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Democrats slam Big Oil over $3 gasoline prices
Reuters ^

Posted on 05/08/2007 2:07:54 PM PDT by Sub-Driver

Democrats slam Big Oil over $3 gasoline prices Tue May 8, 2007 4:46PM EDT

By Tom Doggett

WASHINGTON (Reuters) - The U.S. Senate's top Democrat on Tuesday accused big oil companies of shutting down refineries temporarily to raise gasoline prices and rake in"obscene profits."

Gasoline prices have topped $3 a gallon at service stations across the country because several oil refineries are offline due to maintenance or accidents, reducing gasoline production and making fuel supplies tight.

"It's outrageous ...Isn't it interesting every year about this time, a refinery goes down for repairs," said Senate Democratic Leader Harry Reid of Nevada.

"Is that coincidental? Or is it part of a plan that these multinational, huge companies who are making obscene profits in the tens of billions of dollars -- is this part of their game to keep the profits going?" Reid said.

House Speaker Nancy Pelosi on Tuesday announced seven congressional hearings in coming weeks on soaring energy prices and plans to put together a proposed package of energy bills by July 4 to address the issue.

"With Memorial Day travel and the start of summer driving only a few weeks away, drivers are paying a heavy price for the Bush administration's failure to enact a comprehensive energy strategy," said Pelosi.

"Years of Bush administration policies that have favored Big Oil over the consumers have resulted in record dependence on foreign oil," the California Democrat added.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: classwarfare; demagagogues; democrats; energy; gasoline; lenin; marx; pelosi; reid; socialists; traitors
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To: gov_bean_ counter

HAsn’t Harry Ried heard of the federal regs that require a different gasoline formulation in the summer? It requires a retooling of all the refineries!

He could put an end to the “shoulder season” and reduce gas prices for everyone!


21 posted on 05/08/2007 2:17:03 PM PDT by oblomov
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To: goldstategop
I remember queueing for gas with my parents in the 70's.

I'll put up with the higher prices.

22 posted on 05/08/2007 2:17:29 PM PDT by mewzilla (Property must be secured or liberty cannot exist. John Adams)
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To: Sub-Driver
can we dare hope that the republicans on these committees will bring in the environmentalist and greenies and bring the facts that really impact the shortage or cost; the EPA regs, zoning laws, impact statement, not in my backyard, refusal to explore or drill because it spoils the view, requirement numerous different types of mixes for different cities, counties, and states. can we dare hope. NOT
23 posted on 05/08/2007 2:18:16 PM PDT by lag along
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To: Sub-Driver
take an economics class you bozo's.......

Yes, and that class would teach them that the big oil companies, like other companies, will do anything in there power to increase their profits. If they can gouge the consumers and make greater profits by doing so, they will. If they can make greater profits by manipulating the supply, they will. If they can increase their profits by "cooperating" with other companies in setting prices, they will. This is capitalism, pure and simple. Don't expect companies that are making huge, record profits to change the activities that got them there.

24 posted on 05/08/2007 2:18:41 PM PDT by Prokopton
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To: goldstategop

We are getting very weary of hearing that. It is not breaking news, nor does it have anything to do with the price of gasoline.


25 posted on 05/08/2007 2:18:46 PM PDT by RightWhale (Repeal the Treaty)
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To: Sub-Driver

House Speaker Nancy Pelosi on Tuesday announced seven congressional hearings in coming weeks on soaring energy prices and plans to put together a proposed package of energy bills by July 4 to address the issue.

“With Memorial Day travel and the start of summer driving only a few weeks away, drivers are paying a heavy price for the Bush administration’s failure to enact a comprehensive energy strategy,” said Pelosi.


Meanwhile, our food supply is in jeopardy-—but who cares—got to get that gas price down for Memorial Day weekend.


26 posted on 05/08/2007 2:18:50 PM PDT by Snoopers-868th
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To: gov_bean_ counter

shhhhhhhh, do not mention those facts to Reid.


