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November 09, 2008
I paid $2.49/gal for gas this weekend...
Come January 20, I expect it will be back up to over $4 again, if Prez BarryO! has anything to say about it.
WASHINGTON – President-elect Obama's transition chief said Sunday the incoming administration is looking to reverse President Bush's executive orders on stem cell research, oil and gas drilling and other matters. [...]"I think across the board, on stem cell research, on a number of areas, you see the Bush administration even today moving aggressively to do things that I think are probably not in the interest of the country," Podesta said in a broadcast interview.
"There's a lot that the president can do using his executive authority without waiting for congressional action, and I think we'll see the president do that," Podesta said. [...]
Also, the federal Bureau of Land Management is opening about 360,000 acres of public land in Utah to oil and gas drilling, leading to protests from environmentalists.
"They want to have oil and gas drilling in some of the most sensitive, fragile lands in Utah," Podesta said. "I think that's a mistake."
Posted by Darleen at November 9, 2008 10:22 AM
Comments
We're under a $2 here. :-) Sorry couldn't resist!
Posted by: KevinQC at November 9, 2008 03:28 PM
Are you familiar with the concept of a global market? Do you think we should impose an export ban on petroleum extracted from the United States?
Posted by: Josh at November 9, 2008 08:09 PM
No, she's right. By the time President-Elect Obama takes office, he probably will have fixed George's recession and the world economy will be fixed. prices will therefore go up. Ironic that Darleen thinks gas prices dropped, because Georgie promised to ruin beach vistas, rather than a meltdown with the global economy. Listen to Rush much?
My guess is that Darleen can't spell "razor," let alone "Occam's"
Posted by: timb at November 10, 2008 07:35 AM
he probably will have fixed George's recession and the world economy will be fixed
That statement shows what a simpleton you are.
But I am sure you will worship Obama no matter what happens.
I think its funny how Obama has already screwed the “change” idea, he is appointing former Clinton appointees, why didn’t he just tell the American people he would do that to being with?
Obama likes them corrupt Fannie and Freddie democrats like Emanuel and now word is Gorelick for Attorney General.
“Change”.
LOL
Posted by: ML at November 10, 2008 08:17 AM
ML, please try to pay attention:
The average working family is $2,000 dollars poorer now than when George Bush took office. When Bill Clinton was president, the average wages and incomes went up $7,500 dollars. So I've got an economic plan that is similar to Bill Clinton's and Senator McCain's got an economic plan similar to George Bush's. Look and see what works and what doesn't.
You guys ran the economy and the country into the ground. Clintonistas are experienced at rescuing the country after GOP foolishness puts it in a hole.
Posted by: Josh at November 10, 2008 09:04 AM
Josh
You are right.
Republicans ran Fannie and Freddie and all those 19 defunct banks and GM, Ford and all the other corporations that are declaring bankruptcy.
Republicans dictated to each one of those companies just how to spend their money, the stockholders CEO and board members are just there as window dressing.
And I almost forget the Republicans also control the stock market and just for fun every once in a while they make it crash because they get tired of having all that money.
Democrat policies and Democrats had nothing to do with the housing meltdown and the snowball effect that had on other markets.
Obama will save us by stealing Americans 401k’s. Change!
Posted by: ML at November 10, 2008 10:31 AM
Hey, ML, don't you worry, Jesus will make it all better for you.
Meanwhile, Josh, I copied and pasted this Darleen's election night excursion on Protein Wisdom:
#Comment by Darleen on 11/4 @ 7:31 pm #DON’T BELIEVE THE EXIT POLLS
I just heard on the radio that in one PA precinct the exit poll is OFF by 11%….
Now, that's mountain time, so it's still an hour and a half until the official announcement, but there's our gal running and telling the faithful some internet rumor she read/heard. never mind, pre-election polling showed McCain down 8-11 in Pennsylvania! Watching her make a fool of herself there is almost as humorous as watching it here.
PS Oh, and ML, if Darleen's gonna be enough of a goon as parrot Rush and his ridiculous comments by blaming economic events on Obama, then I'm just gonna have to blame it on the half-wit who is the current President and his party of profiteers and deregulators, who made this collapse impossible
Posted by: timb at November 10, 2008 11:52 AM
Timb
I am not worried. And you are correct Jesus made it all better.
