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EducateWorthington.org

The 912 Project - Glenn Beck

912 Group of Central Ohio

Please let me know if you'd like your link added

All of this has certainly been interesting to say the least.

We all wonder what could be causing a rise in oil & gas prices?

I'm shocked it hasn't been mentioned that the oil is being traded more and more based on the Euro instead of the US dollar. Would that have anything to do w/it?

It's really not that we have a shortage of crude to be refined, we seem to have a shortage of facilities to refine it.

There hasn't been a new refinery brought on line in the US in over 25 years due to the enviroweenies having managed to have raised the cost of building permits to the point that construction is cost prohibitive. I believe at one point we had over 150 refineries in the US and that number is now roughly under half of that.

Not to mention neither party is willing to drill in Anwar or any other place in the US that  we've found large deposits of crude.

Then last week Speaker Nancy & friends aren't in favor of keeping tax breaks for our oil companies instead taxing their profits to the point that's less money for their use in oil exploration.  

Now can anyone provide the answer as to why oil is being traded more in the Euro instead of the US dollar?

I suggested increased domestic drilling to someone recently as a solution to the higher gasoline prices and their response was, "...only if we can do it without destroying all the habitat of the animals...."

The propaganda machine of the Political Left has done a great job of scaring people that the U.S. oil companies are wantonly polluting the earth and that we are killing off wildlife to extract oil.

We will not achieve energy independence under this climate of fear.

We will continue to send our treasure to third world extremist regimes.



 

The propaganda machine of the Political Left has done a great job of scaring people that the U.S. oil companies are wantonly polluting the earth and that we are killing off wildlife to extract oil.

We will not achieve energy independence under this climate of fear.

 

Counter, I agree with you but I am mystified as to the *motivation* of the Political Left. They certainly must understand that modern drilling and nuclear power can both be done without environmental harm, yet they persist in spewing alarmist rhetoric.

For what purpose?

 

Tweet asked:

Now can anyone provide the answer as to why oil is being traded more in the Euro instead of the US dollar?

Because the dollar is weak.  Having Euros gives you the opportunity to have more dollars with which to buy other commodities/goods (traded in dollars) until an equilibrium is reached between weak dollars and inflation in dollar prices.

By the way speculators that are pushing up the price of oil are also pushing down the value of the dollar by increasing the demand for other currencies (especially the Euro) with which to buy oil.

As far as ANWAR is concerned the proven reserves would only replace the oil the US buys from Saudi Arabia, Venezuela and Nigeria for three/four years.  (see URL below for where US imports oil.

As far as Marc's call for more electricity (nuclear etc.), unless cars are made to run on electricity (or hydrogen derived from electrolysis) there will be little impact on the consumption of oil.

Forget biofuels as a significant factor.  The food downside is too great for the option to be sustainable

As far as new refineries/nuclear not only are environmental factors to be considered but there is also the NIMBY phenomenon for siting.

And let us not forget the "I have a RIGHT to a Hummer if I want one and can afford it and the gas to run it." way of thinking.

We need to pay back our debts, personal by reducing our personal spending and our public (foreign) debt by higher taxes (oops sorry) both of which will of course put us into another vicious cycle.  The foreign public debt is perhaps our most critical security risk even greater than terrorism because it will affect all of us.  This foreign public debt is in part a result of our buying so much stuff made abroad (the trade deficit).
We should start paying for the credit card funded military actions with higher taxes we would also have less money to buy foreign produced goods thus reducing our trade deficit.  This might bring about a world wide recession.

Of course we could also eliminate entitlements, use that money to pay for the credit card wars and with the "entitled" having less money to buy cheap products we would also have a reduction in our trade deficit.  But then we would have real social unrest.

Two sites: http://www.eia.doe.gov/pub/oil_gas/petrole...ent/import.html
http://www.mines.edu/Research/PTTC/newslet...204/v4n2p4.html

To summarize:  The Shadow believes we are in deep doo-doo of our own making.

This of course is Shadow economics :lol:

The Shadow worries for the children and grandchildren  :unsure:  :ph34r:

The propaganda machine of the Political Left has done a great job of scaring people that the U.S. oil companies are wantonly polluting the earth and that we are killing off wildlife to extract oil.

We will not achieve energy independence under this climate of fear.

 

Counter, I agree with you but I am mystified as to the *motivation* of the Political Left. They certainly must understand that modern drilling and nuclear power can both be done without environmental harm, yet they persist in spewing alarmist rhetoric.

For what purpose?

