Showing posts with label Big oil. Show all posts
Showing posts with label Big oil. Show all posts

2012-03-09

Give Us a Damn Pipeline Obama


Democratic leadership squeaked out a 56-42 vote. | John Shinkle/POLITICO

Obama lobbied hard to stop the passage of a bill that would allow an oil pipeline from Canada to Texas. The bill in the Senate required 60 votes but, only received 56. 11 of the votes were from democrats that crossed party lines and 56 is still the majority. If Canada is unable to sell the oil to us, they will sell the oil to another country, most likely China.

The American people want the Keystone pipeline. We do not want to increase our dependence on oil from the Middle East. Buying oil from Canada will keep the cost down as well as foster a positive relationship with our Northern neighbors. Unlike Middle Eastern countries, Canada is not hostile toward the United States.

With increased drilling efforts, the pipeline, and encouragement of improving green energy, we can not only keep the cost of energy down but, we can still move forward with other options. I'm not necessarily a "green" person but, I am all for trying to explore other options. Why not? It certainly doesn't hurt us to look for other energy sources. The problem is, at this point, we do not have the capability just yet and that is the reality. Europe tried increasing their gas rates in order to push for green energy but that strategy has not worked. It has only crippled people. The United States is not Europe. We rely on traveling far distances to ship out goods and especially food. When the cost to transport these goods increases, the prices continue to rise, further crushing the poor.

Here are the 11 Democrats that actually responded to the wants of the American people:
The 11 Democrats who crossed party lines to support the amendment were Max Baucus of Montana, Mark Begich of Alaska, Bob Casey of Pennsylvania, Kent Conrad of North Dakota, Kay Hagan of North Carolina, Mary Landrieu of Louisiana, Joe Manchin of West Virginia, Claire McCaskill of Missouri, Mark Pryor of Arkansas, Jon Tester of Montana and Jim Webb of Virginia.
Click title of this post for article.

2012-03-06

Obama Campaign Takes Credit For Boost in Domestic Oil Production



In another article:
In remarks that largely repeated points he made on Feb. 23 at the University of Miami in Florida, the president said that such a strategy requires the right incentives. “And here’s one of the best examples: Right now, $4 billion of your tax dollars—$4 billion—subsidizes the oil industry every year,” he maintained.

2012-01-24

Buffet To Profit From Cancellation of Keystone



It turns out that Warren Buffet will profit from the cancellation of the Keystone XL oil pipeline because it will be his railroad, Burlington Northern Santa Fe LLC, that will ship the oil instead.

This is so typical. I wonder how the liberals are going to explain this one away.

Buffet is obviously gaining favors directly from Obama and it has been made no secret that the two have a friendship of some sort. So I guess it is Buffet who is actually deciding and influencing policy, never mind the 20,000 some jobs it would add to the economy.

Remember how the Democrats were screaming about Bush and big oil? Seems like the Dems have some of their own big oil issues as well.
Mr. Buffett’s Berkshire Hathaway Inc. owns Burlington Northern Santa Fe LLC, which is among the railroads that would transport oil produced in western Canada if the pipeline isn’t built. 
“Whatever people bring to us, we’re ready to haul,” Krista York-Wooley, a spokeswoman for Burlington Northern, a unit of Buffett’s Omaha, Neb.-based Berkshire Hathaway Inc., told Bloomberg News. If Keystone XL “doesn’t happen, we’re here to haul,” she said.
Click title of post for full story.

2011-03-22

How Oil Became to be Classified as a Fossil Fuel

Obama Encourages Brazil to Drill For Oil

Obama has now encouraged Brazil to drill for oil, telling them that we will help them in hopes of importing the oil.
His "What, me worry?" presidency has given both Americans and our allies plenty to worry about. But in the process of making nice with Brazil, Obama made a mind-boggling announcement that should make even his most loyal supporter cringe:

We will help Brazil develop its offshore oil so we can one day import it.
Talk about some crazy double talking.

Now, with a seven-year offshore drilling ban in effect off of both coasts, on Alaska's continental shelf and in much of the Gulf of Mexico — and a de facto moratorium covering the rest — Obama tells the Brazilians:

"We want to help you with the technology and support to develop these oil reserves safely. And when you're ready to start selling, we want to be one of your best customers."

Huh?

Click title of post for full article.

2010-08-23

Big Oil Vs. Big Green

One thing that has been in the spotlight for the last few years with liberals is their constant complaining of big oil. We are told by them that big oil is the reason for all the problems surrounding so many issues: the economy, corruption, the environment, global warming, foreign policy, ect. Oh, if only we didn't rely on oil and we all went "green" our lives would be so much better.

The fact is, we do rely heavily on oil. Oil is used for practically everything from the plastics we buy to the shoes we put on our feet, and it's needed for our vehicles. It is extremely versatile. Yes, we do get a lot of oil from foreign countries and, I often hear about how we need to not be so dependent on those foreign sources yet, these same people never want to hear of drilling on our own soil.

What I still do not understand is how someone finds big oil to be so horrible but, somehow big green will be benevolent? All the supposed "evils" of one big conglomerate will simply be replaced by another.

I'm not worried about energy sources at all. I know for a fact that there are many ways to obtain energy besides oil. Oil just so happens to be one of the best forms. There is nothing wrong with exploring other options but, to say that big oil is somehow evil because they make a profit is ridiculous. Any energy that is made will be sold and that company will want to profit from it. It doesn't matter if it comes from solar energy, wind, or some other alternative source like hemp, someone will seek to make a profit.

Also, let's consider the difference between profit and profit margin. Profit is the amount obtained through sales but, the margin of profit is sales minus the cost of the product. When we make comparisons of the profit margin, we begin to see an entirely different picture.


I decided to look up the profit margin for Siemens, which is a company that deals with wind energy. Their gross profit margin is 32.5%, where as Exxon Mobil is reporting their gross profit margin as 28.2%.

Now, I ask again, how is big green going to be so much less evil then big oil when, they appear to keep even more money in their pockets then big oil?

No one, no matter what, is in business for the motivation of giving and never receiving. Profits are necessary to any company. Profits are what motivate people, all people. It's not evil. It's how the world operates.

There is no harm in us looking to other sources of energy but, let's make sure we keep our facts straight. There is no reason to fool people into thinking that these other companies that supply alternative sources of energy will somehow not make profits themselves. Vilifying big oil companies for making profit is absurd.
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