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Pelosi: Bush Drilling Proposal a Hoax Unworthy of Serious Debate on Gas Prices
Marketwatch.com ^ | 7/30/08 | Speaker of the House Nacy Pelosi

Posted on 07/30/2008 12:59:11 PM PDT by DallasBiff

Last update: 2:06 p.m. EDT July 30, 2008 WASHINGTON, July 30, 2008 /PRNewswire-USNewswire via COMTEX/ -- Speaker Nancy Pelosi released the following statement today in response to remarks by President Bush on energy this morning at the White House: "The President knows, as his own Administration has stated, that the impact of any new drilling will be insignificant - promising savings of only pennies per gallon many years down the road. Americans know that thanks to the two oilmen in the White House, consumers are now paying $4 a gallon for gas. But what Americans should realize is that what the President is calling for is drilling as close as three miles off of America's pristine beaches and in other protected areas. "The President has failed in his economic policy, and now he wants to say, 'but for drilling in protected areas offshore, our economy would be thriving and the price of gas would be lower.' That hoax is unworthy of the serious debate we must have to relieve the pain of consumers at the pump and to promote energy independence. "Today, the New Direction Congress will vote on legislation to bring down gas prices by taking crucial steps to curb excessive speculation in the energy futures market. The President himself could lower prices by drawing down a small portion of our government oil stockpile, the Strategic Petroleum Reserve. SOURCE Office of the Speaker of the House

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 110th; 2008; bush; congress; democratcongress; democratparty; democrats; domesticoil; donothingcongress; drillheredrillnow; drilling; drillorgetoffthehill; economy; elections; energy; energyprices; environment; environmentalists; envirowackos; gasprices; greenparty; greens; nancypelosi; ninepercentnancy; nobama08; nodirectioncongress; offshoredrilling; oil; oilprices; pelosi; yap; yapyap; yapyapyapyapyap
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To: frankiep
What boggles the mind is that there is absolutely NO ONE on the Republican side with the gonads to call her on her bullcrap.

How right you are. W should grow a pair and call her bluff. 69% of Americans are for drilling. Nancy is just afraid the US might get ourselves out of a problem. She would rather us go down the tubes.

If the RNC had an ounce of sense, it would be all over this issue, as would all GOP candidates. Are you listening McCain?

41 posted on 07/30/2008 1:24:58 PM PDT by Heartland Mom (Build the fence, secure our borders, deport illegals - Protect our sovereignty!)
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To: DallasBiff

Hey 9% Nancy!

ECON 101

1) Increased domestic production reduces oil imports.
2) Reduced oil imports reduces the trade deficit.
3) Reduced trade deficit strengthens the dollar.
4) Strong dollar lowers world wide crude oil prices.

Class dismissed!


42 posted on 07/30/2008 1:25:41 PM PDT by avacado
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To: Slapshot68

Pelosi knows EXACTLY what she is doing.

She KNOWS the Old Media will report her words as truth and then in turn they will write pro-evirowacko propaganda to conform to her words.

Pelosi can say the world is made of caviar and the old media will agree and the voters will vote for her.


43 posted on 07/30/2008 1:26:27 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: DallasBiff
You, are a meathead.


44 posted on 07/30/2008 1:27:16 PM PDT by GalaxieFiveHundred
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To: DallasBiff

If Ms. Nancy Partisanship thinks Bush’s plan is a hoax, then how come his executive order has dropped the price of oil better than $20?

What plan of the House or the Senate has done better? Time for the politicos to quit sputtering, get back to work and pass a resolution authorizing “Drill Here, Drill Now!”

Too bad Reid and Pelosi don’t have any interest in $$ relief for the taxpayers — just only themselves.


45 posted on 07/30/2008 1:29:17 PM PDT by quintr
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To: DallasBiff

This is a much bigger issue than $4.00 - $5.00 per gallon gas.

As we approach (and exceed) 70% imported oil, the amount of money flowing out of the U.S. to our enemies is outrageous... now approaching one trillion dollars per year.

Most important, though, is national security. One knot-head in the middle east or South America can decide to halt shipments for a while and we (everyone in the U.S. except the congresspeople, I expect) will be brought to our knees.

Everything from manufacturing to transportation to food will not only be terribly expensive BUT IN SHORT SUPPLY when that happens. Remember the Arab oil embargo of the 70’s... the rationing... the waiting lines...? I sure do.

The Strategic Petroleum Reserve (it’s called STRATEGIC for a reason, Madam Speaker) contains enough crude for about 70 days of U.S. consumption in an emergency. What then, Madam Speaker?

No more of the “it’ll take ten years” stuff. That’s what you said ten years ago... and look where we’re at now.

As far as ANWAR drilling, let’s start YESTERDAY! How many visitors a year go to this swamp land? Even the locals say drill and drill now.

Madam Speaker, quit blocking the vote of the drilling proposal and bring the issue to the floor. Allow a vote NOW! The consequences of your actions will be your legacy.


