Quote:
Originally Posted by Jim in CT
I didn't say I want zero regulation.
What I'm saying is this...prooduction would be higher (at least in the future if not already) if McCain won in 2008, because he would not have rejected as many permits. And McCain didn't propose to eliminate regulation, he would just have less regulation than Obama. Same with Romney.
Spence, if you're claiming that oil production isn't lower under Obama than it will be if Romney wins, that's absurd. Is that what you're saying?
I'm not sure if the suppression is burdensome to the point that it's hurting the economy (although in my opinion, that's probably the case). But that's not what you said. You said that Obama is clearly not suppressing oil production. That's what you said, and it's false.
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This is exactly what's wrong with the argument, you're peseverating on issues or scenarios that are largely irrelevant.
Odds are that oil production under McCain/Obama/Romney scenarios aren't going to be all that different. Yes, Obama has slowed Gulf permitting but McCain would have had to deal with the Gulf spill just like Obama did.
The reality is that oil demand in the US is way down and as a result we're exporting refined fuels.
The reality is that domestic natural gas production is way up and it's attractive price is a boon for manufacturing.
Back to the video...ideologically driven regulation is supposed to be causing energy costs to skyrocket and killing our economy...
Not happening.
-spence