I’m sure the math is too complicated for the commie left, but it’s at least minimally plausible that $4 gasoline was a contributory factor in high-risk mortgages defaulting last year.

Just a thought.

is new lows in poverty, and new highs in energy costs. Yay!

live on rainbows and unicorn dust? Do they eat? Maybe they are not human? When the truckers shut down - and they will. Then how are the libs going to get their croissants? If you don’t live close to a major source of food production then you might get a wee bit hungry on the six hour drive to the nearest source of food. I guess libs don’t think about such mundane things as supply & demand? I may sell everything I have and buy C-rations.

He’s on a long and not-very distinguished list of Democrats we’re lining up in our sights.

There’s a lot of gamesmanship going on within Colorado with regards to drilling as well. Ritter lied misrepresented the cost of compliance enforcement by a few thousand percent. Committee said $7,000, Ritter rounded it up to $1,000,000.

Add to that the fact that Colorado is 48th…forty-freaking-eighth… in pork stimulus money coming back to our State. Our Democrat elected representatives even suck at being Democrats.

So many blogs…so little time…

about how the rising gas prices are a result of limiting supply futures?

The Oil Companies will get blamed. Obama and the Democrats will get a pass. Same thing as what happened with the sub-prime mess. Dem’s are responsible but blame Republicans.

There’s few enough people that pay attention these days, the left doesn’t even really have to try too hard. They know they can say anything they want, it’ll be reported as fact on the evening news, and as long as 51% of the populace takes it at face value, that’s good enough for them.

“Environmentalists and some tourism-dependent coastal states oppose the drilling, citing the potential for spills and urging an emphasis on renewable energy instead. Energy companies counter that drilling has become safer over the years and that royalties from any finds would be in the billions of dollars.”

To-wit, the Athos-I on the Delaware River:

The Cocos Busan spill in San Francisco Bay:

The barge spill on the Mississippi River last year:

And if we had our own supply, we wouldn’t have to run all those boats around, full of oil.

Barack Obama is a stinking, untrustworthy liar.

We’ve all known that for awhile—but when he repeatedly said about offshore drilling, “it’s something we’ll certainly take a look at”, you knew he had no intention of doing any such thing….he was lying through his teeth, as his nose started to grow as big as his ears.

Once again, ideology is trumping common sense. Not only can we supply our own energy needs, but with an aggressive exploration and drilling program, we could sell our natural resources to the rest of the world. Coal, shale oil from the Rockies, copper, etc. You hear these idiots whine about “buy America”, in an effort to appease their union goons; what about “sell America”?

This would create hundreds of thousands of new jobs: building more drilling rigs, mining, oilfield services, and more. Even Norway drills for oil off its own shores……as do China, Brazil, and a slew of other countries. But since the far left considers energy something dirty, we in the United States are going to spend our time installing solar panels in a few federal buildings. Yeah, that’s probably good for a few hundred new jobs.

I’m a former Democrat (”in recovery”), but I loathe the Obamas, their crew of tax cheats, and their entire pack of far left radicals. And I hate what they are doing to destroy capitalism, and this great country in the process.

Windfall profits taxes and caps on exec’s pay.

…because the worldwide deflation is putting a major crimp in demand. So Obama can get away with ending drilling so long as the economy is in the tank because gas prices should stay fairly low.

But once we start to get recover and demand for oil increase, then we’ll get sharp price increases - and we won’t be able to do anything for years to change the U.S. supply sources, which means we’ll be paying through the nose and won’t be able to profit from the higher prices.

Of course the Democrats will blame oil companies, nationalize them, and then they’ll start a crash drilling program, environment be da*ned because it is the corrupt cronies of Congress who will cash in and then have money to feed back to protect he Democratic one-party state, destroying long-term supply but cementing their power.

This is what happenes south of the border when tyrannical government nationalizes commodities - won’t be any different here.

Not sure if Obama and company actually are planning this, or whether it’s ideology driving them, but the end point is ruinous.

Drilling is a popular issue. Moreover, 43% of BO’s supporters in the last election were pro-drilling and thought that BO was pro-drilling.

Their tax cheat/Secretary of the Treasury was busy scaring the bejeezus out of the markets, as it became apparent that he didn’t have a plan, just a bunch of “concepts”, and no specific details. (Wow…at least he’s imitating his worthless boss). Great day to re-impose the ban on drilling for our own oil.

So they basically tried to sneak this in while the headlines covered their mangling of our economy. Disgusting, but not surprising.

that nationalizing the oil industry was their goal.

http://www.youtube.com/watch?v=PUaY3LhJ-IQ

I live in California and I saw first hand how $4.00 per gallon gas affected people. and please don’t get me started on all the other problems we have here in California. Calgon take me away!!!!

NYMEx and Cushing are under $38. They’ve been hanging above $30 and under $50 since the bottom fell out. That’s just simply not high enough to drive exploration, production, and transportation in the US. Brent is running higher, but that doesn’t do us any good.

The unfortunate truth is that even though we’ve got lots of oil, much of it is heavy high-sulfur crude oil and is difficult and expensive to get to, transport, and refine.

Sweet oil like West Texas Intermediate (Cushing) is going to have to be in the $80’s before it’s viable to do much of anything with a lot of the other crude out there which is more costly to get and sells at a lower price.

You’re going to see wells being shut down and pipeline projects canceled in the near-term whether or not Obama cancels offshore drilling and/or the DOI shuts down leases in Utah. There’s just too much supply and not enough demand.

Red for drilling rigs searching for natural gas, green for oil.

Prices peaked last July. The brakes are on.

…that dometic drilling would have created. Such a tragedy. $700 billion a year folding back into our own economy rather than going to our enemies. A golden opportunity that we just walked away from. This generation of Americans will go down in history as the “stupid generation”. DD