Obama Driving Up Oil Prices

[ugonow]

to further his agenda-----whitehouse.blogs.cnn.com/2011/03/02/barbour-accuses-obama-of-driving-up-energy-prices-%E2%80%93-sound-familiar/

[vonnie6200]

I think if the administration opened up a bit on drilling permits - it would help stabilize the price of oil a bit

[ugonow]

I agree, in most cases, and it might be happening.---NEW YORK (CNNMoney) -- The Obama Administration approved a permit to drill a deepwater oil well in the Gulf of Mexico Monday, the first such permit issued since the BP disaster last spring.

The permit is for a Noble Energy well in Mississippi Canyon Block 519, approximately 70 miles south east of Venice, La., close to the spot where the BP rig sank.

63Email Print "This permit represents a significant milestone for us and for the offshore oil and gas industry, and is an important step towards safely developing deepwater energy supplies offshore," said Michael Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement.

The agency has been heavily criticized by the oil industry and others along the Gulf coast for delays in issuing new drilling permits.

Only 37 shallow water permits have been issued since a moratorium issued following the BP spill in April was lifted in the summer. The deepwater moratorium was officially lifted in October, but no new permits had been issued until Monday

[Politically_Incorrect12]

Mar 3, 2011 8:27:39 GMT -5 vonnie6200 said:

I think if the administration opened up a bit on drilling permits - it would help stabilize the price of oil a bit

It might do so temporarily. It's more symptom management though, and not really fixing the issue since he increasing demand for oil in developing countries will keep increasing the price. Finding alternative sources sounds like a pretty good idea to me for a long term solution to the problem.

[fairlycrazy23]

We should have used stimulus money to increase domestic energy production, drilling on shore, shallow water and deep water is one area; but we also have shale oil reserves that dwarf Saudi Arabia that we should be tapping into gung ho.

We also need to increase nuclear power big time as well, if the administration doesn't want to use coal fired power plants, then they need to streamline the process to open new nuclear power plants

[ed1066]

Isn't this good news? If gas becomes totally unaffordable for the average American, that means less CO2 emissions. Maybe this is Obama's way of combatting "global warming", by destabilizing the middle east and paralyzing the American economy.

[Savoir Faire-Demogague in NJ]

Isn't this good news? If gas becomes totally unaffordable for the average American, that means less CO2 emissions. Maybe this is Obama's way of combatting "global warming", by destabilizing the middle east and paralyzing the American economy.

You would not be suggesting the entire US population be on govt handouts?

[ed1066]

You would not be suggesting the entire US population be on govt handouts?

No, I'm saying the Democrats' plan to turn America into a third world country seems to be working. They have destroyed the dollar through massive overspending, have destabilized the middle east and disrupted the flow of energy, and have blocked every attempt to allow us to gain energy independence from the middle east.

[EVT1]

Mar 3, 2011 8:27:39 GMT -5 vonnie6200 said:

I think if the administration opened up a bit on drilling permits - it would help stabilize the price of oil a bit

I think all of this drill fever is a load of crap-as well as the price of oil and gas. So what if we drill more? We won't see a drop of it anytime soon and it will cost money now to set up- meanwhile Opec is free to drop production levels at will-and if they don't do it the traders will artificially do it- the high price is good for everyone involved except the people who actually pay for it at the end of the line. They are constantly pushing to find the sweet spot just .01c away from tanking the economy again. A good slow bleed just slow enough to keep the customer alive. Time to ditch oil for good.

[Savoir Faire-Demogague in NJ]

I think all of this drill fever is a load of crap-as well as the price of oil and gas. So what if we drill more? We won't see a drop of it anytime soon and it will cost money now to set up


Sometime in 1998, Bill Clinton was speaking at some conference, I forget where. He made some sort of statement indicating he did not want to open up some region to drilling, I think it was in Alaska. His rationale was that it would take 10 years to see any oil pumped out. That was 13 years ago.


Time to ditch oil for good.

