Posts Tagged ‘barrel’

Obama’s Policies Are Making Oil And Gas More Expensive And Increasing Foreign Dependence – And You’re Paying For His Stupidity

March 30, 2012

I’ve posted this video a number of times to document what Democrats really want: socialism and the government takeover of free enterprise and personal freedom.

But the words of the oil industry executive that led to Maxine Waters’ outburst are now equally interesting.

Listen to what he predicts:

Here is the exchange in transcript form:

Oil Executive: I can guarantee to the American people because of the inaction of the United States Congress ever-increasing prices unless the demand comes down – and the $5 will look like a very low price in the years to come if we are prohibited from finding new reserves, new opportunities to increase supplies.

Maxine Waters: And guess what this liberal will be all about? This liberal will be all about socializing … uh, um, [pause] … will be about [another long pause in which she tries not to document that Democrats are communists] … basically taking over and the government running all of your companies.

The executive explains simple reality: “If you don’t allow us to find and extract new oil resources the price is going to go up and up and up you lunatic idiot.”

And the lunatic idiot issues a threat that Democrat Marxist communist dictator thugs don’t need no stinking reality. They can “socialize” the oil companies by exercise of naked government dictatorship and that will somehow magically make all our problems go away.

On July 14, 2008 – as I’ve amply documented – George Bush ended the federal moratorium on offshore drilling. And on that news gasoline prices IMMEDIATELY DROPPED by nearly $10 a barrel:

Larry Kudlow: In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere. Crude-oil futures for August delivery plunged $9.26, or 6.3 percent, almost immediately as Bush was speaking, bringing the barrel price down to $136.

In the few days that followed, the precipitous upward climb in the price of oil went down, down, DOWN:

Update: July 18, 2008 Crude Oil has dropped to $128.88 a Barrel

Update: July 17, 2008 Crude Oil has dropped to $130.73 a Barrel

Update July 15, 2008 Crude Oil has dropped to $138.74 a Barrel Biggest drop in 17 years

We had the price of oil dropping by ten bucks a day every day after Bush ended the moratorium.

You can look at the link that has the NYSE prices to follow that very obvious trend.

Liberals try to insinuate that the gas prices going down AS BUSH WAS SPEAKING WHEN THEY HAD BEEN GOING UP EVERY SINGLE DAY PRIOR TO BUSH’S SPEAKING was merely the result of the economy stagnating.  But that is a lie: our economy didn’t blow up until September of 2008.  By the time Lehman Brothers collapse officially triggered the financial collapse on September 14, oil prices were already at $100 a barrel.

It was the hint provided by George W. Bush that ended the speculatory bubble of oil.

We now even have a brand new example that increasing the oil supply will have the effect of immediately lower prices:

After rumors send oil prices falling, Welch renews call on President to tap nation’s oil reserves

BURLINGTON, VT – A day after rumors that the U.S. would tap the Strategic Petroleum Reserve (SPR) spooked Wall Street speculators and sent oil prices falling, Rep. Peter Welch is pointing to that episode as exhibit A of the effect such a move would have on gas prices and is renewing his call on President Obama to take action

Notice that Democrats are demanding that Obama open the strategic reserves, which amounts to a very temporary increase of oil on the market.  Democrats are demanding that Saudi Arabia drill more.  They are demanding that oil supplies be increased to bring down prices even as they deny that the US – which is idly sitting on reserves of 1.6 trillion barrels  of oil – would have any impact on prices.

Democrats want America to be more reliant and more dependent on Arab oil.  They absolutely refuse to allow America to become energy-independent.  That’s the bottom freaking line.

Our strategic petroleum reserve was intended to be stockpiled for time of national emergency or war.  Obama wants to use it as a political slush fund to benefit his presidential campaign.  The fact is, the US government bought that oil at a lower price and will replace that oil at a shockingly higher price.  And since we very obviously can’t keep doing that, it won’t have a measurable effect on gas prices because it clearly isn’t a long-term supply increase.

And all of the above is why during the last three years, gas prices have gone from well under $2 a gallon ($1.84 a gallon on January 20, 2009) to nearly $5 a gallon on Obama’s watch.  Bush gave us low gas prices; Obama took them away.

