According the April 16, 2007 edition of Forbes Magazine, "big oil" only controls 5% of the world resources:
Posted on 07/17/2008 6:56:03 AM PDT by Ron in Acreage
Despite President Bush's less-than-subtle jab this week, Florida is not the reason why gas prices are more than $4 per gallon.
On Monday, Mr. Bush indulged his passion for empty symbolism by lifting a presidential ban on offshore oil and gas drilling, a ban his father established. The gesture is symbolic because Congress would have to go along, and Congress won't, primarily because Democrats won't.
(Excerpt) Read more at palmbeachpost.com ...
I already dropped one.
Let’s see - this “symbolic” and “empty” rhetoric that dropped crude prices by largest amount in 27 years. And it didn’t even take a drill bit to do it.
Anyone agree on this being just symbolism or do we agree that this is rubbish talk by a another lib who can’t see the facts when they stare them in his face?
very interesting comments... .
Really? I always thought legislation was initiated in the House and then onto the Senate. Since Nancy's controlled the show since 2006, why is it "Bush's fault"? True, Bush has remained silent for too long, but with an approval rating of 9%, I think Nancy needs to jump in and grab her fair share of the blame.
You should see the op eds on a daily basis. Marxist drivel every day. Duct tape required.
Not symbolic. The price of gas and oil went down in response.
Did the MSM cover this and the stimulus that caused it?
I think not.
The Congressional Ban expires at the end of September, before the election. They'll have to vote to put it back/keep it in place. That'll warm voters to the Dems.
I actually heard one “top of the hour update” mention it in a somber tone as if the $9 per barrel drop was bad news.
Come to think of it, it is bad news. For democrats. Just like our successes in Iraq.
This “symbolic” move also clears the way for drilling after September 30, when the Congressional ban expires.
I was not aware of that. Thanks for the heads up.
The democrats will probably pull a fast one and hold a vote at midnight on a friday.
I was not aware of that. Thanks for the heads up.
The democrats will probably pull a fast one and hold a vote at midnight on a friday.
Did the MSM cover this and the stimulus that caused it? I think not.
Precisely
"But bizarrely, the AP didn’t mention that on Monday — again, the day of the single biggest one-day drop in oil prices in five years — President Bush removed the executive order imposing a moratorium on offshore drilling in the United States...
According the April 16, 2007 edition of Forbes Magazine, "big oil" only controls 5% of the world resources:
I heard about it on a couple channels.
How does it matter, I thought no one paid any attention to AP anyway.
gas went down..?? when ?? where?? in my area it actually jumped 10 cents a gal early this week and hasn’t moved since .
Why then, does everyone make fun of the tree-huggers that drive alternative fuel autos?
Congress has to explicitly pass legislation extending it, and the legislation has to not get vetoed
I remember my dad coming home with a new Ford Pinto during the 70’s. I believe he kept it for 6 months. What a piece of crap. It was nothing but new large Buicks after that.
Alternative fuels? Are you talking about used french fry oil? Every time I pull up to a pump it’s always gas or diesel.
Maybe when McDonalds starts installing used oil pumps in their drive throughs, I might consider a conversion kit.
I think people make fun of them because they feel most people driving those vehicles are primarily doing it for dubious reasons (global warming) and not for better reasons such as economic savings and achieving independence from Mideast oil. Just my opinion of course.
You don’t think people that drive those vehicles are doing it to save money on fuel? OK
You don’t think people that drive those vehicles are doing it to save money on fuel? OK
My Pinto was one of the best vehicles I’ve owned.
Some are but up until recently that wasn’t the primary reason for driving a hybrid (IMHO). I do think the recent surge in hybrid demand is a result of high fuel prices. I think its certainly true that as gas prices have risen, the economics of driving a hybrid have gotten a lot better. The overall economics of hybrids is more than just fuel prices. Hybrids cost more than the standard version of the same car, they have higher battery replacement costs, and I believe offhand that they have higher repair costs.
I would love to see hybrid owners polled to see what their primary reason for owning one is. I’d still say the result would be environmental reasons BUT saving on fuel costs would be the choice of a higher % then, say, 2 years ago.
I would call saving fuel to be an environmental reason.
My comment to this bird cage liner:
Is the Post’s hatred of George Bush so deep that it is willing to continue to send $700 billion dollars a year to our mid-eastern enemies for the rest of the foreseeable future - that is until the US is bankrupt?
Oil is, and will remain a critical commodity until we can figure out how to fly an airplane with an extension cord!
Go back and look at some of Bush’s earlier speeches and you will see that he favored energy conservation, alternative sources, etc. You can read all of them at the Whitehouse.gov website. He can only suggest, he can’t legislate.
Spills from offshore drilling constitute about 1$ of the total and that figure can be greatly reduced by better on scene clean-up technology that is available.
By contrast, the vessels bringing in the increasing amounts of oil from outside the U.S. cause about 4$ of the spells.
Most, however, stem from seepage and other natural causes.
These are realities you will not see addressed in the leftist, in the tank for the Democrats MSM.
A lot of hybrid owners do it as a status symbol also. Especially those in Hollywood etc. They buy hybrids and then get in their private jets from Cali to NY on a regular basis.
As far as savings go, it takes at least 7 years to break even on the savings in fuel to cover the higher cost of the vehicle. I also read and saw on the news that a hybrid has a larger carbon footprint than a Hummer over the life of the vehicle. From manufacture to disposal.
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