So you think Darleen is beneath you because she may listen to Rush and yet you play to that level, just because she does, OK, I did know it was preschool hour, sorry.
Posted by: ML at November 10, 2008 12:12 PM
ML, I'm still waiting to hear how we're going to make sure not a drop of good ol' American oil goes overseas.
Posted by: Josh at November 10, 2008 04:22 PM
Josh
You assume I care who refined oil products are sold to and you are wrong.
Posted by: ML at November 10, 2008 05:21 PM
ML, so you agree this is just another giveaway to the multinational oil companies and has nothing whatsoever to do with American oil independence?
Posted by: Leah at November 10, 2008 06:07 PM
Leah
I have no clue what you are talking about.
What giveaways to what multinational oil companies?
Posted by: ML at November 10, 2008 06:59 PM
ML,
Actually, I'm talking about crude. I'll try to spell it out for you.
The amount of oil available on the global market dwarfs the amount of oil that can be extracted in the US. Thus, the only way drilling in the US will significantly lower gasoline prices or reduce our dependence on foreign oil is if US oil is somehow prevented from being sold on the global market.
That's why the only problem that "drill baby drill" solves is the problem with ExxonMobil's bottom line.
Posted by: Josh at November 10, 2008 07:58 PM
Josh
I think it is more about not giving our money to countries like Saudi Arabia and others that use that money to fight against our own interests.
The less oil we purchase from the Middle East the better, keep that cash at home, its not about oil companies bottom lines.
Posted by: ML at November 10, 2008 08:11 PM
Josh
More drilling will really cost more money, we are not talking about pumping more oil out of existing wells but drilling new ones, which requires investment of capital, lots of capital, only in the long-run does that investment payoff and only if the market complies.
Posted by: ML at November 10, 2008 08:16 PM
Something else that would need to be proven instead of just making absurd accusations, the petroleum that is exported, what country receives it and does it return here as a refined product?
The other question, why would a company just give their product away?
Posted by: ML at November 10, 2008 09:27 PM
its not about oil companies bottom lines.
Correct, ML. In fact, it's not about oil. We can NEVER drill our way to energy independence or even to a temporary lowering of oil costs.If the oil companies get to drill on more public land, since the rest of the country is NOT Alaska, here's what they'll do - they'll sell their tiny little drop of oil in the vast global oil market, try to make some profit off it, and none of us will ever see a dime of relief from it.
Oil is not the way to energy independence for the US. Not with 25% of the world's energy needs and only 3% of the world's oil. It's the simplest kind of math.
Posted by: Leah at November 11, 2008 03:50 AM
ML, oil pumped in the United States will be such a small percentage of the world market that we'll still be paying Saudi Arabia and all those other unsavory regimes for their oil. That's the point. Drill baby drill won't do much of anything for anyone except for the oil companies who will have a new source of oil to sell to China.
Posted by: Josh at November 11, 2008 11:00 AM
Josh
Yeah that is a real money making venture:
Currently California imports heavy sour crude from Saudi Arabia and other places, local heavy sour crude only accounts for 37% of California refinery capacity.
So you want me to believe that if California pumps more heavy sour crude they will just sell it to China and not cut back on imports saving the colossal shipping costs.
California is closer to California then say Saudi Arabia is.
Posted by: ML at November 11, 2008 11:46 AM
Good point, ML. That must be why there aren't any Chinese imports in California. The distance and all.
California won't be pumping the oil. Chevron will. And they'll sell it to whoever will pay. China will pay just as much as anyone else will. This is called a global market. That's why people can say "Oil is at $60 a barrel" rather than "Oil is at $55 a barrel in China, $62 in California, and $80 in Leeds." It all goes on the same market. Since US oil will only be a tiny fraction of that total market, it will only lower gas prices a tiny fraction. I don't know how to explain it any clearer.
Posted by: Josh at November 11, 2008 08:50 PM
Josh
You just don’t get it.
Perhaps now you will explain to us how 9/11 was an inside job?
Posted by: ML at November 12, 2008 07:51 AM