Posted on 07/30/2008 12:59:11 PM PDT by DallasBiff
Last update: 2:06 p.m. EDT July 30, 2008 WASHINGTON, July 30, 2008 /PRNewswire-USNewswire via COMTEX/ -- Speaker Nancy Pelosi released the following statement today in response to remarks by President Bush on energy this morning at the White House: "The President knows, as his own Administration has stated, that the impact of any new drilling will be insignificant - promising savings of only pennies per gallon many years down the road. Americans know that thanks to the two oilmen in the White House, consumers are now paying $4 a gallon for gas. But what Americans should realize is that what the President is calling for is drilling as close as three miles off of America's pristine beaches and in other protected areas. "The President has failed in his economic policy, and now he wants to say, 'but for drilling in protected areas offshore, our economy would be thriving and the price of gas would be lower.' That hoax is unworthy of the serious debate we must have to relieve the pain of consumers at the pump and to promote energy independence. "Today, the New Direction Congress will vote on legislation to bring down gas prices by taking crucial steps to curb excessive speculation in the energy futures market. The President himself could lower prices by drawing down a small portion of our government oil stockpile, the Strategic Petroleum Reserve. SOURCE Office of the Speaker of the House
(Excerpt) Read more at marketwatch.com ...
How right you are. W should grow a pair and call her bluff. 69% of Americans are for drilling. Nancy is just afraid the US might get ourselves out of a problem. She would rather us go down the tubes.
If the RNC had an ounce of sense, it would be all over this issue, as would all GOP candidates. Are you listening McCain?
Hey 9% Nancy!
ECON 101
1) Increased domestic production reduces oil imports.
2) Reduced oil imports reduces the trade deficit.
3) Reduced trade deficit strengthens the dollar.
4) Strong dollar lowers world wide crude oil prices.
Class dismissed!
Pelosi knows EXACTLY what she is doing.
She KNOWS the Old Media will report her words as truth and then in turn they will write pro-evirowacko propaganda to conform to her words.
Pelosi can say the world is made of caviar and the old media will agree and the voters will vote for her.
If Ms. Nancy Partisanship thinks Bush’s plan is a hoax, then how come his executive order has dropped the price of oil better than $20?
What plan of the House or the Senate has done better? Time for the politicos to quit sputtering, get back to work and pass a resolution authorizing “Drill Here, Drill Now!”
Too bad Reid and Pelosi don’t have any interest in $$ relief for the taxpayers — just only themselves.
This is a much bigger issue than $4.00 - $5.00 per gallon gas.
As we approach (and exceed) 70% imported oil, the amount of money flowing out of the U.S. to our enemies is outrageous... now approaching one trillion dollars per year.
Most important, though, is national security. One knot-head in the middle east or South America can decide to halt shipments for a while and we (everyone in the U.S. except the congresspeople, I expect) will be brought to our knees.
Everything from manufacturing to transportation to food will not only be terribly expensive BUT IN SHORT SUPPLY when that happens. Remember the Arab oil embargo of the 70’s... the rationing... the waiting lines...? I sure do.
The Strategic Petroleum Reserve (it’s called STRATEGIC for a reason, Madam Speaker) contains enough crude for about 70 days of U.S. consumption in an emergency. What then, Madam Speaker?
No more of the “it’ll take ten years” stuff. That’s what you said ten years ago... and look where we’re at now.
As far as ANWAR drilling, let’s start YESTERDAY! How many visitors a year go to this swamp land? Even the locals say drill and drill now.
Madam Speaker, quit blocking the vote of the drilling proposal and bring the issue to the floor. Allow a vote NOW! The consequences of your actions will be your legacy.
So let’s see — the Democrat’s plan is pennies per gallon — and there are 40 gallons (roughly) of gasoline in a barrel of crude. Could we then say that the pennies per gallon might translate to maybe $4 per barrel?
That’s a pretty lame argument since Bush just signed an executive order and it effectively brought the price of crude down $20+ — mainly by scaring the speculators.
I’d still like to know whether or not Reid and Pelosi have any money invested in those hedge funds. If they do, then about the time that they get their money out, they’ll allow resolutions authorizing drilling offshore.
IMO
She’s probably call them out of order and have the sgt of arms escort them out of the chamber.
Nobody ever accused her to playing fair. She is one mean politician and I’m being extremely generous.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
But how do you really feel about Pelosi?
LOL
She ain’t no lady...
Of course she would rather have us go down the tubes. The faster and further we fall, the easier it will be for the libs to implement their elusive socialist “utopia”.
Pelosi and her ilk are the enemies of liberty. Anyone who is paying even a little bit of attention and that understands the concepts of freedom and liberty should easily be able to see this.
5 cents per gallon
equals
1 dollar per 20 gallon tank.
equals 2 dollars per week for filling two family cars once per week.
equals 104 dollars per year for a family.
104 dollars which could pay for medicine for a child, start a college fund, or go to something other than gas taxes.
Perhaps 2 dollars per week could be the allowance for a 10 year old. Nice going nancy pelosi, you are stealing money from the piggy banks of 10 year olds.
Now try the same analysis with shipping costs where a single penny per gallon can cascade to being profit or loss.
Somebody help me here:
If President Bush decided to draw down the petrolatum reserve, how would he do it? I assume he would sell it to the oil companies, but at what price? The price we taxpayers originally paid for it when it went into the reserve or the market price now?
If it is the market price now, how will that affect the price of oil?
If it is the original price, is not that a taxpayer giveaway and will it not result in much higher profits for the oil companies?
Could the profits from the sale of the SPR oil be used to pay down some of the national debt (or at least my tax bill)? Could the profits be used to put off shore drilling on a fast track? Or build shelters for the caribou and polar bears in ANWAR?
....Bob
I like the idea of selling the SPR oil on EBAY!!! /sarc
Failed Speaker.
New Direction Congress. Zero Accomplishments. Year 3.
Pelosi:
“Democrats have a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies, and increasing production of alternative fuels.”
MAN... They sure fixed those high prices, didn't they, yuk, yuk!
A display of ignorance of this magnitude doesn't speak well for the notion of women holding high offices of responsibility and importance to the nation.
She’s working toward a -9 approval rating for congress
This is lie on so many levels it's hard to start
Republicans have to convince voters that a vote for Pelosi’s gang is a vote for $10 a gallon gas.
I have my letter to the editor ready to go...
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.