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Gasoline Prices
WHY YOUR GASOLINE PRICES ARE HIGH
| 2005
| Seldon B. Graham, Jr.
Posted on 05/06/2006 10:26:01 AM PDT by SelGraham
President Carter, on January 23, 1980, gave the US oil market demand to OPEC.
The Democratic Congress, on March 27, 1980, passed the Domestic Crude Oil Windfall Profits Tax which was fatal to the US domestic oil producing industry.
Cheap US oil production has been declining rapidly for 20 years.
Expensive foreign oil has been replacing declining US oil production for 20 years.
Expensive foreign oil has been causing gasoline prices to rise for 20 years.
TOPICS: Business/Economy
KEYWORDS: advertisement; economy; energy; gasoline; gasprices; icanblog; lookicanblog; lookmaihaveablog; oil; pimpmyblog; watchmeblog
Why is it that conservatives do not know this, do not understand this, and do not use this?
1
posted on
05/06/2006 10:26:05 AM PDT
by
SelGraham
To: SelGraham
To: SelGraham
Your links go to a site for book publishing. Got anything better to click on?
Good beginning to the article to start sending as an email reply to all the "Boycott Exxon-Mobil this Monday" emails.
3
posted on
05/06/2006 10:29:56 AM PDT
by
N. Theknow
(Kennedys - Can't drive, can't fly, can't ski, can't skipper a boat - But they know what's best.)
To: SelGraham
Um, domestic production has been depressed by low prices.
Now that the prices are high, they're doing it again.
But you're right that a windfall profits tax would shut them down.
To: SelGraham
"(Excerpt) Read more at iUniverse.com ."
What excerpt??? Give a total link please.
5
posted on
05/06/2006 10:39:08 AM PDT
by
bwteim
(Begin With The End In Mind)
To: SelGraham
Peanut did it long before that by failing to support the Shah of Iran in 1976, turning Iran over to the Islamic radicals, by not pulverizing them when they took our embassy over , and a hundred other delusional actions and inactions. From day one, Peanut was a failure...miserably and totally.
The WPT was just icing on the cake to insure that OPEC's grip would continue.
6
posted on
05/06/2006 11:02:33 AM PDT
by
PeaceBeWithYou
(De Oppresso Liber! (50 million and counting in Afganistan and Iraq))
To: SelGraham
Carter also made the oil companies who had good exploration sell their oil at less than replacement costs to companies that had little or very poor exploration.
7
posted on
05/06/2006 11:03:16 AM PDT
by
HuntsvilleTxVeteran
("Remember the Alamo, Goliad and WACO, It is Time for a new San Jacinto")
To: SelGraham
Don't forget Lee Raymond's parachute. That added 10 cents to 4 billion gallons of gasoline.
8
posted on
05/06/2006 11:04:39 AM PDT
by
BW2221
To: BW2221
That added 10 cents to 4 billion gallons of gasoline. What a riduculous statement. He lead the company for ~12 years and they produce a multitude of fuels, lubricants and chemicals. They generate income from vehicles as well as avaiation, marine transport and industrial petrochemicals. US gasoline sales makes up a very small percentage of ExxonMobil's income.
9
posted on
05/07/2006 7:46:17 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: SelGraham
Hey newbie - vanities are frowned upon here. Post actual newsarticles.
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