Gasoline up 100% under Obama

[xUT]

So who then is the savior of our country to be in 2012 ?

Malik Zulu Shabazz

 

[Ms Tree]

And let the Trump-bashing begin. Looks like the Libs have someone else to fear !

OH gees. Does an original thought ever pass between your brain cells? Go ahead and run him. Hell, run him with Palin and Bachmann, toss in Romney and Huckabee while your at it. See where it gets you. No one is afraid of them. They would virtually assure a second term for the Dems. May be they just want you to think they are afraid so you will run them. Dems are sneaky like that. You need to watch out for them.

 

[delldude]

OH gees. Does an original thought ever pass between your brain cells? Go ahead and run him. Hell, run him with Palin and Bachmann, toss in Romney and Huckabee while your at it. See where it gets you. No one is afraid of them. They would virtually assure a second term for the Dems. May be they just want you to think they are afraid so you will run them. Dems are sneaky like that. You need to watch out for them.

Duh......Trump and Palin pulled 64%, 30 points above the Big O.

 

[Ms Tree]

Go for it.

 

[Dog Wonder]

So who then is the savior of our country to be in 2012 ?

You only need a savior if you are lost.

 

[delldude]

You only need a savior if you are lost.

I know how to use a compass.

 

[Dog Wonder]

I know how to use a compass.

Every time it points left you turn around.

Right, right, right, right.

You go in circles, but never get anywhere.

 

[SparrowHawk]

Larry Kudlow
The Left Hates Oil Companies

When oil prices blew sky high in 2008, ExxonMobil paid $36.5 billion in income taxes, $34.5 billion in sales taxes, and $45 billion in other taxes, for a total of $116.2 billion in taxes paid and collected in 2008.

That’s according to Mark Perry at the Carpe Diem blog.

Exxon will report earnings later this week. And while oil prices aren’t quite as high today as they were three years ago, it’s all a bit like 2008.

I read somewhere that either Exxon or the whole oil industry pays more in taxes than the bottom 50 percent of the whole income-tax system.

So while president Obama is out there ragging on oil companies to remove so-called tax subsidies, it’s odd that he doesn’t mention how much in taxes the energy firms actually pay to Uncle Sam.

There’s a laundry list of tax credits that go to oil, both large and small firms. Basically, these tax credits allow for the expensing of high-risk investment. That’s what this is about.

Of course, if you really wanted to stop expensive subsidies, you’d kill the ethanol subsidies that have a big carbon footprint and drive corn and wheat prices sky high.

But the liberal-left progressives hate oil and gas companies, period.

That’s really what all this is about.

Ironically, besides the usual plea for wind, solar, and biofuels -- which amount to virtually nothing in terms of our energy use -- the president does include natural gas. But natural gas is produced by oil and gas companies.

And you have to drill for it.

Therefore, oil expenses in the whole drilling process -- including leases, permits, geology research, and dry holes, and then drilling, producing, lifting, and ultimately refining for sale -- should be 100 percent expensed.

So it would be great if the president understood that you have to drill for natural gas.

It also would be great if the president and his pals, instead of harping on a measly $4 billion a year in so-called subsidies (compare that with a $1.5 trillion deficit), focused on real pro-growth corporate-tax reform that drops the rates and includes permanent 100 percent expensing.

That’s pro growth.

That’s tax reform.

That will create more oil, more natural gas, and more gasoline.

That would probably stabilize prices, assuming the Fed doesn’t totally destroy the dollar

That would generate millions of new jobs and lower unemployment.

And that would be a good policy.r.

If you don't buy what the author says come on up North and check out the oil boom in Western North Dakota. A state with a 3.8 unemployment rate and a $400 Million Dollar Budget SURPLUS. It would also be prudent to note that North Dakota is home to one the worlds largest wind farms. Why? Well first there's a lot of wind and secondly it doesn't take a quarter century to get things approved.

