Say Anything Blog

I just can’t wrap my mind around the fact that every story doesn’t hammer the greens and the government for failing the American people.  We need new refineries and new drilling for domestic oil, gas, and coal. 

Clinton locked up in a national monument 7 billion tons, the first or second largest deposit of the cleanest burning coal in the world.  It is in Utah (1 trillion dollars worth) that partially belonged to the Utah School Trust and by making it a national monument it was completely removed from the market.  This happened and Clinton received illegal campaign money from Lippo Group, they control the next largest deposit of this type of coal.
http://laissez-fairerepublic.com/indocoal.htm

We haven’t built a refinery for 30 years, we can’t drill off our own coast but Castro can, we can’t drill in a part of a refuge we set aside FOR DRILLING when we rhetorically fenced it in.

Yet Democrats complain about the price.  There will be a price for fuel that will force this recognition and it will bite the Dems in the ass one day.
DKK

Corporations don’t pay taxes; their customers do.
Customers of gas station will pay more taxes, thanks to congress.

No wonder Congress gets a lower poll rating than President Bush. I almost bet that the fanatical liberals are scratching their heads on this one? How does this make sense again? My wife was telling me that right now we have more oil in our reserve than we ever did, but Congress (Dem Controlled by the way) will not release any of this. Dems say they want us not to be dependent on foreign oil, but unless those tree huggers let us start doing our own drilling, we are always going to be dependent on foriegn oil, some of those countries we are dependent on do not like the US at all (but like our money). That right there is a National Security issue.

patriotfirst,

There was a post here on sayanythingblog earlier that dealt with the Strategic Petroleum Reserve and it’s alleged impact on prices.  In fact, as new petro is pumped into the reserve, old petro is pumped out to be sold on the market.  The only time there is more put in than taken out is when the size of the reserve is expanded to increase the amount available in times of crisis. 

As for Hoyer’s idiocy,

Let’s makes sure people understand that the price of their food goes up with the increased use of bio fuels, and that the “loopholes” he’s closing will actually increase our price at the pump and that solar and wind energy are dependent on the weather, and that Hoyer and his wealthy pals don’t have to get up and put gas in the car, don’t have a work truck, don’t have a family requiring a mini-van, don’t worry about where the thermostat is set, whether a light was left on, etc, etc.  They are in love with the sounds of their own voices and serve the interests of their campaign contributors.  And they think this bull crap is being done for our own good so they’ll never releant in their torment of the average joe.

Democrats have been trying to do this for 40 years.

Una Salus Victus Nullam Sperare Salutem

Doesn’t anybody understand the term “PROFIT”..That’s what a company acquires after ALL other production expenses are subtracted, including paying off the right politicians, research, developmentand construction of new wells,advertising, payroll,etc.  It’s what is left over! There is no shortage of crude. The price is driven by speculators who buy oil for a certain price, hold it off the market until the price goes up and then sells it.What makes us victims is the reality that we are addicted to the use of fossil fuels.  Even if they opened up the alask oil fields, it wouldn’t change a thing. The speculators would buy up those bbls as well.  There is no limiot to how much people will pay for gasoline. None! Think about it.

The bottom line is that human beings will pay whatever is necessary ro maintain their ability to exist, be it health care, transportation, food etc.  Unfortunately we’ve allowed those commodities to be controlled by greedy uncaring individuals.  It’s the same formula that brought about communisim.

Thank God for profits!  And for “speculators” as well, without whom there would be no investments, no profits, and no gasoline.

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

Unfortunately we’ve allowed those commodities to be controlled by greedy uncaring individuals.

I suppose this “explanation” is sufficient for those who know as much about markets in general, and fungible commodities in particular, as they do the sex lives of sea urchins.  But the fact is that being greedy and uncaring has nothing to do with it at all.  Those adjectives are merely the pejoratives of the uninformed.  Nor do the markets care whether a person is young or old, male or female, left-handed or right-handed, or Republican or Democrat.

In fact, the last greedy, uncaring person to try to control an international market was George Soros.

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

What currency is oil and most commodities priced in?
Has the value of that currency dropped?

Drilling for more oil will not increase the value of the USD.
Copper is so expensive vacant homes are being stripped of it. Should we open up more copper mines?

Or should we increase the value of the currency that these commodities are priced in.

Gas will hit $4 a gallon b/c a barrel of oil has gone from $52 to $100 a barrel in a 12 month period and the profit margins of the refineries has decreased.

And Ben is gonna drive the USD even lower next month which will increase the price of commodities priced in it.
In simpler terms........Oil is gonna skyrocket.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

All excellent reasons to increase drilling,pumping,and refining more oil/gasoline. Thanks for helping clear that up.

Una Salus Victus Nullam Sperare Salutem

2h,
Will that bring the price of oil down?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Yes, it will.

Una Salus Victus Nullam Sperare Salutem

Yet Democrats complain about the price.  There will be a price for fuel that will force this recognition and it will bite the Dems in the ass one day

LT-

The Dems have long played this game—set the stage for failure and then blame someone else.  They set the stage for failure in Vietnam by portraying military victories as defeats, beating the defeat drum, undermining support for the war here at home and undercutting the effort via Congressional action.  The Dems never really did take any heat for any of that.  Blame was left at the feet of Nixon and all the evil war-mongering, corrupt Republicans.

Every Mass Public Shooting is a result of a combination of Leftist programs: stringing our kids out on SSRI’s, teaching them classes on Wiccan practices, death and nihlism, coupled with complete victim disarmament.  The bad guys know they can rack up the biggest body counts where victims can’t shoot back and will be assured a place in history via an MSM that will hype the story.  The Dems never take heat for that either, but can reliably be counted on to blame Rush, guns and to call for yet more gun control.

