Home Forums Hunting & Shooting Hunter's Campfire Obama wants to increase US oil production

Luke, people like you are missing the point completely. Not sure what you do for a living, but here's a little secret. Any company, large or small, must make a profit. Don't look at the dollar amount, look at the percentage or margin. If I don't net 10% or better in my business, then I'm wasting my time.......

Luke energy is the engine of the economy world wide. Until they find another source of energy that is cost effective then we are stuck with the Big Oil Companies . Believe me you couldn't live the way you do without them.

Luke, you have sipped every bit of liberal Kool-Aid out there with no research as to what drives markets, economy, oil etc.
Have you ever taken even a beginning economics course? Oil is a commodity, and is traded as such. I don't believe there is a single oil company right now above 10% profit margin, which makes them a pretty crappy investment. Good companies sustain 15% profit margin or better, years on end. Great ones, 20% or much higher. What part of the profit to sales percentage numbers don't you understand? It's simple math.
And I seriously doubt that you, a Democrat, want big oil to make good profits. Sorry, but it hardly seems logical.



Once again, you've been watching too much Anderson Phaggot Cooper on CNN. Their profits rank near the lowest in large corporations, right around 8%. The quarterly profit numbers, usually 15 billion or more, is a big number, but so is their dollars in sales. Their profits only seem obscene to you because the number is so large.
As far as the tax breaks go, if you take them away (in effect increasing their taxes), the oil companies will simply invest less in future energy products. That means less jobs,, and less growth (something no Democrat ever seems to get, no matter how simple).
The futures/commodity traders are the ones laughing their way to the bank, not the oil companies. Your Magic Negro has big oil not only hamstrung, but he's trying to cut their femoral arteries. [/quote]




Congratulations, however Democrat is a name-only thing at this point. Your party was taken over by socialists and big unionistas years ago. I have yet to meet a single Democrat that was well-informed, non-emotional, and able-to-inhale factual and objective information in a rational and logical manner in at least 20 years, maybe longer. You sound like every one of them. No facts, just emotional spew.




Again, hedge fund trading, futures trading of a world-wide valuable commodity. The oil companies benefit by a large amount of product being sold. Sales of product are down, which means profits are down. They're not making as much as they could, or want to. We're still a capitalist, free enterprise system. They want to make big money; that's the way it's supposed to work. Simple economics. What's ruining this country is Demosocialists, unions, and higher taxes, not big oil.
Go to the library and read some fact, not fiction. Maybe while your at it, step away from Wolfe [bleep] and the rest of the MSM. It will do you some good.

Take away all the tax breaks and the oil companies will not want to drill here. They already drill overseas and will just ramp that up if the costs of doing business increase here in the states. Not hard to find data on domestic production as a percentage of total world production and see that it has been slipping drastically. It's just cheaper to drill elsewhere, and it's not just taxes. Lawsuits by Luke's environmental groups and EPA, etc. are very expensive to defend.

If obama really wanted to increase domestic production, he would make it a lot more difficult for the looney tune environmentalists to obtain injunctions and file lawsuits. And he would call off the dogs in the form of the IRS and the EPA and all of the other government agencies that can and do make life hell for oil companies.

hussein is in election campaign mode. Of COURSE he says he wants to increase production.
Sadly, what the national lawn jockey says, and what he does, are two different things entirely.

Typical Chicago slimeball politics. Obama will say anything he thinks the masses want to hear in order to get re-elected. Is he lying? Of course, but that means nothing to him as long as it is what the masses want to hear... and aids him in his campaign.

I mean, you have to chuckle at the shallowness of this man. The Republicans in the House are about to vote to lift his executive order banning drilling.... and, all of a sudden, he sees the light and wants to drill, baby, drill??? LOL, yeah right!

After laughing out loud at this clown, you then throw up a little bit in your mouth as his actions are so nauseating....

Take away the tax breaks, the oil companies will just quit drilling. The oil will still be in the ground 10 years from now.

Hey Luke, just think we can import more oil from down south and where all the muslins live.

Barry keeps taking the profit motive away from small businesses and corporations and pretty soon there will be no more small businesses or corporations doing business in the U.S. when they can go elsewhere and make money.

Why do people start businesses? The don't just do it to employ workers and make stuff or provide services. That's part of it, but they primarily do it to make money.

