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Politics, Oil Prices, Opec Cartel,
Total Views: 5207 - Total Replies: 3
May 28 2008, 2:47 pm - By Motorcarservice


"A Vote That Would Make a Difference in People's Lives"

Who's to blame for our high gas prices? The oil companies? The Saudis? OPEC? The answer, unfortunately, is closer to home: The "No-We-Can't" Left in Congress.

Last Thursday, with oil at $124 a barrel, liberals on the Senate Appropriations committee voted to block environmentally sound development of oil shale in Colorado.

According to the Investors Business Daily there are an estimated 1 trillion barrels of oil trapped in shale in the U.S. and Canada. Retrieving just a tenth of it would quadruple our current oil reserves.

But the "No-We-Can't" Left in Congress -- as they're prone to do -- said no, and Americans will pay the price. Colorado Senator Wayne Allard (R) put it best when he said: "If we are really serious about reducing pain at the pump, this is a vote that would make a difference in people's lives."

Saudi Arabia Did More Last Week to Lower Gas Prices Than Congress Did

The Left just doesn't seem to get it. They spent much of last week ridiculing the President for visiting Saudi Arabia in an effort to lower oil prices. Here's what Senator Chuck Schumer (D-NY) said on Friday:

"The president seems to value his friendship with the Saudis more than his obligation to help the American people with gas prices."

But what Senator Schumer doesn't seem to understand is that the Saudis did more last week to lower oil prices than liberals in Congress did.

While liberals were voting to prevent domestic production from oil shale, the Saudis, following President Bush's visit, agreed to boost their oil output by 300,000 barrels a day. It won't fix the problem, but at least it won't make it worse, which is exactly what liberals in Congress did last week.

As Americans, we all need to ask ourselves the following: Which is it -- the Congress or Saudi Arabia -- that has a greater obligation to ease our energy prices? And which is the greater obstacle to energy independence and security?

The Left's Answer: More Pain, Not More Production

As I mentioned, the higher energy prices Americans are paying are the equivalent of a huge tax increase. One economist calculated that the price of oil rising from $80 a barrel to $100 a barrel had the same effect on Americans' pocket books as a $150 billion tax increase -- and the price of oil has risen an additional $27 since then!

So how is it that the liberals in Congress, faced with an opportunity like the one last week to lessen this burden on Americans, could reject it without a second thought?

Once again, the answer seems to boil down to three little words: "No we can't."

As I mentioned, the higher energy prices Americans are paying are the equivalent of a huge tax increase. One economist calculated that the price of oil rising from $80 a barrel to $100 a barrel had the same effect on Americans' pocket books as a $150 billion tax increase -- and the price of oil has risen an additional $27 since then!

So how is it that the liberals in Congress, faced with an opportunity like the one last week to lessen this burden on Americans, could reject it without a second thought?

Once again, the answer seems to boil down to three little words: "No we can't."

Americans Can Control Our Own Energy Destiny

Our energy and environment challenges are real. But America has the technological know-how and the entrepreneurial spirit to overcome them. And, as I pointed out last week, Americans overwhelmingly support more domestic production of energy to help ease gas prices.

We -- not the Saudis or the oil companies -- control our energy future. We just need the political will to do so.

High energy prices aren't theoretical, they have real consequences for real people. The answer, to paraphrase Ronald Reagan, isn't easy, but it's simple -- so simple it could fit on a bumper sticker:

Drill Here
Drill Now
Pay Less

For information on how you can help, click here.

Your friend,

Newt Gingrich

 

 

 

Paul's Motor Car Service
Apr 16 2009, 9:12 pm - Replied by: Motorcarservice


Seems everyone forgets about the need to drill for our own oil now that gas prices are 2.00 a gallon range.  Opec crashed the economies of all countries that relied on them for oil.  They will do it again. It was a windfall of profits.  Prices drop, we get off the drill for oil bandwagon, they will leave us to recover and prices will rise do to demand for oil as we grow our economies again.

This doesn't have to happen.  Its so simple.. we have so much oil, natural gas, and coal available.  We just need  to get it!

How stimulating to our economy would it be if we drilled for oil and natural gas in lots of area's, Give coal burning plants big tax cuts to clean up their emission and build lots more nuke plants.  In the mean time, we continue building  Wind Turbine Farms,  use solar where practical, and continue developing Hydrogen fuel cell technology.

Think of all the jobs in the Oil fields, Gas wells, Coal mining, Coal plant updating, Building and installing Wind turbines... I would think that it would be a nice bump in employment, and at the same time, making the USA much more self sufficient energy wise.

I didn't do the math, but would think the tax cuts given to coal plants to modernize and clean up emissions would be paid for by the  taxes on the companies doing the work, the employee's doing the works wages, and the general economic activity generated by big construction projects like that.  They only get the tax cut if they spend lots to clean up emissions.

All the talk of being Green is nice, and we should work toward that.  But in all reality, look around you while your in traffic.  When will 10% of the cars around you be propelled by a fuel source other than gasoline or Diesel fuel?  Good question, isnt it!  I bet 10 years from now would be close.  In the mean time, we are letting other countries control our economy to an extent, while incredible amounts of US leave our country and add to the trade deficit that is already out of control.

Paul's Motor Car Service
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