Watchwoman on the Wall

Watchwoman on the Wall


Drill Nowhere, Drill Never

posted by Donna Calvin

Why is the current Obama Administration completely against relieving our oil crisis?  Read on and be shocked to learn things you may never have heard before!

 

by Robert Ringer

Since the Obamaviks descended upon the nation’s capital in January of 2009, the government has dramatically improved its ability to carry out its two main functions — redistributing wealth and creating crises. However, lest you give them too much credit for their remarkable success in these areas, remember that much of that success was made possible by past actions on the part of progressive Republicans, philosophically confused Republicans and RINOs.

The redistribution-of-wealth issue is almost at the point of no return, even though a number of principled Republicans are actually threatening to make a serious attempt to stop it by refusing to raise the debt ceiling. The odds against their succeeding, however, are about as long as the odds against Osama bin Laden’s showing up in Times Square tomorrow.

Just ask their leader, Boohoo Boehner, who keeps going out of his way to let the enemy know the Republicans have no intention of cutting up the Democrats’ Capital One card. We will soon get the answer to the debt-ceiling increase, so let’s set aside that Obamanation for now and turn to government function No. 2, crisis creation.

The crown jewel of the Obamaviks’ crisis-creation strategy is the skyrocketing price of gasoline, resulting almost exclusively from the government’s heavy-handed, unConstitutional regulation of the petroleum industry.

A recent example was the U.S. Environmental Protection Agency’s ruling to withhold air permits from Shell Oil, which, in essence, forced the company to drop its long-planned exploration project in the Arctic Ocean off the northern coast of Alaska. The result is that Shell wasted five years and roughly $4 billion in preparation for the project. The EPA’s excuse for their latest “drill nowhere, drill never” ruling is that Shell’s exploration would have been too close (70 miles) to a 1-square-mile village named Kaktovik, Alaska, a booming metropolis of 245 residents.

Needless to say, far-left groups like Earthjustice, Center for Biological Diversity and the Alaska Wilderness League were wetting their pants with joy at their latest victory over evil oil companies who are trying to improve the lives of Americans. No big deal — just another 27 billion barrels of oil that have been left to sit underground indefinitely. When the news reached Riyadh, Saudi Arabia, they must have started celebrating and passing out cookies in the streets.

Notwithstanding this latest attack on fossil fuels, many in the media arm of the White House (ABC, CBS, NBC, MSNBC, The New York Times, etc.) are concerned that if gas prices continue to rise, it will hurt Obama’s chances for reelection. But their concern may be unwarranted, because one of Obama’s greatest talents is his ability to deflect attention from his own economy-killing actions and attack the good guys in Alinsky-like fashion.

So how can the anti-progress progressives have their no-gas cake and eat it, too? The fact is that when it comes to high gas prices, finger-pointing is a piece of cake — greedy speculators and greedy oil companies… case closed.  It is, of course, pure nonsense, but the Homer Simpson crowd doesn’t have a clue.

Notwithstanding Bill O’Reilly’s constant drumbeat about evil oil speculators, most experts agree they have very little bearing on the price of gasoline. Remember, a smart speculator can make just as much money when gas prices go down as when they rise.

As to greedy oil companies making billions of dollars in profits, almost everyone who watches or reads the news knows the profit margins in the oil industry are relatively small compared to, say, technology companies such as Facebook, Google and Microsoft.

All other things being equal, the chief cause of rising oil prices is the continuing decline of the dollar. That ties the artificial oil crisis to the equally artificial debt-ceiling crisis, because when you raise the debt ceiling — as Congress has been doing nonstop for decades — it makes it possible for the government to spend more, in turn causing the dollar to decline.

It’s somewhat tragedy and comedy that redistribution of wealth is perhaps the chief reason for skyrocketing gas prices. I say tragedy and comedy because those who benefit most from the government’s redistribution-of-wealth policies have to give an increasingly larger percentage of their largesse back in the form of government-created higher fuel costs.

If I were king (the only government position I would ever accept), I could solve the artificial energy crisis overnight. My plan would be simple:

Close down the Department of Energy and the EPA, and get the government completely out of the energy business.

  • Make oil and gas drilling legal everywhere — in the Gulf, off both coasts, in the Arctic National Wildlife Refuge, even in your back yard — no restrictions and no exceptions.
  • Remove all restrictions on coal mining and shale-oil extraction, except for reasonable safety standards.
  • Forget arguing about tax breaks and tax credits, and just cut taxes to zero on all oil, natural gas and coal-producing companies.
  • Remove all taxes on gas at the pump for consumers.

