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'Free Our Oil' [Pelosi]
The Wall Street Journal: Review & Outlook ^ | July 15, 2008

Posted on 07/14/2008 10:53:30 PM PDT by Uncle Ralph

That was House Speaker Nancy Pelosi's catchphrase last week as she continued to grope for an energy policy. One of her ideas was to request "a small drawdown" in the Strategic Petroleum Reserve, no irony intended. At least President Bush has finally called the Speaker's bluff by rescinding the 1990 executive ban on offshore energy exploration.

With Mr. Bush's belated decision yesterday, Congress's moratorium on offshore drilling is now the last major political barrier to increasing domestic oil-and-gas production. Yet Democratic leaders have refused to schedule even a single hearing on the topic. House Appropriations Chairman David Obey recently shut down the annual budget process rather than allow Republicans to offer drilling amendments. He and the Speaker know that if they allow a vote, moderate Democrats are sure to defect and the offshore moratorium could end.

Ms. Pelosi called Mr. Bush's announcement "a hoax" and made a few cracks about "the oilman in the White House," continuing the Democratic strategy of blaming everyone from industry executives to "speculators" for the energy crunch. But none of those compare to world-wide demand, tight spare production capacity and inflation – the real causes of today's record high oil prices. Easing access to the Outer Continental Shelf, with its likely low-end estimates of 86 billion barrels of oil and 420 trillion cubic feet of natural gas, is one of the few responsible long-term remedies.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events; Politics/Elections
KEYWORDS: 110th; bush; congress; democrats; drilling; energy; gasprices; obey; ocs; offshoredrilling; oil; pelosi
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1 posted on 07/14/2008 10:53:31 PM PDT by Uncle Ralph
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To: Uncle Ralph

If they only had a brain, the Republicans could ride this pony all the way to November.


2 posted on 07/14/2008 10:55:20 PM PDT by Jeff Chandler (Tagline for sale or rent.)
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To: Uncle Ralph

What possible reason could the Democrats have for not drilling? I mean one they can live with other than a power grab?


3 posted on 07/14/2008 11:01:04 PM PDT by LiteKeeper (Beware the secularization of America; the Islamization of Eurabia)
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To: Uncle Ralph
Congress's moratorium on offshore drilling is now the last major political barrier to increasing domestic oil-and-gas production. Yet Democratic leaders have refused to schedule even a single hearing on the topic.

This is good, isn't it? Doesn't the moratorium sunset in October? That would mean no new legislation = no moratorium.

4 posted on 07/14/2008 11:03:55 PM PDT by Prokopton
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To: Uncle Ralph; Nailbiter; BartMan1
It's probably the most obvious thing in the world to anyone else, but it finally occurred to me the other day why the libs don't want to privatize Social Security. I'd always assumed that they didn't want to give up control, which is true enough. But control of what?

I got this from another thread, it's originally from Boortz.

Brace yourselves:

TRYING TO EXPLAIN A TRILLION

Yesterday on my fine radio program I told you that the total unfunded liabilities for Social Security and Medicare amounted to $41 trillion dollars. That's with a "T". Our government has promised $41 trillion dollars to Social Security and Medicare recipients without any plan to raise the needed money.

So .. just how much is a trillion? Sure, there are plenty of zeros, twelve, to be exact – but that doesn't begin to explain things. So let me take a stab at it.

Have you ever asked for something from someone and had them reply "Just give me 5 minutes." Fine --- but what if he says "Just give me 1,000 minutes ... or a million? Or a billion?" Here's the breakdown:


* 1000 minutes would equal just less than 17 hours. You'll get what you asked for before the day is out.
* 100,000 minutes would be almost 70 days. Check back with your friend later.
* One million minutes? Look for whatever you need in just less than 2 years.
* One billion minutes? That's going to take a while. Try 1,900 years.
* One trillion minutes? Well, today is 2008. Your wishes will be fulfilled in the year 1,903,377, unless your friend steps things up a bit. That's 1,901,369 years from now. Let us know how that works out for you.

Now .. .do you have a better idea how deep in the red we are for Social Security and Medicare? Thank your local vote-buying politician.

Part of the problem is that most Americans actually think, if that's the word, that there is a Social Security Trust Fund out there. There isn't. There never has been. Every penny of Social Security taxes collected every month that is not needed to pay current benefits is transferred to these hideous vote-buying politicians to be spent. If any private pension company in any State in this Union dared to operate in this manner the company would be shut down and the officers put in jail. But not our congress --- they operate this way openly year after year, and then demand your praise, not your condemnation.

When in the hell are the American people going to wise up?

