You don't have to do anything. But you responded to my post listing statements and facts from the EIA as "wrong". I've asked you to identify which statement you claimed was wrong, and how your blatantly biased Republican article proves the statement is wrong. The fact you apparently cannot do so shows it is your post was "wrong".
Oil hedge funds control trillions of dollars and buy/sell the SAME oil many times over BEFORE you have access to it at the pump. The reason they can do this is because of the Cartel that sets prices in concert with big-money movers and world governments and has almost 100% control over oil supplies. The Cartel would lose power if we started drilling and constructing refineries here in the U.S. Lifting the moratorium on drilling would have an immediate affect on the market by perceived increase in a supply that the Cartel does not have control over.
Just like it was a waste of time all throughout Obama's Presidential Campaign to bring up character. Usually THE Most important thing that a President possesses. That being character { those combination of qualities or features that distinguish one person from another.A description of that person's attributes,traits,moral or ethical strength. No wonder. No actually we know why.The wonder has been dispensed with. No,it's just merely as to why. Why a guy with NO character was Elected President.
Did you have anything to relevant to the discussion you wanted to add, or just rant? If you just want to rant there is no need to cite my post to do it.
Are you claiming that a cartel controls the price of refined fuel? Also, have you noticed that the recent increase in the price of fuel is not paralleled by the price of crude? Considering the current price of fuel, the price of crude should be much higher based on historic data.
I don't think even OPEC actually controls much in the pricing of gas. Because they have capacities based on whether they feel like the price is to their liking.If the Price of Oil is too low then the Saudi's for example decide to cut back slightly on production. The world is AWASH in Oil. That was one of the first things many got hoodwinked into believing. That Gas prices are based entirely on the Supply.If the Supply is too low then of course the price skyrockets.It's DEMAND that actually decideds the pricing of oil.
While I think Obama should be replaced ASAP, I agree with the DIRECTION he's going (in a way). I just think he's dishonest about it, so I don't want to go with him. But if an honest man wants to pass a law to tell me what car to drive, I'm okay with that. And tell me where to set temperature. For you see, we won't have to drive that car forever, or set our temps there forever. As soon as we develop a MUCH better energy source(we should keep drilling though.), we'll be free and can go back to choosing our own car and temperature. But RIGHT NOW, I think the govt. SHOULD tell us what car to drive. They should also tell the oil companies they have to pay a huge tax if they keep sending so much oil out of America, and over to China. The liberals don't have all bad ideas, but the way they try to execute them is both dishonest and manipulative and that is worse than anything. We need ALL new politicians though. And term limits and equal campaign financing for all candidates.
Wait You are deflecting again. The OP asserts that he has reversed himself. And he has. He blamed bush for high energy prices throughout his campaign and after being elected stated several times that under his administration energy prices would "skyrocket" So, deal with that. The man you liberals insist is perfect. has never made a mistake on anything, is at fault at nothing has reversed himself and now blames high energy prices on "global" forces. We will simply forget the fact that the US Gas prices have been a fraction of the rest of the industrialized world until he came to power. Oh, wait. Now I get it. It's the same argument he made about massive, historic unemployment levels: ATM's were at fault. Must feel good to be faultless in all things
Well I guess I could say I've proved it near impossible for a person like yerself who loves to site numbers on research, yet find a quote or statement by Obama w/o some degree of Lying is near impossible.I think it actually says it all. Meaning forget all yer numbers.Numbers sited by someone who can't tell the truth like Obama is actually what Orwell considered > Doublespeak or use of a statement that is not literally false but that avoids any unpleasant truth.
He is certainly a hypocrite, but what does "progressive socialism" have to do with anything(by the way, is progressive socialism in contrast to say conservative socialism like they had in the USSR, I really doubt your views are that sophisticated!!)? I mean the corporatist centrist Obama is clearly a hypocrite, but that is the sort of politician we elect in this country. They are all like that. They are performers of political theater, who say what is popular and what needs to be said in order to win election, and then they do whatever they are instructed to do by the elite corporate and special interests that hold the purse strings. Not very complicated, and certainly completely unrelated to socialism, but I will agree Obama is a hypocrite.
