Republican Party, Teabag Party and the Libertarian Party absolutely SUCK!

[Bo D]

Question ... what was America's top export in 2011?

Me?
Henry?

[Henry Hawk]

Okay, I read your piece...that is one side of the story.  Here is the other side of the story.  There IS are reason WHY republicans believe there IS a fix to our being oil dependent...and the cost of gas.
http://news.investors.com/article/604303/201203141303/oil-abundant-in-the-united-states.htm


When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices, then-Sen. Barack Obama dismissed the idea of expanded oil production as a way to relieve the pain at the pump.

"Even if you opened up every square inch of our land and our coasts to drilling," he said. "America still has only 3% of the world's oil reserves." Which meant, he said, that the U.S. couldn't affect global oil prices.

It's the same rhetoric President Obama is using now, as gas prices hit $4 again, except now he puts the figure at 2%.

"With only 2% of the world's oil reserves, we can't just drill our way to lower gas prices," he said. "Not when we consume 20% of the world's oil."

The claim makes it appear as though the U.S. is an oil-barren nation, perpetually dependent on foreign oil and high prices unless we can cut our own use and develop alternative energy sources like algae.

U.S. Awash In Oil
But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country's oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world's proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves "are a small subset of recoverable resources," because they only count oil that companies are currently drilling for in existing fields.

When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:

At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government's Bureau of Ocean Energy Management.

About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.

Up to 2 billion barrels of oil in shale deposits in Alaska's North Slope, says the U.S. Geological Survey.

Up to 12 billion barrels in ANWR, according to the USGS.

As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.

Then, there's the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale — a type of oil released from sedimentary rock after it's heated.

A separate Rand Corp. study found that about 800 billion barrels of oil shale in Wyoming and neighboring states is "technically recoverable," which means it could be extracted using existing technology. That's more than triple the known reserves in Saudi Arabia.

All told, the U.S. has access to 400 billion barrels of crude that could be recovered using existing drilling technologies, according to a 2006 Energy Department report.

When you include oil shale, the U.S. has 1.4 trillion barrels of technically recoverable oil, according to the Institute for Energy Research, enough to meet all U.S. oil needs for about the next 200 years, without any imports.

And even this number could be low, since such estimates tend to go up over time.

Back in 1995, for example, the USGS figured there were 151 million barrels of oil in North Dakota's Bakken formation. In 2008, it upped that estimate to 3 billion barrels to 4.3 billion barrels — a 25-fold increase. Now, some oil analysts say there could be as much as 20 billion barrels there.

And USGS in 2002 quadrupled its oil estimate in Alaska's National Petroleum Reserve.

To be sure, energy companies couldn't profitably recover all this oil — even at today's prices — and what they could wouldn't make it to market for years. But from the industry's perspective, the real problem with domestic oil is that the government has roped off most of these supplies.

The Alaska National Interest Lands Conservation Act of 1980, for example, put a huge swatch of land off-limits to drilling. And in 1982, Congress blocked access to most of the oil in the Outer Continental Shelf. Much of the oil on federal lands is also off-limits.

Obama and others say the industry's claim about lack of access isn't true, since they aren't even using many of the offshore leases they already have. The industry counters that this is misleading, since a company needs the lease before it can determine if any oil exists there — a potentially time-consuming process.

In any case, any attempt to get at these vast new oil supplies is sure to face fierce opposition from environmental groups worried about oil production's direct impact on the environment, as well as global warming worries.

But given today's prices, most of the public is willing to expand drilling offshore, in ANWR, and in shale oil reserves, according to the latest IBD/TIPP poll.

"This is not a geological problem — it's a political problem," said Dan Kish, senior vice president for policy at the Institute for Energy Research. "We've embargoed our own supplies."

[Exterminator]

Again, if simply producing more oil was the answer, gas prices would be lower now.  Why is that so difficult for you to grasp?

[The Troll]

Here is some reading for you guys too.

http://naturalresources.house.gov/Issues/Issue/?IssueID=15410

  Sure is Republican slanted, looking to the author was I can see why.  Nice try    

[The Troll]

Okay, I read your piece...that is one side of the story.  Here is the other side of the story.  There IS are reason WHY republicans believe there IS a fix to our being oil dependent...and the cost of gas.
http://news.investors.com/article/604303/201203141303/oil-abundant-in-the-united-states.htm


When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices, then-Sen. Barack Obama dismissed the idea of expanded oil production as a way to relieve the pain at the pump.

"Even if you opened up every square inch of our land and our coasts to drilling," he said. "America still has only 3% of the world's oil reserves." Which meant, he said, that the U.S. couldn't affect global oil prices.