Obama picked an energy secretary who had said:

“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”

 Obama said he WANTED oil prices to go up – as long as the increase was gradual so the people wouldn’t get pissed off and hold him personally responsible.

Under Obama’s policies, he has done everything he could to choke off oil production on federal lands:

“Since taking office, [Obama] has declared 85% of our offshore areas off limits, decreased oil and gas leases in the Rockies by 70%, rejected the Keystone XL pipeline, and has 10 federal agencies planning more regulation of hydraulic fracturing…. The president’s ‘Jekyll and Hyde’ approach to energy security is hurting consumers.”

More on that:

[A] study, prepared by the nonpartisan Congressional Research Service (CRS), examined oil production on federal and non-federal land between 2007-2011. Approximately 96 percent of the total increase in domestic oil production occurred on non-federal land, CRS found.

Earlier this month, the Energy Information Administration reported that oil and natural gas production on federal land declined 40 percent over the past decade and 14 percent in 2011 alone.

And so you actually wonder why gas prices have “necessarily skyrocketed” under Obama’s watch???

Just today Obama announced that he was going to end the oil and gas tax breaks – which will amount to a $4 billion increase in gasoline prices as the oil companies get the money Obama is taking from them back.

This is nothing more than a continuation of Maxine Waters’ communist war on the means of production of the American economy.

I’ve written about the so-called “tax breaks” for oil companies.  Note that what little “tax breaks” there were came on the back of tax increases – and the tax increases outweighed the tax breaks.  The bottom line is that if Obama gives the oil industry a middle finger, the oil industry will give the American people who put this fool into office a middle finger.

What Obama is doing would make oil and gas more expensive for US consumers:

a March 2011 report by the nonpartisan Congressional Research Service suggesting that the president’s proposals could actually result in higher gas prices and a greater reliance on imports.

The proposed repeal “would increase tax collections from the oil and natural gas industries and may have the effect of decreasing exploration, development and production, while increasing prices and increasing the nation’s foreign oil dependence. These same proposals, from an alternate point of view, might be considered to be the elimination of tax preferences that have favored the oil and natural gas industries over other energy sources and made oil and gas products artificially inexpensive, with consumer costs held below the true cost of consumption, when the external costs associated with environmental costs and energy dependence, among other effects, are included,” the CRS said.

“The Administration estimates that the tax changes outlined in the budget proposal would provide $22.8 billion in revenues over the period 2012 to 2016, and over $43.6 billion from 2012 to 2021. These changes, if enacted by Congress, also would reduce the tax advantage enjoyed by independent oil and natural gas companies over the major oil companies. On what would likely be a small scale, the proposals also would make oil and natural gas more expensive for U.S. consumers and likely increase foreign dependence,” according to the report

It is ZERO coincidence that on the VERY DAY that Obama announces he’s going to slap down American oil some more, ExxonMobile just got replaced by Petrochina as the number one oil company in the world.  We’re now number two and sinking fast, baby. 

There was a funny line I remember from Big Bang Theory to put this into perspective:

Leonard: Well let me see if I can explain your situation using physics. What would you be if you were attached to another object by an incline plane, wrapped helicly around an axis?
 
Sheldon: Screwed.
 
Leonard: There you go.

We’re screwed as long as Obama is allowed to continue ruining America.

Don’t vote to get screwed.  Reject this fool president and his fool party and fool ideology before they finish imploding America (see here for another example).

After Two Terrible Years Of Obama, Here’s Our ‘Change’

May 20, 2011

From an email I received (and liked):

AFTER TWO YEARS OF OBAMA, HERE’S YOUR “CHANGE”: 

January 2009

TODAY

%
chg

Source

Avg.. Retail price/gallon gas in
U.S.

$1.83

$3.94

84%

1

Crude oil, European Brent (barrel)

$43..48

$99..02

127.7%

2

Crude oil, West TX Inter.
(barrel)

$38..74

$91..38

135.9%

2

Gold: London (per troy oz.)

