$12 Per Gallon Gas is Cool With Republicans
June 10th, 2008 | by Papamoka |
Current legislation would have imposed heavy taxes on Big Brother Oil if they did not invest the mega profits into alternative energy sources. Oh, and it would have stripped out $17 Billion in tax credits for Big Brother Oil Incorporated in Washington D.C. Republicans in the Senate killed it. There was a small service, no flowers, no formal funeral. Just a bunch of folks from the Senate going “Oh Gee Willickers?”
Over at the New York Times they have this on the Republican Party in the US Senate telling the American People that $17 Billion in US Treasury funds are better spent by Big Brother Oil than you pesky gas guzzling near do wells…
2 Energy Bills, Including Windfall Tax, Stall in SenateBy DAVID STOUT
Published: June 11, 2008WASHINGTON — A Democratic proposal to impose heavier taxes on big oil companies stalled in the Senate on Tuesday as Republicans and Democrats offered different ideas on how to deal with soaring energy costs.A bill that would have rolled back some $17 billion in tax breaks on Big Oil and pressured the companies to invest in new energy sources by hitting them with a windfall-profits tax if they did not failed to get enough votes to move forward. Fifty-one senators voted to bring the measure up for consideration, but that was nine short of the number needed under Senate rules. Forty-three senators, most of them Republicans, voted “no.” - New York Times
And people wonder why the Republican Party is looked at as the party of big business and screw the rest of ya?
Is it just me or do all Republicans feel that Exxon/Mobil needs a huge chunk of that $17 Billion in tax credits? Hell Exxon could almost pay for the whole program in one quarters profits! That is clear profit!
Oil profiteering is reaching the point of genocide of our nations commerce. In doing so they are killing the beast that feeds them and that in turn will lead to the days of Teddy Roosevelt where every Big Oil Brother will be and should be broken up into a family of thirty and forty Little Oil’s. History must repeat itself for the greater good of the nation and for that matter the world.
In some respects I understand Hugo Chavez for privatizing his nations oil markets. When one organization thinks it owns the nations government, has that nations commerce by the throat, then government must step in with a heavy hand. Just my opinion. No Commie innuendo’s applicable. It works for New Hampshire with the control of liquor?
Do we need more Republicans in office to protect and defend the rapist’s of our economy. Is rape good and defending the victims in this oil market gone mad bad?
At one point in the price per gallon of gasoline the Oil Market will kill all of our world economy and the ones profiting the most from it will walk away clean as a new born babe. That isn’t just an assumption it is a cold hard fact. Every single product you use as a human being is in some way or form connected to the price of oil. Millionaire Republican’s killed this bill simply because they do not face the reality of someone living in the lower classes. Paying double for heat, double for gas, double for food, double for everything you need to survive is not a priority when you have a million dollars. It’s irrelevant in their minds. Tell that to someone surviving on Social Security! Then it becomes extremely RELEVENT!
The only question to ponder is at what point does the world economy collapse based on the price of oil per barrel? Make no doubt about it, that point is coming very soon. You can almost mark it on your calendar as oil spikes nine and ten dollars a day based on nothing than speculation.
There is something not right with the pricing of oil and I’m just guessing that the multiple billions of profits from all of the oil companies per quarter across the world just might have something to do with it. Excessive oil prices is wiping out the bottom layer of our nations economy. Without the bottom income earners the middle will collapse, without the middle the top will cave. Domino effect and that we can thank the Republican party for. Just for giggles, President Bush was going to Veto this bill if it passed.
In that respect, the meek shall inherit the Earth. It all comes down to oil and economics. One can not live without the other and in that respect any economy can not be hijacked by the price of oil without serious government intervention.
Papamoka
5 Responses to “$12 Per Gallon Gas is Cool With Republicans”
By Independent Mind on Jun 11, 2008 | Reply
If you think gas prices are bad now, imagine what they would be if the government took away the tax credits you decry! Corporations pass all expenses on to the consumer. We would be paying $10.00 per gallon right now if the tax credits were taken away.
What we really need to do is allow drilling in the places that are believed to have vast oil reserves, like in the Gulf of Mexico, off the coast of California, in North Dakota, Montana, and yes in Alaska! The problem is, you libs love worthless rodents more than human beings and will fight further efforts to obtain the oil we have right in our own back yard! I wouldn’t be at all surprised to find out that Greenpeace is secretly funded by OPEC in an effort to prevent the US from drilling in the US for oil!
