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McCain Is Exactly Wrong on Energy
nro ^ | 6/11/08 | Larry Kudlow

Posted on 06/11/2008 1:46:26 PM PDT by Fred

Sen. John McCain delivered a nearly pluperfect supply-side tax-cut plan yesterday, one that is worthy of conservative support, and frankly a real eye-opener showing just how good he can be. I wrote about it in my latest column.

But then he goes on NBC’s Today Show this morning and gets the whole energy story wrong. Oh my gosh.

When asked about gas prices at the pump, and whether they could go any lower, Sen. McCain said he didn’t think so because “You’ve got a finite supply, basically, and a cartel controlling it.”

This is exactly wrong. There is no finite supply, or if there is we are 100 years away from it. I don’t know who has put this thought into the senator’s mind, but it is a bad thought in terms of energy and a bad thought in terms of the politics of this campaign.

Look, we have the Bakken fields, the outer continental shelf and all the offshore drilling opportunities, ANWR, and so forth. There’s probably over a trillion barrels worth of reserves out there. And Republicans in the Senate are trying to move a deregulated drilling bill through the process. McCain should be backing this and talking about it.

Democrats are out there pushing cap-and-trade, which would jack up gasoline and oil energy prices, damage the economy, and create a massive central-planning exercise. The Democratic Congress has done nothing to alleviate the oil shortage. They’re captured by the greenies. They should be blamed.

This is a real turnaround issue for the Republicans and Mr. McCain. But McCain’s not going there.

Incidentally, in the Today Show interview, the senator takes a whack at oil-company profits, suggesting they should return some of these profits to consumers. And he would consider voting for a windfall profits tax. And then he used the phrase “obscene profits.” Make that two oh my goshes.


TOPICS: Politics/Elections
KEYWORDS: 110th; 2008; capandtrade; energy; energygasprices; energypolicy; issues; kudlow; larrykudlow; mccain; mccaint; oil; rino
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1 posted on 06/11/2008 1:46:26 PM PDT by Fred
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To: Fred; pissant

I predict a distinct lack of McCain buttkissers on this thread.


2 posted on 06/11/2008 1:47:51 PM PDT by Crazieman (Vote Juan McAmnesty in 2008! Because freedom abroad is more important than freedom at home!)
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To: Fred

*sigh*

We had at least two candidates who I was paying very close attention to who got this issue.

I’m still hoping that McCain ends up with Romney (or anyone!) as a running mate and ends up actually learning about liquified coal, synthetic petroleum, and drilling. Because right now, the guy seems clueless.


3 posted on 06/11/2008 1:50:44 PM PDT by CaspersGh0sts
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To: Crazieman; Perdogg

Well, I’ll see what Perdogg has to say. LOL


4 posted on 06/11/2008 1:50:51 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: Fred

Republicans need to ask themselves if they really want a republican in office when people start freezing to death over the winter.


5 posted on 06/11/2008 1:50:54 PM PDT by cripplecreek (I miss the days when only the politicians were unethical.)
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To: Fred

He’s not all bad, he likes nuclear power.


6 posted on 06/11/2008 1:51:38 PM PDT by Little Ray (I'm a Conservative. But I can vote for John McCain. If I have to. I guess.)
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To: Fred

Tell McCain to change his views on domestic drilling, here.

http://www.johnmccain.com/Contact/


7 posted on 06/11/2008 1:51:59 PM PDT by Signalman
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To: Fred
McCain keeps flying his liberal colors and exposing his ignorance of economics. At least it is ignorance in his case. Obami's commie leanings are willful and fully supported by his leftist backers.
8 posted on 06/11/2008 1:52:24 PM PDT by Myrddin
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To: Crazieman; pissant
Time for Juanito to introduce the "Drill More Pay Less Act of 2008" in the Senate...
9 posted on 06/11/2008 1:53:05 PM PDT by Fred (The Democrat Party is the Nadir of Nilhilism)
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To: Fred

“Democrats (AND JOHN MCCAIN) are out there pushing cap-and-trade, which would jack up gasoline and oil energy prices, damage the economy, and create a massive central-planning exercise. The Democratic Congress (AND JOHN MCCAIN) has done”

That’s his problem, correct on an important issue but then another issue he’s wrong to the point that he cancels out the first issue as a plus.