$853.25

$1,369.50

60.5%

2

Corn, No.2 yellow, Central
IL

$3.56

$6.33

78.1%

2

Soybeans, No. 1 yellow, IL

$9.66

$13..75

42.3%

2

Sugar, cane, raw, world, lb.
Fob

$13..37

$35..39

164.7%

2

Unemployment rate, non-farm, overall

7.6%

9.4%

23.7%

3

Unemployment rate, blacks

12.6%

15.8%

25.4%

3

Number of unemployed

11,616,000

14,485,000

24.7%

3

Number of fed. Employees

2,779,000

2,840,000

2.2%

3

Real median household income

$50,112

$49,777

-0.7%

4

Number of food stamp recipients

31,983,716

43,200,878

35.1%

5

Number of unemployment benefit
recipients

7,526,598

9,193,838

22.2%

6

Number of long-term
unemployed

2,600,000

6,400,000

146.2%

3

Poverty rate, individuals

13.2%

14.3%

8.3%

4

People in poverty in U.S.

39,800,000

43,600,000

9.5%

4

U.S.. Rank in Economic Freedom World
Rankings

5

9

N/a

10

Present Situation Index

29.9

23.5

-21.4%

11

Failed banks

140

164

17.1%

12

U.S.. Dollar versus Japanese yen exchange rate

89.76

82.03

-8.6%

2

U.S.. Money supply, M1, in billions

1,575.1

1,865.7

18.4%

13

U.S.. Money supply, M2, in
billions

8,310.9

8,852.3

6.5%

13

National debt, in trillions

$10..627

$14..052

32.2%

14

Just take this last item: In the last
two years we have accumulated national debt at a rate more than 27 times as
fast
as during the rest of our entire nation’s history.Over 27 times as
fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH
and a car rockets past you in the left lane. 27 times faster, it would be doing
7,555 MPH!

Sources:(1) U.S. Energy Information
Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S.
Dept. Of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9)
RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board;
(12) FDIC; (13) Federal Reserve; (14) U.S. Treasury

It has only taken Obama two years to do this much damage to America.

Imagine how much more he can do in two more years.

Imagine how much more he would do with a second four-year term.

How’s that socialism workin’ out for ya?

Obama’s Inner Jimmy Carter Comes Out With Soaring Energy Prices

April 15, 2011

Remember back when Jimmy Carter was urging us all to wear sweaters and turn down our thermostats because his failed energy policies had us in long communist-proletariat-peasant-bread-line-style lines for shockingly expensive gas and fuel oil?

Well, as we keep telling you over and over again, it’s Welcome back, Carter all over again.

Shivering in the dark and freezing at night was not an answer to America’s energy needs then, and it isn’t one now.

Speaking of “now,” Obama’s got a new, modern version of Carter’s “Energy?  We don’t need no stinkin’ energy!” policies:

“I know some of these big guys, they’re all still driving their big SUVs. You know, they got their big monster trucks and everything. You’re one of them? Well, now, here’s my point. If you’re complaining about the price of gas and you’re only getting eight miles a gallon–(laughter)–you may have a big family, but it’s probably not that big. How many you have? Ten kids, you say? Ten kids? (Laughter.) Well, you definitely need a hybrid van then. (Laughter.) . . .
So, like I said, if you’re getting eight miles a gallon you may want to think about a trade-in. You can get a great deal. I promise you, GM or Ford or Chrysler, they’re going to be happy to give you a deal on something that gets you better gas mileage.”

One of the few remaining decent newspapers in the country wrote that Obama sans teleprompter line up this way:

The transcript shows that Obama got lots of laughs. But presumably he was speaking to a friendly audience–to people who regard the burning of gasoline as sinful and who, at least in theory, are attracted to the idea of $8-a-gallon gasoline.

People like that, to paraphrase Pauline Kael, live in a rather special world. For most Americans (we Manhattan residents are a notable exception), driving is a day-to-day necessity, and high gas prices are a constant source of economic pain. Sure, if you’re driving a guzzler, it might make sense to trade it in. But not everyone has the money lying around to buy a new car at the drop of a hat.  And owners of dinky cars and hybrids still have to buy gasoline for them.

One might point out in the president’s defense that he is putting his money–haha, we mean your money–where his mouth is. Last week, as the Detroit News reported, Obama announced a plan “to ‘green’ the federal fleet”:

“I’m directing our departments and our agencies to make sure 100 percent of the vehicles they buy are fuel-efficient or clean energy cars and trucks by 2015.Not 50 percent, not 75 percent–100 percent of our vehicles,” Obama said.

