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Tuesday, June 10, 2008
Bill Steigerwald :: Townhall.com Columnist
It's About Time Big Oil Started Defending Itself
by Bill Steigerwald
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But during their show trial, the execs delivered some other pertinent factsin their defense:

* U.S. companies, while huge, are actually relatively small players in a gigantic global oil market. They can compete directly for only 7 percent of available reserves while large government-owned companies like Petroleos de Venezuela own and control 75 percent of world supply.

* As Stephen Simon of ExxonMobil humbly pointed out, his hated behemoth -- America's largest oil and gas corporation -- accounts for only 3 percent of global oil production and 6 percent of global refining capacity. It has only 1 percent of global petroleum reserves - 14th in the world.

Big Oil can take care of itself in Washington - and it always has. It has bought and paid for all the lobbyists and political patrons it needs. Big Oil is not perfect. And it doesn't deserve a dime in government subsidies or special tax breaks.

But with worldwide oil demand up, oil harder to get at and oil prices at $130-plus a barrel and maybe climbing, America needs Big Oil now more than ever -- no matter what environmentalists and liberal senators feel or think.

So instead of pandering to voters' ignorance, maybe Washington politicians should try to do something useful for once -- like helping Big Oil discover, extract and deliver the energy all earthlings still need to make their lives better.

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About The Author
Bill Steigerwald, born and raised in Pittsburgh, is a former L.A. Times copy editor and free-lancer who also worked as a docudrama researcher for CBS-TV in Hollywood before becoming a reporter for the Pittsburgh Post-Gazette and a columnist Pittsburgh Tribune-Review. Bill Steigerwald recently retired from daily newspaper journalism..
 
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Cam--Wrat--MarkinVA--streetcars
I may be one of the few people on this list who actually rode the Red Cars when I was quite young.

They were uncomfortable, bumpy, un-heated, and un-air-conditioned.

They couldn't travel over 40 MPH,and usually less than that.

They operated on city streets in many areas, taking up one or more lanes, and they often could not even travel at "normal" speed when cars were in their lanes.

The coup de grace was the fact that rail lines provided poor coverage, almost never going where you actually wanted to go, so you wound up walking considerable distances in hot, cold, or wet weather. Or standing in the rain or hot sun to get a transfer bus.

All these problems were obvious to a little child. And the newer subways don't attract much ridership for some of the same reasons--specifically, coverage. If L.A. were to build enough lines to provide reasonably complete coverage, the cost would be SEVERAL HUNDRED BILLION DOLLARS. Not Millions, Billions. Does anyone know of a mass transit system that reaches break-even without large taxpayer subsidies?

MyOpine--Thanks for the laundry list
My, my, my! Robert must be a busy boy! He makes Thomas Jefferson look like a monomaniac.

I find this amusing.

I have some other "interesting" information from a thread he trolled a few weeks ago.

Can you post a throwaway e-mail I could use to contact you?
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