Barack Obama: TheEnergy Snob: Why Does Obama Oppose Drilling?

Big oil can do it properly if they are pushed to do so.......

http://www.politicalforum.com/curre...rs-say-changing-rules-stymie-exploration.html

 

It's because Barack is an elitist globalist who stated clearly in his campaign that he wanted to increase the price of energy in America and that Americans cannot expect to keep their houses at a comfortable temperature and drive their SUVs.

Dumbass Americans voted for him. True story.

 

We have the highest exploration and lift costs in the world..

Face reality.. Cheap oil is history.

 

Hey, I'm just stating what the man said. Face reality, he's an elitist globalist.

 

He just has a grasp of reality..

If the ppb goes down, you kill the domestic oil business.

 

Ah that's the free market for you. Fraught with free speculation and manipulation. Isn't the whole point of a free market is maximize profits? When I studied economics, I don't recall any chapters on giving consumers price breaks because profits were too high.

 

Inflation Adjusted Gasoline Prices
Year Price
1958 $2.35
1968 $2.21
1978 $2.26
1988 $1.84
1998 $1.41
2008 $3.39
2011 $3.48

http://inflationdata.com/inflation/inflation_rate/gasoline_inflation.asp


In 1981 that $1.35 would be the equivalent of $3.37 in inflation adjusted terms for January 2012 dollars.

Compare that to the price increase from 1998 where the average price was $1.02 and by July 2008 it had increased to $4.02 and you have a 294% increase in 10 years even greater than the 1981 spike.

Amazingly the average inflation adjusted gasoline prices for the following peak years were; 1918 was $3.75, 1938 was $3.22, 2008 was $3.39, and the average for all of 2011 was $3.48. All very close when adjusted for inflation.

Interestingly, the average price of a gallon of gas from 1918 to the present is $2.49 in January 2012 inflation adjusted dollars. So it is safe to say that anytime during that period that the price of gas was above $2.49 in inflation adjusted terms it was expensive and whenever it was below that price it was cheap. So obviously when it reached $4.00 a gallon in July 2008 it was expensive. And with the average for 2011 at $3.51 we are once again expensive.

If we look at the average annual Inflation adjusted gasoline prices for each of the following years (1958, 1968, 1978, 1988, 1998, and 2008 )we see several of the "8" years below the average.


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Great question, Boomer.

Barack Obama has told us on several occasions in his own words why the price of electricity and the cost of gasoline is rising.

Obama: My Plan Makes Electricity Rates [and Gasoline Prices] Skyrocket
^

[ame="http://www.youtube.com/watch?v=HlTxGHn4sH4"]Obama: My Plan Makes Electricity Rates Skyrocket - YouTube[/ame]

 

because it's part of his plan.To tick of Oil companies
and placate the Environmentalist.Obama wants higher gas
prices in order to make the claim that we have to get off
fossil fuels and go Green.Obama is on board with Green
job Theft.Who benefitted from Solyandra.Not anyone in the
public.Those who ran off with the initial investment as payback
for supporting Obama and the Democrat party.Solyandra was
never intended to benefit the public.It was a way of money laundering.
Like the Stimulus.
Or like the way Obama took over a car company GM amd robbed
the GMAC bondholders blind and purposedly transferred GM
dealerships to Democrat registered folk.If you were a republican and had
a successfull GM dealership for the past 3 decades Obama took it away from
you and transferred to a Democrat registered dealer.
Obama unfairly and Illegally picked winners & losers.

 

That's why US oil production is expanding daily.. and there are over 400 new drilling projects.

Or is this more of your expertise like babies not flying or having passports?

 

Yea Margot, maybe you didn't hear what the Sec. of Energy said this past week?

 

I know that the US has the highest lift costs in the world and if the PPB goes down, the domestic oil business will collapse.

 

More supply (exports), less US Demand, but HIGHER GLOBAL demand.

*Face palm*

 

LULZ. What exactly is one of those? And how come, the Bush family, with all their ties to the global oil business seem not to be one also?

 

You are indeed correct, NetworkCitizen.

He and Michelle both consider themselves as "entitled" to all the amenities the taxpayers owe them!

 

Fabricated LIES care of a Fabricated Presidency.
Obama even set up a website { gee how many does he have NOW }
to dispel any controvesry over Oil.
That website claims a reduction in Oil imports of 1.1 million barells
per day.That's a result of a Recession and high gas prices at the
pump and far less demand.Not Obama policy.

There is an Increase of 700,ooo barrell/day under Obama.But it's
NOT on Federal land but Private Land.
There is under Obama a severe limiting of offshore areas where oil
can be produced.We notice under Obama a cancelling and withdrawing
of Oil leases.A Moratorium in the BP Oil Spill areas.
Under Obama they are leasing much less land.

Here's the real giveaway.Obama is taking Credit for oil production
on Private and state lands yet,acting indifferent for taking the heat
on Decreased production on Federal Land.
As usual this Fabricated President wants his cake and eat it to.

Obama's Biggest claim of :

The U.S. has become a net energy Exporter

Cannot even be Fact Checked.There's no standarized,credible way of
verying that.Which is why his Website uses it.

Again more Sneaky claims by a Sneaky President.

 

Everyone is buying or leasing rigs.. and there was a shortage.. and everyone is drilling everywhere.. That's why domestic production is increasing.

The oil business is about ROI.. and as long as the ppb remains high, there will be development of domestic oil.

You don't seem to understand the basics.

 

you are indeed correct, Foolardi.

These statements bear repeating.

"Here's the real giveaway. Obama is taking [undeserved] credit
for oil production on private and state lands, yet acting indifferent for taking the heat
on decreased production on Federal land.

As usual this Fabricated President wants his cake and eat it to."

 

Maybe the question should be why does Obama oppose almost everything?

 

20 million acres of Federal waters have been opened up to drilling.

 

Obama didn't kill it. He postponed a decision because the Republican governor in Kansas and farmers and ranchers out there demanded that the route be changed.

Now the are looking at other routes.

 

Yeah...but is there oil there? I've got plenty of acres here in Virginia but there is no oil there.

 

Maybe the question should be why do conservative have such false views of facts?

 

Facts are like coins. They have 2 sides (in Obamas case multiple sides) and usually if you look to the right, you will see the "right side".

 

Funny! And all this time I thought he was just an "INTELLECTUAL" snob! I guess you took a seed planted by Santorum and you are trying to grow a weed, right?