Well, maybe not quite 100%. The News also reports that “some federal vehicles for law enforcement and security purposes will be exempt”–among them “the GM-built Cadillac presidential limousine and other vehicles in the motorcade.”

Then again, Obama does atone by spending a lot of time in golf carts.

President Obama’s answer to the question about high gas prices is reminiscent of candidate Obama’s 2008 disquisition on the “bitter clingers” of Pennsylvania, although the latter was not meant for public consumption. There’s little doubt that he believes these things, that he is a creature of the liberal self-styled elite. But if he doesn’t get better at concealing it, voters may think about a trade-in next November.

It’s not that Obama is just unrealistic and completely out of touch with America’s needs in relation to his far-leftist socialist radical redistributionist policies, it’s that he is simply factually wrong.  An article titled “Obama fudges on oil production; snarks at big families” deals with a number of remarks Obama made during the appearance immortalized in the quote above that are simply wrong, period.

But let’s just deal with one of them, the hybrid van.  There ISN’T a hybrid van.  And there won’t be one any time soon:

Fuel for Thought

And finally, President Obama was asked about rising fuel prices at a town  hall last week and his answer raised some conservatives’ eyebrows. Now car  experts are weighing in as well.

The president said — quote — “If you’re complaining about the price of gas  and you’re only getting eight miles a gallon, you may have a big family, but  it’s probably not that big. How many [kids do] you have? Ten kids, you say? Ten  kids? Well, you definitely need a hybrid van then.”

However, Edward Loh of Motor Trend Magazine says a 12-person hybrid passenger  van does not exist because — quote — “for hybrids to be effective, weight must  be kept down. It wouldn’t be feasible to have a vehicle that large also be a  hybrid.”

And Edmunds.com agrees, saying there are no hybrid vans that accommodate 10  or more people.

Obama keeps mocking us.  We’re the bitter clingers he vilified and continues to vilify every day.  But neither he nor the liberal moral idiots nor the liberal moral idiot propagandists who call themselves “journalists” realize the joke is constantly on him.

Gasoline prices have DOUBLED since Obama became our president.

“Gas prices have doubled since Mr. Obama took office,” reports the Washington Times, as the Obama Administration has doggedly blocked new American energy production and pushed job-crushing policies – like a national energy tax – that drive up prices.

Gas is now over $4 a gallon in five states, and by widespread acknowledgment it will soon be over $5 as the summer driving season hits us.

But the same mainstream media and the same Democrat Congress that tore into Bush think the insane prices are fine, now.

Obama’s energy policy is a total failure.  And all the evidence is that Obama and his fellow Democrats WANT high energy prices so they can force the American people into their “green agenda” whether they want to go there or not.

Let’s look at what George Bush did when oil got expensive, and then let us consider the results of his intelligent policy:

On July 14, President Bush ended the executive ban on offshore drilling. The very next day saw the price of oil take the biggest drop in 17 years.

Within two days of Bush’s signing the executive order, the price of oil dropped from nearly $145 a barrel to $130.73 a barrel. And within four days, it had dropped to $128.88. And Harry Reid wants to take credit for this drop in price with his incredibly airheaded speculation bill that never really had a chance of overcoming a filibuster to begin with?

In the House, Democrats are putting the energy bill on the “suspension calender” in a move that will require a 2/3 majority to pass any legislation, but which prevents the Republicans from adding ANY amendments to allow for drilling on federal lands or contribute in any way.

Democrats are so paranoid that a drilling amendment might be introduced that they would rather scuttle any meaningful vote whatsoever.

Why did President Bush lift the ban?:

The White House announced today that President Bush will lift an executive order banning offshore oil drilling, a move aimed at stepping up pressure on Congress to end the prohibition it imposed in 1981.On July 14, President Bush ended the executive ban on offshore drilling. The very next day saw the price of oil take the biggest drop in 17 years.

At the time George Bush ended the ban on offshore drilling, oil cost $147 a barrel.  Oil had become more and more and more expensive in a staggering trend.  But from the moment – the moment – Bush ended the ban, oil prices immediately began to go down in a constant trend as the industry reacted to the idea that more oil would be available.  Within six months, the price of a barrel of oil had gone down to $37.

But a new president came along, and the market realized that he had an anti-business, anti-oil and anti-growth policy.  And the markets reacted accordingly.

