Market Currents
"We can't just drill our way to lower gas prices when we consume 20% of the world's oil,"...
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Saturday, March 10, 2012, 3:39 PM ET"We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more."
This news story has 451 comments:
McCain was so insignificant he ran against Bush in the last election, all the while benefiting from his policies. The man is a joke.
Yet . . . this country is rich with coal.
So why aren't we developing coal technology?
Again . . . Obama hates coal.
dug a much, much deeper hole than Bush left us with.
Anything, other than another 4 years of Obama, will be an improvement. Let's face it, we just can't afford Obama. Obama is fiscally reckless.
He is a pathetic and classic example of the "Peter Principle."
We just discovered and are drilling in some of the most lucrative nat gas and oil fields in modern history.
So hell yeah, drill drill drill. We have our own resources.
Pelosi and Kerry said that if we drilled in Anwar, it would take 10 years for it to have an impact on the market. They said that in 2001.
So what exactly has happened under Obama other than phony money shifting policies and forcing everyone to trade stocks instead of save money?
Please tell me what policy from Bush he has ended?
And like BP's oil spill in the gulf, it was shocking BP had no real method of cleaning it up and we spent weeks watching the news while the oil guys were like "well, we don't know; can't cap that well, now way, no how" ---- we would like to trust that those in charge know what they are doing, and they don't --- just blinded by $$$!! Just be responsible!
http://bit.ly/wmHMS3
http://bit.ly/w53290
and from above
"GOP hadn't decided in 2009 to make it their number one priority to make Barack Obama a one-term president by doing or not doing everything and anything toward this goal, we'd be in better shape! "
The point of stimulus imposed by experts is that it helps right away. What good is stimulus if it takes longer than the markets forces its supposed to replace? The argument that things would have been worse had we not done it is a specious argument. There is no way to prove such a claim. Do you invest in companies that are loosing money, and the respsonse from management is that they deserve bonuses and credit, because the losses would have been worse had they not be in charge?
And that gift is Hitleresk !
As has been said in another context -- You pays your money and you takes your choice.
PS I used uncle Joe above an Mau too ! He fits all 3 !
What's worse, is what incentive does the tyrant have to carry out the promise of nonagression, once that tyrant has power over others?
As Madison said, "If men were angels there would be no need for gov, and if angels ran the gov, there would be no need to limit it." All we have are human beings, and until human beings are omniscient they will be driven by the instinct of producing or stealing to survive, it all depends on which one costs less. Force makes stealing very cheap. Gov has a grant of force, as such it is very cheap for people in gov to steal. That's why you place limits on gov, so as to make sure its force can only be used against illegitimate force in private transactions. If you remove those limits, then gov will become the source of force and theft, and it will need fraud to cover up those crimes. Was it Voltaire that said, "once you convince people of absuridities, you can commit all sorts of atrocities against them".
Excellent comment for big government cheerleaders to absorb if they can. There is a direct relationship between the control one can exert in every aspect of their life AKA freedom and the size and pervasiveness of big government. This is unavoidable logic.
But remember, the Obama administration had given the deep water horizon a safety award a few months prior to the accident, so it goes to show the Dept. of Energy is just as inept as the management of BP was.
This administration doesn't understand that bankruptcy doesn't mean, out of business, it means, regroup and try again. That is what Mitt Romney is has been saying.
GM wouldn't go out of business, we threw 50 billion at it to save it from bankruptcy, and it went bankrupt anyway! So let the market bottom, let the weak be devoured by the competition and let the markets work. When a company goes under its for good reason, and someone is always there to take its place.
Kodak? Sorry, you didn't keep up with market trends, and you think printers are going to save your company...say good bye, sad but it has to happen. 5 companies have already stepped in to replace it.
In addition, if anyone in senior management would have had any knowledge that shortcuts were being taken they would have stopped work immediately. There is no way BP wants this kind of publicity and this kind of accident on their watch. Come on, would you? After all BP is run by people that were born and raised in the GOM. And I've seen them do it.
Yes, something broke down. Some person or persons did not do their jobs and someone needs to be held accountable. But to call for BP to be banned from drilling is overreach endemic of our polarized society.
Given the scope of the spill, millions of gallons remain at the bottom, frozen an blanketing the sea floor.
Like I said, pure hate.
Why would you defend such negligence? It doesn't seem to me that you care at all about loss of life or environmental concerns. I am not a liberal or a environmentalist, but I do know that blind faith in industrial companies is retarded.
Let me put forth a real analogy.
Remember the last shuttle explosion? The shuttle launched and took a hit on the wing by a piece of frozen foam at about Mach 6. Now, would it be reasonable to assume there was damage to the wing? Ok, now was it reasonable to just bring them home without inspecting for damage first? No one was fired, or retired, or anything! They were rocket scientists...real geniuses devoid of common sense. If a bird can bring down a jet liner...a chunk of ice will put a hole in the wing. STUPID NEGLIGENCE.
Now, BP is drilling in water so deep, it hard to even get a robotic submarine in there. In fact, they had no way to repair a damaged pipe. They had absolutely NO PLAN, to cap a well at that depth, they had NO PLAN to install a backup shut down valve, and NO PLAN on how to seal the well with concrete.
Instead, we got 6 months of...well lets try this...lets try that...never been done before...hmmmm...
ARE YOU KIDDING ME!?
OK, heard your laugh.
Just now heard that the Senate passed a transportation bill, passed by both GOP and Dems together -- finally! The news talk is that because it's an election year the GOP doesn't want to go down as the party of "No"! But that Boehner stilll has his work cut out trying to get the tea party House members to go along. What else is new?
