US soon to be World's top oil producer

[Grizalltheway]

Do you have a point with all of this, Baldy? Or are just trying to deflect from the fact that we'll soon be producing more oil than Saudi Arabia under an administration that supposedly loves trees and hates industry.

[YoUDeeMan]

The Holiday Inn Express must have been sold out last night.

[Wedgebuster]

But, but Obama is KILLING Oil Production...


Another Conk Talking Point BUSTED.

What do you really have to run on, other than Romney is White, and hates gays and loves forced-births?

Coal too, remember Gov. Romney is holding himself out as Mr. Coal, and telling everybody that Obama is anti coal...

I live in Wyoming mother fuckers, coal pays for everything here, and they are doing nothing but filling every available coal car as fast as they can and shipping it east to the power plants as fast as they can.

If Obama is killing coal, I hope he keeps it up at his current pace, because we have rebuilt every public school and every state highway in the state on that killed coal stuff.

[Baldy]

Do you have a point with all of this, Baldy? Or are just trying to deflect from the fact that we'll soon be producing more oil than Saudi Arabia under an administration that supposedly loves trees and hates industry.

If you would have paid attention instead of digging your lunch out of your nose, you would have learned that it takes 5+ years to get newly discovered oil out of the ground and refined.
Do the math (it won't take more than 1 hand). How long has the Obama administration been in power?

[danefan]

Additional info on gasoline taxes by state: http://www.gaspricewatch.com/web_gas_taxes.php" onclick="window.open(this.href);return false;

Interesting list. Taxes are clearly not regional.
NJ 32.9
NY 69.6

NC 57.6
SC 35.2

Its just a bucketing of taxes in NJ. Generally speaking NJ has some of the lowest consumption taxes (gas, clothes, alcohol, etc.) in the region. But income taxes are the highest.

NY just taxes the crap out of you at every turn. I pay $28,000 a year in real estate taxes on the 3 properties I own in New York.

[Grizalltheway]

Do you have a point with all of this, Baldy? Or are just trying to deflect from the fact that we'll soon be producing more oil than Saudi Arabia under an administration that supposedly loves trees and hates industry.

If you would have paid attention instead of digging your lunch out of your nose, you would have learned that it takes 5+ years to get newly discovered oil out of the ground and refined.
Do the math (it won't take more than 1 hand). How long has the Obama administration been in power?

Jackwad, I wasn't giving Obama credit for personally going out and pulling oil out of the ground. I'm saying that all the hysteria about how he was going to destroy American industry was wholly unfounded. Got it?

[Baldy]

If you would have paid attention instead of digging your lunch out of your nose, you would have learned that it takes 5+ years to get newly discovered oil out of the ground and refined.
Do the math (it won't take more than 1 hand). How long has the Obama administration been in power?

Jackwad, I wasn't giving Obama credit for personally going out and pulling oil out of the ground. I'm saying that all the hysteria about how he was going to destroy American industry was wholly unfounded. Got it?

wholly unfounded?

Really?

Do I need to introduce you to current employment and GDP levels?

[Grizalltheway]

Jackwad, I wasn't giving Obama credit for personally going out and pulling oil out of the ground. I'm saying that all the hysteria about how he was going to destroy American industry was wholly unfounded. Got it?

wholly unfounded?

Really?

Do I need to introduce you to current employment and GDP levels?

Corporate profits and war chests have never been bigger. So much for that trickle down, huh?

[AZGrizFan]

wholly unfounded?

Really?

Do I need to introduce you to current employment and GDP levels?

Corporate profits and war chests have never been bigger. So much for that trickle down, huh?

lol. How long you been waiting to be able to use that line?

http://ycharts.com/companies/XOM/profit_margin

[Bronco]

But, but Obama is KILLING Oil Production...


Another Conk Talking Point BUSTED.

What do you really have to run on, other than Romney is White, and hates gays and loves forced-births?

