If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNN)   Obama's plan to destroy the oil industry has resulted in the US becoming the world's largest oil producing nation by 2020. Can't he do anything right?   (money.cnn.com) divider line 163
    More: Interesting, International Energy Agency, United States, U.S. Energy Information Administration, oil producers, countries by natural gas production, Republican, Economic Calendar, energy market  
•       •       •

8370 clicks; posted to Main » on 12 Nov 2012 at 3:20 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



163 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | 4 | » | Last | Show all
 
2012-11-12 04:14:44 PM

turtleking: coeyagi: david_gaithersburg: My truck has this sticker on it, because I care.

[a248.e.akamai.net image 380x345]

And my vehicle has a "15" dick looking for a good time" bumper sticker on it too, doesn't mean I'm saving the world.

You are taller than 15" dont sell yourself short


I was about to say. If he's only a little over a foot tall, he should be driving a Tonka truck.
 
2012-11-12 04:14:54 PM
Did anyone look at the article? This is a joke right?
 
2012-11-12 04:15:08 PM
There's still a finite amount of fossil fuel. We will run out, and it is moronic for anyone to behave as if we will not. Thinking about 2020 or 2030 is still being ridiculously short-sighted.
 
2012-11-12 04:16:04 PM
static.guim.co.uk
static.guim.co.uk
 
2012-11-12 04:16:42 PM

StopLurkListen: [i194.photobucket.com image 410x348]


You know *anyone* would land there for those prices!
 
2012-11-12 04:16:48 PM
I'm not an oil expert, but I do live in Houston and own a tiny fraction of an exploration company.

The only reason XL was delayed was to rethink the routing over the Ogallala Aquifer. It's going to happen.

The technology advances in horizontal drilling and frac-ing are the near term reason for optimism. Rig counts are up and day rates are getting very expensive. And in the Eagle Ford, roads, railroads and pipelines (and housing and schools etc.) are way behind production and are the current bottleneck. The government is neither holding up or responsible for this oil boom.

Gasoline prices are partially dependent on refiners, they can ramp up or down production, er close for scheduled maintenance, depending on demand projections. They don't want gasoline too cheap to miss profits or to expensive to lower demand and encourage competition. There is a $10 billion dollar refinery (Motiva http://www.chron.com/business/energy/article/Repairs-wrapping-up-at-Mo tiva-s-Port-Arthur-4025256.php) about to come on line.
And several other projects in and around Houston are going great guns.

Anybody that can pass a drug test and get a commercial license can make $80K in SouthTexas today, more in North Dakota I'd guess.

But we know, it's a bounty we will misuse. We will raise the CO2, delay green energy development and spend all the money on hookers and blow,
because we are Americans dammit!
 
2012-11-12 04:17:05 PM
Something something oil companies wanting more money something quoted as saying "Try to flucking stop us!"
 
2012-11-12 04:17:57 PM
Obama (and or most other presidents of any party) is a gnat on the butt of the elephant that is our economy. He is responsible for neither our economic success nor our failure. He is mostly just an interested onlooker.
 
2012-11-12 04:19:47 PM

hbk72777: U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen rapidly since 2008 and oil imports are at their lowest level in two decades


Link

Give the dumb bastard some credit


Declassify his pre-Iraq invasion White House "chats" with oil sector leaders, and we'll talk.
 
2012-11-12 04:23:47 PM

Onkel Buck: david_gaithersburg: My truck has this sticker on it, because I care.

[a248.e.akamai.net image 380x345]

Care twice as hard because I'm not going to at all


So am I having a total science fail, or am I the only one who gets the joke?

Petroleum (like gasoline & diesel) is a hydrocarbon...so hes saying his truck burns gas or diesel...the "eco-vehicle" part being the joke.
 
2012-11-12 04:25:29 PM

Irregardless: Obama (and or most other presidents of any party) is a gnat on the butt of the elephant that is our economy. He is responsible for neither our economic success nor our failure. He is mostly just an interested onlooker.


There is very little a president can do to boost the economy, but there are many things he can do to hold back, or even destroy, the economy. This is why it is best when they just get the fark out of the way.
 
2012-11-12 04:26:50 PM

The Stealth Hippopotamus: Obama's plan to destroy the oil industry has resulted in the US becoming the world's largest oil producing nation by 2020. Can't he do anything right?

ok, I'm the last farker to bitach about tenses and grammar, however if we are talking about something that will happen in 8 years how can it be "has resulted"? Or does Obama really have a time machine?


You know it's bad when I notice it.


Don't worry about that. Obama the whole thing.
 
