The Real 'Energy Crisis' Big Oil is getting smaller--and that's bad for America.

WSJ ^ | 2 Jan 06

[rellimpank]

BY HOLMAN W. JENKINS JR. Monday, January 2, 2006 12:01 a.m. EST

Sen. Byron Dorgan, who keeps himself deliberately uninformed about the workings of the private sector lest it cast him into doubt about his easy demagoguery, recently castigated the oil industry for "buying back stock, hoarding cash and drilling on Wall Street." He is one of several who've backed legislation to confiscate the industry's "windfall profits" if companies don't reinvest the money in new energy projects.

[Cicero]

These are the grandchildren of the idiot politicians who wrecked the railroad industry in America because the railroad magnates were "robber barons." So they went after the railroads for about sixty years, until they succeeded in destroying them.

But if they succeed in wrecking the oil industry, we'll really be in the soup.

[rellimpank]

--yep--I think the first sentence says it all about Dorgan---

[cynicom]

The people bringing us socialism are workers/unions, or capitalists?????

Father of socialism was a capitalist and the same have owned and operated it since.

[Alberta's Child]

The railroad industry was "destroyed" in this country because political leaders rightly understood that the very nature of railroading was such that it had an inordinate amount of control over the U.S. economy. Many of the financial crises this country faced in the latter decades of the 19th century were tied to problems in the railroad industry. A strike or other service disruption on the Pennsylvania Railroad or the New York Central, for example, could bring the entire nation to a halt -- as raw materials could not be delivered to industrial users, grain could not be delivered from farms, etc.

This was one of the primary factors in the U.S. government's decision to implement the original Federal Highway System after World War I -- to provide a competitive environment to transportation that really didn't exist before.

[Mind-numbed Robot]

The Democrats are Communists and Dorgan is one of the worst. Communists hate free enterprise and are constantly trying to destroy it through taxes, regulation, and law suits by their fellow travelers, the trial lawyers. The MSM is their propaganda arm.

[Ken522]

Albert's Child, you have some incredible images on your FR-home page! That's a lot of mileage for a 'Jersey-person .. ;-)

[Alberta's Child]

You ain't kidding. LOL.

Some beautiful country out there. I worked out there for a couple of years, and I still do business out there now.