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Old 12-28-2010, 07:44 PM   #11
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Originally Posted by Boatjob1 View Post
Get used to it!
With Dimwit shutting down the drilling for a while, then delaying the permitting process, we are doomed for higher prices in the future......... Within 24 months we will be sitting around talking about remembering when gas was only $3 a gallon........
Pops told me most of the bigger boats have already shipped off to Brazil. He also told me there government only allows the captain and first mate to be non brazillians. So we are not drilling b/c even though the ban has been lifted the permits were not extended and our citizens can't even work at the other option. Nice. I paid $84 to fill up my truck today. Nicer.
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Old 12-28-2010, 08:09 PM   #12
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I am on the phone with 100's of Oilfield workers (both boats and rigs) EVERY week now that are unemployeed, have had there pay cut, had there hitches shortened, or have been notified of a upcoming lay off ALL due to the current political nightmare. A VERY good article to give you more info on whats actually going on.
http://www.foxnews.com/politics/2010...s-decades-end/
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Old 12-28-2010, 09:28 PM   #13
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On the main drag (98) in Destin, prices are 3.15- 3.25.

They got us accustomed to these prices after Ivan, and now they know we will still drive at these prices.
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Old 12-28-2010, 09:34 PM   #14
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Buddy at work said he heard $5.00 gallon by 2012!!!!!!!!
That is gonna hurt.
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Old 12-28-2010, 09:56 PM   #15
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Not looking good. Fits into Obama's plan.
Ex-Shell president sees $5 gas in 2012

http://money.cnn.com/2010/12/27/mark...ties/index.htm


Obama couldn't pass cap and trade... says there "more than one way to skin a cat"... this is the beginning and it will be ugly, across the board.
EPA moving unilaterally to limit greenhouse gases
(AP) 4 days ago
WASHINGTON (AP) Stymied in Congress, the Obama administration is moving unilaterally to clamp down on greenhouse emissions, announcing plans for new power plants and oil refinery emission standards over the next year.

http://www.google.com/hostednews/ap/...1fdacdcbeb06dc
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Old 12-28-2010, 11:17 PM   #16
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This is all part of the " Change " it was all planed , get use to it.

The oil drilling equipment went elsewhere and will not be back

" Change you can believe in"

Obama gives 1 billion to Mexico for offshore oil drilling after banning US from drilling

Plus
Obama administration is borrowing $2 billion to lend to Brazil so it can drill off its eastern coast and boost their economy , yet will not support oil drilling in American waters.

The Wall Street Journal reports that the Obama administration has agreed to lend $2 billion to Brazil's state-owned oil company for exploration .

Yes $5. a Gal in another year , this time it will not come down.

Isn't this guy Great ? who cares if he is the least qualified person in any room he enters
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Old 12-29-2010, 10:59 AM   #17
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So, wait, when it hit $4/gal under GW it was those nasty oil companies and now it's Obama's fault? AHAHHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHA

Yeah, probably doesn't have anything to do with the recent announcement by opec ministers that they would not be raising output... Now, if you were a speculator and you thought demand was going to climb due to global economic recovery and OPEC was going to keep output levels the same what would you do? You would buy if you are smart. What happens when speculators start buying? Price goes up.

Oh, then there is the fact that oil companies still have a surplus of oil sitting, already pumped. Speculators are driving the price up right now and as long as there is not a REAL demand then OPEC is not going to increase production.

Try looking at Wall Street again.... Capitalism is hard at work in the oil industry.


http://af.reuters.com/article/energy...BrandChannel=0

Last edited by WW2; 12-29-2010 at 11:25 AM.
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Old 12-29-2010, 11:31 AM   #18
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Quote:
Originally Posted by WW2 View Post
So, wait, when it hit $4/gal under GW it was those nasty oil companies and now it's Obama's fault? AHAHHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHA

Yeah, probably doesn't have anything to do with the recent announcement by opec ministers that they would not be raising output... Now, if you were a speculator and you thought demand was going to climb due to global economic recovery and OPEC was going to keep output levels the same what would you do? You would buy if you are smart. What happens when speculators start buying? Price goes up.

Oh, then there is the fact that oil companies still have a surplus of oil sitting, already pumped. Speculators are driving the price up right now and as long as there is not a REAL demand then OPEC is not going to increase production.

Try looking at Wall Street again.... Capitalism is hard at work in the oil industry.


http://af.reuters.com/article/energy...BrandChannel=0

You are precisely true on your statement, now it's Obama's fault. It is his goal/agenda to totally collapse the American economy. Only way to put the entire global work force on an even playing field. Take from the dirty filthy rich ( Americans ) and give to the poor ( the rest of the world ). Global redistribution of wealth at the expense of the American taxpayers. Welcome to Obamaworld, or in other words Obamanation.
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Old 12-29-2010, 11:43 AM   #19
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With our Nation headed in this direction, it will soon become a National Security issue.