10 posted on 06/11/2008 1:54:01 PM PDT by stockpirate (Conservatives are becoming the swing vote McCain needs to win, hold tight.)
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To: Fred; freekitty; oswegodeee; MinuteGal; Free ThinkerNY; justiceseeker93; Clintonfatigued; ...

As a lifelong Conservative Republican (going back to Goldwater), I’m horrified that McCain is the best our party can come up with. God help us all! I’m embarrassed beyond words and disgusted even more that the GOP has no guts, no spine, and no gonads. We have brave Americans putting their lives on the line to protect and defend our country. We have human waste in DC that supposedly represent us. What a joke; they represent their own quest for power, greed, and egos. I’m outraged beyond words that I can post here.

Somehow, someway, people that cherish this country, cherish our freedoms, and want to preserve our greatness for our children and grandchildren, have got to take back our country before these jokers give it to our enemies!


11 posted on 06/11/2008 1:54:44 PM PDT by ExTexasRedhead
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To: Fred

NO NO *whack on head* bad Mccain we don’t alienate our base! That’s how we lose the election.


12 posted on 06/11/2008 1:55:04 PM PDT by utherdoul
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To: Fred

McCain is right. He has no solution either. There is no solution. We’re going full speed right off the cliff.


13 posted on 06/11/2008 1:58:03 PM PDT by RightWhale (I will veto each and every beer)
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To: Little Ray

thats because he knows its not going to happen.

how brave of him. sarc


14 posted on 06/11/2008 1:58:09 PM PDT by kennyboy509 (Ha! I kill me!)
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To: Fred

What’s sad is that if the pubs made a concerted effort to push a good energy policy, they’d stomp all over the dems this fall.


15 posted on 06/11/2008 1:58:43 PM PDT by JamesP81 (George Orwell's 1984 was a warning, not a suggestion)
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To: ExTexasRedhead

You were a goldwater girl?


16 posted on 06/11/2008 1:58:49 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: Fred

“Democrats (AND JOHN MCCAIN) are out there pushing cap-and-trade, which would jack up gasoline and oil energy prices, damage the economy, and create a massive central-planning exercise. The Democratic Congress (AND JOHN MCCAIN) has done”

That’s his problem, correct on an important issue but then another issue he’s wrong to the point that he cancels out the first issue as a plus.


17 posted on 06/11/2008 1:59:32 PM PDT by stockpirate (Conservatives are becoming the swing vote McCain needs to win, hold tight.)
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To: ExTexasRedhead
Comes on at 7pm est. Kudlow will just go off on McCain over this

Kudlow and Company on CNBC

A freeper said that Kudlow is an advisor to McCain...If he is McCain and his 'team' better start listening...
18 posted on 06/11/2008 2:00:24 PM PDT by Fred (The Democrat Party is the Nadir of Nilhilism)
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To: Fred

The oil companies could score some public relations points by starting a program offering reduced price gas to people on a means-tested basis. The Pharma companies and Walmart did it with prescription drugs and it helped get the RAT media off their backs (at least temporarily). I am not saying they should be FORCED to do it, it would be a voluntary program that would get them some good will.


19 posted on 06/11/2008 2:01:10 PM PDT by Hacklehead (Crush the liberals, see them driven before you, and hear the lamentation of the hippies.)
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To: Little Ray
He’s not all bad, he likes nuclear power.

He can like it all he wants. The reality is that we can't even build an oil refinery in America, let alone the many nuke plants we need.
20 posted on 06/11/2008 2:01:31 PM PDT by cripplecreek (I miss the days when only the politicians were unethical.)
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To: Fred

Bill O’Reilly is on the same wavelength as McCain. He keeps harping on the the “obscene” profits being made by the oil companies. He never mentions the need for expanded domestic drilling. BOR thinks we can become energy self-sufficient with wind, solar and ethanol. Not in my lifetime!

What is wrong with BOR?


21 posted on 06/11/2008 2:01:32 PM PDT by Signalman
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To: Crazieman
The butt kissers will be here, posting their so-called “facts.” They remind me of the Giulianites of old. It's the same argument: “Get cancer with us or they'll give you AIDS.”
22 posted on 06/11/2008 2:02:04 PM PDT by Luke21
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To: CaspersGh0sts

“Because right now, the guy seems clueless.”

No, he is clueless.

he’s been doing beer bong hits on global warming.


