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Your opinion on the job that President Obama is doing so far (1 Viewer)

Your opinion on the job that President Obama is doing so far

  • strongly approve

    Votes: 43 17.8%
  • mildly approve

    Votes: 43 17.8%
  • mildly disapprove

    Votes: 31 12.8%
  • strongly disapprove

    Votes: 121 50.0%
  • neutral/no opinion

    Votes: 4 1.7%

  • Total voters
    242
There's no time like the present to address these issues. You expect them to be elected yet not bring up things that are central to their beliefs? Sorry if the timing doesn't suit you. You may not pay down debt, but you do start cutting your spending when you're struggling to pay your bills.
Really? Did you pay cash up front for your college education? I didn't. I took out student loans. I was fortunate that I could borrow cheap money to do it, and that investment has paid off big time by providing me with a career I'd never have gotten without my college education. If I had set my goals lower, I could have paid off my bills, kept my job bagging groceries, and maybe moved up to cashier if I'd played my cards right. That would have been the fiscally responsible thing to do.

But instead, I invested in my future, like someone who believed that they could do more than just survive. I planned on growing, and I did, using debt when I didn't have money, and paying it down when I started earning. Since then, my income has continued to grow, and I've occasionally borrowed money for large purchases or to cover major life events.

And yes, I pay off my debt, but I do it the way successful companies do, and the way the government should, too. I pay down debt when the interest is more expensive than what I could earn on my money right now. I make an educated decision on what to buy based on how much it would cost, including interest, and sometimes I pay down extra against the principle, if I am flush with cash or if putting my money in savings would earn less than what I'm paying in interest.

What I absolutely do not do is wait until I've lost my job and I'm broke, then start pointing fingers at my old boss, sell my car and my work clothes and my computer to pay down debt, and then try to find a way to get some income again. That would be ridiculous. I don't run my life like that and I don't support it in public policy, either.
A complete overreaction. All that is happening is turning a ship around. These were minor steps and if you think the debt limit debate was extreme, you are in for a rude awakening. My wife and I don't wait to time our payments for when rates are right, we do it as soon as possible. We paid our 30 year mortgage in 12 years. We paid off our Explorer in a couple of years. We use a line of credit for home repairs and pay it off asap. When we owe, we scrimp until it is paid off. We are close to buying a 3 family home as a rental property. Believe me, we will be bare bones, pasta and pizza until most of it is paid off. We don't buy anything that we won't be able to pay off quickly and even then we live a low-key life. I don't buy every gadget on the market, my wife only goes shopping when she needs to. Blame Obama, blame Bush, who cares. This me attitude has to change. I'm not talking about you, but society in general.
I'd be interested in hearing how that decision worked out. Over the course of those 12 years, was your mortgage rate greater than the aggregate market return?
I don't know. We started in '94 at 9.25% and refinanced a few years later at 7something. I'm sure you'll throw stats that show we did the wrong thing somehow but that's not how we think. Same with the 401k that you commented on. We can probably retire now on that money. Yes, it's not the smartest thing to have pulled out and stayed out for this long, but oh well. Peace of mind. We are in really good shape financially and don't want anyone else to ruin it.
I hear you w/re to piece of mind. It's extremely difficult to put a price on that. Each person has their own risk tolerance, and I certainly don't begrudge those whose tolerance is less than/greater than mine.That being said, you cite your personal financial history in a discussion re: wisest use of economic resources. Why would you put that out there if you haven't even bothered to do the legwork to know if your own personal course of action was correct? And w/re to your last sentence, it's great that you're in "good shape financially", but aren't you curious about what type of shape you would be in had you invested in equities instead of paying off your mortgage early?

 
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There's no time like the present to address these issues. You expect them to be elected yet not bring up things that are central to their beliefs? Sorry if the timing doesn't suit you. You may not pay down debt, but you do start cutting your spending when you're struggling to pay your bills.
Really? Did you pay cash up front for your college education? I didn't. I took out student loans. I was fortunate that I could borrow cheap money to do it, and that investment has paid off big time by providing me with a career I'd never have gotten without my college education. If I had set my goals lower, I could have paid off my bills, kept my job bagging groceries, and maybe moved up to cashier if I'd played my cards right. That would have been the fiscally responsible thing to do.

But instead, I invested in my future, like someone who believed that they could do more than just survive. I planned on growing, and I did, using debt when I didn't have money, and paying it down when I started earning. Since then, my income has continued to grow, and I've occasionally borrowed money for large purchases or to cover major life events.

And yes, I pay off my debt, but I do it the way successful companies do, and the way the government should, too. I pay down debt when the interest is more expensive than what I could earn on my money right now. I make an educated decision on what to buy based on how much it would cost, including interest, and sometimes I pay down extra against the principle, if I am flush with cash or if putting my money in savings would earn less than what I'm paying in interest.

What I absolutely do not do is wait until I've lost my job and I'm broke, then start pointing fingers at my old boss, sell my car and my work clothes and my computer to pay down debt, and then try to find a way to get some income again. That would be ridiculous. I don't run my life like that and I don't support it in public policy, either.
A complete overreaction. All that is happening is turning a ship around. These were minor steps and if you think the debt limit debate was extreme, you are in for a rude awakening. My wife and I don't wait to time our payments for when rates are right, we do it as soon as possible. We paid our 30 year mortgage in 12 years. We paid off our Explorer in a couple of years. We use a line of credit for home repairs and pay it off asap. When we owe, we scrimp until it is paid off. We are close to buying a 3 family home as a rental property. Believe me, we will be bare bones, pasta and pizza until most of it is paid off. We don't buy anything that we won't be able to pay off quickly and even then we live a low-key life. I don't buy every gadget on the market, my wife only goes shopping when she needs to. Blame Obama, blame Bush, who cares. This me attitude has to change. I'm not talking about you, but society in general.
I'd be interested in hearing how that decision worked out. Over the course of those 12 years, was your mortgage rate greater than the aggregate market return?
I don't know. We started in '94 at 9.25% and refinanced a few years later at 7something. I'm sure you'll throw stats that show we did the wrong thing somehow but that's not how we think. Same with the 401k that you commented on. We can probably retire now on that money. Yes, it's not the smartest thing to have pulled out and stayed out for this long, but oh well. Peace of mind. We are in really good shape financially and don't want anyone else to ruin it.
I hear you w/re to piece of mind. It's extremely difficult to put a price on that. Each person has their own risk tolerance, and I certainly don't begrudge those whose tolerance is less than/greater than mine.That being said, you cite your personal financial history in a discussion re: wisest use of economic resources. Why would you put that out there if you haven't even bothered to do the legwork to know if your own personal course of action was correct? And w/re to your last sentence, it's great that you're in "good shape financially", but aren't you curious about what type of shape you would be in had you invested in equities instead of paying off your mortgage early?
Nope, not in the least.BUT...and it's a big but (peewee)

We don't have kids and don't ever expect to.

That's a huge difference. We plan on taking it all with us.

Our decision now is this 3 family house. We're kind of set financially but this is a golden opportunity. Right across the street from us.

Our risk tolerance is really being tested.

 
A stake to the heart for the US. I don't know how many Americans have any idea what this really means.

When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.

 
A stake to the heart for the US. I don't know how many Americans have any idea what this really means. When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.
We can only hope America is not stupid enough to sign up for 4 more years of this nonsense...Of course if we are that stupid maybe by the end of his 2nd term we could finally stop blaming Bush... :thumbup: :thumbup: :thumbup:
 
'Chadstroma said:
A stake to the heart for the US. I don't know how many Americans have any idea what this really means. When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.
Why would voters think this had anything to do with Obama? The right pushed this issue, put everything on the line to fix things right now when there was little pressure to do so, put the issue squarely in the crosshairs of every media outlet, put the nation on the brink of default, politicized every bit of conversation around it and took hardline stances across the board, then couldn't agree on their own bill while the Democrats offered better deals than they asked for, and ended up agreeing on a worse deal than Obama proposed with nothing but an IOU for real decision making. Seems like Obama, who proposed a 50% larger deficit reduction than the one that was finally agreed upon, did more to reduce the deficit than the guys you think will magically win an election on their only issue.
 
'Chadstroma said:
A stake to the heart for the US. I don't know how many Americans have any idea what this really means. When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.
I admit I am confused about what will happen next. The Treasury and Wall St. had meetings to discuss contingency plans in case of a downgrade but now they say it's business as usual? I'm not buying it.
 
'Chadstroma said:
A stake to the heart for the US. I don't know how many Americans have any idea what this really means. When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.
Why would voters think this had anything to do with Obama? The right pushed this issue, put everything on the line to fix things right now when there was little pressure to do so, put the issue squarely in the crosshairs of every media outlet, put the nation on the brink of default, politicized every bit of conversation around it and took hardline stances across the board, then couldn't agree on their own bill while the Democrats offered better deals than they asked for, and ended up agreeing on a worse deal than Obama proposed with nothing but an IOU for real decision making. Seems like Obama, who proposed a 50% larger deficit reduction than the one that was finally agreed upon, did more to reduce the deficit than the guys you think will magically win an election on their only issue.
Wow, how incredibly partisan and out of touch.
 
'Chadstroma said:
A stake to the heart for the US. I don't know how many Americans have any idea what this really means.

When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.
Why would voters think this had anything to do with Obama? The right pushed this issue, put everything on the line to fix things right now when there was little pressure to do so, put the issue squarely in the crosshairs of every media outlet, put the nation on the brink of default, politicized every bit of conversation around it and took hardline stances across the board, then couldn't agree on their own bill while the Democrats offered better deals than they asked for, and ended up agreeing on a worse deal than Obama proposed with nothing but an IOU for real decision making. Seems like Obama, who proposed a 50% larger deficit reduction than the one that was finally agreed upon, did more to reduce the deficit than the guys you think will magically win an election on their only issue.
If fixing it now isn't a good idea, then when? You have to admit, politicians on both sides are always eager to "fix it later". True, tax increases should be part of the solution, but continued procrastination isn't an answer.
 
'Chadstroma said:
A stake to the heart for the US. I don't know how many Americans have any idea what this really means.

