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The Water Cooler
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<blockquote data-quote="Nraman" data-source="post: 2691758" data-attributes="member: 10001"><p>I am not an economist but I noticed that every time we had a big jump in oil prices, the economists predicted that it would hurt the economy and every time we had a drop the opposite.</p><p>When NG prices dropped I read about European companies that were thinking about moving to the US to take advantage of the cheaper energy.</p><p>The majority of the oil all over the world is controlled by a handful of oil companies and governments. No free enterprise here. Applying free enterprise methods in the US by allowing unrestricted drilling/production would allow the oil to find its correct price. </p><p>Giving preference to US companies would keep the money in the US where it is badly needed. Yes, if the government can give contracts to minorities, they can also figure out a way to give the leases to US companies, assuming that the lobbies allow it; big bucks go to the lobbies, they must be effective. Companies like Shell, get oil leases from the government and sit on them. Using them would affect oil prices and hurt profits.</p><p>Mit Romney was making speeches about North American oil independence. Cute except for some minor details. He was not running for President of North America, his implied US independence meant more imported oil from a different source, where is the independence there? All this nonsense in a country that may have more oil than any other in the world and unlike any other country, doesn't allow unrestricted drilling.</p><p>We are conditioned to blame the liberals for drilling restrictions but, when the Republicans have the House, Senate and White house, they don't act much different than the liberals when it comes to oil. It can't be that they are worried about losing the environmentalist vote, they never had it, never will.</p></blockquote><p></p>
[QUOTE="Nraman, post: 2691758, member: 10001"] I am not an economist but I noticed that every time we had a big jump in oil prices, the economists predicted that it would hurt the economy and every time we had a drop the opposite. When NG prices dropped I read about European companies that were thinking about moving to the US to take advantage of the cheaper energy. The majority of the oil all over the world is controlled by a handful of oil companies and governments. No free enterprise here. Applying free enterprise methods in the US by allowing unrestricted drilling/production would allow the oil to find its correct price. Giving preference to US companies would keep the money in the US where it is badly needed. Yes, if the government can give contracts to minorities, they can also figure out a way to give the leases to US companies, assuming that the lobbies allow it; big bucks go to the lobbies, they must be effective. Companies like Shell, get oil leases from the government and sit on them. Using them would affect oil prices and hurt profits. Mit Romney was making speeches about North American oil independence. Cute except for some minor details. He was not running for President of North America, his implied US independence meant more imported oil from a different source, where is the independence there? All this nonsense in a country that may have more oil than any other in the world and unlike any other country, doesn't allow unrestricted drilling. We are conditioned to blame the liberals for drilling restrictions but, when the Republicans have the House, Senate and White house, they don't act much different than the liberals when it comes to oil. It can't be that they are worried about losing the environmentalist vote, they never had it, never will. [/QUOTE]
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