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News the Tea Party Doesn't Want you to see: US #1 in oil and gas production

Discussion in 'Politics & Religion' started by earlpearl, Oct 29, 2013.

  1. #1
    Here is news you'll never find coming from the tea party. It has to do with growth in the US economy, creation of jobs, growth in natural resources production, lowered prices for gas, leading to growth in manufacturing, growth in exports, reductions in oil imports, and other beneficial aspects to the US economy. Basically the enormous change has all occurred during the Obama administration:

    http://www.slate.com/blogs/future_t...passes_russia_under_obama_administration.html

    Its ultimately been a jobs engine and a competitive edge: All beneficial to the US economy. It all occurred during the time Obama has been in office.
    SEMrush
     
    earlpearl, Oct 29, 2013 IP
    SEMrush
  2. Obamanation

    Obamanation Well-Known Member

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    #2
    Why would the Tea Party not want anyone to hear that news? One would have to be ridiculously uninformed to think that it is happening because Obama is in office, rather than in spite of the fact Obama is in office.

    Enjoy:
    House Republicans said a Congressional Research Service (CRS) study made public Tuesday backs up claims that President Obama’s policies have handicapped oil-and-gas production on federal lands.

    The study by the nonpartisan CRS concluded that while overall United States oil-and-gas production has increased since 2007, it has declined considerably on federal lands.

    ...
    The CRS study concluded that crude oil development on federal lands dropped 7 percentage points between fiscal 2007-2012, even though total output rose by about 1.1 million barrels per day.

    For natural gas, overall U.S. production increased 20 percent between fiscal 2008-2012 despite falling by one-third on federal lands.

    Additionally, the report noted that in 2011 it took on average 307 days to get a drilling permit on federal lands. That was a 41 percent increase compared with 2006, it said.

    The Hill
    ----

    What does it all mean? Pretty simple really. Obama has done almost everything in his power to kill domestic drilling, making it very difficult to get a permit to drill on federal land, blocking the Keystone Pipeline, and backing legal efforts to restrain fracking on private land.

    In the meantime, fracking has opened up an energy boom in the US, but it is only being experienced in red states like N. Dakota that aren't trying to regulate it out of existence. Even still, Obama's refusal to allow the Keystone pipeline to go through is making the transportation of that energy to the ports in Texas dangerous and expensive.

    You were quite correct when you pointed out that the increased production is helping to prop up our sagging economy, but to hand Obama credit for it is like declaring Adolf Hitler an honorary member of the JDL. Its not just a lie, its utterly offensive.
     
    Obamanation, Oct 29, 2013 IP
    grpaul likes this.
  3. gworld

    gworld Prominent Member

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    #3
    For this you have to thank the dry alcoholic Mr. Bush. It is his wars in Afghanistan, Iraq that pushed the oil price to unreal levels and caused the huge profits which made the oil business in America profitable again. Of course this is not in any way to deny that Mr. Obama has been a very good servant of the oil industry or lower the value of his services for continuing with wars and destabilizing the Middle East in order to keep the price of oil artificially high. :rolleyes:;)In the meantime who cares the high price of oil has caused inflation, a lot of companies have become unprofitable and normal people have become poorer and hardly survive.
     
    gworld, Oct 30, 2013 IP
  4. Obamanation

    Obamanation Well-Known Member

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    #4
    [​IMG]
    If Bush was after oil money in Iraq, it wasn't by driving the price up. He obviously dramatically increased Iraq's oil production, probably much of that through companies of his friends in the oil business. Nevertheless, increased supply != higher prices, but rather exactly the opposite. If it was all about oil, perhaps Bush was simply sick of countries like France making all the money from the oil for food program which fed Saddam.


    Again, considering the price is based on supply and demand, there is no conflict in the middle east that is threatening supply outside of Iran. They swapped out leadership in Libya so fast (mostly at the behest of France), the oil companies hardly skipped a beat.

    I seriously doubt Obama's war on cheap energy is based on profiteering for big oil, though his friends at companies like Solyndra have walked away with tidy sums. Obama's war on cheap energy is more likely based on his belief that $9 a gallon gas will help save this world from global warming.

    Here in California, they take that belief very seriously, so they solve with taxes what they cannot solve with normal laws of supply and demand. It is why our gas is nearly 50cents a gallon higher than any other state in the union, let the poor be damned. I'm not sure what genius in our government managed to figure out how to remove many of the fuel related costs from our inflation number, but anyone who shops for groceries in this country can tell you there is inflation, and anyone who drives to work can tell you they pay a lot more now than they did 6 years ago.
     
    Obamanation, Oct 30, 2013 IP
  5. earlpearl

    earlpearl Well-Known Member

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    #5
    @ O-Nation: LOL. Ha ha ha. That is the desperate absurdity of the tea party thinking. Its the greatest surge in US oil production in modern times: It completely changed the dynamics of oil and gas production: It has profound positive impacts on American jobs now, technology now, it creates some freedom for the US on political fronts in a manner that hasn't been there for decades: and it all occurred during the period Obama has been in office.

    ....and the tea party, which can't stand the sight of this news finds a perverse half baked way to turn it into an attack.

    Tell that to the people who are working in producing oil and gas, and tell that to producers and consumers who are getting the benefit of low gas prices.

    Of course the tea party politicians did what politicians virtually never do. They kicked people out of work. They personally directly slowed the economy and picked the pockets of Americans across the land.

    Ultimately businesses lay off people...in most cases. Not recently The tea party Republicans drove about 1 million Americans out of work. Some, the private contractors, the hotels and etc. will never get that money back. Its solely on the back of the tea party republicans. Its why so many Republicans are disgusted with the tea party.

