cancel
Showing results for 
Search instead for 
Did you mean: 
Veteran Advisor

They're Not Serious

No-drill Democrats are looking wan under the bright light of rising gasoline prices. So what do they do? They retreat to their worst ideas and claim they've brought a fresh set of solutions to the table.

The Hill reported Wednesday that "Democrats say they learned their lesson from the summer of 2008 and have resolved to go on the offensive to avoid another pummeling over high gas prices."

Sounds promising. But anyone who thought Democrats had given up on their crackpot energy proposals will be disappointed to learn that the party still refuses to offer any serious answers.

Instead, they drag out the usual nonsense, such as opening the Strategic Petroleum Reserve — which was not intended to be a tool for market manipulation and does nothing to increase the supply of crude — and pressuring other nations to increase production while the U.S. economy recovers, a guaranteed diplomatic failure.

Other proposals include:

• Enabling the Justice Department to prosecute members of the Organization of Petroleum Exporting Countries that collude to increase oil prices. Do they really think the outlaw nations that make up nearly all of OPEC care what a court says?

• Fining oil companies $4 for every acre of public land or water they lease but aren't drilling on. This, of course, is an effort to make the Democrats look like they support drilling. But it's a cynic's game.

They know those fields aren't being used because oil companies have determined that drilling them is not productive. If Democrats were serious about drilling, rather than trying to force resources from unproductive tracts, they'd let oil companies drill where they know the crude is.

• Cracking down on speculators in the oil markets. This is weak on two levels.

First, scapegoating speculators is clearly a diversionary tactic. Speculators are not evil profiteers — they are merely traders looking ahead and responding rationally to the unfriendly oil-market conditions that the Democrats have brought about.

Second, by driving prices higher in today's market, speculators help prevent shortages at a later date. If they aren't affecting today's prices by weighing the future, then the current price signals can't encourage consumers to self-ration. Without those signals, they will draw down the supply to dangerous levels.

If the Democrats weren't playing politics and truly wanted to bring down gasoline prices, they'd get behind a strong drilling policy. Certain that future supplies will be higher, the market would respond with lower prices today.

But that doesn't fit the green agenda that Democrats have chosen to follow. So they have to bluff their way with insincere proposals, because the only thing they want to drill are taxpayers' wallets.

 

http://www.investors.com/NewsAndAnalysis/ArticlePrint.aspx?id=566445&p=1

 

2 Replies
Senior Contributor

Re: They're Not Serious

A BLOG!? Your quoting a blog, that's only one man's opinion for the few minutes it takes to write it as gospel truth??? Craig!, my boy, your now down to clutching at straws!! Pitiful Blogs! A person who obviously has a agenda? My guess is he is a speculator, trying to save his own dumba** before the CFTC shuts them off. IT'S ANOTHER SCAM, PAL!

Veteran Advisor

Re: Not a Blog, My Collectivist Friend


@GreaTOne_65 wrote:

A BLOG!? Your quoting a blog, that's only one man's opinion for the few minutes it takes to write it as gospel truth??? Craig!, my boy, your now down to clutching at straws!! Pitiful Blogs! A person who obviously has a agenda? My guess is he is a speculator, trying to save his own dumba** before the CFTC shuts them off. IT'S ANOTHER SCAM, PAL!


It is not a blog, my collectivist friend.  It was published in the Investor's Business Daily... the daily "Bible" for capitalist economic promotion.  Furthermore, list one thing that is not correct in that article.  .... It is dead-on correct, even to the last line.

 

I have my fuel barrels full to the brim and know how to wait out the storm.  Soon enough, I will have a car that is powered from on-farm sources and I won't give a flip what guys like you are paying to fill up their GTO's , RV campers and other gas hogs.

 

BTW, how many times have you put up comments from Alternet.org and Ogremann as your version of "the Gospel"????   Yeah, I can't remember how many hundreds of times, either.