Obama said what?

denise m

I may have to stand corrected but as I understand, the ban on off shore drilling was to cease in 2002. But due to environmental concerns (especially oil spills - remember Valdez) and near record low gas prices, Clinton extended the ban until 2012 in 1998. Of course things have changed and there is pressure to lift the ban. The problem is at what price

I would rather spent money on oil produced by the US than handing it over to the OPEC. It confuses me when I hear about no more drilling here but trying to convince the OPEC to step up their oil production, how does that make any sense? Like I mentioned, the Chinese are driliing off the coast of Florida....do you really think  they will follow the proper procedures and are really concerned with spills? When it comes to environmentally friendly the Chinese don't pop in my mind.

miranadobe

snownose

Pit_Pointer_Aussie

If you don't understand the Koran, read it

**edited content**

Wow, .... just going for every insult you can! Pretty offensive.  The OP's integrity in this thread was questionable from the get go, but.... Wow.

Perfect example of how some people need to lighten up.

I never mentioned the word "Muslim" once, seems to me that several posters after that started using it and ran with it.....then I responded.Like I said, I have heard said much worse about the bible and I don't let it get to me.

denise m

Hmmm, or is it just more socially acceptable to use the 'muslim' card than the 'black' card? Just asking?    

I think you hit the nail right smack dab on the head, Denise. My BIL lives in Tennessee, has been a life-long Democrat and supported Hillary.  Fine.  Her politics and Obamas are pretty much the same so if you can support one, why not the other? Why is he now saying he'll vote for McCain rather than Obama? Because he doesn't want a black president but it's just not PC to say that out loud - so let's see how many people we can scare with the "Muslim terrorist" crap. After his last e-mail, I told him I knew he had better sense that than that and that he needed to go and do what Hillary said to do .... be a good Democrat and get those "Obama for President" signs up on his front lawn and on his car bumper.

Joyce

denise m

I may have to stand corrected but as I understand, the ban on off shore drilling was to cease in 2002. But due to environmental concerns (especially oil spills - remember Valdez) and near record low gas prices, Clinton extended the ban until 2012 in 1998

I don't know the exact timetable, but Clinton could only have lifted or extended the executive order on the ban, which is what Bush did a week or so ago (lifted it, not extended it).  But Congress has to lift the legislative ban.  The executive ban was more of a "non-binding" thing, with no legal merits.  Only Congress can actually allow exploration and drilling to go forward.

Wow.  Just read this online.  Obama's new plan to stimulate the economy (relates to the oil discussion):

http://www.politico.com/news/stories/0808/12237.html

Fascism at its finest!!!  See why this man scares me???  BTW, Hillary said something similar during her campaign about "taking those profits" from the oil companies.  Sorry, guys, but I don't want to live in a fascist country.

And I don't want to get into this again, because I believe it was snownose who already covered this in a previous thread, but profits mean nothing to a company.  It is the profit margin that is important, and Exxon's profit margin has dipped below 8%, which is pretty sad for a major corporation.  Ya'll know who benefits from these record profits, don't you?  Stockholders.  Most of the stock in oil companies is held in retirement plans (IRAs, 401Ks, etc).  In fact, I believe the teacher's unions retirement plans hold a whole lot of stock in oil companies.  Just trying to show everyone how this all really works.  You're not gonna hear about it on your nightly new program.

aerial1313

Ya'll know who benefits from these record profits, don't you?  Stockholders.  Most of the stock in oil companies is held in retirement plans (IRAs, 401Ks, etc).  In fact, I believe the teacher's unions retirement plans hold a whole lot of stock in oil companies.  Just trying to show everyone how this all really works.  You're not gonna hear about it on your nightly new program.

Excellent point, so that would mean that all of you who hold stock in oil are "Oil People", oh, the shock.....and if your stock broker has not invested in oil for you he needs to be clobbered over the head with a 2x4.

snownose

Like I mentioned, the Chinese are driliing off the coast of Florida...

You are incorrect.

There is exploration (not drilling) going on in Cuban waters that are within about sixty miles of Florida.  None of the exploration is being done by Chinese companies.

http://www.factcheck.org/askfactcheck/are_the_chinese_drilling_off_the_coast.html

Myra

There is exploration (not drilling) going on in Cuban waters that are within about sixty miles of Florida.  None of the exploration is being done by Chinese companies.

Would that be Chinese front companies such as HutchisonWhampoa?

snownose

Myra

There is exploration (not drilling) going on in Cuban waters that are within about sixty miles of Florida.  None of the exploration is being done by Chinese companies.

 

Would that be Chinese front companies such as HutchisonWhampoa?

You can believe what you want.

Personally, in the absence of any hard proof from a legitimate source, I'll believe the FactCheck article and the statement issued by VP Cheney's office, which admitted that he was absolutely wrong in having made the statement to begin with, and which stated that the Chinese are not involved in any exploration, let alone drilling.

Is CNN credible enough for you?

http://money.cnn.com/2006/05/09/news/economy/oil_cuba/index.htm

snownose

Is CNN credible enough for you?

http://money.cnn.com/2006/05/09/news/economy/oil_cuba/index.htm

You're kidding, right?  Did you even read the FactCheck article I linked to, which goes back through the history of this issue?

Breaking news....

This is how much your Democrats in Congress care about reducing oil prices:

http://www.politico.com/blogs/thecrypt/0808/House_Dems_turn_out_out_the_light_but_GOP_keep_talking.html?showall

I must say this is actually pretty funny, though.  We elected these nutcases (both sides!)??? 

Myra

snownose

Is CNN credible enough for you?

http://money.cnn.com/2006/05/09/news/economy/oil_cuba/index.htm

You're kidding, right?  Did you even read the FactCheck article I linked to, which goes back through the history of this issue?

The fact stands that China is in partnership with Cuba and as of yet they haven't stuck their hands in the cookie jar.....so, we can sling around the fact of the Chinese drilling as of yet, the fact remains other countries are going to drill and they will be oh so happy to sell it to the Chinese.......while we are sitting on our hands.

Edit:

So, we just replace China with Brazil.....

aerial1313

You mean this little "Fact Check " snippet?They must know something we don't....drilling in two years and we have to wait a decade.......lol

<<<<<<Another exploration deal was announced between Brazil's state oil company, Petrobras, and Cuba. The deal would allow Petrobras to explore in Cuba's offshore territories in the Gulf of Mexico, with a potential drilling start-date in two years. >>>>>>

aerial1313

Breaking news....

This is how much your Democrats in Congress care about reducing oil prices:

http://www.politico.com/blogs/thecrypt/0808/House_Dems_turn_out_out_the_light_but_GOP_keep_talking.html?showall

I must say this is actually pretty funny, though.  We elected these nutcases (both sides!)??? 

I heard it on the radio .....lol....who was the guy hitting the main breaker?.....LOL