Truth is the Globalists like Obama don't want the US to be energy independent. We possess enough untapped reserves of Coal, Natural Gas, Oil along with Hydro, Geo Thermal, Nuclear, Solar and Wind to provide for the USA for close to 100 years.

Also don't even mention the Fracking process being a hazard to Groundwater.

The depth of the Ogallala varies with the shape of then-prevailing surface, being deepest where it fills ancient valleys and channels. The Ogallala Formation consists mostly of coarse sedimentary rocks in its deeper sections, which transition upward into finer-grained material.

The Ogallala Aquifer, also known as the High Plains Aquifer, is a vast yet shallow underground water table aquifer located beneath the Great Plains in the United States. One of the world's largest aquifers, it covers an area of approximately 174,000 mi² (450,000 km²) in portions of the eight states of South Dakota, Nebraska, Wyoming, Colorado, Kansas, Oklahoma, New Mexico, and Texas.The water-permeated thickness of the Ogallala Formation ranges from a few feet to more than 1000 feet (300 m) and is generally greater in the northern plains.[4] The depth of the water below the surface of the land ranges from almost 400 feet (122 m) in parts of the north to between 100 to 200 feet (30 to 61 m) throughout much of the south. NOTE: Much of the oil and natural gas is under this aquifer

At best the aquifer extends 3000 feet below the surface and the Fracking process takes place to around 12,000 feet, Saw T Boone Pickens on C-Span who claims he's been fracking over 5000 wells since the 1950's and has yet to have one contaminate groundwater. The Dimrock situation in Lycoming, PA where 14 homes had contaminated groundwater after drilling/Fracking took place now appear to have been caused by Seismic Activity. A fact that won't be disclosed by the likes of the Huffington Post

Energy Independence is far more important that 14 homes ending up with contaminated wells to halt extraction. This is especially true given the fact it's at best unclear what caused the contamination. We NEED a President who will lead us to Energy independence and fiscal responsibility. I believe Ron Paul is such a man. The current Hero of the Stupid couldn't organize a one car funeral

 

[delldude]

Last time I checked its a free market society and I dont see the White House telling the oil companies what price to sell their products for.

And maybe if they built capacity into refineries since one hasnt been built in over 20 years, yet demand is higher.

Good point, its just they tell them they can't drill for it....

 

[dapoes]

 

[SparrowHawk]

Looks like we are in for a market correction just in time for summer. Prices are now predicted to drop to the $3.50 range. Let's see where we are in 2012 around this time

 

[Ms Tree]

As far as I am concerned this is the correct price if not a little on the low side. Consumption has already dropped a few percentage points. If it goes back down people are just going to go back to their old wasteful ways and the gas guzzlers will come back out. It is going to increase/extend our dependance on foreign oil and nothing will change.

How exactly do low fuel prices help with your idea of breaking our dependance on crude?

 

[delldude]

As far as I am concerned this is the correct price if not a little on the low side. Consumption has already dropped a few percentage points. If it goes back down people are just going to go back to their old wasteful ways and the gas guzzlers will come back out. It is going to increase/extend our dependance on foreign oil and nothing will change.

How exactly do low fuel prices help with your idea of breaking our dependance on crude?

There's more frigiin' oil out there than you can shake a stick at, and when thats done, you can convert to natural gas.

I suppose high oil prices are good for what? Busting your bank account and prosperity?

 

[xUT]

There's more frigiin' oil out there than you can shake a stick at, and when thats done, you can convert to natural gas.

I suppose high oil prices are good for what? Busting your bank account and prosperity?

That is the conundrum. keeping high fuel prices drives up the costs of 'everything' and this economic bump will turn into a sink hole PDQ.

 

[delldude]

That is the conundrum. keeping high fuel prices drives up the costs of 'everything' and this economic bump will turn into a sink hole PDQ.

I know this and hope Amerikans won't hold the greatest Black President, since Bill Clinton ...responsible for high food and fuel prices and unemployment and inflation and the soaring debt and ruining our status all over the world and bailouts and killing the economy and did I miss anything?