I am not a tea party...in fact, I think they are a joke at this point. I am completely disillusioned with their brand of "politics". I believe they have the mentality of forcing their way, and unfortunately the democrats are schooling them in politics 101. They are all 1st time amateurs and its to their detriment.
So, what's good, stockwise that is? I got royally messed today. I have a few specs that I am hoping will move up. Taking risks but too impatient. From your bio looks like you began recently investing as I have. Maybe I wouldn't have done as well if I hadn't started after the market crashed. It's moving further ahead now that is difficult.
The enemy to all Americans is bipartism or to put it clear COMPROMISE ! Yes the idiots wheeled an make deals an passed a BILL. But it's incredibly flawed as are most every BILL .
Now, nothing is ever done correctly. NOTHING.
The founders had a serious dilemma. They knew democracy was just as bad as the Monarchy they were fighting against. They struggled to form a REPUBLIC an there is a huge difference.
Many citizens don't vote and as many don't have the time to have all the facts needed to properly vote. Thus, the representatives must act on our behalf's. And, as we know they answer to there constituents locally and what is good for NY may not be good for Florida. Those people are hearded into one of the two groups by t/v commercial cheerleaders and that is 100% obviously by the comments on this thread. The facts being bantered back an forth are bogus soundbites on both sides.
Nothing is getting fixed an both parties must continue to deliver the goods to there constituents,so, nothing can be done right. Both parties are putting us deeper an deeper into the abyss. And, the nail in the US system is when the Dem's took the fail safe check an balance away from the State's by forcing the State's to elect Senators an not select them as the founders had designed. Now , a Senator can go against his own State an vote with his party and there are only two per State. Thus, because of the 60 vote mandate became almost godlike an hurt the very system the founders struggled to set up.
We either need to scrap the entire system or do as they recently did in Italy an scrapped their election an placed an autocrat as President ! He is against all sides an he has been given the authority to fix the economic situation.. Or else.. If he fails Italy collapses and they had to do it without an election.
The US needs to scrap one election cycle an install a king like autocrat who can do the right thing without crap from both sides.This way neither political group can demand the wrong things an call it bipartisn, Will it happen ?
NO !!!!!!!!!
So, the Fed will continue this horrific fiat game ,so, both Reps an Dems can keep spending an buying there votes ! And, your 1600 in dividends will drop and what you do get will buy less an less as the US dollar is being destroyed by plan.
There are two possible ways out of the US problem. One, inflate our way out or two destroy the dollar. There is a third as MASSIVE austerity,but, that is never going on the table as the democrats are convinced they can use debt an more debt to get out and both sides as you an phemale60 can agree that our politicos can compromise. Then on continuing to share new problems by each side putting in something for themselves.
SAD. Very sad !
Hugo, not doing well and in the early years before Chavez was a dictator he was in jail. Those times his family lived in te US an his kid worked for me in Queens NY and I was always treated like a king on my many trips to Venezuela. And as crazy as he is in 2011 Ven's stock market was up 34%. # 1
This year it's a different story..........
Oh well, that is what makes the world go around and the US bonds are screaming lower an will crush the mriets in there path. Good luck !
This is the error of the mentality of these countries where they believe someone one solution can come in, scrap everything and start all over.
You're thinking would be disastrous, this is why our country works, and Iraq and Venezuela and most of the rest of the world doesn't. Consistency and stability prevail always. Be patient, the right people will eventually come along.
Lets not deal in analogies, lets for a change try facts instead. Some facts which you seem to ignore.
1. As I said previously, obviously someone did not do their job. There is an engineer's signature on the paperwork and drawings. So either the engineer failed, the workers failed to do what was designed, or the operators failed to operate it as designed. The person(s) that failed to do their job should be held accountable. The company should compensate the victims. But, unless there is evidence of company wide negligence, idiots should not call for BP to stop operations in the gulf. If they do, some 50,000 US citizens (BP employees) will be effected that had nothing to do with this incident.
2. You've demonstrated no negligence. We live in a complex world. It is simply not possible to foresee everything. A company relies on its employees to do the right thing. They don't always do it. There are risks and tradeoffs in everything we do. For example, I pretty sure you do not drive the safest car in America. That would be the Presidents bulletproof limo. Why not? Why don't you drive the safest car in America? Don't you care for your family? Don't you care for your siginificant other? I really want to know. And if you ever have a car wreck I am going to want to know why you did not do the right thing and drive the safest car in America. See how this works and will eventually work against you just like they want it to work against BP.
3. Yes there have been some examples of management and company conspiricy. But guess what, every manager that I have ever met understands that being part of that conspiracy is really bad when it comes to science and people dying. No one, except a few deranged psychopaths, wants peoples death as a result of their actions. So I can guarantee you that no one said, "Lets kill some people this year by doing substandard work."
4. To demonstrate negligence you need to provide some or any proof that BP did not care about safety (you cannot), that BP had a policy to kill people as part of their standard operating procedure (they didn't) or some other shred of evidence that this was anything but a local failure.
All of these facts do point out that this call for them to cease operating in the gulf of mexico because they are idiots and negligent is just pure hate. I am sure you don't see it that way. After all, almost all public and college education is structured to indoctrinated people to feel good by hating corporations first and finding out the facts later, if at all. This is rule number one of socialism. The government is your friend and the evil corporation is the enemy. You been trained well and you've been trained that your feelings are more important than facts. Chairman Obama welcomes you.
FACT: the company had no contingency plan to cap the well other than the single fail safe valve that failed to seal properly from a pressure induced explosion at the well head.
If the company had acted responsibly, they would have planned and had the necessary equipment and technology to handle the problem, which they did not. The well spewed oil for months after the fact. You have no idea what you re talking about, other than blind faith in a company that had no technical expertise in what they were doing.
