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Post by AztecBill on Apr 26, 2011 8:50:44 GMT -8
Obama would have you believe oil prices are the fault of evil speculators. But another example of the out of control government cutting domestic oil production happened today. EPA Rules Force Shell to Abandon Oil Drilling PlansShell Oil invested $4 billion in an attempt to get drilling started. Shell Oil followed all the rules and met every goal, yet the EPA just shut them down for getting too close to the goal. Not failing to meet the goal but meeting the goal but being too close. That is what you get when you select an attorney for the Environmental Defense Fund to head the EPA. |
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Post by aztec70 on Apr 26, 2011 9:01:41 GMT -8
Maybe, just maybe, the government is trying to take a long term view here. Shell, on the other hand is after the quick buck. Keep that oil in the ground. When it gets to $500.00 a barrel we will be glad to have it. Just saying.
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Post by The Great Aztec Joe on Apr 26, 2011 9:05:51 GMT -8
Maybe, just maybe, the government is trying to take a long term view here. Shell, on the other hand is after the quick buck. Keep that oil in the ground. When it gets to $500.00 a barrel we will be glad to have it. Just saying. That is what I have been saying for a long time. God bless the environmentalists. They have kept most of our oil underground in Alaska. We will have plenty of oil when the rest of the world is lacking. I wonder what the American Dollar will be worth then? |
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Post by AztecBill on Apr 26, 2011 9:15:55 GMT -8
Maybe, just maybe, the government is trying to take a long term view here. Shell, on the other hand is after the quick buck. Keep that oil in the ground. When it gets to $500.00 a barrel we will be glad to have it. Just saying. That is ridiculous. There is plenty of oil. By the time you are ready to finally tap the oil, we will have moved on to a better alternative and we will have suffered with higher prices and a much higher national debt during the interim. |
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Post by AztecBill on Apr 26, 2011 9:27:06 GMT -8
As a reminder it is not about the environment:
Patrick Moore, one of the founding members of Greenpeace, writing in the Vancouver Sun, Jan. 7:
"The collapse of world communism and the fall of the Berlin Wall ... added to the trend toward extremism. The Cold War was over and the peace movement was largely disbanded. The peace movement had been mainly Western-based and anti-American in its leanings. Many of its members moved into the environmental movement, bringing with them their neo-Marxist, far-left agendas. To a considerable extent the environmental movement was hijacked by political and social activists who learned to use green language to cloak agendas that had more to do with anti-capitalism and anti-globalization than with science or ecology. I remember visiting our Toronto office in 1985 and being surprised at how many of the new recruits were sporting army fatigues and red berets in support of the Sandinistas."[/i]
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Post by aztec70 on Apr 26, 2011 9:53:30 GMT -8
Maybe, just maybe, the government is trying to take a long term view here. Shell, on the other hand is after the quick buck. Keep that oil in the ground. When it gets to $500.00 a barrel we will be glad to have it. Just saying. That is ridiculous. There is plenty of oil. By the time you are ready to finally tap the oil, we will have moved on to a better alternative and we will have suffered with higher prices and a much higher national debt during the interim. If there is plenty of oil why has the price gone up so much? |
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Post by aztecwin on Apr 26, 2011 11:46:24 GMT -8
That is ridiculous. There is plenty of oil. By the time you are ready to finally tap the oil, we will have moved on to a better alternative and we will have suffered with higher prices and a much higher national debt during the interim. If there is plenty of oil why has the price gone up so much? No one is developing it. Develop capacity and the Middle East will drop the price. |
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Post by AztecBill on Apr 26, 2011 14:01:30 GMT -8
That is ridiculous. There is plenty of oil. By the time you are ready to finally tap the oil, we will have moved on to a better alternative and we will have suffered with higher prices and a much higher national debt during the interim. If there is plenty of oil why has the price gone up so much? The price has gone up because the future state of available oil at the previous price would be insufficient. This brings to mind the misconception about the role of speculators. One of the reasons we had those major gas shortages is lack of a full market for oil in the 1970s. Speculators do a wonderful job keeping the price of oil in the right zone to insure no future gluts and no future shortages. When they speculate that the future oil prices will be high they allow producers to gear up and cause consumers to reduce current usage to smooth out the future supply/demand curve. Without them we would go from shortages to gluts in a roller coaster fashion. Government, producers, nor consumers could ever control future supply and demand like speculators do. That is part of the beauty of the free market. |
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