FACT CHECK: More US drilling didn't drop gas price

I will put it as simply as I can.
Because all money that all oil companies get is derived from the sale of their product to the consumer, the consumer is always the person paying all of the costs. It doesn't matter how those costs are incurred, whether they be leases, equipment, salaries, fines, cost of clean up, or taxes, they are always paid by the consumer. That holds true for every company in the world. They can't print their own money, they get it from you and me.

It is the equivalent of suing your city government. If you win your case, the city does not pay you anything, the tax payers do.

Some people don't want to believe that, but it's a fact that you can't get around.
 
@fade,
Exactly right the company doesn't have their own money. They get money from the society in which they operate. If they are causing harm to that society and cannot cover the costs they should be dissolved. That sort of exploitation should not be allowed.
 
And your grocery store is going to teleport all their products directly from the farm to their shelves where you and Cecilia will pick them up in your warp drive powered public transportation and take them home to your pixie dust heated house while your wife prepares dinner on her gerbil powered microwave for all the kids coming over tonight to play games on their wooden Nintendos and all the other parents sit around in the back yard drinking Sun tea and eating chips baked on that hot rock from last summer.

Meanwhile all the other people in the world that depend on normal modes of power are busy building spears and bows and arrows with which to launch an attack on your good self because they do not own those magical items that you and Cecilia think the world can operate on.
 
Fade said:
And your grocery store is going to teleport all their products directly from the farm to their shelves where you and Cecilia will pick them up in your warp drive powered public transportation and take them home to your pixie dust heated house while your wife prepares dinner on her gerbil powered microwave for all the kids coming over tonight to play games on their wooden Nintendos and all the other parents sit around in the back yard drinking Sun tea and eating chips baked on that hot rock from last summer.
Click to expand...
The point is very simple. The government directly and indirectly subsidizes an industry that makes the largest profits in the world. If one is a true capitalist they want the government out of this system. In order for that to be accomplished the industry itself must start carrying it's true costs. Limiting damages for BP and Exxon shouldn't happen. BP should eat the true costs of damaging wildlife in the ocean and livelihood of fishermen. If it destroys BP then we know their management team failed to operate the business properly. What the captialist says is this destruction is good as it'll make room for a company that will operate closer to the true costs, making the product and market even stronger.

Instead the arguement is really a shell game. People claim subsidies are bad, yet support it for the most profitable company ever. Then they go further to claim self sustaining renewables are too expensive. They forget about the health, wars, and environmental costs which the oil company's don't pay. It's easy to see how 'cheap' oil is when all you do is look at the oil company ledger and fail to include the overall worldwide costs. The plus about renewables is those wars, environment, and health costs are incredibly reduced. The prevention of harm is superior to causing harm and letting the other guy clean up your mess.
 
Fade said:
... the kids coming over tonight to play games on their wooden Nintendos ...
Click to expand...

When I was a kid game machines were just getting invented. Not having video games to play wasn't such a bad thing. We had one car for the family but dad took the train to London to work and the shops were 15 minutes walk away. TVs and stereos and such we had but when they were off they were actually OFF, we didn't have tiny power supplies plugged into every available outlet and then some to charge up our doodads because we didn't have doodads. I don't remember feeling like I was suffering back then, but I must have been because - well, how could I text my friends without a doodad?

Gosh, I'm feeling all nostalgic now.

Anyway, when energy gets more expensive you will suddenly find out that you don't really need as much as you think you do. Much of it is just wasted simply because it's so cheap.
 
Evictions, Price Gouging, Natural Gas Burn-off, Crumbling Infrastructure, and Death: The energy boom is not progress, it’s waste and extreme violations of human and environmental rights!