The Lonely Conservative quotes Politico on the fact that “Even Bill Clinton Thinks Obama’s Drilling Ban Is Ridiculous“:

The event was not covered by the press, but sources confirmed the exchange to Politico.

But according to multiple people in the room, Clinton, surprisingly, agreed with Bush on many oil and gas issues, including criticism of delays in permitting offshore since last year’s Gulf of Mexico spill.

“Bush said all the things you’d expect him to say” on oil and gas issues, said Jim Noe, senior vice president at Hercules Offshore and executive director of the pro-drilling Shallow Water Energy Security Coalition. But Clinton added, “You’d be surprised to know that I agree with all that,” according to Noe and others in the room.

Clinton said there are “ridiculous delays in permitting when our economy doesn’t need it,” according to Noe and others.

“That was the most surprising thing they said,” Noe said.

The two former presidents both generally agreed on the need to get offshore drilling workers back on the job.

Clinton and Bush also agreed on the need for more domestic shale gas production, with Clinton noting that it has been done safely for years in his home state of Arkansas.

Obama gave a speech in which he took credit for Bush and Clinton-era policies even as his own policies were strangling oil production.  And even Clinton had to agree that Obama’s policies were ridiculous and counter-productive.

We’ve got a complete fool, a moral idiot, a Jimmy Carter Part Deux, running things.

It’s just a small little part of “No, no, no!  Not God bless America, God damn America!”

For the record, it isn’t just Obama’s stupid and morally idiotic energy policies that are creating this self-inflicted open and infectious wound plaguing Americans at every fill-up.  There are other stupid and morally idiotic Obama policies at work, too.  Obama has seriously devalued the U.S. Dollar with his reckless spending policies.  The world oil supply is bought and sold in U.S. dollars.  And OPEC sure isn’t going to pay for Obama’s weak dollar.  Thus as the value of our dollar goes down, the more worthless dollars it will take to buy a barrel.

We need to get this fool and the fool Democrats out of power.  America’s very survival is at stake.

Gas Prices Have Risen 55% On Obama’s Watch And Continue To Soar

March 27, 2010

Remember all the blame directed at George Bush when gas prices rose?  Remember how the Democrats literally began federal investigations over the price increases in what amounted to a political hit job?

Well, gasoline prices have quietly increased 55%, a dollar a gallon, under Obama’s watch, and suddenly the same Democrats who swore that high crimes and misdemeanors had been committed under Bush are now completely silent.

From the Washington Times:

Gas up $1 a gallon on Obama’s watch
Pressure rises for exploration
Thursday, March 25, 2010
By Stephen Dinan  and Kara Rowland

Gas prices have risen $1 since just after President Obama took office in January 2009 and are now closing in on the $3 mark, prompting an evaluation of the administration’s energy record and calls for the White House to open more U.S. land for oil exploration.

The average price per gallon across the U.S. hit $2.81 this week, according to the Energy Information Administration. That was up from $1.81 the week of Jan. 26, 2009, just after the inauguration, and marks the highest price since Oct. 20, 2008.

John B. Townsend II, a spokesman for AAA Mid-Atlantic, said price increases are a result of the cost of crude oil, thanks to a decision by the Organization of the Petroleum Exporting Countries not to raise production even as economic growth in countries such as Russia and China spurs more demand.

“From all indications, we’re going to see $3 gas again this summer,” he said.

The Obama administration also blames the market for the high prices and argues that its record for expanding energy development has been solid over the past year.

“The prices are set by the world market,” said Kendra Barkoff, a spokeswoman for the Interior Department, which manages federal lands that would be leased for oil exploration.

Gas prices have been on a roller-coaster ride over the past decade, dropping to near $1 after President George W. Bush’s first year in office, crossing the $2 mark in 2005 and reaching $4 in June 2008 before Congress and Mr. Bush took action, lifting presidential and congressionally imposed moratoriums on expanding offshore drilling on the Outer Continental Shelf.

Mr. Bush lifted the presidential moratorium in July that year. The congressional moratorium expired Sept. 30, and prices fell precipitously, dropping more than $1 in October.