By rube cretin on Jun 11, 2008 | Reply
papa,
interesting post. thanks for sharing your thoughts. your closing thought,”One can not live without the other and in that respect any economy can not be hijacked by the price of oil without serious government intervention.” You are absolutely correct and that is why we are in Iraq today. George and Dick agree with your statement and said as much if you listened very closely to what they said when first taking office.
independent mind. i find your comment interesting. i am a liberal environmentalist and have opposed drilling in ANWR and off shore of florida. But i now see this is a serious bone of contention and is diverting attention from what really must to be done. My recommendation is to turn the oil companies loose. Tell them to drill in my back yard if they like. You know why i think this is a good idea. well, first it will shut folks like you up and it will prove we have already located most of the remaining oil in America. The reason oil companies are not drilling is because the costs and risks are too high, plus they know their is very little left to be found. Want to know why Exxon is not investing in renewables? Because they have not seen any evidence that any of those being researched is a net energy gainer.
Is the economy going to hell. Hell Yes! Is our life style going to change drastically. Hell Yes! go to this link and learn about the role of energy in our life. http://dieoff.org/
I offered more sites in a recent post by Jet, but no one seems interested.
Now i am going to sign off and go to my farm for a few days where me and mine are going to make a stand. All you folks riding around in your SUV’s and living the American dream scare the hell out of me and i am afraid of what you might do when the truth and reality sinks in. Plus i fear the folks who incarcerate crazy old folks might be on my trail.
Cheers
By Lisa on Jun 11, 2008 | Reply
As long as the government gets their 15% per gallon for doing nothing ,you know the money that is supposed to go to our infrastructure that the left always blames Bush for.Where is that money? Maybe we should call for the government CEO’s to give up their profits.
Notice how things are going further downhill faster since the democrats took control of congress? And then you get a guy who wants to tax everything right down to the air you breathe.
I will use the same line you guys have used in the past”This is what you voted for”.
I would like to now is that whenever we hear reports on the high oil prices you never hear the MSM disagreeing about drilling here.
Taking the taxes on the oil companies isn’t going to help at the pump. It’s propaganda.
By manapp99 on Jun 11, 2008 | Reply
“WASHINGTON - Riding the public outcry on soaring oil prices, Rep. Chris Cannon is introducing legislation that would allow the president to skip the red tape on permitting oil shale extraction.
It’s a move aimed at speeding up what Cannon calls a vast domestic energy source.
Utah, Colorado and Wyoming hold what some oil shale supporters say is a Saudi Arabian-size reserve of synthetic oil in sedimentary rock that can be heated and processed into a fuel source. Six companies are now exploring the ability to extract the oil shale in Utah, but none is close enough to produce a commercially feasible product.”
snip
“We’ve been working on this for a long while, but the American people are ready for it right now,” Cannon said. “Four-dollar-a-gallon gas demands it. I just paid $3.92 a gallon. That is enraging the American people.”
The legislation, though, faces a difficult time on Capitol Hill, where several leaders have raised concerns about the ability to tap the oil shale without destroying public lands and using up scarce water in the West.
Sen. Ken Salazar and Rep. Mark Udall, both Colorado Democrats, pushed through a
ban last year against the Interior Department finishing up rules on oil shale leases, a prohibition that Cannon is attempting to bypass with his legislation.”
snip
“Industry-backed Americans for American Energy, however, claims the congressional action blocking final rules on oil shale leasing is undermining the country and its energy future.”
http://www.sltrib.com/news/ci_9537075
We have “Saudia Arabian size reserve” and two Democrat legislators from Colorado are blocking the leases.
By Craig R. Harmon on Jun 11, 2008 | Reply
We used to live in a free country that recognized the link between liberty and property. Alas, it appears that at least one major political party has forgotten that link. What? Private and investor-owned corporations won’t act against their own best interests? I know, why not just take the oil companies from the owners and investors and have the government run them any way seems good to them. See how that works out. Okay, socialism has always failed in the past but who knows? It could work this time…
Meh!
Read Adam Smith’s Wealth of Nations, people. Please.