Ishmael
Literotica Guru
- Joined
- Nov 24, 2001
- Posts
- 84,005
to make a 15 min. speech down in the oil patch. It's difficult to understand why he bothered to fly in at all unless the government is handing out frequent flier miles for Air Force One passengers.
His speech was energy related and he made several points;
1.) There are more wells in production today than there were when he took office.
This is true but misleading. The permits for new drilling and the putting of old wells back into production were as a result of permits issued during the Clinton/Bush years. In other words his administration was responsible for nothing behind the facts. About the best that he can say about his policies is that he didn't revoke any of the permits in place (except for the offshore drilling permits of course).
2.) The United States will always be importing oil.
Also true for the most part. The issue is the extent, percentage wise, that we'll be importing. It should be obvious to anyone that the less we produce, the more we'll be importing. This is going to be true no matter to what extent we develop alternative energy sources. We will never be free of the need for petroleum, at least not within the next several decades, and there are certain critical parts of our transportation system that just aren't going to run on any known alternative at this time.
3.) We have to continue to develop alternatives.
Agreed, and it's best done if the government gets out of the business of picking the winners. The track record is abysmal and that record of failure goes back damn near 200 years. The public monies squandered on the Solyndra's and others is beyond shameful and the fact that large democrat donors have been tied to virtually all of these failures cries for investigation.
3.) Oil prices will continue to rise.
They damn sure will unless we start developing our own resources. This is where the president seems to have a total disconnect with reality. As if supply has nothing to do with the price at the pump. If that were true the rumored release of several millions of barrels from the strategic reserve would NOT have resulted in a 5% drop (temporary) in oil prices and the recent statement by the Saudis that they would make up for lost production from Iran would NOT have resulted in a 3% drop. If these events were not a clear demonstration of the relationship between supply and price I don't know what is.
And the prices may indeed rise even if we do start developing our resources, but that eventuality will boil down to how high and how fast, oh, and inflation caused by "quantitative easing."
4. We have to conserve.
Not to worry Mr. president, your policies leading to damn near usurious petroleum prices will most certainly lead to conservation, primarily because no one will be able to buy the shit to begin with.
Ishmael
His speech was energy related and he made several points;
1.) There are more wells in production today than there were when he took office.
This is true but misleading. The permits for new drilling and the putting of old wells back into production were as a result of permits issued during the Clinton/Bush years. In other words his administration was responsible for nothing behind the facts. About the best that he can say about his policies is that he didn't revoke any of the permits in place (except for the offshore drilling permits of course).
2.) The United States will always be importing oil.
Also true for the most part. The issue is the extent, percentage wise, that we'll be importing. It should be obvious to anyone that the less we produce, the more we'll be importing. This is going to be true no matter to what extent we develop alternative energy sources. We will never be free of the need for petroleum, at least not within the next several decades, and there are certain critical parts of our transportation system that just aren't going to run on any known alternative at this time.
3.) We have to continue to develop alternatives.
Agreed, and it's best done if the government gets out of the business of picking the winners. The track record is abysmal and that record of failure goes back damn near 200 years. The public monies squandered on the Solyndra's and others is beyond shameful and the fact that large democrat donors have been tied to virtually all of these failures cries for investigation.
3.) Oil prices will continue to rise.
They damn sure will unless we start developing our own resources. This is where the president seems to have a total disconnect with reality. As if supply has nothing to do with the price at the pump. If that were true the rumored release of several millions of barrels from the strategic reserve would NOT have resulted in a 5% drop (temporary) in oil prices and the recent statement by the Saudis that they would make up for lost production from Iran would NOT have resulted in a 3% drop. If these events were not a clear demonstration of the relationship between supply and price I don't know what is.
And the prices may indeed rise even if we do start developing our resources, but that eventuality will boil down to how high and how fast, oh, and inflation caused by "quantitative easing."
4. We have to conserve.
Not to worry Mr. president, your policies leading to damn near usurious petroleum prices will most certainly lead to conservation, primarily because no one will be able to buy the shit to begin with.
Ishmael