When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.
Why would voters think this had anything to do with Obama? The right pushed this issue, put everything on the line to fix things right now when there was little pressure to do so, put the issue squarely in the crosshairs of every media outlet, put the nation on the brink of default, politicized every bit of conversation around it and took hardline stances across the board, then couldn't agree on their own bill while the Democrats offered better deals than they asked for, and ended up agreeing on a worse deal than Obama proposed with nothing but an IOU for real decision making. Seems like Obama, who proposed a 50% larger deficit reduction than the one that was finally agreed upon, did more to reduce the deficit than the guys you think will magically win an election on their only issue.
If fixing it now isn't a good idea, then when? You have to admit, politicians on both sides are always eager to "fix it later". True, tax increases should be part of the solution, but continued procrastination isn't an answer.
You know the answer to this question. You fix it when the economy is going better. The answer to the question is certainly not "now", because that answer means "no matter what, even if we're in a war, or an economic downturn, or a fledgling recovery". Before you say, that's never going to happen, the last Democrat president with a Republican Congress in an up economy ran a budget surplus. And the economy is recovering. Obama put the stimulus in place to get the economy going better. You might not think the results were worthwhile, but the DOW jumped more than 50%, businesses grew, and leading indicators were in place. ?Even with all the money sitting on the sidelines, states cutting budgets, the disaster in Europe, and the uncertainty of Congress saying they're going to shut down trillions in tax cuts and spending that these companies have grown their businesses around, the jobs are growing slowly.

I'm not against cutting waste right now, but I am against cutting jobs now without replacing them, I'm against paying down debt now, and I was certainly against the timing of this Big Political Stand by the right, which made it a bigger problem than it ever needed to be, and turned the debt issue from "you might get a cautionary note next to your triple A rating" to "you just got downgraded to a double A plus rating".

 
A stake to the heart for the US. I don't know how many Americans have any idea what this really means.

When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.
Why would voters think this had anything to do with Obama? The right pushed this issue, put everything on the line to fix things right now when there was little pressure to do so, put the issue squarely in the crosshairs of every media outlet, put the nation on the brink of default, politicized every bit of conversation around it and took hardline stances across the board, then couldn't agree on their own bill while the Democrats offered better deals than they asked for, and ended up agreeing on a worse deal than Obama proposed with nothing but an IOU for real decision making. Seems like Obama, who proposed a 50% larger deficit reduction than the one that was finally agreed upon, did more to reduce the deficit than the guys you think will magically win an election on their only issue.
If fixing it now isn't a good idea, then when? You have to admit, politicians on both sides are always eager to "fix it later". True, tax increases should be part of the solution, but continued procrastination isn't an answer.
You know the answer to this question. You fix it when the economy is going better. The answer to the question is certainly not "now", because that answer means "no matter what, even if we're in a war, or an economic downturn, or a fledgling recovery". Before you say, that's never going to happen, the last Democrat president with a Republican Congress in an up economy ran a budget surplus. And the economy is recovering. Obama put the stimulus in place to get the economy going better. You might not think the results were worthwhile, but the DOW jumped more than 50%, businesses grew, and leading indicators were in place. ?Even with all the money sitting on the sidelines, states cutting budgets, the disaster in Europe, and the uncertainty of Congress saying they're going to shut down trillions in tax cuts and spending that these companies have grown their businesses around, the jobs are growing slowly.

I'm not against cutting waste right now, but I am against cutting jobs now without replacing them, I'm against paying down debt now, and I was certainly against the timing of this Big Political Stand by the right, which made it a bigger problem than it ever needed to be, and turned the debt issue from "you might get a cautionary note next to your triple A rating" to "you just got downgraded to a double A plus rating".
Clinton did not run a surplus. The debt increased every year Clinton was in office. Clinton is only credited with running a surplus because interest payments on the existing debt aren't counted.The truth is Congress isn't going to run a true surplus anytime in the near future, hasn't anytime in the last 40 years, and even when it gets close, it's not anywhere near the level it needs to be to make up for the deficits it creates in the bad years.

 
A stake to the heart for the US. I don't know how many Americans have any idea what this really means.

When the start to feel the impact of this, it could very well be the stake to the heart of a second term for Obama.
Why would voters think this had anything to do with Obama? The right pushed this issue, put everything on the line to fix things right now when there was little pressure to do so, put the issue squarely in the crosshairs of every media outlet, put the nation on the brink of default, politicized every bit of conversation around it and took hardline stances across the board, then couldn't agree on their own bill while the Democrats offered better deals than they asked for, and ended up agreeing on a worse deal than Obama proposed with nothing but an IOU for real decision making. Seems like Obama, who proposed a 50% larger deficit reduction than the one that was finally agreed upon, did more to reduce the deficit than the guys you think will magically win an election on their only issue.
If fixing it now isn't a good idea, then when? You have to admit, politicians on both sides are always eager to "fix it later". True, tax increases should be part of the solution, but continued procrastination isn't an answer.
You know the answer to this question. You fix it when the economy is going better. The answer to the question is certainly not "now", because that answer means "no matter what, even if we're in a war, or an economic downturn, or a fledgling recovery". Before you say, that's never going to happen, the last Democrat president with a Republican Congress in an up economy ran a budget surplus. And the economy is recovering. Obama put the stimulus in place to get the economy going better. You might not think the results were worthwhile, but the DOW jumped more than 50%, businesses grew, and leading indicators were in place. ?Even with all the money sitting on the sidelines, states cutting budgets, the disaster in Europe, and the uncertainty of Congress saying they're going to shut down trillions in tax cuts and spending that these companies have grown their businesses around, the jobs are growing slowly.

I'm not against cutting waste right now, but I am against cutting jobs now without replacing them, I'm against paying down debt now, and I was certainly against the timing of this Big Political Stand by the right, which made it a bigger problem than it ever needed to be, and turned the debt issue from "you might get a cautionary note next to your triple A rating" to "you just got downgraded to a double A plus rating".
Clinton did not run a surplus. The debt increased every year Clinton was in office. Clinton is only credited with running a surplus because interest payments on the existing debt aren't counted.The truth is Congress isn't going to run a true surplus anytime in the near future, hasn't anytime in the last 40 years, and even when it gets close, it's not anywhere near the level it needs to be to make up for the deficits it creates in the bad years.
The public debt actually did get paid down in the last years under Clinton and the budget shows a net surplus. The reason the total national debt went up is because of payments into the SSTF, which is institutionally held debt. So the budget was only positive with the Social Security surplus. Interest on the debt is tracked as part of our Mandatory spending budget.

ETA - I was wrong, interest isn't tracked as Mandatory spending, but has its own category "Net Interest" in the historical budget balance sheets maintained by the CBO.

 
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Obama responsible for high gas prices, stunted job growth, and added debt

Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic Petroleum Reserve. In the Gulf of Mexico, meanwhile, 10 drilling rigs — more than one-third of the fleet — have left on Obama’s watch.

This incomprehensible energy policy is not only costing Americans more money at the pump. Bureaucratic delays in Washington are also stunting job growth and adding to the budget deficit.

As the Obama Administration pivots to a new jobs agenda — at least its seventh attempt to do so — it would be wise to review the policies that are slowing energy production. Thirty-four years to the day President Jimmy Carter created the Energy Department, it’s time for America to embrace a pro-energy agenda that boosts the economy, increases federal revenue and creates jobs.

The most glaring example of Obama’s mismanagement is the decision to tap the Strategic Petroleum Reserve on June 23. Heritage experts James Jay Carafano and Nick Loris outlined the limited circumstances under which the White House could release oil. None of these conditions were met in June, and the Administration itself backpedaled when questioned about the timing.

And what did it accomplish? Aside from diminishing a vital national security asset, it didn’t reduce the price of gas. Americans were paying an average of $3.61 for regular unleaded on June 23, according to AAA. Today the average is $3.70.

Six weeks later, it’s increasingly apparent that Obama took the action to bolster his dismal poll numbers, hurt by the sluggish economy and rising gas prices.

If the President was serious about bringing down the cost of gas, he would instruct his Administration to reduce the bureaucratic red tape on energy projects in the Gulf of Mexico. A new report from Greater New Orleans Inc. revealed that the issuance of drilling permits is down 71 percent compared to the monthly average over the past three years.

The decline isn’t for a lack of interest from energy producers. Two weeks ago the respected IHS Cambridge Energy Research Associates and IHS Global Insight revealed the potential for production if government simply approved the drilling permits.

The implications are staggering. Next year alone, additional production from deepwater wells could generate 411,000 barrels per day or 150 million barrels for the year. That’s five times the amount that Obama released from the Strategic Petroleum Reserve.

That additional oil would ease the pain on consumers’ wallets and reduce America’s dependence on foreign oil — a matter that’s even more pressing in light of OPEC’s new leader, Rostam Qasemi, an Iranian Revolutionary Guard commander under U.S. and European Union sanctions.

Then there’s the impact on federal, state and local governments. At a time when many are facing budget deficits, the money generated from royalty payments and taxes would add an extra $12 billion in revenue next year.

The biggest upside might be the number of jobs created from the additional production. Those jobs aren’t just in Louisiana and Texas, either. They’re spread out across America, according the study. A total of nearly 230,000 new jobs — an amount that exceeds the size of General Motors — is forecast for 2012 if the pace of offshore energy development and permitting increases.

As things currently stand, however, those jobs are a figment of Obama’s imagination. Worse still is the news that the Department of the Interior might let hundreds of Gulf of Mexico drilling leases expire, costing jobs and further decreasing production.

“In 2011 alone, more than 300 offshore leases in the Gulf of Mexico are due to expire,” Senator David Vitter (R-LA) announced yesterday. “If these leases are allowed to expire, they will revert to the federal government, killing jobs and cutting off potential revenue from exploration and production.”

Vitter is vowing to block the nomination of Rebecca Wodder to serve as an Assistant Secretary in the Interior Department unless the Administration issues a blanket extension of the leases due to expire this year. The Administration would prefer to make a case-by-case decision on the leases–an unnecessary bureaucratic hurdle, according to Vitter.

