« Upholding the Bigot Tradition in North Carolina | Main | Outrageous NEW YORKER Cover Could Have Devastating Impact On Obama Campaign »

Bush Tries To Screw Us Again

UPDATE: Bush is on television speaking about the banking crash, and all this putz can do is blame the Democrats and politicize rather than lead. Bush says he hopes his actions stabilize the markets, and here he is showing America that he's more concerned with politics than solutions.

Absolutely amazing -- but I can't imagine a better campaign commercial for Barack Obama. George Bush saying we needed to take action 7 years ago -- Hello! It was an all-Republican world 7 years ago and they did nothing.


----end of update---

After marching American soldiers off to a phony, trumped war for oil, George Bush is out to screw Americans once more before he leaves office by calling for a lift on the moratorium on offshore oil drilling. The Grand Oil Party (GOP) will do all they can to help out their pals before they're run out of Washington this November.

Democrats have learned to just say no:

U.S. Senate Majority Leader Harry Reid, a Nevada Democrat, on Monday rejected a call by U.S. President George W. Bush to lift a moratorium on offshore oil drilling.

Bush announced on Monday that he lifted the executive branch's restriction on offshore exploration, saying only Congress stood in the way of opening up America's untapped oil riches.

But Reid said oil companies should focus instead on drilling on much of the 68 million acres that they have leased but not used for exploration.

Asked, however, if he expected to have the votes to block legislation to lift the moratorium in face of soaring gasoline prices, Reid told a news conferences, "We will have to wait and see."

Reid said he hoped to have legislation introduced this week to crack down on oil speculators.

On the other side of the Capitol, Rep. Edward Markey, a Massachusetts Democrat, mocked Bush's call earlier in the day to lift the ban.

"The Bush oil policy is an attempt at mass deception by a White House that has, for the last seven and a half years, pursued Big Oil's agenda of drill, drill, drill," Markey, chairman of a select House of Representatives committee on energy independence, told a news conference.

"Drill, drill, drill has failed, failed, failed," Markey said. "It has failed to make America energy independent. It has failed to prevent rising prices at the pump."

$4 a gallon gasoline is no accident. Just as the Bush administration failed in its oversight of the mortgage industry, the Republicans in power have also promulgated a war in Iraq that has served to ratchet up oil prices over tensions in the Middle East.

The "big government" Republicans have spent this country into debt, which has had the devastating effect of severely devaluing the dollar -- which has also resulted in higher prices for energy.

This one-two punch of a mortgage and housing crisis coupled with skyrocketing energy prices is plunging our nation towards a recession or depression,

What's the Republican solution? Help out their oil pals by lifting a drilling ban -- that will do nothing to alleviate our energy and economic crisis.

You can change this -- you can screw the Republicans by voting for Democrats in November.


Note: Wizbang Blue is now closed and our authors have moved on. Paul Hooson can now be found at Wizbang Pop!. Please come see him there!

  • Currently 1.8/5
  • 1
  • 2
  • 3
  • 4
  • 5
Rating: 1.8/5 (10 votes cast)


Comments (15)

stan25:

Lee are you so dense that logic cannot penetrate that feeble mind of yours? Bush and big oil are not the cause of the high gas prices nor the severe importation of oil from off shore sources. Neither are the speculators to blame for the high prices, they just follow the markets.

It is your buds in the Communist party USA--otherwise known as the Democrat Party that are the impediments to any kind of new drilling. The blame can be also laid on the doorstep of the eco-terrorists that have done everything to stop all forms of domestic energy production. These idiots want to see the United States go back to the days of the horse and buggy.

Fred:

The rise in oil prices, according to even left-of-center economists, is caused by an increase in global demand, not the war in Iraq.

With gas priced so high, it is normal to look for other sources of oil. This is to gain popularity with the public, not their anonymous and mysterious "Pals". The oil industry, in fact, makes tremendous profits from the high price of oil. Increasing supply effectively lowers prices and reduces their profits.

The effect of more US drilling on gas prices will be a while coming, and will not be huge. But it should help. How can we ask the Saudis to drill and pump more if we refuse to do it ourselves? Is polluting Saudi Arabia really better for the ecosphere?

