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Millions Go Without Heating Oil Because Of Failed Bush War For Oil

Many Americans including the elderly and the working poor are now having to do without heating oil as a price of a barrel of oil has quadrupled from just $28 a barrel when Bush was elected in November 2000 to over $117 a barrel today. All of this has only gone to make the cost of heating oil around $4.00 a gallon, which is unaffordable for millions of Americans who cannot afford to spend $500-700 a month to heat an older home with oil. Many Americans find themselves wearing layers of clothing shivering in cold homes as a result of big oil buying the Bush Administration into power in Washington.

The result of this oil plutocracy government in Washington has been over 4,000 American service persons killed and over 20,000 wounded, many seriously as the result of the Bush Oil Administration's attempt to grab on to the oil assets of Iraq. Instead of securing lower oil prices, oil supplies became more uncertain as a result of the war, and worldwide oil speculation of the tightening world supplies only helped to fuel a ballistic upward surge of oil prices on the world commodity markets. The resulting huge inflation of oil prices has only driven up food prices as well as inflation in so many other areas and helped to ruin the American economy driving it into a recession.

For the first time in American history, many of the members of the Bush Administration represented only one industry group, oil. In fact, 43 members of the Bush Administration were from the oil industry including Bush himself with family oil ties, Vice President Dick Cheney with his Haliburton Oil Company background as the former CEO, Secretary Of State, Condoleezza Rice, a former Chevron Oil board of directors member, and Don Evans was the former CEO of Tom Brown Oil Company, among other Bush Administration members who held positions who were former oil company lobbyists, executives or stockholders. In addition, another 33 members of the Bush Administration had defense industry ties or like convicted felon "Scooter" Libby Lewis, were strong advocates of "preemptive warfare". Other disgraced militarists included Paul Wolfowitz and Donald Rumsfeld, both part of the militarist organization, The Project For The New American Century.

The oil industry is not about to lose power in Washington and has already made big contributions to the three senators running for president. Republican John McCain has received $291,658 in big oil contributions so far. Hillary Clinton has received $289,950. And Barack Obama has received $163,480 in contributions from the oil industry. This industry is hedging it's bet by making contributions to all the remaining candidates.

During 2007, Exxonmobil spent around $17 million to lobby Congress. Chevron spent around $9 million on lobby efforts. And BP, ConnocoPhillips, Shell and others around $5 million or less dollars on lobby efforts to kill legislation on renewable energy bills or other profit hurting legislation that would cut oil industry profits. While millions of Americans struggle to afford heating oil, oil company profits among just the "Big Five" companies total around $230,000 a minute. In 2007, the "Big Five" oil companies earned $123 billion in profits, and continue to enjoy $1.8 billion in tax breaks. Most recently, Republicans in Congress fought to stop an attempt by the Democrats to remove some tax advantages of oil, only proving the great power of the oil industry in Washington to control legislation relating to the industry.

In many ways it seems like the oil industry engages in a form of "pay for play", by spending money on lobby efforts to gain big tax breaks. For every $1 the oil industry spends on lobby efforts, the oil industry earns $264 in tax breaks currently. During 2007, big oil's efforts to kill renewable energy legislation could have killed an estimated 116,000 jobs for those working in solar, wind, and other alternative energy research and production. Big oil has constantly fought a battle to strip away tax credits from alternative energy purposes while fighting to retain it's own big tax credits.

Meanwhile the failed war for oil in Iraq has cost Americans over half a trillion dollars in taxes, and has only acted as yet another factor driving up more oil speculation and significantly boosting oil prices. On April 15, when most Americans paid their taxes, few knew that an average family pays around $2,700 a year in taxes for the military, including funding for the Iraq War for oil. So far the failed war for oil has cost the average household $4,681 in taxes since 2003, while the federal government only spends just 29cents a year on consumer protection by comparison.

If anything the big oil industry involvement in Washington has only proven that whatever you invest in you get more of. Big oil's involvement in Washington has only resulted in a MidEast war for oil, record gas and home heating oil prices, huge food and other inflation, a recession, and big profits and tax breaks for the industry. Meanwhile oil is at $117.58 at the time of this writing, and $4.00+ a gallon gas is a coming reality.


