Archive for the ‘oil prices’ Category

Russia invades Georgia

August 10, 2008

While the focus of the world press is on China and the Olympics (Kudos to the US Women’s Saber team for their medal sweep), the Russians unilaterally invaded the sovereign nation of Georgia.

Here is my theory on the Russian invasion. The Russian military is targeting the oil pipelines that run through Georgia. With summer running down, disrupting that flow of energy to the West will increase the value of Russian oil. It will also increase the influence Russia will have over Europe as the temperatures drop.

Update: AoSHQ points out the differences between Obama and Senator John McCain on this issue. Winner: Senator John McCain.

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democrats want higher gas taxes

August 1, 2008

It is official.

The democrats in Congress don’t care if high energy prices destroy the US economy.

Republicans should use a very simple message. We have enough oil to satisfy American needs for at least the next 100 years, but Democrats won’t let you have it. They’d rather you pay $10 per gallon at the pump and watch food prices increase 250% rather than agree to drilling. If you don’t want $10 per gallon gas, vote Republican.

Another one the lefties got wrong…

July 24, 2008

Oil down, dollar up since Bush rescinded drilling restrictions

Remember the leftist mantra about how “if we started drilling now, it wouldn’t effect prices for 10 years.” Well, they got that wrong too, just like Barak Obama’s predictions about the Troop Surge in Iraq. 100%, flat out wrong again. Yes, there is a pattern here.

McCain talks sense, Obama spouts leftist rhetoric

June 17, 2008

According to the Washington Post:

Sen. John McCain called yesterday for an end to the federal ban on offshore oil drilling, offering an aggressive response to high gasoline prices…

The move is aimed at easing voter anger over rising energy prices by freeing states to open vast stretches of the country’s coastline to oil exploration. In a new Washington Post-ABC News poll, nearly 80 percent said soaring prices at the pump are causing them financial hardship, the highest in surveys this decade.

“We must embark on a national mission to eliminate our dependence on foreign oil,” McCain told reporters yesterday. In a speech today, he plans to add that “we have untapped oil reserves of at least 21 billion barrels in the United States. But a broad federal moratorium stands in the way of energy exploration and production. . . . It is time for the federal government to lift these restrictions.”

The US used to produce most of its oil need domestically, but the Carter era “windfall profit” taxes put an end to that. A failed government policy that the Second Coming of Jimmy Carter, i.e. Barak H. Obama, wants to repeat.

What Senator McCain is calling for is just common sense. The market price should start to drop once the feds decide that drilling for oil ten miles closer to shore than the Communist Chinese oil platforms (which are currently 60 miles off the coast of Florida) is OK.

Of course, the democrat response, made by Obama, is the typical Fear Mongering that they excel in. They spout the lie that McCain is “trying to drill our way out of the problem.”

They know this isn’t true, but will push that lie anyway. Drilling is only part of the solution. Proven, industrial scale, domestic energy solutions, such as Nuclear Power, is also needed. Increasing the use of clean, safe, Nuclear energy is something else that democrats oppose out of irrational fear.

The Washington Post article points out that Senator McCain does not share their irrational fear:

McCain backs federal subsidies for building more nuclear power plants, which he considers the best way to reduce U.S. carbon dioxide emissions.

Let’s be honest here, if you buy into the Cult of Algore theory of Carbon Emissions causing widespread Global Warming”, and you oppose Nuclear Power, you are either, woefully ignorant, in denial, or a hypocrite of the first order. Probably a combination of all three.

In addition to Nuclear, other alternate sources of energy should be explored, including biofuels (that doesn’t use food as a source), solar, hydrogen, and others. What we don’t need is the democrat head in the sand solution to our immediate problems. The democrat leadership may not care if their policies (or lack there of) have a serious negative effect on the US economy, but the rest of America should.

Why gas prices have spiked.

May 17, 2008

It’s interesting to note that relatively stable gas prices spiked sharply upwards after the democrats took control of congress. There is a laundry list of reasons why those two items are related. Here they are, by way of Gateway Pundit:

Which party blocked the development of new sources of petroleum?– Democrat
Which party blocked drilling in ANWR?– Democrat
Which party blocked drilling off the coast of Florida?– Democrat
Which party blocked drilling off of the east coast?– Democrat
Which party blocked drilling off of the west coast?– Democrat
Which party blocked drilling off the Alaskan coast?– Democrat
Which party blocked building oil refineries?– Democrat
Which party blocked clean nuclear energy production?– Democrat
Which party blocked clean coal production?– Democrat

Read the whole thing.