It's the same rhetoric President Obama is using now, as gas prices hit $4 again, except now he puts the figure at 2%.

"With only 2% of the world's oil reserves, we can't just drill our way to lower gas prices," he said. "Not when we consume 20% of the world's oil."

The claim makes it appear as though the U.S. is an oil-barren nation, perpetually dependent on foreign oil and high prices unless we can cut our own use and develop alternative energy sources like algae.

U.S. Awash In Oil
But the figure Obama uses — proved oil reserves — vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country's oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world's proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves "are a small subset of recoverable resources," because they only count oil that companies are currently drilling for in existing fields.

When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:

At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government's Bureau of Ocean Energy Management.

About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.

Up to 2 billion barrels of oil in shale deposits in Alaska's North Slope, says the U.S. Geological Survey.

Up to 12 billion barrels in ANWR, according to the USGS.

As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.

Then, there's the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale — a type of oil released from sedimentary rock after it's heated.

A separate Rand Corp. study found that about 800 billion barrels of oil shale in Wyoming and neighboring states is "technically recoverable," which means it could be extracted using existing technology. That's more than triple the known reserves in Saudi Arabia.

All told, the U.S. has access to 400 billion barrels of crude that could be recovered using existing drilling technologies, according to a 2006 Energy Department report.

When you include oil shale, the U.S. has 1.4 trillion barrels of technically recoverable oil, according to the Institute for Energy Research, enough to meet all U.S. oil needs for about the next 200 years, without any imports.

And even this number could be low, since such estimates tend to go up over time.

Back in 1995, for example, the USGS figured there were 151 million barrels of oil in North Dakota's Bakken formation. In 2008, it upped that estimate to 3 billion barrels to 4.3 billion barrels — a 25-fold increase. Now, some oil analysts say there could be as much as 20 billion barrels there.

And USGS in 2002 quadrupled its oil estimate in Alaska's National Petroleum Reserve.

To be sure, energy companies couldn't profitably recover all this oil — even at today's prices — and what they could wouldn't make it to market for years. But from the industry's perspective, the real problem with domestic oil is that the government has roped off most of these supplies.

The Alaska National Interest Lands Conservation Act of 1980, for example, put a huge swatch of land off-limits to drilling. And in 1982, Congress blocked access to most of the oil in the Outer Continental Shelf. Much of the oil on federal lands is also off-limits.

Obama and others say the industry's claim about lack of access isn't true, since they aren't even using many of the offshore leases they already have. The industry counters that this is misleading, since a company needs the lease before it can determine if any oil exists there — a potentially time-consuming process.

In any case, any attempt to get at these vast new oil supplies is sure to face fierce opposition from environmental groups worried about oil production's direct impact on the environment, as well as global warming worries.

But given today's prices, most of the public is willing to expand drilling offshore, in ANWR, and in shale oil reserves, according to the latest IBD/TIPP poll.

"This is not a geological problem — it's a political problem," said Dan Kish, senior vice president for policy at the Institute for Energy Research. "We've embargoed our own supplies."

  Nice try again.  Tell me Hawk why did the oil companies close two refineries down just before the summer driving season.  It wouldn't be to get up the price of oil is.

  You damn well know the big oil companies want Obama to be a one term president.     Just like a drowning man, clutching for straws.   

[Bo D]

Question ... what was America's top export in 2011?

The answer will really surprise you .... but you won't like it.

Henry?
Me?

[Henry Hawk]

The answer will really surprise you .... but you won't like it.

Henry?
Me?

It is fuel.

[Bo D]

It is fuel.

Petroleum products. Why is it that we are exporting our refined oil? You guys seem to think that if we produce more oil it will lower prices here. Looks like the export numbers make that assumption a little silly. We produced more oil and all we did was export it. Did that drive our prices down?

[Henry Hawk]

Petroleum products. Why is it that we are exporting our refined oil? You guys seem to think that if we produce more oil it will lower prices here. Looks like the export numbers make that assumption a little silly. We produced more oil and all we did was export it. Did that drive our prices down?

Fuel not petroleum......was the top export in 2011.

The reason is common sense.  We are NOT using as much fuel as we were.  Why?  Because our economy sucks!  We are NOT driving as much as we have been in previous years.  It is all driven by demand.  It is a world market, and other countries are demanding more and willing to pay a higher price.  It is also a result of more efficient cars.  We are using less fuel, that is the only logical reason.

What we need is to let OPEC and Saudia Arabia realize that WE are going to get our OWN oil IF they will not bring down the price.  It is a fact, not an opinion, that gas prices went down when Bush lifted an executive order banning offshore oil drilling....gas was $4.11 a gallon.  It went down to $1.87 by november of that year.
Because OPEC then realized that they better increase production and stiffle US production. THAT is what happened.