23 posted on 06/11/2008 2:03:03 PM PDT by stockpirate (Conservatives are becoming the swing vote McCain needs to win, hold tight.)
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To: Bobkk47
What is wrong with BOR?

Ummm... He's not a conservative?

24 posted on 06/11/2008 2:03:16 PM PDT by Double Tap
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To: cripplecreek
Republicans need to ask themselves if they really want a republican in office when people start freezing to death over the winter.

Not me man. I've got a 55 gallon drum and endless scrap wood within walking distance.

25 posted on 06/11/2008 2:03:44 PM PDT by Stentor (Obama supporters. Letting the little void do the thinking for the big void.)
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To: Fred
There is no finite supply, or if there is we are 100 years away from it.

National Review needs to find a real energy advisor and a real economist. Finite supply in 100 years is, guess what folks, finite supply. Instead of going forth in flagrant disregard of clear signs and deliberately inviting our grandchildren to desecrate our graves over our failure to heed clear signs, we ought to start actually doing something. Theories about peak oil don't mean you run out of oil; but merely that new discovery and develpment grows slowly enough that the price point at which supply intersect demand keeps increasing [which means that windfall profits increase, thereby justifying taxes on "excessive profits."]

We seem to be caught between the maelstrom of the leftwing orthodoxy - well good we can go back to a prehistoric civilization - and the right - problem? What problem? Profits are good. Oil companies are good. [never mind the balance of payments required to import it all]

What 100 years does mean, if we have 100 years is that we have some time, if we start now, to make alternative arrangements, i.e. a robust nuclear program because nothing else can cut it. Responsible conservatives would start addressing how we are going to meet energy demand, and stop this gawdawful pointing fingers at everyone whose solution might not accord with their troglodyte version of "free markets" which we have almost never had in energy supply anyway.

26 posted on 06/11/2008 2:03:52 PM PDT by AndyJackson
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To: Fred
There is no finite supply, or if there is we are 100 years away from it. I don’t know who has put this thought into the senator’s mind, but it is a bad thought in terms of energy and a bad thought in terms of the politics of this campaign.

Look, we have the Bakken fields, the outer continental shelf and all the offshore drilling opportunities, ANWR, and so forth. There’s probably over a trillion barrels worth of reserves out there.

Pie in the sky, Larry. Are you back snorting coke again?

27 posted on 06/11/2008 2:04:43 PM PDT by trane250
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To: Fred

McCain knows nuttin about the economy. Nuttin.


28 posted on 06/11/2008 2:05:02 PM PDT by Nonstatist
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To: ExTexasRedhead

Psa 90:13 - “O Lord, how long must it go on? Take pity on your servants!”


29 posted on 06/11/2008 2:05:57 PM PDT by Old Sarge (CTHULHU '08 - I won't settle for a lesser evil any longer!)
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To: cripplecreek

It’s too late. Something could have been done over the past 30 years. As we drive over the cliff at full speed do not scream since it might awaken a Senator.

The Air Force is in town and they are burning major fuel.

Red Flag exercise, otherwise from the equipment they are flying someone might think a major action is underway.


30 posted on 06/11/2008 2:06:15 PM PDT by RightWhale (I will veto each and every beer)
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To: Nonstatist
McCain knows nuttin about the economy. Nuttin.

Which is why, IMO, he needs Romney as his VP.
31 posted on 06/11/2008 2:07:50 PM PDT by Signalman
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To: Crazieman
"I predict a distinct lack of McCain buttkissers on this thread."

LOL...can't let pesky facts get in the way of their hero.

One big problem (among many others) I have with McCain is with the things he says that I agree with, e.g. win the war, lower taxes, conservative SC nominations etc,. I don't believe he'll stand up for for those priciples.

He'll just simply bend over for the dems to show he can reach across the isle to "get things done"

No McCain butt kisser here!! :^)

32 posted on 06/11/2008 2:07:57 PM PDT by Las Vegas Ron (Election '08, the year McCain defined the word "dilemma")
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To: Hacklehead
The oil companies could score some public relations points by starting a program offering reduced price gas to people on a means-tested basis.

I think the stockholders would have a valid complaint against any executive handing out free cheese . I mean free gas . Maybe the employees will be willing to work for 1/2 pay .