How will it end? By threatening to delay another Administration nominee, Vitter was able to speed the approval of drilling plans. He also blocked a nearly $20,000 pay raise for Interior Secretary Ken Salazar. More must be done.

The long-term implications are devastating otherwise. New exploration, which impacts oil supply in seven to 10 years, isn’t happening at a pace to keep up with demand.

Americans, meanwhile, bear the brunt of the Obama Administration’s misguided decisions.
 
Obama responsible for high gas prices, stunted job growth, and added debt

Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic Petroleum Reserve. In the Gulf of Mexico, meanwhile, 10 drilling rigs — more than one-third of the fleet — have left on Obama’s watch.

This incomprehensible energy policy is not only costing Americans more money at the pump. Bureaucratic delays in Washington are also stunting job growth and adding to the budget deficit.

As the Obama Administration pivots to a new jobs agenda — at least its seventh attempt to do so — it would be wise to review the policies that are slowing energy production. Thirty-four years to the day President Jimmy Carter created the Energy Department, it’s time for America to embrace a pro-energy agenda that boosts the economy, increases federal revenue and creates jobs.

The most glaring example of Obama’s mismanagement is the decision to tap the Strategic Petroleum Reserve on June 23. Heritage experts James Jay Carafano and Nick Loris outlined the limited circumstances under which the White House could release oil. None of these conditions were met in June, and the Administration itself backpedaled when questioned about the timing.

And what did it accomplish? Aside from diminishing a vital national security asset, it didn’t reduce the price of gas. Americans were paying an average of $3.61 for regular unleaded on June 23, according to AAA. Today the average is $3.70.

Six weeks later, it’s increasingly apparent that Obama took the action to bolster his dismal poll numbers, hurt by the sluggish economy and rising gas prices.

If the President was serious about bringing down the cost of gas, he would instruct his Administration to reduce the bureaucratic red tape on energy projects in the Gulf of Mexico. A new report from Greater New Orleans Inc. revealed that the issuance of drilling permits is down 71 percent compared to the monthly average over the past three years.

The decline isn’t for a lack of interest from energy producers. Two weeks ago the respected IHS Cambridge Energy Research Associates and IHS Global Insight revealed the potential for production if government simply approved the drilling permits.

The implications are staggering. Next year alone, additional production from deepwater wells could generate 411,000 barrels per day or 150 million barrels for the year. That’s five times the amount that Obama released from the Strategic Petroleum Reserve.

That additional oil would ease the pain on consumers’ wallets and reduce America’s dependence on foreign oil — a matter that’s even more pressing in light of OPEC’s new leader, Rostam Qasemi, an Iranian Revolutionary Guard commander under U.S. and European Union sanctions.

Then there’s the impact on federal, state and local governments. At a time when many are facing budget deficits, the money generated from royalty payments and taxes would add an extra $12 billion in revenue next year.

The biggest upside might be the number of jobs created from the additional production. Those jobs aren’t just in Louisiana and Texas, either. They’re spread out across America, according the study. A total of nearly 230,000 new jobs — an amount that exceeds the size of General Motors — is forecast for 2012 if the pace of offshore energy development and permitting increases.

As things currently stand, however, those jobs are a figment of Obama’s imagination. Worse still is the news that the Department of the Interior might let hundreds of Gulf of Mexico drilling leases expire, costing jobs and further decreasing production.

“In 2011 alone, more than 300 offshore leases in the Gulf of Mexico are due to expire,” Senator David Vitter (R-LA) announced yesterday. “If these leases are allowed to expire, they will revert to the federal government, killing jobs and cutting off potential revenue from exploration and production.”

Vitter is vowing to block the nomination of Rebecca Wodder to serve as an Assistant Secretary in the Interior Department unless the Administration issues a blanket extension of the leases due to expire this year. The Administration would prefer to make a case-by-case decision on the leases–an unnecessary bureaucratic hurdle, according to Vitter.

How will it end? By threatening to delay another Administration nominee, Vitter was able to speed the approval of drilling plans. He also blocked a nearly $20,000 pay raise for Interior Secretary Ken Salazar. More must be done.

The long-term implications are devastating otherwise. New exploration, which impacts oil supply in seven to 10 years, isn’t happening at a pace to keep up with demand.

Americans, meanwhile, bear the brunt of the Obama Administration’s misguided decisions.
The fact that the Heritage Foundation thinks that anything Obama has done or could have done with respect to offshore drilling could have any affect on current prices at the pump makes me think a lot less of the Heritage Foundation. Not only is their knowledge of the domestic offshore drilling industry and its potential impact on price at the pump lacking, they also pull stats out of nowhere. 10 rigs- a third of the fleet has left? The New Orleans Times-Picayune put the number of rigs in the Gulf at 125 a few months ago. I trust that publication to know more about what's going on in the Gulf than some clearly uninformed Heritage analysts. That article also indicates that as of February there were more rigs in the Gulf than before the BP spill. Knowing how little has changed from a federal perspective since February, I sincerely doubt that has changed since February.

And that's just the start. There's so much wrong in that article that I could ramble about it for hours. Almost every sentence contains a factual or logical error. I'll spare us all the full breakdown, but trust me: it's a steaming pile of poop.

I don't blame you, Stat. You read it from a (formerly) trustworthy source like Heritage, you post it. I blame Heritage. Apparently they've gotten Wall Street Journal Disease. Is Heritage run by Rupert Murdoch now too?

 
Can't help myself- one more.

We import over 300 million barrels of crude every month. Anyone who thinks adding another 150 million barrels a year (likely a best case estimate, can't say for sure since they don't bother to footnote) would have "staggering implications" is a complete fool. Not only does the author not understand the energy industry, I'd say he doesn't really understand the basics laws of supply and demand.

 
Consumer Sentiment Hits Lowest Level Since 1980High unemployment, stagnant wages and the protracted debate over raising the U.S. government debt ceiling spooked consumers,polled before the downgrade of U.S. sovereign debt by Standard &Poor's."Never before in the history of the surveys have so many consumers spontaneously mentioned negative aspects of the government's role," survey director Richard Curtin said in a statement.The survey's gauge of consumer expectations slipped to 45.7, also the lowest since May of 1980, from July's 56.0 and below a predicted reading of 55.3.The Obama administration received poor ratings from 61 percent of respondents, the worst showing among all prior heads of state.
 
Can't help myself- one more.We import over 300 million barrels of crude every month. Anyone who thinks adding another 150 million barrels a year (likely a best case estimate, can't say for sure since they don't bother to footnote) would have "staggering implications" is a complete fool. Not only does the author not understand the energy industry, I'd say he doesn't really understand the basics laws of supply and demand.
I really wish I knew who to believe here. Conservatives argue pretty consistently that Obama has been terrible on energy policy, and if we simply unleash our oil companies to drill (in the Gulf, in ANWR, etc.) it will do a great deal to bring about needed prosperity. Liberals point out that the "restrictions" are overstated and that allowing more drilling, besides being environmentally dangerous, will have little or no effect on oil prices; therefore it isn't worth it. I have always accepted the conservative argument, but now I admit I'm no longer sure. Each side presents what appears to be facts on this matter and then the other side refutes them. Is there a way to increase productivity in a manner that will truly make a significant impact and protect the environment at the same time?
 
Can someone post a chart of the DOW from the week Obama took office to the week the Republicans and Tea Partiers celebrated their big "victory"?
This was what the market looked like the day Obama took office. LINK
Thanks. So it went from under 8000 when he was in office, to over 12,500, then fell in ten of the last eleven days. It was over 12000 last week, but after the great victory by the tea party and republicans that was critical to economic recovery, we are now under 11,400, with the market having lost 10 percent of its value in two weeks. Way to go, righties. It took you a little while, but you managed to pick right back up where Bush left off. Those of you who have been so vocal in criticizing Obama for low growth numbers the last few months should be sure to think about how much better slow growth is than the disaster you've created for us.
Couldn't have had anything to do with QE2 (which was artificially propping up the market) expiring could it? Nah!
So now we get to see what it should be like, right? I mean, why complain about it. This is the scenario you guys want, just go with it. Burn it down. Reset. Why try for a soft landing, just go for the thud and pick up from there. Scary ####, but clearly the agenda that the small, vocal, extreme righties in Congress have positioned us for and what their supporters have been littering this board with for several months. The funniest thing about Obama is the right just hates him. Hates him when he spends to create stability to allow for growth to take a foot hold and then they hate him when he caves and implements their plan of cuts and no taxes. It's also rich to hear anti-government people complain about the President at all. WTF can he do in the world you want? It's up to the free market to hire and fix things, right? Maybe the fairy tale of the free market doesn't really work after all.
The free market? We don't have a free market. The chickens are coming home to roost my friend, and I have been complaining about what got us here for 15 years - while your side of the aisle was wearing rose colored glasses.
 
Stimulus spending hasn't worked so far. I suppose your answer is that it wasn't enough. Here's a hint for you: as long as the business world and the investment community is governed by fear rather than greed, the economy isn't going to recover. As long as Obama is President, that community lives in fear.
Your narrative doesn't reflect reality. Business doesn't care about Obama, it cares about demand for its products. The stimulus was not large enough to spur the kind of demand businesses needed to start hiring again for sustained periods of time (short term). It seems that the market has reacted VERY poorly to the "tea party" solution for our deficit problems, and most people with reasonable economic views see this decision as taking a baseball bat to the economy's already weakened knees, just as it's trying to stand up.It's absolutely insane that conservatives are still championing wrongheaded solutions. Conservative-backed tax cuts were issued without spending cuts to pay for them, increasing the deficit by trillions over the decade. Conservative-backed wars were created without proper methods appropriated to pay for them, or include them in budgets. Not to mention the drug plan or stimulus from Bush...adding about 5 trilion to the deficit, all conservative solutions to perceived problems. Enter tea party activists, who take crazy and square it, and their solution to the perceived deficit problem is to starve our economy through spending cuts and being unwavering in their opposition to balancing it with revenue increases. They're also adamantly opposed to additional spending to get us out of this problem.It's like if you look back over the past decade of conservative solution to problems, you see failure after failure, and they try to peg these failures on Obama and democrats (deficit responsibility, economic troubles), and then stand ridiculously firm and insist on their solutions to the problems they caused. It's ridiculous.Our deficit solution was a piss-poor solution, and the markets are reacting. The stimulus wasn't large enough, and we see that the economy is still stuttering. The global economy sucks, more problems are coming down the line, we have a stagnating and/or receding economy, and the far right are doing everything in their power to not steer us away from the tree we're aimed at.
No the money is sitting on the sidelines for the4 reason I said it was. But live in your fantasy world as it burns down around you.
 