Anything we can do to reduce the amount of money we send to Iran will save human lives. It's a moral imperative.

Allen:

From 2000 to 2006, the GOP had complete control of our govt. No reason has been given why they didn't start more drilling, building more refineries,etc,and now some people are blaming the Demo's for it.

With no oversight committees in those 6 years doing their job, no wonder this country is in a mess. Some even blame the Senator from NY for Indy Mac's failure. What a friggin joke.

The first minor recession in 2000 was blamed on Clinton. Now their trying to blame the do nothing Congress, controlled by (slim)margin of Demo's.

This shows that the GOP BS slogan of "trickle down economics" doesn't work, never has and never will. Enjoy the $4.00+ gas per gallon, no wage increases, loss of jobs, etc.

No matter who wins the White House, that person has some serious problems to solve, and that person will need the help of Congress.

DaveD:

OK, I'll play along and agree that Bush is in the pocket of Big Oil - just to keep the peace. The Democrats are in the pocket of the Sierra Club and other environmental interests. But I am also going to look out for my own interests here. Right now, somewhere, some company is pumping oil out of the ground and miraculously making a profit doing it. We need the oil here and will so in the forseeable future, so let's go after what we have. The futures market can then determine how important that anticipated new supply is to the economy. If a large private US-based corporation makes a profit extracting oil, fine by me. I'll just add their stock to my investment portfolio and ride along. My Sierra Club investment has been doing poorly anyway so I am looking for something to increase the return on my investment.

Lee Ward[TypeKey Profile Page]:

I know this is going to sound like democratic talking points, but the nice thing about the truth is that it usually doesn't change overnight based on political whim.

The oil companies are sitting on drilling leases that encompass 68 million acres of US property that they have not yet drilled.

There is no reason to open up ANWR - there's is plenty of places to begin drilling today if they really wanted to... and there is no guarantee that oil found in ANWR will stay in the U.S.

But they don't want to. They want to enjoy record profits while they apply pressure at the pump for Americans to roll over, pull down their pants, and let the oil companies do it one more time and secure the rights to drill in new areas.

And the damn President of the United States is helping them.

"We need the oil here and will so in the foreseeable future, so let's go after what we have."

Feel free to tell the President to force the oil companies to drill right now - starting tomorrow - on "what we have" available right now - force them to drill or give up the lease and allow someone else to drill it instead.

The fact that they are not drilling on the 68 million acres they now have the rights to drill tells you exactly what kind of attempted land grab is underway right now.... aided by the Republican oil industry handlickers in the White House and Congress.

Bush is an oil man and he's doing their bidding. That won't change until next January, but we need to be firm and resist opening up new drilling areas in the interim.

We've been screwed by Bush and the oil companies for long enough.

DaveD:

Actually, Lee you have an interesting point which I myself would like to know more about. I just don't know where to look for an authoritative answer (or maybe I'm just lazy). I am interested in your statement implying the open ended nature of these leases. Is that true? When a lease is "signed" does anyone know what obligation a corporation has to exploring, developing that area in a timely matter? Do I assume correctly that some of these leases are signed with the lessee not really knowing what the true reserves are on that piece of land? Certainly, there is some cost incurred with exploring the area subsequent to acquiring the lease. Also, there may be some areas that are more easily (from a financial situation) explored and oil more easily extracted than others. That being the case I can understand why maybe off shore drilling is of greater financial interest than pursuing oil in shale formations in remote areas. I just don't know enough about the geology and financial resources needed to explore and extract oil in various geographic areas.

Lee Ward[TypeKey Profile Page]:

Good questions -- I strongly suspect that offshore drilling is a lot more expensive than drilling on land. The cost of the ocean-based drilling platform must be enormous.

And I didn't mean t imply that the leases are open-ended. I don't believe that's the case.

I found this data from an article published in 2004, before the issue became so politicized. Back then Cheney had already been pushing hard for opening up more land even while the land leases that were in place weren't being used. he's the oil industry's number 1 shill, and that's another reason he helped marched us into Iraq.

