The Economy Killers
Posted by: Confederate Yankee at 10:15 AM
Comments
1
The obstinate stupidity of this stand is actually, as is often the case in politics, oddly reassuring. Proposition A): The entire Dem package has absolutely NO chance of reducing prices and is certain to RAISE them, even the serious prospect of their passage will spike oil ever higher. Proposition B): Americans will not stand for ever escalating prices when there is oil beneath their feet. C): The alleged popularity of "environmentalism" is chimeric, a paper-tiger at best that can only survive when it is nearly cost-free at the consumer level.
Do Pelosi/Reid know A? Unless they are fully whacked out, yes. B? Oh, you bet. That is why the determined deflection. Where they fall down is C. Greenism is their religion and as such is not amenable to revision or even inspection. The Green/Marxists who reliably return the obvious loon, Pelosi are actually a tiny and affluent minority even in California. Even Democrats are way over half in support of offshore. If they knew what the hell oil shales are they would be even more for that. ANWR may yet prove a tactical advantage for McCain. His willingness to leave that untapped (for today) can let those reluctantly abandoning the strictest tenates of the Green faith ally themselves with him in a "pragmatic" move. Johnnie has a serious opportunity here and it is not going away because, now or five weeks from now, the Dems will do nothing that has the merest chance of lowering prices. If they truly believe $10 and $12 dollar gas is in the national and global interest they had better be prepared to suffer at the polls. Suffer mightily.
Do Pelosi/Reid know A? Unless they are fully whacked out, yes. B? Oh, you bet. That is why the determined deflection. Where they fall down is C. Greenism is their religion and as such is not amenable to revision or even inspection. The Green/Marxists who reliably return the obvious loon, Pelosi are actually a tiny and affluent minority even in California. Even Democrats are way over half in support of offshore. If they knew what the hell oil shales are they would be even more for that. ANWR may yet prove a tactical advantage for McCain. His willingness to leave that untapped (for today) can let those reluctantly abandoning the strictest tenates of the Green faith ally themselves with him in a "pragmatic" move. Johnnie has a serious opportunity here and it is not going away because, now or five weeks from now, the Dems will do nothing that has the merest chance of lowering prices. If they truly believe $10 and $12 dollar gas is in the national and global interest they had better be prepared to suffer at the polls. Suffer mightily.
Posted by: megapotamus at August 01, 2008 11:51 AM (LF+qW)
2
Ya know something?
Ive been going through a program called troops2roughnecks. It is a class put on by the troops transition team.
Well we had our first class today, and I learned an interesting tidbit of information that the politicians seem to ignore.
Like any big business, oil and drilling companies do things with tactical intent. Back in the 70s and 80s the drilling companies drilled thousands and thousands of oil and natural gas wells off the coast of the US, then capped them. They do this because they, and everyone else, knows that business is an investment. So you drill and cap, then when market price rises you extract. That way you did a bulk of the work at a lower price. Then the ban was enacted, so these wells sat and were not exploited.
Now we are looking at the ban being lifted.
According to the instructor who has over thirty years of experience in the oil fields, and has worked in everything from a routabout to CEO claims that the oil (and these are proven wells) can be turned over to market within six months. SIX MONTHS!
According to him, there were over 3000 wells dug in the Gulf, around a thousand dug off the coast of California, and between 500 and a thousand dug off the east coast. He says that something like 90% of them were proven oil.
Ive been going through a program called troops2roughnecks. It is a class put on by the troops transition team.
Well we had our first class today, and I learned an interesting tidbit of information that the politicians seem to ignore.
Like any big business, oil and drilling companies do things with tactical intent. Back in the 70s and 80s the drilling companies drilled thousands and thousands of oil and natural gas wells off the coast of the US, then capped them. They do this because they, and everyone else, knows that business is an investment. So you drill and cap, then when market price rises you extract. That way you did a bulk of the work at a lower price. Then the ban was enacted, so these wells sat and were not exploited.
Now we are looking at the ban being lifted.
According to the instructor who has over thirty years of experience in the oil fields, and has worked in everything from a routabout to CEO claims that the oil (and these are proven wells) can be turned over to market within six months. SIX MONTHS!
According to him, there were over 3000 wells dug in the Gulf, around a thousand dug off the coast of California, and between 500 and a thousand dug off the east coast. He says that something like 90% of them were proven oil.
Posted by: Matt at August 01, 2008 04:48 PM (rHW2R)
3
Here's an interesting little tidbit:
Today Sen. McConnell offered several Unanimous Consent requests to lift the ban on deep-sea exploration. Democrats objected.
But it got worse!
He asked if Democrats would allow increased deep-sea exploration if the price of gas reached a national average of $4.50. Democrats objected.
He asked if Democrats would allow increased deep-sea exploration if the price of gas reached a national average of $5.00. Democrats objected.
He asked if Democrats would allow increased deep-sea exploration if the price of gas reached a national average of $7.50. Democrats objected.
He asked if Democrats would allow increased deep-sea exploration if the price of gas reached a national average of $10.00. Democrats objected.
The designated objector was Sen. Salazar of Colorado, for those who are interested.
The video can be found here.
Today Sen. McConnell offered several Unanimous Consent requests to lift the ban on deep-sea exploration. Democrats objected.
But it got worse!
He asked if Democrats would allow increased deep-sea exploration if the price of gas reached a national average of $4.50. Democrats objected.
He asked if Democrats would allow increased deep-sea exploration if the price of gas reached a national average of $5.00. Democrats objected.
He asked if Democrats would allow increased deep-sea exploration if the price of gas reached a national average of $7.50. Democrats objected.
