Obama on Oil
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Doesn't sound like the president with knowledge-he is struggling to explain himself and obviously lacks vision!
nationafirst 18 hours ago
Why is he so obsessed with India and China-why can't he just do something abut the economy rather than pointing fingers at others-sometimes its Republicans, sometimes its Bush, sometimes its India and China-and now in this video he is accusing us of consuming too much oil? And by the way has he forgotten his entourage of 250 people he took along with him to India? who needs to consume less oil him or us?
nationafirst 18 hours ago
-i think those who voted him to the white house were fucking dumb and insane! Tomorrow I am sure he would say there is a food shoirtage in the world and Americans should learn to eat less!
nationafirst 18 hours ago
Maybe people should dump there suv's and get something with better mileage...oh whats that, you need that suv and you have the right to drive whatever you want to drive...then shut the fuck up and pay the price!
gabbogabbo 11 months ago
Actually its you who is being manipulated by Obama. For some strange reason which I cannot comprehend you people actually believe that higher taxes will HELP the economy...
And Oil companies have more than enough money to drill in America, that's not even an issue. Drilling is the only solution to gas prices right now. Taxing people in order to invest in alternative energy companies is just plain wrong, and it does nothing to help relieve the price of oil. Keeping eating up Obama's BS.
Thill029 3 years ago
It's not about taxes my friend. It's about access to oil. The OIl is alot harder to get to in the US than it is in the middle east.
Just do some research and learn something. DO you enjoy being manipulated by McCain? or are you trying to find the best solution for America? Seriously.
get informed from both sides and then come to an honest conclusion.
Unless you like being lied to than keep on followin him without checking his policies, so he can screw you just like bush did.
youngflymista 3 years ago
First of all, it's not too expensive for oil companies to drill in the US. They have the money, and I don't see how it's even more expensive to drill in the US. If anything, its more expensive to drill in the Middle East because of the extra taxes they have to pay the countries to set up their drilling there. And you are incorrect, US drilling will be enough to lower oil prices because they would be putting a lot of new oil on the market.
Thill029 3 years ago
You need to do some research. How much of the world's oil does America have?
3%
That's 3% ONLY IF you had drills drilling every single god damn drop of oil in the whole country. Do you know how much it will cost to get all of that Oil? It's very expensive. That's why it's so easy for companies to go to the middle east, they just poke a hole in the ground there
So realistically, the amount of oil that America would get will NOT effect world Prices that much like McCain wants you to think.
youngflymista 3 years ago
What you don't realize is drilling will greatly increase world oil supply. Once the US drills, the supply will go way up, prices way down, and the middle east will have to start pumping a lot more in order to compete with the US. Another thing you don't realize is that the price which the bidding countries would offer would be the MARKET price. Otherwise it would be cheaper for them to buy it from the middle east. In other words, competition between US and middle east would drive prices down.
Thill029 3 years ago
Mccain's taxes are nothing compared to what Obama wants to introduce.
And I am just repeating what Obama says in this video. He said people makiong less than $75,000 will get an income tax cut of UP TO 1000 dollars a year. Sounds great except that it would hardly make up for all the other taxes he wants to introduce.
Thill029 3 years ago