FOX: Energy Costs Cloud Obama’s Hopes for Political Turnaround

[Glaber]

FOX
Energy Costs Cloud Obama’s Hopes for Political Turnaround
[release]President Obama has rededicated himself to creating jobs this year, but rapidly increasing prices for oil and gasoline threaten that goal. And many argue the president's policies are making things worse.

One former oil man warned then-candidate Obama back in 2007.

"I said, Senator, if you don't do something in your first term, if you’re successful, to increase hydrocarbon production in this country you will be on your knees in 2012," said John Hofmeister, former president of Shell Oil.

But Hofmeister says the administration has punted on domestic production. Instead of expanding it, the oil industry says the administration has roped off some 85 percent of the outer continental shelf, leaving the industry few places to go.

The president of the American Petroleum Institute, Jack Gerard, argues that "if we open areas that are currently off limits to development, we could create more than 500,000 jobs throughout the economy, and generate an additional $150 billion in government revenue by 2025."

There is one inescapable fact. The U.S. now uses about 20 million barrels of oil a day but produces only 7 million. Hofmeister argues that bolstering that sum to 10 million barrels per day of domestic production would help hold down the price of oil.

"We'd be talking about trillions of dollars of investment if we were moving to 3 million more barrels a day of production,” Hofmeister said.

That could mean millions of jobs created and saved in the oil industry, as well as those that rely on oil, such as trucking, plastics and manufactured products of all kinds.

"Every sector of the economy depends on affordable energy -- every business owner, every worker, every household and family member, and every consumer depends on affordable, reliable supplies of oil and natural gas," Gerard said.

Global energy consumption is predicted to grow by 50 percent in the next 25 years, which will keep prices rising unless supply increases.

But Democratic analysts argue no additional offshore drilling is needed.

Kate Gordon at the Center For American Progress, the think tank led by Obama campaign adviser and White House transition director John Podesta, said more production is not the answer.

"We don't need it to produce more. Certainly it's good we have some domestic production. We don't need it to be doing more."

Many say they don’t want more drilling because they want the U.S. to move away from oil and rely instead on alternatives such as wind and solar.

"That points back to bringing demand down so that we are not dependent on oil," Gordon said.

But whatever happens with alternatives will not reduce oil consumption for years to come. And without more production, some predict consumers could see $5 per gallon gasoline at the pump by the end of 2012.

"And that's when we vote on who will be our future president," Hofmeister noted.

The prospect of consumers battered by high gasoline prices, and the economy struggling under the weight of expensive energy going into a presidential election year qualifies as a nightmare for Obama and may be something rolling around in the back of the president's mind as he considers what his energy policy should be over the next two years.[/release]
Source: [url]http://www.foxnews.com/politics/2011/01/04/energy-costs-cloud-obamas-hopes-political-turnaround/#ixzz1A9LX7RJ4[/url]

Quite frankly, we could really use the jobs.

[Pace.]

posting in a glaber thread

[Canned Induvidu]

[QUOTE=Pace.;27211360]posting in a glaber thread[/QUOTE]

Was about to say inb4 this.

On topic;
Nothing positive here, nothing new, either.

[Mr. Scorpio]

[QUOTE=Pace.;27211360]posting in a glaber thread[/QUOTE]

I think we can end the discussion now.

[Neolk]

He tries to get green energy, they scream socialism and how everything is a lie.

Oil prices go up and they say hes isnt doing enough.

Fuck you Fox News.

[Penis Colada]

Glaber why do you

[editline]5th January 2011[/editline]

Why are you

[HubmaN]

[QUOTE=Penis Colada;27212705]Glaber why do you

[editline]5th January 2011[/editline]

Why are you[/QUOTE]

There is only... Glaber

[Penis Colada]

I mean why would you even

[Swemon]

[QUOTE=Neolk;27212656]He tries to get green energy, they scream socialism and how everything is a lie.

