Isaiah 6:5
“Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”
Cancel 2018. 3 (03-26-2012)
Poor PiMP.
Bereft of facts, reduced to baseless accusations and repeated references to alleged non-existent rebuttals he never made.
Hilarious.
The U.S., according to the CIA World Factbook, is the third-largest oil producer with an estimated output of 9.688 billion barrels in 2010, behind Russia and Saudi Arabia.
However, according to Daily Finance, Americans were the single greatest users of oil, consuming 18.8 million barrels per day in early 2011.
That is more than the top four consumers below American consumption combined.
http://personalmoneynetwork.com/mone...il-production/
The market drives gas prices....not Obama, not Bush.
Isaiah 6:5
“Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”
Cancel 2018. 3 (03-26-2012)
Isaiah 6:5
“Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”
You don't know "better" if you think US production is going to satisfy our own thirst for oil, much less the emerging nations that are the source of the rise in demand.
Every day, U.S. drivers pay a price determined by forces all over the world that are hard to understand and harder for the United States to control.
Even if we invested in better refineries and exploited every possible energy source, from the Keystone pipeline to the Alaskan wilderness, the impact could be minimal.
It could eventually lower prices at the pump — but only if nothing else affects them, like OPEC lowering its production to drive prices back up again. The price of oil is, of course, affected by hundreds of interrelated factors.
“The folks on the right say: ‘Drill here! Drill, drill, drill!’ But that will not impact the global price of oil,” says Gal Luft, co-director of the Institute for the Analysis of Global Security.
“How do I know? Because we had this great experiment for seven years where our dependence on oil declined from 60 percent to 45 percent. We import much less percentage-wise than we did 10 years ago. What happened to the price of oil? It doubled.”
http://www.nytimes.com/2012/04/01/ma...vior.html?_r=1
Bookmarks