U.S. Oil companies own only about 3% of world oil reserves.
Saudi Arabi, the government of Saudi Arabia, owns 33% of world oil reserves. So if you want to blame anyone blame the non-productive government owned oil companies in the Middle East who even with some private contractors still cannot produce enough oil to keep up with demand.
In addition U.S. oil companies pay more in taxes that they earn in profits. The profit they earn is only at most 10% of sales.
You are blaming U.S. oil companies without proof or knowledge of the facts.
Yes, I hear the liberal media and liberals/Socialist/Democrats and Michael Savage blaming the oil companies, saying the oil companies have paid off the politicians. Liberals do this because they are Socialists or Communists, whatever you want to call these Marxists.Why do you do the same?If that is so then show the proof. Give names like another Freeper asked.
If the oil companies controlled politicians then why are the private companies taxed and regulated so much and restricted from drilling in so many places like ANWR, Off the coasts, In Montana and North Dakota etc.?
U.S. private industry is the only thing in the world that can produce enough energy to keep up with demand. But government has to be shrunken and Democrats and government have to get out of the way of private energy companies so that they can drill for oil, build coal power plants, coal to oil, etc.
Democrats have restricted supply by creating environmental laws,government regulations, and high taxes that don’t allow companies to drill for oil profitably or not at all in ANWR, North Dakota , Off the coasts etc.
In addition Democrats have restricted coal production. The U.S. has 600 years of coal , the most in the world. Coal can be liquified and gasified into oil and gasoline. But Democrats/liberals will eventually ban all coal and oil production because they say that these fossil fuels are destroying the planet with global warming. Global warming is hoax
Also Democrats have not allowed refineries to be built in 30 years, nuclear power plants, coal to oil, oil shale ( 1 trillion barrels of oil in Colorado) etc.
Democrats’ goal is to destroy capitalism. As capitalism goes so will our economy and so will our freedom.
Global warming is not real so it will not destroy our civilization. Democrats/liberals/Socialists will destroy our civilization because they are killing the engine that drives the Economy , Capitalism (private industry). The run up in gas prices is just the first sign that Democrats are succeeding in destroying the economy and with it our civilization and our freedom.
Democrats also want to increase the size and power of government and they use scare tactics and this global warming hoax to do it.
The liberal mainstream media is the main force brainwashing the public into believing in this hoax of global warming.
Government has to be shrunken and not grown. The government is taking away investment capital from the productive private sector and the government is taking away our freedoms and the freedom of businesses and of the economy.
by Nowhere Man (v2.2) (5-27-2008):
Short term solutions :
1. Repeal all or most of the Federal and State gas taxes on fuel.
2. No designer fuels, screw the EPA, only one type of fuel although the oil companies can still use additives like detergents and so on if they wish.
3. End ethanol subsidies the way it is now. Ethanol “eats” into our food supply. Corn is for eating. I know there are ways to get it from waste products, that will continue.
4. Biodiesel, good idea but let private people and industry work on it.
Long term:
1. Flat tax on all oil (really all corporations) of 10% of income.
2. Drill ANWAR, offshore, through the head of a Caribou, wherever. (3)
2a. Stop those dang Cubans and Red Chinese from slant drilling off of Florida, they are stealing our oil. Use military force if necessary.
3. Build more clean coal and atomic power plants. Solar and wind power are OK if you want to live off the grid but for large applications they fall short.
4. Build more refineries.
5. Develop oil shale and sands.
6. Charge Mexico 2 barrels of oil per illegal here per day. (Michael Savage is right)
7. Charge Iraq for saving them, maybe 10% of their output, don’t want to be too punitive yet we should get something.
8. Use coal to make fuels, if the Weimar Republic and the Nazis could do it, why can’t we?
Longer term borderline Star Trek solutions:
1. Let car companies make fuel celled vehicles that use current fuels more efficiently, hybrids, and so on, let the free market decide.
1a. The hydrogen economy is more of a bust and uses more energy than it saves, it will not work.
2. Work on atomic fusion, although it has “always been 30 years away.”
Appendix
1. Oil, coal and fossil fuels are the only easy and more economical way to provide energy for our civilization. Although we should research into other means like fusion, fuel cells and the like, but the payoff for these “Star Trek” technologies is years away so our current system, right now is the only viable alternative. Rush Limbaugh is correct, “oil is the fuel for freedom” (and just about anything else)
2. Taxing windfall profits of the oil companies is not the answer. I don’t see them as evil or good, they have a job to do, provide fuel for our society. If we tax them more, it will slow down exploration for more oil and they will just pass the cost onto us.
3. To the environmentalists out there, I’m not trying to be mean or nasty, but it is a fact of life that our society and world mainly runs on oil and coal. We need to tap the oil we have right now, we have little or no choice. We can use these fuels more efficiently and cleaner than we had in the past.