I also read on a thread here on FR that the de-valuation of the dollar may have been intentional by the administration to fend off the Chinese making a run on the Treasury and collapsing the US economy.

Between the liberals and the Iranians and the Chinese... we might as well give up, we're surrounded.

5 posted on 07/14/2008 11:05:44 PM PDT by IncPen (We are but a moment's sunlight, fading in the grass ...)
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To: LiteKeeper

Pelosi is a useful idiot. She actually believes the earth is doomed unless she saves it.


6 posted on 07/14/2008 11:06:27 PM PDT by Steve Van Doorn (*in my best Eric cartman voice* 'I love you guys')
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To: Uncle Ralph

The only hoax is that the plastic surgeon told Nancy he could make her look normal.


7 posted on 07/14/2008 11:08:18 PM PDT by doug from upland (8 million views of HILLARY! UNCENSORED - put some ice on it, witch)
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To: IncPen

“We’re surrounded... that simplifies our problem.” - USMC Lieutenant General Lewis Burwell “Chesty” Puller


8 posted on 07/14/2008 11:10:07 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Uncle Ralph

I predict gasoline at $6.00 a gallon at about the same time that the approval rating for congress hits 6%. You go, BHO, we’ll kick your a$$ on this, and ride it into the Whitehouse.


9 posted on 07/14/2008 11:12:00 PM PDT by matthew fuller (I'm John McCain, and I hereby repudiate and disavow all Republican and Conservative values.)
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To: Prokopton; Uncle Ralph; IncPen; Jeff Chandler; LiteKeeper
This is good, isn't it? Doesn't the moratorium sunset in October? That would mean no new legislation = no moratorium.

Oh I bet that back when the moratorium was being reauthorized last time the DemocRATS thought it was a good idea to have them set to expire just one month before the 2008 presidential election so they could beat Republicans over the head about the "environment".

10 posted on 07/14/2008 11:13:51 PM PDT by Paleo Conservative (Drill Here. Drill Now. Pay Less.)
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To: Uncle Ralph

Voting for Democrats guarantees we will never be free from foreign oil economic slavery. Because Democrats will never let the american people develop our own independant fuel resources. You can’t build enough wind mills or Solar panels, build enough electric cars, to replace our present webnergy needs...not in 10 years, not in 20...and what are we supposed to do in the mean time???


11 posted on 07/14/2008 11:17:12 PM PDT by DGHoodini (Nor shall my sword sleep in my hand)
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To: LiteKeeper

One word. PROSPERITY! They couldn’t stand to see that happen during the Bush administration.


12 posted on 07/14/2008 11:17:36 PM PDT by Always Independent
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To: Always Independent

13 posted on 07/14/2008 11:19:19 PM PDT by counterpunch (John McCain - For the LOVE of Country)
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To: Uncle Ralph

Only a liberal could see advantage in releasing a “small amount of oil” from the strategic reserve over pumping large amounts out of our own ground.

Imagine, if the “small amount” she calls for from the strategic reserve will reduce prices, how much more could a large amount from off-shore and ANWR reduce prices.

Oh wait, never mind, we are dealing with a liberal mindset.


14 posted on 07/14/2008 11:21:22 PM PDT by DakotaRed (Don't you wish you had supported a conservative when you had the chance?)
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To: Jeff Chandler
If they only had a brain, the Republicans could ride this pony all the way to November.

That's one of their problems.

Chairman of the GOP - Clueless.

Photobucket

15 posted on 07/14/2008 11:27:08 PM PDT by Cobra64 (www.BulletBras.net)
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To: counterpunch

Aside from the stinking price of gas and a few other things, I am better off. But by no means because of that person. She needs drilling.


16 posted on 07/14/2008 11:28:55 PM PDT by Always Independent
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To: Uncle Ralph

Gee, gas at $4.5, Iraq winding down in victory. Obama running out of money.

Things are really not turning out like the dems planned this week, and it’s still only tuesday.


17 posted on 07/14/2008 11:29:34 PM PDT by Wiseghy ("You want to break this army? Then break your word to it.")
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To: Prokopton

Yes, one awesome game of chicken.


18 posted on 07/14/2008 11:31:25 PM PDT by dila813
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To: Uncle Ralph
"the oilman in the White House,"

Gosh, she's funny .... looking. This woman isn't just an incompetent boob, she's also a menace. This nincompoop, right now, is THE obstacle to drilling on our soil.

19 posted on 07/14/2008 11:56:20 PM PDT by sofaman (Moses dragged us through the desert for 40 years to bring us to the one place in the ME with no oil.)
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To: Jeff Chandler
If they only had a brain, the Republicans could ride this pony all the way to November.

