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  1. #1
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    The high price of oil is *whose* fault?

    Congressman Roy Blunt put together these factoids to highlight the differences between House Republicans and House Democrats on energy policy:

    ANWR Exploration
    House Republicans: 91% Supported
    House Democrats: 86% Opposed

    Coal-to-Liquid
    House Republicans: 97% Supported
    House Democrats: 78% Opposed

    Oil Shale Exploration
    House Republicans: 90% Supported
    House Democrats: 86% Opposed

    Outer Continental Shelf (OCS) Exploration
    House Republicans: 81% Supported
    House Democrats: 83% Opposed

    Refinery Increased Capacity
    House Republicans: 97% Supported
    House Democrats: 96% Opposed

    Bottom line:

    91% of House Republicans have historically voted to increase the production of American-made oil and gas.

    86% of House Democrats have historically voted against increasing the production of American-made o&g.
    Last edited by TMack409; 06-07-2008 at 04:59 AM.
    -TMack

    "Forgive everyone for everything"

  2. #2
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    Re: The high price of oil is *who's* fault?

    Whose*

    And those things have little to do with current oil prices. There are millions of things and people at fault for our current situation, not just Republicans and/or Democrats.
    Promote then, as an object of primary importance, institutions for the general diffusion of knowledge. In proportion as the structure of a government gives force to public opinion, it is essential that public opinion should be enlightened.

  3. #3
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    Re: The high price of oil is *who's* fault?

    1. Drill for oil
    2. Build refineries
    3. Build nuclear plants
    4. Conserve energy
    5. Develop alternative sources of energy

    Good luck with the first three.

  4. #4
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    Re: The high price of oil is *who's* fault?

    Quote Originally Posted by tucker View Post
    1. Drill for oil
    2. Build refineries
    3. Build nuclear plants
    4. Conserve energy
    5. Develop alternative sources of energy

    Good luck with the first three.
    Let me add "clean" coal fueled generating plants. The technology is there if we can just get by the out of date objections of the eco-nuts.
    FRH
    If more sane people were armed the crazy ones would get off fewer shots.

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  5. #5
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    Re: The high price of oil is *who's* fault?

    The solution to high oil prices is not "drill for more oil", but "get rid of oil". I'm reminded of a quote from a Futurama episode entitled "The Day the Earth Stood Stupid". (Synopsis to understand the quotation: Flying brains have rendered everyone on Earth stupider than usual, leading to a variety of disasters. On the newscast, the already dim reportress says the following.)

    One bad thing was a train got crashed in New Jersey. People won't be late for work though, because the governor lady said, "I'm sending in more trains!"
    Promote then, as an object of primary importance, institutions for the general diffusion of knowledge. In proportion as the structure of a government gives force to public opinion, it is essential that public opinion should be enlightened.

  6. #6
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    Re: The high price of oil is *who's* fault?

    Who is at fault for the high price of oil?

    Everyone who has allowed our government not to have defined an alternative energy policy a long time ago and keep us on oil dependence in regions requiring us to drain resources away from education and research. I include me in that depiction.

    Match that with owners of large SUVs and turbo charged muscle cars. I include me in that depiction.

    Top it with allowing special interest groups that define long term plans with short term goals and profits by plastering our elected officials with what they seek to get elected-money. Both parties are included in that depiction.

    Here's the current crop of our legislators (note Blunt's main campaign finance source which is only mentioned because of his quote) of the new which is same as the old from the remarks in the OP...

    House Energy and Commerce Committee
    110th Congress (2008 cycle): Member Money



    Let's face it. We as Americans have allowed ourselves to be detracted from the issues at hand for some time and more recently polarized so that people who agree on a subject argue about such smokescreens as the Democrats do this or the Republicans do that. While we deal with a finite resource, if we even think of expanding the use of our natural resources without a full plan for replacement we are only kidding ourselves.

    This is a case where our military might will be without the gas to run the planes and tanks if we don't make education, creativity, and geeks something that is as attractive as being in a uniform.

