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Obama and new oil - 5/14/2011 2:49:55 PM   
OrionTheWolf


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Status: offline 		http://www.nwcn.com/news/With-gas-costs-high-Obama-to-speed-oil-production-121836474.html

" WASHINGTON, D.C. - Amid growing public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska's coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. But the moves won't calm spiraling prices at the pump any time soon. "

Good idea now? If so, why wasn't it a good idea a few years back? If not, why is it being proposed?

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RE: Obama and new oil - 5/14/2011 3:00:09 PM   
rulemylife


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quote:

ORIGINAL: OrionTheWolf

Good idea now? If so, why wasn't it a good idea a few years back?



Gee, I don't know.

You think it might have had something to do with all those pelicans coated in oil?

(in reply to OrionTheWolf)
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RE: Obama and new oil - 5/14/2011 3:13:30 PM   
willbeurdaddy


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quote:

ORIGINAL: OrionTheWolf

If not, why is it being proposed?


Theres an election in 2012 and $100 oil, $4.00 gas and continued double digit inflation in food prices dont make a great record to campaign on.

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RE: Obama and new oil - 5/14/2011 3:27:26 PM   
OrionTheWolf


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Status: offline 		RML, I agree that there is a big concern about the environment, especially with the most recent spill.

Will, it does look very campaign motivated, but doesn't this alienate some voters too? It is not going to do anything to gas prices right now, so I am not sure how it will effect sentiments right now.

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RE: Obama and new oil - 5/14/2011 3:35:49 PM   
willbeurdaddy


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quote:

ORIGINAL: OrionTheWolf

RML, I agree that there is a big concern about the environment, especially with the most recent spill.

Will, it does look very campaign motivated, but doesn't this alienate some voters too? It is not going to do anything to gas prices right now, so I am not sure how it will effect sentiments right now.


Actually it will have some positive impact on oil and gas prices very quickly...as soon as there is evidence that whatever is ultimately passed is real. More refining capacity would have even more rapid impact, but moving toward the center environmentally is critical to his reelection chances. If and when he gets past that he can turn back to bringing about the economic disaster his real policies will engender.

< Message edited by willbeurdaddy -- 5/14/2011 3:37:08 PM >

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RE: Obama and new oil - 5/14/2011 5:36:07 PM   
Sanity


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Its nice that hes finally learned to listen to me...


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RE: Obama and new oil - 5/14/2011 5:55:44 PM   
Real0ne


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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: OrionTheWolf

If not, why is it being proposed?


Theres an election in 2012 and $100 oil, $4.00 gas and continued double digit inflation in food prices dont make a great record to campaign on.


CHANGE!  lol





< Message edited by Real0ne -- 5/14/2011 5:56:10 PM >

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RE: Obama and new oil - 5/14/2011 7:22:32 PM   
subrob1967


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Status: offline 		Obama has always talked a good game, I'll believe it when I see it.

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RE: Obama and new oil - 5/15/2011 7:37:21 AM   
domiguy


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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: OrionTheWolf

If not, why is it being proposed?


Theres an election in 2012 and $100 oil, $4.00 gas and continued double digit inflation in food prices dont make a great record to campaign on.


No, but a stock market on a tremendous rise, slowing unemployment, killing a wanted terrorist and not having any serious Republican competition means that he doesn't have to do anything in an attempt to appease voters.

He's a lock.


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RE: Obama and new oil - 5/15/2011 8:43:20 AM   
Sanity


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Obama is smooth like a sea of knives.... he is no lock

First he pissed off everyone who likes affordable food, energy and transportation by choking off our oil fields

Now he is pissing off the radical environmentalists by claiming he is opening a few fields up

And no the economy isnt all that ducky. Relative inflation is high, the housing market is continuing its collapse, unemployment is high and stagnant...

The stock market is neither here nor there, it could take a shit tomorrow and many think that it will

Its nice that we got Osama and all though Obamas big achievement in that is that he didnt fuck it up

And again, if theye showing any consistency at all, he only managed to piss off the 'hug a terrorist' crowd by utterly ignoring the diplomacy route, not knocking or getting a warrant. No trial, etc


quote:

ORIGINAL: domiguy

No, but a stock market on a tremendous rise, slowing unemployment, killing a wanted terrorist and not having any serious Republican competition means that he doesn't have to do anything in an attempt to appease voters.