Can't help myself- one more.We import over 300 million barrels of crude every month. Anyone who thinks adding another 150 million barrels a year (likely a best case estimate, can't say for sure since they don't bother to footnote) would have "staggering implications" is a complete fool. Not only does the author not understand the energy industry, I'd say he doesn't really understand the basics laws of supply and demand.
I really wish I knew who to believe here. Conservatives argue pretty consistently that Obama has been terrible on energy policy, and if we simply unleash our oil companies to drill (in the Gulf, in ANWR, etc.) it will do a great deal to bring about needed prosperity. Liberals point out that the "restrictions" are overstated and that allowing more drilling, besides being environmentally dangerous, will have little or no effect on oil prices; therefore it isn't worth it. I have always accepted the conservative argument, but now I admit I'm no longer sure. Each side presents what appears to be facts on this matter and then the other side refutes them. Is there a way to increase productivity in a manner that will truly make a significant impact and protect the environment at the same time?
:goodposting: I've read a great deal about this issue when compared to the average joe but I'm still lost.
 
Can't help myself- one more.We import over 300 million barrels of crude every month. Anyone who thinks adding another 150 million barrels a year (likely a best case estimate, can't say for sure since they don't bother to footnote) would have "staggering implications" is a complete fool. Not only does the author not understand the energy industry, I'd say he doesn't really understand the basics laws of supply and demand.
Lets ask the question in reverse. How is not drilling helping our energy problem? ANWR is an Elephant, and we don't find many of them. It is absolutely insane not to drill in the northern part of Alaska. You would be hard pressed to find a more remote region on this earth in which to drill.The Chinese are drilling of the coast of Cuba and drinking our milkshake. We could drill off the coast of Florida responsibly and far enough off coast not to be an eye soar.How many jobs does this represent? What is the revenue lost in taxes?Yes Heritage was right if only you read the article. Seriously the reasons for not drilling are very very weak.
 
Can't help myself- one more.We import over 300 million barrels of crude every month. Anyone who thinks adding another 150 million barrels a year (likely a best case estimate, can't say for sure since they don't bother to footnote) would have "staggering implications" is a complete fool. Not only does the author not understand the energy industry, I'd say he doesn't really understand the basics laws of supply and demand.
I really wish I knew who to believe here. Conservatives argue pretty consistently that Obama has been terrible on energy policy, and if we simply unleash our oil companies to drill (in the Gulf, in ANWR, etc.) it will do a great deal to bring about needed prosperity. Liberals point out that the "restrictions" are overstated and that allowing more drilling, besides being environmentally dangerous, will have little or no effect on oil prices; therefore it isn't worth it. I have always accepted the conservative argument, but now I admit I'm no longer sure. Each side presents what appears to be facts on this matter and then the other side refutes them. Is there a way to increase productivity in a manner that will truly make a significant impact and protect the environment at the same time?
:goodposting: I've read a great deal about this issue when compared to the average joe but I'm still lost.
It is not that complicated. ANWR has anywhere from 5 and 15 billion barrels. Could produce nearly a million barrels a day. Mostly frozen wasteland of which we only need to disturb a small portion. It is absolutelyl idiotic that we are not drilling there. That one location could supply 5 to 10 percent of our total. Yes, it will take many years to produce, but we have been talking about it for over a decade now. Environmentalists have no credible argument. Anyone who thinks this is pristine land, needs to spend a month there and get back to me.
 
Can't help myself- one more.We import over 300 million barrels of crude every month. Anyone who thinks adding another 150 million barrels a year (likely a best case estimate, can't say for sure since they don't bother to footnote) would have "staggering implications" is a complete fool. Not only does the author not understand the energy industry, I'd say he doesn't really understand the basics laws of supply and demand.
I really wish I knew who to believe here. Conservatives argue pretty consistently that Obama has been terrible on energy policy, and if we simply unleash our oil companies to drill (in the Gulf, in ANWR, etc.) it will do a great deal to bring about needed prosperity. Liberals point out that the "restrictions" are overstated and that allowing more drilling, besides being environmentally dangerous, will have little or no effect on oil prices; therefore it isn't worth it. I have always accepted the conservative argument, but now I admit I'm no longer sure. Each side presents what appears to be facts on this matter and then the other side refutes them. Is there a way to increase productivity in a manner that will truly make a significant impact and protect the environment at the same time?
TF and I both follow the oil industry fairly closely. He has the perspective of a government analyst, I am a geologist/investor. We often disagree. Obama has been terrible on energy policy - we don't really have one. An increase of 150 million barrels per year reduces our dependence on foreign oil by about 4%, using the numbers quoted by TF and the numbers in the Heritage Foundation article. I personally think the Hertitage estimates of the Gulf potential are low over the long term. Would you argue that more drilling shouldn't be done because this field or that one "only" reduces our dependency on foreign oil 4%? The restrictions are not overstated. They are real - time delays cost money. Regulation costs time and money. Public comment periods are delays that could be tightened up some (you're not a populist right?)Obama has been terrible on energy policy. So was Bush II, Clinton, Bush I, Reagan and Carter. Translation: the Energy Department has been terrible on Energy policy since it was created. And what do we have under Obama? Chu argued that paiting flat roofs white would be the equivalent of removing a million cars for one year worth of pollution (and oil dependency) over the time period of our civilization, apparently. That is certainly less than a 4% reduction, especially as anyone flying into LAX would realize - all the flat roofs are already painted white! Of course, if yo are in Minneapolis, maybe you want your flat roof to absorb heat, especially in the winter.There are so many things that could be done: converting all federal government vehicles to hybrid natural gas/gasoline would be a start. You think solar power is good? Great - convert all federal buildings to solar power. The Environmental Protection Act is set up to be adversarial, not cooperative. And I don't mean government caving to industry. I mean government and industry working together. The goal of government is should be two fold: decreasing foreign energy dependence while protecting the general welfare. It has not been and never has been.Alternative energy: solar, wind, hydro are only local answers. Solar works in New Mexico and Arizona. Not so much in the North. Hydro is great in the Pacific NW, not so much in Arizona. So we need regional policies that recognize that. We don't.Finally, certain factions on the left need to stop fighting every proposed energy development. We aren't going to breach dams to save salmon. We aren't going to dismantle wind farms to save tweety bird. We aren't going to not build solar farms to save some rare tortoise. And we need to use fracking to liberate oil and gas - so get educated as to what the real issues are there. Certain factors on the left need to pick what are real battles - not using the fear or ignorance factor.As to the Right, I admit that there is an element that seems not to care about environmental protection. What I have seen in my career is that element is diminishing. es, the goal is and always will be to make a profit - that is what capitalism is all about. However, social responsibility, sustainability, etc. are all part of the Boardroom considerations nowadays. Corporations are neither good nor evil: but sometimes the people running them are. The same can be said though for leftist organizations.I for one, don't want to freeze in the dark - which is where we might be if the Left won every anti-energy development battle they fought. Do you?
 
:lmao: :lmao: Baghdad Bob wasn't news either, but it sure was funny.
True, I guess I just posted because I was surprised that you posted anything marginally favorable towards Obama, even if you then proceeded to bash the messenger. You're getting soft, stat.
 
Whatever happened to keeping the lobbyists out of government jobs? And making sure we didn't have conflicts of interest when appointing corporate reps to gov't positions?

http://washingtonexaminer.com/opinion/op-eds/2011/08/democrat-donor-gets-federal-health-policy-slot-despite-conflicts-interest

Democrat donor gets federal health policy slot despite conflicts of interest

By: Lachlan Markay | Special to Examiner | 08/14/11 8:05 PM

A federal committee that includes a major donor to President Obama and whose company stands to profit from the panel's recommendations holds in its hands the future of health information technology policy.

Judith Faulkner, founder and CEO of Epic Systems Corp., secured a seat on a panel charged with recommending how $19 billion in stimulus money dedicated to health IT be spent, despite opposing a key administration position on the issue.

Faulkner and her company oppose the president's vision for health IT, but Epic employees are massive Democratic donors. They've given nearly $300,000 to Democrats since 2006, according to the Center for Responsive Politics.

That may help explain both Faulkner's appointment to the 13-member Health Information Technology Policy Committee as a representative for health IT vendors, and the accolades her company regularly enjoys from prominent Democrats.

Obama has long pushed for "interoperable" health information technology, including digitized medical records that can be shared across platforms, regardless of who develops the underlying software.

A December 2010 report on the implementation of health IT from the President's Council of Advisors on Science and Technology described the ideal system as "interoperable and intercommunicating, so that a single authorized query can locate a patient's records."

Epic declined to comment on the appointment or the company's position on interoperability. Linda Kohn, a spokeswoman for the Government Accountability Office, which handled appointments to the panel, said that views on interoperability -- or any other specific health IT issue -- did not factor into its decisions. In fact, she said there were no specific criteria used to screen applicants.

All potential committee members were screened by two GAO employees, who then passed remaining nominations up to the comptroller general's office. Kohn would not say who nominated Faulkner, who sat on the two-member screening panel, or whether there were other nominees for the committee's health IT vendor position.

Faulkner isn't the first Democratic donor to receive favorable treatment from the Obama administration. An investigation by iWatch News found that Obama had given favorable treatment -- including positions in his administration and lucrative federal contracts -- to scores of his biggest donors.

Faulkner's appointment is notable, though, in that it runs counter to Obama's goal of multivendor interoperability.