46 posted on 07/30/2008 1:31:28 PM PDT by ataDude (Enough already!)
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To: polymuser

So let’s see — the Democrat’s plan is pennies per gallon — and there are 40 gallons (roughly) of gasoline in a barrel of crude. Could we then say that the pennies per gallon might translate to maybe $4 per barrel?

That’s a pretty lame argument since Bush just signed an executive order and it effectively brought the price of crude down $20+ — mainly by scaring the speculators.

I’d still like to know whether or not Reid and Pelosi have any money invested in those hedge funds. If they do, then about the time that they get their money out, they’ll allow resolutions authorizing drilling offshore.

IMO


47 posted on 07/30/2008 1:34:18 PM PDT by quintr
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To: frankiep

She’s probably call them out of order and have the sgt of arms escort them out of the chamber.

Nobody ever accused her to playing fair. She is one mean politician and I’m being extremely generous.


48 posted on 07/30/2008 1:35:34 PM PDT by quintr
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To: DallasBiff
Let's see how long the Democrats can maintain their "hoax" stand when 70% of the American people want to drill now, pay less!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

49 posted on 07/30/2008 1:36:22 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: tflabo

But how do you really feel about Pelosi?

LOL


50 posted on 07/30/2008 1:37:14 PM PDT by quintr
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To: Eric in the Ozarks

She ain’t no lady...


51 posted on 07/30/2008 1:38:11 PM PDT by mouse_35 (Vote Demorcrat for 2008! Lets do for Iraq what we did for Cambodia!!!)
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To: Heartland Mom

Of course she would rather have us go down the tubes. The faster and further we fall, the easier it will be for the libs to implement their elusive socialist “utopia”.

Pelosi and her ilk are the enemies of liberty. Anyone who is paying even a little bit of attention and that understands the concepts of freedom and liberty should easily be able to see this.


52 posted on 07/30/2008 1:38:19 PM PDT by frankiep (Every socialist is a disguised dictator - Ludwig von Mises)
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To: polymuser

5 cents per gallon

equals

1 dollar per 20 gallon tank.

equals 2 dollars per week for filling two family cars once per week.

equals 104 dollars per year for a family.
104 dollars which could pay for medicine for a child, start a college fund, or go to something other than gas taxes.

Perhaps 2 dollars per week could be the allowance for a 10 year old. Nice going nancy pelosi, you are stealing money from the piggy banks of 10 year olds.

Now try the same analysis with shipping costs where a single penny per gallon can cascade to being profit or loss.


53 posted on 07/30/2008 1:38:26 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: DallasBiff

Somebody help me here:

If President Bush decided to draw down the petrolatum reserve, how would he do it? I assume he would sell it to the oil companies, but at what price? The price we taxpayers originally paid for it when it went into the reserve or the market price now?

If it is the market price now, how will that affect the price of oil?

If it is the original price, is not that a taxpayer giveaway and will it not result in much higher profits for the oil companies?

Could the profits from the sale of the SPR oil be used to pay down some of the national debt (or at least my tax bill)? Could the profits be used to put off shore drilling on a fast track? Or build shelters for the caribou and polar bears in ANWAR?

....Bob

I like the idea of selling the SPR oil on EBAY!!! /sarc


54 posted on 07/30/2008 1:41:15 PM PDT by Lokibob (Some people are like slinkys. Useless, but if you throw them down the stairs, you smile.)
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To: DallasBiff

Failed Speaker.

New Direction Congress. Zero Accomplishments. Year 3.


55 posted on 07/30/2008 1:42:22 PM PDT by sappy
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To: DallasBiff
I wonder why someone doesn't ask her what happened to her "commonsense" plan:

Pelosi:
“Democrats have a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies, and increasing production of alternative fuels.”

Pelousy

MAN... They sure fixed those high prices, didn't they, yuk, yuk!

56 posted on 07/30/2008 1:43:28 PM PDT by RogerWilko
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To: DallasBiff
Americans know that thanks to the two oilmen in the White House, consumers are now paying $4 a gallon for gas.

A display of ignorance of this magnitude doesn't speak well for the notion of women holding high offices of responsibility and importance to the nation.

57 posted on 07/30/2008 1:43:40 PM PDT by MosesKnows (Love many, Trust few, and always paddle your own canoe)
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To: Jim Robinson

She’s working toward a -9 approval rating for congress


58 posted on 07/30/2008 1:46:32 PM PDT by Kaslin (Vote Democrat if you like high gas prices at the pump)
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To: DallasBiff
The President himself could lower prices by drawing down a small portion of our government oil stockpile, the Strategic Petroleum Reserve.

This is lie on so many levels it's hard to start

59 posted on 07/30/2008 1:47:35 PM PDT by Popman (McCain as POTUS is odious, Obama as POTUS is unthinkable.)
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To: DallasBiff

Republicans have to convince voters that a vote for Pelosi’s gang is a vote for $10 a gallon gas.

I have my letter to the editor ready to go...


60 posted on 07/30/2008 1:48:04 PM PDT by y6162
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