Obama tells Oklahomans more drilling not quick fix

By: From Wire Reports
By: From Wire Reports

CUSHING, Okla. (AP) - President Barack Obama says increased drilling across the country would not bring down gasoline prices immediately, and that anyone who suggests otherwise hasn't been paying attention.

The president spoke Thursday morning near the Cushing oil hub and said he wanted to speed up work on a pipeline between Oklahoma and refineries on the Texas Gulf Coast. He said his administration backs increased oil and gas production, but that global economics dictates how prices fluctuate.

He noted that the United States uses 20 percent of the world's oil but produces only 2 percent. He said that even an oil well on the White House lawn or next to the Washington Monument wouldn't bring down gas prices.

Gas prices have risen since January, making energy more of a political issue this year.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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  • by Protestor Location: America on Apr 11, 2012 at 02:52 AM
    Obama just signed legislation that makes it a felony crime to protest anywhere secret service agents are located. Be careful what you say and where you say it. There is no 1st amendment anymore. We are living to see the taking over of America and we just sit here and take it!
  • by Anonymous on Apr 4, 2012 at 07:33 PM
    I dunno, this was the opening salvo of a truly bizarre and over the top assault on congress, republicans, Romney, the Constitution, the Supreme court...the American Way!? Wow, have we really become the country of radical socialist 60's protestors? So much blathering deceit, race baiting, misleading rhetoric, outright lies, all in one week... this is a historical time for those of you keeping track at home. The rest of you will no doubt vote Dem so occupy on my bruthas!...idiots.
    • reply
      by Joey on Apr 5, 2012 at 08:08 AM in reply to
      You really need to consider de-caf.
      • reply
        by Anonymous on Apr 5, 2012 at 01:01 PM in reply to Joey
        Perhaps you should get off the de-caf. Have you ever heard a President lie so blatantly and frequently? Ever heard one practically threaten a Supreme court and completely misstate their function and duty? Have you ever heard a President lie so blatantly about the other party's budget? Lie so obviously about energy? I've heard talking head hacks go at it like that, but a President?! He apparently believes there are enough scared mindless rabbits out there to get him reelected and he can pretty much say and do anything he wants and get away with it.
        • reply
          by Anonymous on Apr 5, 2012 at 06:53 PM in reply to
          Have you ever seen a grown man naked?
        • reply
          by Joey on Apr 6, 2012 at 06:43 AM in reply to
          Over the past decade or two we have heard every Republican politician, President or otherwise, cry about "activist judges", and constant complaints about "legislating from the bench", and the need to replace current judges with "strict constructionsits" because the Courts have gotten out of hand. In fact, no President did more harping on the subject than GWB. Face it Anonymomo, over the past few decades, Republicans have been the poster boys for bad mouthing the Supreme Court, or any other court for that matter. With respect to the Ryan budget, the President explained what the results of that budget would be if passed. That "budget" expalins nothing. It calls for certain cuts, but does not explain the consequences of those cuts. Then when someone explains what those consequences would be, you call him a liar?!? Exactly what do you think the consequences of the proposed cuts in Medicare would involve? Certainly, that "budget" doesn't explain it, and Ryan never provides any explanation other than some boilerplate nonsense about "saving medicare for future generations" when the "medicare" of which he speaks wouldn't be medicare at all. Besides, Republicans have opposed medicare ever since it's inception. No one, not even Ryan, believes his budget would save it. To suggest it will or that he even wants to save it is in itself a lie. And please, let's not re-litigate the lies and incompetence that led to the loss of thousands of American lives and hundreds of billions of dollars in Iraq. And speaking of scared mindless rabbits, you need not look any further than those who utter phrases about "the most dangerous President in American history", the dire need to "take back our country", the "most important election in our history", "I'm running to SAVE our country". Have a nice Easter my little bunny rabbit.
  • by Walt Location: Kansas on Apr 1, 2012 at 07:47 PM
    Drilling and building refineries will lower gas. Also, tax the imports for the sale of the product here in the States.
  • by Walt Location: Kansas on Apr 1, 2012 at 07:47 PM
    Drilling and building refineries will lower gas. Also, tax the imports for the sale of the product here in the States.
