...but We Can Tax Our Way Out???
June 18, 2008Democrats just don't get it, you CAN'T TAX YOUR WAY OUT OF THIS ENERGY CRISIS.
Reid: Bush And McCain Still Don't Get It - We Cannot Drill Our Way Out Of This Energy Crisis
Washington, DC—Senate Majority Leader Harry Reid made the following statement today in response to President Bush’s proposal to drill offshore for oil:
“This week’s flip-flop on offshore oil drilling by President Bush and Senator John McCain is nothing more than a cynical campaign ploy that will do nothing to lower energy prices and represents another big giveaway to oil companies already making billions in profits.
“The facts are clear: Oil companies have already had ample opportunity to increase supply, but they have sat on their hands. They aren’t even using more than half of the public lands they already have leased for drilling. And despite the huge tax breaks President Bush and Republican Congresses have given oil and gas companies to invest in refineries, domestic production has actually dropped.
“Despite what President Bush, John McCain and their friends in the oil industry claim, we cannot drill our way out of this problem. The math is simple: America has just three percent of the world’s oil reserves, but Americans use a quarter of its oil. And the Energy Information Administration says that even if we do open the coasts to oil drilling, prices wouldn’t drop until 2030.
“President Bush and John McCain are not serious about addressing gas prices. If they were, they would stop offering the same old ideas meant to pad the pockets of Big Oil and work with Democrats to reduce our dependence on oil, invest in the renewable energy sources, crack down on excessive speculation and stand up to countries colluding to shake down American consumers.
“Bush-McCain Republicans just don’t get it. Their commitment to the failed policies of yesterday is why we have energy, economic and national security crises today. They want to feed our addiction to oil; Democrats want to end it.”
Democrats know this, they simply want the American people to pay high prices for gasoline. Al Gore is on record as suggesting radically higher gasoline prices as a means of forcing the American people to reduce their "carbon footprints."
The truth is that if Congress would act, senators, our nation could be completely energy independent within 10 years.
FACT: Estimated oil reserves in the United States contained in the oil shale formations in Colorado and Wyoming are about 3 1/2 Trillion (yes that's TRILLION) barrels. That's roughly 10 times the known oil reserves in all of Saudi Arabia.
The technology to extract that oil exists, is environmentally friendly, and is financially viable at less than half the current price for oil.
So why don't we exploit those resources? Democrats don't want to. That's it in a nutshell. Democrats want super high gasoline prices so that they can gain a political advantage...at the expense of voters.
They don't care about your needs, my needs, or about the national security implications of an energy independent America...they only want to win in November.
Should Obama win in November, you will see Democrats falling all over themselves to increase domestic exploration. The clamor from the citizens for lower prices will spark a panic in these Democrat weasels.
I predict that they will be completely deaf to all complaints by the Greens, the Global warming alarmists and the enviro-mental-ists as they expand domestic drilling...that is if they can prevent our nations destruction by the enemies they think they can negotiate with sans pre-conditions.
That naivete is also the reason that I predict that Iran will succeed in their efforts to become a fully operational nuclear weaponed nation shoulc Obama be elected.
Long Live Our American Republic!!!









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