27 posted on 05/08/2007 2:18:53 PM PDT by jveritas (Support The Commander in Chief in Times of War)
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To: rhombus
They did a hearing on this subject right at one year ago. Here is the link to it if you are interested. From about 1:28 to 1:50 is pretty good. Boxer getting gaveled at the end is priceless.

rtsp://video.c-span.org/project/energy/energy052306_price.rm?mode=compact
28 posted on 05/08/2007 2:18:58 PM PDT by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
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To: Sub-Driver
"With Memorial Day travel and the start of summer driving only a few weeks away, drivers are paying a heavy price for the Bush administration's failure to enact a comprehensive energy strategy," said Pelosi.

It was called drilling! It was also called building new refineries. Each one you shot down promising a better more efficiant energy strategy. That was 7 years ago Democraps! This crisis is of your making!

29 posted on 05/08/2007 2:19:02 PM PDT by Bommer (Global Warming: The only warming phenomena that occurs in the Summer and ends in the Winter!)
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To: Sub-Driver

Of course, the Dems will never mention the amount of taxes paid per gallon of gas.


30 posted on 05/08/2007 2:19:27 PM PDT by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: Sub-Driver
The Al-dimocRATS should be happy. Algore in his book a number of years ago wanted $5.00 gallon gasoline. I have personally met libs who wanted high prices for gasoline. They should be happy.
31 posted on 05/08/2007 2:19:52 PM PDT by Parley Baer
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To: Sub-Driver

I remember that Gore once proposed $3 a gallon gas, believing that would encourage reduced fuel consumption and also encourage the development of alternate fuel sources.


32 posted on 05/08/2007 2:20:01 PM PDT by marron
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To: Sub-Driver
Damn fools. The Dems are the reason a refinery hasn’t been built in the last 20 or 30 years.
33 posted on 05/08/2007 2:20:05 PM PDT by Vision ("Blessed is the man who trusts in the Lord, whose confidence is in him." Jeremiah 17:7)
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To: American Quilter
The few refineries we have in this country need to be shut down periodically for maintainance. If the Democrats want more refineries to be built, they should introduce legislation to waive bureaucratic layers to allow them to be built and stop the political grandstanding over Big Oil - which will not deliver cheaper fuel to American motorists.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

34 posted on 05/08/2007 2:20:25 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Prokopton

So why not lower the insertion (i.e. regulatory) cost of starting an oil company, and allow more competition? More competition would reduce profit margins.


35 posted on 05/08/2007 2:20:28 PM PDT by oblomov
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To: American Quilter
"Once again demonstrating that they're economic illiterates."

Yeah, but they are damn good demagogues!

36 posted on 05/08/2007 2:20:30 PM PDT by Don Carlos (MSgt, USAF (Ret))
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To: lag along

You hit the nail on the head. All of these things cumulatively affect the price of gas.

And these enviro. activists are against everything. Everything except solar energy. Even wind energy is problematical to some because it ruins the view and some problems with birds running into the windmills.


37 posted on 05/08/2007 2:21:52 PM PDT by Dilbert San Diego
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To: mewzilla

Yep.


38 posted on 05/08/2007 2:22:27 PM PDT by sauropod ("An intelligent man is sometimes forced to be drunk to spend time with his fools." Ernest Hemingway)
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To: Sub-Driver
It's outrageous ...Isn't it interesting every year about this time, a refinery goes down for repairs," said Senate Democratic Leader Harry Reid of Nevada.

Actually you uninformed nitwit...they have to shut down to refine the new designer fuels you clowns have mandated for the different driving seasons.

39 posted on 05/08/2007 2:22:34 PM PDT by Don Corleone (Leave the gun..take the cannoli)
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To: MEGoody
Of course, the Dems will never mention the amount of taxes paid per gallon of gas.

Be grateful for those high taxes. With demand already high, lowering prices right now would only increase consumption.

40 posted on 05/08/2007 2:23:01 PM PDT by mewzilla (Property must be secured or liberty cannot exist. John Adams)
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