He asked if Democrats would allow increased deep-sea exploration if the price of gas reached a national average of $10.00. Democrats objected.
The designated objector was Sen. Salazar of Colorado, for those who are interested.
The video can be found here.
Posted by: C-C-G at August 01, 2008 07:56 PM (3XBK8)
4
Yup, sounds about right.
I am just about convinced that the left is deliberately attempting to destroy this country.
And they wonder why their approval rating is lower than any other.
I am just about convinced that the left is deliberately attempting to destroy this country.
And they wonder why their approval rating is lower than any other.
Posted by: Matt at August 01, 2008 08:19 PM (rHW2R)
5
We're printing up signs and tacking them to gas pumps in Iowa: Please Vote Democratic this fall for $10/gal gas. Save our environment!
Chickens coming home to roost, indeed.
Chickens coming home to roost, indeed.
Posted by: redherkey at August 01, 2008 10:31 PM (kjqFg)
6
"...the oil (and these are proven wells) can be turned over to market within six months. SIX MONTHS!"
This is the perfect fact to use to explain to people why the oil futures prices, that is, the oil price quoted by the media, always drop at the mere SUGGESTION that we may once again start producing our own oil. There are other, more obscure reasons, too, but this one everyone can grasp instantly.
The world oil markets know all about those capped wells even if our fuzzy headed media elites do not.
This is the perfect fact to use to explain to people why the oil futures prices, that is, the oil price quoted by the media, always drop at the mere SUGGESTION that we may once again start producing our own oil. There are other, more obscure reasons, too, but this one everyone can grasp instantly.
The world oil markets know all about those capped wells even if our fuzzy headed media elites do not.
Posted by: Bill Smith at August 01, 2008 11:18 PM (dcDTW)
7
First and last time I'll read this blog.
What is the obsession with promoting filthy, dangerous forms of energy? The off-shore drilling will be included in a final bill. The dems are just making sure it won't be the same Big Oil Party jackpot the wingers have provided in the past.
Yours is the party that can't see beyond the next quarterly profit. Yours is the party that sold America out to foreign investment with abandon, killing environmental and labor conditions in trade packages that would make trade fair, not free. Your party has never seen a body of pristine water as anything other than a convenient place to dump your industrial and human waste. Your party is brain damaged by drinking at the Big Oil well for decades. A huge majority of the world hates you, except, of course all those Mid-East billionaires you happily transferred our wealth to all these years, killing alternative energy transportation innovations (but lo-ooving those "financial innovations the Market conjured up!) until the floor gave out.
The 527's write themselves.
What is the obsession with promoting filthy, dangerous forms of energy? The off-shore drilling will be included in a final bill. The dems are just making sure it won't be the same Big Oil Party jackpot the wingers have provided in the past.
Yours is the party that can't see beyond the next quarterly profit. Yours is the party that sold America out to foreign investment with abandon, killing environmental and labor conditions in trade packages that would make trade fair, not free. Your party has never seen a body of pristine water as anything other than a convenient place to dump your industrial and human waste. Your party is brain damaged by drinking at the Big Oil well for decades. A huge majority of the world hates you, except, of course all those Mid-East billionaires you happily transferred our wealth to all these years, killing alternative energy transportation innovations (but lo-ooving those "financial innovations the Market conjured up!) until the floor gave out.
The 527's write themselves.
Posted by: Becca at August 02, 2008 08:36 AM (AhORU)
8
And what would you suggest we do to fix our energy problem? Let me guess, NOTHING!
Posted by: Matt at August 02, 2008 09:48 AM (rHW2R)
9
Becca, what are we going to use, if not oil, to power our vehicles? Gonna put a sail on top of your oh-so-fashionable VW Bug? Enjoy walking to work on a calm day. Same with solar and a cloudy day (like we have today--and all too often--in the northwestern USA).
Electric? Well, where are we gonna get the electricity? Wind and solar have the same problems listed above... besides, the high-and-mighty (read: Senators Kennedy and Kerry, among others) don't want windmills on their coast, where it would spoil the view they've spend so many millions to get. Coal and natural gas, which are used now, are also "dirty." And you greenies won't let us use nuclear power, despite the fact that Europe gets a lot of its power from nuclear; one of the few times that the left doesn't want us to follow Europe.
So would you have us return to the days of horse and buggy? You realize that the "emissions" from a horse are even dirtier than those from a gas engine, and are a perfect breeding ground for lots of illnesses. Or maybe you lefties would call that animal cruelty towards horses and have us all walk?
I could go on, but I think I've poked enough holes in your wacky post. Please, feel free to stay away.
Electric? Well, where are we gonna get the electricity? Wind and solar have the same problems listed above... besides, the high-and-mighty (read: Senators Kennedy and Kerry, among others) don't want windmills on their coast, where it would spoil the view they've spend so many millions to get. Coal and natural gas, which are used now, are also "dirty." And you greenies won't let us use nuclear power, despite the fact that Europe gets a lot of its power from nuclear; one of the few times that the left doesn't want us to follow Europe.
So would you have us return to the days of horse and buggy? You realize that the "emissions" from a horse are even dirtier than those from a gas engine, and are a perfect breeding ground for lots of illnesses. Or maybe you lefties would call that animal cruelty towards horses and have us all walk?
I could go on, but I think I've poked enough holes in your wacky post. Please, feel free to stay away.
Posted by: C-C-G at August 02, 2008 10:35 AM (3XBK8)
10
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Posted by: dwkffytlfomk at August 04, 2008 07:52 AM (/56oy)
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