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Rating: 1.7/5 (11 votes cast)


Comments (8)

Jeff:

Yeah, go with the War For Oil meme here on WizBang Blue ...

What is the average families tax bill for failed liberal social programs ?

Well, if you think oil is expensive now, just wait until Iran has the bomb and threatens Saudi, Kuwait and Iraq ... $120 will seem cheap ...

Peter F.:

As usual Hooson, you make a lot of bombastic claims without providing much (or any, that's more accurate) evidence of market manipulation, price fixing or even direct evidence showing how Cheney, Rice and so on, are all somehow profiting from the war in Iraq. Or even that the oil companies are directly profiting from the war in Iraq. Or point out the renewable energy bills "Big Oil" killed in 2007 and the jobs they allegedly took away. Or provide context for "Big Oil" profits which are fairly standard, running around 9%--most of which goes back into product research and development, exploration, etc. Worse still, is your utter lack of knowledge of the futures market and that oil is a world-wide traded commodity sold on the open market and not sold to any country in particular. Heck, you can't even bring yourself to acknowledge the explosive demand for oil in the uber-accelerated developing nations of China and India since Bush took office.

But all of it is par for the course.

Nah, in the end what this is is a bunch of loose allegations and implied nefarious connections against current and former Bush Administration officials and just another pointless Bush/corproate-bashing opus that doesn't hold any water. Or oil, in this case.

BTW: Don't enviro-loving lefties like yourself want FEWER homes heated by oil from the dirty oil companies? Hmm? Or maybe we can have another big government subsized program (aka: deficit increasing subsidy) to help convert all those oil-guzzling homes and get them on the electrical grid instead. That should take what, only a few hundred billion? Couple that with proposed government health care and, oh brother, we'll bankrupt the economy lickety-split! Boo-yeah!

Oyster:

Dang. Where's Hugo Chavez when you really need him?

DaveD:

Oh for crying out loud! You would have been all over Bush if the "War for Oil" had resulted in lower fuel prices. You know, all those lives for cheap oil. Now you say all those lives for expensive oil. It's OK by me if you're against the war in Iraq, but you'd be safest in just writing that alone and not waste space with the rest of the garbage.

Not sure what you're referring to, 'not surprised'... were you censored?

Checking our records, the comment you posted above using the handle "I can think can you?" is yours also - it wasn't censored, was it?

Lee Ward[TypeKey Profile Page]:

"made a post directly before that one held for moderation."

No sign of it. It's not in the queue -- and it wasn't censored.

ElvenPhoenix[TypeKey Profile Page]:

Hmmm...

Let's see...

Supplies are tightening due to increased demand from developing nations (ie, China & India), and the things that could be done to alleviate the problem are blocked by the Dems.

1 - Drilling in ANWAR (in areas ALREADY SET ASIDE for drilling)

2 - Drilling in our coastal waters (where the Chinese are set up just outside the boundaries, drilling oil that rightfully should be ours)

3 - New refineries (no new refineries in what, 30 years???)

4 - Nuclear plants

5 - Oh, and what about the various formulations of gasoline that change at least twice a year, causing refineries to have to idle and retool, thus depriving them of time. And time is money.

There are more ways I'm sure that the Dems contribute to high gasoline prices. Oh, and lets not leave out taxing the oil companies even more, which would further drive up the cost of gas and heating oil.

Lee Ward[TypeKey Profile Page]:

We should have been investing in alternative fuels for the last decade and creating green jobs in the process -- but the idiot in the White House decided to spend billions on a stupid war in order to protect oil company profits instead.

Woops - there goes the 2008 election, Repubs.

But thanks for playing -- I estimate it'll be 20 years before we let you clowns back in the White House, so sit back and enjoy the show. Whatever the Dems drop going forward -- it'll be better than what the Repubs have done over the last 8 years.

There is some price pressure from China's growth, but a large part of the $4 a gallon gasoline price is the instability in the middle east.

The fact that Repubs don't recognize that is part of the same myopic lunacy that prompts George Bush to say yesterday that we aren't in a recession,and John McCain to say today that we ARE in a recession.

Who's right? They're both idiots - can't trust 'em...


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Publisher: Kevin Aylward

Editors: Lee Ward, Larkin, Paul S Hooson, and Steve Crickmore

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