33 posted on 06/11/2008 2:08:25 PM PDT by kbennkc (For those who have fought for it , freedom has a flavor the protected will never know)
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To: Fred

If McCain could grow a brain on this issue, it could be a real winner for him. I really don’t understand why the Republican side are such idiots about getting with a winning message. It’s obvious to me and I’m not a political genius.


34 posted on 06/11/2008 2:09:37 PM PDT by beaversmom
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To: Luke21

“Get cancer with us or they’ll give you AIDS.”

Now that’s funny, thx


35 posted on 06/11/2008 2:09:56 PM PDT by stockpirate (Conservatives are becoming the swing vote McCain needs to win, hold tight.)
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To: Bobkk47
"What is wrong with BOR?"

BOR is an ass when it comes to economics and Katrina. I turn him off when those topics come up on his show lest I hurl something at my TV

36 posted on 06/11/2008 2:11:26 PM PDT by Las Vegas Ron (Election '08, the year McCain defined the word "dilemma")
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To: cripplecreek; kennyboy509
If the congresscritters get the bill to his desk, he'll sign it; If they won't the ‘Pubbies need to make it an issue. If they don't they have only themselves to blame.

You can't say as much B. Hussein Obama, who, like it or not, is the alternative.

37 posted on 06/11/2008 2:11:45 PM PDT by Little Ray (I'm a Conservative. But I can vote for John McCain. If I have to. I guess.)
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To: RightWhale
As we drive over the cliff at full speed do not scream since it might awaken a Senator.

Ha, ha. It reminds me of the joke, "I want to die in my sleep like my grandfather..."

38 posted on 06/11/2008 2:12:02 PM PDT by beaversmom
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To: Las Vegas Ron

BOR is like McCain—not the sharpest crayon in the box.


39 posted on 06/11/2008 2:12:56 PM PDT by beaversmom
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To: zebrahead

Nobody has a solution for the oil problem. Drilling more is a band-aid. It should still be done, but it won’t make a huge difference.

At least nuclear power would reduce the use of coal. That is an attainable goal and with better technology than the 1970’s and 1980’s, nuclear power is the obvious choice.


40 posted on 06/11/2008 2:13:43 PM PDT by zebrahead
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To: Crazieman

Why? They have no shame.


41 posted on 06/11/2008 2:13:54 PM PDT by Doohickey (SSN: One ship, one crew, one screw.)
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To: kbennkc

If oil companies start means-testing gasoline price... I just can’t post it.

The “poor” and “less fortunate” don’t pay their share in the first place. Right now the top 50% of incomes pay 97% of the taxes; needless to say, they also consume government services way out of proportion to their numbers in society.
Lets give the “Evil Rich” a break and to hell with the “poor” and the “less fortunate.”


42 posted on 06/11/2008 2:16:58 PM PDT by Little Ray (I'm a Conservative. But I can vote for John McCain. If I have to. I guess.)
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To: trane250

“ThereÂ’s probably over a trillion barrels worth of reserves out there”

I read in just oil shale in the US we have over 800 billion barrels, several more hunderds of billions of barrels off shore.

Now China and Cuba are drilling 60 miles off the FL coast.


43 posted on 06/11/2008 2:17:04 PM PDT by stockpirate (Conservatives are becoming the swing vote McCain needs to win, hold tight.)
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To: Crazieman
predict a distinct lack of McCain buttkissers on this thread.

They find it really hard to defend their guy when he does this nonsense.

Gotta be one helluva tough job, giving up your pride and common sense to constantly defend a traitor.

Which is odd even more in that McCain doesn't even care what the Conservative base thinks. That's so obvious.

And yet they defend him even as he spits on the Conservative base. McCain is going after the disenchanted Democrats and the so-called "moderates". That's very obvious.

and hey, it might work. The strategy just might get him elected president and THAT'S what McCain cares about.

Now he can't even bow a bit to even what many centrist Democrats think and even more will just as soon as the pubbies grow some and start talking it up.

For the average American most certainly does think we ought to hell drill on our own soil and keep those gas prices rising and soon the ladies at the beauty parlor are gonna wonder why on earth our own elected politicians keep refusing to do such a thing.

It might take $5.00 a gallon gas but sooner or later the mighty beast of the American public, yeah us guys who carry this country on our backs whilst raising the soldiers and citizens of tomorrow, are really gonna wake up and we will all be mad as hell.