Sure they had a plan, someone failed along the line, but the policy and contingency plans are a company problem, not a personnel problem, you have no argument based on the evidence you suggest. Sorry bud, but if you work for the company that screws up, that's just too bad. Go work for Halliburton or Anadarko.
Why? See your no different than BP. You should be stopped from driving.
You don't drive a bullet proof car because you have made the risk tradeoff that the risk of a bullet entering your car is not worth the cost of the bulletproofing. The BP manager did exactly the same thing. No negligence, no irresponsibility, just a calculated risk. Life is full of calculated risks, you make them, I make them, we all make them. And sorry to ruin your little hate parade, but people die every day from these risk decisions.
So back to my point, wanting to stop BP from operation in the gulf is, in the end, just pure hate. Hate for 50,000 employees, hate for their children, hate for their parents, and hate for their economic well being. But I'm sure you feel good. All that matters to a good socialist is to attack 50,000 innocent Americans, to revenge the accepted risk taking of the 11 that died that day.
And if you read the reports, there were at least 6 noted failures that contributed to the catastrophe, including failure of the BOP stack. None of these failures were caused by the same person, same policy, or same manager and non failure by any one could have prevented or significantly reduced to impact. It was not negligence it was the risk of doing business.
We have come full circle and we are no different than King George. So in a sense we already have a dictator class or institution in WDC.
Benjamin Franklin
"A government big enough to give you everything you want, is big enough to take away everything you have." -- Thomas Jefferson
“The truth is that all men having power ought to be mistrusted.” - James Madison
The US is too far gone and the right people CAN'T come along. And I do think Mr Monti is trying his damnedest to fix Italy and had he campained to do what he is doing.......NOT a CHANCE,,
" full circle" SEE
Thank you, I accept what is from you a compliment.
Just shut me up. Explain why you don't spend your money on a bullet proof car. Explain why you put your family and loved ones at risk of being injured or killed when you can prevent it.
I have a female friend you'd like. Sandy is a great jazz singer, you know torch songs, Gershwin, Cole Porter, and also paints. True artist and tortured soul. Doesn't make much money but has her theater union to cover her medical, dental, etc. Funny how those shouting "socialism" are usually covered by some union, or medicare, social security. Did you know these programs were fought against tooth and nail by conservatives, and fought for successfully by liberals?
She follows the same script as you. I don't read her emails anymore; too depressing. She lives in a different world ruled by fear and loathing. I live by a different beat, rock n' roll forever!
I just saw conservative Rep. Oklahoma Sen. James Inhofe on the Rachel Maddow show, debating global warming. Sorry you missed it. Come to find out three of the biggest oil companies are donors to him. Kind of changes perceptions, don't you think? Best thing is that they argued with civility, and it was excellent.
As an aside, Oklahoma has more new green energy companies than any other state - go figure!
One last thing then I'm going to sleep. We are a two party system, maybe should be more but for now this is it. If we all thought the same - wouldn't life be boring? Who would you have to yell at and insult? LOL Happy investing. This market's HOT!
Especially if we are intent on destroying the economy then the math has no chance of working.
Some people just believe we have some divine right to succeed. I am sure the British were that arrogant before their empire declined dramatically.
Dont watch Rachel M it will only cost you money as you waste a valuable hour of your life. And you will be only more stupid then when you started watching it. I don't watch any of them except for a few minutes and then I move on with life and do something real.
Yes, I have about a 10% yield on my portfolio this year, and it's from decent companies. No one in financial trouble, on about 12K invested. I figured since last year, growth didn't work, I will go for the divies to line my pockets at the end of the year.
"To err is human" ... I'm sure we're all familiar with that quote. That is what we do. It is our very nature. History has proven over and over that everywhere modern man goes, he screws up, destroys things, costs people their lives, etc. ...and not always by a blatant error, but more often simply by poor judgement. We lack the foresight to see every possible implication of the things we do and even when the ramifications may be very obvious (such as with BP) the people made a poor decision at the risk of a catastrophe. That is hardly justification to ban BP from drilling in the gulf. Look at the Exxon/Valdez oil spill. Same deal there. Even more recently with Fukushima. The only errors they made were that they didn't anticipate the very real reality of potential natural disasters great enough to topple their reactors and because of that, they didn't have appropriate contingency plans in place. Contingency plans ... same deal with BP. Why? Likely because it was unprecedented and contingency plans can be very expensive.
You can't ban a company because they have an employee who was actually human. If a decision had been made at BP headquarters to move ahead with some action that caused this event, knowing full well what the potential implications might be, then I might buy the ban. But there is no corporate conspiracy here. A couple of people are guilty of being human.
Now take Enron, the mortgage meltdown on Wall St. and the MF Global debacle, I would submit that there absolutely is collusion and conspiracy there. But we didn't punish those companies ... quite to the contrary, we bailed Wall St. out and they went back to their misguided ways and collecting exorbitant bonuses. Really .... ban them? You can't be serious.
~Very true. aAnd I would agree that it is certainly the responsibility of BP to have those contingencies in place to support their operations. But continuing on that thought, doesn't DoE regulate all of the drilling, approve permits, etc? How can they be absolved of awarding a permit and never having required to see plans of how these different disaster scenarios were going to be dealt with?
Regulators gave them a permit, and I in no way shape or form, gave any credit to the DoE for anything, in fact, I pointed out they had given the Deep Water Horizon a safety award, which show they were just as incompetent.