  • by Joey Location: Denison on Mar 29, 2012 at 06:41 PM
    So, "high horse, you're saying China will create so much demand that the end result will be lower prices? Hey, I don't know what paper you were reading, but I beleive it must be the kind that's used for smoking. Seriously, that is quite a spin on good old supply and demand econmics that I would not expect an informed economic conservative to repeat. Look, I hear it all the time, we need to reduce our dependence on foreign oil by more drilling here. I also hear how we have this century long supply of domestic natural gas. Put aside solar, wind, hydrogen, battery power algea stuff as being able to make a significant impact AT THIS TIME. However, it is in our nations long term interests, if energy independence is truly a worthy goal, to invest in reasearch and development of these alternatives. Meanwhile, since we have all this natural gas that would, as so many conservative types suggest (T Boone for one), why is there not a united outcry to go all natural gas with our vehicles? We'll never produce enough crude in order to produce enough gasoline to become an sustainably energy independent nation (even if we kept all our crude and its bybroducts right here. Which of course, we don't, and won't even if we drill more.
    • reply
      by high horse on Mar 30, 2012 at 10:36 AM in reply to Joey
      It isn't that complicated. Higher demand in India and China removes the ability of OPEC to flood the market and drive higher production cost domestic sources out of the market. Get it? Oil will never go below profitable rates in the US again as long as global demand exceeds OPECs capacity to undercut. As the drilling boom grows, prices will fall, but unlikely to fall to the point that production is reduced. I'd draw you pictures on here if I could... I agree that some efforts could go into research for alternatives as long as it makes sense, but we have urinated away hundreds of billions and have nothing of real use to show for it except shiny solar factories growing nothing but crony capitalists. It's irrational to borrow dollars to build inefficient energy sources when much cheaper and competitive sources are available for the long term. Nat gas is gaining market share in the US and Europe. Several car makers, Ford in particular,are building new nat gas models, but until a refueling infrastructure is built, it won't go far. Divert a few billion of the green energy subsidies and that will change. Pickens' plan to convert over the road trucking to nat gas would pay for itself in a decade and even you could look at the numbers and see how that would guarantee independence in a decade. Look into it if you doubt it. Saying we we'll never produce enough crude to refine enough gasoline is just illogical and contradicted by fact. We are at 52 percent right now and that share is growing at 3-5 percent per year even with a government openly hostile to the industry. Are you under the impression we REALLY only have 2 percent of the global crude reserves as His O'liness insists upon repeating to his mindless minions?
  • by @Logic on Mar 29, 2012 at 01:38 PM
    Fracking is scraping the bottom of the barrel?! The estimates haven't even begun to catch up, but fracturing technology in oil production (only two years in) is changing the world as we knew it. We now have more affordably recoverable oil than we could use in a century at the very minimum with reasonable estimates of twice that even if we assume that the technology won't improve, which of course it will. People haven't caught on yet because it's still very new, but there is no reason the US can't produce every drop we need and then some for many generations to come. The greenies won't go away easy, but eventually they'll realize they've been made obsolete even though the current president is openly hostile to oil and coal. Right now related employment is wide open, get some education and experience and get ahead of it. This is the biggest advance in US economic history since the PC.
    • reply
      by Logic on Mar 29, 2012 at 04:58 PM in reply to @Logic
      Have you seen the video of the guy lighting his tapwater on fire because of the fracking in Pennsylvania? It certaintly is a new technology, and the results are coming in: fracking pollutes your groundwater. AND our cars need oil, not natural gas which is what these fracking wells are producing. It takes up to 7 million gallons of water to frack a single well. This water consumption is the reason so many Texas towns are running out of water.(Were talking groundwater, not reservoirs that dried up from the drought) Find a dry town and there will be fracking going on near it..need a map? And this is chemically treated water as well that breaks through the shale from the high pressure and contaminates the fresh groundwater. The coming water wars in Texas are rumbling..The Choctaws fighting to keep Oklahoma water safe from being used to replace the depleting groundwater in Texas. So in 2 years, as you claim, we are ALREADY seeing this incredible amount of water use taking its toll. And you guys think this is going to be sustainable for many generations to come? Lots more fracking info to come...but lets talk about water use and contamination first since these will be the legacy of the process.
      • reply
        by Anonymous on Mar 30, 2012 at 10:45 AM in reply to Logic
        This can be done without peoples water lighting on fire and their are other sources of water (oceans full of it). Water is an issue and it will probably become more valueble than oil/gas in the future. Drilling on the otherhand must be done and other propellants will be utilized in the future for facking wells. I think the oil and gas companies know this as well. Save the legacy speach for another topic. We must and we will drill.
