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Obama wants to cut oil imports by 1/3 by 2021

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Old 03-31-2011, 08:52 PM
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Bike123 Bike123 is offline
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Re: Obama wants to cut oil imports by 1/3 by 2021

Shutting refineries raises the price of refined product, but drops the price of crude (less supply of gasoline, less demand for crude).

Any post-208 Odell references? Why are oil companies drilling to extreme depths if they can just open the taps? They like spending money?

One gusher just doesn't go very far in supplying the US's fuel demands.
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Old 04-01-2011, 09:59 AM
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Re: Obama wants to cut oil imports by 1/3 by 2021

Virtually every president since the oil crisis of the early 70's has promoted similar ideas. And we are in worse shape now than then. For the most part the American people are too blinded by things like "American Idol" to care. When the sh*t finally does hit the fan (permanent recession caused by unfordable energy prices for the middle class?) , then the reaction will be the govment should have done something. The doctrine that "conservation is not an energy policy" is fully entrenched in most minds. I am told frequently that we have enough oil for hundreds of years if only the pinko environmentalists would let the oil companies drill. Most of those folk think you simply drill into shale rock and a Hollywood type gusher will ensue.
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