How can Jeanne Shaheen insist that depleting a 700 million barrel fixed supply of oil into an economy that uses about 20 million barrels per day will really help the middle class, when the same Jeanne Shaheen insists that drilling new domestic oil will not? If it’s such a great idea to deplete the Strategic Petroleum Reserves–which might save us 4-5 cents per gallon for just a few months–why won’t adding up to 70 times as much oil per day, for 50-75 years help even more? I’m not good with math. Does that mean that the next time Jeanne and the democrats want to add some 5 billion dollar program to the budget every year for the next 50 years that we can say, hey wait! You know what? There’s this 3 million dollar plan that expires in 4 months that will work out a lot better.
More Left handed math.
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The only energy or oil monopoly in this country is a governmental institutionalized monopoly on our country energy market. The legislative branch has been engaging in anti-competitive energy practices from drilling to building new refineries and much more. They are in clear violation of the
“Sherman Antitrust Act
This Act expresses our national commitment to a free market economy in which competition free from private and governmental restraints leads to the best results for consumers.” http://www.usdoj.gov/atr/contact/newcase.htm#file
Clearly the governmental restraint are in violation of a free market economy and is criminal negligence on the part of the liberal politicians who are the real cartel that profit in taxes more then 3 to 1 to the oil companies that actually work for their money and then have to pay taxes on top of that. So when Oil profits go up the tax revenue increase is 3 times that of the oil companies. So who do you think is the real cartel???
This criminal incompetence of the democrats and legislative politicians anti free market energy economy in allowing American companies to meet American Oil needs is in need of change and with bush opening up offshore drilling it is time that we conservatives take a page from the left wing play book and for us to us the judicial system in upholding our laws and open up drilling.
Why dose the Senate call for investigations on big oil? Because they are trying to transfer the blame off of them by placing the blame on someone else. By placing the blame on the oil companies and keep people from seeing that government is the true problem they are able to offer false hope in an effort to gain more power and money from taxes while eliminating a free market economy in our country and forcing us to send our money to unfriendly Middle Eastern countries.
Why should we drill?
1) Create more high paying jobs for Americans
2) Become energy independent and stop sending $700 billion to middle eastern countries that support terrorism
3) Invest the $700 billion in America
4) $700 billion is 6% of the yearly US economy, and investing this in America would do what to our economy? Lower inflation and strengthen the US dollar?
5) Instantly drop the price of oil because oil Speculators like me would invest in commodity producers that provide the product like Exxon, Chevron, BP, Shell, because this is the smart investment. When Oil Speculators transfer investments the Oil price falls on the stock market.
Great post. And thanks for the link.
If you get time click “Energy” on my catagories column and browse the dozen or so posts I have there so far. I think you’ll find we agree on all the points you have made.
Appreciate your bringing up the Senate hearings. I have made the inference but never directly.