It's astonishing how clueless the right-wingers using that argument can be.
Apparently some of these "Drill Baby, Drill!" types are naive enough to believe that oil drilled off the American coast has a nice shiny label on it, and must be sold in America. It doesn't work that way. All oil drilled offshore of the USA goes to the WORLD spot market for petroleum. It does not stay in the USA. Once on the world market, it gets sold to the highest bidder - China, India, Argentina, whoever. There are NO laws saying that the oil must stay in the USA for Americans to use.
So every time some oil executive or right-wing talking head tells you that we need to open up more drilling in the USA to achieve "energy independence", you can know right off the bat that they are lying to you. All they're trying to do is boost oil company profits - and sell the oil to the highest bidder.
So until/unless we have a law that requires all oil drilled in the USA to be bought and sold here, then that oil will continue to be sold on the world spot market. The reason they're talking about "energy independence" is because they count on the American public to be stupid enough not to realize how commodities future markets operate.
Don't like it that way? Fine - then change the law. That's what China does: all domestically produced oil in China is required to stay in China; it never goes to the world spot market. That way China only buys surplus oil. It's also why calculating China's oil consumption is hard; their domestic production numbers are a state secret.
Oil companies (and their puppets in Congress) get stupid rednecks all worked up over "drill, drill, drill" by telling them that it will help the American economy. They count on uninformed voters to not know how the global oil market actually operates. But drilling offshore only boosts oil company profits - it does NOTHING to make America less dependent on oil, foreign or otherwise.
And this says nothing about the problem of taking years, even decades, to bring an oil field from concept to production. A field that comes online in 2025 isn't going to do anything to lower gas prices today.
This new policy of banning comments is a pretty stupid business decision. It only serves to create less readership for your online rag. How anybody at the TFP sees that as a good thing is a mystery.
Chattanooga police officers reported
finding Cpl. Matt Spears and a woman
having sex in the back of a sport
utility vehicle in the parking lot of
the Samaritan Center.
On the other hand, maybe the guy was just being a good Samaritan.
A guy was arrested at Chester Frost Park last year for sitting in his car nude reading the newspaper. I would hope this cop gets at least the same punishment as that guy got.
Hopefully, by 2025 the EPB will figure out that underground lines won't be as susceptible to storms and falling trees. And President Wamp will finally get us out of Afghanistan.
Do you think Mayor Littlefield should be recalled?
Q. What is the difference between the recallers and a piano?
A. The piano knows when it is being played.
COA does the dirty work. Folkner gets the benefit.
Gas Prices
It's astonishing how clueless the right-wingers using that argument can be.
Apparently some of these "Drill Baby, Drill!" types are naive enough to believe that oil drilled off the American coast has a nice shiny label on it, and must be sold in America. It doesn't work that way. All oil drilled offshore of the USA goes to the WORLD spot market for petroleum. It does not stay in the USA. Once on the world market, it gets sold to the highest bidder - China, India, Argentina, whoever. There are NO laws saying that the oil must stay in the USA for Americans to use.
So every time some oil executive or right-wing talking head tells you that we need to open up more drilling in the USA to achieve "energy independence", you can know right off the bat that they are lying to you. All they're trying to do is boost oil company profits - and sell the oil to the highest bidder.
So until/unless we have a law that requires all oil drilled in the USA to be bought and sold here, then that oil will continue to be sold on the world spot market. The reason they're talking about "energy independence" is because they count on the American public to be stupid enough not to realize how commodities future markets operate.
Don't like it that way? Fine - then change the law. That's what China does: all domestically produced oil in China is required to stay in China; it never goes to the world spot market. That way China only buys surplus oil. It's also why calculating China's oil consumption is hard; their domestic production numbers are a state secret.
Oil companies (and their puppets in Congress) get stupid rednecks all worked up over "drill, drill, drill" by telling them that it will help the American economy. They count on uninformed voters to not know how the global oil market actually operates. But drilling offshore only boosts oil company profits - it does NOTHING to make America less dependent on oil, foreign or otherwise.
And this says nothing about the problem of taking years, even decades, to bring an oil field from concept to production. A field that comes online in 2025 isn't going to do anything to lower gas prices today.
Voter Enthusiasm
To paraphrase James Carville, that GOP dog keeps spitting out the Romney pill, but eventually it will swallow the pill.
Gerber: Our online comments policy is changing
This new policy of banning comments is a pretty stupid business decision. It only serves to create less readership for your online rag. How anybody at the TFP sees that as a good thing is a mystery.
Budget cuts threaten Tennessee and Georgia Pell grants
What a shock. Chuckie declines comment through his spokesman.
Plan B
And I thought Mr. Lohr was a Libertarian? Surely, he isn't suggesting that government interfere with an individual's right to choose, is he?
Like father, like son? Wamp donors ponder
I am declining to comment through my spokesman.
Collegedale officer reprimanded for “display of affection” with wife in patrol car
On the other hand, maybe the guy was just being a good Samaritan.
Collegedale officer reprimanded for “display of affection” with wife in patrol car
A guy was arrested at Chester Frost Park last year for sitting in his car nude reading the newspaper. I would hope this cop gets at least the same punishment as that guy got.
Cook: A letter from the year 2025
Hopefully, by 2025 the EPB will figure out that underground lines won't be as susceptible to storms and falling trees. And President Wamp will finally get us out of Afghanistan.