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Posted on 05/22/2008 5:31:41 PM PDT by Kaslin
Energy: Senate Democrats, dragging executives from five major U.S. oil companies before them for a second day, say they're alarmed by our "failed" oil markets. What they should be is ashamed.
Others concluded that this must be a market problem. "We need to get prices under control," said Sen. Herb Kohl of Wisconsin. "We can only conclude that the oil markets have failed."
Well, markets have failed. But the failure is due to Congress' refusal to let oil companies drill on federal lands, thereby cutting sharply into our supply of crude as world demand grows and prices soar both here and abroad.
Congressional ignorance of basic laws of supply and demand is at once bizarre, breathtaking and frightening. For example, the American Thinker Web site this week took note of a speech delivered by New York Democratic Sen. Chuck Schumer on May 13. In it, he urged the U.S. to force Saudi Arabia to pump a million barrels a day more of oil — which Schumer claimed would slash the price of crude by $25 a barrel.
(Excerpt) Read more at ibdeditorials.com ...
Sadly the Sheeple will not hear these truths.........
No sh*t!
They have not failed! I can buy as much as I want.
I may not like the price, but the fuel is out there
on most every street corner.
Those who claim this lack basic economic knowledge!
Because the Dems want to financially choke American citizens. They don't care how "pristine" the ANWR is.
How does a market fail? Oil is bought and sold. Just because we don’t like the price doesn’t make it a failed market. That thinking is arrogant and dangerous.
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Watching this go on just makes me sick to my stomach! If these Congressmen want to know why the price at the gas pump is so high, they have only to look in the mirror. No drilling in ANWAR, no drilling in the Gulf or off the coast, no new refineries, no wind power, no new nuclear plants, no, no, no!!! Boy, people deride conspiracy theorists, but how much more of this kind of stuff has to go on before people start to seriously wonder if they’re right?
This, from a politician, is hypocrisy.
Even more sadly, I doubt that they ever will. They talk about the "Greatest Generation". I believe we're living in the dumbest generation. My niece just graduated magna cum laude. She's a sweet and kind girl, but politically and economically, she's an imbecile. It's so very sad.
I wish these oil company executives who grow a pair and tell off these ahole windbag senators.
“Senator, the American people are paying record prices for gasoline because, for 30 years, you and your corrupt, pathetic, clueless colleagues have been taking campaign contributions and marching orders from a bunch of anti-American, left-wing tree hugging communist moonbats. If you want to see who’s responsible for high oil prices, senator, park your fat ass in front of a mirror and take a good, hard long look. You and the ecofreaks you’re in bed with refuse to drill for oil off the coasts of California and Florida, you refuse to build oil refineries, you won’t build nuclear power plants, you won’t extract natural gas from the ground, you won’t drill in ANWAR, and then you left wing morons wonder why America has an energy problem?
The whole lot of you bastards should be in prison for treason.”
This is the speech the oil company executives should give.
And while they’re at it, the oil companies should be running public service announcements on radio and television saying much the same as I quoted above, as well as full page newspaper ads.
....just more evidence that the Government in Washington is seriously broken.
The people at DU think that the oil companies don’t want to build refineries because then they won’t be able to have those record profits.
I heard something that their profits were 8%,9% for this quarter or year and Apple had profits of 13% and Google had 25% profits. Sounds to me like they aren’t making blockbuster profits.
In one breath, Chuckie Schumer says if OPEC increased supply by 1 millions barrels a day, the price will drop $25.
Didn’t I hear him say today (yesterday), that if we opened ANWR, we would only get 1 million barrels a day, a drop in the bucket, might affect prices by only 1 penny. Did I hear that?
So how does 1 millions barrels from OPEC drop the price $25, but if it comes from ANWR it only affects it 1 cent?? More liberal logic.
Cogress is the problem! Their only purpose is to protect our life, libery, and hapiness, but they have put our economy and wellbeing under the control of the arabs! We need a complete turnover of congress to get rid of enemy sympathizers such as Schumer, Lahey, and that dope from Michigan with the specs on the end of his nose whose name always escapes me.
Like Neil Cavuto said yesterday in his Common Sense editorial. The oil company EOCs should be drilling the congress critters and the Senators and not the other way around
Ain’t no way I would sit and listen to those puffed-up, arrogant know-nothings in congress, be they dem or rep, talk to me that way. From where I sit, congress itself is the single biggest reason for crude oil being at these prices ($130 and rising). As soon as someone is elected to congress, they get the mistaken notion that they are then an expert on everything.
You have no doubt noticed that polar bears and caribou are completely non-existant in the OPEC countries. Not to mention there are no spotted owls as their once lush, old-growth forests were clear cut for oil field exploration.
Do you really want that to happen in ANWR?
< /sarcasm >
Instead, they're running "green" ads about wind and solar power. They well know there's a sucker born every minute.
as I said on the Maxine Water’s thread recently, this is
Classic Congressional Hearing 101:
Bloviating 99
facts 1
In just seconds during the Glenn Beck show tonite a 3 second conversation between Glennn Beck and T. Boone Pickens:
Glenn Beck (playing Congress): “What is goin’ on heah”?
