Republican Oil Scam
Health care costs booming, energy costs booming, cost of education booming, food costs booming, inflation booming, American wages stagnant for years, yet have no fear, John McCain and the “gas tax holiday” are here! Honestly, why is it that when Americans, well, when 95% of Americans are being squeezed to death and oil prices are through the roof that Republicans want to sell and manipulate them into consuming more oil?
In the last week we’ve seen McCain propose the laughable and panderific gas tax holiday, which will do nothing other than increase oil company profits and take money out of the roads and highway state budgets. Now today, President Bush gets into the action and has the audacity to bring up drilling in ANWR. Yes, President Bush your fearless forward thinking agenda has struck again to save Americans from absolving themselves and their environment from oil and discovered another maneuver to ensure more lavish profits for big oil.
Reuters, analysis:
Gerald Kepes, head of the upstream oil and gas practice at the PFC Energy consulting group, said if the Interior Department had begun leasing tracts in ANWR in 2003 the first oil would had probably been flowing in 2012.
“This all assumes that there would be no environmental challenges,” said Kepes, as lawsuits to block drilling could take years to resolve. “Really, 2015 is more then likely.”
Opening ANWR could have made current prices worse because Saudi Arabia may have delayed increasing its oil production capacity, making world supplies tighter and prices higher.
“Since there is a worldwide market for oil, increases in production in one place (like ANWR) could be offset by decreases in production someplace else to keep the prices high,” CAP’s Weiss said.
whereIstand Tags
April 29th, 2008 at 6:31 pm
Stop spending money we do not have which will help strenghten the dollar,take the tax breaks from the oil companies and give them to transport companies.Then we must get serious about conserving,maybe the high cost would give people the incentive.Also it may help to not piss the people off that live in the region that supplies most of the oil.