“The reason that it dropped is because the U.S. sent a signal to the markets, by dropping the moratoria, that we’re going to drill on our lands. Obviously, we never followed up, and thus you see the crisis gradually rising,” said Rep. Doc Hastings of Washington, the ranking Republican on the Natural Resources Committee.

He said the solution is the same for both the short-term and long-term prices: Assure the markets that the U.S. will pursue domestic exploration.

You can see the impact that America drilling for its own oil has on prices – and how despicable the mainstream media can be in covering up the truth – in the following CBS piece entitled “The Immediate Benefit Of Offshore Drilling” from July 17, 2008:

After trading at a record high of $147 a barrel Friday, the price of oil saw its largest one-day drop since the 2003 beginning of the Iraq war on Tuesday, falling $6.44 a barrel. Wednesday, it fell another $3.71, to $135.03, and at one point was trading as low as $132.

So what happened? As is usually the case with markets, a variety of factors caused this dramatic drop. According to the Associated Press, the Energy Information Administration announced that U.S. crude-oil supplies rose by 3 million barrels; beleaguered banks have been selling off valuable energy contracts to pay for other debts; and there’s even some speculation that computer programs used by Wall Street may create a “cascading effect” once prices start to drop.

But bizarrely, the AP didn’t mention that on Monday – again, the day of the single biggest one-day drop in oil prices in five years – President Bush removed the executive order imposing a moratorium on offshore drilling in the United States.

To think that this dramatic and unexpected move by the Bush administration didn’t have a significant effect on oil prices is folly. Even Democrats admit that relatively small margins in oil production could have a huge impact on prices.

The price per barrel of crude oil – which was at an all-time high the day Bush signed the moratorium that ended the ban on offshore drilling after going up and up and up to that point – continued to drop and drop.  By September, it was below $109 a barrel.  By October it had dropped even more.  And it kept dropping.

But now in the age of Obama, it’s going up and up and up again.  We have had a 55% increase in the price of our gasoline during a terrible recession.  Obama’s energy policies have hurt this nation badly at an incredibly vulnerable period, without so much as a peep from most of the media.

Barack Obama threatened to bankrupt the coal industry – which produces 49% of our nation’s electricity – and said that:

“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”

He told just enough lies and half-truths to get coal-state Democrats such as  West Virginia Senator Jay Rockefeller to get them to believe he wouldn’t destroy their economies.  But now that he’s elected he’s free to break those promises and pursue ruinous policies.  Rockefeller is now saying of Obama that:

“he’s beginning to not be believable to me.”

But it’s like, “Sorry Sucker.”  When you vote like a fool, you receive a fool’s fate.

Anyway, maybe you thought, “Well, I’m not in a coal producing state,” or “I’m not in a coal-fired electric grid,” so you thought Obama’s shockingly bad energy policies didn’t matter.

But you’re still going to have to put gas in your car, and Obama’s going to see to it that it costs you a pretty penny to do it.

In fact, gas will have to rise to the European level prices of at least $7/gallon in order for Obama’s policies to impact CO2 levels as per his energy policy.  So you can bet that fuel prices will continue to rise, and rise, and rise.

We’ve had a clear call from the American people to drill for our own oil before.  The Democrats who stopped us from drilling in the first place went utterly nutjob ballistic

With fewer than 20 legislative days before the new fiscal year begins Oct. 1, the entire appropriations process has largely ground to a halt because of the ham-handed fighting that followed Republican attempts to lift the moratorium on offshore oil and gas exploration. And after promising fairness and open debate, Pelosi has resorted to hard-nosed parliamentary devices that effectively bar any chance for Republicans to offer policy alternatives.

I’m trying to save the planet; I’m trying to save the planet,” she says impatiently when questioned. “I will not have this debate trivialized by their excuse for their failed policy.”

– in their campaign to prevent domestic energy production – until an overwhelming majority in American opinion made them change their tune.  And then they pledged that they would allow the offshore drilling ban to expire.

Only they didn’t, because Democrats are liars without shame.  Obama signed a brand new moratorium banning domestic drilling.  There will be no domestic energy production under his watch – unless you count the pathetic little toys he says he’ll build that won’t even put so much as a scratch our energy requirements.

Oh, Obama was perfectly willing to lie to us about domestic oil the same way he lied to Jay Rockefeller about domestic coal.  Lies come incredibly easy for Obama – especially since the lamestream propaganda won’t expose him – which leaves him free to tell a whopping load of them.