I would announce all of the above (and many more pro-growth ideas that I could come up with by then) the day of my coronation, and I guarantee you that energy prices would quickly fall through the floor.

  • This would result in hundreds of billions of dollars in increased profits for gas, oil and coal companies, which in turn would result in:
  • The creation of hundreds of thousands of new jobs (and millions more indirectly), which, unfortunately, would actually increase tax revenues for those greedy guys who roam the halls of Congress.
  • Energy companies increasing, rather than decreasing, exploration and production, which would put the U.S. on a fast-track to becoming energy independent.
  • Energy companies paying higher dividends to their shareholders, most of whom are pension funds and mutual funds that represent middle-class Americans. Increased dividends would mean more money for shareholders to spend, which would be good for the economy.

 

The United States has at least 100 years of natural gas reserves and 200 years of coal reserves. And if I became king, I would wager that should all restrictions be lifted, we would discover we have much greater oil reserves than we now believe. The amazing truth: We are the world’s most energy-rich nation!

Congressman Dan Boren of Oklahoma — a Democrat! — summed it up succinctly when he said recently: “President Obama is completely uninformed about the oil and gas industry. … If the President doesn’t want to stand up and be a leader, then his silence would be appreciated from people who are trying to find solutions.”

Fat chance. The odds of silencing the Master of the Monologue, who is steadfastly focused on collapsing the U.S. economy, are right up there with the odds of Osama bin Laden’s showing up in Times Square.

 

Robert Ringer is the author of three No. 1 bestsellers and host of the highly acclaimed Liberty Education Interview Series, which features interviews with top political, economic, and social leaders. He has appeared on Fox News, Fox Business, The Tonight Show, Today, Good Morning America, The Dennis Miller Show, ABC Nightline, and The Charlie Rose Show, and has been the subject of feature articles in such major publications as Time, People, The Wall Street Journal, Fortune, Barron’s, and The New York Times.

Source: Personal Liberty



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Comments read comments(14)
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chaoscoach

posted May 25, 2011 at 4:04 pm


Really Beliefnet? Seriously? What does this ultra conservative screed have to do with faith?



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iconico62

posted May 25, 2011 at 5:55 am


Robert Ringer is Sarah Palin’s twin. This is the kind of myopic propaganda that makes oil magnates salivate and middle America cringe. Where do you get the idea that raping the environment is good for every American? Good for neocons and oil companies. Disastrous for the environment, for the middle class.



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truthteller1611

posted May 24, 2011 at 6:19 pm


Want to know why prices are high, check out the URL



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Joe

posted May 23, 2011 at 7:39 pm


Where do we get the idea that gas will be cheaper if it comes from American wells? If that were the case, at the gas station we would have a pump for American oil and another for foreign gasoline with the former at a lower cost. We don’t because the source of the oil is not the reason for the cost, but speculators (many foreign) and OPEC controlling costs. More drilling in the U.S. will not drive down prices (OPEC need only cut production to make the cost remain high), it will just add more of the drug to our oil addicted economy.



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Eddie deRoulet

posted May 23, 2011 at 7:14 am


sounds like a lot of right wing propaganda to me. maybe the senator from OK should keep his mouth shut when it comes to issues that he knows nothing about as it may balance out things. But I would assume that would be difficult for him and other oil money hungry politicians.



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RenaVA

posted May 23, 2011 at 6:42 am


Let’s be real people. We, meaning all of us in every country around the world, are and will be dependent on oil, natural gas and nuclear energy, as sources of energy; because we do not today possess any real workable energy alternatives to replace those sources of energy. Wind, water, solar energy producers do not and will not ever produce the amount energy we need for our society today. Progressives and liberals alike tout that the wind, solar and water will do as well as te traditional energy producers, but they are just completely unrealistic and wrong. For example, it is said that in order for Wind energy producers to produce enough energy for a small city they would have to have over 6,000 Wind Turbines or more depending on more factors. Is that realistic? In my opinion (IMO) it is not. Is that a good utilization of our land? Will it be pleasant to look at? Probably not.



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truthteller1611

posted May 16, 2011 at 5:50 pm


You can almost hear the toilet flushing away our freedoms and our dollars when you read this excerpt from the above article.