Banning a company from doing futher business because they caused billions in damage to ecology and tourism in multiple states is absoultely a prudent thing to do. Then, they must tell the other companies to demonstrate how they plan to prevent such a disaster from taking place. BP no longer has a stake in the game, and several other companies have stepped in to take its place, nothing has been lost by it.
Does an oil rig employ thousands? No, there are not "thousands" of jobs in deep water drilling by BP. Those jobs can be moved into land drilling where there is a boom across mulitple states.
Simply wrong again. You really should refrain from talking about things you know nothing about. Most of the jobs that support the offshore rigs are on-shore. And it takes about 40,000 of them to support the drilling and production in the GOM.
You only know what those idiots want you to know and that is not much.
We agree to disagree, nothing more to be said about it, you can't convince me with your weak arguments about BP. So stop trying.
http://bit.ly/GzPvwM
Used to like Greta on Fox until she screwed around with her face! I liked her talking out of the side of her mouth, and she's somewhat fair, but she tried to prettify herself and lost her credibility. Suppose you like O'Reilly, Rush, Beck and all those twisters of truth. What a bunch of blowhards!
Oh, by the way, did you hear the Queen of Mean Ann Coulter called Sarah Palin "Charlatan" --- What the heck is happening to the GOP. IMPLODING!!!!!!!
Palin is a charlatan, and she knows nothing about anything. I held my nose to vote for that slapstick of a ticket.
Morning Joe, I watch that just to see what the lies the other side has to say about Romney, and boy do they lay it on him thick! Their rhetoric is 100x worse than anything on Fox, sorry to say, even though Fox is pretty biased themselves, however they are the lone voice for conservatives in a sea of communists!
Seriously, what do conservatives have? One newspaper, a tv channel and the rest is on AM radio. That is up against every major news network and at least 6 major liberal cable channels. So to talk junk about Fox is just picking on the new kid.
Overall however government has become unsustainably large and something is going to be cut just like in Greece, etc. Certainly defense has to come down. From there it is one big arguement as someone is going to get their cheese moved.
You need to go back to typing letters for your boss. Cable news is not meant to inform it is meant to suck you in and consume your time as they get ratings and advertising dollars. You can read much more in a fraction of the time on the internet.
I don't have time for it. I really don't care who is on. Left or right it is not an effective way to be informed.
See again you don't care to understand, just hate. I never said we did not need regulations, nor did I say there should not be consequences, nor did I say we should deregulate. I simply made the point that hating a company and calling for it to cease operation, in the GOM in this case, was simply indoctrination induced hate. It is hate without concern of the people that make BP one of the great companies in the world. Yes, they made some errors and they need to be held accountable for those errors. But we do not need to destroy them.
We do need to be objective and thoughtful about understanding risk and reward (which is no longer taught as part of the youth indoctrination). Anyone that does not want BP drilling in GOM should just stop using gas related products. Period. We don't need more regulations or more government inspections (that don't work). If enough people quit using the products, BP will quit drilling for them. Simple and effective.
However, what most opponents here do not want to admit is that society has made the risk/reward decision that drilling for oil and suffering the risks for the lifestyle we have is worth it. So a few that want to destroy that lifestyle keep this illogical hate mantra going simply to support their feelings. They need to be called on it, because they refuse to understand that without BP (and others) and oil there would be no iPads, iPhones, twitter, nascar, NFL, NBA, NCAA, etc. etc. etc.
Wealth only comes from 3 places; conversion (manufacturing), agriculture, and mining (oil). America's enemies are quickly destroying our ability to create wealth by their attacks on these 3 industries.
No am I am not a mormon, but every religion has its wacky beliefs. I find it funny that one religion criticizes the others for their "wacky" beliefs.
It goes on and on, who's beliefs are wackier than the other? They are all just as whacky!
If you want to believe a 6 headed monster is going to come up from the earth to lay waste to the land, and everyone who is righteous will disappear, and if you believe in some guy called the anti-christ who will fool us all into going to war (happens every 4-8 years). Arrmageddon, give me a break! Might as well believe in ghosts and goblins, magic should be real too. Do you believe in magic? Tooth Fairy? Santa Clause? You believed in them when you were a child, so what makes your faith so special?
Always with the insults! at least I have a job and work -- no shame in that. How hypocritical, bitchin and moanin about how the lefties only want handouts, a free ride, but have a job and you're less than credible if you work for someone other than yourself. My bosses are liberals so I love working for them. So, what do you do with yourself? Sit at home all day hating what you don't understand?
The right wing blogosphere on internet is so full of nonsense and hateful misinformation. I'm just happy I don't think like that.
I don't hold Mitt's religion against him, not really. However, if a Scientologist ran would you give him same consideration? Let's just watch how the campaign plays out -- anything can happen.
I think your shortchange and insult yourself by being the coffee girl for tired old left wing ga ga politics which are run mostly by millionaire white guys who like to bang on the young office help. Your reality is becoming blurred as you dig deeper into your left wing bunker with left wing bosses petting you on the head.
But FYI I work for a large corporation and manage a line of business for them. I understand more than you think and really don't care what left or right wing blogospheres are spewing out as it is typically the opposite of the other side so one doesn't even need to read it. You know what it is going to say before you read it.
It is much more informative to look at what has worked and not worked over the centuries and even the last 10 years and then make conclusions rather than get bogged down in contemporary shouting matches. But that would take actual work to read history rather than watch talking heads on TV or only listen to people who agree with you.
Reality is out there somewhere beyond your current bubble which will eventually be popped.
I find it funny how you say that he will say ANYTHING to get elected...well Obama throws his closest friends under the bus, like Rev. Wright. He disowned the man that married him. He said he was for $4 gas, now he's against it.
You can say all you want, for every 1 example of Romney I can give you 5 of Obama's so lets save the typical crap to the media, Morning Joe wackos.