Faulkner told Bloomberg News in 2009 that sharing medical records "doesn't work when you mix and match vendors. ... It has to be one system, or it can be dangerous for patients."

Epic's website touts its work with interoperable software, but all such systems are made by Epic, meaning they are only interoperable if every provider uses Epic's software.

Glen Tullman, CEO of health IT company Allscripts, recently called Epic "the least-connected system of any out there." He added, "The only people in the market who are fighting connectivity are Epic."

Still, Epic not only represents vendors on the health IT policy committee but is frequently invoked (implicitly, for the most part) by Obama appointees lauding health IT's potential.

Obama himself has mentioned Geisinger Health System, Kaiser Permanente, the Cleveland Clinic and the Mayo Clinic -- all of which use Epic software -- as "examples of how we can make the entire health care system more efficient."

He specifically lauded health IT as a cost-saving measure: "They've got health information technologies so that when you take a test, it actually gets forwarded to the next doctor and the next doctor and to the nurse and the pharmacist, so that there aren't any errors."

Only a few days before, Obama claimed that the Cleveland Clinic "has one of the best health information technology systems in the country." That system was made by Epic.

Since Obama's accolades and Faulkner's appointment to the policy committee, Epic has received a $14 million contract to implement new electronic medical record software for the Coast Guard. It is also vying for a contract for a massive expansion of the Veterans Administration's electronic medical records.

The VA is adamant that the resulting system be open source and interoperable, but five members of Wisconsin's congressional delegation recently wrote a letter to the VA's chief information officer stressing the importance of single-vendor electronic health record systems -- i.e., the type that Epic provides.

"While multi-vendor EHRs were common in the past," the letter states, in a near perfect reflection of Faulkner's position, "patient safety, workflow efficiency, and other concerns have caused the industry to move away from this model."

One of the signers, Democratic Rep. Tammy Baldwin, received $27,800 from Faulkner, including $10,000 in contributions to her PAC.

If Epic gets that contract -- and once again wins approval from the administration despite a massive divergence in views on interoperability -- it will be difficult to see anything but political factors at play.
 
'bueno said:
Can't help myself- one more.

We import over 300 million barrels of crude every month. Anyone who thinks adding another 150 million barrels a year (likely a best case estimate, can't say for sure since they don't bother to footnote) would have "staggering implications" is a complete fool. Not only does the author not understand the energy industry, I'd say he doesn't really understand the basics laws of supply and demand.
I really wish I knew who to believe here. Conservatives argue pretty consistently that Obama has been terrible on energy policy, and if we simply unleash our oil companies to drill (in the Gulf, in ANWR, etc.) it will do a great deal to bring about needed prosperity. Liberals point out that the "restrictions" are overstated and that allowing more drilling, besides being environmentally dangerous, will have little or no effect on oil prices; therefore it isn't worth it. I have always accepted the conservative argument, but now I admit I'm no longer sure. Each side presents what appears to be facts on this matter and then the other side refutes them. Is there a way to increase productivity in a manner that will truly make a significant impact and protect the environment at the same time?
TF and I both follow the oil industry fairly closely. He has the perspective of a government analyst, I am a geologist/investor. We often disagree. Obama has been terrible on energy policy - we don't really have one. An increase of 150 million barrels per year reduces our dependence on foreign oil by about 4%, using the numbers quoted by TF and the numbers in the Heritage Foundation article. I personally think the Hertitage estimates of the Gulf potential are low over the long term. Would you argue that more drilling shouldn't be done because this field or that one "only" reduces our dependency on foreign oil 4%?

The restrictions are not overstated. They are real - time delays cost money. Regulation costs time and money. Public comment periods are delays that could be tightened up some (you're not a populist right?)

Obama has been terrible on energy policy. So was Bush II, Clinton, Bush I, Reagan and Carter. Translation: the Energy Department has been terrible on Energy policy since it was created. And what do we have under Obama? Chu argued that paiting flat roofs white would be the equivalent of removing a million cars for one year worth of pollution (and oil dependency) over the time period of our civilization, apparently. That is certainly less than a 4% reduction, especially as anyone flying into LAX would realize - all the flat roofs are already painted white! Of course, if yo are in Minneapolis, maybe you want your flat roof to absorb heat, especially in the winter.

There are so many things that could be done: converting all federal government vehicles to hybrid natural gas/gasoline would be a start. You think solar power is good? Great - convert all federal buildings to solar power.

The Environmental Protection Act is set up to be adversarial, not cooperative. And I don't mean government caving to industry. I mean government and industry working together. The goal of government is should be two fold: decreasing foreign energy dependence while protecting the general welfare. It has not been and never has been.

Alternative energy: solar, wind, hydro are only local answers. Solar works in New Mexico and Arizona. Not so much in the North. Hydro is great in the Pacific NW, not so much in Arizona. So we need regional policies that recognize that. We don't.

Finally, certain factions on the left need to stop fighting every proposed energy development. We aren't going to breach dams to save salmon. We aren't going to dismantle wind farms to save tweety bird. We aren't going to not build solar farms to save some rare tortoise. And we need to use fracking to liberate oil and gas - so get educated as to what the real issues are there. Certain factors on the left need to pick what are real battles - not using the fear or ignorance factor.

As to the Right, I admit that there is an element that seems not to care about environmental protection. What I have seen in my career is that element is diminishing. es, the goal is and always will be to make a profit - that is what capitalism is all about. However, social responsibility, sustainability, etc. are all part of the Boardroom considerations nowadays. Corporations are neither good nor evil: but sometimes the people running them are. The same can be said though for leftist organizations.

I for one, don't want to freeze in the dark - which is where we might be if the Left won every anti-energy development battle they fought. Do you?
As always, I respect bueno's knowledge and perspective on this stuff. But in this case his post contains only one numbers-based point .... and that is that even if we use the estimates from Heritage (bueno thinks Heritage is the first partisan thinktank in history to lowball numbers in support of their own position), we "reduce our dependency on foreign oil by 4%."

I'll attack that argument first- 4% is already a piddling total, and let's remember that we're talking oil only there. Oil is only one of the many resources, fossil fuel and renewable, that can be converted into energy for our use. And of course I think the estimate is high, if for no other reason than it comes from partisan sources. Furthermore, oil is globally traded at pretty consistent prices, unlike natural gas which has more local markets. So the real question is how much does our increased production impact the global market? And the answer, obviously, is not at all.

So to review- "reducing our dependence by 4%" is talking only about oil, not all natural resources, is likely based on an overly optomisitc estimate of reserves, and is a farce to begin with since oil is a global good whose price is impacted by the global supply not the national one.

Now let's move on to the other points, those for which my good friend bueno has no hard data, only rhetoric.

1. There were some delays in permitting after Deepwater Horizon. Some would say with good reason. Regardless, that is mostly behind us now. Here are actual Gulf of Mexico offshore permitting numbers. As you can see, the idea that the Obama administration is holding up most offshore activity is a myth created by the right to score political points. Incidentally, just a guess here, but I would bet that the "withdrawn" or otherwise canceled shallow water permits are due to the fact that natural gas (produced more in shallow water, oil more often in deepwater) is absurdly cheap right now, making it unprofitable to do offshore production.

2. The fact that natural gas is plentiful and cheap is an important counterpoint to silly doomsday predictions as a more general matter. For most consumer's purposes, natural gas can do everything oil can do except power your car, and that's only because the market hasn't forced widespread conversion yet. The technology clearly exists (Google "Compressed Natural Gas"). Gen plants fueled by natural gas are cleaner than coal or oil plants and obviously run cheaply too. And natural gas is plentiful in this country and in Canada, and will be far more plentiful as we tap into shale gas formations via hydraulic fracturing- and Obama has so far kept things relatively peaceful on the fracking front, letting industry and the states work it out.

Bottom line, the right likes to scare you with stories of brown people holding this country hostage because they have all the oil. That's silly. The absolute worst thing that would happen- and this is many years away- is a bunch of idiots who bought gas guzzlers would have to buy new CNG vehicles because they can't afford to fill the tank any more. Sounds like a good thing to me- cleaner air plus jobs.

3. On a related point- I would like for Obama to be pushing for more development of CNG, including, infrastructure, research, whatever. He's not really doing that. So I agree with bueno there. But I think it's strange for a right-leaning commenter to criticize Obama's lack of an energy policy. There's another phrase often used to refer to a government leaving an industry alone ... it's called "laissez-faire." You know, free market. If you want to drive your SUV back and forth to your exurb every day, you can pay for it yourself. The ocean and the air belong to all of us, not just the people who want to pay a nickel less for a gallon of gas in 2022.

4. Regarding the EPA- it is adversarial, but that cannot be avoided. Compliance with environmental regulations cost businesses money, so businesses and the agency charged with environmental regulation are by their nature adversarial. But the private sector is invited to the table before any EPA rulemaking. I'm not sure what changes bueno would want to the process, but his entire paragraph about EPA sounds like a collection of catch phrases, nothing more. Bottom line, the EPA and the environmental statutes they're charged with administering work. Ask anyone who lives near the Chesapeake Bay if the Clean Water Act has helped. Ask anyone who lives in Southern California (or even better, anyone who flew into LAX back in the day) if the Clean Air Act has helped. And big business already has a substantial place at the table for all things EPA. Those pointing to EPA as "part of the problem" are just looking to score political points, which is evidenced by the fact that they rarely tell you specifically which EPA rules or policies they think are standing in the way of private sector development.

The rest of his post seems dedicated to creating fictional boogeymen on the left who "fight every proposed energy development." News flash- someone fights every development everywhere. It just happens. It'll never be avoided, and I happen to think it's a good thing. Ultimately the process leads to the proper balancing of pros and cons far more often than not.

Look, if people want to open up more federally controlled areas for oil and gas development, that's fine. I'm not opposed, and I think the environmental costs are often exaggerated, although Deepwater Horizon certainly made me think twice about that position. But be honest about what you're doing. You're trying to create jobs and maybe get the federal government a little extra revenue (in the form or royalties) in exchange for compromising a little natural beauty and sanctity. That's fine. But You're not affecting the energy markets one bit. Anyone who tells you differently is wrong.

