Gas prices lower in SPITE of Obama signing fewest Federal oil leases in 26 years!

[hortysir]

OPEC and speculators set prices.
Our production is a drop in the bucket

The United States is the world's top producer of oil.

But we don't set the market

 

[hortysir]

OPEC and speculators set prices.
Our production is a drop in the bucket

I really don't know how f...king dumb you have to be to make stupid statements that can be totally refuted using the Internet!
FACTS!
DO YOU SEE THE BELOW???
top 10

USA is 3rd at 12.23% IS THAT A F...king DROP in the bucket???
OPEC countries: Saudi Arabia, Iran, Iraq, UAE,Venezuela.. total 27.86%
Russia 14.05%
List of countries by oil production - Wikipedia the free encyclopediaView attachment 37694

Not in means of production so much as we have little effect on price control

 

[healthmyths]

Do you want prices to go lower?

Duh???
Do you know what it costs Middle east oil companies to produce a barrel of oil? --$16.88
Do you know what it costs the USA to produce a barrel of oil? --$33.76

When you can produce MORE OIL it lowers the cost of producing oil, which lowers the cost of a gallon of gas.
BUT being a LIP like YOU, you have obviously very little Internet search skills to understand by opening Federal land to the same
rate it was before Obama more oil can be found and can be produced domestically.
THIS reduces the need for foreign oil.
Again.. you obviously don't comprehend the security issues in depending on foreign oil.
How much does it cost to produce crude oil and natural gas - FAQ - U.S. Energy Information Administration EIA

View attachment 37693

Your numbers are seven years old.

OK... Once again...
from USA ...International Energy Statistics - EIA
From 2013... one year old...
Middle East OPEC.. 30%
USA and Canada ... 21%
USA alone...13.5%

 

[healthmyths]

The USA is still an importer of 6,547,000 barrels of oil per day.

USA consumes 18,890,000 barrels per day.. produces 12,343,000.
How much oil is consumed in the United States - FAQ - U.S. Energy Information Administration EIA

 

[SwimExpert]

OPEC and speculators set prices.
Our production is a drop in the bucket

The United States is the world's top producer of oil.

But we don't set the market

The market sets the market. What's your point? "Our production is a drop in the bucket" is a blatant falsehood. Our production is in fact the greatest of any other country in the world.

 

[SwimExpert]

OK... Once again...
from USA ...International Energy Statistics - EIA
From 2013... one year old...

Actually, that would be two years old. Thanks for acknowledging you're using out-of-date data.

 

[Soggy in NOLA]

The Obama administration ostensibly supports America’s oil and natural gas boom, but government data shows that they have issued the lowest number of drilling leases since at least 1988.

The total number of oil and gas drilling leases issued in 2013 reached a nearly three-decade lows, according to the Bureau of Land Management.
The bureau says it issued 1,468 drilling leases last year, totaling 1.17 million acres of federal land —
the lowest figures since 1988, which is the oldest year for which the BLM has data.

When it comes to actually approving drilling permits in 2013,
the Obama administration approved the lowest number since 2002 — only 3,770 drilling permits.
This is down from 6,617 drilling permits that were approved in 2008, the last year of the Bush administration.
NOTE: This is nearly a 57% REDUCTION in drilling permits!

“The slow walking of permits and leases for natural gas and oil production has been a part of this president’s energy policy from the get go,” Chris Warren, spokesman for the free-market Institute for Energy Research told The Daily Caller News Foundation.

“Under this administration’s watch we have seen production on federal lands and waters plummet due to these policies.”

In 2013, it took 194 days on average for the BLM to approve oil and gas drilling permits — 99 days on average for companies to fix any problems with their application and 95 days for the BLM to approve the permits after problems have been fixed.

“Compare this to five days in Texas and 25 in North Dakota and it’s no wonder why production on federal lands has gone down,” Warren added.

Overall, U.S. oil production has boomed in recent years, but production on federal lands has been falling. The Congressional Research Service reports
that oil production on federal lands fell from 1,731,500 barrels per day in 2009 to
1,627,400 barrels per day in 2012,
and the total share of crude oil produced on federal lands fell to 26 percent in 2012 from 33 percent in 2009.

“All of the increased production from FY2007 to FY2012 took place on non-federal lands, causing the federal share of total U.S. crude oil production to fall by about seven percentage points,” according to CRS.

The federal government has also locked up about 43 percent of all domestic oil reserves and 72 percent of oil shale acreage, according to the conservative American Action Forum (AAF).
Since 2008, oil and gas companies have nominated more federal acres to be leased, but the federal government has been listening and reducing the amount of federal land being put up for auction.
Obama. leases the lowest amount of federal land in 25 years The Daily Caller

Primarily due to the economy sucking ass... despite Obama's claims that we are in a recovery.