Posted on 04/24/2006 9:03:21 AM PDT by oldtimer2
Three Dollar Gasoline: an Opportunity, Not a Crisis, April 24th, 2006
Some observers think that President Bush's dismal job approval rating is not about the mess in Iraq. It is not about the shocking corruption of the Republican Congress. It is not even about President Bush's failure to prevent Hurricane Katrina. It reflects Americans' rage at $3.00 per gallon gasoline.
How can you pursue happiness in that mammoth Ford Expedition with heated leather seats if your gas bill starts competing with your mortgage payment?
Democrats have suddenly discovered that they are shocked (shocked!) by high gas prices. The New York Times reports that
Democrats running for Congress are moving quickly to use the most recent surge in oil and gasoline prices to bash Republicans over energy policy.
Oh really?
o This is the party that stopped the nation building nuclear plants.
o This is the party that toyed with carbon taxes.
o This is the party of Al Gore, now right in the middle of publicizing An Inconvenient Truth, by far the most terrifying movie you will ever see.
o This is the party that won't let oil companies prospect for oil off the left and right coasts.
o This is the party whose activists prevented the US from building new petroleum refineries.
o This is the party that filibusters against drilling for oil in an arctic wilderness that just happens to be right next to a major oil pipeline with spare capacity.
And now Democrats are bashing Republicans over energy policy?
Yes, and Republicans better get out in front of them before $3.00 gasoline and An Inconvenient Truth brew up a perfect storm and blow the nation into an eco-Marshall Plan to increase energy taxes and throw subsidies at a daunting array of environmentalist pet projects from wind farms to biodiesel.
Read Al Gore's article in Vanity Fair to understand just how terrified you should be. After reciting the usual catalog of climate changes, he warns of the 10,000 foot mound of ice on top of Greenland that would, if it melted or broken up, raise the sea level worldwide by more than 20 feet. In the face of all this, why is it that our leaders seem not to hear such clarion warnings? Maybe, Al, it because they don't just listen to eco-alarmists like you but also contrarian ideas like the theory of the University of Virginia's Bill Ruddiman that global warming from agriculture has already staved off the next ice age.
Al Gore reminds us that The Chinese expression for crisis consists of two characters:
The first is a symbol for danger
the second is a symbol for opportunity.
He is a politician and he would know. It is when they feel danger that the people rise up and demand that the politicians "do something." For a brief window of opportunity the special interest blocking forces are weakened as the people demand that the politicians lead them to safety.
All the stars are in alignment. Americans are angry as they shovel out $80 to fill up their SUVs. The Democrats are hypocritically on the attack, threatening to get to the right of the president; the mainstream media is baying for blood, shoveling anecdotal stories of helpless consumers ruined by high gas prices.
Usually economic "crises" are bad news because they provide an excuse for the politicians to do something stupid like impose price controls or prop up failing corporations. But not this one. Not if the president and the Congressional leadership can rouse themselves from their torpor. Not if they can bestir themselves to do something more than stand foursquare against "price gouging."
o Now is the time to demand that Congress passes a decent energy bill.
o Now is the chance to demand that we build some more oil refineries.
o Now is the chance to drill for oil in ANWR.
o Now is the chance to search for oil on the continental shelf off the west and east coasts.
o Now is the chance to rationalize the crazy quilt of gasolines blended for each individual city.
Of course the Democrats are demagoguing on energy. They demagogue on everything.
Some day, in a quieter, more reflective time, there will be an opportunity to conduct a scholarly study to determine whether the Democrats of the twenty-first century actually believed in anything other than temporary partisan advantage. But this is not that time.
Now is the time to call the Democrats' bluff on energy, not to mention border security, Iraq, and taxes. Is anyone paying attention? At the White House? Mr. President? Karl Rove? On Capitol Hill? Denny Hastert?
Nothing personal, you understand. It's just that when we read in Time that the White House's five point plan to save the Bush presidency doesnft include a bullet point for high gas prices, we begin to wonder if anyone is home.
Christopher Chantrill blogs at www.roadtothemiddleclass.com. His Road to the Middle Class is forthcoming.
And many Freerepublic posters too.
>>Now is the time to call the Democrats' bluff on energy, not to mention border security, Iraq, and taxes. Is anyone paying attention? At the White House? Mr. President? Karl Rove? On Capitol Hill? Denny Hastert?<<
What, Republicans criticize their opponents? That would require a rigid spine, not something we are likely to see from the current bunch we've elected.
"I sometimes feel like Casey Stengel, When he was manager of the New York Mets, in their first year. While watching the collection of cast off, has beens and never would bees, cried out "Can't anyone here play this game?'
With regard to the Mets, the answer is still NO.
The Clintons did more than "toy" with carbon taxes. Had it not been for one Democrat Party senator, David Boren of Oklahoma, we'd have a BTU tax on every level of energy.
Yep, and you can count me among them. Republicans should be doing all the things this writer mentions. Instead they're cowering in the corner. If Republicans don't come out swinging soon on Immigration, energy, and refuting the "party of corruption" nonsense they can kiss the House and maybe the Senate goodbye.
Two things that would help gas prices over the short term
1)Stop the sale of Domesitic Oil for Foreign Nations
2)Stop the sale of Domesictally Refined Gasoline to Foreign Nations
Long Term fixes
1)Drill everywhere, screw the whacko environmentalist
2)Build more refineries.
3)Build some freaking Nuclear Power Plants. Close all Oil Powered Power Plants.
I don't know,,,
one just has to think that when a party controls the legislative and executive branches, that they might be able to tackle problems and win. Unfortunately the pubs scare too easily.
--yes--and then there the Republidum geniuses like Arlen Spector who seem to be the only ones to know how to get headlines---
Amen to that.
ROTFLMAO
What a shame, what a lost opportunity.
Ok, you give me a 36 Billion dollar profit. Now you tell me I cannot spend it on doing things that will help me make more money.
Then you tell me that I am making too much money.
That is what happened to Exxon. They cannot use their profits for things like energy exploration or building refineries. They have a large pool of capital.
I guess giving 400 mil to a retiring President makes sense since there is nothing else they can do with thier money.
bttt
The other points are the proper domain of government-- basically de-regulation. This one makes no sense; there is nothing stopping any American with sufficient capital from building refineries right now... except lack of profitability and common sense... until the price of oil is sustained at a higher level, it will simply not be profitable for any capital holder to build and maintain an oil refinery, that is why no one is doing it. With supplies of "cheap" oil running scarce, what fool would build something that takes 20 years to pay for itself until he is quite confidant that demand and oil prices will stay high enough to justify it? What happens if alternate energy sources take off, who is going to pay for his losses?
Exactly, this country is in desperate need of a leader.
If they are stupid enough to come up with a "windfall" profit tax, we should force them to make it retroactive and pay fines and penalties. Guess who else would be paying a "profit" tax? Shareholders and mutual fund owners!! (The Teachers Union has alot of money invested in these funds through their retirement accounts)
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