Toddsterpatriot
Diamond Member
I see they mythmakers are still swimming in their ignorance of how the oil bidness works ... smh
Number one, oil companies drill, not the gummint, not we the people. You can't force them to drill unless you nationalize the oil companies.
Number two, oil companies are for-profit corporations; their loyalties and goals are based on their shareholders, not the citizens of whatever country they're based in. They're not going to undermine their own profits.
Number three, even if they do start additional drilling (which is kinda magical since the surplus equipment to do so doesn't exist), that oil has nowhere to go, as refineries are already running at capacity;
Number four, even if you get past one through three and find a refinery, that oil then goes on the international market, not to the pump in Dubuque.
Number five, even if you get past one through four and pump up that international supply (which takes about 22 years according to the EIA), the net effect on the world price is literally pocket change;
And number six, when that barrel price drops by thirty-two cents, OPEC, if it notices at all, simply cuts their own production back to compensate, and we're back where we were.
Happy motoring.
You can't force them to drill unless you nationalize the oil companies.
No, but you can try stop them from drilling. Or make it easier for them to drill. One guess where Obama is leaning.
They're not going to undermine their own profits.
Right, oil companies don't want to drill, they want to make money instead. LOL!
What is that, liberal economics?
Number three, even if they do start additional drilling (which is kinda magical since the surplus equipment to do so doesn't exist),
Right, there is no possible way to build more equipment.
that oil has nowhere to go, as refineries are already running at capacity;
I guess building more refining capacity is out of the question?
Number four, even if you get past one through three and find a refinery, that oil then goes on the international market, not to the pump in Dubuque.
Right, and why is lowering the world price of oil a bad thing? And adding more gasoline doesn't drop the price?
Number five, even if you get past one through four and pump up that international supply (which takes about 22 years according to the EIA),
Selling oil on the world market takes 22 years? LOL!
If you have a source for whatever silly point you imagine you're making here, please post it.
And number six, when that barrel price drops by thirty-two cents, OPEC, if it notices at all, simply cuts their own production back to compensate, and we're back where we were.
Back to where we were? But we now have more US production and fewer imports.
Why is that bad again?
Wow. Worst case of rationalization infection I've seen all day. Put your masks on folks. And cover me-- I'm going in.
Maybe you didn't notice, Sparky, where the end product goes on the international market? You do know what international means, doncha?
I don't know that there is any "lean" but I do know that back in '08 when we picked this fake mantra apart, the oil companies were already sitting on 68 million acres of leased drilling land that wasn't being drilled --- the point being, it's not like they're out of territory to exploit. Today's number is prolly not much changed.
Once again, talk to the oil companies, which are private profit making enterprises. If they wanted more facilities or found them profitable, they would build them. To the contrary, they've been closing refineries. Wanna nationalize them so you can tell them what to do?
Right, and why is lowering the world price of oil a bad thing? And adding more gasoline doesn't drop the price?
Way to read through to the end. Again, search the word "OPEC" for the relevant part -- if it's relevant at all, since the differential in the resulting market price would be, as the EIA put it, "insignificant". And if it is significant, see the OPEC part.
Selling oil on the world market takes 22 years? LOL!
If you have a source for whatever silly point you imagine you're making here, please post it.
:: sigh :: done before but here again, just because you said "please"...
Silly source 1
Silly source 2
Anything else?
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Maybe you didn't notice, Sparky, where the end product goes on the international market?
No end product stays in the US market? Really?
I don't know that there is any "lean" but I do know that back in '08 when we picked this fake mantra apart, the oil companies were already sitting on 68 million acres of leased drilling land that wasn't being drilled
So when they lease land and determine it's not worthwhile to drill, they should be forced to drill? And they should be prevented from finding more sources to drill, just because?
Today's number is prolly not much changed.
Prolly? What's the amount of Federal land leased in 2008? In 2013?
Once again, talk to the oil companies, which are private profit making enterprises. If they wanted more facilities or found them profitable, they would build them.
That simple? Just build them? LOL!
done before but here again,
Thanks for the links. Did either source back your 22 year claim? Because I didn't see it.