Contact your Congress critters to let them know that you are tired of high gas prices.
Posted on 07/06/2008 8:32:09 AM PDT by safetysign
You would think that this story is right out of science fiction. But the facts appear to be that the US Democrat-controlled Congress intends to destroy the Republican middle class with $11 per gallon gasoline.
The Democrats’ base -- wealthy white “limousine liberals”, and very poor people -- won’t be harmed, but the families who live in suburbia will be devastated.
The multi-millionaires like billionaire Senators John Kerry & Jay Rockefeller, financial speculator George Soros, filmmaker Michael Moore, and actors George Clooney & Meg Ryan can easily pay for their auto and private jet fuel. Poor people are forced to take public transit.
Here’s the reasoning behind the move.
The so-called “Global Oil Crisis” is an invention of the US liberal ruling class, which has successfully managed to export their disastrous ideas worldwide. Oil supply and demand has been on knife-edge balance for years. With the growth of the newly well off Chinese and Indian car-consuming populations, oil consumption has been rapidly increasing in the developing world even as it has been dropping in the US. No wonder India and China, with nearly half the world’s population, refused to sign on to the Kyoto “global warming” treaty.
Cheap energy -- and specifically oil -- is what made America the powerhouse of the 20th century. When gasoline was $1 a gallon in the US, it was $2-3 a gallon in high-tax Europe. Low US excise taxes enabled the country to grow and our vast middle class to prosper. Even today, the American consumer is paying $4-$5 per gallon of gasoline while his European counterpart is paying $10-12.
To meet this new energy shortfall, economists would assume that the rational market would increase the supply of oil and other oil-substitute energy supplies. But they would be wrong.
First, US the anti-nuclear lobby got the nuclear power industry banned from building new safe and clean fifth-generation power plants, abandoning the field to countries like France, which runs its super-fast trains on nuclear plants scattered throughout the country. In fact, fully 90% of France’s electricity comes from 59 non-polluting “carbon neutral” nuclear; they also recycle 99% of the spent fuel into new fuel using a breeder reactor at the La Hague chemical complex. We don’t do this either.
Next, the eco-greens got the drilling for new known American oil reserves in the barren wasteland of the Alaska ANWR’s near-coast sites, and along the east and west-coasts of the continental US, and in the Gulf of America. Now China & Venezuela are set to start drilling off the coast of Cuba - but not Exxon or Chevron. They’re forbidden by law.
Then, the construction of new modern and efficient US-based refineries has been halted for 40 years. So there is a perennial shortage of heating fuel in the winter and gasoline in the summer. One hurricane can take out 5% of the nation’s refining capacity for months. A 5% shortfall can now easily cause a $25 price increase.
Meanwhile, the nation’s electricity generators, primarily fuelled by coal-burning plants, were forced to convert to natural-gas, previously mostly used in industry, agriculture and home heating. This has, in turn, driven the price of natural gas through the roof, from $3 per thousand cubic feet to over $11.
Finally, the hundreds of older existing oil fields and pumping derricks were closed and not allowed to re-open due to “environmental concerns”. California alone has scores of older fields just waiting to be re-opened to increase the US oil supply. And these could be re-opened in a matter of months, not years.
But wait, there’s more.
To make matters worse, Congress then mandated using a toxic and polluting chemical -- ethanol -- inefficiently converted from corn, to help alleviate the oil shortage. Corn farmers promptly sold their commodity to the highest bidder, the ethanol refiners. The price of corn-based foods, like cornflakes - and sugar, chicken, milk, eggs and beef has now shot up.
In the process, a minor supply-demand problem has been artificially legislated into a full-blown crisis. The stock market’s response has been predictable: down, down, down.
The liberal solution, of course, is for Congress to raise taxes, increase the fuel excise tax, and force industry to adapt wacky “carbon credit” schemes to line the pockets of the rich liberals who are capitalizing on the global warming scare by selling newly-invented credits, like Al Gore’s new company is doing. Wrong. This will stress the mostly-Republican middle class even more.
So what is the solution? What’s right for America is wrong for the limousine liberals. It’s simple, really. Unleash the supply-side forces of economics.
Open up domestic oil drilling immediately. Turn back on the older wells now capped off. Fast-track new safe nuclear power plants. Stop creating global food shortages by killing off corn-based Ethanol production. Waive the punitive duty on cheap Brazilian sugar cane ethanol. Plant lots of domestic switchgrass for cleaner & cheaper ethanol manufacture. Begin a crash construction program of 50 new advanced nuclear power plants nationwide. Stop burning up natural gas to generate electricity. Build new clean coal-burning electric power plants nationwide (China is turning one per week for the next 5 years), and construct coal-to-oil conversion plants. The Germans were doing this in WWII. Alternative-energy sources like cheap 4th-generation solar panels will ramp up as their prices continue to fall.
In other words, return to the old policy of cheap domestic energy that has made America the powerhouse (pun intended) that it once was. The US will become oil-independent of our enemies whose treasuries are now overflowing with a flood of newly-printed dollars we’ve been using to pay our oil bills with, and the dollar regain its strength as the world’s reserve currency.