We have TRILLIONS of barrels of recoverable oil.

Democrats keep saying that there’s no point drilling for our own oil because it would take ten years for the oil to get into system and bring prices down.  First of all that isn’t true; energy companies say they could be up and running in only 3-4 years.  But even if we assume their ten-year figure, they’ve been saying it for decades – and if we’d drilled ten years’ ago, we’d have that oil in our system NOW, wouldn’t we?

Obama’s policy is based upon undermining oil, coal, and natural gas in order to foster the development of solar, wind, and other energy methods that the moonbeam crowd favor.

Here’s the problem: we can’t even BEGIN to address our energy needs with these “environmental” sources.  You get so much more energy at so much lower of a cost from oil, coal, and natural gas versus solar or wind that it isn’t even funny.

A couple of charts illustrate this point:

.

We need to harness our domestic energy.  We need oil, coal, and natural gas.

We’re not going to get them under Obama, or under any form of Democrat rule.

You can count on seeing a shocking trend of higher and higher gasoline prices, to go with a “necessary skyrocketing” of our energy prices, under Barack Obama.

At least until we vote Democrats out of office.

Democrat’s Ideological Stand Against Domestic Oil Terrible for US Economy & Security

July 4, 2008

According to most sources, oil could soar to as much as $400 a barell (that’s over 2 3/4 TIMES its current price of $144 as of July 2) if Iran shuts down the Strait of Hormuz.

The problem is that Iran promised the world that it would do precisely that if Israel attempts to attack its nuclear facilities.

An impending Israeli attack is itself a result of the failure of liberalism.  The European Union – in refusing to implement ANY truly tough sanctions against Iran – is forcing Israel’s hand.  Liberals will decry “warlike” Israel, but will be those weak, gutless, spineless liberals who refused to stand up against Iran’s nuclear program in a meaningful way that are responsible – NOT Israel.  When (note: not if) Israel strikes Iran, it will be doing so as an act of sheer survival against a country which has for years promised to wipe Israel off the map as soon as it possessed the means to do so.

Genuinely tough UN sanctions, combined with a united international stand against Iran being allowed to even come close to developing nuclear weapons, would have very likely had a good chance of success.  But the liberal/socialist world never learns.  We are repeating the failures that led up to the Iraq invasion, during which time rampant UN corruption (the oil for food program) and corrupt countries (Russia and France) opposed any sanction that would have forced Iraq to truly declare its WMD capabilities.

Teddy Roosevelt said America should speak softly and carry a big stick.  Modern liberals argue that we should throw the stick away altogether and give holier-than-thou lectures.

The primary reason the United States assumed a strong foreign policy stance – and created a powerful military to back up its foreign policy – is because two world wars and millions of American deaths served to demonstrate the fact that enemy tyrants will make us pay dearly for being weak in the face of threats against us.  Yet American liberals look longingly at the demilitarized socialist states of Europe, and at their laissez faire attitude toward despicable and vicious regimes, and they want to pursue a similar  approach in the United States.  The fact remains, however, that it was the strength and resolve of American power that permitted the Europeans to be free to embrace their new attitudes – first from the Nazi conquest and then from Communist expansion.

But let us put this gargantuan failure of liberal foreign policy aside and instead focus on another issue which is more important to most Americans (although certainly not to Israelis facing a new Holocaust at Iranian hands): the shockingly high prices that will most assuredly ensue when Israel attacks Iran’s nuclear sites.

About half the world’s oil supply flows through the Strait of Hormuz.  It is about 25 miles wide, and provides Iran with a easy choke point to stop the oil flow.

A Jun. 11, 2008 Time Magazine story titled, “How Iran Has Bush Over a Barrel” puts the U.S.’s dilemma thusly:

If wasn’t crystal clear before it certainly should be by now: the Bush Administration can’t afford to attack Iran, even if it finds it necessary to do so for the sake of preventing the very real probability of World War III. With gas already at $4 a gallon and rising almost every day, Iran figuratively and literally has the United States over a barrel. As much as the Administration is tempted, it is not about to test Iran’s promise to “explode” the Middle East if it is attacked.