2012-11-12 04:30:49 PM

Sultan Of Herf: Onkel Buck: david_gaithersburg: My truck has this sticker on it, because I care.

[a248.e.akamai.net image 380x345]

Care twice as hard because I'm not going to at all

So am I having a total science fail, or am I the only one who gets the joke?

Petroleum (like gasoline & diesel) is a hydrocarbon...so hes saying his truck burns gas or diesel...the "eco-vehicle" part being the joke.


sometimes sarcasm soars over folks heads like a wooden rabbit in a catapult
 
2012-11-12 04:33:32 PM

signaljammer: I'd like to thank President Halliburton for exempting the fracing industry from the Clean Water Act, the Clean Air Act, allowing them to pump anything into the ground they want save diesel fuel, and allowing them to not disclose the agents they employ so that they can hold their 'trade secrets.'


^^^^^^^^^ This This should be a poster glued to the walls and windows wherever population America resides until farking stupid citizens wake up and demand it not be so

it's not as if there is an endless supply of everything. including fresh air, fresh water and unpolluted ground - of which is in short farking supply biatchtits

ooh, frackin my life away
piss away a sunny day
profits for me
ooh, frackin my life away
Halliburton money days
profits i'll see

david_gaithersburg: Irregardless: Obama (and or most other presidents of any party) is a gnat on the butt of the elephant that is our economy. He is responsible for neither our economic success nor our failure. He is mostly just an interested onlooker.

There is very little a president can do to boost the economy, but there are many things he can do to hold back, or even destroy, the economy. This is why it is best when they just get the fark out of the way.


oh honey i hope you are not preaching that behind the pulpit or teaching that in a classroom. ignorance is not a funny thing, not at all.
 
2012-11-12 04:34:34 PM

CheatCommando: GT_bike: Marcus Aurelius: Lando Lincoln: By ramping up production of shale oil?

Yeah, that's just what we farking need.

Humanity is so goddamn dumb.

Not to worry, we're building the Keystone XL pipeline so we can export it out of the country tax free.

So, problem solved, right?

/ok so its stupid

Actually Obama and his buddy Buffet oppose it. That way we can help Buffet reap $47 billion in cash. Just his train operation (BNSF) is up wildly at 72% where he hauls coal, oil and sand. Coal to the power plants. Oil to the refiners. Sand to the Frackers.

http://seekingalpha.com/article/992421-berkshire-hathaway-keeps-chugg i ng-along-thanks-to-burlington-northern-santa-fe

It's people like you that are making me a fortune in the tin foil industry. Carry on!


Are you disputing the current returns and state of the BNSF, BRK-A, BRK-B stocks or that Burlington Northern Santa Fe is growing or that Berkshire Hathaway isn't doing well with MidAmerican Energy or that he's not cozy with the Obama administration?

Or are you just too inept to google, bloomberg or WSJ that for yourself? Publically traded stocks actually do release information such as their profits, losses and cash holdings but then again you get great reception considering your holdings in tin foil so probably don;t need to do much else than tow the talking points, mock the facts since they don't support the narrative etc...Maybe Ben Nelson the senator from Nebraska's multi-million dollar investments into Berkshire Hathaway would influence what he voted against the Keystone Pipeline when previous to the BNSF aquisition had him praising the jobs Nebraska would get from the pipeline?

I don't know why you can accept that the democrat party is immune to greed buut but I question it all and everyone.

http://www.bloomberg.com/news/2012-01-23/buffett-s-burlington-norther n -among-winners-in-obama-rejection-of-pipeline.html
 
2012-11-12 04:34:45 PM
You forgot to mention his war on the coal industry which resulting in domestic coal production increasing every year since he took office.

In all fairness, it's still well below 2008 production levels, but hey. These things happen when
1) the economy poops on itself and energy demand plummets
2) some smart people learn how to "safely" extract immense reserves of natural gas, and
3) the coal mining industry decides that blowing up it's own workers is more important than spending a few bucks on expensive safety measures like those plastic screens the butcher at the grocery store uses.
 
2012-11-12 04:36:14 PM
Scary thing is, some conservatives actually believe that his plan IS to destroy the oil industry.
They think in black & white, US vs THEM terms. So when someone says we need to reduce our dependency on fossil fuels, they immediately think "WAR ON OIL!".
And when someone says they want to allow a group of people (for whom they look down on) to have a right that everyone else has, they think "WAR ON MY RIGHTS". (That one applies to both homosexuals and women.)

This is why the GOP will never get more than 300 electoral votes.
 