For what? Corn? We have rapid price escalation in food prices already?
Solar? Wind? Combined they barely produce 3% of our energy needs at most. I also point out that I put a solar domestic water heating system on my house in the mid-80s, so not to appear that I am anti-renewable.
Many, if not all communities at the NJ shore have enacted ordinances making it difficult to put up windmills.

[EVT1]

Well- I'm going electric next vehicle for starters. Besides, alternatives are in only their infancy here-so much tech coming in the near future. Go ahead and stick with gas and pay out the nose if you want- might as well stock up on incandescent bulbs too while you still can.

[upstatemom]

Evit: and your source for electricity??? I think that would be coal burning power plants... how environmentally friendly are they?

[vonnie6200]

Mar 3, 2011 19:20:17 GMT -5 upstatemom said:

Evit: and your source for electricity??? I think that would be coal burning power plants... how environmentally friendly are they?

much friendlier than they used to be

[EVT1]

I didn't say oil for environmental reasons did I? I get sick of having to pay extra whenever the pricks in charge feel like it. In fact- I don't think we should even allow energy traders to get involved at all- simple- if you can't physically take delivery you don't get to play. Gas prices are inflated by whim and everyone knows it. Americans are like a battered wife that refuses to leave the abuser. Maybe a few gas lines 70's style will get through to them.

[upstatemom]

Evit- Sorry, I just get tired about the electric car push for green when so many forget the offsett. I jumped to a conclusion.

I totally agree with your comment about the oil traders, they are getting rich and its a game for them.

[workpublic]

the gouging at the pumps is on gas that was made from oil bought months ago.
the oil hasn't even stopped flowing out of the troubled areas yet and prices at the pump jump.

energy traders use proprietary derivative calculus equations to buy and sell oil. they make money on the dips and raises.

[Loopdilou]

It's amazing what conspiracies you people come up with and attribute to Obama. Next you'll say he's actually an Alien and doing all this so that his species has an easier time colonizing us

[vonnie6200]

Mar 3, 2011 20:50:08 GMT -5 Loopdilou said:

It's amazing what conspiracies you people come up with and attribute to Obama. Next you'll say he's actually an Alien and doing all this so that his species has an easier time colonizing us

well - he isn't doing anything to make the situation better

[workpublic]

here's what he promised to do.

my.barackobama.com/page/content/newenergy_more


how's it coming along guys?

[EVT1]

I just like the tech and the idea of not going to gas stations anymore-at least during normal commuting. I can always rent a vehicle for long trips. Batteries are only going to improve (cheaper/faster to charge/ higher capacity) and gas engine use will decline. Speaking of car tech and the green push, I am quite convinced if the GOP ran things we would still be on carburetors and push rod motors and not be able to go downtown without an environmental suit on. On one side we have the push for no more tailpipes- on the other a return to no EPA regulations and diesel trucks again spewing clouds of black smoke and particulates. I just can't see supporting that.

[EVT1]

Mar 3, 2011 20:46:20 GMT -5 workpublic said:

the gouging at the pumps is on gas that was made from oil bought months ago.
the oil hasn't even stopped flowing out of the troubled areas yet and prices at the pump jump.

energy traders use proprietary derivative calculus equations to buy and sell oil. they make money on the dips and raises.

Nice to know our best and brightest are working in a leech industry exerting nothing but drag on the economy instead of maybe doing something productive with their lives-but, hey, why work on curing cancer or alternative energy systems when you can make millions using advanced math to screw your fellow countrymen?

[vonnie6200]

Mar 3, 2011 21:08:15 GMT -5 EVT1 said:

I just like the tech and the idea of not going to gas stations anymore-at least during normal commuting. I can always rent a vehicle for long trips. Batteries are only going to improve (cheaper/faster to charge/ higher capacity) and gas engine use will decline. Speaking of car tech and the green push, I am quite convinced if the GOP ran things we would still be on carburetors and push rod motors and not be able to go downtown without an environmental suit on. On one side we have the push for no more tailpipes- on the other a return to no EPA regulations and diesel trucks again spewing clouds of black smoke and particulates. I just can't see supporting that.

