Thread: Obama calls for $4 billion cut to welfare

the title is misleading........it should state corporate welfare.....now all those who abuse the real welfare are going to further think they're entitled

The losers in all of this is the tax payer. Federal government rapes the pump and does little or nothing to get it - while the oil company does all the work. It is well known that the taxes are for road repair, etc. but only a fraction actually goes to that.

How about cuts to the real money-suck along with cuts to big oil. Oh, thats right, big oil doesn't count towards votes: "In fiscal year 2000 (the last year for which combined information on social welfare expenditures from all sources is available) federal, state, and local governments spent about $1.01 trillion on social welfare programs." This is from 2000, so 11 years later, you can imagine how much more bloated it's gotten. Some are needed, where many others are just a money suck.

They need to cut taxpayer welfare for that shit they call Ethanol.

People still believe that domestic drilling will lower prices at the pump but that's not the way it works, never has...

Gas prices wouldn't be lowered by more domestic oil drilling - Apr. 25, 2011

Originally Posted by LAM

People still believe that domestic drilling will lower prices at the pump but that's not the way it works, never has...

Gas prices wouldn't be lowered by more domestic oil drilling - Apr. 25, 2011

so when we lifted bans and drilled in 2008 and the price per barrel was nearly $35 that had nothing to do with it? why do i even entertain your copy and pasted mentality?

how exactly does cutting & pasting change the validity or accuracy of information?

total US oil production peaked in the 70's, this is rather old news...

you think it was a slight increase in US oil production that caused crude to fall from $145 a barrel to $35?

The 2008 Oil Price “Bubble”
http://www.piie.com/publications/pb/pb09-19.pdf

Originally Posted by LAM

how exactly does cutting & pasting change the validity or accuracy of information?

total US oil production peaked in the 70's, this is rather old news...

you think it was a slight increase in US oil production that caused crude to fall from $145 a barrel to $35?

Well, sherlock, it certainly doesn't raise it - it's called futures. If there is information that the US will be ramping up efforts to drill and refine our own product, the futures would drop like a rock. Also, this would create thousands of highly paid jobs in the process. You keep beating the same drum beat every time this conversation comes up and keep dismissing the obvious benefits. Lame.

I don't know why you are so against drilling our own product - unless your not a part of the liberal club unless you sign up for all of their stupid bullshit. That is the way at least over at Purdue here in town - all the professors have their garbage platered all over their doors and if you speak out against it in one of their classes, your fucking blackballed.

Originally Posted by phosphor

I don't know why you are so against drilling our own product

I'm all for "safe" oil drilling in US waters...with the current protections they have in place on those rigs, it doesn't exist because the built in safety features have been proven not to work, see BP oil spill..

Originally Posted by phosphor

Well, sherlock, it certainly doesn't raise it - it's called futures. If there is information that the US will be ramping up efforts to drill and refine our own product, the futures would drop like a rock. Also, this would create thousands of highly paid jobs in the process. You keep beating the same drum beat every time this conversation comes up and keep dismissing the obvious benefits. Lame.

I don't know why you are so against drilling our own product - unless your not a part of the liberal club unless you sign up for all of their stupid bullshit. That is the way at least over at Purdue here in town - all the professors have their garbage platered all over their doors and if you speak out against it in one of their classes, your fucking blackballed.

LAM - I have worked in the oil industry my whole professional life, downstream, midstream, upstream, distribution and unless you have this kind of experience, you have no clue what you are talking about outside of some facts you are continually posting that are surely biased. Here are the REAL facts, while your great leader may actually be an American (nice he finally proved that though I really didn't care that much, doesn't make him suck any less), he sure doesn't get what his decisions about energy do to the oil and gas industry.

He says the economy is growing and he is in favor of drilling, BS, we just laid off 30 workers because his BOEMRE will not issue permits. This is happening all over our industry and 5 huge rigs left the GOM for years, you might not think much of this but what you don't know is those won't be back, if ever, for years. The other thing people don't get, and our industry does not sell it well because the media puts a sway on EVERYTHING oil related, once you turn off the GOM it will take 3-5 years to get production numbers up. It is not about supply (yet, it will be by the end of the year based on what I heard this morning in regards to total demand worldwide), it is getting off of foreign oil and dependence, bringing the trade deficit down drastically, keeping 1000s of jobs in the US and keeping skilled workers employed.

If you don't want this, keep spouting your stats and studies, but the real facts are clear, the US is a leader in oil and gas production and we should continue to be. Oil is one major piece of a now undefined energy policy that needs direction but all this BS about alternative energy being the solution is wrong in the near term (less than 20 years, more like 40). Look at Brazil if you want to see what happens when you have a well defined energy policy, they are a net exporter and they use both sugar ethanol and gas/diesel for cars.

Wow. A whopping $4 Billion in corporate welfare. The entitlements for the poor, old and crippled will all be saved now.

