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

[BotanyBoy]

Hey who's hating? I don't hate. I just call'em like I see 'em. You wanna move to La Jolla, be my guest. I have norcal property too, up near Quincy, not big thing. Dig monster? You gotta learn to punish the streets in style, son.

I've been there, pretty area.

Style? LOL I didn't get a sports car to look cool I got one to go fast.

Yea....dig monster, over powered coke can with AWD. As in I walk away at the starting line while you 'cool' style hounds melt em. Later this year when I FINALLY get my GTR? Game over man...game over!!

Behold the Corvette rapist....it's the only view yer gonna get
http://hd.wallpaperswide.com/thumbs/nissan_gtr___stunning_black-t2.jpg

 

[Que]

..and we hear from the brain trust! BobsDownSouth's personal adivsor on all matters of economics and mathamtics. The analyst that gave us this gem:

Does Q-Bert not understand that consumer confidence and economic growth can contribute increased oil production without a policy?

No, I still don't "understand" that. Care to elaborate?

Neglected? You have the most posts in this thread, genius.

Yes, neglected. By the host.

If I hadn't put in three times the effort he did this thread would have died an ignominious death a month ago.

You put the anal in analysis. Always with the post count as if that has some deep meaning. Responding to your meaningless posts 15 times is almost 15% of my posts. Pointing out that each and every one of BobsDownSouth's posts failed to address the point of his own thread accounts for 1/3 of the posts. Lamenting his neglect of the thread as it languished added another 10% or so. Discussing anything with Phrodeau is always an excessive in circular futility. Add in pointing out the irrelevancy of otherwise valid points raised on energy policy in general and you have 100 posts. Well you don't. That would exhaust you. I do.

 

[unregistered]

 

[phrodeau]

We're still waiting for a description of the specific Obama policies aimed at increased oil production and lower prices.

http://lmgtfy.com/?q=white+house+energy+policy&l=1

 

[Que]

http://lmgtfy.com/?q=white+house+energy+policy&l=1

That brings up this:

What part of "building a foundation for a clean* energy economy" is the part where you increase the availability of and usage of oil?

The only slide that speaks to increased oil production doesn't overtly admit we are using more oil, it simply states that we now less dependent on foreign oil. Even he doesn't try to take any credit at all for that.

*You will notice they are no longer even trying to sell the pipe dream of "clean energy" since this country cannot run without fossil fuels and they know that. Instead he changed the word to "clean" to suggest that putting coal out of business (with no alternative in place) is "cleaning" things up. Since the utility companies have to produce power and coal still has to be used, they will still pollute, they will just pay the fines and pass the cost on to their consumers.

 

[phrodeau]

Is that as far as you read? Was the print too small for you?

 

[JohnnySavage]

That brings up this:

What part of "building a foundation for a clean* energy economy" is the part where you increase the availability of and usage of oil?

The only slide that speaks to increased oil production doesn't overtly admit we are using more oil, it simply states that we now less dependent on foreign oil. Even he doesn't try to take any credit at all for that.

*You will notice they are no longer even trying to sell the pipe dream of "clean energy" since this country cannot run without fossil fuels and they know that. Instead he changed the word to "clean" to suggest that putting coal out of business (with no alternative in place) is "cleaning" things up. Since the utility companies have to produce power and coal still has to be used, they will still pollute, they will just pay the fines and pass the cost on to their consumers.

Because we are using less?

Well... before you google and qualify your post, we are using less than we were between 1995-2010.

How about those CAFE standards the evil government mandated!

 

[Que]

Because we are using less?

Well... before you google and qualify your post, we are using less than we were between 1995-2010.

How about those CAFE standards the evil government mandated!

Conservation is of course a good idea and you are right it can and has reduced our dependence on foreign oil slightly.

Becoming the world leader in oil production is a bigger factor, though.

High gas prices had a major effect on conservation efforts including the acceptance in the marketplace of hybrids and more efficient platforms.

Will we use less oil at $2 a gallon than $4? I kind of doubt it.

 

[BotanyBoy]

Corvette v GTR proves all glory is fleeting:

https://www.youtube.com/watch?v=T0Q7Iyj3ztw

https://www.youtube.com/watch?v=UpKjM3ArBS8

https://www.youtube.com/watch?v=9a4ej3LDJq4

Here's how to go fast, son:

https://www.youtube.com/watch?v=Dq3gwmBkFY8

LOL 9.4??? I've built Civics that do better than that slow ass shit, like 10 years ago. Kenny Tran was doing 9.0's in like 98'....FWD holdin' it down.

