http://mobile.bloomberg.com/news/201...coon-says.html
Why do we act as their mercenaries to protect their interests in the Middle East?
BTW, can someone in the oil industry explain the significance of gas gun fracking?
http://mobile.bloomberg.com/news/201...coon-says.html
Why do we act as their mercenaries to protect their interests in the Middle East?
BTW, can someone in the oil industry explain the significance of gas gun fracking?
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
This is nothing new. The US and Canada oil industry has always been at the mercy of OPEC because our oil cost so much more to extract. They can increase the supply so that it isn't economically viable.
I've suspected that they do this periodically to slow down the development of new production capacity. Unfortunately production can't come back online overnight so they can drive down prices and then lower,production for a few years before having to repeat.
I don't think tariffs are a good idea. That would put American companies (other than energy sector) at a disadvantage. Maybe more subsidies when prices are low would work. I think that would be a strategic move to keep production capacity online but I'm not a conservative who opposes all government intervention...
The good news is that our production capability does out a lid on how high OPEC could drive up prices. For national security reasons we need to make sure we keep much of our production on-line.
Gas gun fracking will only crack the rock right near the wellbore. Fracking involves pumping thousands of barrels of water carrying sand out into the formation. Fracking insures much higher production rates and longer term rates than any gas gun frack would do.
Metaphors be with you!
i thought drilling would solve all of our problems?
We have to get rid of all the messicans first.Originally Posted by yermom
OleVet Posse Instigator
So you're saying you like the US being dependent on oil from the Middle East which means we stay involved with the political and economic turmoil that follows?
And don't assert green energy can make us independent of Middle East oil. Alternative energy is decades away from being a cost effective substitute.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
no, you're right. It would be better for the USA if our oil and gas industry went south, and the cost of gas went up...WTF?!?!?!?
Put a lid on it! Kiss it goodbye. We gave it away, and apparently thought it made sense to do so.
so the government should bail out the private oil industry?
i thought capitalism and the free market would correct something like this
Seems like you just came out against Drill Baby Drill! WTF?!?!?!?
Put a lid on it! Kiss it goodbye. We gave it away, and apparently thought it made sense to do so.
There's a difference between bailouts and tariffs. I oppose free-trade, and I'm perfectly in favor of tariffs when needed and appropriate.
---It did---Why do you think prices are down?
Wait a minute - in previous threads it was because the economy was slowing down or Saudi Arabia was lowering prices to get market share. Which is it?
---Both and over supply----again you should take an economics course
That dumb bastard can't spell economics, much less pass the course.
OleVet Posse Instigator
You really have no integrity. You have never once said it was all three, you have only mentioned them on at at time. This is the third story you have posted about why oil prices are down. When I posted gas prices dropped under obama it was because SA was upping production to gain market share. Then when I posted how good the economy was doing it was - the economy is going to slow down, oil prices are dropping because of that expectation. Now it's because of drilling here in America. Which one is it? If it is all three then say so, but stop give all the credit to one cause. You say one then the other depending on what argument you want to make, but never all three.
I have, enough to understand it is usually more than one factor that drives prices on any economy.
You are really one dumbass inbred *******. This post shows you know nothing about me, I have taken enough get a minor in economics. What do you have? Bitch
---- Its all three TECH boy---don't get in discussion you don't understand
Then don't try to pretend it's not.
Tell me - when oil prices were up over the last few years, was it because the economy was growing?
You have no idea what you're talking about in this thread. You should start posting in the Test Area forum. You could win the innerwebs over there.
OleVet Posse Instigator
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