President Obama's energy policies result in 5 1/2 year low for oil

[Busybody]

Did Robby answer yet


Oh

Obama Closes Off Much Of Alaska Refuge To Drilling


Beginning of the end for the Permanent Fund Dividend paid yearly from oil revenue to residents of Alaska.



Via Washington Examiner


President Obama has proposed setting aside more than 12 million acres of the Alaska coast as wilderness in a move that will pit him against Republicans from the state.

Obama’s plans to impose strict federal protections over an expanded portion of the Arctic National Wildlife Refuge would keep Alaskans from accessing the wealth of petroleum reserves that lay below the “fragile” habitat there.

“I’m very proud that my Department of Interior has put forward a comprehensive plan to make sure we’re protecting the refuge and that we’re designating new areas, including coastal plains, for preservation,” the president said from his seat aboard Air Force Once in a video released Sunday.

“I’m going to be calling on Congress to make sure that they take it one step further: designating it as a wilderness,” Obama said.[…]

Obama’s proposal would also block off parts of the Arctic Ocean from drilling, the Washington Post reported.

Murkowski fiercely defended her state against such perceived federal overreach.

“It’s clear this administration does not care about us, and sees us as nothing but a territory,” she said in a statement Sunday. “The promises made to us at statehood, and since then, mean absolutely nothing to them. I cannot understand why this administration is willing to negotiate with Iran, but not Alaska.”

 

[NeverEndingMe]

so the obama slaves have yet to name one policy obama had put into place to lower the price of oil

what I love about you obama retards, is how you are clueless on supply and demand

 

[Que]

I still point and laugh at the idiocy when I see that thread title. A handful of posters tried to have a different discussion and say that he did not harm. None came even close to defending that sentence.

BobsDownSouth did not even try.

 

[KingOrfeo]

Maybe it's not even good news. From James Howard Kunstler's "Clusterfuck Nation" blog:

January 19, 2015

A Solemn Pause

Events are moving faster than brains now. Isn’t it marvelous that gasoline at the pump is a buck cheaper than it was a year ago? A lot of short-sighted idiots are celebrating, unaware that the low oil price is destroying the capacity to deliver future oil at any price. The shale oil wells in North Dakota and Texas, the Tar Sand operations of Alberta, and the deep-water rigs here and abroad just don’t pencil-out economically at $45-a-barrel. So the shale oil wells that are up-and-running will produce for a year and there will be no new ones drilled when they peter out — which is at least 50 percent the first year and all gone after four years.

Anyway, the financial structure of the shale play was suicidal from the get-go. You finance the drilling and fracking with high-yield “junk bonds,” that is, money borrowed from “investors.” You drill like mad and you produce a lot of oil, but even at $105-a-barrel you can’t make profit, meaning you can’t really pay back the investors who loaned you all that money, a lot of it obtained via Too Big To Fail bank carry-trades, levered-up on ”margin,” which allowed said investors to pretend they were risking more money than they had. And then all those levered-up investments — i.e. bets — get hedged in a ghostly underworld of unregulated derivatives contracts that pretend to act as insurance against bad bets with funny money, but in reality can never pay out because the money is not there (and never was.) And then come the margin calls. Uh Oh….

In short, enjoy the $2.50-a-gallon fill-ups while you can, grasshoppers, because when the current crop of fast-depleting shale oil wells dries up, that will be all she wrote. When all those bonds held up on their skyhook derivative hedges go south, there will be no more financing available for the entire shale oil project. No more high-yield bonds will be issued because the previous issues defaulted. Very few new wells (if any) will be drilled. American oil production will not return to its secondary highs (after the 1970 all-time high) of 2014-15. The wish of American energy independence will be steaming over the horizon on the garbage barge of broken promises. And all, that, of course, is only one part of the story, because there is the social and political fallout to follow.

The table is set for the banquet of consequences. The next chapter in the oil story is more likely to be scarcity rather than just a boomerang back to higher prices. The tipping point for that will come with the inevitable destabilizing of Saudi Arabia, which I believe will happen this year when King Abdullah ibn Abdilaziz, 91, son of Ibn Saud, departs his intensive care throne for the glorious Jannah of virgins and feasts. Speaking of feasts, just imagine how the Islamic State (or ISIS) must be licking its chops at the prospect of sweeping over an Arabia no longer defined as Saudi! The Saudis are so spooked that they announced plans last week for a kind of super Berlin-type wall to be constructed along the northern border with Iraq. But that brings to mind a laughable Maginot Line scenario in which the masked invaders just make an end run around the darn thing. In any case, Saudi Arabia will already be disintegrating internally as competing clans and princes vie for control. And then, what will the US do? Rush in there shock-and-awe style? Bust up the joint? That’ll make things better, won’t it? (See American Sniper.)

Meanwhile, there will be plenty to contend with state-side. The next time there is a pratfall in the stock and bond markets and the TBTF banks — and there is sure to be — the rescue tricks are liable to be a whole lot more severe than the TARP, ZIRP, and QE hijinks of 2008-2015. Next time around, the federals are going to have to confiscate stuff, break promises, take away things, and rough some people up. The question is how much of this abuse will the public take? I take a certain comfort knowing how heavily armed America is. And not just the lunatic fringe. The thought of Hillary and Jeb out there beating the bushes for big money makes me laugh. They are so not going to happen. Just wait. For now, take this MLK holiday break to reflect on the fragility of our own country, and gird your loins for the week to come.

