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Friday, June 20, 2008
Congressman Thomas Price :: Townhall.com Columnist
Only Action Can Put America Back in Drive
by Congressman Thomas Price
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These days there is a pretty good way to gauge how someone's day is going. Ask if they've filled up their gas tank recently. If so, they're likely to be in a foul mood. And rightly so.

In recent months, we have experienced almost surreal increases in prices at the pump. Day after day, new records are set. In fact, since Democrats took control of Congress, the price of a gallon of regular unleaded has shot up $1.74. Every day, we find ourselves asking: “Will this ever end?”

The answer is yes, when the politics stops and we start doing something about it.

As much as House Democrat leadership may wish it to be, exasperation is not an energy policy. Regrettably for American consumers, their energy plan has been focused on what we will not do. No exploration of American energy; no increase in refineries; no incentives to create new sources of fuel. It seems all this majority is willing to do is hike up taxes on American oil producers – not an economically defensible way of lowering prices at the pump.

While it may be politically expedient to lay the blame for rising gas prices on oil companies, we owe it to American consumers to be honest about how we got here. Some of the increase in price can be attributed to the weakening dollar. Speculation may play a hand, and we lack adequate refining capacity. But these record prices are principally the result of supply and demand, and we must treat it as such.

While global supply of oil has remained relatively stagnant, growth in the demand of energy from emerging nations like China and India has been extraordinary. With these countries showing no sign of slowing down, we must get to work to increase the American supply of energy to meet our needs.

In the past few weeks, House Republicans have laid out a true energy action plan. Rather than accepting the status quo, this is a real executable plan to give meaningful relief to American families.

First, we must increase production and open up access to explore for American-made energy. For too long our own precious resources have been off limits, and competing nations are gaining from our neglect.

Right now, China, Venezuela, and others are working with Cuba to extract oil near our waters. Yet American companies are not able to extract our own resources to provide for American consumers. This is outrageous. How can we honestly demand OPEC nations pump more oil when we will not even utilize our own resources?

And we have bountiful resources right here at home. The Bureau of Land Management recently released data showing the vastness of our untapped oil and natural gas resources. The Bureau estimates there are currently 117 billion barrels of oil placed off limits by Congress. The 86 billion barrels off our coast alone could provide enough fuel to replace OPEC imports for over 50 years.

A central impediment to getting more affordable energy to American consumers is the lack of refining capacity. A new oil refinery has not been constructed in this country in over thirty years. Washington red tape has discouraged this investment. It is time to release American business from these regulatory shackles.

In addition to increasing known sources, we must promote new, clean, and reliable sources of energy. Our action plan provides investment tax credits for innovation and engineering of new technologies. We should give incentives to find new sources of energy, rather than picking winners and losers. The ingenuity of American enterprise will provide clean energy solutions.

Finally, while we must do all we can to grow our supply, encouraging conservation is imperative. Four dollar gasoline is certainly enough to slow some consumption, but more can be done - without the pain. By providing incentives for conservation we can ease the demand for gasoline, while also becoming a more efficient and clean economy.

People are sick and tired of politics trumping positive solutions. Congress has an obligation and duty to provide responsible answers to American families feeling the strain of runaway gas prices. By putting principled leadership before partisanship, we can solve this crisis and put smiles back on the faces of American motorists.

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About The Author

Congressman Tom Price is recognized as a vibrant leader in Georgia and a diligent and tireless problem solver in Congress.

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congress obligation
Sir:
Please don't take this personally, but you have no credibility. No offense, sir, but the only obligation Congressmen have felt in years is the one they have to themselves: to increase the paternalism which expands their power and is creating all these monsters, and get reelected. The phrase "Congress has an obligation" is such tripe that nobody really believes it anymore.

Americans Should Control Their Future
The Democratic Party insists on calling themselves our Elected Leaders. They need to remember that they are our Elected Representative, and that a majority of Americans want drilling, and they want drilling NOW!
Americans must demand that American resources, American technology, and American strength be allowed to resolve America's energy problems. Wishful thinking about some future alternative energy solution is a dangerous agenda.
American oil production has been declining steadily since the Carter days, thanks in very large part to the policies that were implemented under his watch.
It is imperative that we again unleash the power of the American spirit. It is even more imperative the we unleash it now!

American's obsession
with going green has gotten in the way of common sense. I do wish a gallon of gas would get up to $10. Nothing like a dose of reality to bring our liberal friends back to earth.

Girly man says no drilling in my yard
During the primaries, we all heard the feminists saying we need a woman president to do things right. Well, here in California, with the exception of Schwarzenegger who has become a girly man of sorts himself, we have had almost unanimous rule by women at every level of government for the last twenty years. The result is socialism and economic chaos. Businesses are fleeing the state. People with money to invest are moving to nearby states to avoid the 12% state tax. And what does our governor say in response to calls for more offshore drilling? No way, Jose. It makes me smile to see $5.85 for a gallon of diesel here. Hopefully, the liberals in this state will be paying $10, maybe $15 soon. They deserve it.