I've been saying that for months. They really are The Stupid Party...

20 posted on 07/15/2008 1:21:00 AM PDT by backhoe (Just an old keyboard cowboy, ridin' the Trakball in to the Sunset...)
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To: Jeff Chandler

Yep, but it won’t be talked about at all. Republicans don’t seem to grasp that the media isn’t going to make their case for them like they do with Democrats. That the media isn’t going to report things fairly. So every opportunity they get in front of a camera, talk about it! Get the word out for crying out loud. McCain’s silence (aside from his whisper voice) is deafening.


21 posted on 07/15/2008 2:35:10 AM PDT by autumnraine
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To: Prokopton

October would be too late to do anything before the election, but not too late to grab the credit before the election of drilling here now.


22 posted on 07/15/2008 2:36:07 AM PDT by autumnraine
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To: backhoe

Check out H.R. 6260. There’s one congresscritter left who’s not asleep at the switch.


23 posted on 07/15/2008 2:37:33 AM PDT by tgusa (Gun control: deep breath, sight alignment, squeeze the trigger .....)
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To: IncPen

Never Neal. The answer is never. They are not going to wisen up until they are destitute and sitting in the corner crying. And then they will look around to who they can point the finger at to blame.


24 posted on 07/15/2008 2:38:23 AM PDT by autumnraine
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To: tgusa
Check out H.R. 6260. There’s one congresscritter left who’s not asleep at the switch.

Thank you- looking now... Rep. James Forbes, eh? http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.6260:

25 posted on 07/15/2008 2:47:50 AM PDT by backhoe (Just an old keyboard cowboy, ridin' the Trakball in to the Sunset...)
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To: Jeff Chandler
If they only had a brain, "PAIR," the Republicans could ride this pony all the way to November

And that goes for the presumptive nominee, Juan McLame.

He, the eunuchs at the RNC and the Pube Congress-critters (the majority of which are RNIO's) are conspicuous by their near silence on this issue.

Sheeesh!!!

26 posted on 07/15/2008 2:52:19 AM PDT by Conservative Vermont Vet ((One of ONLY 37 Conservatives in the People's Republic of Vermont. Socialists and Progressives All))
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To: sofaman

You think the average American sees this isn’t about Bush making money? I think most are dumb as bricks, but can see that the “war for oil” didn’t turn out as they screamed it would and that Bush making money while we are sitting here paying out the butt for gas... well, I think most don’t care if he makes money if it lowers their gas bill. I said last night, they cannot comprehend that the Bush Hatred Train hasn’t taken them as far as they thought.


27 posted on 07/15/2008 2:58:31 AM PDT by autumnraine
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To: autumnraine

The other day I passed a the sign at a dentist’s office, and they had spelled out :”Pelosi: Do what we do- drill”.


28 posted on 07/15/2008 3:10:43 AM PDT by visualops (artlife.us -nature photography desktop wallpapers)
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To: visualops

Oh, that is brilliant. I think I like your dentist. My dentist is a Republican too. He is an excellent dentist too, not that it has anything to do with it. But just a good guy, very patient and doesn’t jam the needle in. Goes real slow to let it numb and my 12 year old didn’t even feel the shot when she got a tooth pulled. That is saying something too, cause kids are looking for the pain to whine about it. Or at least mine are.


29 posted on 07/15/2008 3:23:51 AM PDT by autumnraine
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To: LiteKeeper
I don't even see this as a power grab. If it is they just blew it! The whole country now is aware of who is and has been obstructing our energy policies!

What we need to do is get up on this high horse of theirs and start breaking it. The way to do that is to get the information out to the general public that Democrats blocked viable energy strategies that included both oil and alternative energies 3 times during the month of May.

They want to scream at the public to use alternatives; then they need to get their agency the EPA to lift the recently issued 2yr moratorium on solar energy and get them into the build mode.

The biofuel model has proven to be more unsustainable and more costly than drilling for oil. It has failed as a viable alternative.

Demand the reason why the Gas Petroleum Refiner Act, S. 1503, introduced by Senator Inhofe, is stuck in committee since 5/24/2007.

Isn't there some way the GOP can force this issue to the floor?

I don't think any congresscritter should be permitted to go on vacation until this is dealt with in the best interests of the American public. And if that means they can't hit the campaign trail to pay lip service to their constituencies then that is what I mean.

The GOP should stay in Washington and work towards creating an energy plan, while the democrats go play in the campaign field. The GOP has been handed a silver platter of a campaign strategy.