As posters have pointed out, Dems have set the stage for this failure as well.  Our dependence upon foreign oil is assured, as is the associated pain.  Tree-hugging policymakers reason that this pain will be an incentive to develop alternative energy.  In the meantime we mortgage our future to foreign debt and ensure that we have to become embroiled in the affairs of oil-producing nations.

And the Leftist MSM will spin like a top to make sure the blame is deflected away from the guilty parties and laid upon the bad-guy of the week (who ever the figurehead Republican, most likely)

What will bring down the price of oil?

A couple possibliities.

1) Seize the oilfields, or at least install puppet governments (Nigeria, Venezuela, Iraq, Iran, etc… ) of those controlling the oilfields.

But that is a stretch.  Red China’s newfound voracious appetite for energy and raw materials will be a growing source of tension between the US and Red China for the foreseeable future.  Perhaps even a cause for future armed conflict.

2) Develop domestic sources of energy.

Go ahead and start drilling here, moving all Dem protestations aside.  Re-introduce nuclear energy. Looking at the Leftist complexion of government, especially the likely presidential candidates, again, not likely.

3) Develop alternative sources of energy.

This may be achievable.  I wonder how much of the urban legend that oil companies buy up the patents to alternative energy solutions and spike them is true or not.  If it is, there is a fairly straightforward solution—amend the laws on intellectual property to require ‘use it or lose it. ‘ Some countries follow such a regime, since the entire concept of intellectual property law is to encourage the useful arts.  There is no incentive to invent if your invention is spiked and cannot be put into use.  (see Where can I put the meter? )

One area that I am very interested in is fusion research, which incidentally may be why the US, the old Soviets and now the Red Chinese have a sudden interest in returning to the moon.  Analysis of lunar samples turned up strong deposits of Helium-3, an isotope, which when mixed with deuterium has the strongest reaction yet towards fusion break-even.

Fusion scientists are working on both super-heated, magnetically confined fusion reaction as well as cold or table-top fusion, but controlling the process once it starts has been a nagging problem.

Still, it holds promise, and other forms of energy, maybe none by themselves, but if many forms are used (solar, geothermal, tidal, wind, etc...) a big chunk out of our energy needs might be met with them.

...for great justice

Zig Zag.....That’s 2 frickin funny.

1) Seize the oilfields, or at least install puppet governments (Nigeria, Venezuela, Iraq, Iran, etc… ) of those controlling the oilfields.

I like how you left out the Saudi’s

Oil is priced in $$$$$$$$

That’s why we pay $100 a barrel for oil from Alaska and the gulf.
OPEC will most likely cut production on March 5th due to the value of the USD.

Hey Zig....how about if China decides to seize our corn fields and install a puppet gov over here....

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Oh and Zig.....that dude that dubya is havin so much fun with.....he’s one of the worlds worst dictators.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Does not look like Saddam. Is it Bashir Assad?

Una Salus Victus Nullam Sperare Salutem

I agree 2H, increasing the production volume and production capacity can and does drive down prices.  It’s simple supply and demand.

A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.

Pomeroy’s statement on the floor. Hard to believe he represents a state that owes much of its current economic health to the oil industry. Screw you, says Earl:

Mr. POMEROY. Mr. Speaker, this debate has been quite extraordinary for my friends on the other side of the aisle. They create a picture of great concern: poor, poor oil companies. Oil priced globally at over a hundred dollars a barrel. Prices at the pump approaching record levels, certain to hit record levels at the time the North Dakota farmers have to go to plant their crops. Oil companies reporting record profits. Now, not just record profits relative to their earnings and profits of years past. I mean with ExxonMobil, the biggest profit ever posted by a corporation in history.

And yet, when we look at trying to break this stranglehold on imported oil and build renewable sources of energy so that our economy is not so dangerously dependent upon imported oil, we look to using as a pay-for for these renewable energy incentives a tax provision exploited by oil companies beyond what was ever intended by the Ways and Means Committee. You have the White House threatening veto. You have House Republicans screaming tax increase. I’ll tell you, that is an energy policy completely out of gas. We need to move, and move now, to renewable sources.

Take, for example, one, wind power. You know, we are now into a period of time where the wind production tax credit expires at the end of this year. The consequence relative to new products put online is already going to be felt. A recent study by the Solar Energy Industry Association, American Wind Energy Association estimates that if this credit expires, it will cost 6,000 megawatts of new wind energy production, nearly 77,000 jobs, 11.5 billion in economic impact, all in 2009.

This is the group on the other side when they were in the majority that allowed the wind production tax credit to expire three times since 1999. They extended it an additional five times. Now, how in the world can we build a renewable energy system when you have got a tax credit that maybe there isn’t there, you can never get your financials right, to make the move this country must make to renewables with wind power playing the major role.

We need to pass this bill and break this lock that oil companies have had on policies coming out of this Chamber.

Not to mention that OPEC will immediately take steps to force down price in order to maintain elevated volume of sales.

Una Salus Victus Nullam Sperare Salutem

Well what I can tell you is, the search for alternative fuels has hurt many businesses, especially the one my company supplies. My company makes feed for domestic catfish farms(I book the grain used to make the feed)and in the past 6 months grain price have increased so much that finished feed prices have gone up 64%, and we(my company ) have not increased our profit margin IN ALMOST 9 YEARS!!! Also , the owner’s manual for my car says I may see as MUCH AS A 30% DECREASE IN FUEL MILEAGE if I use E 85.!! WOW, that will save money!!!!!