Drill ANWR, Drill Offshore, license nucl
We need to be doing everything we can on the supply and conservation side of the equation. I love the idea of releasing regulation on oil drilling (ANWR, offshore) and on the construction of nuclear power plants. The latter is essential, though as McCain pointed out, we may very well have lost much of our talent base in this area due to our inactivity over the last 30 years. What a pity. Sounds like some grants to Universities in the area of Nuclear engineering could be in order.
Also, using our energy more efficiently is another great idea. I love the plug-in hybrid concept. Chevy's Volt is a prime example (and I believe other auto makers are pursuing similar things). Imagine if we could start using all of the low cost electrical energy (from nuclear, coal, etc) we generate over night to power vehicles, and, as a result, use far less petroleum to power the vehicles during the day. Less money flowing overseas. More flowing back into our own economy. Let's open the regulatory gates and let the entrepreneurs and engineers make this happen.

No Drilling in My Yard
I live in CA and the other day I heard our Gov say that no drilling will be allowed. The CA coast is a national treaure. A reference to an oil spill from 1969 was brought up.

In CA, we have Pelosi, Feinstein, Boxer, Waters...women here.

Boxer wants to sue OPEC.
Feinstein raises her fist at big oil and tells them they are evil and throws Enron in there every once in awhile as blame. (By the way, I am still waiting for my refund from when we got ripped after Enron went down. Electricity bill tripled.) As for Enron, some of the speculators are ex-Enron, so half a point.
Waters shakes her fist at big oil and threatens to nationalize, but can't think of the word and the people next to her try not to laugh.
Pelosi tells us that we can't drill our way out of it.

How many of them own stock in oil companies?

How about
uncapping the wells that I helped cap in the 1980s? I know it's there (oil) and so do you. How about it Congressman?

Oil spills
When was the last time we heard of an oil spill of any significants? Exxon Valdez 1989? Since then, the world has produced nearly 1.6 billion barrels of oil. Not a bad record of environmental success. The fact is modern oil production methods are very safe. Even Hurricane Katrina did not create any spills in the Gulf. The brainy liberals need to leave the 60's and come to 2008.

Mr. Congressman,
Why then don't you get this message out to the public? Why are conservatives going to bear the brunt come next election? We conservatives already know what's causing the high prices but you'd be surprised how many average people put the blame squarely on our party's shoulders. When are people with power and influence, namely people like you, going to start standing up to the liberals? We've been waiting for 8 years now.

To The Good Folk
Things like action, innovativeness, and other outmoded "can do" statements are vestiges of the past. This is a new day.

Come 2009 we're just gonna wait until He gets it all for us: free food, free health care, no interest mortgages, no more wars, and cheap gas.

Mr. Obama is gonna free all us slaves and take back from the Man all the stuff he stole from us.

You whiteys are gonna have to work two, three jobs to pay for all the stuff He's gonna give us and all the other global citizens who's coming here for free stuff.

Now don't you conservatives go on about how you gonna do anything about it, because you can't. This is our time now. We's the ones we's been waiting for. Didn't you hear Him say that?

And while your sons and daughters are over in Iraq fightin' and dyin' for the good old USA, just remember all you've done is get good constitutional rights for those Muslim brothers trying to kill all of us. How 'bout that!

Hey, get off your computer and start lookin' for that extra job you gonna have to have to pay for all my free stuff.

Chumps!!

Six Years
Republicans had six years of unfettered access to the levers of government. Republicans had control of Congress and the Executive branch.

And what did Republicans do about this problem then?

Oh, that's right, nothing.

Pretty weak tea you have there.

RINO
Mr. Congressman, this rise in gas prices started when the Republicans controlled congress. Where were you then?

Republicans have a LONG way to go to regain the trust of American conservatives.

Wolfpat
You covered my point well. Where were all the Rino's 5 yrs ago? Busy increasing the size of gov't faster than at any period in our history, thats where. Oil is traded on the open market and the price of it goes up as the value of the dollar goes down. It's not rocket science. As interest rates are raised in a few months and the value of the dollar rises above the peso, the price of oil will come down. In the meantime, nothing wrong with lifting over regulatory, enviro-nazi restrictions on responsible free market capitalism.

You are all talk
Piece of garbage...

Price of oil never come down
The dollar is collapsing.....

Resume
From the Congressmans biography:

Congressman Price serves on the Committee on Education and Labor, as well as the Committee on Financial Services in which he is the Deputy Ranking Member on the Financial Institutions Subcommittee.

You can't tell me he actually believes what he wrote and is as shocked as everyone else where oil is priced. All this Rino hand wringing is pandering for votes.

Unbelieveable!
A politician who actually seems to get it! For two long Congress has tied the hands of the oil industry. I'd say the American public is pretty near its breaking point and if it gets much worse anyone in Congress who opposes drilling will (and should) be unemployed at the end of their term. Imagine not having to smooch the backsides of OPEC nations and by extension help pay for terrorist activities killing great young Americans. No OPEC oil for 50 years, wow! what a thumb in the eye to the middle east. I say lets get after it! Lets get the drilling going, the nuke power plants and refineries built and fund some alternative energy R&D efforts. I guarantee there's folks with 500 pound brains at MIT that could figure a practical alternative to the internal combustion engine out in 5 years or so, if we drill and build refineries, we've at least bought some time to figure out the rest.

......
----Price of oil never come down......sam---

Dummy, oil prices do go down; price fluctuates. But the dollar is being devalued.

Oh Yeah
For the record, I don't give a damn if they put up an oil derrick in my living room. Something needs to be done about this situation.

