US clears more deepwater oil drilling in Gulf

[arabian knight]

Boy I HOPE this is true, and not just the White-house posturing again, and nothing really will happen.
Drill Baby Drill.
Open up ALL areas to drilling, and tell the Saudis to "take a Hike". To put it nicely that is. lol That is those that are Left in thew Gulf. many have pulled out to calmer climates that are not so charged with the left hysteria going on.

BHP Billiton PLC says the clearance will allow it to get back to work in its Shenzi field, located about 120 miles off of Louisiana's coast. The oil and natural gas well is located about 4,300 feet below the surface.

http://www.msnbc.msn.com/id/42048060/ns/business/

[MoonRiver]

Obama is getting blamed for the high gas prices. He is trying to blame it on the evil oil companies, but that presents a problem since his administration hasn't been issuing permits. Watch for a flurry of permits to be issued in the next couple of weeks.

[naturelover]

Originally Posted by MoonRiver

Obama is getting blamed for the high gas prices. He is trying to blame it on the evil oil companies, but that presents a problem since his administration hasn't been issuing permits. Watch for a flurry of permits to be issued in the next couple of weeks.

Why? Gas prices have been going up all over the world in all countries and it's still cheaper in the States than other places so why is Obama getting blamed for it?

.

[MoonRiver]

Originally Posted by naturelover

Why? Gas prices have been going up all over the world in all countries and it's still cheaper in the States than other places so why is Obama getting blamed for it?

The latest update is from a March 3-6 Gallup poll. The top five economic problems named this month are the economy in general (28%), unemployment (26%), the federal deficit or debt (13%), gas prices (6%), and lack of money (4%). gallup

It's the economy and gas prices are a key component of the economy. Obama has prevented drilling in the gulf, off the Atlantic coast, and in Alaska and the American people know it.

[Old Vet]

Originally Posted by naturelover

Why? Gas prices have been going up all over the world in all countries and it's still cheaper in the States than other places so why is Obama getting blamed for it?

.

Where is it more expensive than the US? I like the way you put taxes in the equation when you say things like that. Canada the UK and many other places have a higher price for gas but it is because of the tax they have on it.

[Beeman]

OH BOY!!, cheap gas is on the way! Let the good times roll....until next time.

[Old Vet]

Originally Posted by Beeman

OH BOY!!, cheap gas is on the way! Let the good times roll....until next time.

One thing you forget is Obama will be out of office before the first one can be completed.

[SquashNut]

Was Obama bragging cause we are using less oil?
Of course we are!!! No jobs to go to each morning. Of course we need less gas.

[KnowOneSpecial]

In the press conference this last week he pointed out that there's quite a few leases NOT being explored. He's ordered whoever is in charge of it to investigate why they aren't being developed.

It's almost like those benevolent folks at the oil company are holding the leases and not exploring so that they can drive the price of gas up. But they wouldn't do that to us, would they? After all, there's no such thing as a Big Bad Oil Company. They're all our bosom buddies, right?

[naturelover]

Originally Posted by Old Vet

Where is it more expensive than the US? I like the way you put taxes in the equation when you say things like that. Canada the UK and many other places have a higher price for gas but it is because of the tax they have on it.

It was just a simple question man, no need to get in a huff about it.

Why don't you have higher taxes on it like everyone else then?

.

[big rockpile]

Originally Posted by SquashNut

Was Obama bragging cause we are using less oil?
Of course we are!!! No jobs to go to each morning. Of course we need less gas.

Yea I was listening to his propaganda yesterday.Saying how Production was up,we are using less Gas because we are learning how to drive more Gas Efficient.

I really hate listening to him but I still want to have a Heads up on what carp he is going to pull next.

big rockpile

[Old Vet]

Originally Posted by naturelover

It was just a simple question man, no need to get in a huff about it.

Why don't you have higher taxes on it like everyone else then?

.

Because we don't want them. The real question is why do you have them?

[Txrider]

Originally Posted by arabian knight

Boy I HOPE this is true, and not just the White-house posturing again, and nothing really will happen.
Drill Baby Drill.
Open up ALL areas to drilling, and tell the Saudis to "take a Hike". To put it nicely that is. lol That is those that are Left in thew Gulf. many have pulled out to calmer climates that are not so charged with the left hysteria going on.

http://www.msnbc.msn.com/id/42048060/ns/business/

Hate to tell ya, but there's just not enough out there to drill to tell the Saudis to take a hike..

We get more oil from Canada and Mexico than Saudi anyway..

[MoonRiver]

Originally Posted by KnowOneSpecial

In the press conference this last week he pointed out that there's quite a few leases NOT being explored. He's ordered whoever is in charge of it to investigate why they aren't being developed.

It's almost like those benevolent folks at the oil company are holding the leases and not exploring so that they can drive the price of gas up. But they wouldn't do that to us, would they? After all, there's no such thing as a Big Bad Oil Company. They're all our bosom buddies, right?