    But the tea party came up with some kind of half baked reasoning...that only the tea party fanatics can believe.

    Real humans don't buy into this cr@p. Only fanatics do.
     
    earlpearl, Oct 31, 2013 IP
  6. gworld

    gworld Prominent Member

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    #6
    Tell us about it. :rolleyes:

    [​IMG]
     
    gworld, Oct 31, 2013 IP
  7. gworld

    gworld Prominent Member

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    #7
    LOL. At least your posts are not as stupid as Mia who was claiming if Bush went to war because of oil then Americans would get free gas in gas stations instead of paying higher prices.;):)
    You at least try to paint your BS with some generalizations about demand and supply theory. If your theory was correct then demand must have increased by at least 5 fold in order to justify the price increase from $20 to over $100 a barrel. Did world population increased by 5 fold? Did consumption of oil has increased by 5 fold? Did the cost of production has increased by 5 fold? The answer is no to all questions. There is already an oversupply of oil in the market and that is the reason Iran has approached different buyers that after the end of sanctions, they are ready to sell with discount in order to capture their markets again. You can still buy gas in UAE for about $.25/ liter or less than a dollar /gallon. The oil producers in the USA went bust because their production cost was too high when a barrel of oil was about $20 but that is not a problem any more thanks to the dry alcoholoic Mr. Bush.
     
    gworld, Oct 31, 2013 IP
  8. Obamanation

    Obamanation Well-Known Member

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    #8
    Ignoring the economic collapse, where people investors used oil as hedge, Bush left us with ~$60/barrel oil, which is commensurate with Katrina wiping out gulf oil production, 9-11, and two wars in the middle east. It doesn't change the fact he setup Iraq to produce more than it had in two decades, which would have lowered prices.

    If you are asking why prices, after Bush left office, climbed back up to the highs experienced when investors were using oil as a hedge, one would have to examine Obama's presidency.

    [​IMG]

    A few highlights:
    1) Complete shut down of US gulf oil drilling for a year after the Deep Water Horizon spill.
    2) Oppressive environment to US oil producers, including long delays in permitting processes for oil exploration and drilling, refusal to expand oil transportation capabilities within the US (Keystone), etc
    3) Strong legislative pushes for policies like Cap and Trade, driving even more oil production out of the US.
    4) Lagging US economy, holding down US oil demand while demand from China doubled or tripled.
    5) Debt to GDP ratio cresting 100% for the US, the worlds reserve currency, causing investors to once again hedge in oil.

    There is no getting away from supply and demand. Bush impacted supply and demand with his Iraq forray, but as I pointed out, he increased supply dramatically while there.

    @earl: You are off your nut. Your argument seems to be with reality. Try reading The Hill article I linked. It will provide you a healthy dose of it.
     
    Obamanation, Oct 31, 2013 IP
  9. earlpearl

    earlpearl Well-Known Member

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    #9
    @gworld. I didn't mean gasoline I meant natural gas.
     

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    Last edited: Oct 31, 2013
    earlpearl, Oct 31, 2013 IP
  10. gworld

    gworld Prominent Member

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    #10
    LOL. Are you aware that Iran is giving Turkey with free natural gas, just to gain political favors? While you are at it, I have heard that wheat crops in Ukraine were very good this year, you can claim that being one of the Obama´s miracles too.:rolleyes:
     
    gworld, Oct 31, 2013 IP
  11. gworld

    gworld Prominent Member

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    #11
    The world believed that with the nut case leaving the white house, world will get back to normal and that political reason caused the drop in oil price. Do you remember the mantra about hope, change and giving a Nobel peace prize to Obama? When the world noticed that there is no difference between the crazy one and the uncle Tom and the war business is going to continue as usual then the price went up again. The price drop in the last days of Bush was not because he was in the office, it was because he was leaving. ;):)
     
    gworld, Nov 2, 2013 IP
  12. Obamanation

    Obamanation Well-Known Member

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    #12
    The price drop in the last days of Bush was over fear that the world economy was going to collapse, and because of that, demand for oil would be non-existent. That, and the $140/barrel price of oil at that point in time was an unsustainable bubble.
     
    Obamanation, Nov 2, 2013 IP
  13. gworld

    gworld Prominent Member

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    #13
    You are just too modest about how much the world hated Bush and how positive everybody was about the dry Alcoholic leaving the office.;):)

    Too bad the uncle Tom was not any better.
     
    gworld, Nov 2, 2013 IP
  14. Obamanation

    Obamanation Well-Known Member

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    #14
    I'm not sure what Bush's favorability ratings outside the US have to do with the price of oil, but whatever. I'll grant you much of the world outside of the UK, Germany, and Africa disliked Bush immensely. At least we didn't have 35 nations complaining to the UN that we were wiretapping their leaders and citizens. Obama sure has earned that nobel peace prize they gave him for not being Bush.
     
    Obamanation, Nov 2, 2013 IP
  15. gworld

    gworld Prominent Member

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    #15
    Bush war mongering and making businesses uncertain had everything to do with the price of oil. Oil is a bubble even at $60, less alone at over $100. There is no shortage of oil and that was the reason the price was $20 and USA oil industry was a bust. American oil industry, the same as Canada sand oil can only survive through unrealistic price bubbles caused by talks of war. Oil is up, the same as gold because the world believes that maniacs are in power in Washington and can start new wars at any time. As you might know businesses hate nothing more than uncertainty.
     
    gworld, Nov 3, 2013 IP