Thomas
I truly hope that you practised medicine much better than you comment on the oil industry.

"While it may be politically expedient to lay the blame for rising gas prices on oil companies,...But these record prices are principally the result of supply and demand, and we must treat it as such. "

You sir are a fool. Who determines supply? Do you really think that oil is a "free market"? Ever heard the word cartel? Ever heard of OPEC??? Take your lies (I hope they are lies and not something you believe to be true) and come back after you read Daniel Yergin's book: The Prize"

Dumbing Down America
*
For exactly 35 years Democrat Wackos like the 2-3 posters on this BLOG have been telling the folks, “You Cant Have your own Resources”. Now suddenly when it all blows up in their face, as soon The Trucks and Transports that keep our Economy and Sustenance moving will shut down , NOW we hear "it’s the Reps. Fault for not doing something a few years ago".
The gene pool has not done well for them in the past few decades, they learned nothing, just Morons teaching Morons to be Morons.
Does Albert Gore, Mr. Inconvenient , or does he not, have and still has, his vast fortune from "Occidental Petroleum" ???????
The left truly is a Mental Disorder ……..

wolfpat
"Mr. Congressman, this rise in gas prices started when the Republicans controlled congress. Where were you then?"

He was busy with the rest of his Republican colleagues spending the money that would lead to the dollar printing that would lead to the high price of gasoline. Sam is right - the price of oil and thus gasoline will never come down. The dollar has been brought down by spendthrifts led by Republicans.

Ted
I am tired of subsidizing the life style of the conservative. You have taken FAR to much and given nothing back - go away. You want a third world nation? go to say Nigeria?

Dumbing Down America
*
And now Obama wants to spend a trillion dollars on entitlements and give away programs. You know take from the givers and give to the takers.
__And where will the Dollar be then with gas at 12 bucks ?
Typical pos Liberal fubar......

Dumbing Down America
Hal
I live in a third world Nation, its called Chicago.
Save your incoherent Marxist Crap for someone who doesn't work for a living.

supply and demand
Some of you might recall that Saudi Arabia recently upset OPEC by increasing production. Why would that upset them you might ask? Because an increase in supply lowers prices. Seriously, I'm sure your local comm. college offers a class on basic economics.

I think we heard "the sky is falling" in the 70's. Soon after the gov't got out of the way, the price per barrel was about $40.

ted
"..I live in a third world Nation, its called Chicago."

Really??? then I guess you have not been abroad for a few years?

"Save your incoherent Marxist Crap for someone who doesn't work for a living. "

If you work for a living it doesn't seem like you are doing well. Am I subsidizing you too?

RLC2
"...Because an increase in supply lowers prices."

Think about that because that means there is no free market in oil. The entire industry is run as an oligopoly

"Seriously, I'm sure your local comm. college offers a class on basic economics."

I bet they do please take one

Drill Here, Drill Now, Pay Less
Those of you who want to open up American refineries, those who want America to be energy-independent, those of you who want to pay less at the pump: Please go to Sean Hannity's website and sign the petition. They've already gotten over a million signatures; let's make it two or three.

Brickhouse
"...Those of you who want to open up American refineries, those who want America to be energy-independent, ...Hannity's website and sign the petition. They've already gotten over a million signatures; let's make it two or three."{

no community college in your area either? LOL

DEMS, Miserable failures:
WE DEMAND that DEMOCRATS --i.e. -- Government
KEEP THEIR HANDS OFF OF
Oil companies
Corporate America, etc.
Health Care

DEMOCRATS__i.e.__(Government) already have a miserable failure record.

They Run Education,--- a miserable failure
Social Security, --- a miserable failure
Our infrastructure, --- a miserable failure
Our energy policies --- a miserable failure
Our health and human services,--- a miserable failure
Health care for the POOR, --- a miserable failure
Our Judicial system, --- a miserable failure
Our border security, --- a miserable failure,
AND the Post office, etc.

WE the PEOPLE!

WE are the shareholders (owners) of:

Oil Companies
Corporate America
Our free enterprise

THROUGH our
Pension Plans
401-k's
Ira's
Children’s education funds
Our savings: from our sacrifices and hard work


We demand that the Democrats stop destroying what we the people have created and perpetuated.
We also demand that the Democrats stop taking away our freedoms:
We the responsible people must remind all of the other people what is really at stake in this election.


Athiest Provacatour Detoured
Nice try bud. We've been here this whole time and we've watched the Democrat Congress, who by the way IS the majority of Congress doing everything they could to undermine the President, to the detriment of the country and the honorable men and women serving their country so bravely. We've watched the Democrats back-stab the country over and over and over again. We are in a gasoline crisis right now that is harming industries from shore to shore in America. You can't blame the Republicans for what your socialist, liberal Demoncrats do.

We all have eyes and ears and brains that observe facts and issues. And no, America does not hate President Bush: he has a significantly higher favorability rating than your Democrat Congress does. They've been making many stupid, stupid mistakes since they gained power in 2006.