 
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Obama's opinion on the job he's doing so far:

You've heard it before, but it's worth repeating as a reminder of just how puffed-up Barack Obama got back in 2008:

I am absolutely certain that generations from now, we will be able to look back and tell our children that this was the moment when we began to provide care for the sick and good jobs to the jobless; this was the moment when the rise of the oceans began to slow and our planet began to heal; this was the moment when we ended a war and secured our nation and restored our image as the last, best hope on earth. This was the moment--this was the time--when we came together to remake this great nation so that it may always reflect our very best selves and our highest ideals.
"The moment" wasn't Obama's election. It wasn't even his nomination. It was merely the "moment" when, by dint of finishing a close second in the New Mexico and South Dakota primaries, he had clinched enough delegates to make his lead over Hillary Clinton impossible for her to surmount. Oh, and he preceded this by declaring: "I face this challenge with profound humility, and knowledge of my own limitations." We sometimes say "I pride myself on my humility," but in our case the irony is witting.Yesterday the president gave a speech in Holland, Mich. Get a load of the headlines it generated:

• New York Times: "Obama Urges Voters to Scold Republicans"

• Associated Press: "Obama: Something Is Wrong With Country's Politics"

• Los Angeles Times: "Obama to GOP: Put Country Before Party"

• CNN: "President Obama: 'I'm Frustrated' "

• Washington Post: "Obama to America: You Must Pressure Congress to Pivot to Jobs"

• The Hill: "Obama Grasps for Anti-Washington Anger"

Like a leaky balloon, Barack Obama keeps getting smaller. "The president is declaring to the world that he is simply too weak to govern," Peter Wehner observes. "Not only that, he wants all of America to know that he's darn frustrated about it. You can even hear it in his voice." That last comment isn't Wehner's evaluation but a paraphrase of the president's own words: "Maybe you hear it in my voice--that's why I'm frustrated. Because you deserve better."

Wait, it gets worse. Last night Obama was in New York for a fund-raiser. At that event he elaborated on the "you deserve better" theme: "What was remarkable was to see outside of Washington the enthusiasm, the energy, the hopefulness, the decency of the American people. And what I said to them is you deserve better. You deserve better than you've been getting out of Washington over the last 2½ months--for that matter, for the last 2½ years."

For the last 2½ years. Is that not as explicit an acknowledgment of failure as has ever been heard from a sitting president?
 
By the way, one thing bueno and I do agree on is fracking. We both think it's a huge part of the energy answer, and we both think people who live in areas where formations could be developed should educate themselves on the dangers- or really the lack thereof. It's really a win-win-win for this country. Cleaner (not clean. but cleaner), cheaper, and it creates jobs.

 
It's easy to sit up in some Northern perch and tell the people of Louisiana that Obama's anti-business, anti-oil policies are just some Republican boogeyman. The people down there are suffering as a direct result of his actions (or in some cases inaction). He's going to pay for it in 2012.

 
We are talking about one location and saying that because it can only produce 4% of the total that it is a 'piddling' amount. Getting 4% from one location will have a significant impact. No one thinks ANWR is the total solution, it is just one major piece to help out and work towards independence. The worst thing Obama is doing is using regulations to shut dow coal plants.

 
Obama's mixed messages

Edit to add: I have to post the whole dang article. It's 24K gold.

President Obama has become so detached from the economic realities Americans are suffering that he has failed to realize just how muddled and inconsistent his message and presidency have become.

The following, then, should help him understand why Republicans, moderate Democrats, Independents, Tea Party members, and increasingly his own liberal base have tuned him out and moved on.

Here’s the schizophrenic political message the American people now hear when they listen to Obama speak: Big Government can improve lives and create economic prosperity … except right now, because the economic catastrophe my reckless spending has triggered has left me and my administration impotent and unable to redistribute ever-dwindling wealth. My team of economic advisers has the smartest plans and strategies for creating jobs … except that jobs are nowhere in sight, 16.2% of people can’t find enough work, one in five men doesn’t work, and one in seven now relies on food stamps to put meals on the table.

I am the arbiter of hope and change, and I’m a strong leader who can navigate us through the worst economy since the Great Depression … except that, even though my party controls 66% of the government, I still send my advisers out to blame America’s first-ever S&P downgrade on the Tea Party, whose members I believe are crazy and insignificant … except that they are, apparently, smart and significant.

My benevolence and compassion can be seen in how I seized control of 1/7th of the U.S. economy and created government-run ObamaCare … except that my Big Government good deeds have been deemed a colossal budgetary nightmare by more than half of all the states, 28 of whom are suing the federal government in an effort to escape my benevolence and compassion.

Still, you can be sure that my “balanced approach” to deficit reduction is serious and sound … except that I just increased the U.S. debt limit to the highest levels in American history.

As the first black President in American history, I am uniquely suited to understand and address the needs, concerns and exigencies that impinge upon the African-American experience, and my status as a black male makes me a role model to other black men … except that I have overseen the complete elimination of the black middle class and Depression-era levels of black unemployment, and I have done nothing to address the most crippling reality confronting the black community: a near fatherless culture, marked by a jaw-dropping 72% out-of-wedlock birth rate (as compared with 28% for whites).

I am also the greenest President in American history, and my ability to use the awesome power of the federal government to protect the environment means that my leadership will ensure that this is “the moment when the rise of the oceans began to slow and our planet began to heal,” as I infamously said back in June 2008 … except that I oversaw and mismanaged the largest-ever oil spill in U.S. history and proved once and for all that a federal government that can’t even put a plug in a hole is hardly equipped to manage and plan the lives of more than 300 million citizens.

I have also energized young people in ways no U.S. presidential candidate or President had ever dreamed of by urging college students to believe in “Hope” and “Change” … except my moribund economic stewardship has now rendered their expensive college degrees hollow and made the likelihood of them finding a job out of college go from 90% under President George W. Bush to an abysmal 56% under me.

Best of all, I am a peacemaker, and I've got the Nobel Prize to prove it. I was elected on a platform of ending the wars in Iraq and Afghanistan and, within one year of my election, shutting down that blight upon America’s ethos and goodness, Guantanamo Bay … except that, presently, I’ve left 49,700 troops in Iraq, doubled down in Afghanistan and sent 30,000 more troops there, launched a brand new war in Libya, and after much education and coming to grips with the realities of evil that exist in the real world, grew up and decided that Guantanamo must remain open, just like Mr. Bush and **** Cheney tried to tell me.

As I said during the election, I don’t just want to be the President of the blue states or the red states, but the United States ... except that I’ve managed to infuriate and alienate liberals, conservatives and moderates, due to my disastrous decisions and nonexistent results.

Had enough yet, America?
 
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Tobias and Bueno- :goodposting: Both of you have made excellent arguments. Unfortunately, they leave me as uncertain as before.

Tobias, your point about the Clean Air Act is a strong one. I work in Los Angeles County, and there is no doubt that the air is healthier here than it was when I was younger. Hopefully if less people get sick as a result, it will be a positive difference. I can't argue that the price hasn't been worth it, though I wish there was a way to do this without so many restictions on new businesses.

But Bueno also makes a great point. While I truly do care about clean air, and I am willing to accept restrictions because of it, I don't care about whether some one species of turtle goes extinct, or whether polar bears become endangered. I have nothing against polar bears, but I don't want them to stop production that will have a positive impact on our society. If you can prove that the impact is negliglible, then that's something else.

Bueno also wrote:

Obama has been terrible on energy policy. So was Bush II, Clinton, Bush I, Reagan and Carter. Translation: the Energy Department has been terrible on Energy policy since it was created.

If this statement is true, then it indicates to me that Obama does not deserve special criticism for energy policy.

 
Federal judge throws out Obama drilling rules By MEAD GRUVERAssociated PressCHEYENNE, Wyo. -- A judge on Friday threw out Obama administration rules that sought to slow down expedited environmental review of oil and gas drilling on federal land.U.S. District Judge Nancy Freudenthal ruled in favor of a petroleum industry group, the Western Energy Alliance, in its lawsuit against the federal government, including Interior Secretary Ken Salazar.The ruling reinstates Bush-era expedited oil and gas drilling under provisions called categorical exclusions on federal lands nationwide, Freudenthal said.The government argued that oil and gas companies had no case because they didn't show how the new rules, implemented by the U.S. Bureau of Land Management and U.S. Forest Service last year, had created delays and added to the cost of drilling.Freudenthal rejected that argument."Western Energy has demonstrated through its members recognizable injury," she said. "Those injuries are supported by the administrative record."An attorney for the government declined to comment but Kathleen Sgamma, director of government and public affairs for the Denver-based Western Energy Alliance, praised the ruling."She completely discounted the government's argument that the harm was speculative," Sgamma said of the judge.The Energy Policy Act of 2005 allows the BLM and Forest Service to invoke categorical exclusions and skip new environmental review for drilling permits under certain circumstances.The circumstances include instances where companies plan to disturb relatively little ground and environmental review already has been done for that area. A categorical exclusion also can be invoked when additional drilling is planned at a well pad where drilling has occurred within the previous five years.Categorical exclusions were widely used throughout the West - especially in the gas boom states of Wyoming, Utah and New Mexico - until last year.In Wyoming, the BLM invoked categorical exclusions for 87 percent of the new gas wells drilled in the Upper Green River Basin between 2007 and 2010. Those drilling permits added up: Close to 3,000 over those three years in the basin's Jonah Field and Pinedale Anticline gas fields.The Jonah Field and Pinedale Anticline ranked fifth and sixth for gas production in the U.S. in 2009.Federal land agencies adopted new rules for interpreting the Energy Policy Act last year in response to an environmentalist lawsuit over the use of categorical exclusions. The Western Energy Alliance sued over the new rules last fall.
http://www.miamiherald.com/2011/08/12/2356943/federal-judge-throws-out-obama.htmlThis judge is an Obama appointiee. And let's see, a few months ago the Obama administration was found in contempt of court for similar reasons. I don't see how anyone can say he hasn't been horrible on energy policy.
 