Uncertainty is the primary driver in whether or not a business is going to invest and increase operations, whether it be oil production or manufacturing widgets. obama has given U.S. based businesses over 2 years of uncertainty - both tax/other government-mandated burdens and regulation. After we put tax increases behind us at the end of last year, he is now bringing it back up as part of his "budget". So more uncertainty.

Not only do you not understand economics you apparently failed American history.The government did just that in 1911.So how is that working for you ?

Luke, how much in taxes did big oil pay the US GOVT last year? Including share holders

I read oil companies pay around 41% in taxes

How many jobs does big oil provide down south and in MT, ND, Alaska ....?

How much did you and your libtard friends pay in taxes?

How much did the unions pay in taxes last year?

Typical parasite

Big Oil is ruining the country? Wow, no wonder you are a Democrat...you clearly lack a clue.
It is the Democrats from the get-go that have utterly screwed up the nation's energy supplies. It is DEMOCRATS that fight fang and claw to prevent production from ANWR. It is a DEMOCRAT administration that is implementing "wild lands" and new national monuments and NLCS restrictions on public lands.
It's a DEMOCRAT EPA that is about to drop the carbon bomb on the economy.
The sad part is, people like you cancel out the votes of those with more brainpower and common sense -- no wonder the country is going to he//.

So much for compassionate conservatism. I guess on this forum an opinion other than the so called conservative outlook is unwelcome. I don't need a bunch of lock step republicans to tell me how to think. Some of you do what republicans do best, brow beat, name call, assign titles like socialists, etc to anyone who does not agree with your dogma. I watched quite a lot of the recent hearings of the big five oil companies. I have never seen a more arrogant bunch of poor little rich guys in my life. You say to look at their percentage of profit not the bottom line profit, BS. The number 6% keeps coming up. Some how 6% got to be about 36 Billion in profit in 3 months for the big five. I worked for a John Deere Dealer for 40 years, selling for 33 of them. I think I have a pretty good notion of what and how our business worked. I have some JD stock and get their annual report. I do not have it in front of me so my numbers are not perfect, but I do recall the bottom line. In 2010 Deere had a great year, maybe their best ever. They are worldwide, employ around 50,000 iirc, and are a great company. they have been here since 1837. Last year they made a billion four. Exxom Mobil made 10.7 billion in 3 months. Don't tell me that these oil companies need any help from the taxpayers. Believe me they will take care of themselves. For all you conservatives that think Obama and the democrats are inept and corrupt. Just take a long look back at the last administration, and point out all the success of that bunch of clowns. They took office with 239 billion in surplus, and left with the country in shambles and handed Obama a great recession. If thats the record you want to stand on, thats up to you. There is an old saying about the government being the watchdog for the American people. It seem to me that when republicans are running the show they are lap dogs for the rich and for corporate america. In conclusion, not one time during those hearings did one of those oil barrons ask what they could do to help with the current economic dilema, they and Orrin Hatch made it sound like they would all starve to death if they lost their tax break.

Um, you need to read the paper this morning.. Big article on the subject - and the consensus is it's the oil traders on Wall Street that are manipulating the prices...

You can blame Big Oil all you want, but that's not where the problem is..

And after this tirade (and seeing where you're from) it appears to me like you're one of the WI Unionista dems who just hate 'big oil', 'big business', anything 'Bush' and LOVE the KING himself..

Were you at Madison chanting for Walker's head too??

So, people have a right to cheap energy?

Simply more words spewed in an attempt to help his popularity.

Actually, his goal is re-election......he's just priming the pump.

He'll make a lot of noise & do nothing, but he'll get a lot of favorable PR.

MM

You can increase oil production all you want, we need more refining capability in this country. We are running at what, high 80's in refining capacity? Wont take much of a disaster in one region to see us run out of refined petroleum. Drill all you want, what are you going to do with all that crude?

which is why all the new wells on the Bakken are being capped...

last i looked cost $1.5 million to punch a hole on the Bakken before they even pull up a single drop and the success rate of oil wells being a producer is something like 1 in 3.....soon as they hit a producer they are pulling it out of the ground as quick as they can....

A Democrat spouting Marxist BS. Who woulda thunk?!