      • reply
        by Anonymous on Mar 30, 2012 at 11:52 AM in reply to Logic
        The Choctaws aren't fighting to keep the water safe, their fighting to get compensation commensurate with the sacredness of the resource.
      • reply
        by high horse on Mar 30, 2012 at 02:27 PM in reply to Logic
        I guess I was too long winded with my first reply, Logic. The burning water thing has been proven as bogus. Well and reservoir water have been flammable in many places since man first learned to douse. Parker County Tx is the most fracked up place in America and had two wells and a reservoir come up with high methane levels the EPA blamed on Nat gas drillers. But it was later shown that the methane came from naturally occurring shallow pockets of methane and that the reservoirs aerating equipment was not large enough for the job. The landowner was unaware that he needed to bleed off gases in his well. Problem solved. It had nothing to do with the fracking. If you saw 'Gasland' and believed it, you may be beyond salvation. To save time and to keep the moderator from ignoring my reply, look up water usage in fracking operations. It isn't that significant and newer operations recycle up to 80 percent of the water for use in other wells. There is an experimental well under testing that recycles virtually ALL of the water needed. Half a million fracked wells and 1000 filed complaints and none of them showed that the process was the core source of the problem.
  • by America Will Survive on Mar 29, 2012 at 11:58 AM
    Would you stop giving medication to an ill person to wait and see what a hopefully better, unproven medication that is being studied can do? No most of would not so why put a moratorium on drilling for fossil fuels when they are the energy of now and the future? Lets continue to work on technology for alternitive fuel but we need to use what we have that works for now until something proven is developed. The goverment needs to help get the infrastructure in place to deliver the oil, natural gas to the plants for refinement. We need the goverment to allow new refineries. The US needs to beable to be self reliant if need be. If we are drilling and producing here that brings money to our shores not just us sending money over seas.
  • by Already approved Location: Ardmore on Mar 26, 2012 at 04:47 AM
    That's funny, this leg of the pipeline doesn't need his approval.... How dare he come to Oklahoma and stick his arrogant nose up at us, we know that this leg of the pipeline is already approved and moving forward without his sorry help! He hates the oil and gas industry so much, yet it is a vital part of Oklahoma's economy, along with many other states. I guess he wants to be sure we are all dependent on the government for everything, then there's no way we can become "successful", which is a dirty word to nobama.
  • by Joey Location: Denison on Mar 25, 2012 at 04:14 PM
    What a world. We are told that more drilling isn't a quick fix, which is of course the truth. However, it appears there are so many who would prefer to hear something other than the truth. Of course, the Republican presidential candidates eagerly oblige. In the longer run, increased domestic production could possibly ease prices at the pump to a modest extent. Keep in mind, when prices are high, there is more interest in production, and the oil flows. When the price goes down, the enthusiasm to produce tends to wane. Keep your eyes on what OPEC does. The speculators do. The ONLY way the price at the pump will go down is if there is a viable alternative to gasoline. Meanwhile the price will go down some at times, and up again at others...just like it has been doing. For a time during the Bush years the price of gasoline was higher than it is now. One thing that is certain, without an adequate alternative, the price of gas will continue to trend upward over time.
    • reply
      by Anonymous on Mar 26, 2012 at 11:05 AM in reply to Joey
      Where are these people saying drilling is a quick fix? I haven't heard that from anyone. Drilling is a long term fix. A policy that encourages domestic production and guarantees a global floor price or some other action to insure OPEC can't undercut a domestic profit price point would do it. Encouraging Saudi and Iran to have a nuclear duel would do it. An alternative that could compete with 30-40 dollar per barrel oil would make a huge difference, but it doesn't exist and there is no reason to think it will as long as the laws of thermodynamics stay in effect. Oil is going to be cheap enough that nothing can compete until all the cheap oil is gone and no one can hold the threat of cheap oil over domestic producers. The problem isn't expensive oil, it's cheap oil of which we have very little. One thing is certain, oil at current levels are not sustainable and will go down as production heats up, causing OPEC to put some people out of business by undercutting prices--- they've done it many times in the past.
