I haven’t heard of any of his solutions on this, although I looked on his website and it said he wants to support Ethnol/Bio/Gas fuels… I sure hope he isn’t planning on using corn for that process.
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I won’t forget how he complained about taxing the Oil companies because they would only raise the prices and [...]
John McCain suggested do everything possible for energy now. Nuclear, drill for oil, natural gas, coal, etc…
This would substantially help our economy by not sending money outside the country for energy, and perhaps lowering prices.
Every President elected, since JFK, has promised energy independence. Nothing so far.
Ok, I see some of the answers, get your [...]
Or will they do like they did this time and say it was the republicans fault?
sometimes people take credit for things that maybe they had an effect on, and maybe they didn’t. But over the last couple of years, one of the things we have been doing is we have tried to provide for drilling [...]
Have we already forgotten when Occidental Oil’s Piper Alpha platform exploded in the North Sea in 1988, killing 167 people; or when Union Carbide’s gas plant in Bhopal, India, poisoned an entire town in 1984, resulting in the loss of thousands of lives and the establishment of a poisonous legacy that remains to this day.
Both [...]
Honestly! Now I finally understand why popular mechanics and all the other media, tv, magazines, newspapers have not been doing photos and stories on how (generic) oil companies will plug or stop gas and oil spill accidents. In shallow water and deep water. Disappointing. And how many of you think Bp Gulf of Mexico operation [...]
If he is so intent on doing something NOW, why doesn’t he just freeze the price of gas at a decent price???
Or put more of the existing rigs in TEXAS to work if he wants more oil????
Drilling for oil in our oceans, and trying to drill for oil in Alaska, is NOT the solution for [...]
The prices of oil, gasoline, and other petroleum products, which are key inputs in production, have been decreasing in recent months. Other things being equal, which of the following is likely to occur in the U.S. economy as a result of the decline in oil prices?
(a) An increase in the unemployment rate.
(b) [...]
Hey so I was wondering how coastline drilling for oil and natural gas will benefit the economy??
Can You please give me like a list or just a few ideas? THANK YOU.
oil is at 5 a barrel – no one really knows the exact cause, whether it’s speculators, demand from China and India, peak oil…
And obviously, oil is not just for driving – we use oil in almost every single industry. If oil stays at this price, or climbs even higher, it is going to [...]
Freshman Sen. Kay Hagan (D-N.C.) will not attend President Barack Obama’s speaking engagement in the Tar Heel state Friday.
Hagan was invited to the event but cannot make it because her return from Afghanistan has been delayed, according to her office.
The North Carolina senator, who is on the Armed Services Committee, this week traveled to Iraq, [...]
If a private land owner owns minerals (oil and gas) under a tract of land and the state (government) stops him from developing his private property, for whatever reason, you can sue and win. So while these offshore oil rights are owned by the government (the poeple) why can I not sue if they [...]
I have thought this from day one!! The gasoline and record high natural gas prices and oil prices I think is what really drove the world wide economy over the edge. Money had to spent on energy and not other things!
I know that the region itself, did not fare so well, but in terms of the entire US economy on the whole, why was there galloping economic growth, despite the Fed’s desire to tighten monetary conditions?
Some are wanting to allow off shore drilling for oil and gas..I live on the texas gulf coast.. and offshore drilling has been going on here for years . It has never stopped.. I can see three drilling rigs running from the bay where I live.. Not work over units of exisitng wells.. these [...]
you have to make life decisions at the pump 4.00 for gal milk for my child or 4.00 a gal for gas how do the expect min wage to live .hey cant make it to work today .why? cant afford gas . something has to give if gas goes up more economy is going to [...]
here is the actual question..
How may (will) the increase in the price of oil affect aggregate supply and cause both inflation and unemployment (stagflation) to develop in the U.S. economy?
It just kinda seems that with the price of oil and gas being so high, the economy is going down. I don’t think this is the only reason but just one of the factors!
President Bush said during an interview that the reason food prices are sky-rocketing is due to the fact that a barrell of oil is 6. How do food prices appertain to oil prices and why does the economy revolve around oil?
spend money,,why can`t they see that the economy will not grow with 2.15 per gallon prices??? OIL and investors read this closely.
Both candidates seem to be against it. Question is, will drilling hurt the economy more than it will help it? I am actually a Republican, but somehow Republicans have started to believe drilling for oil is a conservative principle. Just because man kind is more important than the environment doesn’t mean we should be proud [...]
We have plenty of oil right here in the US. Why not use it instead of paying to import foreign oil?
Oil is the lifeblood of our economy. Cheaper domestic oil would help to strengthen our economy. No more paying /gallon for gas.
I know environmental concerns are a part of it. But, drilling technology has improved. [...]
Just curious,
What would happen if instead of pegging the price of oil and precious metals to the US dollar that the world market instead decided to use another currency such as the Euro? Would investors lose confidence in the US Economy? What would happen to the economy? Or do you think there would [...]
why did pilosi and the gang want to keep gas prices so high..
oh that’s right they were saying bush did it..
kinda like the economy pilosy has had control of for two years now
name one pilosi bill sent to bush that was not signed by him..he has not vetoed anything she wanted..learn before you make yourself [...]
I despise the whole oil market thing but it’s almost like the gold standard used to be. Everybody seems to peg the health of the economy to its value. Why is this and how did it get that way? I guess it’s because it’s an "essential" commodity. Right or wrong?
P.S. If that’s the case [...]
Eveytime there is the least sign of an upturn the oil prices jump then down goes the economy again if it really did have an upturn. Why does Washington continue to ignore this and why haven’t they tried to take control of oil prices since they want to control everything else. I think keeping oil [...]