1stPlace
Senior Heliman
Location: Ohio USA
My Posts This: Topic Forum | | Quote |
| no one seems to want to talk about it, especially people that think that more drilling is the answer.
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That's because they were to lazy to do any research, and because they don't want to give an uninformed opinion. I'll tackle it though.
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| Next check Gasbuddy and see that they are paying pretty much the same price in Canada as we are here. How come they appear to have an abundance, yet are stuck in the same boat as us?
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Canada is a net exporter of oil. They sell every drop that they produce. If they had nationalized oil production, then they may enjoy $2.00 a gallon gas. But they don't, because they sell all of it. That in turn, causes their price at the pump to be equal to what their market will bare.
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| Then everyday I turn on the TV and see Marathon Oil with a big slick ad bragging about their multi billion dollar LA refinery expansion that will nearly double their output and checking their press releases for Oct 07 announcing a large working find in the Gulf of Mexico and their timetable to actually tap it.
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Finally! After 32 years of our refineries closing and our wells running nearly dry, we are finally doing something about it! U.S. oil production is at it's lowest level since 1949. In that time, the demand for oil has increased exponentially.
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| So where does all this "liberals won't let them drill or refine" whining come from? You can't call "liberal media" on this as its straight from the horses mouth.
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Why didn't they drill 30 years ago, or 20 years ago, or even 10 years ago? Because environmental legislation pushed through by liberals with a "not in my back yard!" mentality, made it nearly impossible to maintain U.S. oil production, let alone increase it to meet growing demands.
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| Are they lying to their shareholders?
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No, and what is the sense in that question?
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| Also if Marathon is able to drill in the Gulf AND expand refineries then I can only assume that other oil companies are following suit though I didn't check.
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Why is Marathon able to drill now, yet they couldn't drill and increase refinery capacity in the past 30 years? Because of H.R. 3893!
On October 7, 2005, By a razor-thin 212 to 210 margin, the U.S. House of Representatives passed legislation sponsored by Rep. Joe Barton (R-TX) that allows the President to designate sites on protected public lands for construction of oil refineries. The Republican majority kept the vote open well past the official deadline, reversing what would have been a defeat for the bill.
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| Also if Marathon is able to drill in the Gulf AND expand refineries then I can only assume that other oil companies are following suit though I didn't check.
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Yes, they will. Thanks to Republicans and Bush passing that bill in 2005.
Diejenigen, die nicht lernen aus den Fehlern der Vergangenheit bestimmt sind, zu wiederholen. |