Oil prices go up and they say hes isnt doing enough.

Fuck you Fox News.[/QUOTE]
Can't really blame fox news for that. Henry Ford did a good job with the oil business.
But I'll do it anyway, fuck you fox news

[HubmaN]

Woe to the person who has to go for a disagree on Pace's post if we're going for a menagerie.

[Panda X]

[QUOTE=Penis Colada;27212705]Glaber why do you

[editline]5th January 2011[/editline]

Why are you[/QUOTE]

I honestly think it's a clever way of trolling. What he's doing isn't against the rules. When he first started I thought he was just posting his opinion. But then the major backlash again his threads I would've thought, like anyone else, that he'd just stop because almost everyone seems to hate them and they just end up with some large argument. There would be no reason to continue posting unless he's doing it just to get a reaction out of people.

[Neolk]

Jesus christ the comments on this thing.
[quote]
Unfortunately, promoting business growth and jobs is not in this Czar's socialist agenda. While I fully believe in protecting the enviornment, some oversight, etc, it doesn't make sense to continue handcuff our companies from expanding and competing in the world market.

Czar OBAMA is clueless and would rather pass a healthcare law through bribery and payoffs, then create a single long term employment opportunity.

2012 cannot come quick enough
[URL="http://www.foxnews.com/politics/2011/01/04/energy-costs-cloud-obamas-hopes-political-turnaround/#ixzz1AABBlon5"][/URL][/quote]
Oh god Czar Obama
[quote]
Unless your a socialist, you should love oil companies, they provide the energy that made this nation great and allows you to drive a vehicle, to much socialist brainwashing going on demonizing the oil companies, plays right into Obama's hand.
[/quote]
Except for the corruption and bribery and the fucking Co2.

[quote]
And this is just the oil situation. The govenment just took control of Arizona's environmental agency and has enacted the first limits to CO2 in our nation. Guess what Obama, trees and plants thrive on Carbon Dioxide!
[/quote]
Hahhahahhaha. YA GUESS WHAT, PLANTS BREATHE Co2!
[URL="http://www.foxnews.com/politics/2011/01/04/energy-costs-cloud-obamas-hopes-political-turnaround/#ixzz1AABlpY9t"][/URL]

[Col. Buggernuts]

What is it with Americans and the use of the word Czar? The last one of those got the shit shot out of him by Lenin & Co.

[Glaber]

Could of fooled me with the Czars Obama appointed.

[Madman_Andre]

Oh, look, another Glaber thread.

:munch:

[Prismatex]

[QUOTE=Glaber;27216274]Could of fooled me with the Czars Obama appointed.[/QUOTE]

or the czars bush appointed
or the czars reagan appointed
etc

what the fuck are you trying to say
you literally just repeat whatever you hear on talk radio

[Hail Satan]

[QUOTE=Glaber;27216274]Could of fooled me with the Czars Obama appointed.[/QUOTE]

isn't czar a term invented by the media?

[Sigfrial]

[QUOTE=Glaber;27216274]Could of fooled me with the Czars Obama appointed.[/QUOTE]