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We are talking about one location and saying that because it can only produce 4% of the total that it is a 'piddling' amount. Getting 4% from one location will have a significant impact. No one thinks ANWR is the total solution, it is just one major piece to help out and work towards independence. The worst thing Obama is doing is using regulations to shut dow coal plants.
No, we're not.Quote from the Heritage piece:
The implications are staggering. Next year alone, additional production from deepwater wells could generate 411,000 barrels per day or 150 million barrels for the year. That’s five times the amount that Obama released from the Strategic Petroleum Reserve.
They don't source that information, and given the quality of the analysis alone I think it should be dismissed completely. But even they are talking about 4% of U.S. production from all deepwater reserves. That's a really really really really small part of the global supply picture. If you're talking about energy prices, it's not part of the solution. At all. And Obama has not "used regulations to shut down coal plants." I assume you're talking about EPA creating new Clean Air Act and Clean Water Act standards that are, in some cases, not cost-effective for coal plants to meet (some would argue that is their fault for not updating the emissions technology at their facilities regularly and/or cleaner-burning technology, but whatever). Those standards are required BY LAW to be updated to reflect scientific developments allowing for cleaner generation. If EPA didn't update them, they'd get sued by environmental NGOs and the courts would mandate it to comply with the statute. If you have an issue with that, your issue is with the CAA and CWA, and therefore with Congress. Not with Obama.As usual, this sounds like a case of someone who doesn't know what they're talking about taking a soundbite from someone else who doesn't know what they're talking about (usually someone affiliated with Rupert Murdoch) and running with it.
 
Tobias and Bueno- :goodposting: Both of you have made excellent arguments. Unfortunately, they leave me as uncertain as before.

Tobias, your point about the Clean Air Act is a strong one. I work in Los Angeles County, and there is no doubt that the air is healthier here than it was when I was younger. Hopefully if less people get sick as a result, it will be a positive difference. I can't argue that the price hasn't been worth it, though I wish there was a way to do this without so many restictions on new businesses.

But Bueno also makes a great point. While I truly do care about clean air, and I am willing to accept restrictions because of it, I don't care about whether some one species of turtle goes extinct, or whether polar bears become endangered. I have nothing against polar bears, but I don't want them to stop production that will have a positive impact on our society. If you can prove that the impact is negliglible, then that's something else.

Bueno also wrote:

Obama has been terrible on energy policy. So was Bush II, Clinton, Bush I, Reagan and Carter. Translation: the Energy Department has been terrible on Energy policy since it was created.

If this statement is true, then it indicates to me that Obama does not deserve special criticism for energy policy.
Glad it helps. bueno knows what he's talking about, I'm always happy to talk energy with him.

As far as your post goes, everyone's calculations on environmental protection vs. business development will differ. Some feel that we have a responsibility to all God's creatures- or they simply think that biological diversity is important for ways that are hard to fully understand even now. Others focus more on the human experience in the present and near future, and even those people differ on the importance of the economy vs. clean air, for instance.

I'm not a real expert on the environment- I know more than most, but there are far better sources. And I defer to others on jobs/local economy issues, too. But I do know energy, so I can tell you about that. We simply don't have the resources on federal lands to really impact energy supply in a meaningful way- at least not with respect to oil, and to me it looks like natural gas supply is a non-issue for decades to come. So your calculation there should be entirely jobs/economy vs. environment/safety. So scary stories about what will happen if we don't open up ANWR or the outer continental shelf or whatever are just that- scary stories, used for political gain by the right. However, when you talk about fracking, that's something where we have game-changing resources, so the calculation is different. And there I agree with bueno- the scary stories about environmental risks are wildly exaggerated scary stories used for political gain by the left.

 
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i wish we'd taken the $800 billion stimulus and instead put it up for bid on the next clean energy technological advance. Criteria: energy must produce results similar or exceeding petroleum with lower production costs, lower environmental impact and be easily scalable to replace petroleum completely over a 10-15 year period.

 
'timschochet said:
Tobias and Bueno- :goodposting: Both of you have made excellent arguments. Unfortunately, they leave me as uncertain as before.

Tobias, your point about the Clean Air Act is a strong one. I work in Los Angeles County, and there is no doubt that the air is healthier here than it was when I was younger. Hopefully if less people get sick as a result, it will be a positive difference. I can't argue that the price hasn't been worth it, though I wish there was a way to do this without so many restictions on new businesses.

But Bueno also makes a great point. While I truly do care about clean air, and I am willing to accept restrictions because of it, I don't care about whether some one species of turtle goes extinct, or whether polar bears become endangered. I have nothing against polar bears, but I don't want them to stop production that will have a positive impact on our society. If you can prove that the impact is negliglible, then that's something else.

Bueno also wrote:

Obama has been terrible on energy policy. So was Bush II, Clinton, Bush I, Reagan and Carter. Translation: the Energy Department has been terrible on Energy policy since it was created.

If this statement is true, then it indicates to me that Obama does not deserve special criticism for energy policy.
One has to make the distinction between cleaning up/making more efficient automobiles (everything from PCV to ethanol) and energy development policy. The environemental protection act is different from the clean air and clean water act. It is not a simple sound bite solution. As to using the various regulatory agencies, I have sat in hearings where corporate experts are barely paid attention to while some stoned-out hippy who took Timothy Leary a little too seriously seems to get more respect when he says something like "the earth is dying. Have you no feelings for her?"Of course that may be just the color of my glasses too, but I would think that a lot of this hearing noinsense is a little too populist for someone like you. I will try to address Tobias in more detail when I'm not spending $0.19/minute to do so.

 
'TobiasFunke said:
We are talking about one location and saying that because it can only produce 4% of the total that it is a 'piddling' amount. Getting 4% from one location will have a significant impact. No one thinks ANWR is the total solution, it is just one major piece to help out and work towards independence. The worst thing Obama is doing is using regulations to shut dow coal plants.
No, we're not.Quote from the Heritage piece:
The implications are staggering. Next year alone, additional production from deepwater wells could generate 411,000 barrels per day or 150 million barrels for the year. That's five times the amount that Obama released from the Strategic Petroleum Reserve.
They don't source that information, and given the quality of the analysis alone I think it should be dismissed completely. But even they are talking about 4% of U.S. production from all deepwater reserves. That's a really really really really small part of the global supply picture. If you're talking about energy prices, it's not part of the solution. At all. And Obama has not "used regulations to shut down coal plants." I assume you're talking about EPA creating new Clean Air Act and Clean Water Act standards that are, in some cases, not cost-effective for coal plants to meet (some would argue that is their fault for not updating the emissions technology at their facilities regularly and/or cleaner-burning technology, but whatever). Those standards are required BY LAW to be updated to reflect scientific developments allowing for cleaner generation. If EPA didn't update them, they'd get sued by environmental NGOs and the courts would mandate it to comply with the statute. If you have an issue with that, your issue is with the CAA and CWA, and therefore with Congress. Not with Obama.As usual, this sounds like a case of someone who doesn't know what they're talking about taking a soundbite from someone else who doesn't know what they're talking about (usually someone affiliated with Rupert Murdoch) and running with it.
Tobias, I think you and I both know that the Deep Water Gulf has the potential to produce more than 4% of our energy needs.
 
He is energizing the Tea Party...

Obama Conversation With Tea Partier Gets HeatedDECORAH, Iowa – President Obama got into a heated back-and-forth Monday with a Tea Party activist who demanded to know at the end of a town hall meeting here whether Vice President Biden had called Tea Partiers “terrorists” during the debt ceiling debate on Capitol Hill.In public, Obama did not directly answer the question from Iowa Tea Party activist Ryan Rhodes about Biden.“He just denied it. He said the vice president didn't make any of those assertions,” Rhodes said. “If he doesn’t want to even admit what was on TV nationally -- all over the place -- then how can you have a conversation?”Rhodes added that Obama brushed him aside. “Then he said, ‘We can't have a conversation because you're saying I called you a terrorist,’” recalled Rhodes. “The fact is it demonstrates the deep divide that he is unwilling to negotiate without going after the other side. The whole day was about going after Republicans and talking about how unreasonable they are.”
 
First, addressing the numbers-based poAs always, I respect bueno's knowledge and perspective on this stuff. But in this case his post contains only one numbers-based point .... and that is that even if we use the estimates from Heritage (bueno thinks Heritage is the first partisan thinktank in history to lowball numbers in support of their own position), we "reduce our dependency on foreign oil by 4%."

I'll attack that argument first- 4% is already a piddling total, and let's remember that we're talking oil only there. Oil is only one of the many resources, fossil fuel and renewable, that can be converted into energy for our use. And of course I think the estimate is high, if for no other reason than it comes from partisan sources. Furthermore, oil is globally traded at pretty consistent prices, unlike natural gas which has more local markets. So the real question is how much does our increased production impact the global market? And the answer, obviously, is not at all.

So to review- "reducing our dependence by 4%" is talking only about oil, not all natural resources, is likely based on an overly optomisitc estimate of reserves, and is a farce to begin with since oil is a global good whose price is impacted by the global supply not the national one.

Now let's move on to the other points, those for which my good friend bueno has no hard data, only rhetoric.

1. There were some delays in permitting after Deepwater Horizon. Some would say with good reason. Regardless, that is mostly behind us now. Here are actual Gulf of Mexico offshore permitting numbers. As you can see, the idea that the Obama administration is holding up most offshore activity is a myth created by the right to score political points. Incidentally, just a guess here, but I would bet that the "withdrawn" or otherwise canceled shallow water permits are due to the fact that natural gas (produced more in shallow water, oil more often in deepwater) is absurdly cheap right now, making it unprofitable to do offshore production.

2. The fact that natural gas is plentiful and cheap is an important counterpoint to silly doomsday predictions as a more general matter. For most consumer's purposes, natural gas can do everything oil can do except power your car, and that's only because the market hasn't forced widespread conversion yet. The technology clearly exists (Google "Compressed Natural Gas"). Gen plants fueled by natural gas are cleaner than coal or oil plants and obviously run cheaply too. And natural gas is plentiful in this country and in Canada, and will be far more plentiful as we tap into shale gas formations via hydraulic fracturing- and Obama has so far kept things relatively peaceful on the fracking front, letting industry and the states work it out.

