Posted on 05/26/2008 7:57:57 AM PDT by RightSideNews
May 26, 2008 by Bob Webster A CNBC poll asks, "Who's to Blame for America's Oil Crisis?" After more than 10,000 votes, the U.S. Congress is given the lion's share of blame at 36%, more than twice those who thought President Bush is to blame. Speculators came in a strong second at 25%. Maybe there is still hope for the American electorate. Too bad the GOP is making no discernible effort to take advantage of the historic low esteem Americans have for this wacky Democrat-controlled Congress.
The breakdown of CNBC's poll results as of Memorial Day morning:
(Excerpt) Read more at rightsidenews.com ...
Liberals, Marxists, Socialists and Congress.
We have a crisis because we won’t increase our own domestic supplies and because we won’t increase our own domestic supplies that we have someone has to be of blame.
If I were RNC chariman, I would hit the Democrats EVERY DAY on their refusal to allow domestic drilling. This is an issue that the regular guy gets.
Would allowing more domestic drilling (ANWR, coastal areas, etc.) make a huge difference in supply anytime soon? No. But it would pop the speculative bubble, and oil prices would fall quickly.
No. A crisis would be a severe shortage.
I have seen a breakdown of exactly what each portion of the price goes to, something like: crude oil - 73%; taxes - 11%; etc. Does anyone have a link that shows this including refining costs, profits, etc.? Thanks.
The crisis is in price and our ability to pay for gasoline at the pump.
In Jan. of 1999 gasoline was about $.98/gal. In Jan. 2008 gasoline was about $3.16/ gal.
Corn during the same period, $2 to $6 per bushel.
Gold, $288/oz. to $847/oz. Each has just about tripled in dollar price during Jan. 1999 to Jan. 2008.
Ave U.S. hourly wage Jan. 1999, $13.27/hr. Has this figure tripled?
And if the price of gasoline compared to crude oil was the same today as it was in Jan. ‘99 gasoline would be $13/gallon.
The crisis is near worthless dollars sloshing around both here and abroad.
Those station owners I know would love to make that much per gallon. Most I know make less than $1 for each 20 gallons sold.
Nancy Pelosi 202-225-4965
Harry Reid 202-224-3542
I agree, and better half-a-wit than no-wit at all..lol
Per Pat Fish:
“Where are the Republicans?”
Stop the nation’s oil exports will help. Since the domestic use has increased, then we could use that exported oil right at home.
Remember also the billion$ collected by the gov in income tax on people who work in the petroleum industry and support businesses.
Absolutely correct. For years now, 35 for nuclear facilities and over 30 for new oil refineries, the libs, the greens , anti-capitalists have blocked oil, gas,coal oil development by American free enterprise. Schumer said, we are held hostage by OPEC. Yet 10 yrs. ago, he voted against any new drilling. It is liberalism as usual that keeps America whining for new energy sources while we have gazillions of barrels of the gooey stuff domestically and right off shore. The Gulf alone could keep us going for 100 years. It is a horrid trick by the enviros that keep us struggling. And the socialist pacifists in the voting booths keep electing liberal Dems so what will change this horror???
So all in all, it’s in the government’s best interest to keep prices high.
By keeping us from using our own resources the socialists manipulate the less enlightened among us through the device of class envy and dependence.
OPEC (enemy) and Environmentalists (socialists) and the American people who are stuck on stunned.
They feed off each other in order to push wealth outside the US.
And we have no ;eadership in Washington.
We are in dire straits.
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