Some facts you don't want to hear
A month or so ago, when the heads of the oil companies testified before Congress, they estimated that, without the influence of speculators, the price of oil would be somewhere around $65-85 per barrel. And why has speculation increased so much lately? Because of the "Enron loophole", which allows for more speculation than in the past. And who is responsible for the Enron loophole? Republicans, of course, especially Phil Gramm, who is now McLame's top economic advisor. A vote for him is a vote for continued high gas prices at the expense of the American people, in order to benefit himself, Gramm and big business interests such as UBS and Morgan Stanley.

Also, in case you have not noticed, profits for the oil companies are going through the roof. If you understand economics at all, you can understand why the oil companies would not be interested in expanding production right now. They would have to spend a lot more money to drill and the effect would be that oil prices would drop. Why would they want to do that?

The fact is that the oil companies are currently sitting on 10,000 or more oil leases that have been approved. In Bush's term in office, leasing has gone up 300%. The Bakken field up in Montana and North Dakota has huge oil reserves and the big oil companies have the leases to drill up there. But they are CHOOSING not to do it! That's right-none of the huge investments that would be required to drill in ANWR or the outercontinental shelf. It's right there in our back yard and they won't go get it.


STOP SPENDING MONEY
About a year ago, there was an article in CNNMoney in which oil execs were stating that there was no rational reason for gasoline to be at $80 a barrel. That is 8-0 a barrel. But now everyone wants us to believe that $130 is more or less rational, reflecting the supply and demand of oil.

What it reflects is the supply and demand of the dollar.

What they don't want us to understand is that the "weakening dollar" as Mr. Price puts it, or inflation as more honest people call it, is responsible for the majority of the rise in the price of oil.

The drilling solution is necessary to head off off a future oil demand crisis. But this one was caused by inflation.

To be continued

Hal Donahue: That Was Lame
Was that the best you could do? Just like a liberal; you can't defend your stupid position, so you act like a spoiled child.

Your supposedly superior intellect failed to impress. Don't sign the petition if you don't want to; continue being part of the problem instead of the solution. That is your right, as a, ah-hem, patriotic American.

My observation is, Americans are going to DEMAND that America become energy-independent. Go ahead, try to impede us.

Dems say
Dems say that drilling won't decrease gas prices in the immediate future.
Dems say that opening the continental shelves won't decrease gas prices in the immediate future.
Dems sat that opening ANWR won't decrease gas prices in the immediate future.
Dems say that new nuclear power plants won't reduce gas prices in the immediate future.
ETC....

Nationalizing oil refineries will reduce gas prices?
Carbon cap and trade will decrease gas prices?
Windfall profits on oil companies will decrease gas prices?
Ethanol and other government mandated gasoline additive regulations will decrease gas prices?

How can such a brain dead party remain in power? I can only guess that it's the public school system that has been controlled by liberals for decades.

The enemy is inflation
It is a fact that inflation is primarily responsible for the current outrageous price of oil.

Here is the proof in nice, clean Aristotelian terms.

1. Inflation - pumping dollars into the economy which are not backed by goods and services - causes a rise in the price of commodities. (Source: Classical economics, even liberals admit it).
2. We are experiencing inflation (Source: Current federal government spending levels reported by the GAO, the Federal Reserve interest rates, the stimulus checks we received in the mail, government report on GDP growth; even official government reports on price inflation, for what little those are worth).
:.Commodity prices are rising. (Verified in professional financial media).

Since we have now proven and agree that the current inflation has to be causing a commodity price rise, the burden of proof is on those who claim that something else is responsible to provide evidence for their viewpoint. The only "out" here for the opponents of the inflation explanation is to quantify the percentage of the price increase for which inflation is responsible - as being low.

They cannot do this. If it could be done, someone would have. No one has or can, because no such result is possible. Such a reality does not exist.

Inflation is causing this.

Wendy: The Democrats Are Causing This
Commodities are rising because grain is being wasted for fuel. Livestock producers need grain. Food producers of all types need grain. Other countries need our grain. The Democrats have decided for us that we need to use something other than gasoline, which they haven't viably been able to produce in the massive quantity that we need to sustain our productivity and way of life.

The Democrats have sided with their environmentalist wackos in attempting to cut America down to size, and impeded our efforts to become energy-independent. We're annoying the polar bears! We KNOW we can solve this problem, but Congress refuses to lift a finger.

We haven't had an energy shortage of this magnitude since Carter's miserable days. That was REAL inflation; we had a Misery Index back then.

Congress has a responsibility, duty to..
We, the American people have an equal responsibility, duty to...

Although I do see more and more SUV's and pick-ups parked on the front lawns of our landscape, more than those, do I witness wizzing by my mini cooper at over-the-speed-limit speeds.

Americans generally have become spoiled. We can't even truly conceive of someone taking our priveleges away from us.

The sad thing is - we are the 'someone'.

priorities
the first thing we can do, something that will almost immediately increase the amount of oil available, is talk to the canadian prime minister , and the american and english owners of canadian oil wells, why canada> because canada supplies us with more of our inported oil than any other country, including OPEC nations. about 43 pe cent of our imports come from canada. and the canadian prime minister has annouced ( about a month ago (google it up) that the wells are running at about 80 per cent caopacity and have no plans to increase that output. if they were to increse their output tomorrow it would immediately affect the amount of oil available on the market and theoretically, if the oil companies havent formed a private cartel for th express purpoe of fixing supply and price drivedown the price of oil at least a little also try to convince the american and english owners of those wells , patriotic citizens all, that they should agree to this. also persuade the owners of al the leases that start have been cleared for drilling in the us to drill, instead of waiting for to congress and the president to pass a tax break for them that would cover the cost of all their new equipment and wells. that way they get them for nothing. if they own the leases and wont drill then we should pay them back what they paid for them and resell them thm to somebody who would agree to drill immediately .