Street GTR's run 7's at over 200mph old man...

https://www.youtube.com/watch?v=gn6Bc6loarQ

Do keep up, fastest car out there tearing down boosted Vayrons, UGR Lambo's, blown snakes and yes boosted uber vettes, none of them can touch it. You will have your shot in 2015 again but considering they can't get a vette with enough power to compete to hook up, I don't think Chevy will be taking home "king of the streets" titles till they build an AWD platform. It's THAT big of an advantage.

 

[unregistered]

 

[rippitydoo]

so you are aiming to become a retarded genius?

Self-contradictory phrase, which in this case can only be used to describe a person that does not exist...

...Which may be the reason you were nice by remaining simply a retard, so we don't have to waste more breath (if we were speaking this aloud) when describing you!

Or maybe it's b/c you're so stupid, you didn't realize before posting it the phrase was self-contradictory, & described something non-existent!

THAT would also explain why you didn't realize the blatantly-obvious (to all of the non-retards here) that most of what you post in your innumerable anti-Obama posts & threads is/are also blatantly & obviously untrue!

Never mind; I retract my thanking you for making things easier on us, since I realize you were doing it due to being stupid, not because you were being kind.

 

[Que]

Still no relevant discourse on the subject from our beneficent host?

As far as I know he hasn't had any energy policy changes the last couple of weeks, Oil is up 6% today, Is that now his fault?

 

[NeverEndingMe]

just another obama retard


thank god you have welfare

Self-contradictory phrase, which in this case can only be used to describe a person that does not exist...

...Which may be the reason you were nice by remaining simply a retard, so we don't have to waste more breath (if we were speaking this aloud) when describing you!

Or maybe it's b/c you're so stupid, you didn't realize before posting it the phrase was self-contradictory, & described something non-existent!

THAT would also explain why you didn't realize the blatantly-obvious (to all of the non-retards here) that most of what you post in your innumerable anti-Obama posts & threads is/are also blatantly & obviously untrue!

Never mind; I retract my thanking you for making things easier on us, since I realize you were doing it due to being stupid, not because you were being kind.

 

[rippitydoo]

just another obama retard


thank god you have welfare

Whereas you had the smarts to leave the quoted message about (& in the latter case, to) yourself before quoting me, the more-intelligent one of us.

 

[Disgustipated]

Whereas you had the smarts to leave the quoted message about (& in the latter case, to) yourself before quoting me, the more-intelligent one of us.

Quoting it hardly makes you seem intelligent.

 

[KingOrfeo]

I've been there, pretty area.

Style? LOL I didn't get a sports car to look cool I got one to go fast.

Yea....dig monster, over powered coke can with AWD. As in I walk away at the starting line while you 'cool' style hounds melt em. Later this year when I FINALLY get my GTR? Game over man...game over!!

Behold the Corvette rapist....it's the only view yer gonna get
http://hd.wallpaperswide.com/thumbs/nissan_gtr___stunning_black-t2.jpg

Corvette v GTR proves all glory is fleeting:

https://www.youtube.com/watch?v=T0Q7Iyj3ztw

https://www.youtube.com/watch?v=UpKjM3ArBS8

https://www.youtube.com/watch?v=9a4ej3LDJq4

Here's how to go fast, son:

https://www.youtube.com/watch?v=Dq3gwmBkFY8

*sigh* Has anybody got a tape measure?

 

[rippitydoo]

Quoting it hardly makes you seem intelligent.

I did that so "NeverStartingIntelligence" couldn't later claim to not know what I was referring to.

Also, I don't need to make myself seem intelligent with every post; Simply smarter than NME, which takes very little & (in my case, at least) has already been done to the majority of those participating the thread.

 

[BotanyBoy]

The two in the first two vids didn't.

Sorry *shrug* fastest street car currently doing the damn thing is no longer the UGR Gallardo but the AMS GTR....the closest corvette is a full second slower and FWD is like 4 seconds behind worrying about their MPG.

RWD/FWD just can't keep up without slicks, tube frame and wheelie bars. For balls out drag/highway racing anyhow, road racing aka REAL racing is any drivers run, I've seen 300hp civics ass rape super cars just because a well set up 1800lb CRX on R comp tires and a 10,000 dollar suspension in a twisty enough course is like fucking unstoppable.

AWD+ flat shift tiptronic transmission = owns the streets man.

They can try again in 2015 and if a C7 burns everyone's ass around the circuits this spring/summer I'll buy one of those instead but.......they got a considerable gap to make up and it's in all in the fist several hundred feet of the race, every, single, time.

Chevy needs to quit being so fucking conservative and traditional. If they wanted to fucking destroy everyone with a C8? That fucker needs a 60,000 AWD flat shift transmission that can take a 3,000hp beat down on the reg, a nice blower and it would fucking SLAUGHTER EVERYONE.

But they wont....prob still using fuckin' push rods.