All other things being equal, the chief cause of rising oil prices is the continuing decline of the dollar. That ties the artificial oil crisis to the equally artificial debt-ceiling crisis, because when you raise the debt ceiling — as Congress has been doing nonstop for decades — it makes it possible for the government to spend more, in turn causing the dollar to decline.



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Jacki

posted May 16, 2011 at 2:54 pm


How incredibly short-sited…



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Dave Mason Sr

posted May 15, 2011 at 2:22 pm


If I were King… I love it! What a great way to express the frustrations of the serfs in this country, and we are all becoming serfs to the increasing power of our government. Like the comedian, I can’t remember his name with the phrase; “If I were President” you hit the nail on the head on both points you made. There are just too many people with their heads in the sand in this country. The Not In My Back Yard folks are part of the hand out crowd and cry babies that want to be handed a fish – that was a caught by you and me.

Until we start, once again, to take care of ourselves by drilling our own oil and refining our own fuel, we will be at the mercy of the very people that hate us most, and continue to be their serfs too. We must take care of our own.



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BLESSEDONE333

posted May 14, 2011 at 4:16 pm


FIRST OFF I AGREE WOULD SHOULD DRILL FOR CRUDE OIL. We have enough of that in every corner of our country from Alaska to Florida so we need to consider our own natural oil first.

SECONDLY WE HAVE THE TECHOLOLGY TO OFFER FREE ENERGY – that does not require dirty oil to begin with – no not solar – not wind -but REALLY FREE ENERGY. The elites have this – but if you had it they would no longer be able to lord their wealth over you and manipulate you.

see the video here of just one of these ways for FREE ENERGY
http://www.youtube.com/watch?v=70hpqobNNk8

THIRDLY I DO NOT SUPPORT THE DEMONIC FRACKING FOR NATURAL GAS AS IT’S DONE TODAY! IT’S POISONING OUR WATER TABLES!

WE DON’T NEED TO INVEST IN DANGEROUS GAS – WE HAVE ENOUGH OF THE REGULAR KIND TO LAST 100 YEARS



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roland zamorano

posted May 14, 2011 at 3:31 pm


“If I were king…..” give us a break, we have enough fantasy-talking heads as it is without having to read someone’s ranting, ignorant illusions on this site.Being retired from the oil-patch and banking here in Texas, I have developed some insight to our energy problems…..GREED.Mr Ringer sounds like he’s on an energy surge for the big petro banks, or RNC



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Timby

posted May 14, 2011 at 10:16 am


Wow … this is wrong in so many ways. For example: when oil was $100 a barrel a year ago gas was in the mid $2 per gallon. Now with oil at the same price it nearly $4. So what’s the difference. If you are to believe the oil companies then their refined product would come out at the same price as last year. Since oil is the same price then it’s not OPEC. So that leaves the speculators who have pumped the product up to get the prices up. Yes they can make money when gas is on the way down however, it’s so much easier to get it on the way up.

No on to the sainted oil company. Lets remember their profits are the highest ever. They’re higher than the time when they had no regulation from the government to stop them from drilling anywhere.

Next lets look at the gas industry as an example of keeping things environmentally clean. They use a process called FRACKING to get the trapped gas out of the shale deposits in Texas. When asked what chemicals are used they refuse to tell anyone. Now these poisons are finding their way into the water supply’s.

Of course we don’t want to mention the deep water oil fiasco that happen a short while ago as I’m sure the folks in the Gulf are still cleaning up. Maybe we could ask the city in Alaska about their oil encounter. Opps…. they town is gone as well as the fishing industry.

Don’t get me wrong, I feel there can be a middle ground. We need more ways to cut our foreign energy requirements. It would take some freedom to do as well as keeping certain companies from stopping these new enterprises.

We need to move away from the greed cycle. Oil companies don’t need tax breaks to get oil. The loss of these breaks wouldn’t effect the bottom line much and not really effect job creation. So that was posturing from big oil. This is the same posturing that took place a decade ago in the Tech industry trying to figure a way out of paying for local labor. They got creative and bullied the government into allowing jobs to be off-shored. This has been a disaster.

So lets learn from our mistakes and move forward. Time is running out.



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Tom

posted May 14, 2011 at 9:05 am


Obamaviks is a stupid name. But what else would you expect from Republicans?

Sing it, Whoopie!



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Brendan Pieters

posted May 14, 2011 at 7:52 am


Clever writing, but wrong about everything. Yes, there’s a little bit of oil here and there, but no, it’s ugly stuff and we need to get over it.

Obamaviks is a stupid name. But what else would you expect from Republicans?



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