'Our country will have absolutely no control over its energy prices'
Oil & Gas JournalNational Stripper Well Association Chairman Dewey Bartlett Jr., in an Aug. 12 statement on a US Energy Information Administration prediction that the Obama administration’s proposed federal oil tax changes would reduce future US output of crude oil annually by 15.4% and natural gas by 8.9% by the end of 2012:
“The decreased production that will result from the proposed tax increases will have a catastrophic effect upon the American consumer since less domestic oil means higher prices.
“The [Organization of Petroleum Exporting Countries] leadership will have almost exclusive control over the world-wide pricing of crude oil as well as all products refined from crude oil such as gasoline, jet fuel and diesel fuel. Each of the thirty-plus states that have oil and natural gas production will experience a sharp decrease in tax revenues and significant job losses.More...
Jim,
I've sent this on because it seems to tie in to an article I read this AM on "S.Wd." Limited exploration/development/production is due to low market prices, faulty legislation, and public outcry on numerous issues, and will not do a thing to advance the Marcellus play. In spite of positive strides to develop the infrastructure needed, without prompt changes of the latter two, not much will be happening in the Marcellus... at least on the scale that could exist. There is a great deal of natural gas in many other parts of the world that can and is being developed without the current turmoil that exists within our own country. It doesn't matter that it's not the quality of Marcellus gas, even w/transportation costs considered buying natural gas and oil abroad is easier. U.S. companies have been drilling outside our own boundaries for decades ... fewer hassles! What's new?
14 comments:
the power to change is in our hands...the right to use solar energy...we can power everything we need with a simple solar and battery system...what's the government going to do then...tax us for using the sun.......
11:23 You nailed it --- on one level. The good Lord gave us multiple natural resources for the benefit of all. The sun, the wind, resources on the land, under the surface, in our waterways and oceans. It's up to us to use them wisely. If taxes must be paid, let them be for the up-keep of infrastructure needed to develop and maintain them.
nice move democrats when you elected that thing in the whitehouse. i guess your man has proven again what he really is up to.
Obama has done it again, He and his gruop of crownies are going to put all of us normal people in caves, we struggle to survive now. Good grief, whats next???
Signed; Feed up With Big Government
11:23, Have you priced out what it would cost to power your house with solar panels around here?
Even if you pull from the grid sometimes (a string of cloudy winter days) it would probably cost over $25,000.
I know economics of scale comes into play, but as long as it is cheaper for the power companies to burn coal etc. this is what people are going to buy.
is that cost for the disposal of the solar panels too?
You people have to quit be republicans and democrats and put the country first. HOW soon the republicans forget about george W Bush and his cronies that screwed the american public for his 8 year term. Remember he never vetoed one spending bill. Talk about energy h his oil buddies made BILLIONS off the backs of working americans then bragged of their record profits, remember gas at $ 4.00 + so quit the party B.S. and put america first
Remember all but one or two of us wanted CHANGE !!!
Won't be long until the cost of everything will be less then the tax on it.
IS that the CHANGE that all but one or two of us wanted ???
a majority of the big oil is owned by little investors. The profits went to the little people like you and me. Yea... tax em. Research before you write.
I am beginning to believe our new Pres is a good talker...not a good listener and when he tries to answer questions, well there you have it, he hangs himself!
Talk about change?!
We would like the health insurance industry REGULATED better by the federal government. What does he offer? A federally regulated health care system, what the heck?
Where are all of these young college kids now? In PA for your child to attend a university they MUST have health insurance, I am sure their parents were or are paying it for them. I can't wait for these young Dem's to become property owners, business owners and full time hard working tax payers. Only then will they see the full effect of the CHANGE they voted for!!!
We would like the federal government to regulate the import of oil, stop the speculator crap that drove the price of gas and diesel to high heaven and control the impact to our environment by doing our own drilling, refining and use of wind power.
What does he do, tax the hell out of our energy and pat OPEC on the back, once again shoving it up our back side. And then to top it all off I guess the USA is the only country interested in global warming or at least the ones willing to try to do something about it. The other countries put their thumbs on their noses to Mr. "O", they do not care!
I can't wait to make some CHANGE in the next election, not looking good for our new man in the White House about now. Hell campaigning for the next election is just about ready to start isn't it? Ha
Hey 9:25,
"And then to top it all off I guess the USA is the only country interested in global warming or at least the ones willing to try to do something about it."
You might be interested in knowing the per capita carbon footprint of Americans is orders of magnitude higher than the rest of the world before you go spouting off about how we are the only people that care:
http://www.nationmaster.com/graph/env_pol_car_dio_per_cap-pollution-carbon-dioxide-per-capita
I guess this is why they have to wear face maskes in other countries?
It has to rain for days for the air to be pure enough to breath without one on!
Remember the Olympics?
Maybe you are spouting off! But go right ahead and believe EVERY thing your read and do not see with your own eyes!
You do or you do not was government oversight? Also, Dick Cheney and George Bush made millions off oil investments throughout the course of their term....small private investors own the majority? billions were made off those high oil prices....i don't think that John Q public was in the running.
Finger pointing to the Dem's and or Rep's are getting us no where!
Show me a Dem that is a saint, will ya?
Show me a Rep that is a saint while you are at it!
Government regulation is one thing "over sight" is another. Heck they can not even over see their Federally run departments. Social Security, Medicare, Postal Service, and the list goes on...The government at EVERY level has gotten TOO large and waste too many of our tax dollars, PERIOD!
It is what it is...
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