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Myths, busted

July 8th, 2008

Here’s one:

• “Even if drilling works, it’ll take a decade or more for the oil to flow.”
This is quite an argument coming from the Democratic Party, which has made keeping oil off the market a linchpin of its energy policy for decades.

If President Clinton hadn’t vetoed the idea of drilling in ANWR back in 1995, we’d have that oil on the market today. Ditto if Congress had approved ANWR drilling in 2002, when President Bush requested it.

Even so, the larger point is false anyway. New oil will be flowing in some cases within three to four years, according to industry estimates. But the impact on prices will be immediate. Why? Because markets would suddenly have to discount future oil prices for the expected gain in oil supply. That would cause oil prices, especially in futures markets, to drop.

By the way, this isn’t just conjecture. President Reagan, within a week of his inaugural in 1981, removed domestic controls on oil. Energy prices began tumbling almost immediately, with oil falling from $34 a barrel in early 1981 to just $11 by 1986.

It worked before, and it’ll work again.

Not if anti-oil, anti-car, anti-working stiff, anti-freedom Envirocrats have their way, it won’t.

That mass trip to DC I keep talking about, tar-buckets and feather-bags in tow, is looking more necessary by the minute. Our blockhead liberal “leaders” — yes, I’m including Juan “ANWR=Grand Canyon” McMaverick in that sorry-ass aggregate — have their snouts directly in our wallets, and it’s going to take something more than just howling in pain from the economic exsanguination they’re performing on us to get ‘em out again.

Update! Almost forgot to note this:

What doesn’t get said is that while oil companies have profit margins of about 8%, about 12% of the price of a gallon of gas goes to the government in the form of taxes. When indirect taxes are included, the share is even higher.

So who are the real price-gougers?

And why is it that the same people who endlessly yammer about “Big Oil” never, ever complain about Big Government, which is stealing a lot more from us and returning one hell of a lot less, value for dollar-wise?

Epic FAIL Update! A blast from Pelosi’s past, courtesy of McQ:

With skyrocketing gas prices, it is clear that the American people can no longer afford the Republican Rubber Stamp Congress and its failure to stand up to Republican big oil and gas company cronies. Americans this week are paying $2.91 a gallon on average for regular gasoline – 33 cents higher than last month, and double the price than when President Bush first came to office.

“With record gas prices, record CEO pay packages, and record oil company profits, Speaker Hastert and the Majority Congress continue to give the American people empty rhetoric rather than join Democrats who are working to lower gas prices now.

“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.”

How’s that pantload of Democrap working out for ya, folks? Same “common sense” — from tough-talking socialist simpletons who are bereft of sense, but are all too common in the corridors of Big Government.

Update to the Epic FAIL update! Ahh, more of the same old solution from the useless dopes:

Building on last month’s bipartisan legislation passed overwhelmingly by the House requiring the Commodities Futures Trading Commission to use its emergency powers to curb excessive speculation distorting the energy markets, the House Agriculture Committee this week will hold three days of hearings on oil market speculation. The goal is to present the House with strong legislation this month to bring transparency to the markets and to end speculators’ ability to artificially inflate the price at the pump.

Hearings! And more legislation and regulation! It’s never yet produced one goddamn drop of oil, and it never will, but that’s because we didn’t do it right!

I’m now considering torches, pitchforks, and rails for riding right into the Potomac to go with the tar and feathers. Jesus Tapdancin’ Christ, how stupid do they think we all are?

Obstructionist dingbat update! Their practical, common-sense solution: “Drive small cars and wait for the wind.” Yes, as jaw-droppingly remarkable as such candor is, a Democrat really admitted it.

Tar, feathers, rails, torches, pitchforks — even all that may not be enough to get these bumptious leeches off our backs and out of our wallets.

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  1. plainslow
    July 8th, 2008 at 14:05 | #1
    You would think that either canidate would want this, as this may help cut the price of oil, which would be like a tax cut that dose'nt make the deficit bigger. And a tax cut for the people Obama says he is for.
  2. Ian
    July 11th, 2008 at 12:48 | #2
    Whenever you want to go to DC, I will drive my full size pickup to get there.
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