Re: Democrats Solve Oil Crisis!

On May 28, 2:14 pm, Sordo <sordo @ privacy.net > wrote:
Democrats SolveOilCrisis!

By JOHN REINIERS
In My Own Words
Published: May 28, 2008http://www2.hernandotoday.com/content/2008/may/28/democrats-solve-oil...

"Democrats have a commonsense plan to help bring down skyrocketing gasprices..." Republicans "continue to give the American people empty
rhetoric rather than join the Democrats who are working to lower gaspricesnow." So said Majority Leader Nancy Pelosi, D-Calif., on April
19, 2006.

Well, Democrats have been in charge of the House of Representatives for
more than two years now, and the price of gas is a whopping $1.61 higher
than it was when they took control of the House and Senate — a 58
percent increase!

What was their plan in 2006? It was to empower the Federal Trade
Commission and Department of Justice to investigate and prosecuteoil
companies engaged in price gouging and market manipulation. How would
they prove this? By doing what they do best: Govern by subpoena.
They started by subpoenaing Republicans by the bucketful to investigate
past "misdeeds," then shifted to steroid use in baseball, and finally
got to "BigOil" by grilling their CEO's as you read this. (More
populist pandering to their base.) About all they can prove is these
guys make hefty salaries, and that the problem is really supply and
demand.

As to supply, over the years Democrats have effectively shut down U.S.oilcompanies from costly exploration by prohibiting offshore and ANWR
drilling (Arctic Natural Wildlife Refuge.) It is guesstimated that ANWR
would yield maybe 1.5 million barrels per day and that the Gulf of
Mexico has about 40 billion barrels in reserve. (China has a deal with
Cuba and is already doing exploratory drilling off the Florida coast.
Ouroilcompanies cannot.) Democratic environmentalistshateoil
refineries. They loathe coal: We have a 200-year supply. (China builds a
new coal plant every three days.) They reject nuclear power.
And to top it all off, the House passed a bill to sue OPEC overoilpricesand production. Talk about political pandering and arrogance.
Democrats talk about Bush imperialism and yet they are writing laws to
govern the rest of the world. We certainly do not have equity on our
side. We want OPEC to increase their production, yet Democrats refuse to
allow our companies to drill foroilin our own U.S.! Drill foroil
anywhere but in our back yard. (My dislike of OPECoiloligarchs is,
that like Saddam Hussein, they siphon off all the profits for
themselves. At least in the U. S. a substantial amount ofoilcompany
stock is owned by pension funds which share in the dividends.)
As to demand,oilguru T. Boone Pickens figures peakoilproduction to
be at about 85 million barrels a day. Demand is at 87 million. China and
India are becoming large consumers, with China alone doublingoil
consumption during the past 10 years. The industrial revolution was a
huge success because of the widespread use of fossil fuels. The rest of
the world is now enjoying economic growth and prosperity because of its
consumption of energy, which added to ours, is at a rate greater than it
is being replaced.

We are probably right now in the midst of a major global energy paradigm
shift because of energy consumption, which will require prodigious
advances in science and technology. I believe this will happen. But
success will also require experienced, extraordinary leadership both in
the executive and legislative branches. Unfortunately, I don't see this
happening. It'll be politics as usual.

So the Democrat's "commonsense plan" worked like a charm — if their goal
was to raise the price of gas for the consumer. Their slavish devotion
to the "Gore" theory of the cause of global warming has also prompted
proposed legislation that will create a complicated system called
emissions trading or "cap-and-trade," which will set caps on emissions
and allows trading in resulting emission allowances as though they were
securities.

This subject goes well beyond this column, but it has failed in Europe,
and one can only imagine the political chicanery and cheating, as
companies lobby forhighlimits in emission allowances. Most experts
think that placing a price on carbon dioxide, either through this scheme
or through a tax, will result in punitive costs to lower income
families. In fact in March, Roy Innis, the chairman of the Congress of
Racial Equality, warned that Democrats were "Slowly destroying the
energy system we have, and we are promoting an expensive,
environmentally harmful illusory energy system that exists only in
theory and environmental rhetoric ... We are harming our poorest
families ... This must not and cannot continue."

Sen. Tom Coburn, R-Okla., said it best: "All we need is two or three
more years of not doing something stupid and the science will regain the
debate instead of the political activists, and we'll have policies based
on science and not emotion."

With the election season upon us, and with the odds favoring liberal
Sen. Barack Obama, along with a majority Democratic House, and a
filibuster bulletproof 60-plus seats in a Democratic Senate, we can be
assured that they will do "something stupid." They will have total
control of the country.

John Reiniers, a regular columnist for Hernando Today, lives in Spring
Hill.

If you are fed up with high gas prices please go to Herman Cain's
website for easy instructions about what to do. The URL is
http://wsbradio.com/inside/herman_cain.html Click on "Do Something
Now" There you can easily email Senators Bingaman and Domenici to urge
them to pass The American Energy Production Act, Senate Bill 2958.

Please email them. It's the only way to change their mind.

Thanks,

Russ
.

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