[quote=Wikipedia]Like many lofty titles, e.g. [URL="http://en.wikipedia.org/wiki/Magnate"]Mogul[/URL], Tsar or Czar has been used as a [URL="http://en.wikipedia.org/wiki/Metaphor"]metaphor[/URL] for positions of high authority, in English since 1866 (referring to U.S. President [URL="http://en.wikipedia.org/wiki/Andrew_Johnson"]Andrew Johnson[/URL]), with a connotation of dictatorial powers and style, fitting since "Autocrat" was an official title of the Russian Emperor (informally referred to as 'the Tsar'). Similarly, [URL="http://en.wikipedia.org/wiki/Speaker_of_the_United_States_House_of_Representatives"]Speaker of the House[/URL] [URL="http://en.wikipedia.org/wiki/Thomas_Brackett_Reed"]Thomas Brackett Reed[/URL] was called "Czar Reed" for his dictatorial control of the [URL="http://en.wikipedia.org/wiki/United_States_House_of_Representatives"]House of Representatives[/URL] in the 1880s and 1890s. In the United States the title "czar" is a slang term for certain high-level civil servants, such as the "[URL="http://en.wikipedia.org/wiki/Drug_czar"]drug czar[/URL]" for the director of the [URL="http://en.wikipedia.org/wiki/Office_of_National_Drug_Control_Policy"]Office of National Drug Control Policy[/URL], "terrorism czar" for a Presidential advisor on terrorism policy, "cybersecurity czar" for the highest-ranking [URL="http://en.wikipedia.org/wiki/Department_of_Homeland_Security"]Department of Homeland Security[/URL] official on [URL="http://en.wikipedia.org/wiki/Computer_security"]computer security[/URL] and [URL="http://en.wikipedia.org/wiki/Information_security"]information security[/URL] policy, and "[URL="http://en.wikipedia.org/wiki/War_czar"]war czar[/URL]" to oversee the wars in [URL="http://en.wikipedia.org/wiki/Iraq_War"]Iraq[/URL] and [URL="http://en.wikipedia.org/wiki/War_in_Afghanistan_%282001%E2%80%93present%29"]Afghanistan[/URL]. More specifically, a czar refers to a sub-cabinet level advisor within the executive branch of the U.S. government. [b]One of the earliest known usages of the term was for Judge [URL="http://en.wikipedia.org/wiki/Kenesaw_Mountain_Landis"]Kenesaw Mountain Landis[/URL], who was named commissioner of baseball, with broad powers to clean up the sport after it had been dirtied by the [URL="http://en.wikipedia.org/wiki/Black_Sox_scandal"]Black Sox scandal[/URL] of 1919[/b][/quote]
You're about 90 years late to comment on someone in America using the term "Czar". :razz:

[Bluesummers]

[QUOTE=Neolk;27212656]He tries to get green energy, they scream socialism and how everything is a lie.

Oil prices go up and they say hes isnt doing enough.

Fuck you Fox News.[/QUOTE]

We want real green sources that are cheep and profitable. Untill then we really should start using all of our own domestic oil so that we can drive the cost of it down.

This is not a bad idea, but after the gulf people think all off shore drilling is bad.

If you think there is a real green alternative let me know, because last I checked nuclear power was the only good idea on the table and democrats and republicans alike think that nuclear power means 3 headed babies.

[Uberman77883]

Cap and Trade really isn't pushing green energy.

Its just a form of revenue for the government and smaller businesses, basically large industries that produce a lot of emissions buy up "caps" so that they can continue to produce larger emissions, and you buy said caps from the government/smaller business.

[yakui]

more e85!

[editline]5th January 2011[/editline]

seriously it's cheaper and higher octane and locally grown and I can't find a single goddamn station anywhere

[TH89]

[QUOTE=Neolk;27213195]Hahhahahhaha. YA GUESS WHAT, PLANTS BREATHE Co2!
[URL="http://www.foxnews.com/politics/2011/01/04/energy-costs-cloud-obamas-hopes-political-turnaround/#ixzz1AABlpY9t"][/URL][/QUOTE]
Some people say New Orleans flooding was a "natural disaster." GUESS WHAT PEOPLE WE NEED WATER TO LIVE

[evilking1]

[QUOTE=edberg;27220929]more e85!

[editline]5th January 2011[/editline]

seriously it's cheaper and higher octane and locally grown and I can't find a single goddamn station anywhere[/QUOTE]

and it has less energy content so you'll wind up using more of e85 than regular fuel

[Prismatex]

[QUOTE=edberg;27220929]more e85!

[editline]5th January 2011[/editline]

seriously it's cheaper and higher octane and locally grown and I can't find a single goddamn station anywhere[/QUOTE]

except corn is already grown too much