And the irony? All of this can be done now with results beginning in 90 days, and using new super-clean super-efficient and environmentally-friendly technology. The result: oil will drop down to well below $100 per barrel and the economy will once again boom. If France and China and Brazil can do it, why can’t America? Why not indeed?
Oil sells for $145 per barrel mostly because of artificially-created supply-side shortages. A small part of its price is also determined by speculators and uncertainty over a future cut-off of oil from the middle east that a war with Iran could cause. Assuming that Iran’s nuclear bomb program is destroyed by Israel this fall -- with or without America’s help - look for oil to spike up to $250-300. And 40 years of congressional bumbling will be the cause.
Contact your Congress critters to let them know that you are tired of high gas prices.
Again!
This has been posted. Yesterday and the day before. Over and over.
And 40 years of congressional bumbling will be the cause.
:::::::
Washington, and specifically its LIBERAL CORE, are bringing America down. If it is to happen, THEY will be to blame and maybe it will be severe enough to finally put an end to these treasonous, socialist, power-mad liberal fools who, somehow, think that they will be empowered by it all — they forget that socialism and its perverted power, can pay for itself. These moron madmen are in for a surprise.
And where are the Republicans?
Remember when Reagan bankrupted the Soviets?
Looks like they're getting their revenge!
Anyone who thinks they are going to tax their way out of this energy problem is a fool, and a very dangerous one at that. We need to begin to open up these areas in Alaska and the coasts to oil exploration, along with a major expansion of nuclear power combined with ramping up our ability to refine petroleum product. Do away with the corn based ethanol subsidy and remove the tariffs being placed on foreign cane based ethanol. The solutions are all within our reach and could be obtained. This has gone well beyond a question of what's good for the environment. What good is clean air if your pushing up daisies after freezing to death from lack of heat?
Unless you are an administrator why don't you just not open this article up when you see it, and STFU. I really get tired of posting police. You guys are as whiny as liberals and you act as if a re-post is a personal attack on you, when in reality you simply want to control what other people do.
Once again, my solution for all of you busy body posting police is simply don't read threads you have already read. It will help keep your blood pressure, and mine when I don't have to read your carping dumba** comments on how many times an article has been posted, down to a safe level.
Ignore it.
The SWHTF before that. With crude at $300 fuel in most of Europe will be around $30 - $35 a gallon. In other words, too much. Here in the US that price will have diesel at $10 to $12 or more. And that is simply too much.
As the cost of fuel to move goods around approaches the $11 gal level, it will be so far out of sync with the rest of the business model that everything will began to stop moving. No food delivery, no medical supplies, no building materials, no corn for ethanol, even the gasoline and diesel itself, etc. When that starts to happen, the liberals/socialists/communists will demand emergency procedures and the enviro-whacks will be dumped by the commies around the world.
Then drilling, pumping, uncapping and new exploration will get kicked into high gear. No matter what some communist congressman has to say. No mater what the "environmentalists" blather on about. The demand from the world population will be the Petrochemical companies have a free hand in producing. Any way, any time and anyhow they choose.
In fairness to “safetysign” and I know this article had already been posted because I posted it; but the search engine is, for whatever reason, not working.
If you input the title of this article into the search engine, NOTHING comes back.
Have a good Sunday, all!
I'm off to Mass to pray for my fellow Marines, Soldiers, Sailors & Airmen.
It’s true, the search has failed.
Marxism has nothing but contempt for the middle-class, the bourgeoisie.
Our mediadolts might want to consider what happened to the intelligentsia under communism. They were held in slightly more contempt.
~Used like a kleenex, but eventually snuffed.
Very well said calex59.
Oddly enough, I think they can do more from a minority position as opposed to a majority one.
Amen. I often see interesting articles on the second or third post that I missed earlier.
It’s not only the price of gasoline at the pump that will go up. Innumerable products are made from petroleum derivatives. And every product has to be shipped to the store - by truck.
The Democrats have more tricks up their sleeves to wreck you economically than just high gas prices. If Obama wins in November, liquidate your assets and put the money in offshore banks.
more commentary:
http://www.freerepublic.com/focus/f-news/2040782/posts
http://www.freerepublic.com/focus/f-chat/2040746/posts
http://www.freerepublic.com/focus/f-news/2040954/posts
Actually, they are incorrect in saying that the poor will not be harmed by high oil prices. In fact, the poor will suffer terribly with high oil prices, because it will drive the price of everything else up, especially food, but even alcohol, tobacco, legal and illegal drugs. The foolish and desperate poor will try gambling and crime to make the money they need.
The poor will be faced with having to make basic survival choices, such as eating, or getting vital medicines (though Wal-Mart is a godsend to the poor), or paying their rent, or buying their children clothing, etc.
But the Democrats think the poor are too damn dumb to realize it, as well as their own supporters who might actually care for the poor.
Charities and churches that likewise support the poor will also be less able to do so.
So the end result of the Democrats hatred of energy is that lots of helpless, poor, and elderly people will suffer horribly. But the Democrats do not care, because the helpless, poor, and elderly are just “collateral damage” of their philosophical-religious war. A war that they want to win at all costs, no matter who they hurt.
As Joseph Stalin taught, you can break a HELL of a lot of eggs, and still not make anything near an omelet. But he didn’t care, either.
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.