The whole nation is watching them. At an approval rate of 9% on a democratically controlled congress the country is getting p-off. Most Americans are starting to realize it is the dem. strategies that have driven the current economic downturn. Bubbles may have burst, but it is their strategies that are exacerbating the problems, not helping.

30 posted on 07/15/2008 3:53:42 AM PDT by EBH ( ... the riotousness of the crowd is always very close to madness. --Alculin c.735-804)
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To: LiteKeeper
They want the price of oil to stay high, allegedly so the government will invest in alternative energy and so the suffering “oil addicted” Americans will start to conserve instead of driving SUV’s.

“Oil makes us sick”, according to Harry Reid, and it pollutes our planet, doncha know? /sarcasm (Not the Harry Reid part, he was deadly, and hilariously, serious.)

31 posted on 07/15/2008 3:59:47 AM PDT by singfreedom
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To: Jeff Chandler

Yeah.

So you know McCain and our Congressmen will avoid it like the plague.


32 posted on 07/15/2008 4:12:58 AM PDT by gogogodzilla (Live free or die!)
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To: gogogodzilla

Enough of the useless attacks on the Republicans...jeez at least the R’s have been consistant on the VOTING for more domestic OIL...what have the idiot Dims been doing? Nothing productive...We have to wake up, we have only 1 horse as lame as it is we have nothing else to ride.


33 posted on 07/15/2008 4:35:11 AM PDT by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: Uncle Ralph

I’m starting to believe that some vast number of American idiots still believe that the republicans control congress and plan to vote more stupid rats into office.

Perhaps the republicans should inform Americans that they no longer control congress. Nahh, that would require brains to develop a strategy.


34 posted on 07/15/2008 4:55:17 AM PDT by sergeantdave (We are entering the Age of the Idiot)
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To: sergeantdave

P.E.T.R.O.L.

The Public Employee Transportation and Responsible Opportunity Law

We the people being sovereign masters of our servant government do hereby amend the California Constitution as follows:

All Public Employees and Public Servants, who are residents of The State of California, shall in all cases, use Public Transportation to and from work, there shall be no exceptions, or
exclusions for any person under any circumstances ever. Any private Citizen or Legal Resident who can demonstrate to a reasonable person that this amendment has been violated shall be Exempt from all fines, fees, assessments and Taxes for a period of 1 year.

WE NEED PETROL

eyeamok


35 posted on 07/15/2008 5:01:25 AM PDT by eyeamok
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To: Uncle Ralph
Congress's 27-year ban typically comes in the form of a rider to annual spending bills. This year the ban expires on September 30.

The Rats in Congress don't have the horsepower to extend the ban further past Bush's veto. I'd say that they are in real trouble on this, thank God!

36 posted on 07/15/2008 5:07:00 AM PDT by Virginia Ridgerunner ("We must not forget that there is a war on and our troops are in the thick of it!"--Duncan Hunter)
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To: Paleo Conservative

Interesting theory, but these things are typcially set through Fiscal Years. The new fiscal year spending period begins October 1. That’s why the ban ends on September 30, based upon it being part of an annual appropriations bill.


37 posted on 07/15/2008 5:08:54 AM PDT by Virginia Ridgerunner ("We must not forget that there is a war on and our troops are in the thick of it!"--Duncan Hunter)
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To: EBH
They want to scream at the public to use alternatives; then they need to get their agency the EPA to lift the recently issued 2yr moratorium on solar energy and get them into the build mode. July 2nd, they lifted the ban. It was so much of a disaster, they killed it before they even got going on the stupidity. I was on one of the climate boards, and was asking sensible questions about alternatives, and why there were bans on solar and the wind projects in North Carolina and Mass. were both being put on hold. All three were at one point cited as environmental concerns. The greenies bashed me over the head with the "lie" that I'd just put out about the ban. I responded with the article about it. The responded with an article showing me that it had been rescinded. It was, according to the greenies, a lie, until I showed them that it had, in fact, been true. Then, when it was rescinded, it was once again, a lie. No arguing logic with people who think left is right and up is down and man can't change the world, but man can destroy the world. Paul
38 posted on 07/15/2008 5:13:22 AM PDT by spacewarp (Gun control is a tight cluster grouping in the chest and one in the forehead.)
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To: spacewarp

Markup is our friend.

Sheesh.

Sorry about the bad formatting. Should have previewed.

Paul


39 posted on 07/15/2008 5:16:49 AM PDT by spacewarp (Gun control is a tight cluster grouping in the chest and one in the forehead.)
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To: Cobra64

Spread the word - Contact congress today July 15th

Flood them with your calls and emails
enough is enough

DRILL OR GET OFF THE HILL!!


