Drill Baby Drill: Nothing succeeds like success


#1

It’s nice to know somebody somewhere is doing something constructive about the geopolitical situation and the economy too:

independent.co.uk/news/world … 85133.html

Maybe not Washington. Washington has opted out. But there are segments of America that now have global leverage, and Washington is simply in the way.


#2

Yeah, I hear ya. Let’s cast the district of Columbia into the sea. “Down with the heathen tax collectors!” Didn’t Jesus say that?


#3

No, but the Founding Fathers did.


#4

eia.gov/oog/info/twip/twipar … print.html


#5

[quote=“rowland”]http://www.eia.gov/oog/info/twip/twiparch/2014/140312/twipprint.html

[/quote]

Sounds impressive until you consider US oil consumption. I looked up the latest statistics I could find:

Average daily US oil production: 7.5 million barrels/day
Average daily US oil consumption: 19 million barrels/day

Percentage of US oil consumption from domestic sources: 39%
Percentage of US oil consumption from imports: 61%

The idea that the USA is about to turn into “another Saudi Arabia” is a bit ridiculous.


#6

That’s because Rowland has fallen into the trap of using US Energy Information Administration statistics. That’s the government- from Washington :astonished:

He should get some facts from Sarah Palin, who will tell him oil production has gone up a jillion quazillion barrels since they got the damn liberal gummint out of the way, you betcha.


#7

[quote=“Dog’s_Breakfast”]
The idea that the USA is about to turn into “another Saudi Arabia” is a bit ridiculous.[/quote]

Dude, this accelerating growth is under an administration that is openly and actively hostile to fossil fuels. What do you think will happen when the regime changes?


#8

Um, all hell will break loose? The environment will get even more fucked up? and people will still blame the Democrats.


#9

Don’t be silly. Everything’s Bush’s fault. Forever.


#10

I can’t tell if you’re being serious or sarcastic. Basically, the US is choosing to remain utterly dependent on a declining, non-renewable resource, but they’re going to get it from a tiny clique of politically-powerful locals instead of a lot of squabbling foreigners, using a method that’s borderline uneconomic but being pressed into service because the low-hanging fruit is gone. Sure, that’s going to solve all their problems. :unamused:

All sorts of modern problems are the fault of men long since dead and gone. The US Farm Bill has given America a food-supply system that works about as well as India’s. The dust bowl was caused by Jethro Tull. Suicide bombers are Mohammed’s fault. And let’s not get started on the 2nd Amendment.


#11

Solar power.


#12

Not possible. The US’s problem is that they instinctively throw energy at any problem, without thinking, is there a better way of doing this?

We - the West - could quite easily drop our energy consumption by 80-90% while simultaneously improving our quality of life. But that’s hard, because there are too many people making a shitload of cash out of the status quo.

Fix that, and then solar power would work. But it’s impractical to attempt to run a gas-guzzling economy on solar.


#13

Just declare Texas independent … but first hold a referendum. Maybe Alaska too an for good measure Hawaii. Florida can choose to be annexed by Cuba. And all people involved in big oil, send them to Kyrgyzstan, looking for their precious money maker, oil.
It will be a whole new US … thinking. The Russians done it …

Sent from my Nexus 7 using Tapatalk


#14

[quote=“Belgian Pie”]Just declare Texas independent … but first hold a referendum. Maybe Alaska too an for good measure Hawaii. Florida can choose to be annexed by Cuba. And all people involved in big oil, send them to Kyrgyzstan, looking for their precious money maker, oil.
It will be a whole new US … thinking. The Russians done it …

Sent from my Nexus 7 using Tapatalk[/quote]

DC would starve.


#15

Of course, this won’t fix everything that’s wrong with Ukraine, but it’ll help:

strategypage.com/on_point/20 … 22921.aspx


#16

After those A-mericans made them A-rabs stare down the barrel of a shotgun, them A-rabs ‘r makin’ them 'mericans stare down the barrel of a bucket of Texas tea.

Gone darn it, oil politics is mighty interestin.


#17

news.investors.com/ibd-editorial … conomy.htm


#18

[quote=“rowland”][quote=“Belgian Pie”]Just declare Texas independent … but first hold a referendum. Maybe Alaska too an for good measure Hawaii. Florida can choose to be annexed by Cuba. And all people involved in big oil, send them to Kyrgyzstan, looking for their precious money maker, oil.
It will be a whole new US … thinking. The Russians done it …

Sent from my Nexus 7 using Tapatalk[/quote]

DC would starve.[/quote]

Who cares? … Many africans starve too!
Get yourself a woman, shooting power and move into the mountains. Burn some trees, build a hut, kill some beasts for food and fur, no oil required. Use the animal fat to power your light.


#19

[quote=“rowland”]http://news.investors.com/ibd-editorials/122314-731936-declining-energy-prices-set-fire-to-economy.htm

[quote]
What’s generating the growth? A huge factor has been the fall in energy costs. As crude slid from $105 a barrel last summer to closer to $70 by September, the cost of oil imports tumbled. A decline in imports contributed 0.16 percentage point to GDP.

Moreover, as fuel costs fall, U.S. exports rise because U.S.-made goods become more cost competitive.

With prices lower now in this quarter, the good news story rolls on. Thank you, fracking.

Businesses are clearly feeling less fearful about investing, and some of the Obama anti-business, anti-shareholder agenda has dissipated as the Republican Congress repels the worst ideas — cap and trade, minimum-wage hikes, new energy taxes and massive new spending initiatives out of Washington.

Gridlock now looks to be built into the political system for the next two years. In many ways, that’s reassuring.
[/quote][/quote]

Gee, right-wingers are funny.

For the last six years they (the IBD very much included) have been screaming

OBAMA"S WRECKING THE ECONOMY!!!
(Actually, I should have done that Tigerman-style with 12 inch caps and rainbow colors to get the full emotional force in)

Massive hyperinflation!! Plunging US dollar!! Collapsing stockmarkets!! Trillion-dollar deficits as far as the eye can see!! Calamitous unemployment (not that they actually care)!! Exploding national debt!! Soaring interest rates as bond markets reject Obama policies!! Buy GOLDDD!!!

OBAMA IS DESTROYING AMERICA!!! :fume: :astonished: :fume: :astonished: :fume: :astonished: ( a little fred smith there)

OH, wait- none of that happened? Everything we have continuously, hysterically been predicting for the last six years was totally wrong? Everything the other guys said was right?

Gee, Republicans have been doing great all along!


#20

If you can’t beat gridlock, take credit for it. That’s bait’n’switch, er-r, hope’n’change at its best, baby.