Roe vs. Wade would be a central agenda item for him in his first year.
Lol what does this mean?
At least GW gave it to anyone while Obama is only giving it to his cronies...
Did I spell fart right?
We have no coherent energy strategy or debate beyond election year platitudes. This is just campaign talk in the face of high gas prices.
Results count more except for the stupid and easily led lap dogs salivating for the latest drivel.
The p is silent.
Very curious...and ongoing.
Now cafe standards are set so high, that a hybrid will be obsolete by none other than low displacement turbo charged 2,3, and 4 cylinder engines. HA! So much for batteries.
"Before the pre-eminence of internal combustion engines, electric automobiles held many speed and distance records. Among the most notable of these records was the breaking of the 100 km/h (62 mph) speed barrier, by Camille Jenatzy on April 29, 1899 in his 'rocket-shaped' vehicle Jamais Contente, which reached a top speed of 105.88 km/h (65.79 mph). Before the 1920s, electric automobiles were competing with petroleum-fueled cars for urban use of a quality service car.[20]
Thomas Edison and an electric car in 1913 (courtesy of the National Museum of American History)
Tribelhorn 1908
Proposed as early as 1896 in order to overcome the lack of recharging infrastructure, an exchangeable battery service was first put into practice by Hartford Electric Light Company for electric trucks. The vehicle owner purchased the vehicle from General Electric Company (GVC) without a battery and the electricity was purchased from Hartford Electric through an exchangeable battery. The owner paid a variable per-mile charge and a monthly service fee to cover maintenance and storage of the truck. The service was provided between 1910 to 1924 and during that period covered more than 6 million miles. Beginning in 1917 a similar service was operated in Chicago for owners of Milburn Light Electric cars who also could buy the vehicle without the batteries."
"Don't throw mud" then end your post with your political wishful thinking...
Classic close minded hypocrite
You are probably confused about hummers.
That probably should read "humans" not "hummers."
No I got it right :-)
Amazing!
The majority of solar equipment is from China, enough said
Wind cannot get financing, that model is so broken
NG make sense but his EPA and the courts fight it
Biofuels - Pipe Dream an how could it scale, plus you need massive amounts of NG to facilitate the conversion.
Yep the answers are easy, the truth is a bit harder to come by.
Cheers......
~ that's big Gov for ya. During his SoU address, Obama said he was supporting the development of NG and all types of energy. Literally, the very next day, the showed up out in the Marcellus to start working his "No Frac" campaign.
Badly educated, self-absorbed, and perhaps more than a tad lazy.... what a guy he's turned out to be.
"he is astonishingly ignorant of basic economics" ~ Nonsense! He's just smarter than the rest of us.
Typically smart people don't run for President. Mostly millionaire and billionaire narcissists. These are essentially the requirements as nobody else has the resources to buy the office or in their right mind would put up with our ignorant press and an increasingly schizophrenic and lazy electorate.
Thoughtful. The guy has less class than Charles Manson ! He tears up anyone who just disagrees with him. IIIIIIII never we ! Bush did it and I am white on the inside. He even blamed his grandmother for bigotry.
How can he take a million dollars from a political commentator who called people "Cu*t" , made fun of the handicapped , degraded political opponents children then use his office as a bully pulpit at his leisure.
nothing worse then a hypocrite...
His policies are not popular because they are not good for America. Some people were just never taught to think for themselves.
Heeeel....Heeel....
I know you are serious and that is what makes your response so funny. You are the schizophrenic type I was talking about. You don't know up from down.
POLITICS
We have all heard about President Obama's "pals" ad nauseam, and his grandmother did display bigotry. He's still a good man and loved her, and displays all the "family values" conservatives claim to cherish.
P.S. I read Bush's family was friends with the Bin Ladens; in business and politics one cannot only choose angels for associates. Who's perfect?
I think I made it clear as an Iraqi American I am no fan of Bush ! He was no conservative..
A million dead + Iraqi people just so he could bring them the Gospel ( HIS OWN WORDS) ! Well, he failed as Christians are on the run an half are dead. So he clearly failed ! And, Iran is taking control of Iraq as Obama left and surrendered to Iran. And, China moved in an has now control of all the oil. How nice !
So, if Bush was a conservative he was he never would have been President. There are too few conservatives to elect one.
And Obama is quite friendly with Rasheed Kalihi an a bunch more despicable Jew haters an he has Hamas contributions just like Hitlery Clinton.Obama loves them !
But, you are right. Who is perfect and to be President in today's America it is not possible to be even decent an win !
How do you know he didn't call the tornado victims? If it was broadcast you would say he was doing it for attention.
Rush called the girl names for days, and made many other lewd comments about her, and she is not a public figure. Bill Maher was doing stand up comedy which only a live audience saw. I never even heard it. Comics talk real dirty, remember George Carlin? I don't like name calling myself, and don't defend Maher, even though I think he's funny on TV. Public figures, as you know, are open for that sort of thing. Don't know about the other stuff you claim. Never heard of the children, handicapped, comments. But I do believe President Obama took the money because he needed it! That's politics!
Actually Obama is just smarter than all the people that voted for him. That is all the smarter he has to be. Especially the voters who are ga ga over him. They are not rationale.
Bush was no conservative and there is a lesson in the Iraqi invasion which is that good intentions don't dictate the outcome. The saying "the road to hell is paved with good intentions" comes to mind.
Not sure what "gospel" Bush was bringing to Iraq but no legitimate gospel comes at the point of gun.
300 million American's still to this day are split.. WMDs an a bad man on the right an oil ;oil an more OIL on the left. Both are untrue.
