Barack Obama's Legacy -- How strong of a President is he historically?

[TheReal_ND]

It seems to me fracking doesn’t drive the price down so much as it puts a cap on how much they/opec can drive the price up.

They really don’t have the power to make oil $100 unless we let them.

They really shouldn’t have much oil blackmail ability any more....

Bingo Bango. Once oil is 100 we can start competing. The oil glut we had recently was caused intentionally though why, we can only speculate. People were taking bets on how long SA could keep pumping at a loss.

Speaking of which gas prices are downtrending atm but I have no idea why.

[TheReal_ND]

I dont know what the average lifespan of a shale play is but what I can say is that there is a lot of speculation going on. Basically you get a lease to drill and if you do nothing in two years you have just lost the leasing cost so some people will drill and then cap the well which i presume extends the lease and opens up speculation the price of oil will go large. It is a highly speculative market no doubt. Reminds me of bitcoin tbh

[nmoore63]

I wouldn’t be surprised to see speculation in eastern Washington in my life time.

Somethings got to be struck between the Rockies and the cascades....

[Montegriffo]

I lost incandescent bulbs to that fucker

Good.

[Montegriffo]

It seems to me fracking doesn’t drive the price down so much as it puts a cap on how much they/opec can drive the price up.

They really don’t have the power to make oil $100 unless we let them.

They really shouldn’t have much oil blackmail ability any more....

Bingo Bango. Once oil is 100 we can start competing. The oil glut we had recently was caused intentionally though why, we can only speculate. People were taking bets on how long SA could keep pumping at a loss.

Speaking of which gas prices are downtrending atm but I have no idea why.

All those ME wars are really bad for the environment. Jet fighters use shit loads of fuel and the depleted uranium leaches into the water table.
If everyone had an electric car you wouldn't have to leave all the MRE packaging in the desert.
What you lose in Paralympic gold medals you gain in fewer mass shootings.

[PartyOf5]

I lost incandescent bulbs to that fucker

Good.

Carlus, can you explain? A few years back they were threatening to ban incandescent bulbs, but they are still readily available.

Monty, why is it good? Until LEDs are more affordable, the other alternative is CFL which require special disposal. I also prefer the light from incandescent. Leave it to the Socialist masters and their willing pawns to want to force me into changing something that has been working perfectly fine for 100 years.

[Speaker to Animals]

Because they have no business governing so much as a hotdog stand in front of a little league baseball field on Thursday mornings, the only means these dipshits can imagine to achieve their goals involve coercion and violence.

[nmoore63]

I lost incandescent bulbs to that fucker

Good.

Carlus, can you explain? A few years back they were threatening to ban incandescent bulbs, but they are still readily available.

Monty, why is it good? Until LEDs are more affordable, the other alternative is CFL which require special disposal. I also prefer the light from incandescent. Leave it to the Socialist masters and their willing pawns to want to force me into changing something that has been working perfectly fine for 100 years.

Are they not banned in California?

[Speaker to Animals]

If the democrats banned them in red states but still allow them in their bluest states, then fuck it we go to war now.

[brewster]

Fracking does very little to drive down oil prices. That is all done via Saudi Arabia unilaterally or otherwise. I dont feel like repeating myself for the nth time the refining costs between tar sand and sweet crude or the shelf life of oil.

If you actually read the articles you linked, it shows that $250k is bullshit. That was arrived at by dividing a fixed set of subsidies by sales up to that point in 2011! And the subsidy was not just for Volts, but all subsequent electric cars using the technology. Https://www.thestreet.com/story/1135440 ... nment.html.

As for fracked oil, as I understand it, it's being sold under "real" cost. The US is the world's top producer, eclipsing SA.