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Posted on 05/22/2008 5:31:41 PM PDT by Kaslin
Energy: Senate Democrats, dragging executives from five major U.S. oil companies before them for a second day, say they're alarmed by our "failed" oil markets. What they should be is ashamed.
Others concluded that this must be a market problem. "We need to get prices under control," said Sen. Herb Kohl of Wisconsin. "We can only conclude that the oil markets have failed."
Well, markets have failed. But the failure is due to Congress' refusal to let oil companies drill on federal lands, thereby cutting sharply into our supply of crude as world demand grows and prices soar both here and abroad.
Congressional ignorance of basic laws of supply and demand is at once bizarre, breathtaking and frightening. For example, the American Thinker Web site this week took note of a speech delivered by New York Democratic Sen. Chuck Schumer on May 13. In it, he urged the U.S. to force Saudi Arabia to pump a million barrels a day more of oil — which Schumer claimed would slash the price of crude by $25 a barrel.
(Excerpt) Read more at ibdeditorials.com ...
Sadly the Sheeple will not hear these truths.........
No sh*t!
They have not failed! I can buy as much as I want.
I may not like the price, but the fuel is out there
on most every street corner.
Those who claim this lack basic economic knowledge!
Because the Dems want to financially choke American citizens. They don't care how "pristine" the ANWR is.
How does a market fail? Oil is bought and sold. Just because we don’t like the price doesn’t make it a failed market. That thinking is arrogant and dangerous.
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Watching this go on just makes me sick to my stomach! If these Congressmen want to know why the price at the gas pump is so high, they have only to look in the mirror. No drilling in ANWAR, no drilling in the Gulf or off the coast, no new refineries, no wind power, no new nuclear plants, no, no, no!!! Boy, people deride conspiracy theorists, but how much more of this kind of stuff has to go on before people start to seriously wonder if they’re right?
This, from a politician, is hypocrisy.
Even more sadly, I doubt that they ever will. They talk about the "Greatest Generation". I believe we're living in the dumbest generation. My niece just graduated magna cum laude. She's a sweet and kind girl, but politically and economically, she's an imbecile. It's so very sad.
I wish these oil company executives who grow a pair and tell off these ahole windbag senators.
“Senator, the American people are paying record prices for gasoline because, for 30 years, you and your corrupt, pathetic, clueless colleagues have been taking campaign contributions and marching orders from a bunch of anti-American, left-wing tree hugging communist moonbats. If you want to see who’s responsible for high oil prices, senator, park your fat ass in front of a mirror and take a good, hard long look. You and the ecofreaks you’re in bed with refuse to drill for oil off the coasts of California and Florida, you refuse to build oil refineries, you won’t build nuclear power plants, you won’t extract natural gas from the ground, you won’t drill in ANWAR, and then you left wing morons wonder why America has an energy problem?
The whole lot of you bastards should be in prison for treason.”
This is the speech the oil company executives should give.
And while they’re at it, the oil companies should be running public service announcements on radio and television saying much the same as I quoted above, as well as full page newspaper ads.
....just more evidence that the Government in Washington is seriously broken.
The people at DU think that the oil companies don’t want to build refineries because then they won’t be able to have those record profits.
I heard something that their profits were 8%,9% for this quarter or year and Apple had profits of 13% and Google had 25% profits. Sounds to me like they aren’t making blockbuster profits.
In one breath, Chuckie Schumer says if OPEC increased supply by 1 millions barrels a day, the price will drop $25.
Didn’t I hear him say today (yesterday), that if we opened ANWR, we would only get 1 million barrels a day, a drop in the bucket, might affect prices by only 1 penny. Did I hear that?
So how does 1 millions barrels from OPEC drop the price $25, but if it comes from ANWR it only affects it 1 cent?? More liberal logic.
Cogress is the problem! Their only purpose is to protect our life, libery, and hapiness, but they have put our economy and wellbeing under the control of the arabs! We need a complete turnover of congress to get rid of enemy sympathizers such as Schumer, Lahey, and that dope from Michigan with the specs on the end of his nose whose name always escapes me.
Like Neil Cavuto said yesterday in his Common Sense editorial. The oil company EOCs should be drilling the congress critters and the Senators and not the other way around
Ain’t no way I would sit and listen to those puffed-up, arrogant know-nothings in congress, be they dem or rep, talk to me that way. From where I sit, congress itself is the single biggest reason for crude oil being at these prices ($130 and rising). As soon as someone is elected to congress, they get the mistaken notion that they are then an expert on everything.
You have no doubt noticed that polar bears and caribou are completely non-existant in the OPEC countries. Not to mention there are no spotted owls as their once lush, old-growth forests were clear cut for oil field exploration.
Do you really want that to happen in ANWR?
< /sarcasm >
Instead, they're running "green" ads about wind and solar power. They well know there's a sucker born every minute.
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