GWB, was clear ! He had the guts .Nerve... Gaul.. Depending on your beliefs to stand up an tell the truth. He did it as the vote came up on the trigger he needed to launch his war.
That trigger was the vote in the Senate concerning the Faith Based Program vote.
5 hours before that vote he gave a speech. From his heart ! He said
" I believe the Gospel is the American way of life ! And, i i i i i i i want to bring that way of life to those people ! That is why I must have the BILL passed ! "
Well, 4 hours later then NY Sentor H.R. Clinton lead the charge against that vote an the BILL was defeated. 2 hours later Rove wrote the Executive Order an GWB signed it. Within 48 hours 800 million emergency $s was dolled out to 4 big time pastors an Farsi Bibles that had been ordered were paid for and the war was launched.
Funny, 1.3 billion backward Muslims heard him an maybe 4 Americans and Bush will Always be known as the great Crusader ! Now because of wiki leaks an actual US military documents the true history will always be known about the destruction of Iraq's defenseless army where 75% died in week one an 155,000 civilians were killed. At least a million dead people an a country totally destroyed.
Truth, Saddam could have been killed ,but, the plan for flooding the country with missionaries couldn't happen if Iraq's army was left standing...It may take 50 years for the real truth to be written,but, it will ! And, you got a sneek preview here ! Shalom & aloha
Where were all these missionaries supposed to come from if this was such a great plan? Nobody is revved up to head to Iraq or anywhere else where violence is nonstop.
A lot of what you are saying sounds similar to the other conspiracy theories that my middle east friends and colleagues talk about. All conspiracy theories have some true threads in them to hold them together but then the story leaves the launch pad and heads to outer space.
Keep in mind the left hated GWB's guts and would have thrown him under the bus in a nano second for any reason so when you move past WMD's the case for war had no support.
But, I was born in Iraq an my family dealt with Saddam's mentor who was much more ruthless than him. It is a sad way of life to be Jewish on Saturday behind closed curtains an a locked door. So, i know what goes on in Iraq an many family members are still there !
My information is direct an wiki/leaks documents were actual US communications. Not hearsay rumor nonsense. Only a few select pages were of interest to the US news outlets an Dem an Rep reporters were not interested in covering the horrible things we did.
Why should they. Itg hurt us an didn't score points politically...
I am a conservative and as such vote Republican and don't hate Bush as a lefty.
I hate him as a human. And , he deserves to be tried as a war criminal as Iraq was destroyed an were defenseless from day one. Shock an Awe was a video game directed by Gen Franks from a nice air conditioned room in Florida. And , a few old Russian riffles can't be considered as valid defense to the 80,000 sorties !
There were never WMDs an US intel knew that. That is what the outing of the CIA agent was about an trying to discredit Wilson. Sec Powell was a buffoon in the UN..
No TVP. The number of dead is documented in Iraq an as sad as it is the 4000 plus of US blood was spilled an MANY more carrying horrible scars an life long PAIN it pales in comparison the 100s of thousand Iraqi people who lost parents ,brothers, sisters, children, friends etc. And, as for missionaries the Faith Based Program would have funded the mass flooding of Iraq ,but, as we all know the toppling of the statue was the only welcoming news clip. As I have commented before the Iranian's took control and the Civil War began as soon as Saddam fell and our boys/girls were in the middle.....
And, the GREAT General Petraeus the father of the SURGE actually told the truth about it." He said in Jan 2011 on every major channel that increasing the troop strength back to 165,000 was NOT the reason for the reduction of violence in Iraq. He said it was more like a surge of ideas.." But, it was one ! We put 250,000 Sunni ex-military on the US payroll. So, no actual truths are seen or cared about by the US peoples. Just sound bites on the right an left against each other. The Iraqi people live in horror to this day despite the hand full of stuff we threw to them. This info comes from real people in Iraq who are my blood..
Thanks for the comment. I respect your point of view and it is something I am going to explore on wikileaks.
"i'll probably never see again"
Second city t/v was FULL of gems and John Candy was among them. Agree there too. So, another like and again your wrong !
smiles
Now, a small part of Iraq has been rebuilt,but, their best doctors an skilled workers have gone. Christians are in hiding and half who stayed have been killed. Sunnis know there next and as soon as the Iraqi Arabs finish with the Kurds an the oil they will use 100% of their efforts against the Sunnis. TVP is correct an years of civil war is going to happen.So, is life better. For 65% of Iraqis NO ! Much worse and outside of the cities life has been set back to the stone age.
That is what I see an how much of Iraqis see it.
Both sides have psycological warfare operations that are easy to photo shop...be more skeptical.
So since a Political commentator calls a Girl a slut because of statements she made in front of a dummy commission of Democrats it rates a call from the leader of the free world? No chance of any political pandering or attempting to fan flase flames for political gain?
But it is ok for the president to take a million dollars from someone you characterize as a comedian yet is easily classed as a political commentator as he comments on politics ad nauseam...
Obama needs to call all Retarded Children
http://bit.ly/GHWPpC
Obama needs to call the Pope
http://bit.ly/GHWPpC
Obama needs to Call Sarah Palin
http://bit.ly/GHWNxR
Hypocrite much?
I may follow your lead and stop watching TV also (tired of being angry) except for CNBC and Bloomberg, that is. Bloomberg hosts "Intelligence Squared" debates a few times a year on political positions, religion, etc. The last one was on energy. http://bloom.bg/GKagDO
I haven't seen it yet myself but am posting it in case you are interested. I've seen a few others last year and they were fascinating. The audience is polled before the debate and again afterward. Always a huge change!