I can only conclude that it is an anti-capitalist agenda.

For example, if they really cared about tne environment, they would want factories of the world to locate in the U.S. where regulations and private property rights exist. This is truly the cleanest country on the planet.  Wealth, dignity, and private property rights are what keep these things clean. Without those things these other countries can't even manage basic sanitation.

Another, profitable companies can afford to pay employee pensions. Without profits we are forced to rely on the State.

They know all this.

There is a significant minority on the Left that wants to bring the U.S. to its knees. They have successfully dumbed-down the American people and they have made them fearful of their own accomplishments.

The growing dependency on foreign interests for our energy and debt, and the growing domestic entitlement time-bomb are a recipe for national collapse and the headlines in the news are proof that it is working.

I don't believe it has to be this way, but we are on a course that shows no sign of diverting.

[ANWR to be opened by $125 per barrel!]

As far as ANWAR is concerned the proven reserves would only replace the oil the US buys from Saudi Arabia, Venezuela and Nigeria for three/four years. (see URL below for where US imports oil.

ANWR to be opened by $125 per barrel!

Washington -  Alaska Senators Lisa Murkowski and Ted Stevens have introduced legislation, “The American Energy Independence and Security Act of 2008”, to open the 10-02 Area of ANWR to oil and gas leasing due to the high price of oil.  The price of oil has broken world records for the past consecutive week and now sits at $110 per barrel. The bill states that if the price of oil reaches $125 per barrel for five days or more that the 10-02 Area of ANWR should be opened for leasing.  
Similar to many previous ANWR bills the new bill limits the development footprint within the 10-02 Area to 2000 acres, and mandates the use of the “best developmental technology available”.  The legislation further states that half of the first $3.5 billion of lease sale royalties be used to fund development of alternative “green” energies as set up by the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007.  The other half of the lease sale royalties would go to LIHEAP or Low Income Home Energy Assistance Program, and the Women’s Infants and Children’s Nutrition program. The Office of Management and Budget states that it’s estimate for Federal tax revenues from oil production in the 10-02 to be between $152 to $237.5 billion.  Murkowski & Steven’s new bill would order these production tax revenues to be divided in the same fashion as the lease sale royalty monies. This would cover LIHEAP, Children’s Nutrition and alternative energy development with tens of billions of dollars for over 30 years. ANWR oil is unique among energy sources as its development costs the American tax payer nothing and will contribute hundreds of billions of dollars to Federal coffers, something no other energy source does.

The price of oil is high due to the extreme tension between high demand versus short supply which in the US has reached just 1% or less difference or leeway between the two.  This is exacerbated by the weak dollar against other hard currencies, and political unrest in oil producing regions of the world.  The price of oil varies by the type of crude being traded and is set on free market principles traded on commodity exchanges such as the New York Mercantile Exchange or NYMEX.  Traders bid on future deliveries of oil based on what they think the market demand will be often in a months time.  

The US consumes 20 million barrels of oil a day.  Sixty five percent of that oil must be  imported due to environmental lock-up restrictions on oil production on America’s offshore Outer Continental Shelf (OCS) and areas like the 10-02 Area of ANWR where huge oil and gas deposits are known to exist.  Environmental groups have been successful for 25 years in stalling or blocking legislation to open up these areas due to an uncompromising belief that any human development destroys nature and the two are not compatible.  The 10-02 Area of ANWR was created with the expansion of ANWR in 1980 and defined specifically as and area “for the study of oil and gas development”.  It is believed, by geologists and the United States Geological Survey to contain the largest oil field to be found in the world in over 30 years.  Yet 10-02 Area cannot be opened without permission from Congress and signature by the President which has yet to happen.  In 1995 Congress approved the opening of ANWR yet this was vetoed by President Clinton.  Had Clinton not done so, ANWR would be contributing over 1 million barrels of oil to our nation today.  ANWR’s 10-02 Area is estimated conservatively to contain the equivalent of over 30 years worth of Saudi oil.

The oil America imports currently cost the nation $1,500,000,000 a day and remain the single largest drain on the economy.  The two Alaskan senators were adamant that at $125 per barrel the time was now to open the 10-02 Area.  At estimated flow rates and using $125 per barrel price level ANWR 10-02 oil could save the nation between $125,000,000 to $187,500,000 a day for decades.  The opening of the 10-02 Area of ANWR is supported by the Alaskan Native communities that live there, the Alaska State Legislature, the Governor of Alaska and over 75% of Alaskans.  

http://www.anwr.org/index.php?option=com_c...id=81&Itemid=65
 
 

[another 25%]

As the above article demonstrates, the pain and suffering is just not great enough.
Oil prices have to go up almost another 25% before we can drill for our own oil.