Former Oil Exec Predicts $5-a-Gallon Gas by 2012, Energy Shortages by Decade's End


Published December 27, 2010 |

The former president of Shell oil is predicting that the United States will face 1970s-style energy shortages and rationing by the end of the decade, accusing the federal government of turning its back on the country's domestic oil supply.
The dire prediction comes as energy analysts toss out a string of frightening predictions about the rising price of oil in the short term. Oil has topped $90 a barrel, and JP Morgan Chase & Co. earlier this month predicted oil could hit $120 a barrel by the end of 2012. At the same time, the national average gasoline price is about $3 a gallon for the holiday season
But former Shell executive John Hofmeister offered a more aggressive estimate, saying Americans could be paying $5 a gallon in two years. And he predicted that sometime between 2018 and 2020, supply and demand will become so out of balance that gas stations in several regions of the country will simply start to run out.
"I think it's going to be a cumulative problem that won't happen suddenly," Hofmeister, who now heads Citizens for Affordable Energy, told FoxNews.com. He predicted the problem would start with "stockouts" at select gas stations during the summer and during bad weather and then spread. He said those states farthest from refineries would get hit the worst and that in order to maintain some consistency, local and state governments might resort to the kind of rationing they employed in the early '70s -- when drivers with even-numbered license plates would buy gas on even days, and vice-versa.
With this kind of possibility on the horizon, Hofmeister, who earlier aired his concerns in an interview with Platts Energy Week, criticized the administration for cracking down on domestic oil drilling in the wake of the BP oil spill in the Gulf of Mexico.
"It is pure politics that keeps us from drilling more of our own resources," he said.
The Interior Department announced earlier this month that it would not pursue any new drilling off the East Coast or in the eastern Gulf of Mexico for at least seven years. Planned lease sales would be pushed off until late 2011 or early 2012.
"As a result of the Deepwater Horizon oil spill we learned a number of lessons, most importantly that we need to proceed with caution and focus on creating a more stringent regulatory regime," Interior Secretary Ken Salazar said in a written statement at the time, calling the new plan a "careful, responsible path."
The April 20 explosion on the Deepwater Horizon rig killed 11 people and opened up a leak that gushed oil into the Gulf for months. The decision to tighten Gulf drilling regulations was cheered by environmental groups. The Sierra Club said the BP disaster showed how "dirty, deadly and dangerous offshore drilling is," applauding the administration for heeding those lessons -- the group praised the administration for moving to support alternative-energy investment like wind power.
While clamping down on domestic energy production, the Obama administration has invested billions in renewable energy sources via last year's stimulus bill and has pushed improved energy efficiency for a range of products in a bid to at least keep demand a bit lower in the long term. New emissions standards for cars and trucks will soon mandate an average fuel economy of just over 35 miles per gallon for new vehicles by 2016.
In addition, the Interior Department is continuing to honor leases for oil drilling in the Arctic.
But government-fueled investment in alternative-energy research takes time, while other options, like nuclear energy, are slow and costly to get off the ground. Hofmeister, noting that domestic oil production has dropped from 10 million barrels a day just a few decades ago to about 5 million a day, said the United States could address its short- and medium-term energy needs by expanding drilling at existing sites and exploring new sites. He said that could help bridge the gap toward ultimately implementing alternative energy sources on a wide scale, as well as improving mass transit.
Oil industry organizations joined together this month in predicting the new regulations on domestic oil production would hurt the economy and increase dependence on foreign oil. The president of the American Petroleum Institute plans to deliver a speech next week in Washington, D.C., on how domestic oil and natural gas production can help stabilize the country.
Oil and gas magnate T. Boone Pickens is likewise pushing for U.S. production of both those energy sources in his high-profile campaign to pry the country off foreign oil. But that's just one component. His Pickens Plan organization argues that while the U.S. needs every ounce of domestic energy it can muster, there's not enough oil in all the potential U.S. deposits combined to make up for the 12 million barrels the United States imports every day.

Last edited by Boatjob1; 12-29-2010 at 12:29 PM.
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Old 12-29-2010, 12:21 PM   #20
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You are precisely true on your statement, now it's Obama's fault. It is his goal/agenda to totally collapse the American economy. Only way to put the entire global work force on an even playing field. Take from the dirty filthy rich ( Americans ) and give to the poor ( the rest of the world ). Global redistribution of wealth at the expense of the American taxpayers. Welcome to Obamaworld, or in other words Obamanation.
Yeah, I know what you mean. It's only been since Obama took office that companies started moving jobs overseas.... (heavy sarcasm btw.)ROFL.

What's really funny is that GW was in office when the economy collapsed. It's growing under Obama. Last time I checked the tax cuts were passed and even increased the amount of money that the rich and give to their kids without paying taxes.

The economy is improving, the market is going up.

If Obama's agenda is to crush the American economy he sure is doing a piss poor job because it's getting better everyday. Last time I checked most of the companies that were given money from the tarp have paid it back with interest and those that have not are very close. Hell, it almost made money for the government.

GM is the perfect example.

The only thing not changing is the unemployment rate and unless the "rich" take their tax breaks and start hiring people that isn't going to change. American companies are recording record profits and are not hiring Americans. They are maximizing their profits and going overseas to hire.

Oh, and the increase of the middle class in overseas markets will actually help us because when all is said and done it will eliminate the "cheap labor" factor and jobs will start moving back to the US because without the cheap labor factor it becomes more attractive to have the products made where they are purchased. Actually, many companies have started moving back because chinese labor is not as cheap as it used to be and the cost to make it there and then ship it here is starting to swing in the other direction. There was a major toy company that moved all of it's production back to the US about a year and a half ago. You must have missed it.

Oh, and your global redistribution of wealth theory is also wrong. You need to do a little research on who is getting the higher paycheck and paying less in taxes and who is making less money and paying higher taxes. Hint, it's not the upper 5%.
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