"No we can't"!
While screaming "Yes we can", Obama & Democrats in reality are saying "No we can't", they have been doing this for decades, lying, sleazy bastards!
It takes Brazil 3 years to get on market, yet democrats keep saying "10 years"...sleazy lying bastards!
We might as well change the name of this country to the Wimpy States of Amerika, should these democrat bastards get elected.

Weak
This is a fluff article. Very light on specifics.

Hal
Oil is traded on an open market. Do you really think that OPEC or gov't's really want to keep prices so high as to cause people to search for alternatives, cut back on consumption and slow the economies around the world? The dollar has been devalued for a yr to avoid recession, people started talking about the 1930's coming back so gold/commodities/oil have been climbing ever since. When the value of the dollar increases, all of these assets will decrease in price. Another thing that would decrease price is increased supply, from off-shore drilling or anywhere else supply can come from. All of the oil producers are saying that the price of oil is irrational. Thats what open markets cause, irrational human behavior.

Democrats Solve Global Warming
Democratic genius Dennis Kuchinich and other intellectual Democrats have found the answer to Global Warming.

Future Secretary of Commerce Maxine Waters was explaining why NASA should land the 'Sun Lander' at NIGHT to avoid heat damage to the lander.

A common epiphany occured involving Maxine Waters, Dennis Kuchinich, Barney Frank, John Murtha and William Jefferson.

They said all of the sudden we realized what is causing 'Global Warming' at the same time!

DAYLIGHT SAVINGS TIME!

"Adding more hours of sunlight during the summer afternoons", a spokesman for the group said "is the obvious culprit".

The five congresspersons declared they would wear only 'Speedos' publicly until Al Gore acknowledges their momentous discovery.

A spokesman for Al Gore said "Mr Gore is in a bitter dispute involving his claim of inventing the wheel with Louis Farrakhan who claims space aliens created the 'Mother Wheel' and may not have time to comment on the discovery."

The 'Speedo' five will appear 'Speedo' clad til all congresspeople join in solidarity by wearing 'Speedos' - Harry Reid is expected to wear a 'Speedo' immediately.

The bill will be entitled "Stop Global Warming by Eliminating Extra Hours of Sunshine" sponsored by all intellectuals in the Democratic Party.

Call your congresspersons today!

Join the fight against Global Warming - wear your 'Speedo' everywhwere in solidarity with the 'Speedo Five'!

Want $10 a Gallon Gas?
Keep electing Democrats!

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


Cause and effect
We are ALL causing this; Dems and Repubs, Libs and Conservatives. How youask? Because we continue to insist that OUR guy is really doing a good job, it's all the OTHER elected reps who are failing.
Because we have become a country of citizens who want to make laws telling everyone how they should likve, that everyone must gaurd against being sick or engaging in dangerous behavior or acting in ways that are contrary to our religion or liberal beliefs; because of all these things we vote time and time again for the same power-brokers who couldn't care less if every one of us runs out of gas and dies by the side of the road. The American people from both sides of the aisle, and even the ones in the middle, have refused to truly LOOK at what each candidate stands for, has refused to actually take the time to UNDERSTAND the double-speak,and refuses to vote for 3rd party candidates for fear of "my guy" losing the race. People, they all suck. But too many are in Washington until the day they die (Julia Carson, Robert Byrd, Strom Thurmond, Teddy Kennedy, to name a few) due to the stubborness of the American people to see reality and instead vote for wishes.
We get the government we deserve. We still hold the power. Unfortunately a positive outcome is guaranteed only by actually thinking.

Democrats on Resources
If the Democrats were put in charge of the Sahara desert - there would be a shortage of sand within 5 years.

Democrats would then declare sand as an endangered vital natural 'resource' and demand that the sand be returned to its natural habitat - spending trillions replacing it.

The Democrats would issue 'sand subsidies' to all Democratic officials and 'sand welfare stamps' to all Democrat voters.

The Democrats exhibiting the same assertive, self-involved shallowness of liberals would declare 'We saved sand' while conservatives just stood by and ignored the crisis.


Democrats on Patriotism
Obama will demand 'Patriot Credits' from Anerican Patriots to be given to Democrats so that there will be a level playing field.

Obama says "Patriots have an unfair advantage over Democrats when it comes to 'Patriotism' so this 'Affirmative Patriot Action and Credits' will help Democrats have self esteem when they are called Unpatriotic citizens."

Obama says "This new program will replace the 'Patriot Act' and calling any Democrat 'unpatriotic' will now be hate speech subject to legal damages and prison terms."