2012-11-12 04:36:44 PM
1.bp.blogspot.com

If you want something done, do it yourself.
 
2012-11-12 04:41:41 PM

loonatic112358: Sultan Of Herf: Onkel Buck: david_gaithersburg: My truck has this sticker on it, because I care.

[a248.e.akamai.net image 380x345]

Care twice as hard because I'm not going to at all

So am I having a total science fail, or am I the only one who gets the joke?

Petroleum (like gasoline & diesel) is a hydrocarbon...so hes saying his truck burns gas or diesel...the "eco-vehicle" part being the joke.

sometimes sarcasm soars over folks heads like a wooden rabbit in a catapult


Now we all jump out of the Rabbit!

/Ni!
 
2012-11-12 04:42:41 PM

Rapmaster2000: GT_bike: Marcus Aurelius: Lando Lincoln: By ramping up production of shale oil?

Yeah, that's just what we farking need.

Humanity is so goddamn dumb.

Not to worry, we're building the Keystone XL pipeline so we can export it out of the country tax free.

So, problem solved, right?

/ok so its stupid

Actually Obama and his buddy Buffet oppose it. That way we can help Buffet reap $47 billion in cash. Just his train operation (BNSF) is up wildly at 72% where he hauls coal, oil and sand. Coal to the power plants. Oil to the refiners. Sand to the Frackers.

http://seekingalpha.com/article/992421-berkshire-hathaway-keeps-chugg i ng-along-thanks-to-burlington-northern-santa-fe

Investing Tip: Every article (re: blog post) on SeekingAlpha is a series of anecdotes and correlations which inductively reach a conclusion that matches the author's opinion. You'd be better off listening to Jim Cramer.


The stats of profits, returns and cash on hand are available on all the other non-biased financial sites like Bloomberg, WSJ, Yahoo Finance etc... the "I can't see greed anywhere but in the Rebublican party" rhetoric is tired and blind. The January 2012 Bloomberg articles projecting "possible" benfits to BNSF if the pipeline was rejected failed to predict 14% increase in hauling volume with 72% profits but don't let facts get in the way of a blind rebuttal.
 
2012-11-12 04:44:12 PM

moothemagiccow: FFS stop burning oil


FFS find something else to get me to work that is readily available. If i can convert my car to it i will.
 
2012-11-12 04:46:44 PM
www.mediabistro.com


Price of gas down 15¢ since Obama was reelected.
 
2012-11-12 04:50:33 PM
http://www.wskg.org/npr/energy-independence-wouldnt-make-gasoline-any- cheaper

For those too lazy to read, Canada exports more oil than it uses, yet still has high prices. Oil is a global commodity, so even if we produced more than we needed domestically, we'd still have high prices. Unless you want the government to step in and force companies to sell cheaply in the US?
 
2012-11-12 04:52:18 PM

JackieRabbit: We may become a net exporter again, but I call BS on the huge increase in domestic production. Rather, demand is going to start falling in the US and Europe, while vastly overstated reserves in Saudi Arabia will result in a decline of output there.


Demand in the US has fallen every year for the last five while supply has increased over the same time.

Gas should be as cheap as it's ever been right now except we don't sell American oil to Americans, we sell it on global markets.
 
2012-11-12 04:54:08 PM

GORDON: The Keystone Pipeline has been going in in direct defiance of orders from Obama's EPA. I have been waiting to see what becomes of that.


Not quite. From what I've heard, they have proposed routes for phase 4 of the Keystone XL pipeline that do not cross over the thousand-mile-long Oglalia aquifer that lies under most of the midwest, and which would be a disaster of unmatched proportion to US agriculture if it were polluted. That was the only bone of contention. With the new route, it will likely gain the approval of the government of Nebraska as well as the EPA, and be constructed.

It's almost as if politics forced the project to be built in a way that protected the public good. AKA politics worked.
 
2012-11-12 04:55:59 PM
Hydrocarbon fuel is going to be around for hundreds of years to come. After shale gas comes shale oil, after that we make gasoline from coal, after that methane hydrates....

Want to get rid of hydrocarbons? Go nuclear and use it to make hydrogen, and go on a hydrogen economy, with H2 fueling cars, airplanes, etc.

Wind will always be a bit player, and solar will only happen when we have a cheap way of storing it, like ECONOMICAL solar production of hydrogen. Could happen, but the physics say it ain't easy.

Polywell fusion would be nice, but I'm not holding my breath....

