"somthing must be up," yeah the Government's profit.

You don't hear the MSM and this administion complaining about this....do you?

 

While true, does that mean we should put the burden on others ? You make it sound as if this call to produce alleviates the US from trying to help with our own consumption.

The profits would be up, they are in terms of percentage of revenue. If the cost of oil is up, the profits would be up. Also take into account how far down revenues have been at oil companies since 2007.
Also look at it this way, if the profits are up, that means the amount of taxes the company pays will also be up.

The oil supply is up, but the finished product supplies ( gas ) are dropping.
This would point to a refining shortage.

You are trying to correlate 2 commodities without taking into account what takes place to get it from 1 form to the finished product, it is not a 1:x ratio of the cost of a barrel of oil to the cost of a gallon of gas, there are several products made from that barrel of oil, in the vertical distillation tower.

Keep in mind, the refining capacity is on par with 2003 or 2005, no expansion of refineries or new refineries have been built in quite some time.

Try reading some information on what you are asking, instead of repeating what someone said on TV. You are assuming that they know what they are talking about, or telling the whole story.

 

Im just saying we cant be independent from foreign oil, and yes production should be increased. If were going to be more energy independent, we need alternatives


Thats what I was thinking I just wasnt too sure.




My dad always said that about the refineries, there definetly should be more. Yes I read, so do you agree that fox and msnbc dont tell the whole story? the only real sources of unbiased media is government websites like mi.gov or other sites like that

 

Well if they are doing well why not get rid of the subsidies? they do not seem to need it

 

yea whitehouse.gov is a very reliable website

 

then tell me what is reliable?

 

My ford is very reliable... China just went over 1.3 billion folks there and India is closing in. The USA is will be making a big turd very soon with the leaders we have, all us sheeples will follow the ole USA right off the map.

Other countries (sheeples) do something but we in America have become complacent and as long as we can keep our tax paying heads in the sand or look the other way while the country around us crumbles then we will continue our desent into a 3rd world country; with a downward spiral unseen by any civilization to date. Go ahead laugh it's funny right now.. but them folks over in the middle east protesting has huge cosones and we could use some here. I know there many folks here that are pissed but there simply is not enough to get anything done, the almighty dollar is king in the USA whomever has the most has the power...

 

Nice, ford is reliable no one has the brass truck nutz to get anything done!

 

This is our future?

We are indeed doomed!

 

The statement by your beloved POTUS had nothing to do with being energy independent. It was all about the price of oil hurting the world ( read the US ) economy.

If you are not sure, either do the research, or don't pitch out posts like this, that make it seem as if the oil companies are at fault.

Who is going to build them & where ?

The government makes it very difficult to build new ones these days with all the regulations, and nobody wants it in their back yard.

Get used to it, unless someone gets a lot of funding, there will be no additional refining capacity unless someone figures out a better process of refining the oil, that does not cost 5x what it does today.

Not too sure what you are reading, might want to try another source. On the surface you seem to parrot what the main stream media reports.

Never said that, those are your words.

Depends on the topic, as to what I read. In the other thread where you have misconceptions about the Plan submitted by the house, I read the actual report. It is 79 pages that provides details on cuts that include millirary spending cuts, that are to go directly to the bottom line ( not become part of another line item's budget for FY2012 ).
I have read your posts where you claim it to be 300 + pages and have not cuts to the defense budget, not too sure where you get that info from.

Stop reading blogs and watching John Stossel, and start reading what you are commenting about yourself ( the actual document, not the cliff notes version as given by John ).

 

http://www.suntimes.com/news/5055736...-had-been-born

 

The key to what you said is "US production." "Worldwide" production is down, especially in Saudi Arabia, as they are beginning to run out of oil.

I keep telling people this but no one seems to understand. Oil is going up because of lowered production, ME unrest, and the weakening of the US dollar. This weakening is the reason gold is hitting record highs and is now above $1500/ounce.

As long as oil is priced in dollars and the value of the dollar goes down, the price of oil goes up.

 

That will never happen but if you want "your country to be saved" maybe your god would probably listen to you if you joined Steven Aderson in prayer.

http://www.youtube.com/watch?v=MYqsTJXA1p8&feature

 

Just about what you'd expect from MSNBC. A ton of the same type of violent hate talk from the liberal side and you NEVER HEAR SO MUCH AS A WORD on the main line (read liberal left) media. Sounds fair right??? TYPICAL!

 

Comments not in context of the original discussion and subsequent comments.
Not arguing your valid points, just pointing out a shift in your direction not congruent with the comments and quotes.