Short answer...
Posted on 05/22/2008 3:11:38 PM PDT by antonia
May 22, 2008
American Thinker
How much have the Democrats cost you at the pump?
Marc Sheppard
Senator Chuck Schumer claims that coercing Saudi Arabia to increase oil production by 1 million barrels a day would drop the per barrel price by $25, saving Americans 62 cent per gallon at the gas pump. Yet, somehow, that same amount of oil coming from Alaska's Arctic National Wildlife Refuge would only ease oil prices by a penny.
In a Senate floor speech he gave on May 13th, the New York Democrat insisted that:
"If Saudi Arabia were to increase its production by 1 million barrels per day that translates to a reduction of 20 percent to 25 percent in the world price of crude oil, and crude oil prices could fall by more than $25 dollar per barrel from its current level of $126 per barrel. In turn, that would lower the price of gasoline between 13 percent and 17 percent, or by more than 62 cents off the expected summer regular-grade price - offering much needed relief to struggling families. "
Schumer repeated these words almost verbatim when grilling oil company executives during yesterday's Senate Judiciary Committee hearings.
Yet Schumer's daily magic number of 1 million barrels is the exact increase experts believe we would today be pumping through the Alyeska pipeline had Bill Clinton not vetoed ANWR drilling back in 1995. And even the most rabid anti-domestic-drilling Democrats don't take issue with that figure.
So then, the increase he demands of "Bush's friends," the Saudis - which he claims would reduce prices by up to 25 percent -- is the exact amount he argued earlier this month would only "reduce the price of oil by a penny" were it coming from ANWR - eco-sacred breeding ground of the Porcupine Caribou.
It doesn't take a Ph.D in economics to know that both figures can't be right.
Nor one in Poli-Sci to know why they're so starkly different nonetheless.
Dutch Boy: “I tried all day long to educate a group democrats about the futility of lowering oil prices using only conservation. I then used a page from their play book. I said it is very selfish for democrats to hoard US oil from the world market. This was causing poor countries to starve, stay poor and make them unable to travel to affordable health care. I think there was a collective brain hemorrhage on their part. I go no response from them.”
LOL. I also get a kick out of the morons who say oil’s going to run out someday anyway so why bother drilling.
The democrat party has its nose so far up the anus of The Sierra Club I’ll bet they have to ask permission to breath.
I will pay 5.00 USD for a bumper sticker like that!
Exactly.
I'm commuting 75 miles one way 5 days a week right now, so the short answer is - - a lot.
The flip side of what ‘Rats cost Americans at the pump, is what Americans are putting into the wallets of terrorists. So, we pay more at the pump (to terrorists) while at the same time pump money into fighting them. What a sorry state of affairs!
Both parties have cost us dearly ... just by coming out with a pro-drilling plank that would drive a good part of the speculation out of the commodity markets ... those show trials we just had WERE THE CAUSE OF THE SPIKE TO $135+ ,, the world saw our gov’t has no intention of actually fixing the problems...
We need to fix the commodity markets by requiring delivery... why should we allow unlimited numbers of speculators with no need for the product , nearly unlimited funds, plenty of leverage , and no ability or intention to take delivery of a product conspire to push prices in one direction or another... these things take on a life of their own just as soon as a direction is established and they all jump on board ... and in the case of commodities where demand and supply are more or less pretty close to a balance it doesn’t take much to manipulate a market,,, especially when the “real” players that want delivery must play it long or risk having idle factories.
Schumer is always opening his yapper.
"If Saudi Arabia were to increase its production by 1 million barrels per day
Well, god luck on getting that done with nothing more than your stupid speeches.
That pretty much sums it up. The Democrats don’t like the money and profits the American oil companies are making. However, it’s perfectly ok with them for OPEC to make the trillions of dollars which should stay in this nation. And that’s money which WON’T fund terrorism! Go figure.
Gas prices went up $.15 today in 5 hours.
And I would have told her she was a dumb ass.