/btw, Obama and associates get ZERO credit for expanding oil production. Him and his allies have been nothing but obstructionists
 
2012-11-12 04:56:24 PM

zoobaby: http://www.wskg.org/npr/energy-independence-wouldnt-make-gasoline-any - cheaper

For those too lazy to read, Canada exports more oil than it uses, yet still has high prices. Oil is a global commodity, so even if we produced more than we needed domestically, we'd still have high prices. Unless you want the government to step in and force companies to sell cheaply in the US?


we just need a strong dollar that will lower the price of domestically produced oil for Americans only.
 
2012-11-12 04:56:40 PM

GT_bike: He didn't build that. PRIVATE land is the primary location of new wells.


DERP!
 
2012-11-12 04:57:27 PM

2 Replies:
This is why the GOP will never get more than 300 electoral votes.


Then I guess it's a good thing it only takes 270.
 
2012-11-12 04:58:42 PM

Phineas: Production may be up overall under this administration but its in spite of Obama, not because of him.

http://www.instituteforenergyresearch.org/2011/04/14/administration-a c tions-designed-to-increase-the-cost-and-reliability-of-energy/



since 1996, $110,000 of IER's funding has come from the Claude R. Lambe Charitable Foundation, a trust set up by private energy company Koch Industries. IER also received over $300,000 in funding from ExxonMobil, but Exxon has not given to IER since 2007.

The Institute's CEO, Robert L. Bradley, Jr., was formerly a director of policy analysis at Enron, where he wrote speeches for Kenneth Lay.



Sounds totally not-in-the-tank to energy interests.
 
2012-11-12 05:03:22 PM

GT_bike: Rapmaster2000: GT_bike: Marcus Aurelius: Lando Lincoln: By ramping up production of shale oil?

Yeah, that's just what we farking need.

Humanity is so goddamn dumb.

Not to worry, we're building the Keystone XL pipeline so we can export it out of the country tax free.

So, problem solved, right?

/ok so its stupid

Actually Obama and his buddy Buffet oppose it. That way we can help Buffet reap $47 billion in cash. Just his train operation (BNSF) is up wildly at 72% where he hauls coal, oil and sand. Coal to the power plants. Oil to the refiners. Sand to the Frackers.

http://seekingalpha.com/article/992421-berkshire-hathaway-keeps-chugg i ng-along-thanks-to-burlington-northern-santa-fe

Investing Tip: Every article (re: blog post) on SeekingAlpha is a series of anecdotes and correlations which inductively reach a conclusion that matches the author's opinion. You'd be better off listening to Jim Cramer.

The stats of profits, returns and cash on hand are available on all the other non-biased financial sites like Bloomberg, WSJ, Yahoo Finance etc... the "I can't see greed anywhere but in the Rebublican party" rhetoric is tired and blind. The January 2012 Bloomberg articles projecting "possible" benfits to BNSF if the pipeline was rejected failed to predict 14% increase in hauling volume with 72% profits but don't let facts get in the way of a blind rebuttal.


As long as we're engaging in cartoonish stereotypes, it's interesting to see a billionaire whose taint Republicans won't lick.
 
2012-11-12 05:03:50 PM

devalt: 2 Replies:
This is why the GOP will never get more than 300 electoral votes.

Then I guess it's a good thing it only takes 270.


In eight years, they'll be looking at a ceiling of 260 once Texas flips Dem
 
2012-11-12 05:04:10 PM

ShawnDoc: I'd rather we continue to import relatively cheap foreign oil, and save what reserves we have for when the cheap stuff runs out.

Why sell for $2 today, when you can sell for $10 in a few years?


Because investors are like greedy little brats with zero patience.
They want their payoff NOW goddammitt, not 10 years from now.
This lack of long-term thinking is destroying business. The 'suits' are killing the goose that lays their golden eggs.
 
2012-11-12 05:05:04 PM
i.imgur.com
 
2012-11-12 05:10:17 PM

xanadian: Yeah, but don't expect the price of gas to fall anytime soon.

I also recall that the US is currently THE leader (or near the top) in gasoline exports. It's supposedly one of the factors that's driving up the cost here at home.


Kind of a straw dog as that gasoline is going back to the country from whence the oil came from. For example, Venezuela doesn't have the refining capacity for their heavy oil, so they outsource the refining to Texas & Louisiana.
 
2012-11-12 05:10:18 PM

david_gaithersburg: Irregardless: Obama (and or most other presidents of any party) is a gnat on the butt of the elephant that is our economy. He is responsible for neither our economic success nor our failure. He is mostly just an interested onlooker.

There is very little a president can do to boost the economy, but there are many things he can do to hold back, or even destroy, the economy. This is why it is best when they just get the fark out of the way.