*Free tinfoil hat fitting with your vote for Obama

DRILL NOW
To the anti-drilling folks who claim that increasing our own production of oil to the global supply wouldn't significantly lower the price of gasoline, let me give this -- admittedly simplistic, but instructive -- analogy:
Envision ten apples per day as being the daily production of apples. But there are eleven people who want to buy an apple a day to keep the doctor away. Since there is more demand for the apples than can be supplied, the price for them increases, and only the ten wealthiest of the eleven people can afford to buy an apple. Along comes a guy who plants an apple tree. Before long, he adds two apples a day to the daily production. Now there are twelve apples available to the eleven buyers. The price for apples plummets. The point here is we don't have to replace the total supply of oil coming from offshore in order to have an impact on lowering the price; it would require a relatively small increase in the amount of domestic production to tilt the balance of supply and demand in our favor.

re: Beckie
well said

wholesale recall
Only a wholesale recall vote can get America back in drive!

It seems that our gvt has been consistently working to make small problems into large problems.

Time to hit reset!

disfunctional gov't
Our congress cowards have made effective gov't impossible. They've over-regulated and restricted energy production in this country for 30 yrs. We can soon buy Chinese crude drilled off the coast of FL. It's inexplicable that the repub. majority in congress and a repub. president didn't deregulate at all from 2000-2006. They've been bought by lobbyists and are apparently afraid of the militant enviro-socialists. Rino's are populists, pandering for votes. Elect Libertarian Republicans!

Tme to tell the truth.....
Well; I must say good try! Let’s get on the right track now. Start with the price of a barrel of oil when Carter was in office all the way until now, eye opening. Now let’s move on to BIG BUSINESS and the hedge funds when even my dog could have gotten an OVERPRICED home. To that add the fact France bailed out of the hedge fund when they figured they were about to get an AMERICAN shafting; ah American businessmen honest as the day is long. Well, after the hedge fund backers lost their shirts they had to find some way to recover THERE money and the way they did was getting into the FUETUERS market. Yes folks OIL! Now that they have gone about as far as the people will set still for, it is now blowing up so, they have got to move on once more. Move on they did, to the CAMODITYS market! Yes folks FOOD! One thing you can bet on is that Congress has done nothing about it, not one bit. UNTILL NOW! Look at the latest news about what is about to happen to the fine outstanding businessmen that ripped off the hedge fund. It will most likely be true that the rest of the honest businessmen will get caught ripping off the market but worse the morons in America. You see the last thing I believe Congress or the Senate wants is over one million guns that the morons have pointing there way and that is starting to bother them. Just because they have not done the job they are elected to do and that job is not to do what big business pays them to do rather to protect the PEOPLE that elected them.

A storm is coming because the government; Fed, State and Local think they can do whatever and charge whatever and spend any amount of money, they do not earn, and the morons have had about enough. This is not a good position to be in and I do not approve of it but the rumblings at the gas stations and supermarkets say otherwise. If you ask the Businessman it is the consumer that has caused all this not them; they take no credit for any of the problems.

So Much Unsaid
If we drill, most of the oil will have to be taken off-shore to refineries outside the US in order to process it. The only impact drilling will have on our gas prices, in turn, will be if we add enough capacity to international markets to ensure that more fuel is available than the demand can consume. Only then will prices fall. There's no question we need to stop preventing the oil industry from accessing all, not just bits and pieces of our available oil. However, there is another issue, which is that the oil industry has a severed shortage of drilling rigs to work off-shore. Right now, they're backordered for years, simply because we no longer build them here - rather, they're being built in Korea and other such locations. The most rapid recovery we can experience comes from federal lands, to include ANWAR and other areas of Alaska, etc. This can move very quickly. However, it is precisely these areas under the control of the Bureau of Land Management, that neither McCain nor Obama want to access. Instead, they talk "off-shore", which is fine, but it will take 5 years or more to first get the rigs, then drill, and then then set up the system to recover, transport and refine that oil. This is what no one wants to tell the public. If you want oil quickly, you have to drill on land. If you want to wait 5 or more years, talk off-shore. And then, having talked about oil, someone better find someplace in North America that will permit refineries to be built. And that means someone better have the guts to over-ride state and local environmental laws and reviews and get them permitted and then built. In many countries, these issues don't even arise. A refinery is considered industry, puts billions into the economy, and is fast tracked. Frankly, no oil executive in his right mind will even attempt to build more refining capacity here. So, you'll get some oil - maybe, sometime, but you'll never refine it here.

Better
I was afraid this was going to be yet another weasel politician promising lower gas prices if we would just drill now. Those of you who think that this is possible, think of it this way. You just walked across the country in 1804 and discovered a gold mine in Nevada in the middle of a desert. You need tools, you don't have any. You need lots of help to cut through the rock but there is no one around for thousands of miles. You need to train these people if you find them. You need to build something to transport your gold because it doesn't exist. So when can you start spending your new-found wealth? What makes all of you "Drill here, drill now, lower prices" crowd think that it works differently with oil?

I'm all for drilling and the sooner the better but to do it on the promise of immediate relief at the pump is just plain ignorant and for politicians (hello Michelle Bachmann) to say that is just cynical political demagoguery. What WOULD help to point out that drilling and exploring will create many thousands high-paying manufacturing and service jobs. We need to build oil platforms, oil rigs, refinery equipment. We need to train many thousands of new people to staff the whole thing. Jobs, jobs, jobs!!!

Those who are against drilling are making a very compelling and factual case against it. If we are too dumb to counter them with a more compelling factual case for it, we will be exposes as the liars we are. Prices are NOT going to be going down anytime in the foreseeable future. Get used to it.