What happens to all the dead batteries - are they going to become another environmental hazard?

[workpublic]

Nice to know our best and brightest are working in a leech industry exerting nothing but drag on the economy instead of maybe doing something productive with their lives

that's what i thought when i saw him and his group of proteges.
but hey it's still a free country. we don't know what they do with the money after they make it.

i worked a contract at an energy trading company.

a russian guy came up with the idea. he's written books about it.

it was an honor to be a protege. he had four "smart kids" almost stereotypical. an asian girl who spoke broken english, a jewish kid, an asian guy who spoke better english and a waspy ivy league kid. all would put in long hours, tons of stress and being screamed at for the "honor" of learning from the master.

he was quite recalcitrant to say the least. but also immensely wealthy.

[Loopdilou]

Mar 3, 2011 21:36:55 GMT -5 vonnie6200 said:

Mar 3, 2011 21:08:15 GMT -5 EVT1 said:

I just like the tech and the idea of not going to gas stations anymore-at least during normal commuting. I can always rent a vehicle for long trips. Batteries are only going to improve (cheaper/faster to charge/ higher capacity) and gas engine use will decline. Speaking of car tech and the green push, I am quite convinced if the GOP ran things we would still be on carburetors and push rod motors and not be able to go downtown without an environmental suit on. On one side we have the push for no more tailpipes- on the other a return to no EPA regulations and diesel trucks again spewing clouds of black smoke and particulates. I just can't see supporting that.

What happens to all the dead batteries - are they going to become another environmental hazard?

It depends. Here's what happens to the batteries in Tesla's (which is what I personally want to own):

www.treehugger.com/files/2008/03/tesla-electric-car-batteries-non-toxic-recycled.php

[Politically_Incorrect12]

Mar 3, 2011 21:08:15 GMT -5 EVT1 said:

Speaking of car tech and the green push, I am quite convinced if the GOP ran things we would still be on carburetors and push rod motors and not be able to go downtown without an environmental suit on. On one side we have the push for no more tailpipes- on the other a return to no EPA regulations and diesel trucks again spewing clouds of black smoke and particulates. I just can't see supporting that.

Good to know that blind partisanship isn't dead.

[workpublic]

nixon(R) started the EPA

[handyman2]

What I find interesting is that while we are trying to develop vehicles that use less petrolium based fuels and you look at the auto shows that have hybreds on one side and high powered gas guzzling sports cars on the other and all the focas by attendies is more toward the cars with big engines. This tells me that the staid battery powered cars are going to be a tough sell for a long time.

[reasonfreedom]

Mar 3, 2011 20:50:08 GMT -5 Loopdilou said:

It's amazing what conspiracies you people come up with and attribute to Obama. Next you'll say he's actually an Alien and doing all this so that his species has an easier time colonizing us

To be honest with you, I don't think he is intelligent enough for anything like this.

[reasonfreedom]

Mar 3, 2011 18:39:44 GMT -5 EVT1 said:

Well- I'm going electric next vehicle for starters. Besides, alternatives are in only their infancy here-so much tech coming in the near future. Go ahead and stick with gas and pay out the nose if you want- might as well stock up on incandescent bulbs too while you still can.

If you have worked on the newer autos that have more electronics or know technicians that have, then you would realize that it will eventually cost you just as much if not more for an electric car. Electronic repair on an automobile is the hardest and most expensive labor(the time factor), ontop of that most auto shops you go to will think they have fixed the problem one place and it actually originated in another.

[EVT1]

Mar 3, 2011 22:56:43 GMT -5 workpublic said:

nixon(R) started the EPA

I don't think the modern conservatives have much in common with Nixon era Rrepublicans. They sure as heck wouldn't back the EPA or any government regulations for that matter.