The Iranians haven’t been shy about making clear what’s at stake. If the U.S. or Israel so much as drops a bomb on one of its reactors or its military training camps, Iran will shut down Gulf oil exports by launching a barrage of Chinese Silkworm missiles on tankers in the Strait of Hormuz and Arab oil facilities. In the worst case scenario, seventeen million barrels of oil would come off world markets.

One oil speculator told me that oil would hit $200 a barrel within minutes. But Iran’s official news agency, Fars, puts it at $300 a barrel. I asked him if Iran is right, what does that mean?

“Four-dollar-a-gallon of gasoline only reflects $100 oil because the refiners’ margins are squeezed,” he said. “At $300, you have $12 a gallon of gasoline and riots in Newark, Los Angeles, Harlem, Oakland, Cleveland, Detroit, Dallas.”

But it didn’t have to be this way – even given gutless socialist Europe’s abject refusal to provide any real deterrant that would have made Iran think twice about continuing its nuclear ambitions.

Had Democrats allowed the United States to utilize its own massive oil resources, the United States would have been almost completely immune from this looming crisis.  For information on the Democrat’s culpability in refusing to take advantage of our own energy independence, read my article available here.

The United States is literally sitting on about 170 billion barrels of oil, according to the Geological Survey and Congressional Research Service.

One of our best [short-term] prospects is Alaska’s Arctic National Wildlife Refuge, which geologists say contains billions [the official estimate is 15.6 billion] of barrels of recoverable oil. If President Clinton hadn’t bowed to Wilderness Society demands and vetoed 1995 [Republican-sponsored and supported] legislation, we’d be producing a million barrels a day from ANWR right now. That’s equal to US imports from Saudi Arabia, at $50 billion annually.

Instead, we are currently paying over $4.00 for a gallon of gas, and we are staring into the terrifying prospect of having to pay $12 for that gallon in the near future.

One day, untold years into the future, archaeologists and anthropologists will come to realize that political liberalism invariably resulted in the suicide of nations and of Western civilization in the 20th and 21st centuries.  But tragically, that day of realization has not yet arrived.  And so the United States trudges along on the same path once taken by the Dodo bird.

The dodo bird will be less responsible for its downfall than the United States.  The dodo bird needed something for survival it didn’t have.  The United states, by contrast, refused to use what it actually had in its possession even when it needed it.

Even if the United States and the world manages to dodge the looming confrontation between Israel and Iran, the price of international oil will continue to go up, and it will continue to be subject to one crisis after another as it is produced in and passes through the world’s most chaos-prone nations.  Oil will become more and more scarce as China, India, and the developing world continue to gobble it up.  And the price of gasoline will contine to rise.

And the dramatic rise of the price of gasoline does not just affect our travel plans.  It is directly tied in with our national productivity and our economy.

In a AP story titled, “It’s official: The market is in bear territory: Stocks drop after oil hits new high, concerns that GM could run out of cash,” it was reported that:

NEW YORK – Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash.

The stock market’s pullback, which accelerated in the final hours of the week’s last full trading session, left the Dow Jones industrial average officially in bear market territory, with the blue chips having fallen more than 20 percent from their October highs.

Oil surged to new records above $144 a barrel as the government reported a bigger-than-expected drop in U.S. supplies and as investors worried about tensions in the Middle East.

The July 1 DOW figures and analysis about those figures demonstrated how market performance was exactly proportional to the rise of the price of oil.  Oil is the grease that lubes our entire market structure.  More expensive oil makes virtually every product more expensive even as it cuts down on American’s individual purchasing power.

And the Demcorats have for decades now resisted any effort to produce a stable long-term source of domestic oil.  Even in the aftermath of the OPEC embargo that ravaged our economy in the 1970s, Democrats have refused to allow the United States to separate itself from OPEC and other foreign oil.

Hopefully, Americans will recognize the threat that Democrats are to our economy, our security, and our way of life this November.  If not, I can guarantee you that America will continue to suffer the consequences of rising fuel prices until it comes to its senses and elects enough Republicans to overturn the irrational Democrat-implemented drilling bans.

I only hope that we come to that moment of national lucidity before the next crisis strangles our weakening economy.  If we do not act to ensure a stable domestic energy supply in the very near future, we may well find ourselves quickly bleeding to death and desperately needing a transfusion that will not come in time to save us.