He's a lock.



< Message edited by Sanity -- 5/15/2011 9:38:25 AM >

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RE: Obama and new oil - 5/15/2011 9:16:38 AM   
flcouple2009


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Status: offline 		We know he has you pissed off   

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RE: Obama and new oil - 5/15/2011 9:19:47 AM   
Lucylastic


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quote:

ORIGINAL: flcouple2009

We know he has you pissed off   

I thank god every day for that:)


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RE: Obama and new oil - 5/15/2011 9:28:36 AM   
pyroaquatic


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From: Pyroaquatica
Status: offline 		Pure Conjecture at this point Sanity.

Stock market crashes can happen during any term under anyone's watch.

Hey, I know...

Let us blame the New Conductor for the previous Conductor's train wreck. I mean, it couldn't be the Dispatchers fault, or the person who lays down the track in the first place.

Or even the passengers, baggage handlers, repairmen.... just the Conductor.


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RE: Obama and new oil - 5/15/2011 9:30:37 AM   
TheHeretic


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From: California, USA
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quote:

ORIGINAL: domiguy

He's a lock.




Tough to beat, but no, not a lock. It's going to be a very ugly race.

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RE: Obama and new oil - 5/15/2011 9:32:11 AM   
RacerJim


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Joined: 1/1/2004
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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: OrionTheWolf

If not, why is it being proposed?


Theres an election in 2012 and $100 oil, $4.00 gas and continued double digit inflation in food prices dont make a great record to campaign on.

Exactly. Obama has been anti-big oil from day one of his political career. Only one reason for him to flip-flop on that now...upcoming election.

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RE: Obama and new oil - 5/15/2011 9:36:00 AM   
RacerJim


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Joined: 1/1/2004
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quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: OrionTheWolf

RML, I agree that there is a big concern about the environment, especially with the most recent spill.

Will, it does look very campaign motivated, but doesn't this alienate some voters too? It is not going to do anything to gas prices right now, so I am not sure how it will effect sentiments right now.


Actually it will have some positive impact on oil and gas prices very quickly...as soon as there is evidence that whatever is ultimately passed is real. More refining capacity would have even more rapid impact, but moving toward the center environmentally is critical to his reelection chances. If and when he gets past that he can turn back to bringing about the economic disaster his real policies will engender.

The reason it will have some positive impact on gas prices very quickly is rooted in futures trading.

(in reply to willbeurdaddy)
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RE: Obama and new oil - 5/15/2011 9:39:27 AM   
RacerJim


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quote:

ORIGINAL: subrob1967

Obama has always talked a good game, I'll believe it when I see it.

Exactly. Obama knows full well that very little, if any, new drilling is going to occur before the 2012 election and if he wins he'll likely simply revoke the new drilling licenses.

(in reply to subrob1967)
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RE: Obama and new oil - 5/15/2011 9:40:29 AM   
RacerJim


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Joined: 1/1/2004
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quote:

ORIGINAL: domiguy


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: OrionTheWolf

If not, why is it being proposed?


Theres an election in 2012 and $100 oil, $4.00 gas and continued double digit inflation in food prices dont make a great record to campaign on.


No, but a stock market on a tremendous rise, slowing unemployment, killing a wanted terrorist and not having any serious Republican competition means that he doesn't have to do anything in an attempt to appease voters.

He's a lock.


The only thing he's a lock for is a private cell in GitMo.

(in reply to domiguy)
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RE: Obama and new oil - 5/15/2011 9:40:58 AM   
Lucylastic


Posts: 40310
Status: offline 		IM gonna email him that brilliant idea
that will piss of a few more here, thanks for the thought
not that he isnt "smart enough" to figure it out


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RE: Obama and new oil - 5/15/2011 9:42:10 AM   
RacerJim


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quote:

ORIGINAL: flcouple2009

We know he has you pissed off   

We know you can't handle the truth.

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