40 posted on 07/15/2008 5:17:03 AM PDT by mouse1
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To: Uncle Ralph

Dear Nancy,

Yes Dear, there is an Oilman in the White House. I don’t suppose it has occurred to you that you personally have NO EXPERIENCE AT ALL with the Petroleum Industry. Your comments are childish, and your practical solutions to the crisis are nonexistant. You are a big part of the problem, rather than the solution - you should just get the h*ll out of the way and let the grownups fix it.

And these people want to nationalize the Oil Business? We would be paying $10.00 a gallon six months after they took over.


41 posted on 07/15/2008 5:23:12 AM PDT by Rockhound
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To: spacewarp
Thanks for the update.

Do you have a link to the rescinded statement?

42 posted on 07/15/2008 5:31:20 AM PDT by EBH ( ... the riotousness of the crowd is always very close to madness. --Alculin c.735-804)
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To: sofaman

Pleading with all to contact congress today July 15th

Flood them with your calls and emails

enough is enough
we are a government for the people, by the people
and the people have spoken
Drill or get off the hill

Pelosi email if anyone is interested sf.nancy@mail.house.gov


43 posted on 07/15/2008 5:31:47 AM PDT by mouse1
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To: Always Independent
Aside from the stinking price of gas and a few other things, I am better off. But by no means because of that person. She needs drilling.

Now THERE's a mental image I could have done without!!!!

44 posted on 07/15/2008 5:34:07 AM PDT by MortMan (Those who stand for nothing fall for anything. - Alexander Hamilton)
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To: EBH
Never mind..found it.

Interesting it took an independent to get it done. At least he didn't miss the opportunity. http://www.sanders.senate.gov/news/record-print.cfm?id=300079

45 posted on 07/15/2008 5:38:44 AM PDT by EBH ( ... the riotousness of the crowd is always very close to madness. --Alculin c.735-804)
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To: mouse1

I find it interesting that SanFranNan believes that increasing supplies through release of the Strategic Petroleum Reserve

will reduce gas prices,

but increasing supply through domestic production will not.


46 posted on 07/15/2008 5:40:22 AM PDT by MrB (You can't reason people out of a position that they didn't use reason to get into in the first place)
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To: Uncle Ralph
Get all your friends to sign the American Sollutions, "Drill Here, Drill Now" petition.

Join the 1,333,011 people who have signed the petition.

47 posted on 07/15/2008 5:40:34 AM PDT by FreeAtlanta (Search for Folding Project - Join FR Team 36120)
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To: IncPen

You hit on an underlying theme of the Dem’s future strategy. A little now from SPR will eventually become a lot as we squander our emergency savings of oil made over the years for the short term benefit of a few pennies in gasoline savings.

Pelosi’s “just release a little oil from SPR” is ominously a harbinger of things to come when it comes to Social Security.

Like the SPR, which is inplace to take care of catastrophe and built up through many years of toiling in small increments, American’s 401ks and IRAs are set up for similar situations. Much hard work, after many years, in small increments, these things pile up to benefit us on a strategic basis in retirement when we need to call on them.

Watch carefully as the Dems tread into 401k and IRA territory to “save Social Security”. They will, like SPR cry “just release a little of your 401k/IRA” to save Social Security. You will lose your hard earned money compiled over years when a little becomes a lot as those who have saved up for years are forced to “give” in order to save the solvency of the System.

The Dems will start with those who have the most, then trickle down to the real money which the middle class possesses.

Think this cannot happen, taking your 401k/IRA and giving it to SS? Think again. The Government will claim that, since no taxes have been paid on the money put in, it has a claim on it.

Yo have to understand the liberal philosophy: all money belongs to the government, not to those who have earned it.

We need to thank Speaker Pelosi for alerting us to what is eventually in store for Social Security and our retirement accounts.


48 posted on 07/15/2008 6:06:59 AM PDT by bestintxas
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To: EBH

http://latimesblogs.latimes.com/greenspace/2008/07/feds-backtrack.html


49 posted on 07/15/2008 6:15:03 AM PDT by spacewarp (Gun control is a tight cluster grouping in the chest and one in the forehead.)
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To: bestintxas
You will lose your hard earned money compiled over years when a little becomes a lot as those who have saved up for years are forced to “give” in order to save the solvency of the System.

Understand me clearly: if this ever came to pass, I would go to Washington with a gun. And I am most assuredly not the only one.

My view is that the government's only hope is to inflate their way out of it.

50 posted on 07/15/2008 6:41:15 AM PDT by IncPen (We are but a moment's sunlight, fading in the grass ...)
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