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Saturday, April 26, 2008
Fight Back Against Big Oil
By Bill O'Reilly
Poll
Will Hillary Clinton fight for the nomination past June 1st?


So now we have the presidential candidates running around telling voters that they will help solve the problem of high gas prices. Well, if you believe that, you'll believe that Hugo Chavez drives a Yugo. It's just bull.

Both Hillary Clinton and Barack Obama are calling for "investigations" into "price gouging" by American oil companies. Good. There's plenty of price manipulation going on and, under Presidents Bush and Clinton, little federal oversight. If a big oil company wants to tighten supply, for example, it's a snap. Just slow down the refinery process by ordering extra "maintenance" or something.

But who is going to investigate Sens. Obama and Clinton on their opposition to oil drilling? The Democratic Party has consistently opposed new drilling and nuclear energy, as well. Even the dedicated liberal governments in France and Sweden bought into nuclear. But not the American left, no way.

On the Republican side, President Bush has done absolutely nothing about rising gas prices, which is part of the reason his approval rating is approaching 20 percent. He blames the Democrats. Fine. But the president should be telling all Americans to cut back their gas consumption by 15 percent. He should be urging us to use less gas. That would at least cut into big oil's record profit margins.

Sen. John McCain proposes a gas tax "holiday" this summer. True, that would save the folks a few bucks, but it would also add to the massive spending deficit. The government better start balancing the budget soon, before Haagen-Dazs becomes more valuable than the U.S. currency.

The sad truth is that both political parties have sold out the folks. For decades, economists knew China and India were industrializing, and that those countries would demand much greater amounts of oil. Everybody knew that OPEC would slow down production and gouge the world if it could, and of course, now it can.

But if Americans would get angry and begin punishing the oil bandits, prices would drop. However, we are often a selfish people. We want those gas-guzzling Hummers and SUVs, and we're paying a big price for that, above and beyond the sticker.

If I were president, I'd be on every program, leading the charge to buy less gas, urging folks to conserve energy in creative ways. I'd create peer pressure against the guzzle crowd. I'd name the names of greedy oil company CEOs making tens of millions of dollars while working folks suffer.

We need leadership on this energy business or it is going to cripple our economy. Our energy incompetence has already empowered our enemies.

So let's get angry out there. We the people can do this. Big oil is not looking out for us. Let's stop rewarding it.

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About The Author
Veteran TV news anchor Bill O'Reilly is host of the Fox News show "The O'Reilly Factor" and author of the book "Who's Looking Out For You?"
 
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Popular Articles By O'Reilly

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These dimwitted liberal lying thieves we have running around DC should be in prison. If NObama and Hillbilly want to do something about the gouging they’ll suspend [forever] the federal gas tax. Oil companies make approx 9 cents per gallon of gasoline, the criminal cartel in DC -La Congress Nostra- fleece us for approx 18.5 cents per gallon [approx 45 cents per gallon in total taxes]. I know, I’d like to see them face the guillotine too. They can also stop with all the unnecessary blends that raise costs considerably. In 2004 there were at least 45 different blends produced; which govt fool thought of this?


It’s an absolute disgrace the incompetent politicians and leftist envirokooks have allowed OPEC to get us by the balls. Chavez and Ahmadinijad are choking supply and the DC Jackals want to have an investigation into oil companies for the 400th time. Not only do the DC Jackals make twice as much as the oil companies per gallon but they also get billions in taxes from the oil companies. If the oil execs are paraded around in a congressional circus again I hope their response to every democrat dimwit is "go phuq yourself."

In the 70’s CA had 36 refineries, now we have 13. And no nuclear [power plants have been built. At almost all levels of the federal govt we have retards running the nation.

“Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats.”

-H. L. Mencken

The bloviator once again reveals...
his lack of knowledge of economics.

O'Reilly's main goal is ratings for his TV show. Fine. But he tries to get them by pretending he's some kind of moderate. He has to throw in a few liberal positions (or he truly doesn't understand how foolish he sounds) to show that HE'S NO CONSERVATIVE. Oh no, don't try to "classify" him. Bill transcends classification.

Why is it wrong for any company to produce less of a product if it is not profitable enough at current supply levels? Does Bill have any evidence that oil refineries are being intentionally (or legitimately) slowed or shut down? Of course he doesn't. Where's his evidence that "There's plenty of price manipulation going on"? And I don't count, "Come on; wise up," as an answer. Since the 70s Congress has conducted numerous investigations into oil companies to expose alleged collusion, yet it has never found a shred of evidence to support such charges. O'Reilly is just being his typical self by vilifying an easy target and playing to blue-collar prejudices (i.e., class envy).

"But the president should be telling all Americans to cut back their gas consumption by 15 percent."

Once again, complete misunderstanding of human nature. People respond to prices. They won't reduce gas consumption because the president asks them to. Has Bill reduced his own gas usage? Probably not. He's less sensitive to prices than most of us. How I envy that big-bucks, Big Media, fat-cat.

"However, we are often a selfish people."

Does Bill understand the concept of voluntary transactions as the engine for a free, capitalist economy? Just like all liberals, O'Reilly bases his policy preferences on how he wishes the world was and how he wishes people would act, rather than accept the reality of human nature and try to work with it, not against it.
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