In my near seven decades on this planet I have found that people who have to tell you they're honest, aren't. The people who have to talk to you about integrity usually have none and those who challenge other people's character to make themselves appear bigger are neither honest nor have any integrity. Now ask yourself about what Obama talks about?
This is a joke, right? http://naturalresources.house.gov/About/Members.htm It is dominated and chaired by Republicans.
Yes, the Cartel opens the spigots at times to increase the supply of oil that is, in turn, controlled by hedge fund speculators that (as I said) buy/sell it many times over before you have access to it at the pump. This creates $$$$ for that same Cartel, big money individuals and governments that have billions 'invested.' Your presumption is that the market is free in the first place which SHOULD react to a glut by lower prices, the evidence of manipulation is staring you in the face...can you see it?
Good points. Still questioning exactly how the cartel is controlling the price at the pump, when the price of crude hasn't followed the recent spike.
You don't think ME countries speculate on the product that they control!? They may do it through surrogates but you know they do it. US demand is down. World demand is down.
And the ranking member is a democrat... Even if it were biased, post information that proves it to be incorrect. Until you can present us with something more than your "bias" straw man argument you're just making a fool of yourself. Thanks indeed. Edit: Missed this post. You're right, I should have specified. The there's nothing wrong with the EIA numbers, but the message of your post is just that, wrong. It lacks any context whatsoever. The EIA data represents growth thanks to Bush policies and since your graph is nothing more than a visual representation of this, it's misleading as well. Obama doesn't deserve a shred of thanks for what he's done regarding oil prices. He's already undermined future production in this country. As others have said, it looks like this year we'll be 13% short of their projected numbers at that time.
Disagree with your opinion. Once again you've failed to show how even one ofthe statements I posted from the EIA were disproved by that blatantly biased Republican article you all are trying to pass off as reliable data. You must think I am a fool to blindly swallow that kind of BS. To the contrary, the data I cited from the EIA which you have now acknowledged "there's nothing wrong with" proved that domestic oil production is not down, and is not projected to go down 13% this year.
I already agreed with you that the data from the EIA was true. The message of your post was that Obama was who we should be thanking. I've given evidence to refute that assumption. You just refuse to, well, even read through it and its supporting documents apparently. Yet again, I've agreed with you over the EIA numbers showing growth multiple times now. They don't prove anything except what Bush was doing worked. The 13% number was incorrect. It's actually a 16% decline in projected production on federal land before Obama started dictating who got permits. This too was a conclusion drawn from the EIA. Again, I've refuted your argument that Obama is to thank for any of the growth shown in the EIA report. I showed you that production on federal land was vital to meeting those projections, from the mouths of the EIA. I even gave you a court document showing the Obama Administration being held in contempt over not issuing permits. All of this led to us not meeting the projected production numbers which was also in my original link. I realize I complicated this whole thing by not specifying what was wrong about your post. The OP was incorrect and the EIA data supports that. I will reiterate though, President Obama is not to thank for any production numbers being up, in fact, his policies have caused us to fail to reach projected production.
As I stated in my post, many of our conservative friends claim that it's all Obama's responsiblity. If you have a disagreement with that claim, take it up with them. My point was to show the statement that oil production is going down is wrong. Many conservatives here disagree as they claim Obama is responsible for what happens in oil prices. Feel free to prove that oil production increasing since Obama took office was because of what Bush did and nothing to do with Obama. I personally suspect it has much more to do with the price of oil going so high, but I await your proof to the contrary. Exactly. That was my point. The claim oil production is down is also not correct. So what? Again, I only echoed what our conservative friends have argued, so you refuted nothing I've claimed. Thanks. Again, as to Obama's responsibility, that is the claim of many conservaitves here who say he is responsible for oil prices. If you are one of the few of them who aren't blaming gas prices rising on Obama, I applaud your intellegence, honesty, and rationality. But I was simply echoing the claim made by many of our conservative friends. Personally, I think economics have more to do with it than anything else, but maybe your proof that Bush should get credit will show otherwise.