      • reply
        by Joey on Mar 28, 2012 at 09:25 AM in reply to
        To answer your question, Newt Gingrich, for one. Both Romney and Santorum have suggested same. 30-40 dollar per barrel oil? Are you dreaming? The fact is that we will not see $30-40/barrel oil until such time we take advantage of alternatives (including those we have yet to develop), there is nothing to compete with oil in order to force the demand for it down, and therefore the price of it. A policy that guarantees (!) a global floor price? Are you serious? A nuclear duel between the Saudis and the Iranians? THAT would bring the price of oil down? A national policy requiring all new cars to run on something other than gasoline would likley have a more favorable impact on the price of oil than a "nuclear duel" between Saudi Arabia and Iran? Actually, I am quite amazed at your suggestion. Of course, I forgot that you have a vested interest in assuring oil and gasoline prices remain as high as possible. A nuclear duel. Really?
        • reply
          by Anonymous on Mar 28, 2012 at 06:07 PM in reply to Joey
          I was being facetious, but the fact is if cheap ME oil were taken out of the equation we would have an economic boom within 3 years. I agree we will not see oil at 30-40 for a sustained time. That was my point. If oil could not go below 60-70 per barrel we could develop our practically unlimited reserves and be truly energy independent if not a net exporter. We may have more 60 dollar oil than any other nation on Earth. And at that price there may very well be some alternatives that could compete as well. Nat gas certainly could. But none of that will happen as long as ME OPEC producers can sell oil for 30 and still make bank. I remember what happened when oil tripled in the early 80's and the oil boom took off. 5 years later there were ghost towns and piles of rusted steel because OPEC opened the spigots and put domestic drillers out of business.
        • reply
          by high horse on Mar 29, 2012 at 06:11 AM in reply to Joey
          Joey, if we waste enough money to force alternatives on the market to the point they drive oil down to 30-40, we would be bankrupt with no way out. We would be spending 4 to 5 times more per energy unit, at least, than would competing nations reaping the benefits of our lower consumption. Read about Spain and Germany who put billions into alternatives and are now running in the opposite direction despite having almost no domestic oil resources. They are going back to coal and oil imports. I just read a very interesting paper that puts forth a case that the US, or at the very least N America, will be a net exporter of crude within ten years regardless of OPEC oil. If India and Cbina, along with other developing Asian nations, continue to increase the numbers of vehicles on the road at the current pace, the demand will out strip OPEC's dwindling ability to control the market. That will free up domestic drilling, no longer afraid that OPEC can control pricing to levels that won't sustain their capital investment. They also project oil will find a level around 70-80 dollars per barrel with gasoline at 2.75 to 3.25 equivalents. Fracking is a revolution in the making and all this talk of alternatives is a waste of time and resources. We aren't just the Sauda Arabia of nat gas, we are the Saudi Arabia of recoverable crude oil thanks to fracking and other new drilling tech. If and when oil remains scarce enough to raise the sustained price to a competitive level, alternatives will take hold. We need some leadership at the top that realizes the opportunity being handed to the country. Putting our existence on the bet that undiscovered technology will make oil obsolete is mush headed idealism and dangerous.
        • reply
          by Logic on Mar 29, 2012 at 08:05 AM in reply to Joey
          @ High Horse In the Middle East they don't have to frak...the crude flows freely from ocean pockets below. Do you know how much it costs to implement a single Frak well..the resources involved...all to squeeze the last drops of natural gas, and some oil, from the shale? Not NEARLY as profitable and certainly you won't see fields of Frak wells like traditional wells. But the real point is how is fraking gonna provide oil independence forever? It is literally scraping the bottom of the barrel!!!
        • reply
          by high horse on Mar 30, 2012 at 11:40 AM in reply to Joey
          Logic, use some. Obviously I know the ME producers don't have to frack. They're deposits aren't in shale. Except that Israel and Turkey have found some large deposits in shale and ARE fracking today. Israel is on it's way to oil independence within 10 years as a matter of fact, thanks to the new tech.
  • by John Q Location: Texoma on Mar 25, 2012 at 08:23 AM
    No more drilling is not the answer. But how about lowering or removing the federal tax on gas? How about using our own oio stockpile and lowering the cost of oil per barrel? Oil companies are having to pay more per barrel of oil and yet are making more profit than they ever have. And yet the law says they can't gouge the public on gas prices. I guess the law didn't say anything about the oil companies scr*wing the public.
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