.S. demand, high oil production that we are currently experiencing?
Your missing the core belief in te free market. Example is that crude doesn't appear over night or its prodcuts such as gasoline. Any policy that stops it is interference i free market. Same as providing money to solar deveoper or makig methnol additives to be used i ngasoline does. Governamnt can really control prices but they can impede prodcution by regulation that reduces supply and thus as effect on supply and demand. If Obama didn't think that supply and demand works then he certqinly wouldn't even think about releasing anything from our reserves held for emergencies.Any polirtcy that creats less supply effects cost under supply and demand and they know it.
It's still a free market. Those are just regulations that limit supply and demand. Regardless of the reason for the level of supply it is still a free market.
As for the additives you could apply that same philosophy to making toys or to the real estate market. There are regulations in those that raise the overhead of the final product (lead paint can't be used for toys and homes have codes and standards they have to live up to). Are those no longer free markets?
You have to buy land with approval, get government approval for water, electricity and gas as well as the codes and restrictions when building a neighborhood. All increase the cost to build, raising the price to buy.
I understand what you are saying but no matter what regulates how you get to your final product and supply it's just a "cost of doing business". If they really had a problem they would get into another business but being that last year was the most profitable for Big Oil I am sure they aren't worried.
What you are missing is, Obama is manipulating the market by preventing more drilling which increases supply, which in turn decreases prices.
Really?
Is that why domestic crude oil production has gone UP under Obama - 1st time it's done that for 2 years in a row since 1985 (with the increase in 2009 being the largest - by far - since 1980)? It didn't happen in REAGAN's 2nd term, it didn't happen in Bush 41's term, it didn't happen in either of Clintons' terms and it didn't happen in EITHER of Bush 43's terms. It happen during OBAMA'S 1st 2 years. Domistic drilling is UP for 2 years in a row - the first time that's happened in nearly 30 years - and it's happened on OBAMA'S watch.
So much for the "preventing more drilling" myth.
You need to quit getting your information from Rightwing "talking heads" who are merely trying to score political points - and actually look at the DATA.
I'm just curious, because Republicans and Conservatives are constantly arguing to let the Free Market system work and take the Government out of it!
Why do they ignore their core principle when it comes to gas prices?
Now that gas prices are rising they are blaming Obama (Government) for not doing something about it.
But wait....I thought they believe that Government should not intrude in the Free Market?
So if Oil companies and Gas stations want to charge 5 bucks a gallon for gas, isn't that the Free Market System working (according to their logic)?
What am I missing here?
How many threads on CD do we need to prove that Progressives have no idea that we have no free-market system in this country.
Government regulates every aspect of oil production & refining. Government would have to be removed from every aspect before we could even begin to approach free-market principals.
Quote:
Originally Posted by LordBalfor
Really?
Is that why domestic crude oil production has gone UP under Obama - 1st time it's done that for 2 years in a row since 1985 (with the increase in 2009 being the largest - by far - since 1980)?............
The reality is that production is up on private and state lands with permits issued by the prior administration. Production on federal lands and offshore is down by 70% since Obama took office.
: Production on federal lands and offshore is down by 70% since Obama took office.
Gee, you think THIS:
"...the oil industry was plagued by systemic problems that could lead to another accident unless major reforms are enacted by the government and the drilling companies. The panel placed blame on all three companies responsible for the well – BP, Transocean and Halliburton – and the government regulators responsible for overseeing them."
There's ALWAYS delays in resuming "business as usual" after a major "incident" - whether it be a space shuttle explosion, a fanancial meltdown - or an oil rig explosion. It's both prudent AND necessary.
I'm just curious, because Republicans and Conservatives are constantly arguing to let the Free Market system work and take the Government out of it!
Why do they ignore their core principle when it comes to gas prices?
Now that gas prices are rising they are blaming Obama (Government) for not doing something about it.
But wait....I thought they believe that Government should not intrude in the Free Market?
So if Oil companies and Gas stations want to charge 5 bucks a gallon for gas, isn't that the Free Market System working (according to their logic)?
What am I missing here?
For one thing, you're missing the fact that OPEC manipulates prices so oil really isn't free market to begin with.
But anyway..they are blaming Obama for it because the Democrats blamed them for it. It's politics.
Before he was elected, Obama said high gas prices were a sign that the Republicans were in bed with Big Oil.
Before Obama was elected, Pelosi also said high gas prices were the administration's fault.
Now that he's the one in the hot seat, Obama says high gas prices are a sign the economy is roaring back.
Now that the administration is Democratic, Pelosi says it is the fault of the wealthy 1% profiteering.
Really?
Is that why domestic crude oil production has gone UP under Obama - 1st time it's done that for 2 years in a row since 1985 (with the increase in 2009 being the largest - by far - since 1980)? It didn't happen in REAGAN's 2nd term, it didn't happen in Bush 41's term, it didn't happen in either of Clintons' terms and it didn't happen in EITHER of Bush 43's terms. It happen during OBAMA'S 1st 2 years. Domistic drilling is UP for 2 years in a row - the first time that's happened in nearly 30 years - and it's happened on OBAMA'S watch.
So much for the "preventing more drilling" myth.
You need to quit getting your information from Rightwing "talking heads" who are merely trying to score political points - and actually look at the DATA.
Perhaps you should follow your own advice regarding getting the facts straight. Especially since you took such a snarky attitude.
Quote:
The increase in domestic drilling was almost entirely in areas for which the Obama administration exercised no authority, as oil production on federal land declined by 11 percent in fiscal year 2011, according to a study by the Institute on Energy Research (IER), a free-market energy think tank. But oil production on state lands increased that year by 14 percent and increased by 12 percent on private lands.
“A lot of the wells that were supposed to be drilled weren’t because of the moratorium,” Dan Kish, senior vice president for policy at the IER, told CNSNews.com. “Drilling is up in the U.S. on lands he has no say over. On lands he has all the say over, drilling is down.”
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More Progressive ignorance about free markets
How many threads on CD do we need to prove that Progressives have no idea that we have no free-market system in this country.