    The solution will not be one thing or another and the first direction probably won't be the final. But the time is now for us to quit the infighting and get the government to do what we pay those taxes for. As one voice.

    Oh yeah, and get the damn lawyers out of the business of making laws and plans. They spend too much time debating nothing, cutting compromises that are outside of the plan they are working on, and generally working on more ways to divide us because that's what they are trained to do.

    Solution track...
    Turning every fast food grease pit into a biodiesel fueling point for truckers with a requirement that the cooking oil has to be replaced a certain amount of days. That will make food taste better, reduce obesity by increasing cost above the current dollar menu, give relief to the trucking industry, slow down inflation, and reduce healthcare costs all at the same time.

    Fund the failing rail infrastructure for commerce transportation since it's more efficient than having coast to coast trips in a truck and base our transportation system on a shared distribution point model. That means Walmart uses the same system as UPS, Fedex, and GM. Efficiency is a way to conserve.

    Energy conservation mandates for homes and businesses.

    Wind and solar micro generation of power and a grid that is hackproof.

    Take 5% of the military budget and put it into education and research with a focus on both sciences and arts. Creativity is the key and the focus in education should be how to think and not studying for multiple choice tests to prove a school district is adhering to NCLB.

    Nuclear power only if a defined and safe method of long term waste storage has been defined.

    Drilling for more oil is my last choice. It's apparent that after living in the gas lines of the 70s and seeing large guzzlers become the norm we need to back ourselves into a corner to pull together and make the next step for the sake of our children's children.

    Oh yeah, that will take care of the carbon credit side issue and allow the free market system to come up with a solution.

    Just an opinion.
    Thomas Jefferson to John Page Fairfeilds Dec: 25. 1762.
    ... But the old-fellows say we must read to gain knowledge; and gain knowledge to make us happy and be admired. Mere jargon! Is there any such thing as happiness in this world? No: And as for admiration I am sure the man who powders most, parfumes most, embroiders most, and talks most nonsense, is most admired.

  7. #7
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    Re: The high price of oil is *who's* fault?

    Quote Originally Posted by Orangutan View Post
    The solution to high oil prices is not "drill for more oil", but "get rid of oil". I'm reminded of a quote from a Futurama episode entitled "The Day the Earth Stood Stupid". (Synopsis to understand the quotation: Flying brains have rendered everyone on Earth stupider than usual, leading to a variety of disasters. On the newscast, the already dim reportress says the following.)
    We have enough oil for the next 70 years right here in the USA. Of course we need to get rid of our dependency on it. But not in a single year!
    -TMack

    "Forgive everyone for everything"

  8. #8
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    Re: The high price of oil is *whose* fault?

    Carbon credits. Balderdash!
    Carbon dioxide is a trace element for crying out loud.
    (And don't trees need that stuff?)
    -TMack

    "Forgive everyone for everything"

  9. #9
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    Re: The high price of oil is *whose* fault?

    Its the fault of anyone who participated in the restriction of the creation of the oil supply. On the world stage, that must be an interesting cast of characters. On the domestic stage, its mostly politicians that create legislation to restrict domestic supply and the majority of them can be found on the left side of the aisle.
    1. Drill for oil
    2. Build refineries
    3. Build nuclear plants
    4. Conserve energy
    5. Develop alternative sources of energy
    That's a great short list.

  10. #10
    Joined
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    Re: The high price of oil is *whose* fault?

    The price is sky rocketing due to profiteering in the oil futures market. Demand has not doubled in one year.

  11. #11
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    Re: The high price of oil is *whose* fault?

    Itís going to take a very long time for alternative sources of energy to be developed and implemented. In the mean time we must have oil, coal and nuclear energy to survive.

    The environmentalists, their lobbies and the politicians they own have this country on a doomsday course.

  12. #12
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    Re: The high price of oil is *whose* fault?