Liberals have been playing this song for years, even though it has been thoroughly debunked. Here's an example from 2008:

Believe me, with oil at $130 per barrel, they would drill on those lands if it made sense to do so! No, not all oil and gas leases are “being used”, because not all of them have production-worthy quantities of oil or gas. Lots of people have property that is not being used, but government doesn’t use it as an excuse to take it away, or to forbid the owners from buying other property.

First, a company may lease property, but never have the funds to properly explore it or drill an exploratory well. Second, after paying for further tests (such as seismic), they often decide the lease isn’t worth the high, high costs of drilling after all. Or they may hold onto the lease for years until either higher oil prices or new technology makes it feasible to drill. Third, a company may lease property but drill on another tract (which drains a “pool” that covers multiple leased tracts), so perhaps they’re counting it as “not used” if no well is sunk on that particular piece of property. Fourth, they may try to drill and be blocked by government bureaucrats, environmental lawsuits, etc.

Finally, not all acres are alike. Some have lots of oil. Others have virtually known. Saying they’re not drilling for oil everywhere is like faulting them for not digging a gold mine on every acre. more

And this:

Nevertheless, it is a familiar talking point that Democrats have been throwing out there for years now. The Interior report Obama mentioned will probably come in the coming weeks or months and “prove” this point. Obama clearly hopes it will take the pressure off of his administration for high gas prices and throw it on the oil companies.

But is any of this true? Technically yes, says the oil industry, but the claim is extremely misleading. As Richard Ranger, a policy analyst with the American Petroleum Institute, has explained:
“The process of looking at an area that might have oil and gas potential and narrowing your search over time and over a sequence of steps to actually producing oil and gas involves kind of casting a big net first and over time through geologic work,” Ranger said. “[Y] You prioritize some over others, you may be lucky on those first ones you drill, you may not — then you drill prospects further down your priority list.”

Ranger also explained it’s not always a cut-and-dried situation. Some areas will have oil and gas, some won’t and some might have it, but it may not be economically feasible to pump it out of the ground. more

[naturelover]

Originally Posted by Old Vet

Because we don't want them. The real question is why do you have them?

Nobody "wants" taxes.

I haven't a clue why we have higher taxes on our own oil that we're producing. I don't think we should be paying more for our own home produced resource that we are producing the bulk of for other people. I think we should be charging more to any other countries who are paying less for it than we do, and paying less ourselves for what we use.

JMO

.

[Old Vet]

Originally Posted by naturelover

Nobody "wants" taxes.

I haven't a clue why we have higher taxes on our own oil that we're producing. I don't think we should be paying more for our own home produced resource that we are producing the bulk of for other people. I think we should be charging more to any other countries who are paying less for it than we do, and paying less ourselves for what we use.

JMO

.

You want me to pay your taxes?

[SquashNut]

Originally Posted by Old Vet

Because we don't want them. The real question is why do you have them?

I wonder if the Canadians selling us gas has drove the price of gas or the taxes on it up. I know Obama supposidly just made a oil purchase from their PM.

[naturelover]

Originally Posted by Old Vet

You want me to pay your taxes?

Thanks but I don't think that will be necessary. I don't object to our taxes in general and our economy is not doing so bad. I just don't like it that we pay higher prices for our own national product.

Originally Posted by SquashNut

I wonder if the Canadians selling us gas has drove the price of gas or the taxes on it up. I know Obama supposidly just made a oil purchase from their PM.

Canada doesn't sell gas to America (oh, maybe a bit of natural gas?) it guarantees to sell a pre-set amount of crude oil to America at the same prices that were agreed upon and locked into many years ago .... and then America does its own oil refining. The rest of the global market is what defines the prices that you pay for your gasoline.

Canada's PM doesn't have any oil to sell to anyone so if your president recently purchased oil from someone it must have been from somebody else.

.

[Riverdale]

http://blogs.investors.com/capitalhi...ck-of-drilling

Obama claimed repeatedly that he is not against drilling, then made the following comments:

There is more we can do, however. For example, right now, the (oil) industry holds leases on tens of millions of acres — both offshore and on land — where they aren’t producing a thing. So I’ve directed the Interior Department to determine just how many of these leases are going undeveloped and report back to me within two weeks so that we can encourage companies to develop the leases they hold and produce American energy. People deserve to know that the energy they depend on is being developed in a timely manner.

In other words, Obama is arguing that the oil companies themselves may be to blame for the fact that there isn’t more drilling. For some reason they’re ignoring making a profit. It’s a bizarro-world inversion of the usual complaint against oil companies — that they are reckless and all-too eager to despoil pristine lands in search of black gold.

[Tricky Grama]

Originally Posted by naturelover

Why? Gas prices have been going up all over the world in all countries and it's still cheaper in the States than other places so why is Obama getting blamed for it?

.

Prolly 'cause he's POTUS. LIke Bush was blamed for even the weather.