Originally Posted by oufinny

LAM - I have worked in the oil industry my whole professional life, downstream, midstream, upstream, distribution and unless you have this kind of experience, you have no clue what you are talking about outside of some facts you are continually posting that are surely biased. Here are the REAL facts, while your great leader may actually be an American (nice he finally proved that though I really didn't care that much, doesn't make him suck any less), he sure doesn't get what his decisions about energy do to the oil and gas industry.

He says the economy is growing and he is in favor of drilling, BS, we just laid off 30 workers because his BOEMRE will not issue permits. This is happening all over our industry and 5 huge rigs left the GOM for years, you might not think much of this but what you don't know is those won't be back, if ever, for years. The other thing people don't get, and our industry does not sell it well because the media puts a sway on EVERYTHING oil related, once you turn off the GOM it will take 3-5 years to get production numbers up. It is not about supply (yet, it will be by the end of the year based on what I heard this morning in regards to total demand worldwide), it is getting off of foreign oil and dependence, bringing the trade deficit down drastically, keeping 1000s of jobs in the US and keeping skilled workers employed.

If you don't want this, keep spouting your stats and studies, but the real facts are clear, the US is a leader in oil and gas production and we should continue to be. Oil is one major piece of a now undefined energy policy that needs direction but all this BS about alternative energy being the solution is wrong in the near term (less than 20 years, more like 40). Look at Brazil if you want to see what happens when you have a well defined energy policy, they are a net exporter and they use both sugar ethanol and gas/diesel for cars.

Go ahead an PM me if/when shit picks up - seriously. I'll change professions in a heartbeat for this market. We are sitting on a goldmine and eventually the morons upstairs will realize it - and get down to business.

Originally Posted by oufinny

If you don't want this, keep spouting your stats and studies, but the real facts are clear, the US is a leader in oil and gas production and we should continue to be.

in what year was the last NEW oil refinery built in the US?

Originally Posted by LAM

I'm all for "safe" oil drilling in US waters...with the current protections they have in place on those rigs, it doesn't exist because the built in safety features have been proven not to work, see BP oil spill..

You have no idea what you are talking about, just shut up while you can. The BP well was the perfect storm of mistakes and a resevoir that produced a pressure spike that NO current or near future technology could contain. There are no blow out preventers designed to handle in excess of 25K psi, what was seen at the BOP in that well when it blew out. So when you say drilling safely, you are walking an thin, uninformed line. I work for the company that was the key to plugging the well, heck we are the reason any deepwater permits are issued at all since then, and my friend designed the grapple to remove the flange off the BOP so it could be capped (yeah, I have seen it to, its size alone would give you some perspective). So when I say I know what I am talking about, I most certainly do. You sir, need to stick to things you are knowledgeable about, and the oil and gas industry is not one of them.

Disclaimer - What BP, Halliburton and anyone on that rig did was negligent and they will be held liable in court; I hope BP gets reamed personally, they are bitch of a customer and have a poor safety record. I completely believe there was potential for this to be prevented and it surely can in the future with better planning and possible technological improvements. No industry is perfect and the challenges faced drilling in 10000 feet of water are so mind boggling to the average person, they can't even contemplate them.

Originally Posted by oufinny

So when you say drilling safely, you are walking an thin, uninformed line.

are the same blowout preventers not used on all deep water rigs yes or no?

Report adds to doubts about key oil rig safety equipment | McClatchy

Originally Posted by phosphor

Go ahead an PM me if/when shit picks up - seriously. I'll change professions in a heartbeat for this market. We are sitting on a goldmine and eventually the morons upstairs will realize it - and get down to business.

I survived one round of layoffs and I will be in this industry for the long haul unless something drastic happens (we find that wind can power a car, yeah, WTF ever!). If you are an engineer, work in QHSE, safety or procurement/supply chain, there are always jobs and they pay well. There is a reason people in the industry defend it until we are blue in the face, many have the displeasure of working for others that treat them like slaves and pay them about the same. You may not get rich, I'm not, but I consider the quality of life I have attributed to the industry I chose considering my age.

Originally Posted by LAM

are the same blowout preventers not used on all deep water rigs yes or no?

Report adds to doubts about key oil rig safety equipment | McClatchy

BOP is made specific to each well, they may share similar proven design characteristics or materials, but subsea BOPs are all bespoke to the well. No well is ever the same, and the subsea equipment on it never is either. You don't buy a 6 story tall BOP off the shelf, they take a team of people to design and materials that NASA often wishes it could afford.

I chose to read this article, biased as it may be from the start. You want to see constant technological improvement and all producing wells to have new equipment, produce the money to do. We have no energy policy, a constant up and down cycle, companies have little to no incentive make massive investments not knowing if they are going to even be around by the time the investment is even finished. This is no different than car companies with automobile safety, it didn't improve until they were forced to by regulation and it became cost effective. I can go on and on, instead, I need to get back to work so I don't bring the price up any further per barrel.