Too bad you poor shmucks - Congress knows best.

I'm not going to try the normal quote and in quote for this thread.

There recently was another deposit of oil found in the area of South Dakota, Wyoming and Nebraska which is estimated to rival that of large Saudi oil finds. Working on relocating that article. I was able to see that we found another estimated 20 year deep water deposit 125 miles south of New Orleans.

Our govt engaging in the enthol hoax thus artificially driving up food costs for the US is not only unthinkable at best, there is a failed public out cry. Of all the investigations to engage in this is the one yet can we find one single elected representative on either side of the isle to jump up & down about it? Well of course not they're too far indebted to their special interests.

Counter:

they would want factories of the world to locate in the U.S. where regulations and private property rights exist. This is truly the cleanest country on the planet. Wealth, and dignity, and private property rights are what keep these things clean. Without those things these other countries can't even manage basic sanitation.

Profitable companies can afford to pay employee pensions. Without profits we are forced to rely on the State.

 Yes you are right but all those things cost money that the other side of the equation, the consumers are unwilling to pay.

It is time to stop blaming "the Left" for the current situation.  The lure of cheap products and the natural inclination for "something for nothing" (or at least for much less) is one reason for this situation.  

They have successfully dumbed-down the American people

It is not the "Left" that has given us "American Idol" and the reality shows nor is it the LEFT that has dumbed down science and given us Creationism and ID.

It is not the "Left" that has given us a war paid by credit card and actually physically only by those who are sent to be shot at.  It is not the "Left" that gave us the unfettered sub-prime mortgage crisis.

It is not the "Left" that lures us with gas guzzling vehicles.

As long as the "Left" is used as the scapegoat for the general behavior the situation will not be solved

The Shadow knows  :ph34r:
 

When there are constant new oil finds coupled w/the Russians cries of "peak oil" as a zionist scheme. who's zooming who when it comes to what size of vehicle that is driven?

Everyone has the right to drive whatever size vehicle they so choose and unfortunately the cry of vehicle downsizing comes from our progressive, left, dimocrat, socialist, marxist and communists friends. Please show me if the dreaded vehicle downsizing call has come from the right, capitalist, conservative or zionist crowd.

Tweet must drive a Hummer  :lol:

The Shadow  :lol:  

So what if I do?

Who are you or anyone else to dictate whom can drive what kind of vehicle?

I notice your failure to address the failings of your own party to fully ensure true energy independence.

Your not failing us Dr. Otto Marxist.

An explanation

http://biz.yahoo.com/ap/080317/oil_prices.html

(in addition to Tweet's Hummer  :lol: )

The Shadow   :ph34r:

Shadow says:

It is not the "Left" that has given us "American Idol" and the reality shows nor is it the LEFT that has dumbed down science and given us Creationism and ID.

Is it "the left" that is failing to educate a majority of our children, to the point that they don't know or understand many of the basic concepts we are talking about here? (refer to thread "F in Science A in Self-Esteem")
 
Uneducated masses in a democracy sounds like a recipe for disaster, doesn't it?

FII

Is it "the left" that is failing to educate a majority of our children, to the point that they don't know or understand many of the basic concepts we are talking about here? (refer to thread "F in Science A in Self-Esteem")

The concept of self-esteem has been around for a long time (before what is currently called the "left").  The "little engine that could" "Yes I can, Yes I can" is just that kind of effort.

Self esteem accompanied by arrogance and lack of understanding can also be found among the "right".  However, to be effective in progress, self esteem has to be accompanied by humility which is the admission that one can be wrong without being diminished.   Self esteem accompanied by prejudice and absolute certainty is destructive.

On the other hand without the belief that "yes I can" there is no progress either individually or in a society.  The whole rhetoric "we are Americans and nothing is impossible" is an effort at collective self-esteem.  Without it, faced with the many problems that confront us we would give up.  But, because of it we will not.  That does not mean that we will agree on the best solutions.  We each have the "self esteem" to "know" that we are right  
 
The reality is that today's society has to deal with great differences in expectations among different segments of the population and that, because of the very human desire for what is easy (laziness) leads to the mediocre.  

Uneducated masses in a democracy sounds like a recipe for disaster, doesn't it?

It does not just "sound" like.  It is.

The Shadow knows  :ph34r: