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POPSDemocrats And Gasoline that they must have some gall to criticize creationism when they in fact subscribe to its economic equivalent. But as I wrote last week, I don't really think they are this ignorant. They're providing a rhetorical distraction to the fact that they want high gas prices, probably higher ones than we have right now. Meanwhile, in order to deflect and even harness consumer anger in the political arena, they can send out Chuck Schumer to put on this dog-and-pony show about the phantoms that are secretly directing the economy from behind closed doors. It's a smokescreen. As an energy consumer, you should be a lot more concerned about what Democrats are doing in the open Senate chamber. The gas crisis finally hit Capitol Hill with full fury this week, and Senate Democrats have launched a plan that sounds ambitious: Take on Wall Street speculators, OPEC, price gougers and Big Oil. http://www.politico.com/news/stories/0408/9967.html
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POPSYet Another Reason for Alternative Energy It amazes me when Bush talks about how committed he is to national security - with middle east countries being the biggest targets - but does nothing to reduce our reliance on oil. Bush continues to rely on countries he considers part of his "axis of evil" when he does nothing to further research into alternative domestic energy sources. His answer - let's try to drill for more oil here while maintaining a military presence in the middle east that's costing this country billions and ultimately trillions of dollars. No dumb ass, if you invested even a tiny portion of what you've spent on "securing" Iraq, on a domestic alternative energy policy, we wouldn't be in the economic trouble we're in today.
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POPSHolding Liberals Accountable For Energy Woes
In essence, an artificial “monopoly” has been created among the member nations, whereby they can unilaterally determine what the rest of the world will pay for its energy needs. But for this monopoly to survive and thrive, it requires the defacto cooperation of all other parties involved. Perhaps the most infuriating aspect of this situation is that such “cooperation” is effectively coming from the Democrat controlled Congress of the United States. In a sinister sense, America is officially refusing to increase the world production of oil, thus strengthening the OPEC monopoly and its ability to deliberately inflate the price of crude oil. By stubbornly refusing any consideration of exploring, drilling, and thus expanding American oil production, House Speaker Nancy Pelosi (D.-CA) and Senate Majority Harry Reid (D.-NV) along with their Democrat political machine in Washington, are effectively forcing the entire American oil industry into the role of collaborating OPEC members.
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POPSHow The Greens Captured Energy Policy Other aspects of the Green argument have also collapsed. New discoveries off Brazil and in the Gulf of Mexico have nearly doubled international oil reserves, pushing backwards from the "peak oil" date. And global warming, that notorious by-product of "oil addiction," has faded to the point that its advocates are now reduced to threatening dissenters with prison. It has gone almost completely unacknowledged that with oil shale, offshore deposits, and new resources such as the hydrocarbon sludge deposits off B.C. and Alaska, the OPEC of the late 21st century is going to be right here. That's a goal worth working toward. Breaking the power of the Greens is yet another possible benefit. Energy reform is an egg and rock situation for the Democrats. From the old Irish proverb: "When the rock hits the egg, alas for the egg. When the egg hits the rock, alas for the egg."
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POPSOPEC Warns of Oil Prices if Iran is Attacked Prices on gas would likely more than double--again! The talk alone has been bad enough on oil prices. Iran will not attack anyone unless they are attacked first as their history proves. Americans will be economically destroyed if war with Iran is ignited since OPEC says it cannot make up Iran's production. Please, someone put a chain leash on the Israeli pit bull and lock up the present administration as well. The war talk over Iran has already sent gas prices up 20 cents this week.
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POPSIraqis lead final purge of Al-Qaeda My goodness....more good news. I guess now that the reports of success are increasing the Media will have to double up on the bad news of OPEC and high gas prices.
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POPSBye bye driving CIBC World Markets has projected $200/barrel oil prices by 2010. Even Wall Street is recognizing that the party is over.
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POPSSolution? $2 Gas in 30 Days if Congress Acts Tell them to do it! Legally limiting financial speculation (oil future's trading) by government regulation would send oil prices down to levels based upon physical supply and demand they claim. One only wonders if this would overcome the devalued dollar which also drives prices up. But they should do it immediately! The argument of these financial analysts says that the propaganda about needing increased supply is wrong and that OPEC and Ahmadinejad's analysis is correct that supply is not the problem.
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POPSAhmadinejad on Oil Prices--"Unwarranted", Supply is Fine Before OPEC he calls prices unwarranted and manipulated and that speculators, weak dollar, and "geopolitical" issues (i.e. war-mongering in the middle east) are driving it, and even political purposes are behind it. Supply is not the problem. Meanwhile, the US and EU are increasing sanctions on Iran, which is stupid, since they are the 4th largest exporter of oil in the world. He added that “the dollar has already lost 15 percent of its value ...Since oil is priced in dollars , producers have had to increase prices in part to offset losses when converting that money into local currency.”
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POPSThe Failed Environmentalists' Bans The editorial, "How to cut foreign oil imports" by the Sarasota Herald-Tribune is a masterful piece of propaganda straight from Barack Obama's talking points. How about we continue to do what the environmentalists want, even though it hurts us economically, but also do the following: What if we lift the ban on drilling for oil in ANWR, the Outer Continental Shelf and the Gulf of Mexico? What if we explore and drill for our own oil at a greater pace? What if we begin mining the trillions of gallons of liquid oil contained in the shale in the Bakken Formation? What if we build new refineries to produce more gasoline? If we did these things we would increase supply! When you increase supply the price comes down. We would stop sending our money overseas and create jobs and wealth here in America rather than in Saudi Arabia and Iran. We would stop being held hostage to the whims of OPEC. We would stop supporting Communist regimes like that of Hugo Chavez.
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POPSA Clear Majority Of Americans Want To Drill Here Al Gore, philanthropist, Climate activist, and winner of the Nobel Peace prize, is the single greatest advocate in the war against humanity. Millions of innocent lives, people whose only crime is being poor. We need to protect not only others wellbeing, but our own freedoms, our own rights. We need to defend ourselves from Eco-Terrorist ideas, perpetuated by cheap theatrics and scaremongering. We need to defend ourselves against Eco Evangelist Al Gore. Energy Independence: President Bush asks Congress to lift the 1981 drilling ban on offshore oil. The no-drill Democrats will call it flip-flopping. We call it change you can believe in. The Democratic response to Republican determination to end our dependence on foreign oil has been to call for more taxes on oil companies and to pressure, even sue, OPEC. A group of 10 Democratic senators on Tuesday called for Bush to file a complaint against OPEC. http://www.smartgreenusa.com/
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POPSADDITIONAL DRILLING NOW, BENEFITS IN 5YRS With total world consumption near 90million barrels a day, an additional 1-2 million barrels/day from the USA will not affect the world 'spot' market price. Nonetheless, we should drill and encourage other non-OPEC providers, i.e., Canada and Mexico... our current top 2 of foreign oil suppliers, to similarly boost production. With such added production from 'friendly' suppliers, the world 'spot' market price will fall. Moreover, the 'spot' market has been used to drive prices up although 90% of all oil is contracted to oil majors at much lower prices, yet, who conveniently use 'spot' market prices to value/sell all oil thus producing the 'windfall' profits of oil 'bigs' the last few years.
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POPSSound Bites And Sloganeering Just Won’t Cut It Anymore even including such environmentally sensitive countries as the United Kingdom, Norway and France—to limit oil and gas exploration to this extent. Gulf of Mexico that hold billions of barrels of oil and gas are inaccessible for purely political reasons. Appeasing Florida’s real-estate and tourism industries has been more important than U.S. energy security. In addition, politicians throw red meat to the crowd by promising to punish the oil industry for its huge profits, overlooking the small problem that much of this profit is not even made in the United States. In fact, it is not the oil companies, but producing countries like Venezuela, Mexico, Iran and Russia that are provoking the pending production crunch through lack of investment. National oil companies now control nearly 80 percent of worldwide reserves, leaving major Western multinationals with full access to only 6 percent.
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POPSU.S. Economy Teetering House Of Cards Thank The Bush Administration's Following The Global Elite's Order To Invade And Occupy Iraq. This Is Their Plan To Bring America Down. Read Ron Paul's New Book, Revolution. Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of <http://www.amazon.com/exec/obidos/ASIN/0307396061/counterpunchmaga>The Tyranny of Good Intentions.He can be reached at: <mailto:PaulCraigRoberts@yahoo.com>PaulCraigRoberts@yahoo.com
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POPSBig Oil Tax Thank goodness there are a few left in the Senate that have brains.
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POPSThe Driector of the Commodities & Futures Commission Tells All on Gas Prices.. Watch this click and open it and learn how Phil Gramm and Enron swine criminals are behind these outrageous gas prices using artificial speculation to run up prices and McCain has Phil Gramm as his chief economic adviser..it's asymmetrical economic warfare against the American people and American economy..Gramm is also behind the UBS sub prime mortgage crisis as well McCain is an enemy of America's best interests..no longer a hero..but a cad villain and corrupt sleaze bag..!
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POPSGordon Brown Urges Increase In Oil Production A source at Opec said its 13 members were uncomfortable with the current price of crude, which last week hit a record $135 a barrel. Based on present supply and demand, he said it should be fetching $60-$70 a barrel. Saudi Arabia said it would increase production.
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POPS Inconvenient Truths About Oil by imports, which now account for 75% of our needs. So much for the pledge to make America independent of unreliable foreign sources. What went wrong? Of natural crude, we have large reserves off the coasts of California and Florida. America also has additional reserves in the Gulf areas, from Florida to Texas. In Alaska, both onshore and offshore, we have large areas of proven reserves. In the mountain Western states, large amounts of oil are available in the shale rock formations. The conversion of coal to oil, a technology available for over 100 years, remains another untapped resource. While this 86.3 billion dollar legislation does tell the auto makers how to build cars, tell us that we can’t buy incandescent light bulbs after 2012, and demand that we continue to use 1.25 gallons of gasoline to produce 1 gallon of ethanol (subsidized by us of course); it does not result in one new gallon of gasoline, or one watt of new electricity.
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POPS Your Car Can't Run On Congress' Hot Air: Mark Steyn substantial, and reasonably foreseeable effect on the market, supply, price or distribution of oil, natural gas or other petroleum product in the United States." Er, OK. But, before we start suing distant sheikhs in exotic lands for violating the NOPEC act, why don't we start by suing Congress? After all, who "limits the production or distribution of oil" right here in the United States by declaring that there'll be no drilling in the Gulf of Florida or the Arctic National Mosquito Refuge? As Rep. Wasserman Schultz herself told Neil Cavuto on Fox News, "We can't drill our way out of this problem." Well, maybe not. But maybe we could drill our way back to $3.25 a gallon. More to the point, if the House of Representatives has now declared it "illegal" for the government of Saudi Arabia to restrict oil production, why is it still legal for the government of the United States to restrict oil production?
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