I recently located (via internet) my best childhood friend, who I haven't seen or spoken to for over 45 years! We are planning a Caribbean cruise together, but heard Hawaii is the place to go for real lovely experience. Maui I've heard is best. What do you suggest? (Please don't say Hades!!)
Rush is a rabble rouser -- not funny in the least -- and he continued putting down a college student for days on end, making really disgusting sexual comments about her sponsors found bad enough to say "bye bye"! Don't worry, he won't be going anywhere; you'll still get your daily dose of creepy crawly slime.
http://politi.co/GQzEKw
You better not be laughing! He sounded drunk himself but being Mormon probably wasn't; just nuts. Wanting to see someone die is worse than calling someone a name! The right wing blogosphere is full of derogatory statements about Pelosi. Any article about Obama usually has hundreds of foul comments about him, his wife and children, some so terrible they make me cry, thinkng people in our country can still be so sick.
We'd be robots if we all thought the same way so maybe we can just agree to disagree. What makes the world go round!
It would have all been in production by 2010......too bad anyone listened to him.
Are you reading this?
Geez that's profound.
Even Terry is losing her enthusiasm lately.
http://bit.ly/yV0aSn
He is one of the smartest president in the recent presidential history.
And, i'm the next President.. I lied an so did you...
There is a reason the Founders didn't want a democracy and the Dem's have created one and the Republic is being destroyed.
Big grin - Nonsense. He's clearly left!
Seriously, though, this isn't about energy. It's about him appeasing his followers.
Obama has outsmarted himself and will be seen as the second coming of Jimmy Carter.
As long as taxpayers get a cut of the profits from oil and gas on federal land there should be no reason Federal land rich in resources shouldn't be utilized.
You people arguing over drilling, welfare, abortion, etc....SHEEP! All of you.
As long as the royalties get applied to the deficit and pissed away on raises in congress, earmarks, new pet projects etc., I'm good with that. ...and make the royalties 25 - 28%, not 18-22%.
He's the same guy that if there were a fire would say, the house is 10% gone, there's really no point in throwing water on it!
Buffoon.
How exactly has Animal Farm come true? Where do you people come from?
Speculation, also known as hedging, is a legitimate function of the market. Manipulation is the criminal act. SEC needs to get off their duff.
Speculation does not equal hedging. Hedging is mitigating risk with little to no profit motive. Speculation is a function of profit.
Poor Texan is correct SEC and CFTC need to get their shit together.
Great response Tipping Point. Glad to see you are as unintelligent as your comment made you out to be!
Consider that between 1992 and 2002 the US dollar price of crude oil had a net change of zero, during which time US dollar M1 increased 30%. Since then, the US dollar oil price has increased 419%, and US dollar M1 85%. In that same 10-year period, the Norwegian kroner price of crude oil has increased 231%, just over half as much as the US dollar price. Speculation, to the extent that it actually affects prices at all, affects everyone. Excessive fiat currency supply primarily affects those purchasing things with that currency.
If you don't like the price of oil, call your representative and demand that the Fed be eliminated and the dollar fixed to gold (or anything else of limited supply). If you're not willing to do that, quit complaining about the cost of living.
Iran and Nigeria, that's correct. They're red herrings. Iran's oil is still on the market and has been all along; nothing to see there. Nigeria is a minor exporter and the disruptions there have been minimal, especially recently. China and India have definitely increased their demand, that is true. Perhaps so much so that despite increased production, they account for the fact that prices over the past 10 years have averaged about 70-80% higher in real terms than they were in the previous decade. Unfortunately, that doesn't explain why prices today are about the same as they were in 1998 and 1992, far below the average over the past 10 years... and yet just over half what they were in 1982, when China and India accounted for a tiny fraction of their current demand. But at least this is both accurate and relevant, which is more than can be said for the rest of these arguments.
> I think you're holding your chart upside down
Nope. Today, a barrel of WTI will cost you 0.0587 Troy ounces of gold. The 30-year high was 0.1506 in June 2008, the 30-year low was 0.0332 in July 1986. In every single month from April 1999 to November 2009 (inclusive), the price was higher than it is today. That means that in only 9 of the previous 155 months was crude cheaper than it is today. The page I linked to has the actual values for every month in a table; it's very easy to see that my assertion is correct and I'm not, in fact, "upside down." Crude is cheap. Unfortunately for people being paid fixed wages in US dollars, the US dollar is a lot cheaper.
> Heck, the Yen and the Euro sre [sic] so strong that oil is cheap in those countries.
Here are the 10-year changes in the price of crude oil in each currency:
USD: 419%
JPY: 207%
EUR: 225%
NOK: 231%
SFR: 165%
(gold): -19%
Lest you fear I'm cherry-picking 10 years (although it coincides fairly well with the advent of radically irresponsible -- by which I mean dramatically moreso than usual even by central banking standards -- monetary policy in the US), let's look at 15 years too:
USD: 361%
JPY: 194%
EUR: N/A
NOK: 298%
SFR: 189%
(gold): -8.3%
> It's all about the US...
I'm afraid that's the majority of the problem, yes. As you can see, other countries haven't done a very good job of preserving the value of their currencies, either, but they've certainly done a much better job of it than the US has.
> ...and it also has nothing to do with the explosive growth of futures positions in the last ten years.
If only you weren't being sarcastic; then you'd actually be right.
It would be better to say, "our current standard of living". The world could function and has functioned without oil for a long time. Its just that the standard of living was much lower. In fact oil was considered a nusance until Rockefeller innovated, and moved the world from whale oil to kerosene.
In the end, it is all about improving our standard of living, and as such everything is about profit. Profit is just another word for wages, and wages are a measure of how efficient people are at improving there standard of living. Thus, everything we do is about profit and we speculate on everything we do in order to find ways to improve our standard of living.
