06-04-2008, 09:23 PM | #41 | |
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Moreover, were we to export more than the measly 300M barrels/year we currently do, we would command a much greater presence in determining how the world market functions. Yes, the Chinese, the Europeans, or whoever would still buy from the Middle East. But they also might buy from us. As I said in my linked post, I'm not opposed to alternative fuel research. I am opposed to artificially handcuffing our own energy resources as a means of "forcing" that research. Oil is going to be with us yet for a very long time, barring some new miracle resource, and we might as well press our advantage. |
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06-04-2008, 09:27 PM | #42 | |
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Plus in a free market system, aren't we allowed to make pigs of ourselves and then pay the price. You think rising gas prices have hurt us, wait until the dems raise taxes. My guess is I will spend about an extra $1,200 a year in gas costs. That is nothing compared to what my taxes will cost me if Obama gets elected. |
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06-04-2008, 09:27 PM | #43 | |
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06-04-2008, 09:38 PM | #44 |
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06-04-2008, 09:39 PM | #45 | |
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06-04-2008, 09:50 PM | #46 |
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The popular position is to oppose illegal immigration while saying kind things about legal immigration. But ask one of those folks about whether we should make it easier to enter legally and they're either totally ignorant of how difficult it is to enter legally, and suspicious of the idea of making it easier, or they just don't like the idea of allowing more legal immigration. At least, that's what it seems like to me. The real debate, IMO, is not really about legal vs. illegal. It's about how much immigration we want, total. It's my opinion that most of those hard core against illegal immigration don't really want more legal either.
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06-04-2008, 09:52 PM | #47 | |
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Conoco Exec VP: "We can only compete directly for 7 percent of the world's available reserves while about 75 percent is completely controlled by national oil companies and is not accessible." Exxon-Mobil Senior VP: "Exxon Mobil is the largest U.S. oil and gas company, but we account for only 2 percent of global energy production, only 3 percent of global oil production, only 6 percent of global refining capacity, and only 1 percent of global petroleum reserves. With respect to petroleum reserves, we rank 14th. Government-owned national oil companies dominate the top spots. For an American company to succeed in this competitive landscape and go head to head with huge government-backed national oil companies, it needs financial strength and scale to execute massive complex energy projects requiring enormous long-term investments." And this stunner: "Of the 2 million barrels per day Exxon Mobil refined in 2007 here in the United States, 90 percent were purchased from others." Check it out at Powerline from a few weeks ago: http://www.powerlineblog.com/archive.../05/020571.php |
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06-04-2008, 09:53 PM | #48 | |
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Last edited by BlueK; 06-04-2008 at 09:57 PM. |
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06-04-2008, 09:56 PM | #49 |
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06-18-2008, 03:14 PM | #50 |
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An amusing observation about high gas prices:
Libs have long been in favor of higher gas prices via taxation (see: Charlie Rangel). They thought that if they could make gas prohibitively expensive it would force the electorate, and thus the political machine, to force alternative fuels into the mainstream. Now higher gas prices are with us, and opening the coastline for more drilling--formerly a 3rd rail--is all the rage. Heh. A silver lining, if there is such a thing.
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