Letters to the Editor

Oil supplies

February 28, 2012


To the editor:

This is in response to your Feb. 24 news story about President Obama being held responsible for the high price of gas. Why is it that, with all the calls for more oil-drilling and exploration, no one ever mentions that oil, gasoline and jet fuel are among the commodities most heavily exported  from the United States? We are producing lots of oil in this country but the free market sends it to the highest bidder.

Incidentally, in the case of environmental depredations like the contemplated Keystone XL pipeline, the logic is that we are supposed to endanger our water supply so that Canadian oil producers can enrich themselves by exporting more of their product.


Brock Masters 3 years, 9 months ago

Richard, the oil exports have been widely reported.

You're right. Price depends on supply and demand. Demand is high and supply is low so the price will be high. Drill more, increase supply and if demand remains stable prices will be lower. It is that simple.

just_another_bozo_on_this_bus 3 years, 9 months ago

That's the hide-your-head-in-the-sand response.

The rational response would be to reduce the demand for oil by developing alternative energy sources transportation systems and encouraging conservation and increased efficiency.

jafs 3 years, 9 months ago

Well, some of that has already worked - appliances are much more efficient, and many people are more mindful of their use, decreasing demand.

That's one reason that utility companies raise their rates.

As far as alternative energy goes, it would help if the government stopped rewarding oil producers, etc. so that it could compete on a more level playing field.

Abdu Omar 3 years, 9 months ago

The high cost of gasoline is not because of supply and demand, it is because of the problems in Iran with their threats to close the Straits of Hormuz. There is not a great demand for oil, but the oil producers are trying to enrich themselves on our dime.
Americans are getting tired of being played with when it comes to oil and gasoline products and I hope that we can find a way to settle down and not worry any longer about what other countries are doing.

Flap Doodle 3 years, 9 months ago

Psst, there are already hundreds of oil pipelines in America. Somehow, we've survived so far. The current regime's talking points don't mention that.

Corey Williams 3 years, 9 months ago

Yeah, I guess the length of both pipelines would have been remarkably similar. And, just like the jetfuel pipeline to La Guardia, there is no chance at all of any kind of terrorist attack.

Good one.

Feel that? It's your knee jerking.

Corey Williams 3 years, 9 months ago

"I'm pretty Brownback..." Yes. Yes, you are.

Michael LoBurgio 3 years, 9 months ago

Oil Prices Are Rising Despite Lowest Demand Since 1997

Strangely, the current run-up in prices comes despite sinking demand in the U.S. “Petrol demand is as low as it’s been since April 1997,” says Tom Kloza, chief oil analyst for the Oil Price Information Service. “People are properly puzzled by the fact that we’re using less gas than we have in years, yet we’re paying more.”

Kloza believes much of the increase is due to speculative money that’s flowed into gasoline futures contracts since the beginning of the year, mostly from hedge funds and large money managers. “We’ve seen about $11 billion of speculative money come in on the long side of gas futures,” he says. “Each of the last three weeks we’ve seen a record net long position being taken.”


Michael LoBurgio 3 years, 9 months ago

Oil boomlet sweeps U.S. as exports and production rise

Looking at your heating bills or gas prices, you may find it surprising that the United States is enjoying a mini oil boom. It's producing more crude oil and, for the first time in decades, has become a net exporter of petroleum products such as jet fuel, heating oil and gasoline.

The U.S. exported more oil-based fuels than it imported in the first nine months of this year, making it likely that 2011 will be the first time since 1949 that the nation is a net exporter of such goods, primarily diesel.

That's not all. The U.S. has reversed another decades-long trend. It began producing more crude oil in 2008 than the year before and accelerated that upswing 3% in the first nine months of this year compared with the same period in 2010. That production has helped reduce U.S. imports of crude oil by about 10% since 2006. http://www.usatoday.com/money/industries/energy/story/2011-12-16/us-oil-boom/52053236/1

Michael LoBurgio 3 years, 9 months ago

BOOM! Bush Vs. Obama Oil And Gas Employment

Obama has been lambasted by the GOP regarding his oil policies. Let's see if the facts match their rhetoric. If regulations kill jobs and Obama is over regulating everything ESPECIALLY the oil and gas industry, then explain these charts. Employment should be DIVING under Obama, not reaching 20 year highs.

Below we see employment for oil and gas extraction under George W. Bush. Total employment in the industry tops out at about 167,000

Below is employment in the same oil and gas industry under President Obama. Total employment so far tops out at about 186,000 employees.


nativeson 3 years, 9 months ago

This is a non-partisan issue. No President over the last 40 years can claim a to have developed a comprehensive energy policy despite OPEC, the Gulf War or the wars we are currently fighting.

Americans have no appetitie to curb their energy consumption, and it is easier to blame public policy than to change habits.

jafs 3 years, 9 months ago

Some Americans are mindful and conservation oriented.

We can only hope that number increases.

just_another_bozo_on_this_bus 3 years, 9 months ago

No comprehensive policy beyond ever-expanding use of fossil fuels has been a very conscious policy choice-- one that energy and other corporate interests have spent $billions to entrench.

Katara 3 years, 9 months ago

Or we could just hook up something to your mouth instead.