Coal too, remember Gov. Romney is holding himself out as Mr. Coal, and telling everybody that Obama is anti coal...

I live in Wyoming mother fuckers, coal pays for everything here, and they are doing nothing but filling every available coal car as fast as they can and shipping it east to the power plants as fast as they can.

If Obama is killing coal, I hope he keeps it up at his current pace, because we have rebuilt every public school and every state highway in the state on that killed coal stuff.

Wrong direction but China thanks you for the Wyoming coal

[Grizalltheway]

Coal too, remember Gov. Romney is holding himself out as Mr. Coal, and telling everybody that Obama is anti coal...

I live in Wyoming mother fuckers, coal pays for everything here, and they are doing nothing but filling every available coal car as fast as they can and shipping it east to the power plants as fast as they can.

If Obama is killing coal, I hope he keeps it up at his current pace, because we have rebuilt every public school and every state highway in the state on that killed coal stuff.

Wrong direction but China thanks you for the Wyoming coal

Funny you mention that, as US exports are up, and the trade deficit is down under Obama.

[Baldy]

wholly unfounded?

Really?

Do I need to introduce you to current employment and GDP levels?

Corporate profits and war chests have never been bigger. So much for that trickle down, huh?

I'll take your deflection and non-answer as an emphatic...NOOOOO!

[JohnStOnge]

But, but Obama is KILLING Oil Production...


Another Conk Talking Point BUSTED.

What do you really have to run on, other than Romney is White, and hates gays and loves forced-births?

However much is being produced, I think you know that more would be produced in the United States under a Republican President like George Bush was or Mitt Romney would be. That's because the increased production is happening in spite of current Federal policy rather than because of it. It's based on increased production from fields the Federal government does not control, improved technology for extracting certain oil forms, and a high price that makes extracting certain forms economically feasible. A Republican President would seek to increase production from Federal lands. That would include ANWAR and liberalized leasing of Gulf of Mexico fields.

The CNN article at http://www.cnn.com/2012/10/04/politics/ ... index.html" onclick="window.open(this.href);return false; makes a big deal out of Romney saying Obama cut the rate of issuing federal lands drilling permits by "half" when it was really 42%. But the rate still went from 20,479 permits issued during the final three years of the Bush Administration to 12,821 during the first three years of the Obama Administration.

Here's a blog article with a nice chart showing the role improved technology in exploiting "light tight" oil:

http://keithhennessey.com/2012/03/16/wh ... uction-up/" onclick="window.open(this.href);return false;

That's "...light crude oil trapped in low permeability (e.g., tight) shale, sandstone, or carbonate rock formations" (http://www.nrcan.gc.ca/energy/sources/crude/2114" onclick="window.open(this.href);return false;).

The "talking point" is not busted because everybody who pays attention at all knows that the increase in production has absolutely nothing to do with anything Obama has done and that, in fact, is not as great as it would be if we had a more oil exploration and production friendly President.

Of course there would probably still be too much opposition from misguided environmentalists and other assorted liberals to make ANWAR possible at this time. But you can bet a Republican President would want to do it and would do it if he saw the opportunity.

[Grizalltheway]

Corporate profits and war chests have never been bigger. So much for that trickle down, huh?

I'll take your deflection and non-answer as an emphatic...NOOOOO!

Have you seen the projections economists have made re: unemployment and GDP growth over the next 5-10 years, regardless of who's in the Oval Office? I'm guessing not.

[Baldy]

I'll take your deflection and non-answer as an emphatic...NOOOOO!

Have you seen the projections economists have made re: unemployment and GDP growth over the next 5-10 years, regardless of who's in the Oval Office? I'm guessing not.

I've been looking at those projections for the past 20 years, and they all have one thing in common. They're wrong almost all the time.

For example:
Looking at the CBO's Budget & Economic Outlook, published in January 2009, 'projected' that the average unemployment rate for 2012 would be 6.4% and the GDP would be 4.0%. Not even remotely close to the actual numbers.