oil's well that ends well ... eventually
***
YEAH, THOSE SLICK 'BLAME EVERYONE BUT US' POLITICIANS
WERE AT IT AGAIN ... OH, YOU KNOW THE DRILL
It was pretty cool actually. One of those terrible oil barons the libs and environmental terrorists love to hate gave it back to the Senate Judiciary Committee today - under oath at that - although I don‘t think you‘ll hear about it anywhere else.
While officiating at yet another show trial designed to convince the government-educated masses those high oil and gas prices are the fault of the oil companies, Sen. Dianne Feinstein, D-CAL (whose husband’s company made billions while she chaired the Military Appropriations sub-committee, then quietly resigned), Patrick Leahy, D-VT, and Sen. Dick Durbin, D-ILL. postured, probed, pushed, and prodded a group of oil company executives to answer their loaded questions and deflect attention from the real culprits contributing to skyrocketing oil, gasoline and energy prices - the politicians themselves.
While asserting U.S. oil companies are somehow manipulating the oil markets, that they are fat cats playing games to cheat poor motorists, that supply-and-demand forces are a myth, and that the markets are not in fact free, Shell Oil Chairman John Hoffmeister had the guts to say what most of us know already but no one seems to have the guts to admit in Washington. That is that these same politicians interrogating them have set every roadblock available to prevent the oil industry from drilling for more oil and building new refineries for decades, and that the result has been an increasing dependence on foreign oil. So yes, he agreed, the market is indeed not free.
I wonder if his income taxes will be audited this year, huh?
So let's see, the same politicians want to convince us that man-made global warming is real, that fossil fuels are the culprit, that oil drilling is bad for the environment, but that they want the oil producing countries to produce more, at cheaper cost, so Americans can drive more and pollute the environment for less money.
Are you confused. Do these people think anyone outside of an Obama moonbat takes them seriously?
If and when gas hits $6, $7, $10 a gallon, when people finally have had enough and wake up to the actual people behind the debacle that is the government-regulated energy sector, when we finally join the rest of the world and start drilling and digging for oil, natural gas, and coal where we know it is, when we start building nuclear reactors and catch up with modern countries like France where nuclear energy accounts for 70% of that country's energy, remember the likes of Feinstein, Durbin, and Leahy, and others of their ilk who preferred to play politics rather than do what was right for the economy and security of this country.
By the way, I saw where five oil producers (Shell, Exxon, Chevron, BP America Inc. and ConocoPhilips) earned $36 billion in profits in the first quarter of 2008. A record. Well, isn’t that what businesses are supposed to do in an expanding economy? By all counts, oil companies earn about a 6.9% profit margin and part of that has to be applied to the ever increasing costs of exploration and production.
If you'd cut those profits in half (not that that's possible), it would account for a total savings in gasoline, heating, cooling, transportation, food, manufacturing - all energy related products and services actually - of about 66 cents per day for each person in the U.S. Yes, I figured it out myself. Big wow.
The only way to get the giant oil exporters like OPEC to lower their prices is to produce more of our own and let them sit on their surplus. Of course our representatives won’t go for that at all. It makes you wonder who’s working for whom, doesn’t it?
YEAH, THOSE SLICK 'BLAME EVERYONE BUT US' POLITICIANS
WERE AT IT AGAIN ... OH, YOU KNOW THE DRILL
It was pretty cool actually. One of those terrible oil barons the libs and environmental terrorists love to hate gave it back to the Senate Judiciary Committee today - under oath at that - although I don‘t think you‘ll hear about it anywhere else.
While officiating at yet another show trial designed to convince the government-educated masses those high oil and gas prices are the fault of the oil companies, Sen. Dianne Feinstein, D-CAL (whose husband’s company made billions while she chaired the Military Appropriations sub-committee, then quietly resigned), Patrick Leahy, D-VT, and Sen. Dick Durbin, D-ILL. postured, probed, pushed, and prodded a group of oil company executives to answer their loaded questions and deflect attention from the real culprits contributing to skyrocketing oil, gasoline and energy prices - the politicians themselves.
While asserting U.S. oil companies are somehow manipulating the oil markets, that they are fat cats playing games to cheat poor motorists, that supply-and-demand forces are a myth, and that the markets are not in fact free, Shell Oil Chairman John Hoffmeister had the guts to say what most of us know already but no one seems to have the guts to admit in Washington. That is that these same politicians interrogating them have set every roadblock available to prevent the oil industry from drilling for more oil and building new refineries for decades, and that the result has been an increasing dependence on foreign oil. So yes, he agreed, the market is indeed not free.
I wonder if his income taxes will be audited this year, huh?
So let's see, the same politicians want to convince us that man-made global warming is real, that fossil fuels are the culprit, that oil drilling is bad for the environment, but that they want the oil producing countries to produce more, at cheaper cost, so Americans can drive more and pollute the environment for less money.
Are you confused. Do these people think anyone outside of an Obama moonbat takes them seriously?
If and when gas hits $6, $7, $10 a gallon, when people finally have had enough and wake up to the actual people behind the debacle that is the government-regulated energy sector, when we finally join the rest of the world and start drilling and digging for oil, natural gas, and coal where we know it is, when we start building nuclear reactors and catch up with modern countries like France where nuclear energy accounts for 70% of that country's energy, remember the likes of Feinstein, Durbin, and Leahy, and others of their ilk who preferred to play politics rather than do what was right for the economy and security of this country.
By the way, I saw where five oil producers (Shell, Exxon, Chevron, BP America Inc. and ConocoPhilips) earned $36 billion in profits in the first quarter of 2008. A record. Well, isn’t that what businesses are supposed to do in an expanding economy? By all counts, oil companies earn about a 6.9% profit margin and part of that has to be applied to the ever increasing costs of exploration and production.
If you'd cut those profits in half (not that that's possible), it would account for a total savings in gasoline, heating, cooling, transportation, food, manufacturing - all energy related products and services actually - of about 66 cents per day for each person in the U.S. Yes, I figured it out myself. Big wow.
The only way to get the giant oil exporters like OPEC to lower their prices is to produce more of our own and let them sit on their surplus. Of course our representatives won’t go for that at all. It makes you wonder who’s working for whom, doesn’t it?