Jun 02, 2008 12:41PM GMT
Question
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Money - Economy
Which of the following factors do you blame for the current oil crisis?
http://blogs.phillyburbs.com/blog.php?p=30451&cat=101
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raves posted Jun 02, 2008 01:32PM GMT
Answered dumbnation
It's a combination of dumbnation and speculation. We needlessly hamstring our ability to create energy and then we bitch about the price. All because a bunch of idiots have no concept that the planet is dynamic and not static.
The speculators are not helping matters either. These people are playing chicken with a bubble. I hope they lose everything when the market crashes. Bastards. -
raves +1 posted Jun 02, 2008 12:59PM GMT (edited)
Answered None of the above
It is true that a lot of the economic malaise that now afflicts the United States is caused by economic forces that mere governments have little control over. But insofar as anyone is to blame for making things worse it, on the balance, must fall on the Democrats.
Democrats have been brain dead on energy policy since the first oil shocks of the 1970s. Instead of passing legislation to encourage energy production and energy efficiency, the Democrats pretty much play the demagogue and blame the big, evil oil companies. The Democrats have even revived an oldy but goody from the 1970s, a windfall profits tax, in order to punish the oil companies for making money in an era of expensive oil. The problem is that any tax, especially a windfall profits tax, siphons off money that could be used to develop more oil resources,
When one proposes to open up oil fields such as ANWR to drilling, Democrats retort that it will be "ten years" before oil from such places would flow, too late to help in the current situation. The truth is that it's more like five years, however let's concede the main point. However the first time authorization for ANWR drilling came up in the 1990s, then President Bill Clinton vetoed the measure. Had he not done so, a million extra barrels of oil a day would be flowing from ANWR by now, oil we could surely now use.
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Answered All of the above
How long do they expect us to live like this?? And do they think they can look us in the eye and say there is nothing that can be done, and have us believe them?? It's shit I tell ya!!