    It's the fault of many things:
    1) Consumers before 2008: they created a demand for SUVs for the last 5+ years
    2) China and India: not sure how well this argument holds, because these countries still use coal and not as much oil as we all think
    3) Speculation: futures market for oil
    4) Weak US Dollar - I believe this is the fundamental issue for the price for oil: investors are placing their store of value. Until the US tidies its spending (iraq, tax cuts, bonus rebate cheques), pressure on USD, and hence oil, will continue
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  13. #13
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    Re: The high price of oil is *whose* fault?

    Yeah. This will help

    http://www.foxnews.com/story/0,2933,364846,00.html

    The Senate proposal would impose a 25 percent tax on profits over what would be determined "reasonable" and would allow oil companies to avoid paying the tax if they invest the money in alternative energy projects or refinery expansion.


    Id like to limit Senate and House salaries to "reasonable" as well.
    Last edited by jimzinsocal; 06-10-2008 at 11:50 AM.

  14. #14
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    Re: The high price of oil is *whose* fault?

    ^^^ Readin' that stuff earlier made my head spin. That supposedly intelligent people, be they politicians or whatever, think that a commodity is driven by things other than supply and demand is bad enough... heck, some people seem to think we need more creative art students to "fix the problem"... but that they think that some off the wall, grab a number out of the sky definition of "excessive profits tax" is beyond the pale.

    Our idiots like Reid blame the execs for hoarding these "excessive profits", but the execs hold less than 2% of the stock. Its you, me and the rest of us average American peons that own most of the stock and reap the benefits.
    Throughout the oil and natural gas industries only about 1.5% of the stock is owned by company executives. Now this statistic doesn't come from the oil companies themselves, the numbers – and the numbers that follow – come from Bill Clinton's undersecretary of commerce for economic affairs; one Robert J. Shapiro.

    Here's what Shapiro has to say about the ownership of the other 98.5% of oil company shares: "The data show that ownership of industry shares is broadly middle class, with the majority of industry shares held by institutional investors, often on behalf of millions of Americans through mutual funds, pension funds and individual retirement accounts."

    So ... when Barack Obama talks about a windfall profits tax, just who's money is he going to seize? He's talking about taking the savings, investments and retirement funds of middle class Americans.

    Pardon my language ... but would you folks please wise up out there? Quit being so damned ignorant to what is really going on!

    You want more details on just who owns the shares? OK, I have those details. Just remember, when Obama talks about windfall profits --- THESE are the people who's money he plans to seize:

    Again ... from the Shapiro study:

    * Almost 43 percent of oil and natural gas company shares are owned by mutual funds and asset management companies that have mutual funds. Mutual funds manage accounts for 55 million U.S. households with a median income of $68,700.
    * Twenty seven percent of shares are owned by other institutional investors like pension funds. In 2004, more than 2,600 pension funds run by federal, state and local governments held almost $64 billion in shares of U.S. oil and natural gas companies. These funds represent the major retirement security for the nation's current and retired soldiers, teachers, and police and fire personnel at every level of government.
    * Fourteen percent of shares are held in IRA and other personal retirement accounts. Forty five million U.S. households have IRA and other personal retirement accounts, with an average account value of just over $22,000.
    The study that shows our liberal moonbats running Congress don't have a friggin' clue... or do, but find their own destructive agenda more important than our country's success... http://www.energytomorrow.org/media_...Pham_Study.pdf
    Last edited by Dutchcedar; 06-10-2008 at 12:14 PM.

  15. #15
    Joined
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    Re: The high price of oil is *whose* fault?

    ^^^

    "The oil companies need to know that there is a limit on how much profit they can take in this economy,"
    Ok.. D*ck... Harry.. twit twins.. I suppose you can show me where exactly in the law it states there is such a limit. Or are we simply going to hear that repeated endlessly until you can act as if there is one and enact legislation directly fromyour collective bungholes? Anyone else smell that "fairness" reek spilling over from the bamma camp?

    I see they have opted for option 1 of the 3 fixes the (D)imorats have for any given problem... more taxes.



    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


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