( http://articles.cnn.com/2008-07-14/politics/bush.offshore_1_offshore-oil-drilling-fadel-gheit-exploration?_s=PM:POLITICS )

http://news.consumerreports.org/cars/2008/07/gas-prices-1.html   Gas in july 08

http://money.cnn.com/2008/11/26/news/economy/gas_prices_sink/index.htm    Gas in nov. 08

I am learning something on here.........common sense is not rampart...because most of the problems we face today can be fixed with some common sense...we lack that in Washington.

[The Troll]

    We could nip OPEC in the bud.  We declare war on Saudi Arabis, kill all of the royal family, we cut OPEC off at the head.  They run the show and control the show and price.  Once this is done we could bring back George W. and Dick Cheney to run that country and off we go with $2 gasoline.   

[Palehorse]

. . .It is a fact, not an opinion, that gas prices went down when Bush lifted an executive order banning offshore oil drilling....gas was $4.11 a gallon.  It went down to $1.87 by november of that year.
Because OPEC then realized that they better increase production and stiffle US production. THAT is what happened.



. . .

And from your article we read this:

. . .When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices,. . .

Huh. . . looks like IF it did have any impact what-so-ever, and I am not saying it did in any way shape or from, it was a very short lived one. . .

In either case you are contradicting yourself.

And again I will remind everyone that that ill-advised lifting of the off-shore drilling moratorium resulted in the worst oil spill in US history; and this despite an almost identical "accident" having taken place about 20 years earlier and remediation methods and containment efforts were no better than they were in the first incident!

[Palehorse]

Fuel not petroleum......was the top export in 2011.

. . .

. . . In 2011, U.S. refiners exported 117 million gallons per day of gasoline, diesel, jet fuel and other petroleum products, up from 40 million gallons per day a decade earlier.. . .

http://www.usatoday.com/money/industries/energy/story/2011-12-31/united-states-export/52298812/1

"Fuel" is a petroleum product and includes gasoline, diesel, jet fuel, etc., etc., etc., . . .

[The Troll]

Fuel not petroleum......was the top export in 2011.

The reason is common sense.  We are NOT using as much fuel as we were.  Why?  Because our economy sucks!  We are NOT driving as much as we have been in previous years.  It is all driven by demand.  It is a world market, and other countries are demanding more and willing to pay a higher price.  It is also a result of more efficient cars.  We are using less fuel, that is the only logical reason.

What we need is to let OPEC and Saudia Arabia realize that WE are going to get our OWN oil IF they will not bring down the price.  It is a fact, not an opinion, that gas prices went down when Bush lifted an executive order banning offshore oil drilling....gas was $4.11 a gallon.  It went down to $1.87 by november of that year.
Because OPEC then realized that they better increase production and stiffle US production. THAT is what happened.



( http://articles.cnn.com/2008-07-14/politics/bush.offshore_1_offshore-oil-drilling-fadel-gheit-exploration?_s=PM:POLITICS )

http://news.consumerreports.org/cars/2008/07/gas-prices-1.html   Gas in july 08

http://money.cnn.com/2008/11/26/news/economy/gas_prices_sink/index.htm    Gas in nov. 08

I am learning something on here.........common sense is not rampart...because most of the problems we face today can be fixed with some common sense...we lack that in Washington.

  What a dummy.  Henry fuel is made from petroleum (crude oil, out of a oil well.) 

[me]

Have ya'll even stopped to think about what all else is made from petroleum products?  Do you realize how many other things are either going to get more expensive to make or maybe stop being made.  How many things in your house are made of plastic?  You keep discussing fuel what about your coveted cell phone, your computer casing, your TV cabinet, your lawn furniture.  Stop our dependence on oil?????  You really think so?

[The Troll]

Have ya'll even stopped to think about what all else is made from petroleum products?  Do you realize how many other things are either going to get more expensive to make or maybe stop being made.  How many things in your house are made of plastic?  You keep discussing fuel what about your coveted cell phone, your computer casing, your TV cabinet, your lawn furniture.  Stop our dependence on oil?????  You really think so?

  Being a Pipefitter who has worked with gasoline, diesel, propane, natural gas, naphtha, cutting oil, transmission oil, water soluble oil, lubricating oil, grease,  no I don't have the slightest idea of how many thing made of petroleum.

  A lot of the things you mention can be made from something else.  But you can't burn plastic, lawn furniture, computer casings in your car or truck or heat your house.        What a BUFFONE.