It'd be just like a wind farm minus the the danger to the migratory birds.

hujiko 3 years, 9 months ago

All the talk in the world going on about high gas prices.

Not a single mention of finding a cheaper source of power.

We're doomed.

Getaroom 3 years, 9 months ago

Gasoline has been subsidized in the USA since the early 1900's and you cannot blame Obama for that. The cost of gas at the pump has nothing to do with Presidents and certainly The Newts promise of lowering pump prices when he is President is junk in the tank of his big methane producing rear end and only so much hot air. American's, in general, have no idea of the true costs of crude to gasoline pump costs without heavy subsidizing. Raising pump prices to over $12.00 a gallon now, which is approaching actual costs, would indeed open some eyes to a new reality of personal use, responsibility and costs. The depth and breadth of the actual costs of getting gas to the pump and then using it, is astounding and few care to know really, it's like knowing the end of the movie before you go to see it. The movie we are in now ends badly because as a nation we are soft on the real costs of anything. The US of A is drilling for more oil and pumping more oil and selling more oil overseas now, under Obama, than we were through the Bush years. Surprise Faux Nuz guyz? You do so love the rhetoric of the Rupert's puppet blonds and smarmy hosts. So you can stop bashing Obama on oil issues right now. Oh, did you need the stats on that, do your own work. Read them and weep Math and FHNC. Drive your HumV's back into your gated communities where it is safe and sound and stalk up WOMD, cc permits, and Ak's so you can blast your way to freedom! Hip hip hurrah!! Wave the flag of The Democratic Republic of Koch Industries!!!! Now which one of these GOP idiots are you voting for that is going to clean up BIG GOV to your liking - Sanitorium? Great, Fish Stick Fridays in the rose garden at 5:00. And in a show of regime transparency - please bring your rosary beads, confessions will be taken, recorded, and broadcast later on the Bill O's show! Keeping them honest under the watchful eye of the LORD.

Richard Heckler 3 years, 9 months ago

Or all of us can quit whining and move forward with some of the most dependable transportation on the planet...

Less demand for oil around the world = less war

For everyday errands, working for less war and a cleaner planet :

  1. Start walking more often to do shopping and pay bills. Bike trailers that convert to strollers would be a smart shopping companion. Or baby strollers.

  2. Bike to do shopping and pay bills. Bike trailers would be a smart shopping/errand companion. Bikes will last a lifetime.

  3. Street ready electric golf carts to do shopping and pay bills. Coolers would be great shopping companions on a golf cart that which are secured with straps. The law says no travel on roads designated as highways. Then again who wants to compete with so many fast moving vehicles.

  4. Small fuel efficient vehicles = the most expensive choice which will not last a lifetime like a bicycle.

Richard Heckler 3 years, 9 months ago

Considering that too many elected officials own shares of stock in the medical insurance industry,the military industrial complex,the financial industry and the oil industry etc etc etc....

All raise their hands who believe that ethics and practical thinking will bring about the dramatic changes that we the people need to make economic growth and jobs available to the people of the USA once again..... instead of more BS.

Flap Doodle 3 years, 9 months ago

I'd swear that I saw this very same post on another thread of this award-winning website today.

Armstrong 3 years, 9 months ago

Did it occurr to anyone that the more oil that's on the global market the lower the price will go.If the U.S. is exporting more oil, great, flood the market so we can watch the price drop like Obama's ratings.

jafs 3 years, 9 months ago

Only if the supply isn't being controlled.

And, it would only lower prices in the areas that are getting a lot of oil - so if we're exporting a lot of oil to China, that will lower prices there, but not here.

Armstrong 3 years, 9 months ago

Oil is not specific to a "local" market. Oil is sold based on global availability

jafs 3 years, 9 months ago

I'm not sure how that's even possible.

Explain please.

jafs 3 years, 9 months ago


According to some things I've read, the pipeline would actually "increase" our gas costs in the Midwest, rather than decreasing them.

It stands to reason that if the supply of oil goes up here, that prices might come down, if demand remains the same or is lower.

But, it hardly stands to reason that our oil costs will go down if the supply is increased in China, if we're supplying them with oil, rather than the other way around.

Armstrong 3 years, 9 months ago

5 more words: Obama has no energy policy

Armstrong 3 years, 9 months ago

But much better than what we have now

just_another_bozo_on_this_bus 3 years, 9 months ago

"Stop watching Jon Stewert, Rush Limbaugh, CNN, Fox News, etc. and watch CNBC."

I agree that speculation is what's primarily driving oil prices up, but this statement doesn't make much sense. Jon Stewart is first and foremost an entertainer, but his political viewpoint would tend to agree with the statements you made here. And CNBC is a corporately owned shill for Wall Street just like Limbaugh, CNN and Fox.

just_another_bozo_on_this_bus 3 years, 9 months ago

"but he is quoted as if he actually has the inside track "

Your complaint should be directed at those who quote him thusly, not at Stewart, who makes no claim to being a journalist. That said, he's still a much better interviewer than 9 out 10 so-called serious journalists.

While I don't watch CNBC very often, when I do it's pretty clear that they (most of their on-air people) are true believers in the market and all the speculation and snake oil that goes with it.

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