Posted on 02/20/2008 5:40:45 PM PST by Loud Mime
Energy: A refinery burns in Texas while politicians fiddle in Washington. As oil goes over $100 a barrel, we don't have to worry about Hugo Chavez restricting supply. We have the Democrats in Congress to do that.
Suppose you had a ton of money sitting in your bank account but you decided to max out your credit cards anyway. That's the energy policy of the United States as fashioned by the Democrat-controlled Senate. At these prices, we have a trillion dollars worth of oil sitting under a section of frozen tundra the size of Dulles Airport near Washington, D.C. We could go get it.
Instead we prefer to shovel billions of our dollars to thugs like Chavez while the same politicians who lock up our domestic energy praise him when he offers "cheap" home heating oil to states in the Northeast.
(Excerpt) Read more at ibdeditorials.com ...
Government overtaxation, the monopoly of oil based fuels, speculators, and the third world dictators we buy oil from.
The Demoncrats and the Environidiots.
That’s who!
BRAVO!
We need modern refineries. The democrats blocked legislation that would have allowed a refinery for production of only military fuels, which would have freed up oil for civilian purposes.
They need to stop their economic vandalism and work for the United States instead of their party.
It’s a commodity. Like gold. And silver. And pork bellies. And cocoa. Mmmmmm! Cocoa!
Gold is at: $940.50/oz.
Silver is at: $17.86/oz.
Mama Like! :)
Keep up the good work, ‘Rats! Your fumbling and bumbling, caving to the EnviroWackos and general obstructionism where the Economy is concerned is making me one wealthy Conservative woman. :)
US Congress excellent National Energy Policy and our great friends the Saudis’.
I know who.
He was last seen stuck in a traffic jam in Mumbai in a new Lexus.
How much does it currently cost them to retrieve it?
The imported oil is at $100 a barrel, yet the domestic gets the same price?
That is a minor reason for the sharp increase.
The primary reason is supply and demand.
China and India led the rest of the world in new oil usage, in fact the rest of the world now uses more oil combined than the US does.
Capitalism and competition are causing the sharp rise in oil costs. Plus the unease in the middle east.
No drilling in ANWR, No new refineries, No lifting of environmental regulations, No tax breaks.
Sad. But obvious.
its a peak oil
However, more recent research using advanced high-pressure thermodynamics has shown that the pressure and temperature conditions of the mantle would allow hydrocarbon molecules to form and survive at depths of 100 to 300 kilometers. Because of the mantle’s vast size, its hydrocarbon reserves could be much larger than those in Earth’s crust.
http://www.eurekalert.org/features/doe/2005-08/drnl-tsf082205.php
Of course, it hardly needs to be said that oil companies don't pay taxes, their customers pay the taxes. Right there at the pump.
And "alternative energy research and infrastructure"? Why do you think the oil companies are starting to call themselves "energy companies"? Alternative energy is still energy, it still takes expertise and investment capital, and guess who will be right in the middle of it.
The same cast of characters. Obama can't make energy, energy people do that. Burn oil or burn corn or build solar plants and you'll find yourself dealing with the same folks, because they are the ones who have devoted themselves to that line of work.
Guys like Obama, Clinton, et al, are shake-down artists. They'll tell you they are standing tough against Big Oil, but their hand is in your pocket.
All I know is that the price of oil is tracking with the price of gold and silver. When oil goes higher, so do the others.
It works the same way here in WI with gasoline and milk & butter. Since there was a spike in oil prices this week, I know I’ll get screwed on milk & butter.
I don’t make the rules...I just invest around them. ;)
I was waiting for you to ask that very question. I just happen to have this chart here that explains the costs.
;^)
I do believe it is time we sue all the GD greenie outfits that block the legal drilling and tie them up in lawsuits for the next 50 years. Make it as painful as possible to them.
They get the public to believe that the energy companies are NOT working on alternative sources. A friend tells me that every company is working on the next technology; it will mean BIG bucks and they don’t want to be left out.
Of course, if you tell a liberal of that fact they’ll want nationalize the new industry for the sake of the nation.
If I’m in europe I can buy 1.5 dollars for everyone one of my Euros. I can get my gas cheaper than you. A lot cheaper. Oil’s $100 a barrel because the dollar is worth less, not because the oil is worth more.
Not going to work to blame this all on the Democrats. Blame it on greed, pure and simple. It’s no coincidence that the top oil companies have reported record profits for the last several years.
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