 

[Que]

Pro-tip for when you cobble together enough funds to start investing. Do not heed the advice of a financial "journalist" that thinks the word investors requires quotes.

 

[unregistered]

 

[RobDownSouth]

Don't be fooled by people like Obama when they talk about "investment" either.

Damned right, skippy! That infrastructure thingamabob just magically appears and performs maintenance on itself!

Just ask any glibertarian!

 

[Que]

Don't be fooled by people like Obama when they talk about "investment" either.

Don't get me started on the difference between a capital investment and an expenditure of capital.

To them anything the want to spend money on is an investment. School lunches are not an "investment in the future." A child eats it, he shits, the money is gone. The return on the investment was zero, as was expected.

Buy a man a fishing pole he might be able to feed himself. "Invest" in fish to give away so that the recipients have full bellies and better self esteem is not an investment.

 

[unregistered]

 

[unregistered]

 

[Que]

Of course the sort of infrastructure that is financed by private money like a pipeline that earns a return for ever barrel delivered through it in no investment, because it did not involve tax dollars. Greedy people cannot be trusted to make investments. We need higher taxes because lobbyists and lawyers are the best at allocating capital to build up the wealth of society.

Pipeline building, "temporary jobs.' Bridge building,: eternal employment.

If Obama succeeds in getting his wilderness designation and private industry again figures out a way to get more oil out of the ground elsewhere, BobsDownSouth will crow; "Wilderness designation resulted in lower oil prices!!"

 

[Busybody]

wait till CUNT CLINTON becomes PUTZ....Robby will be having 42 orgazams a day

 

[Que]

Outside of the American military, is there any area where the U.S. government can claim our "investments" have led to real success?

Not even there. You invest in the R&D to come up with the tomahawk cruise missile and then farther invest a million dollars a copy or whatever, you have two choices. Stockpile them. How does that enrich your country? Fire them off at some mud huts. Now you are just out the million bucks a copy.

Military spending, while necessary to some extent, is also just an expenditure.

 

[Busybody]

Not even there. You invest in the R&D to come up with the tomahawk cruise missile and then farther invest a million dollars a copy or whatever, you have two choices. Stockpile them. How does that enrich your country? Fire them off at some mud huts. Now you are just out the million bucks a copy.

Military spending, while necessary to some extent, is also just an expenditure.

yeah

since the new SMART BOMBS, we haven't won anywhere

DUMB BOMBS cheaper more effective

 

[unregistered]

 

[Busybody]

Course it helps to have leaders who actually want victory.

we don't

Bush didn't

1st Bush neither

Powell=Racist FAG

 

[Que]

yeah

since the new SMART BOMBS, we haven't won anywhere

DUMB BOMBS cheaper more effective

For the sake of discussion lets say we have technological advances that lets us blow up the other guys stuff more economically. It still doesn't enrich out nation a dime. Unless we take plunder from the defeated and so far we have never done that.

It is a common fallacy that the military build-up of WWII kick started us out of the depression. We were long overdue for recovery anyway. What the war did do was provide a common purpose, a reason to get off of the dole and learn a trade like ship-building and aircraft production. Spending all that money and getting nothing tangible in return did not enrich us. We would have had a better boom in what is now called the post-war boom, had the Germans and Japanese simply behaved themselves. We lost actual material and productive workers in the war. There is no way that made us richer.

 

[Busybody]

Obama Films Anti-Oil Drilling Video–From a Jet




On Sunday, President Barack Obama released an anti-oil drilling environmental video shot aboard Air Force One–an aircraft that has a 53,611 gallon fuel capacity.



The video, which shows Obama aboard Air Force One, is interspersed with scenes of arctic animals and wildlife landscapes, reports National Public Radio (NPR). It’s all part of Obama’s ANWR (Arctic National Wildlife Refuge) newly proposed plan to ban roads, permanent structures, vehicles, drilling, and mining on 12.28 million acres in ANWR.

On Saturday, Obama flew Air Force One over 8,000+ miles to India to discuss global warming and other issues.

 

[Sean Renaud]

Don't get me started on the difference between a capital investment and an expenditure of capital.

To them anything the want to spend money on is an investment. School lunches are not an "investment in the future." A child eats it, he shits, the money is gone. The return on the investment was zero, as was expected.

Buy a man a fishing pole he might be able to feed himself. "Invest" in fish to give away so that the recipients have full bellies and better self esteem is not an investment.

Except it is an investment and frees up his time to do other productive shit.

 

[unregistered]

 

[phrodeau]

So you can't invest in food since it gets eaten and disappears, but it's possible to invest in oil? How is that worked out?

 

[KingOrfeo]

To them anything the want to spend money on is an investment. School lunches are not an "investment in the future." A child eats it, he shits, the money is gone. The return on the investment was zero, as was expected.

The return on investment is a well-nourished child.

Which was the point.

 

[KingOrfeo]

Outside of the American military, is there any area where the U.S. government can claim our "investments" have led to real success?

Ever drive on the Interstate?

Or on any paved road, for that matter?

 

[Adre]

I still point and laugh at the idiocy when I see that thread title.

Yes, 74 times you have told us in different ways.

 

[Adre]

Ever drive on the Interstate?

Or on any paved road, for that matter?

Sure, his plastic shitbox has been all over the federally funded interstate system.