This oil should be flowing into the U.S. by now, and would be, if the I-hate-cheap-energy President would GET OUT OF THE WAY!
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Blah ,Blah ,Blah. That same cheap energy is going to China.
Tax free to boot.
I thought you new by now prices are set on the global market .
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The oil companies will charge what they want and when they want,
That's why the same gas in Alliance right now is .40 more /gal.
Maybe you can talk the oil companies from exporting hundreds of millions of gal. everyday !
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The most important contribution to oil's price stability, even with the current administration doing everything they can to stop it, has been the substantial increase in U.S. production. U.S. crude oil production has risen 50% since 2008, to 7,443 thousand barrels a day. This increase has been driven by advances in drilling technology. Hydraulic fracturing has opened up previously-known reserves that were either inaccessible or too cost-prohibitive for drilling.
While there have been many major unexpected events over the past few years with the potential to disrupt oil supplies, none have equaled the scale of the September 11 terrorist attacks or Hurricane Katrina. Yet sanctions against Iran, civil war in Libya, and general unrest in the Middle East have all had minimal effects on price volatility-thanks to the U.S. energy renaissance.
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Reuters New Flash...Citing an official at the refinery, Reuters reported Sunni militants have 75% of the biggest oil refinery in Baiji under their control in an attack that came overnight. A British security company helped get Western workers out of the refinery just ahead of it. Meanwhile, CNN reported militants have made big advances towards Baquba, which is less than 40 miles north of Baghdad.
President Barack Obama will convene with congressional leaders on Wednesday, but has ruled out immediate air strikes for now.
And I'm certain the first thing he will say is...I messed up?
At best, the ISIS rebellion guarantees any potential additional Iraqi oil output gains are not going to materialize in the near future. No oil companies are going to invest in Iraq until & unless the situation stabilizes. Saudi Arabia will have to account for 100% of the lost oil.
Can the Saudis do this from ageing fields? They say they can, but all we have is their word on the matter; no evidence. If they cannot, then the world will have to confront the harsh reality that they are no longer the go-to swing producer it once was.
A more dire scenario could see Iraqi oil production decline from current levels due to various insults to its existing oil production systems. Perhaps there will be shut-downs of pipelines & refineries, as happened to Iraq’s biggest refiner in Baiji Tuesday morning. A loss of Iraqi oil would spike the world oil price to $200 per barrel quickly.
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Is this the war who started and the people say enough is enough.
How many billions did we spend equipping and training Irag forces for them to drop their weapons and run ?
Maliki was to include all in the gov. Instead it was all ****es .
We can't have air or drones strikes without personnel on the ground and the fact Maliki wouldn't agree to a security agreement ended that.
Maybe all the war hawks and complainers should be the first ones off the plane.
It's time some of these countries took care of themselves.
We have all the resources to maintain our energy independence,
Quit shipping it overseas.
I messed up .When Bush,Cheney and Rice lied about WMD'S
If the oil is going to be sold anyway ?
Typical stupid salem news.
No we're to spend billions to let it set in a pipe line,
Join what, We already ship millions every day overseas .
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So now the pipeline is Bush's fault?
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Maybe Kozy you or fox news should tell the world what we should do .
No the fact you had to bring Obama into it again ,
You had to bring up the war first.
"Stupid Salem News"?
You need another cup of coffee to wake up. You don't see the mess Obama has put us in? You don't see that our gasoline prices will soar is Iraq's oil is cut off?
Well the good thing about all this is we can continue to blame Obama for everything.Create more scandels .
Since the GOP has no solutions or will attempt to solve any of the countries problem we should be good thru 2014 and head into 2016 with nothing accomplished
I don't work for Fox news but I do watch what's happening. Obama is a disaster! Hi policies have utterly failed and we are in a crisis. If you don't see that then I nor anyone else can help you.
Gasoline prices sore every time someone *****,
And why is this Obama's fault, Because these people won't even defend themselves, They have a leader that needs replaced, That irag wouldn't sign a security agreement so we could leave a residual force behind,
How many more lives and millions do you think we need to give to protect a country who has been killing each other for a thounsand yrs.
Like I said keep our oil here.
Right. The only crisis is the what the news channels pump out.
The lies ,twisted facts and half truths .Just to play the political BS game.
Again what is your answer for Irag ?
Just like the VA,
This has been going on for decades.
Where's all the chest pounding,drum beating,oversight committes, and different va groups been ?????
Kind of remember the day Bush stood on the deck of the air craft carrier declaring the war over ,
What was that 9 yrs,ago ?
By the way I don't need any help from your kind.
Did you forget 9/11?
Did you forget that Bush didn't put the banner up on the ship?
Are you even watching what's happening?
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