Bakerstreet

What is unfair is that price of an essential commodity is being manipulated by several very large oil companies who control the supply and thus the price. They can create mini shortages by slowing down refining or by refining less of one product and more of another. If gas and heating oil were something that consumers could simply not purchase when the price got higher it would be different. However, people need to get to work. Goods must be transported regardless of the price. The Free market simply does not function with petroleum and since it is so essential increasing the price because the oil giants have created a supply problem causes great harm to both individuals and companies. Everyone is harmed except the Big Oil Companies. They reap the added profits their manipulation of the supply causes. Those increased profits are not being used to build new refining capacity which is the reason we are given for the high prices. Despite the fact that demand has been and will continue to increase, NO NEW refineries have been completed in at least 20 Years. There is every reason for BIG OIL to continue with the current practice so they may continue to payout dividends to the wealthy that own the oil stock and insure the supply relative to demand enables them to continue manipulating the price and their future profits! Free enterprise and competition is NOT operating in the oil industry!

To add insult to injury, Bush and the GOP gave Big Oil $12 Billion in tax credits. WHY? They have more then sufficient profits without the tax credits to build refineries or drill for oil. The Tax Credits is like sending Food Stamps to Bill Gates! Because we are operating at an annual budget deficit that $12 Billion in tax credits to Big Oil was BORROWED and we are paying interest on that tax credit! Then we cut the tax rates for the wealthy investors that own the oil company stock and we also borrowed the tax cuts to the wealthy in our country. EVERYTHING is WRONG with this picture!!!!!

“No new refineries have been finished in 20 years because the tree huggers won't let them be built” THAT IS BULL S**t!!!

The power of Big Oil could have overcome that lobby especially with the GOP in control of Congress and the White House!


“as for gas being used in the usa 33% of refined gas is imported because WE CANNOT REFINE ANY MORE BECOUSE WE ARE AT CAPACITY .”

That is why BIG OIL should have built more refineries!

How about this:



Reply By: COL Gene Posted: Wednesday, May 23, 2007



To add insult to injury, Bush and the GOP gave Big Oil $12 Billion in tax credits. WHY? They have more then sufficient profits without the tax credits to build refineries or drill for oil. The Tax Credits is like sending Food Stamps to Bill Gates! Because we are operating at an annual budget deficit that $12 Billion in tax credits to Big Oil was BORROWED and we are paying interest on that tax credit! Then we cut the tax rates for the wealthy investors that own the oil company stock and we also borrowed the tax cuts to the wealthy in our country. EVERYTHING is WRONG with this picture!!!!!

here is a quote from a liberal who is quoting a liberal newspaper in the oil industry but if you read carefully he/she first names one paper and then says he/she is quoting another mag which is a liberal paper


Why No New US Oil Refineries in 29 Years?
By toppa | bio
Congress is already gearing up to loosen environmental regulations and "streamline" the approval process (i.e. block objections from local communities) for the construction of new refineries:

"Congress got an earful from industry officials who argued for tax breaks to bolster capacity and complained that environmental regulations and 'not in my backyard' citizen movements had blocked efforts to build new refineries...Both parties are weighing measures to loosen environmental and permitting constraints for refineries."

As the saying goes, don't believe the hype. It turns out that environmental regulations and NIMBY-ism never came into play, because until now the industry hasn't been particularly interested in building new refineries:

"'Oil companies want to make money with refineries, and they did not want to get excess capacity by over-investing,' says Lehi German, president of Fundamental Petroleum Trends, a weekly newsletter. Oil companies felt that if America suddenly needed more gasoline or diesel fuel, 'then import it.'"


So the industry has placed profits ahead of investing in refining capacity, and - with the exception of this Christian Science Monitor article I quoted - the media seems content to go along with them pining the whole thing on environmentalists.


so the guy/gal in one paragraph forgot who he was quoting

reminder

the democrats have yelling for higher gas prices since the 70's

but they wanted to hit 5.00 a gallon on taxes

so the only reason they are throwing a fit is that they are not the ones controlling the money

and this goes for dictator col. gene

Do you even understand politics at all, seriously?

Congress and the White House are "dominated" by conservatives because they were voted there.  I see you don't have this problem with liberals, because what you are hoping is full control by the democrats.  Once again contradicting yourself that government should be "balanced". 

Democrats want to act.....what a joke.

Will you stop with this "will of the people" BS.  You seriously have no understanding of the government.

But I see you didn't anwer my post.  If you want balance, then why are hoping for a complete democratic takeover?




You are neither a republican or conservative, and where are you getting your numbers from as you are known to skew them.  Once again, where is your opinions on the far-left that you are so aligned with?  LOL.  I laugh everytime you call yourself a republican.

What is the "will of the majority"?  Where are you facts to back it up from?  Once again you provide nothing of substance.





I love how you result to insults.  I don't watch CNN, and I don't trust any "facts" you present as I have caught you several times in the past manipulating and lying about "data".  So once again, where is your numbers?





Sure col.  Then I am a moderate democrat.

that's their game...throw mud at whomever steps out of line. squash anyone who tries to think things differently. stomp on any attempt at any honest debate or discussion and use the "L" word early and often and try to turn everything into a con vs lib mudthrowing session.

unfortunately, that's all they have left.

and unfortunately for them. and the democrats, if they don't get their act together pronto, the real majority in this country is the independents.

but if they want to continue shooting themselves in the face (cause dick cheney had "other priorities" that day) and insult everyone who isn't a bush loyalist neoconservative...it's fine by me.




that tact only helps the anti war movement.

as saint bonaventure said..."An example of the Monkey: The higher it climbs, the more you see of it's behind." -Saint Bonaventure

how sad for the lil neocon monkeys.

It seems to me only yourself and col are the ones throwing mud and insults here.  It's hillarious how you are going around calling everyone who disagrees with you a "neocon", but here i find you complaing about someone else doing it.  LOL.





What is the approval number of the democrat controlled Congress col?





I ask for the thrid time, where are these numbers?

 

because on this issue, if you support this war, you are one. or part of the religious right (but they are splitting now). real conservatives, even the ones who fell for it as 1st, don't support the continuation of this policy.



well, his numbers aren't perfect. but they are within anyones "margin of error...

April 13, 2007: Independents' Day on Gallup

The latest Gallup Poll shows 33% of Americans identify as Democrats, 28% as Republicans and 37.5% as Independents. The way things are going nowadays - look for that last number to grow.

Will you stop with this "will of the people" BS. You seriously have no understanding of the government. YOU ARE THE ONE THAT DOES NOT UNDERSTAND that in a democracy the will of the MAJORITY governs!

That is correct! Which is "why" Bush got a second term!

What is the approval number of the democrat controlled Congress col? The latest poll had the democrats at about 27% and the GOP at 23% with bush at 30%

Hey col why don't you try the correct numbers. GW's approval rating is 33% not 30%

The VOTERS of this country really screwed up in 2004 when they elected Bush with 52%.

That is your opinion however....it was the WILL OF THE MAJORITY!

Hey col why don't you try the correct numbers. GW's approval rating is 33% not 30%
That depends on the POLL In any event that is LAME!