Bottom line, the right likes to scare you with stories of brown people holding this country hostage because they have all the oil. That's silly. The absolute worst thing that would happen- and this is many years away- is a bunch of idiots who bought gas guzzlers would have to buy new CNG vehicles because they can't afford to fill the tank any more. Sounds like a good thing to me- cleaner air plus jobs.

3. On a related point- I would like for Obama to be pushing for more development of CNG, including, infrastructure, research, whatever. He's not really doing that. So I agree with bueno there. But I think it's strange for a right-leaning commenter to criticize Obama's lack of an energy policy. There's another phrase often used to refer to a government leaving an industry alone ... it's called "laissez-faire." You know, free market. If you want to drive your SUV back and forth to your exurb every day, you can pay for it yourself. The ocean and the air belong to all of us, not just the people who want to pay a nickel less for a gallon of gas in 2022.

4. Regarding the EPA- it is adversarial, but that cannot be avoided. Compliance with environmental regulations cost businesses money, so businesses and the agency charged with environmental regulation are by their nature adversarial. But the private sector is invited to the table before any EPA rulemaking. I'm not sure what changes bueno would want to the process, but his entire paragraph about EPA sounds like a collection of catch phrases, nothing more. Bottom line, the EPA and the environmental statutes they're charged with administering work. Ask anyone who lives near the Chesapeake Bay if the Clean Water Act has helped. Ask anyone who lives in Southern California (or even better, anyone who flew into LAX back in the day) if the Clean Air Act has helped. And big business already has a substantial place at the table for all things EPA. Those pointing to EPA as "part of the problem" are just looking to score political points, which is evidenced by the fact that they rarely tell you specifically which EPA rules or policies they think are standing in the way of private sector development.

The rest of his post seems dedicated to creating fictional boogeymen on the left who "fight every proposed energy development." News flash- someone fights every development everywhere. It just happens. It'll never be avoided, and I happen to think it's a good thing. Ultimately the process leads to the proper balancing of pros and cons far more often than not.

Look, if people want to open up more federally controlled areas for oil and gas development, that's fine. I'm not opposed, and I think the environmental costs are often exaggerated, although Deepwater Horizon certainly made me think twice about that position. But be honest about what you're doing. You're trying to create jobs and maybe get the federal government a little extra revenue (in the form or royalties) in exchange for compromising a little natural beauty and sanctity. That's fine. But You're not affecting the energy markets one bit. Anyone who tells you differently is wrong.
First, addressing the numbers based point. My reading of the Heritage Foundation article led me to believe they were talking strictly about the Gulf, and possibly about only permits that have been The Gulf certainly ought to have the potentisl to produce more oil from deep water, from deeper formations and from tertiary and quaternary recovery techniques. It is not just the Gulf where environmental concerns have blocked oil drilling: coast of Florida, the Atlantic Coast, the Californias coast, ANWR, all of these areas added up would be significsnt. I don't have th enumbers sitting in an airport, but they can be researched. Point is, it is not just delays in permits, but delays in issuing new leases. TF might argue that there are leases that have not been drilled and we dshould drill them first. This is an argument Pelosi has made. However just because a lease has not been drilled, does not mean it has not been explored. The results of seismic surveying, for example, may suggest that certain areas are too small, or the geology too complex to address at this time. It is not as easy as all leases being of equal potential as Pelosi at least seems to believe. (One might recall a huge fight a few years ago over issduing more offshore leases.) Now TF's link to how many leases are granted (versus returned to applicant for more data) gives us little insight into how long it takes to get a permit from beginning the process of data collection through final approval. He is also guessing about the natural gas being a reason for withdrawn or cancelled applications. At a time when we are completing pipelines like crazy and retrofitting ships for exporting natural gas, I would find it incredulous that permits would be withdrawn for such short-term considerations.

It is true that oil is priced globally and natural gas locally, but not 100% so.It would be more accurate to say that oil is consistently priced in US dollars. Look at the difference on the various markets, or between Brent Crude and West Texas. The differences exist because Fact is, over-supply is affecting price right now. (As an aside, that our storage and refining capabilities are maxed out, makes Obama's release from the Strategic Petroleum Reserve look silly, doesn't it? If as TF asserts, supply doesn't really affect price, it look even more absurd.)

And it is not just wells or just oil. Remember Clinton Gore making a national monument out of the Escalante Staircase - a piece of Utah desert with dubious redeeming naturla value. Why? Couldn't be to shut down a coal project could it? The boogiemen exist - sometimes at the highest levels. I know of mines that have been delayed over 20 years by a handful of dedicated environmentalists. TF - read up on the Crown Jewel Mine if you doubt that.

There is a reason why the natural resource industry has all but left the US. The reason is different from why manufacturing has left, but both reasons are somewhat tied to government regulation.

Are there boogiemen that fight every development? Yes there are. Should they be given the creedence they get? I would argue no.

Talking points are what they are. At least mine are based on an informed opinion. O'Reilyor the Heritage Foundation OTOH.....

 
First, addressing the numbers based point. My reading of the Heritage Foundation article led me to believe they were talking strictly about the Gulf, and possibly about only permits that have been The Gulf certainly ought to have the potentisl to produce more oil from deep water, from deeper formations and from tertiary and quaternary recovery techniques. It is not just the Gulf where environmental concerns have blocked oil drilling: coast of Florida, the Atlantic Coast, the Californias coast, ANWR, all of these areas added up would be significsnt. I don't have th enumbers sitting in an airport, but they can be researched. Point is, it is not just delays in permits, but delays in issuing new leases. TF might argue that there are leases that have not been drilled and we dshould drill them first. This is an argument Pelosi has made. However just because a lease has not been drilled, does not mean it has not been explored. The results of seismic surveying, for example, may suggest that certain areas are too small, or the geology too complex to address at this time. It is not as easy as all leases being of equal potential as Pelosi at least seems to believe. (One might recall a huge fight a few years ago over issduing more offshore leases.) Now TF's link to how many leases are granted (versus returned to applicant for more data) gives us little insight into how long it takes to get a permit from beginning the process of data collection through final approval. He is also guessing about the natural gas being a reason for withdrawn or cancelled applications. At a time when we are completing pipelines like crazy and retrofitting ships for exporting natural gas, I would find it incredulous that permits would be withdrawn for such short-term considerations.

It is true that oil is priced globally and natural gas locally, but not 100% so.It would be more accurate to say that oil is consistently priced in US dollars. Look at the difference on the various markets, or between Brent Crude and West Texas. The differences exist because Fact is, over-supply is affecting price right now. (As an aside, that our storage and refining capabilities are maxed out, makes Obama's release from the Strategic Petroleum Reserve look silly, doesn't it? If as TF asserts, supply doesn't really affect price, it look even more absurd.)

And it is not just wells or just oil. Remember Clinton Gore making a national monument out of the Escalante Staircase - a piece of Utah desert with dubious redeeming naturla value. Why? Couldn't be to shut down a coal project could it? The boogiemen exist - sometimes at the highest levels. I know of mines that have been delayed over 20 years by a handful of dedicated environmentalists. TF - read up on the Crown Jewel Mine if you doubt that.

There is a reason why the natural resource industry has all but left the US. The reason is different from why manufacturing has left, but both reasons are somewhat tied to government regulation.

Are there boogiemen that fight every development? Yes there are. Should they be given the creedence they get? I would argue no.

Talking points are what they are. At least mine are based on an informed opinion. O'Reilyor the Heritage Foundation OTOH.....
I agree with most of this. I think the Pelosi "no new leases b/c the should use the leases they have" argument is silly. If there were commercially viable resources there they'd be producing. However, I completely disagree with the notion that there are delays in issuing new leases. As far as offshore drilling goes, the lease auctions are scheduled for five year periods. The current one is up next year. That means the current lease schedule was established by the Bush administration. As far as I know the Obama administration has skipped only one auction scheduled by the Bush administration. And the next five-year plan contemplates drilling almost identical to the Bush administration plan and previous plans. The only things that may be taken out that had previously been contemplated for leasing are a small area off the coast of Alaska and a tiny sliver off the coast of Virginia. Not a lot.

As far as onshore goes, I don't recall many new environmental protections stopping proposed exploration and production under Obama. There have been a number of auctions since January 2009- four this year alone auctioning off 72 parcels. I don't have historical data to compare that to previous administrations at my fingertips, but even that may be of little value because frankly, we've leased our most resource-rich federal lands already. You'd expect a slow decline over the last 10-20 years.

The larger point is still that we can't impact oil prices with increased domestic production, and certainly not by increased production in federally controlled areas, which is the only area the president's actions can directly impact. Even the most optimistic projections are a tiny fraction of the global supply.

On the rest of your post:

The reason I think people are pulling out of shallow water leases because of the low price of natural gas is because I know for a fact that a number of offshore production facilities that are producing gas are operating at a loss right now because of the low price of gas. They're basically just staying put because it's cheaper than the costs associated with leaving, that's the only financial motivation to stay. Given that, I assume that people are in no rush to begin new offshore natural gas production.

Yes, I totally agree the Obama release from the SPR made no sense given the global supply. It was purely cosmetic.

There are cases in which a previous president may have overreached in environmental protection- although again, none I can recall under Obama.

And there will always be cases in which environmental groups successfully challenge projects, but again, Obama's administration has nothing to do with these and couldn't really do something even if it wanted to. Those challenges are based on federal environmental statutes. So your problem here is not with Obama. It's with the laws- most of which have been on the books for at least a quarter century- and the courts' application of those laws.

Incidentally, the number and effectiveness of these challenges is often wildly overstated. Don't get me wrong, environmental groups bring a TON of these. But they are usually heard and ruled on very quickly because the environmental groups request injunctions and those matter are expedited. There just aren't a lot that stick and cause major headaches for leasing.

 
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Can't resist the juxtaposition:

Robert Heinlein:

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as "bad luck."
 
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