Twice in one week. Way to go Obama. http://news.yahoo.com/brazil-stiffs-obama-oil-deal-exposing-presidents-incompetence-181200200.html

I read it a couple of times. Here's what I don't get.

 

Let's say the US "won" instead of China.

 

President Obama said "we want to be one of your best customers."

 

Who is "we?"

 

Is the US govt buying oil? Or is he talking about US oil companies?

The bottom line as far as I'm concerned is that this president has made it clear that he doesn't care what it costs consumers he's not going to allow anything that could remotely be good for any fossil fuel industry. He is so ingrained in his radical left philosophy as well as his egotistical inability to admit that he's wrong that we're all going to pay. As Mandy Connell has correctly pointed out one of the few things that could help draw or keep manufacturing businesses in Kentucky was relatively cheap energy because of coal. Now that the Obama EPA has killed that we're in a world of hurt.

I honestly do not understand how anyone with any common sense could vote for Obama.

I'm of the belief that the vast majority of people , on BGP and not on BGP, are not clear on the world of oil. So, I give the floor to Cammando to tell us why this particular Brazil issue is a failure on the President's part or what he has done to hurt the country when it comes to oil. I'm looking for details and not general statements like those made by the author of the linked story.

 

For the sake of this argument let's leave "jobs" out of it. Oil is a bigger issue than "jobs." Let's keep it on the impact, positive or negative, on the US as a whole.

 

Go.

I honestly do not understand how anyone with any common sense could vote for Obama.

And therein lies the answer to your conundrum.

Come on Clyde. You're way smarter than that. This IS the same president that has spent the last few years doing everything he can to reduce oil production in the U.S. He has cancelled and delayed hundreds of oil leases.. He re-instituted the executive moratorium on exploration in the Gulf, the Atlantic, the Pacific, and in Alaskan waters. Plenty more examples but the bottom line is that oil production the U.S. is in steep decline because of Obamas policies... And jobs are important wither you think so or not..

Interestingly, the first Obama campaign ad was recently aired (the first one I've seen, anyway), and it claims that the President has reduced US dependency on foreign oil.

Any evidence to back those claims?

Come on Clyde. You're way smarter than that. This IS the same president that has spent the last few years doing everything he can to reduce oil production in the U.S. He has cancelled and delayed hundreds of oil leases.. He re-instituted the executive moratorium on exploration in the Gulf, the Atlantic, the Pacific, and in Alaskan waters. Plenty more examples but the bottom line is that oil production the U.S. is in steep decline because of Obamas policies... And jobs are important wither you think so or not..

 

I'm giving us a chance to have legit debate. Oil is something we should be debating. All you've done is tell me what his actions have been.

 

I'm asking how those actions impact us US citizens.

Any evidence to back those claims?

 

Well, I don't write the political ads.

 

Maybe these are the sort of statistics he's hanging his hat on:

 

 

U.S. net petroleum imports have fallen to about 47% of the nation's consumption, down from a record 60.3% in 2005, Energy Information Administration statistics show. It's been 15 years since the nation's reliance on foreign oil has been this low.

Several factors figure into the import decline, but a big one is a little surprising: U.S. petroleum exploration is experiencing a quiet renaissance with the help of technology and new drilling techniques.

The number of oil rigs in production in the U.S. has reached a 24-year high, according to oil field services company Baker Hughes. In 2005, domestic production was 1.89 billion barrels. This year, experts say, production is expected to surpass 2 billion barrels.

 

 

http://articles.latimes.com/2011/oct/29/business/la-fi-oil-boom-20111029

^ Those are the stats I have been seeing also. Oil is not going to be a good topic to attack Obama on. As these stats show, US oil production is rising. The US is now a net oil exporter. Why? Because foreign nations are willing to pay more for oil than the US and that is capitalism. That is why oil prices stay high despite increased production in the US. It is increased demand world wide that keep prices high. Oil production in the Gulf of Mexico is increasing and there are huge oil fields there that are being tapped with the advances in deep sea drilling. They can now drill wells 9,000 feet below seas level which opens access to any field in the Gulf. These stats are going to be used by Obama to confront any attacks on oil policy.

I'm of the belief that the vast majority of people , on BGP and not on BGP, are not clear on the world of oil. So, I give the floor to Cammando to tell us why this particular Brazil issue is a failure on the President's part or what he has done to hurt the country when it comes to oil. I'm looking for details and not general statements like those made by the author of the linked story.

 

For the sake of this argument let's leave "jobs" out of it. Oil is a bigger issue than "jobs." Let's keep it on the impact, positive or negative, on the US as a whole.

 

Go.

Not sure you can just leave jobs out of it when asking about positive/negative impacts on the US as a whole.

I'm giving us a chance to have legit debate. Oil is something we should be debating. All you've done is tell me what his actions have been.

 

I'm asking how those actions impact us US citizens.

Filled your tank lately? Gas was $1.89 when Obama took office.

Four days before the Deepwater Horizon accident there were 55 rotary rigs actually drilling offshore in the Gulf of Mexico.

On May 28, 2010, when the administration announced the six-month moratorium on deepwater drilling, there were 46 rotary rigs operating in the Gulf.

Last week, 25 rotary rigs were operating in the Gulf of Mexico.

The Energy Department’s Energy Information Administration reports that production in the Gulf of Mexico is in decline, forecasting a decline of 250,000 barrels a day from Gulf production, due partly to the moratorium and restricted permitting.

While the annual production figure for 2010 was greater than 2009, EIA’s month-by-month production figures show a peak in May of 2010, and a relatively steady decline since.

EIA Petroleum Engineer Gary Long told trade publication E&E News that the rig count in the Gulf was cut in half after the Deepwater Horizon accident and that it wouldn’t rebound to previous levels until the end of 2011 under the assumption that the permitting process is restored to historical rates.

Further, since there is a lag time from the time an exploration permit is approved to the time of actual production, and since no only a handful of permits for new wells have been granted since April of 2010, it is likely that Gulf of Mexico production will continue to be hit hard in 2012 and beyond. http://energytomorrow.org/blog/facts-dont-support-claims-on-gulf-of-mexico-oil-production#/type/all