The reason unemployment is so high is that there's not enough arsenic in our drinking water.
 
2012-11-12 05:12:53 PM

GT_bike: The stats of profits, returns and cash on hand are available on all the other non-biased financial sites like Bloomberg, WSJ, Yahoo Finance etc



Because information derived from 10K filings has proven to be 100% accurate in the last decade and we have not had numerous instances of companies omitting information, distorting facts, or engaging in outright deception.
 
2012-11-12 05:14:46 PM
So he's destroying the planet?
 
2012-11-12 05:41:02 PM
That's funny because come 2020, Obama will still be president.
 
2012-11-12 05:41:29 PM

MarkEC: FTA: The Obama administration's push to develop and grow domestic natural gas capabilities has led to a natural gas drilling boom.
Can someone provide a citation that the Administration is behind the push to extract more natural gas? Are we drilling more on federal lands for natural gas? I think not. Did Obama make it easier for energy companies to get state drilling permits? I don't think so. So what exactly did the Obama Administration do?


He corelated.
 
2012-11-12 05:42:39 PM

ShawnDoc: I'd rather we continue to import relatively cheap foreign oil, and save what reserves we have for when the cheap stuff runs out.

Why sell for $2 today, when you can sell for $10 in a few years?


Depends on who you mean "we" is. Last I checked the people of the United States don't drill for oil, oil companies do, and I doubt they are going to drill it and sell it cheaply to Americans just out of the kindness of their heart.
 
2012-11-12 05:44:51 PM

jfivealive: Smeggy Smurf: Thus begins the 21st century wars for energy

/nuke taco bell

The single largest producer of natural gas!


The hell you say. That title belongs to my ass. Taco Bell falls in at a distant third behind my son who holds the world record for most horrific fart by a human under the age of 18. I'd hold the record for an adult but every time I try for it the scientific equipment melts.
 
2012-11-12 05:48:21 PM

zoobaby: http://www.wskg.org/npr/energy-independence-wouldnt-make-gasoline-any- cheaper

For those too lazy to read, Canada exports more oil than it uses, yet still has high prices. Oil is a global commodity, so even if we produced more than we needed domestically, we'd still have high prices. Unless you want the government to step in and force companies to sell cheaply in the US?


Yeah why not? All other oil producing countries do. Why is it that Western countries are the only ones that play by the rules?

And by "the rules" I do mean the opinions of international corporations.
 
2012-11-12 05:49:10 PM

StopLurkListen: [i194.photobucket.com image 410x348]


I love that image. :)

The US is never going to get off oil, at least not in our lifetimes. We're far too good at being consumers, i.e. we buy too much shiat. All of that shiat has to be transported to stores and to our homes, and because the country is huge and we aren't investing a lot in rail and such, it's going to be trucked. Not to mention the super cargo ships from China all running on kerosene or whatever.

The other reason is that on average, Americans farking love gas-wasted vehicles of all types are all "from my cold dead hands" about them.

One day I'm sure it will all come crashing down but I'm enjoying the ride as much as anyone.
 
2012-11-12 06:15:39 PM
 
2012-11-12 06:50:57 PM

Phineas: I know you're all climbing over each other for the right to slob on his knob


A true conservative mentions fellating a black man in every post. Well done!
 
2012-11-12 07:40:07 PM

StrikitRich: xanadian: Yeah, but don't expect the price of gas to fall anytime soon.

I also recall that the US is currently THE leader (or near the top) in gasoline exports. It's supposedly one of the factors that's driving up the cost here at home.

Kind of a straw dog as that gasoline is going back to the country from whence the oil came from. For example, Venezuela doesn't have the refining capacity for their heavy oil, so they outsource the refining to Texas & Louisiana.


Nothing like having shiat offshored back to the US...
 
2012-11-12 07:51:43 PM
America would be the greatest exporter of solar and wind power but most of those companies went bankrupt after the taxpayer funded subsidies dried up.
 
2012-11-12 08:13:43 PM

Lando Lincoln: By ramping up production of shale oil?

Yeah, that's just what we farking need.

Humanity is so goddamn dumb.


You sit in your high chair. The fark do you know about anything?
 
2012-11-12 08:15:41 PM
So on the one hand there's an industry thriving despite obama's decrease in federal land drilling permits. Obama ales the credit for the upward trend of production.

On the other hand gas prices and the unemployment rate is still somehow Bush's fault.
 
Displayed 50 of 163 comments

First | « | 1 | 2 | 3 | 4 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report