Redlac, you write in part...
".....but it will take 5 years or more to first get the rigs, then drill, and then then set up the system to recover, transport and refine that oil."

Yes, and if we wait until next year to begin, it will take 5 years or more from then. Sorry, I just don't understand the logic of not beginning the process now, for the reason that it will take 5 years to see any benefit. That's like saying we shouldn't plant a garden this spring because we won't be able to harvest it until next fall.

Get ready for Monday prices
Two major pipelines in Nigeria have been blown up by militants in past 24 hours or so against Shell and Chevron amounting to 345,000 barrels/day production shut down. There is nothing anyone can do to bring oil prices down. Add to that news that OPEC will not increase production (in spite of the latest Saudi announcement that they will increase production by 200,000 bbl/day next month). There are no short term solutions but we need to start doing EVERYTHING NOW to stop it from becoming fatal later. Once we start tapping into SPR, it's all over.

OPSSSSSSSSS #54
"commodities"..... Sorry

The Nigeria problem in context
Nigeria is the 13th largest oil producer in the world. 346,000 bbl/day represents a cut of 16% of their total daily production. Pretty aggressive speculating if you ask me. These events happen on a regular basis. They dwarf any effect speculators may have on the market. Even if speculators WERE the main reason prices are high, the very fact that they CAN control price is THE definitive signal that we are at peak oil.

solutions
Well, it's never been as simple an answer of just drill now. Thats one part.

Drill now to meet growing demand from developing economies 5-10 yrs down the road.

Develop new alternatives now to replace oil 20yrs down the road. This will take yrs but will be done by inventive, American, free market capitalists - not Comrade Gore and his minion Obama.

Stop devaluing the currency oil is traded on, the $.

A nuclear powerplant, charging lithium ion battery powered auto engines is a good start - google the Tesla car. The gov't just has to figure out how to replace all that tax money they receive from gas. Until then, they won't want a solution.

On Iran nukes and Israel
I was listening to a discussion among CBOE traders yesterday and they were of the opinion that an attack on Iran might cause a spike in oil prices of as much as $150/bbl. They were talking about $250-300 bbl for oil overnight. That is probably the only reason Iran will get their nukes. It is also the most compelling reason why we have to drill NOW and put all alternatives on a fast track, particularly by killing Cap and Trade and substituting that bill with a "Gag and Deport" Bill for environmental lawyers.

michigander comment #57
I wish I had said that.

OIL SPILLS Are Real
I worked on cleaning up Prince William sound, and it was heartbreaking. Until you've tried to wash the oil off a struggling bird with dishwashing soap, you will never fathom the destruction an oil spill wreaks.

Since Exxon-Valdez, we have had 7 major oil spills, some of which caused catastrophic damage. The most recent in the United States being:

2006 June 19, Calcasieu River, Louisiana: An estimated 71,000 barrels of waste oil were released from a tank at the CITGO Refinery on the Calcasieu River during a violent rain storm.

The most recent global oil spill:

2007 South Korea December 7, South Korea: Oil spill causes environmental disaster, destroying beaches, coating birds and oysters with oil, and driving away tourists with its stench. The Hebei Spirit collides with a steel wire connecting a tug boat and barge five miles off South Korea's west coast, spilling 2.8 million gallons of crude oil. Seven thousand people are still trying to clean up 12 miles of oil-coated coast.

Our politics should have nothing to do with protecting our environment.

Michigander
I didn't say don't start now. Simply pointed out that if we do start drilling now, we're 5 years away because we're keeping all sources available on land off the scope. Further, I also pointed out that most of this oil will not be refined here - it will be shipped over seas and refined there, dumped back into the international market, and then resold. The great illusion some seem to have is this concept that "if we produce it here, it stays here and we can provide all of our own needs". That's not how it works. Indirectly, it's true. But not directly. To make it direct, we'd have to build new refineries. But to build a refinery here means that where-ever you propose to build it, you'd have to pass the scrutiny of a laundry list of local and state laws, let alone federal laws. It took us 30 years to get here. It's systematic and progressive. Americans have absolutely no immediate means to have any affect on oil prices at this point, other than strengthen the dollar, or reduce consumption. That's it. We'll pay these prices for the next 5 years.
And, if we don't stop screwing around on ANWAR, the volume may not, by then, given international consumption, have much impact on prices here. The same story holds true for nuclear. Aside from the fact that we haven't built a plant for almost 30 years - Meaning almost anyone with a scintilla of knowledge in the US as to how to do it - is long gone and buried, you have the same hard reality as to where you build them. Name me one major city or major port that's going to fast track them. What most don't seem to get - is that the Feds can authorize, but they don't permit them. The states, Counties and cities do.

Don't understand "FUTURES" contracts?
I don't see any gas lines, do you? There is no real "shortage", there is a FUTURE shortage.

Speculators buy or sell crude oil and gasoline contracts for FUTURE delivery based upon where they think the price is GOING TO BE AT THAT SPECIFIC DATE. If they think the price is going lower, they will "short sell" those same contracts and make just as much money. Guessing wrong is VERY VERY expensive! That is why drilling now, or EVEN ANNOUNCING A PLAN to drill in the near future puts VERY STRONG downward pressure on prices.

