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Tuesday, February 21, 2012

Why We NEED To Increase Our Own

If we had started, non of this would matter.

Hey folks,

It get frustrating when discussing this. It really does. It WILL effect every Man, Woman, and Child in this Country and it WILL effect the price on everything. I really do not understand how some just do not seem to get it.

If we had, start to do what then President Bush said, finding ways to increase OUR Energy Production, and using more of our own, we would not care right now, from and Energy Standpoint, about any of the current events going on in the World. We would have increased our Supply, in which, we would have decreased Demand, bringing DOWN Energy Prices. This would have decreased Prices on EVERYTHING. It would have boosted the Economy, Created Hundreds of Thousands of new Jobs. It would have INCREASED Revenue to every form of Government from Local to Federal. It would have INCREASED our National Security.

However, we did the exact opposite. Which of course means, we GET the exact opposite reaction. The Price of Energy has Skyrocketed. We have LOST Hundreds of Thousands of Jobs. We have decrease Revenue to Government, we have DECREASED our National Security. We MUST care what is going on in the World today. It will effect EVERY American.

We now have an Administration that is playing Politics with the lives of EVERY American. Those the most effected are those with fixed incomes, and those who make less. No matter what you make, the Price on EVERYTHING is going up. If you do not have the means to increase you financial out put, you WILL have to make tough choices on what to cut out, just to fill your tank, heat you home, and buy FOOD.

A simple solution, even after the Moratorium, de facto Moratorium, attacks by this Administration on Coal, Oil, Natural Gas, a Pipeline was offered. A Pipeline that could supply 92 percent of all our liquid fuel needs from right here and our friends in the North Canada was denied by this Administration. They just said No.

Now take a look at the World. According to Reuters - Iran stops oil sales to British and French firms

(Reuters) - Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state's lifeblood, oil.

"Exporting crude to British and French companies has been stopped ... we will sell our oil to new customers," spokesman Alireza Nikzad was quoted as saying by the Ministry of Petroleum website.

The European Union in January decided to stop importing crude from Iran from July 1 over its disputed nuclear program, which the West says is aimed at building bombs. Iran denies this.

Iran's oil minister said on February 4 that the Islamic state would cut its oil exports to "some" European countries.

The European Commission said last week that the bloc would not be short of oil if Iran stopped crude exports, as they have enough in stock to meet their needs for around 120 days.
And what happens AFTER the 120 days? Then you have THIS. According to CNBC News - Saudi Arabia Cuts Oil Output, Export: Industry Report Published: Sunday, 19 Feb 2012 | 7:32 AM ET By: Yousef Gamal El-Din CNBC Anchor

The world’s top oil exporter, Saudi Arabia, appears to have cut both its oil production and export in December, according to the latest update by the Joint Organizations Data Initiative (JODI), an official source of oil production, consumption and export data.

The OPEC heavyweight saw production decline by 237,000 barrels per day (bpd) from three-decade highs of 10.047 million bpd in November, the JODI data showed on Sunday.

The draw-down was sharper for the actual amount exported, declining by 440,000 bpd, or 5.6 percent, to come in at 7.364 million bpd, the data also showed. The level would still be similar to exports after a steep ramp-up last June.

In its monthly report on February 10, the IEA put Saudi Arabia’s production number for December slightly lower at 9.55 million bpd, a disparity of 260,000 bpd versus the JODI data.

Iran appeared not to have filed data in time for the latest release, providing no additional clues about how many export barrels were already lost in December, as some reports have suggested.

JODI, an initiative coordinated by the International Energy Forum (IEF), depends on participating member states for data collection. The IEA estimated Iran’s oil supply in December to have been 3.45 million bpd, marking a drop of 100,000 bpd.

For the third month in a row, no details were available for the United Arab Emirates (UAE) and Libya, the immediate reasons for which are unclear.

Together with other Gulf oil exporters, the UAE has been in focus as a possible source of alternative supply for at least some of Iran’s crude. Widening sanctions have seen several Asian clients of Iran’s oil, including top importer China, send high-level delegations to the region in the last few weeks.

Iraq, another frequently-cited supplier to make up for part of the Iranian oil shortfall following European Union sanctions, reported no major changes to its supply and export regime. Authorities there are pursuing an ambitious production expansion plan with the aim of reaching 12 million bpd by 2016.
So Iran playing games, and the Saudis are cutting their Oil Production. What does this all mean? $5.00 a gallon gas. If not more. It means decrease, ON PURPOSE, of Supply, which means, and INCREASE in Demand, which of course means and INCREASE on Price. Once again, an INCREASE in the Price of Oil, MEANS and INCREASE in the Price of EVERYTHING.

This is not difficult to understand folks. It really isn't. WE NEED TO START USING OUR OWN!!!! We need to stop playing Politics with the very LIVES of every American. We need to STOP relying on Foreign Governments that HATE us for our very Basic Needs. We need the Keystone Pipeline. We need to Drill more. We need to Refine more. We need more Natural Gas. We have the answer right here. It's not too late. YET. We need new leadership in this, and all areas. It IS just that simple.
Peter

Sources:
Reuters - Iran stops oil sales to British and French firms
CNBC News - Saudi Arabia Cuts Oil Output, Export: Industry Report

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