One more farmer planting any given crop probably would not affect the price of that crop either. But there is no logical reason not to let him plant it and earn a living. In ANWR, people will have jobs, earn a living, and pay taxes. But let the companies decide where to invest and let them take the risk.
Gas prices went up $.15 today in 5 hours.
**********************************************
Light sweet crude for July delivery shed $2.36 to close at $130.81 a barrel on the New York Mercantile Exchange after trading as high as $133.75. The contract gained $9.32 between May 15 and May 21.
July crude had surged to a record high of $135.09 during the overnight electronic trading session on Globex.
*************************************************
The $9+ increase in the last 7 days equates to $0.22 per gallon in crude or about $0.30 per gallon when converted to retail gasoline. This means we’ll have (at a minimum) $4.25/gallon unleaded regular in the next few months and $5 diesel.
Bill Nelson is a pinhead when it comes to economics...
***********************************************
We can’t drill, drill, drill our way to oil independence. (Oct 2006)
Supports spending resources to stop Global Warming. (Sep 2000)
Voted YES on removing oil & gas exploration subsidies. (Jun 2007)
Voted YES on making oil-producing and exporting cartels illegal. (Jun 2007)
Voted YES on factoring global warming into federal project planning. (May 2007)
Voted YES on disallowing an oil leasing program in Alaska’s ANWR. (Nov 2005)
Voted YES on $3.1B for emergency oil assistance for hurricane-hit areas. (Oct 2005)
Voted YES on reducing oil usage by 40% by 2025 (instead of 5%). (Jun 2005)
Voted YES on banning drilling in the Arctic National Wildlife Refuge. (Mar 2005)
Voted YES on Bush Administration Energy Policy. (Jul 2003)
Voted YES on targeting 100,000 hydrogen-powered vehicles by 2010. (Jun 2003)
Voted YES on removing consideration of drilling ANWR from budget bill. (Mar 2003)
Voted NO on drilling ANWR on national security grounds. (Apr 2002)
Voted NO on terminating CAFE standards within 15 months. (Mar 2002)
Include pickup trucks in CAFE; include hybrids in HOV lanes. (Feb 2002)
Keep efficient air conditioner rule to conserve energy. (Mar 2004)
Rated 100% by the CAF, indicating support for energy independence. (Dec 2006)
**********************************************
http://www.ontheissues.org/International/Bill_Nelson_Energy_+_Oil.htm
What Americans are putting into the wallets of terrorists:
Saudi Support for Islamic Extremism in the United States' ~ pdf doc
"ALMOST SIX YEARS after September 11, 2001, and more than four years since the beginning of the U.S.-led intervention in Iraq, the American government and media have begun to admit something every informed and honest Muslim in the world has known all along. That is: the "Sunni insurgency" in Iraq, as well as 9/11 and certain acts of extremist Sunni violence inside Iraq before then, are consequences of the official status of the ultra-fundamentalist Wahhabi sect in Saudi Arabia, Iraq's southern neighbor. Saudi Wahhabi clerics have preached and recruited for terror in Iraq; Saudi money has sustained it; the largest number of those who have carried out suicide bombings north of the Saudi-Iraqi border have been Saudi citizens." continued
>snip<
"Confidential reports by the Central Intelligence Agency and other U.S. agencies, reviewed by The Wall Street Journal, detail for the first time how much the U.S. learned about the use of Al Rajhi Bank by alleged extremists, and how U.S. officials agonized over what to do about it."
>snip<
"The U.S. intelligence reports, heretofore secret, describe how Al Rajhi Bank has maintained accounts and accepted donations for Saudi charities that the U.S. and other nations have formally designated as fronts for al Qaeda or other terrorist groups.
In addition, Mr. Al Rajhi and family members have been major donors to Islamic charities that are suspected by Western intelligence agencies of funding terrorism, according to CIA reports and federal-court filings by the Justice Department." continued
Short answer...
Bill O'Reilly does not believe in private enterprise. He wants to tax "big eeevil oil." And that jerk is supposed to be a conservative?
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.