*sigh* Has anybody got a tape measure?

Sorry you're not a car guy......But the Chevy vs imports rivalry is old and runs deep in the veins of every M'urican gear head on the block in the past 30-40 years. Corvettes, T/A's, Z28's and Cobras leading the pack on the M'uricuh troop, the import guys rolling Supras, GTR's, Z's and RX7's. The only escape from it is to leave the US and anywhere Chevy has ever been sold.

 

[Que]

I like American iron. Before 1972.

 

[Busybody]

so a couple of weeks ago

Obama said about gas prices YOU WELCOME

whats he gonna say NOW?

 

[cowslinger64]

They're still much lower than they were... 2.10 here in the motor city.

Thanks Uncle Obama we you!!!

 

[phrodeau]

They're still much lower than they were... 2.10 here in the motor city.

Thanks Uncle Obama we you!!!

Who knew. Michele Bachmann promised us $2 gas, then she left office and it happened.

http://img.wonkette.com/wp-content/uploads/2015/01/bachmann-2-dollar-tweet.jpg

 

[JohnnySavage]

NEW YORK (AP) — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.

For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country’s main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week.

If this keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” by mid-April and send the price of crude — and probably gasoline, too — plummeting.

“The fact of the matter is we are running out of storage capacity in the U.S.,” Ed Morse, head of commodities research at Citibank, said at a recent symposium at the Council on Foreign Relations in New York.

Morse has suggested oil could fall all the way to $20 a barrel from the current $50. At that rock-bottom price, oil companies, faced with mounting losses, would stop pumping oil until the glut eased. Gasoline prices would fall along with crude, though lower refinery production, because of seasonal factors and unexpected outages, could prevent a sharp decline.

The national average price of gasoline is $2.44 a gallon. That’s $1.02 cheaper than last year at this time, but up 37 cents over the past month.

Other analysts agree that crude is poised to fall sharply — if not all the way to $20 — because it continues to flood into storage for a number of reasons:

— U.S. oil production continues to rise. Companies are cutting back on new drilling, but that won’t reduce supplies until later this year.

— The new oil being produced is light, sweet crude, which is a type many U.S. refineries are not designed to process. Oil companies can’t just get rid of it by sending it abroad, because crude exports are restricted by federal law.

— Foreign oil continues to flow into the U.S., both because of economic weakness in other countries and to feed refineries designed to process heavy, sour crude.

— This is the slowest time of year for gasoline demand, so refiners typically reduce or stop production to perform maintenance. As refiners process less crude, supplies build up.

— Oil investors are making money buying and storing oil because of the difference between the current price of oil and the price for delivery in far-off months. An investor can buy oil at $50 today and enter into a contract to sell it for $59 in December, locking in a profit even after paying for storage during those months.

The delivery point for most of the oil traded in the U.S. is Cushing, a city of about 8,000 people halfway between Oklahoma City and Tulsa at an intersection of several pipelines. The city is dotted with tanks that can, in theory, hold 85 million barrels of oil, according to the Energy Department, though some of those tanks are used for blending or feeding pipelines, not for storing oil.

The market data provider Genscape, which flies helicopters equipped with infrared cameras and other technology over Cushing twice a week to measure storage levels, estimates Cushing is two-thirds full.

Hillary Stevenson, who manages storage, pipeline and refinery monitoring for Genscape, says Cushing could be full by mid-April. Supplies are increasing at “the highest rate we have ever seen at Cushing,” she says.

Full tanks — or super-low prices — are not a sure thing. New storage is under construction at Cushing, and there are large storage terminals near Houston, in St. James, Louisiana, and elsewhere around the country that will probably begin to take in more oil as prices fall far enough to cover the cost of transporting the oil.

Also, drillers are cutting back fast because oil prices have plummeted from $107 a barrel in June. And demand is showing signs of rising.

While the Energy Department reported another enormous rise in crude stocks last week, up 8.4 million barrels from the week earlier, it also reported that diesel and gasoline supplies fell more than expected. That leads some to conclude that demand for crude will soon pick up, easing the surplus somewhat.

But many analysts believe oil prices will fall through the spring, before summer drivers start to relieve the glut.

___

Jonathan Fahey can be reached at http://twitter.com/JonathanFahey .

http://wtop.com/business/2015/03/us-running-out-of-room-to-store-oil-price-collapse-next/

 

[rippitydoo]

NEW YORK (AP) — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.

That works for me... I'll buy a Hummer to drive out to Beverly. (Hills, that is.)

 

[RobDownSouth]

From January 2015

$45 dollars a barrel this morning.
God Bless President Obama.

$36 dollars a barrel this morning.
Lowest price since 2004.
God Bless President Obama.