44 posted on 06/11/2008 2:17:31 PM PDT by Fishtalk
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To: Fred

God McCain sucks. How can you know so little and become a Presidential nominee? Thank God that my vote does not count here in Maryland. So I can vote my conscience which will certianly not be for Barry Osama or Juan McCrazy.


45 posted on 06/11/2008 2:17:42 PM PDT by CollegeRepublican
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To: Little Ray
If the congresscritters get the bill to his desk, he'll sign it;

And then there would be decades of court challenges costing billions.
46 posted on 06/11/2008 2:17:56 PM PDT by cripplecreek (I miss the days when only the politicians were unethical.)
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To: zebrahead

“Nobody has a solution for the oil problem. Drilling more is a band-aid. It should still be done, but it won’t make a huge difference.”

http://dotearth.blogs.nytimes.com/2008/02/13/federal-lab-says-it-can-harvest-fuel-from-air/index.html?ref=science

Oh, we have solutions to the fuel problem if our country actually has the balls to use the technology we uncover. We could actually lead the world in pioneering this technology and sell the technology to others if we had leadership willing to do something about it and with the vision to make things happen.

But it would require a heavy investment in nuclear technolgy.

And it would probably require the band-aid of more drilling until we got things up and going.

And that’s just it: our politicians REFUSE to develop a long-term, viable energy program.


47 posted on 06/11/2008 2:25:43 PM PDT by CaspersGh0sts
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To: Fred
John McCain's Secret Energy Plan (formerly 'My Energy manifesto'). It is SO secret, you'll never find it on McCain's website:

* Cease all ethanol production. It takes away from food production and the unintended consequence is higher food costs. As diesel prices go up, the cost of farming tips the balance of cost to make ethanol a bad idea. Just say "no" to ethanol! Even Jimmy Carter says that diverting farm production from food to fuel is dumb – even HE gets it. This will create only ONE "blend" of gasoline and will cease regional "boutique" blends (gasohols) which are stupid, costly, and meaningless. Trucking custom blends around the country is wasteful. Ethanol blends get fewer miles to the gallon, and adds to the cost of production and transportation. Newer cars do not need oxygenated fuels.

* Lift the restrictions in order to drill for oil in Alaska, Gulf of Mexico, and other sites in the CONUS as a matter of national security.

* Encourage the petro industry to construct state-of-the-art refineries and/or retrofit current and dormant ones and crank up production for our newly-accessed oil in the CONUS.

* Make all “carbon credit” scams unlawful. Discrediting Algore should have been a slam-dunk a long time ago. Stop electing Reps who buy into the Global Warming / Global Cooling / Climate Change Hoax. CO2 is not our enemy!

* Construct SEVERAL, regional Pebble-Bed Modular Reactors (or other similar modern designs) that are not considered "breeders", are rechargeable, and cleaner than any current nuclear generator design. Breeders are OK, but PBMR's are better. Refine spent nuke fuel for recycling. DO SOMETHING NUCLEAR to resolve energy problems.

* Use the residual heat from the reactors above to process motor fuel from coal and/or shale. Even though Clinton "stole" some of the best coal reserves, we still have a lot to use.

* Become independent enough to make the cartels (i.e. OPEC) inconsequential.

* Convince local taxing bodies to lift or cap the sales tax on gasoline so that as gas prices go up, the local tax collectors don’t see a windfall revenue jump at the expense of the consumer. The Federal government could compel the states (and locals) to cap the fuel taxes.

If you squint real hard, and read between the lines, the ‘manifesto’ will require the dismissal of all RINOs and LibDems and the election of some clear-minded conservatives to even consider any of the above.

48 posted on 06/11/2008 2:26:33 PM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: stockpirate
I read in just oil shale in the US we have over 800 billion barrels, several more hunderds of billions of barrels off shore.

In fact, there may be several trillion barrels of kerogen locked up in the western oil shales. In order to extract kerogen from the shale, massive amounts of fresh water and energy are required as well as the will to see the project through to completion. Unfortunately, we lack all 3 components. A start was made during Jimmy Carter's tenure but it soon shut down.

49 posted on 06/11/2008 2:27:52 PM PDT by trane250
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To: Fred
Whatever comes of November, it's gonna be a LOOOOOONG four years.

*sigh*

50 posted on 06/11/2008 2:31:15 PM PDT by TChris ("if somebody agrees with me 70% of the time, rather than 100%, that doesnÂ’t make him my enemy." -RR)
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