Good thing for him, bad for the USA.
The Speech
- Thread starter dwaxe
- Start date
Good thing for him, bad for the USA.
I don't think this is true, either. To the extent one can talk about "the United States' physical supply of oil," the United States buys its oil from the market. Beyond the Strategic Reserve, the United States doesn't have a "physical supply" of oil. If the Straits of Hormuz are closed, everyone will pay more for oil. Oil companies are not going to give us a break because we've been buying from Canada.
I don't see how whether we deal with Middle Eastern countries now has any bearing on what will happen if the Straits are closed in the future.
Cleo
Merkinball
Deity
American oil traders don't seem to think like this. When the announcement was made the more drilling may happen, the price of oil dropped significantly. When Russia went into Georgia, it went up significantly (although there was some slack here). Anti ANWR people can prattle on all they want about how it'll only lower the cost of a barrel of oil 1 dollar nominally due to global supply. But I gaurantee you that if on Tuesday, Bush said "We've reached a deal to drill in ANWR, and expand domestic oil production" that the price of oil here will plummet.
If Hormuz is closed, then we don't have any oil period. None. Nadda. Zilch. 25% of our oil just...goes away. Prices may go up if we drill in ANRW in the global market, however, we'll still have access to that supply instead of having nothing at all.
And this is why oil prices shoot up $5 a day when there is unrest in Nigeria. And $7 a day when Hugo makes vague threats. And $4 a day when Mahmoud feels like being frisky when he talks about Iran.
You've never once looked at the US auto industry, have you?
I can't even be bothered to explain where you are wrong
Merkinball
Deity
You've never once looked at the US auto industry, have you?
I can't even be bothered to explain where you are wrong
I think more of the issue at hand is...you can't explain where he's wrong.
Yes, Obama cant make a good speech. When it's pre-arranged and he has a teleprompter he can speak well.
When it's just questions, he stumbles a lot.
As far as spending, neither McCain nor Obama are going to make a surplus. Both are putting bigger debts. As it stands now, McCain is more than Obama, but so far there hasnt (to my knowledge) been an actual release of what his healthcare is going to cost.
If you think we're going to be in a nice surplus under Obama, you're mistaken.
When it's just questions, he stumbles a lot.
As far as spending, neither McCain nor Obama are going to make a surplus. Both are putting bigger debts. As it stands now, McCain is more than Obama, but so far there hasnt (to my knowledge) been an actual release of what his healthcare is going to cost.
If you think we're going to be in a nice surplus under Obama, you're mistaken.
You've never once looked at the US auto industry, have you?
I can't even be bothered to explain where you are wrong
I'd like to hear it.
As Michigan native myself, I can say that the UAW IS A MAJOR reason for the death of the Auto Industry.
It's just been impacted more lately due to the increased cost of oil and less demand for SUV's.
I guess upper management isn't to blame for failing to see the increase in oil prices coming or for not putting out a product mix that would be in better demand.
dwaxe
is not a fanatic
Obama rarely uses a teleprompter. McCain always does, though. When it's just questions, McCain stumbles too. You haven't seen them much, have you???
Whether or not the government has a surplus isn't as big a problem as if the MIDDLE CLASS has a nice surplus.
Like I said, the UAW is a major part, not ALL of it.
Well, shouldn't upper management be better at dealing with the MAJOR part of the problem? If they can't be, shouldn't the shareholders find somebody that is?
Yes, I heard some of Obama at that saddle back.
Uhhhh, wellllll, uhhhhhh, if-if-if-if. I'm sure McCain stumbles too...just simply stating that when everything isnt pre-arranged Obama stumbles like crazy.
As far as the middle class goes....Obama has some crazy spending. Universal Healthcare...his global Poverty act....and yet he says he's going to cut taxes.
Sorry, but you can't increase spending and cut taxes.
dwaxe
is not a fanatic
1. You should watch them much more, Obama doesn't stumble like crazy.
2. Those are good projects.
3. GEORGE W BUSH
That cost a ton.
Sorry, but if you think the middle class are going to get some giant tax break on top of all this spending, you're seriously mistaken.
The rich and corporations can only pay for so much.
Not to mention corporations will just pass the cost on to you.
The whole system has to go.
dwaxe
is not a fanatic
Which corporations?
Yes, the middle class WILL get a tax break from George W. Bush. If George W. Bush can spend like mad and lower taxes on the rich, Obama can spend and cut a lot of other federal spending while lowering taxes on the middle class. The rich will get taxed higher. Prosperity doesn't just trickle down to the rest of us when The richest get lower taxes.
dwaxe
is not a fanatic
That's not a government system. It's a tried and tested economic system that has lasted for as long as the idea of stock has existed.
You've never once looked at the US auto industry, have you?
I can't even be bothered to explain where you are wrong
Actually, I have read quite a bit about the american auto industry. It is a textbook case of unions gone mad.
Anyway, it is pretty hard to argue against the basic fact that UAW made a Michigan auto-worker immensely more expensive than one in, say, Japan. Can you possibly deny this basic truth?
Which can only go so far.
Remeber, Income tax was supposed to just be temporarily and to take the majority from the rich.
That has changed pretty quickly, hasnt it? (Not to mention an admendment...)
Sorry, but when the government tells you they're going to do all these things and you dont have to pay, you should get very suspicious. Not only due to what it's going to actually cost you, but what the goverment SAYS it's going to do with the new money and what it actually does is two very different things.
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