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Old 03-17-2011, 12:20 PM  
HonestChieffan HonestChieffan is online now
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Liar in Chief....called out

Top 3 Myths in Obama’s Lecture on Gas Prices
http://www.americansolutions.com/dhd...gas-prices.php

Good links at the website..

President Obama held a press conference today to discuss rising gasoline and oil prices. Gasoline at the pump now costs an average of $3.50 per gallon nationwide, and experts project prices to eclipse $4 per gallon this year, possibly by the beginning of the summer driving season.

But instead of providing a solution that most of America wants — more domestic drilling — President Obama used his presser to recite misleading talking points to justify his anti-energy policies, arguments that have all been thoroughly debunked.
Here are the three biggest myths from President Obama’s remarks this afternoon:
“We can’t escape the fact that we control only 2% of the world’s oil.” This is a common refrain among anti-drilling Democrats and environmentalists, and it’s repeated enough that many people accept it as true. In reality, it’s 100% false. The number comes from a highly conservative estimate from the Energy Information Administration totaling America’s proven reserves where we are already drilling. It does not include the 10 billion barrels available in the Arctic National Wildlife Refuge. It does not include most of the 86 billion barrels available offshore in the Outer Continental Shelf, most of which President Obama has placed under an executive drilling ban. And it does not include the 800 billion barrels of oil we have locked in shale in Wyoming, Utah, and Colorado. Those shale resources alone are actually three times larger than the proven reserves of Saudi Arabia, so the claim that the U.S. only has 2% of the world’s oil is clearly false.

“Industry holds leases on tens of millions of acres both offshore and on land where they aren’t producing a thing.” President Obama adds to this whopper by saying he wants to “encourage companies to produce [on] the leases they hold.” While this sounds like a common sense fix, it’s actually just blind rhetoric reserved only for people with a shocking ignorance of drilling. You can read more about this here and here, but it basically boils down to this: A lease is for exploration and production, not just production, and because oil is not equally distributed across the globe, one parcel of leased acreage may not hold any oil. Moreover, due to the circuitous and needlessly complicated permitting process, it can take years for companies who own a lease to complete their exploration activities. To get to the production phase, it could take as long as ten years. Ironically, President Obama wants to tax companies for not producing on their leases, even if the federal government’s refusal to grant permits is the reason why those companies are not drilling.

“Last year…our oil production reached its highest level in 7 years.” This is pure spin. President Obama is deliberately trying to take credit for actions unrelated to his policies. The increased level of production is due to the actions of previous administrations and production in the Dakotas where most drilling is occurring on private land. By contrast, the Energy Information Administration projects that there will be a decline in production of 220,000 barrels of domestic oil per day in 2011, and in 2012 America will produce 150 million fewer barrels in the Gulf of Mexico, all because of President Obama’s policies to discourage or ban domestic drilling. In addition, President Obama’s drilling moratorium (and subsequent refusal to issue drilling permits) has forced at least 7 rigs to leave the Gulf and sign contracts in other countries, taking much needed jobs and revenue with them.

As gas prices skyrocket, Americans are reminded every day that the federal government’s refusal to allow responsible domestic drilling can have an incredibly destructive economic impact. Instead of trying to fix this problem, the Obama administration has worked every day to make sure that America produces less oil and has to rely more on OPEC for our energy needs.

No amount of White House spin or misleading talking points can change that tragic fact.
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Old 03-17-2011, 12:28 PM   #2
durtyrute durtyrute is offline
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Remind me again, why in the hell are we still on oil?
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Old 03-17-2011, 12:35 PM   #3
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Originally Posted by durtyrute View Post
Remind me again, why in the hell are we still on oil?
Because oil companies and their execs keep buying off our politicians.
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Old 03-17-2011, 12:37 PM   #4
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Originally Posted by durtyrute View Post
Remind me again, why in the hell are we still on oil?
Because it is still the most efficient and economically-viable method of powering our vehicles.
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Old 03-17-2011, 12:38 PM   #5
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Quote:
Originally Posted by Mr. Kotter View Post
Because oil companies and their execs keep buying off our politicians.

and pixie dust has not created a new source of energy to replace internal combustion engines....
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Old 03-17-2011, 12:52 PM   #6
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Quote:
Originally Posted by Mr. Kotter View Post
Because oil companies and their execs keep buying off our politicians.
Quote:
Originally Posted by Donger View Post
Because it is still the most efficient and economically-viable method of powering our vehicles.
Hmmm. One of these responses doesn't sound moronic.
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Old 03-17-2011, 01:13 PM   #7
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Quote:
Originally Posted by HonestChieffan View Post
and pixie dust has not created a new source of energy to replace internal combustion engines....
Yet....
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Old 03-17-2011, 01:17 PM   #8
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Originally Posted by durtyrute View Post
Remind me again, why in the hell are we still on oil?
You don't have to be so go ahead and change.
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Old 03-17-2011, 01:17 PM   #9
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Quote:
Originally Posted by Jaric View Post
Yet....

Republicans cut funding for pixie dust development too
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Old 03-17-2011, 01:18 PM   #10
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You don't have to be so go ahead and change.
Great answer, CF.
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Old 03-17-2011, 01:23 PM   #11
Jaric Jaric is offline
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Originally Posted by HonestChieffan View Post
Republicans cut funding for pixie dust development too
Souless bastards...
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Old 03-17-2011, 03:43 PM   #12
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I would think that with the resources we have and, the technology now available, we could be completely independent for the energy used in the united States.



I’m just not sure all of the poor people from the bottom 80-90% of the wealth pie chart are willing to give up their privately owned vehicles to get there.
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