Why do you think gasoline is only about two bucks/gallon in Mexico? Because they have their own crude and don't have to buy it on the world market. They don't have to buy futures contracts to hedge their costs.

Why is the dollar sinking? because we are buying crude from other countries with dollars and we have a very unbalanced "balance of payments" with those countries. They can then use that oil money to buy up american businesses and property.

The way to lower gas prices is to DRILL HERE, DRILL NOW and REPEAL the INSANE law that is preventing us from developing OIL SHALE.
+
BUILD REFNERIES! Did you know that we are importing a lot of refined gasoline because we can't refine enough here?
+
Build nuclear power plants.
+
Encourage development of nano-technology batteries and "plug in" cars. They will not only take pressure off of oil supplies, they will be in direct competition with oil.

One more thing that would help a LOT...

BURN NANCY PELOSI, MAXINE WATTERS, HARRY REID and their ilk AT THE STAKE!

BTW... Why is the 8% profit margin the oil companies make on gasoline a "windfall" profit? Is the 15% the government takes a "windfall" tax? The government doesn't find the oil, refine the oil, distribute the gasoline etc.etc. yet they want MORE!

canada canada canada
i dont clain to know any of the ahswers as far the cost of oil is concerned. for all i know what we are paying now is lower then the price that god herself would like to see. but i do believe that canada has sonmething to do with it. anyone who writes about the price of present day gasoline aithoutmentioning canada is lieing or ignorant. you cant discuss one without discussing the other since canada supplies us with more oli than any other country, including OPEC. we get about 43 per cent of out imported oil from canaca. how can you possibly keep talking about what saudi arabia or timbucktoo are doing without talking about what canada is doing? they are our major supplier and they charge the same as any other country. you might almost say that since they are our major supplier they are the ones who set the price per barrel.

Buddy
Thats real sad about the bird and all, but my boss needs me to get to work in the morning and doesn't give a rats @ss about cleaning a spill on the Korean coast. Lets just try to face reality and not dream about utopia.

Buddy
Not to take away from the seriousness of oil spills...

Just to put things into perspective, there is always oil seepage from natural sources in the ocean that make the oil spills you mentioned pale by comparison.

Nuclear Power Is The Way To Go
I live near two nuclear power plants. One has been in operation over fifty years. The other about half that. There has never been a major mishap at either.

At the newer one they are beginning to build two more reactors. If there is anything negative about either,I can't imagine what it is.

The Global Warming crowd do not want an answer to what they call 'a problem' they just want to own us. It is their new religion and will be our downfall. A path to a socialist/Marxist government,controlled by the left.

MRCMRC
RE: Canada

Actually, we buy oil from oil companies IN Canada as opposed to buying oil from Canada itself. Some of those companies are publicly owned with much of the stock in the hands of U.S. citizens.

An oil company can sell its crude (it they are not refining it themselves)on the open market at the "spot" price (the going price that day) or they can sell it on contract for delivery on a certain date. Companies producing oil may be offering contracts to buyers today for oil they will deliver in October or even next year sometime. The price on the contracts is negotiated through the commodities exchanges. These are the so called "oil futures" contracts.

If I think that a lot of new oil is coming on line and that the price will be lower next February, I might want to "short" February 09 oil. That is, I would guarantee to sell a 1000 bbl contract on oil I don't even own yet at $130.00 a bbl for delivery in Feb. 09 and if I am right, I will be able to buy that oil at the then going price of (for example)$90.00 bbl for a profit of $40,000. If I am wrong and the price in Feb. is $150 bbl, I would lose $20,000 on the contract because I would have to pay the difference to make the delivery.

Oil refining companies buy the contracts to hedge against uncertainty as do big oil consumers like airlines.

oil spills
I am with you Buddy, on the negative affects of oil spills. I'm afraid that alternatives are 20 yrs away, even if we start today. I'm all for ending the use of oil as soon as technology allows.

Numbers Dont Lie
*
A SIMPLE QUESTION:
___Are you better off now than 2 years ago when you voted for Democrat CHANGE....?

___GAS-20006 $2.25, GAS-2008 $4.25
____FOOD PRICES up 30-40%
_____YOU VOTED FOR CHANGE YOU GOT I

CAN AMERICA AFFORD ANY MORE "CHANGE" ?

Barrack Obama/2008__he wants to do WHAT?

This Congress Stinks
In 2006 when Nancy Pelosi took over, gas was $2.30 a gallon. She promised to LOWER prices. Well, what bill has Congress passed (and Bush subsequently vetoed) that would have lowered prices? Answer: none. Why? There is a war between the Republicans and Democrats and the American people are the collateral damage. The parties in Congress are like two little bratty children who cannot get along. They have done real damage. Vote them all out! Anyone who does not support new drilling should lose their job immediately.
Congress has become so corrupt that they are no better than a Banana Republic government. They take no responsibility and just blame the Administration. How weak. They need to go and they need to go now!

Please Drill
However.. China and India, the two biggest "new" oil economies, along with "Chavez county" are subsidising the importation of oil at the consumer level.. this is an unfair economic policy along the lines of the agricultural business.. Congress, President..HELLO..Where is the prostations at the World Trade level. We should be SCREAMING at these folks.. shut down your illegal subsidizing scheme or pay the difference.. It was done under NAFTA with Canuckistan's lumber business.. I know it can be done here as well
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