$3 an acre annual rent "The aggressive leasing of public land pushed by the Bush administration is a land grab, pure and simple, giving industry more and more control over public land while costing taxpayers millions of dollars," said Peter Morton, a resource economist with the Wilderness Society.

Morton said the leases, which companies can lock up for 10 years with annual rents of only $2 to $3 an acre, are an economic boon to some companies because they count as assets that can make debt refinancing easier while also attracting potential investors.

Here's an interesting graphic. Click on a state to find the amount of unused oil leases.
http://wid.ap.org/oilgas/oilgas.html


Denise:

http://online.wsj.com/article/SB121391719487790187.html

The 'Idle' Oil Field Fallacy
By RED CAVANEY
June 20, 2008; Page A13

A bill introduced in Congress this week would "compel" oil and natural gas companies to produce from federal lands they are leasing. If only it were that easy to find and produce oil. Imagine, an act of Congress that could do what geology could not.

These lawmakers ask why oil and gas companies want more access to federal lands to drill if they aren't using all of the 68 million acres they already have? Anyone with even the most basic understanding of how oil and natural gas are produced - and this should include many members of Congress - knows that claims of "idle" leases are a diversionary feint.

much more at link

Lee Ward[TypeKey Profile Page]:

CAUTION - Republican handlickers at work!

Denise links to a Wall Street Journal Opinion Piece which was written by Red Cavaney.

And who is Red Cavaney?

Mr. Cavaney is president and CEO of the American Petroleum Institute, the trade association that represents America's oil and natural gas industry.

With this much money at stake, the oil industry will say and do anything to open up ANWR.

The oil industry has set out to grab land, and they are screwing everyday Americans at the pump, while folks like Denise pump oil industry shills like Red Cavaney.

Never again. Bush and his pals are playing you for a pasty. Don't fall for it.

DaveD:

Lee,
Thanks for the information. Interesting stuff.

Denise:

And you and Larkin are two former trolls who Wizbang was kind enough to give a place to share your opinions.

Maybe when you have as many readers as The Wall Street Journal or a decent job, I might believe something you write. All you are stating are your opinions, I doubt you have ever spent a minute on an oil lease. My Dad worked in the industry for 40 years.

There is some excellent information in the WSJ article, shame you're too pompous to read it and learn something.

Ted:

About those "inactive" oil leases ...

http://www.qando.net/details.aspx?entry=8746

Lee Ward[TypeKey Profile Page]:

"Maybe when you have as many readers as The Wall Street Journal or a decent job, I might believe something you write. "

Maybe when hell freezes over I'll care if a little spam monkey like you believes what I write...

...until then I'm happy revealing the extent to which oil company interests are exposed as the slime they are. Driving decent Americans into the poor house with their lies and deceit -- all for political gain and a hands-over-fist land grab --all the while trying to lock in more profits -- the BILLIONS they are making now just ain't enough - got to have more.

Spam our comment threads with your oil company shilling, Denise. I'm ready for you.

Denise:

Mr. Ward, you are almost amusingly naive.

I have been around politics for over 40 years and am amazed that someone as ill informed as you are is allowed to have his little blog.

I am not a "spam monkey" (was that a racist remark?) whatever that may be. I am a research librarian; what would you like to know?

Lee Ward[TypeKey Profile Page]:

I'd like to know why you bother posting comments on a blog you obviously dislike, but can't seem to stop reading - lol!

Looks' "spam monkey'ish" to me...


Advertisments

Categories

Archives

Technorati



Add to Technorati Favorites

Credits

Publisher: Kevin Aylward

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

All original content copyright © 2007 by Wizbang®, LLC. All rights reserved. Wizbang® is a registered service mark. Wizbang Blue™ is a trademark of Wizbang®, LLC.

Powered by Movable Type 3.35

Hosting by ServInt

Ratings on this site are powered by the Ajax Ratings Pro plugin for Movable Type.

Search on this site is powered by the FastSearch plugin for Movable Type.

Blogrolls on this site are powered by the MT-Blogroll.

Temporary site design is based on Cutline and Cutline for MT. Graphics by Apothegm Designs.