Posted on 03/10/2004 2:32:47 AM PST by Capitalism2003
Gas prices are hitting record highs in many parts of the country...I really think it is in Bush's interest to leak out some of our huge reserves to drop prices. This is just another tax on the American people, and its the last thing he needs in an election year. The economy is ready to zoom and $30+ weekly fillups are putting the recovery on hold. ______________________________________________
Reuters, 03.09.04, 6:30 PM ET
NEW YORK, March 9 (Reuters) - A measure of U.S. consumer confidence fell to the lowest since early November in the latest week, dragged down by the weak job market and rising gasoline prices, a report said on Tuesday.
The ABC News/Money Magazine Consumer Comfort index declined to -18 in the week ended March 7, compared with a reading of -16 in the preceding week. The index reached a 21-month high in January and has since fallen to its lowest level since November.
(Excerpt) Read more at forbes.com ...
How would this help exactly? These reserves are for a real emergency. There is no real shortage, just high demand and potentially threatened futures. The trouble in Venezuela coupled with the Middle East oil cartels is the issue here.
If we can't increase our own production then we are slaves to foreign imports. Slam the rats, they are the ones who stopped us from tapping local supplies.
In addition, as I recall, when Clinton stupidly opened the reserves, there were many instances where they were purchased by speculators who then sold those reserves over seas. They never hit the American market. So what would it really achieve in the end except to drain our emergency supply?
Whatever, dealing with the enemies within the rat party is frustrating, and it seems that very few people ever truly realize just how much they hurt us and all Americans.
I just want to scream when I think about it. Guess I really need to try decaf some day. ; )
US consumer confidence hits 4-month low-ABC/Money Reuters, 03.09.04, 6:30 PM ET
... but I've been saying for years the way to revive and restore the economy ( and it would have headed off these oil price problems as well ) was to
1- drill for gas & oil like crazy- onshore, offshore, and in Alaska
2- go nuclear for power
3- convert stationary plants to clean coal technology
4- slash taxes and regulations like crazy
Bingo!!! We have huge reserves of coal in this country
I have read reports claiming between 200 and 500 years of energy reserves in coal alone... just in America, and recall that when the allies squeezed Nazi Germany, they made petroleum products from coal.
I believe South Africa did, as well, more recently.
Assuming you are in Georgia, did you know that when I toured Plant McManus here in Brunswick circa 1963, they burned powdered coal ( had the capacity for coal, oil, or gas, as prices dictated ) and the stack effluent was clear.
No smoke, just the waver of hot gasses exiting the chimney.
I mention that to point out 2 things- the technology has improved immeasurably since then, and have you ever noticed how the TV networks, whenever they have something about the environment or pollution, always show row after row of stacks belching black smoke?
I always wonder what era those date from.
I know, I know... the media- press and entertainment divisions- are about 9 out of 10 in favor of a markedly left-wing agenda:
| Professor's Study Shows Liberal Bias in News Media | ||||||
|
Great Debate#9 Break up Microsoft?...Then how about the media "Big Six"? [ ... -Poll confirms Ivy League liberal tilt--
A poll by the Center for the Study of Social and Political Change in 1992, eighty-three percent of film and television writers, directors and producers voted for Bill Clinton. Eighty-three percent. The vote that Clinton received in the country at large, forty-three percent.
|
||||||
It's the same with ANWR. Always footage of pristine mountain vistas instead of the vast featureless frozen plain that it really is.
I'm so shocked that the environmentalists feel they have to be untruthful to push their agenda. Shocked I tell ya.
http://www.newsmax.com/articles/?a=2000/9/25/112857
Michael Savage Monday, Sept. 25, 2000
Vice President Al Gore endorsed the sale of a government oil field in 1998, the largest sale of federal property in the history of the U.S. government.
The Elk Hills Naval Petroleum Reserve, located near Bakersfield, California, was established in 1912 to help fuel Navy ships. President Clinton proposed the sale in 1995 saying the oil field no longer served a military purpose!
The DOE (Energy Department) received a total of 22 bona fide offers but decided to sell this "crown jewel" of oil and gas fields to Occidental Petroleum Corp. By selling off this resource the Clinton/Gore team eliminated the U.S. Navy's primary source of emergency crude oil. They argued that this field "no longer serves a national security purpose."
"We view this asset as becoming the crown jewel of our domestic operations," said Occidental Oil and Gas C.E.O. David Hentschel.
Couching this questionable attack on our National Security in conservative jargon, Patricia Godley, DOE's Assistant Secretary for Fossil Energy, claimed the sale was part of Al Gore's efforts to "reduce the size of government" and "return inherently non-federal functions to the private sector." The largest federal divestiture was also said to help "pay off the national debt."
The sale of this government oil field to Occidental Petroleum may have directly benefited Al Gore through his ownership of Occidental stock. While his aides denied Gore encouraged this sale, his booklet "Reinventing Government" called on the government to sell these precious oil reserves. Gore wrote "...Elk Hills Naval Petroleum Reserves... no longer serves its original strategic purpose for the Navy."
Gore called for the sale of this prime contingency source of fuel for the Navy, calling it "Common Sense Government." In an emergency, where will our Navy get its fuel? From Iraq?
The same Al Gore witnessed the loss, theft or sale of the crown jewels of our nuclear war know-how from Los Alamos National Laboratory. Whether these events are interconnected we do not know. That our national security has been seriously damaged is a certainty.
The ABC News/Money Magazine Consumer Comfort index declined to -18 in the week ended March 7, compared with a reading of -16 in the preceding week. The index reached a 21-month high in January and has since fallen to its lowest level since November.
The saudi's don't want Iraq to succeed, that is why they are cutting back on production.
Iraq has huge oil reserves and could compete with the Saudi's. As long as saddam kept the oil infrastructure in abysmal shape, was building palaces, and not threatenting to invade Kuwait or Saudi Arabia, they were happy. But now saddam is gone and Iraq is on the verge of profiting from it's huge oil reserves.
If Kerry wins, he will abandon Iraq and there is chance that Iraq would go back to the controlled chaos the Saudi's want. Bush will see Iraq through.
Kerry himself cannot capitialize on his energy record. All Bush has to do is point out Kerry's votes to not to drill in ANWR and other envirowahcko votes.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.