Senate committee once again says no actual oil price relief
Posted by CP at 5/21/2008 11:43 AM 
Categories: Race, Economics, alternative energy, war on the middle class, Mike Huckabee, Excessive CEO Compensation, Big Business, Attack on the middle class
Categories: Race, Economics, alternative energy, war on the middle class, Mike Huckabee, Excessive CEO Compensation, Big Business, Attack on the middle class
May 15, 2008, discussion on Colorado and Utah oil shale development. The Senate appropriations committee voted 15-14 strictly along party lines to not permit development of Colorado and Utah oil shale for production of trillions of barrels of Oil.
Guess which party voted against this. That's right the same party that cries of collusion among oil companies and the Bush administration. The same party that says "we will tax the big oil companies and take away their $18 Billion in subsidies and we will sue OPEC and Hugo Chavez." Because if we make it more expensive to do business, they won't pass it on to the consumers. Right? In case you haven't figured it out, it's the Dems.
Please someone ask the question, why do we need to beg OPEC to increase production? The answer is simple, because if the supply of oil increases above demand, the price drops. Shocking.
Here's another question. Why don't we do something about the trade deficit and develop our own sources of oil so we can export more than we import? Gasp! We can't do that! Why not? Because the same people saying we need more oil and lower gas prices are the same ones that won't let us drill our own. Does this make sense? It sure doesn't to me.
If we need more oil on the market, don't take the oil companies profits away let them invest it in America. Open 2,000 acres of ANWR's 18.9 Million acres to drilling and flood the market with oil. Drill offshore and extract the trillions of barrels of oil from the oil shale and flood the market with oil. Put OPEC out of business. We have no business suing OPEC, our courts have no jurisdiction over foreign governments and there is no world court. This is basic economics and world government, this isn't rocket science.
Plus the economic benefit is huge. Oil companies investing in American oil developments and hiring American workers to extract the oil decreases unemployment and increases American spending ability which brings in more tax dollars and more prosperity for all.
When will people open their eyes and understand this?
Guess which party voted against this. That's right the same party that cries of collusion among oil companies and the Bush administration. The same party that says "we will tax the big oil companies and take away their $18 Billion in subsidies and we will sue OPEC and Hugo Chavez." Because if we make it more expensive to do business, they won't pass it on to the consumers. Right? In case you haven't figured it out, it's the Dems.
Please someone ask the question, why do we need to beg OPEC to increase production? The answer is simple, because if the supply of oil increases above demand, the price drops. Shocking.
Here's another question. Why don't we do something about the trade deficit and develop our own sources of oil so we can export more than we import? Gasp! We can't do that! Why not? Because the same people saying we need more oil and lower gas prices are the same ones that won't let us drill our own. Does this make sense? It sure doesn't to me.
If we need more oil on the market, don't take the oil companies profits away let them invest it in America. Open 2,000 acres of ANWR's 18.9 Million acres to drilling and flood the market with oil. Drill offshore and extract the trillions of barrels of oil from the oil shale and flood the market with oil. Put OPEC out of business. We have no business suing OPEC, our courts have no jurisdiction over foreign governments and there is no world court. This is basic economics and world government, this isn't rocket science.
Plus the economic benefit is huge. Oil companies investing in American oil developments and hiring American workers to extract the oil decreases unemployment and increases American spending ability which brings in more tax dollars and more prosperity for all.
When will people open their eyes and understand this?
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