Home of Heather Youngbird and Crystal Deegan after the door was removed Monday afternoon at Prairie Winds Mobile Home Park in New Town.​
New Town, ND – Forced evictions, of local residents from their mobile homes in the New Town area, to provide housing for predominately out-of-state oil workers has reached a new low. On Monday, April 16th, Four Native American residents of the Prairie Winds Mobile Home Park, including a 9-year old child, were forced to leave their home when landlord, Leroy Olsen, removed Heather Youngbird and Crystal Deegan’s front door. Olsen then cut the electricity and turned off the propane to the home, and told them they had to leave their home immediately.
The battle for housing in North Dakota has been an on-going struggle since the onset of the oil boom in the Bakken Shale Oil Formation, which partially lies in northwestern North Dakota.
The housing crisis has been growing exponentially worse, particularly within the million-acre Fort Berthold Indian Reservation; homeland of the Mandan, Hidatsa, Arikara tribal nations.
Crumbling Infrastructure and Severe Housing Shortages
Tribal members, as a result of this boom, are experiencing some of the most severe consequences from the lack of proper infrastructure to support this intensive extractive industry. Infrastructure is inadequate at all levels in North Dakota- from crumbling roads and the lack of proper sewage facilities in the various man camps that have popped up across the state, to a severe shortage of adequate housing.
Who Is Prospering?
It’s estimated that the state of North Dakota, to date, has collected at least $100 million as a result of the oil boom through revenue generated from Fort Berthold alone, while the majority of Fort Berthold residents haven’t seen a dime. In the meantime, roads are crumbling as semi-trucks take over with no regards for safety. Several deaths have occurred over the past few years as a result of accidents between the semis and local Native American residents; at least 6 of the deaths involved young people under the age of 27 with the youngest being 3 years old.
With the “Boom” Comes Guns and Crime
Crime, drug and death rates have increased all across the state as firearm sales have hit an all time high. Prostitution rings are being formed and rape rates for both men and women are on the rise with police enforcement struggling to keep up and yet North Dakota Governor Jack Dalrymple has said, “Build America back on the same blueprint that North Dakota has adopted and our country will surely be rewarded with the same great economy our state is enjoying.”
Gas Flaring – Why are they burning it off?

A flare burning natural gas glimmers in front of a pumping unit north of New Town.​
Additionally, within the Bakken shale formation hydraulic fracturing is being used to extract the oil but the natural gas is being flared off. A New York Times article points out that more than 100 million cubic feet of natural gas is being flared away every single day in North Dakota. That’s enough energy to heat half a million homes for a day. The flared gas also spews at least two million tons of carbon dioxide into the atmosphere every year, as much as 384,000 cars or a medium-size coal fired power plant would emit. Regulations on flaring are woefully inadequate as well in North Dakota and there are no current federal regulations on flaring for oil and gas wells.
Wind Has Taken a Back Seat to Oil
Perhaps the greatest irony is that North Dakota has the greatest wind resource of any of the lower 48 states. According to National Wind, LLC, “With all of its wind power a class 3 or higher, North Dakota could supply 1.2 trillionkilowatt-hours (kWh) of annual electricity, which is 14,000 times the electricity consumption in the state.” Unfortunately, programs for wind power generation and distribution have recently been cut back within the state while the focus is on the extraction of the oil, with almost no regard to the human health impacts and environmental devastation occurring.
Divided Communities
“This oil boom has divided the Mandan, Hidatsa and Arikara people and pitted them against each other in a negative way,” says tribal member Kandi Mossett. “It’s really hard to see the damaging and negative effects occurring at Fort Berthold and throughout North Dakota as a result of corruption and greed. The reality is that people in positions of power at both the Tribal and State level are lining their own pockets, while the Mandan, Hidatsa & Arikara people suffer and in some cases die as a result of this terrible oil boom. I want people to know the reality we are facing here and to realize that at this rate we are heading toward modern-day genocide of the people, while the BIA and others stand idly by and let it happen.”
http://www.ienearth.org/blog/?p=78
yay... subsidized genocide... bet the church will be up in arms over this when they find out... ;)
 
the poor and the middle class HAVE to move toward renewable energy. Mostly so they are not slaves to the {bleep} oil companies.
and it's obvious we have to do it ourselves
 
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