Originally Posted by oufinny

There is a reason people in the industry defend it until we are blue in the face,

your industry and jobs can not be outsourced...be thankful for that. I have to leave the country if I ever want to work in R&D in telecommunications again

Originally Posted by LAM

in what year was the last NEW oil refinery built in the US?

Your party that you so desperately defend is the reason, they have pushed insane regulations through with the EPA that the cost to produce new refineries is so high it is not worth it. Why do you think we didn't have any new nuclear plants for so long, same shit, different industry.

Originally Posted by oufinny

Your party that you so desperately defend is the reason, they have pushed insane regulations through with the EPA that the cost to produce new refineries is so high it is not worth it. Why do you think we didn't have any new nuclear plants for so long, same shit, different industry.

they built a new refinery in Vietnam that cost $3B in the end even if costs were 5x that in the US how could that not be affordable with increased efficiency? you forget your talking to an engineer I know the difference between upgrades and new design engineering.

Originally Posted by LAM

they built a new refinery in Vietnam that cost $3B in the end even if costs were 5x that in the US how could that not be affordable with increased efficiency? you forget your talking to an engineer I know the difference between upgrades and new design engineering.

I grew up with a chemical engineer as a father who designed pharmaceutical plants for a living, I happen to be somewhat learned on the subject. Just like the nuclear industry, the over regulation makes the design so overly complex it is not cost effective not to mention getting a permit to build one is next to impossible.

Just another example of what a defined energy policy can do, Australia is building 10 LNG production facilities and is buying a FLEET of LNG ships. This is what is called future development planning at its finest and that country only has 26 million people... yet we can't even get a damn refinery approved and we have 350 and are the richest nation in the world. Thanks EPA and Green Peace, you have done so well for yourselves.

Originally Posted by LAM

your industry and jobs can not be outsourced...be thankful for that. I have to leave the country if I ever want to work in R&D in telecommunications again

This is true to some extent and not true in others... depends on the part of the industry you are referring to. There are companies that hire Chinese drillers to do E&P wells here, with complete Chinese staffed rigs, in America, trust me, it happens.

Obama Says Prepared to Tap US Oil Reserves If Needed

Originally Posted by min0 lee

Obama Says Prepared to Tap US Oil Reserves If Needed

He's either an idiot or full of shit.

Originally Posted by Big Pimpin

He's either an idiot or full of shit.

A vast majority of people cried for it, now that it's a possibility you'll hear the people against it.

President Barack Obama said on Friday the United States is prepared to tap its strategic oil reserves to address rising gasoline prices if conditions require such a step.


CNBC

Obama also told a news conference that Democrats and Republicans negotiating over spending bills for this fiscal year may not reach a March 18 deadline for resolving their dispute.

He said this will likely mean another temporary spending bill may be needed so the two sides will have more time to work out their differences. But he emphasized it was important to resolve the fight and urged both sides to compromise.

In regard to the U.S's energy situation, Obama said U.S. officials are monitoring any potential manipulation of the oil market and said he believes American can handle oil supply disruptions better than it has in the past.

"Other oil-producing nations have committed to filling any gaps and we will continue to coordinate closely with our international partners to keep all options on the table when it comes to any supply disruptions," Obama said.

"Here at home everybody should know that, should the situation demand it, we are prepared to tap the significant stockpile of oil that we have in the strategic petroleum reserve."

Obama said Americans are used to gasoline prices going up and down, and now is the time for the United States to seriously tackle its energy policies.

He called on Democrats and Republicans to work together on energy policy, and he pushed back against accusations that his administration has discouraged offshore oil and gas exploration.

Currently, gas prices in the U.S. are averaging about $3.54 per gallon. Oil prices have surged 24 percent since the middle of February as unrest in the Middle East rattled world markets, although prices slid Friday on the possibility of reduced demand because of the tsunami that hit Japan.

Republicans have sought to blame Obama's policies for the high gas prices, saying he should be allowing more offshore drilling, though experts say more domestic production wouldn't immediately impact prices.

Originally Posted by min0 lee

A vast majority of people cried for it, now that it's a possibility you'll hear the people against it.

You don't tap the strategic reserve because gas prices are affecting how times you can't eat at McDonald's in week. Surely Obama is smarter than this.

Originally Posted by min0 lee

Obama Says Prepared to Tap US Oil Reserves If Needed

Massive face palm... he is so retarded. The lost production from last year out of the GOM would more than offset what the SPR can put out each day. And the govt pays for that, not consumers like almost all of the oil is purchased. Way to go Barry, you have proven yet again you just don't know anything about energy policy or how to run a country for that matter. Here's to you buddy

Originally Posted by Big Pimpin

You don't tap the strategic reserve because gas prices are affecting how times you can't eat at McDonald's in week. Surely Obama is smarter than this.

Um.. no he's not.