If you really want the standards of living to improve, you have to be sensitive to prices. Govs have guns, thus they are blind to prices. They will missue their force (try not paying your taxes and see what happens - hardly voluntary, thus blind to prices), and cause excess consumption. In other words, it will create additional consumers, which results in higher prices. It is actually using force in transactions that causes inflation. Consider the theft transaction. The thief uses a gun, and you give up everything you have for nothing.
This is an important lesson for investing. As long as gov is involved in markets, wealth transfer will occur. The rich will get richer and the poor will get poorer. Figure out how the patterns of wealth transfer will occur, and be their when it gets there. Bet rest assured, as long as gov injects force and fraud into the markets, the cost of living will increase and cause more and more austerity. If you want to avoid being one of the austere ones, take advantage of the system by paying attention to what subsidies the greedy mob is demanding.
Another way to look at it is not that oil and gas have risen in price but rather than currencies have fallen against them. This is one of the core issues.
There are still 42 gallons of oil to a barrel, that part has not changed...
The cracks in the facade of the worlds reserve currency continue to grow...
It would take about 5 years to convert 1/2 the US cars to bottled gas an create a whole new industry setting up the nuts an bolts of all that work. Viola, no more 4 buck gasoline and the truth is the US imports about 8% of it's oil from the Middle East and we wouldn't need a drop. We have enough nat gas to use gasoline only for the rubs to blow themselves up at the barbeques.
http://bit.ly/uTYQcP
I didn't vote for Bush or Mccain... I voted for Obama and I see where we are and I won't do it again. I made a mistake ! I was stating a polling fact showing it is too early to say Mitt's lead is valid. It is extremely hard to beat an incumbent !
Stay innovative. I am long on Westport and Clean Energy Fuels. Nat gas is probably the best alternative. Obama just needs to get out of the way and let it unfold.
All those wierd connections of his to Media Matters, Tides Foundation, George Sorros, Bill Ayers. Dude find some cooler friends and maybe you get another four. God, fire that Attorney General. Even though I am long on Smith and Wesson I still don't back guns to Mexican drug dealers.
I say 200 nuke plants need to be built in the next 5 years.....but it'll never happen without an Executive Order.
Nobody can accept the fact that the only world without accidents is a world not worth living in. So people have been trained/indoctrinated to blame someone of misconduct every time an accident happens.
Thank you union teachers who's only job is to dumb down Americans and prepare them to be future legal clients. When was the last time responsibility was taught anywhere?
What?!!!!! How about being held responsible for misconduct when an accident happens? Who else?
Like Kojak always said.. " who luvs ya baby"
Your right.. No nukes... Call Kirk an get some dilithium crystals !
See this is what I mean. Life is not possible without risk. There is NO way to live a risk free life. There is no way to create a risk free life. Unless of course you are trying to get elected by promising a nirvana, which will never happen.
Yes, we might have a nuclear accident and yes people might die. But guess what, we all die sometime. The natural extension of your little world is living in a padded room, being fed by IV drip with a proven balance of just the right vitamins and nutrients. Never leaving, never risking getting hit by a car, or getting a sun burn etc, etc.
More people have died in airplane crashes that have ever been killed by nuclear reactor accidents. You have been programmed to be scared of anything your politicians don't approve of and you don't understand because of your lack of real practical understanding.
This is no different than the religious dark ages. Just as stupid and just as destructive to the world. Just about every problem we have today can be traced to normal people growing up without challenging political correctness by examining reality.
Also, a moot issue since Pres. Obama has already approved a nuclear project a few weeks ago. I still don't like it. Can see 500 years from now three states filled with nuclear waste that never deteriorates below ground in bunkers. Nice going, guys. Political correctness has nothing to do with it.
P.S. You love San Francisco, and you know it!
"Clearly you have feelings. Most liberals do, but the facts to back them up and the logic to process them are not present, because you process with a different side of your brain."
Is that the side females use? What side of the brain do those conservatives use who believe in total fantasies fostered by Glenn Beck, Rush, and the others on hate radio?
I'm not as smart as your picture looks -- however, I do read and am curiously interested in the world, and try to keep an open mind on what happens to show itself to me wherever I happen to be. NYC life is educational. I do not spend time on gossip mags, reality shows and other "entertainment" people I know find enjoyable. I like politics, the stock market. Oh yes, and foreign films ;)
Actually, I apologize for using this opportunity to debate what I know nothing about, just to hone my writing skills. Life is forever learning. Thanks. and Goodnight
This is ridiculous. US demand doesn't support the amount of oil we refine daily. The refining industry is basically a service industry. We refine oil for countries without the infrastructure or capital to do so, create many well paying jobs along the way (in the US), and send refined products back to them. Following your philosophy, 30% of the remaining US refiners would be forced to shut down due to negative margins, resulting in jobs lost. If you want more refined products sold domestically, write your congressman and tell him to repeal the Renewable Fuel Standard. Refiners have three choices. Blend Ethanol and Biodiesel to domestically sold product at a huge loss in terms of dollars per barrel or cents per gallon, sell domestically and buy renewable fuel credits at basically the same price as the cost of blending renewable, or export at no cost! What would you do? The government is incentivizing exports. We don't have to blend ethanol or biodiesel into products sold to China, Europe, or Latin America!!! And they pay a premium for our products!!!
I guess you skipped Economics at Auburn, if you even attended. So War Eagle, stop embarrassing the intelligent graduates of Auburn University and stop commenting on SA.
The choice is clear-vote GOP for higher gasoline prices and quarterly record profits at XOM. President Obama speaks-up for 95% of American