Posted on 05/08/2008 8:25:56 AM PDT by yoe
NO!
Envirowhacko obstructionists do, however...
He gives an excellent summation of the issues.
Great article. Of course the Libs will just put their hands over their ears and go, “LA LA LA LA LA, I CAN’T HEAR YOU.”
No more so than Sears and Roebuck. They exist to earn profits. They do that by filling a need.
Democrats WANT the high prices, everything they do is causing higher energy costs. Americans and republicans in particular are stunningly stupid. The democrats view oil like cigarettes - they want the money from it in taxes and they want to make its use more painful. It's deliberate.
Imagine the $$ that could go into our own economy, including taxes, if we would just allow the use of our own resources.
Excellent article and totally out of the grasp of a liberal mind.
MYTH: Oil and pipeline companies are charging unfair gasoline prices.
REALITY: Crude oil is a fungible commodity that is freely traded in the world market. Therefore, oil companies do not set the price, markets do. As crude oil goes up in price, so too does the cost of refined products, such as gasoline.
When the supply of resources gets tight and demand increases, prices will also increase, just as they do for other commodities. For instance, the price of oranges increases after there is a big freeze in Florida.
The US may apply ‘demand economics’ to try to limit the price of fuel, but China et al has to participate too. The price is based on worldwide demand. If the US adopts the model to conserve fuel, it would make no difference in the price. The market would just move.
Prices are not repeat not going to come down. If the price fell, the ‘cheapest’ product would prevail. That’s why we’ll probably see $5/gal gas. (Some are asking for $8/gal just for parity with the EU. Others, $10 to punish ‘consumption’)
All alternative fuels are demanding a $5/gal price and oil needs to meet that level for them to maintain.
Those promoting such policies are ignoring the ‘unintended consequences’ such as a 42% fuel surcharge on all transported goods. Thus an increased price at the stores.
While ‘mass transit’ in urban areas is a good idea, we end up paying $10,000 a FOOT for a trolley in downtown Columbus. (One track!!) So no one believes the government can, by spending more on infrastructure, ’solve the problems’ that they themselves have created.
As far as developing more alternative fuels, the government hasn’t decided what the ‘Carbon Tax’ would be on this new product. (See Montana Oil Shale)
So, innovators aren’t taking the necessary risks with their capital for fear it wouldn’t be profitable. (See Hillary’s plan to seize profits) The progressives are so opposed to anyone ‘making a profit’. There is no such thing as ‘Free Market’ when they intend to control it all.
The author could also have mentioned that the US Government makes more on OIL in TAXES than the OIL COMPANIES DO!!!
Liberals are soooo stupid...they wonder why jobs have gone overseas....well gee...ya think maybe it's all the taxes and regulations here???? Libeals are Economic IDIOTS!
The Dem business ‘model’
Every “business” (a vehicle to make money) has a product.
The product of the left is to manufacture and market a “problem”, that they can then “sell” (for donations)by yelling “crisis”!
If a real solution came along to answer their “problem”, they would be out of “business”.
They both do. Who do you think is doing the “speculating” which experts have estimated has added $40-$50 to a barrel of oil? I’ll give you a hint, unless you are willing to lose EVERYTHING, you have to be prepared to take delivery on the oil when futures come due. Who do you think is in a position to take delivery on such vast quantities of oil? Oh that’s right, the oil companies.
I don’t think Americans are stupid...........but they are lazy. We want the government to do everything.....and by so doing, the government wants “everything” and our people never take the time to question them. Until this happens, things will never change.
“Does ‘Big Oil’ deserve our scorn?”
No but Big Education certainly does.
Check out the soaring cost of “higher education” over the past 8 years.
“Does ‘Big Oil’ deserve our scorn?”
No but Big Education certainly does.
Check out the soaring cost of “higher education” over the past 8 years.
Bingo! A community activist would sleep under an interstate overpass if the average city was a happy place.
I wonder if European oil refiners are painted with the same “obscene profits” brush as American— we know the gas over there has been five to eight dollars a gallon for years. That mark up can’t be ALL taxes— or can it?
Great article, the MSM will probably never understand as to get it right.
ping
ping
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