T. Boone Pickens: “Supply is 85 Million bbl/Day; Demand is 86.4 Million bbl/day......Price goes up.”
Case closed
ie, Congress bloviated for 2 days and didn’t come up with an answer due to the confrontational method of venom v. capitalism! Blame America, Blame capitalism, Blame Oil.......Glenn Beck 3 seconds to get answer from someone who knows! (not to detract from the emminence of the Oil CEO team sitting across from congress!)
Congress: Busted
America: screwed ‘til we get rid of Congress, and start drilling again!
and the previous post’s Schummer Math is priceless!
Since when does a liberal have any logic?
My outrage over the hypocrisy by the investigating Senators is beyond the pale. Like they all haven’t been contributing to this for the past few decades. Throw these bums out!! NOW!
I think they actually are happy about it but they have to keep up the pretense of moral indignation to fools the sheeple. Intellectual dishonesty is fundamental to their core beliefs.
Exactly. So how much longer is it going to be before patriotic, God-fearing Americans stand up and do something about it??? When it’s too late and our country is in the toilet??? But if you talk about such things you are considered to be advocating the overthrow of the government - not considered a patriot who loves his country!
You forgot to mention no coal either. That’s a nasty global warmer, don’t you know?
I found this about the 1 penny quote: "Drilling in the Arctic Wildlife Refuge would result, when it's fully implemented 10 or 20 years from now, in one penny per gallon savings," said Sen. Maria Cantwell, D-Washington.
Had to correct that.
Drill through the heads of polar bears, caribou, and any liberal scumbag that gets in the way!
Merciful Heavens!
You sound.....bitter.
Personally, I always carry a Bible in my bulldozer and have a plastic Jesus on my re-loader.
well, uh...yes, of course!
but how do you convince liberal-socialists?
I think every American ought to march to DC and hold something like a Boston Tea Party, and tell these bums to either let the oil companies drill for oil in ANWR, and every place they don’t want the oil companies to drill, and let them built new refineries, or just get out of Dodge and don’t come back
The US Congress has Nationalized our energy sector via laws ans regulations.
Not on the Communist model of nationalizing but the German model, the smae form of socislism that FDR liked.
What you all are saying is essentially what Senator John Cornyn from Texas said on the senate floor yesterday. He said we have to drill for our own oil and he listed the places where we know huge amounts are. Every time he writes such a bill to do this, it gets shot down. He is pissed about the refusal of government to take the necessary steps.
(I'm shutting up now before I get myself in trouble)
“The German and Russian systems of socialism have in common the fact that the government has full control of the means of production. It decides what shall be produced and how. It allots to each individual a share of consumer’s goods for his consumption.”
The difference between the systems, wrote Mises, is that the German pattern “maintains private ownership of the means of production and keeps the appearance of ordinary prices, wages, and markets.” But in fact the government directs production decisions, curbs entrepreneurship and the labor market, and determines wages and interest rates by central authority. “Market exchange,” says Mises, “is only a sham.”
from a recent post on fr concerning nationalizing our oil industry.
>BLAME CONGRESS NOT THE OIL COMPANIES<
AMEN To THAT! I got sick to my stomach watching Durbin and Schumer sitting on their fat behinds, arrogantly waving their forefingers at the oil execs. Congress had better get with uncapping our ooil reserves soon and bigtime! They are in league with the Devil!
Politicians in general are arrogant and dangerous. My senator, Dick Turban, was in the neihboring town of Urbana last sunday grandstanding about the price of oil and gas. I wish I would have known about this sooner as I would’ve liked to ask him a few questions.
The sheeple are paying at the pump for re-electing and re-electing corrupt pols like Teddy (May Allah Be With Him) and not paying attention. Who reads IBD, or WSJ? Talking heads tell them it’s the evil oil companies (in which the sheeple’s 401Ks have healthy investments, coincidentally), and the sheeple take that as gospel truth. You can see now why Dan Rather misses his job as a National Evangelist. The blood boils.
Chuckie is part of the problem, not part of the solution. Soon voters will realize that these schmucks who they sent to Washington as leaders are not really leaders.
How soon is “soon”??? We’ve been waiting for a long time as it is already!
"SOON" is when the public realizes that the incumbents (all of them) need to be replaced regardless of political party. None of them are serving the American people anymore, IMHO.
I agree. Representing the people on a national level was not meant to be a career choice/plan ala Kennedy, Byrd, etc.
“We need to get prices under control,” said Sen. Herb Kohl of Wisconsin. “We can only conclude that the oil markets have failed.”
The prices at Kohl Department Stores are out of control in my opinion. Maybe someone should drag Herb Kohl in front of Congress to find out how his markets has failed.
I love it when boobs give corporations human qualities. Corporate conscience, corporate citizen, etc.
It only proves the ignorance of democratic politicians when it comes to business and how things truly operate in the real world, somewhere these idiots have not worked in a long time, if ever.
With government interference.
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