JimofPennsylvan
Platinum Member
- Jun 6, 2007
- 862
- 506
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The Republican Party is poised to pass legislation repealing the over forty year old ban against the direct export of oil from the United States and this move will hurt the American people long-term and be another reason why America needs a new Republican Party that isn't biased to big business and the wealthy. Why is the repeal of this ban wrong? Because this ban exists to protect the American people from skyrocketing petroleum prices that destabilize America's economy and reduce the American people's standard of living. Okay, at this immediate time America isn't in this danger from this threat but certain dramatic geopolitical change in the world that is possible could bring rise to this danger! What is not a remote danger though but an actually likelihood in that in the ten to twenty year time frame major oil producers throughout the world will regain control over the price of oil and bring this outlined harm to America because the Republicans did this act of taking down our defenses. See Saudi Arabia which essentially controls the OPEC cartel will be dramatically weaker in this time frame because Saudi Arabia already pumps an enormous amount of sea water into their oil fields to force the remaining oil out of their fields after a decade or two more of this oil milking technique Saudi Arabia will only be able to produce dramatically less oil than they produce today so they won't be able to control OPEC and then OPEC can resume its oil price control ways, plus in that time frame Russia will be a cooperating oil price control partner because Vladimir Putin due to age or death will be out of the picture and the Russian leader won't possibly be as an ambitious selfish dictator as Putin he or she will certainly do the smart play and work with OPEC and in that time frame America's shale oil producers won't be the potential juggernaut oil producers they are today because shale oil fields deplete rather quickly and America across the country is not in favor of shale production because of the amount of water needed for this production and because of the potential danger to the environment. The bottom line is that in ten to twenty years the reason why the ban was installed in the first place will exist again and one can bet their bottom dollar that it won't be easy to pass legislation re-installing the ban considering the economic interests involved and the powerful energy lobby in America!
How short-sighted and selfish these Republicans are if I recall correctly it was only in 2007 eight years ago the price of oil was approaching $120.00 a barrel and it was on the verge of causing dramatically serious harm to the nation's economy. The reasoning behind the opposition to repealing the ban melting away because the price between American oil prices WTI and international oil prices Brent being negligible is faulty reasoning the reason for this negligible difference is that OPEC cannot now regain control over the price once they do as outlined above and if the ban was kept in place and America had this protected supply of its domestic producers America would be shielded from the skyrocketing international oil price that would ensue! Hey you Americans that care about the environment repealing this ban will green light U.S. shale producers increasing their production keeping world-wide short-term oil prices low for a longer period of time thereby decreasing the pressure on governments throughout the world especially the U.S. to push their automobile industry to go to convert completely to electric powered cars. This stupid Republican move is why the US needs to change the constitution to ban budget bills from being able to contain non-budgetary mandates!
How short-sighted and selfish these Republicans are if I recall correctly it was only in 2007 eight years ago the price of oil was approaching $120.00 a barrel and it was on the verge of causing dramatically serious harm to the nation's economy. The reasoning behind the opposition to repealing the ban melting away because the price between American oil prices WTI and international oil prices Brent being negligible is faulty reasoning the reason for this negligible difference is that OPEC cannot now regain control over the price once they do as outlined above and if the ban was kept in place and America had this protected supply of its domestic producers America would be shielded from the skyrocketing international oil price that would ensue! Hey you Americans that care about the environment repealing this ban will green light U.S. shale producers increasing their production keeping world-wide short-term oil prices low for a longer period of time thereby decreasing the pressure on governments throughout the world especially the U.S. to push their automobile industry to go to convert completely to electric powered cars. This stupid Republican move is why the US needs to change the constitution to ban budget bills from being able to contain non-budgetary mandates!
