MBVD: It’s All About Gas Prices

Monday, May 26, 2008

It’s All About Gas Prices

Cross-posted from

Sticky note to McCain and Obama . . .

Unless the dollar rises quickly and gas prices come way down, the primary issue that will determine the presidential election in November WILL be the Economy/OIL Prices!!! And the solution won’t be more taxes. The candidate with the best economic recovery plan will get America’s votes. That is if most of us can still afford to drive to the polls on Election Day.

This past week the house passed the “feel good-do nothing but harm” NOPEC bill:

This from WSJ:

House Judiciary Committee Chairman John Conyers of Michigan, who introduced the No Oil Producing and Exporting Cartels (NOPEC) Act, argued that cartels like OPEC are partly to blame for today’s high gasoline prices. The bill sailed through 345-to-72a day after the Energy Department said the average pump price of regular gasoline was a record $3.218 a gallon. The bill would change certain laws, like the Sherman Act and Foreign Sovereign Immunities Act, to block OPEC countries like Iran, Kuwait, Saudi Arabia and Venezuela from invoking immunity from U.S. court action relating to concerns about oil production.

I have a question. Why should it be illegal for OPEC nations “to limit the distribution and production of oil, natural gas, or any other petroleum product,” while Congress continues to severely limit "the production of oil, natural gas, or any other petroleum product” in the US???

Must read reaction to NOPEC.

Mark Steyn: Your car can't run on Congress' hot air

Here’s an excerpt:

. . .the Big Oil guy oozed as oleaginous as his product before the grand panjandrums of the House Subcommittee on Televised Posturing, and then they went off and passed 324-82 the so-called NOPEC bill. The NOPEC bill is, in effect, a suit against OPEC, which, if I recall correctly, stands for the Oil Price-Exploiting Club. "No War For Oil!," as the bumper stickers say. But a massive suit for oil – now that's the American way.

"It shall be illegal and a violation of this Act," declared the House of Representatives, "to limit the production or distribution of oil, natural gas, or any other petroleum product ... or to otherwise take any action in restraint of trade for oil, natural gas or any petroleum product when such action, combination, or collective action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price or distribution of oil, natural gas or other petroleum product in the United States."

. . . So we complain about $4-a-gallon gas, and our leaders respond with showboating legislation like NOPEC and feel-good environmental regulatory overkill like putting the polar bear on the endangered-species list, while ensuring that we'll continue to bankroll every radical mosque and madrassah on the planet. In Britain, new "green taxes" do nothing to "save" the planet, but they are estimated to cost the average family about $6,000 a year. That's change you can believe in.

For a differing opinion see The Old Right Daily

But the real reason behind our troubles with Oil, is the DOLLAR’S DECLINE. (Yes, Ron Paul is right when talking about the Gold Standard). This is because, Oil is priced in dollars.

Oil is priced in dollars. So just to maintain the status quo, oil exporting countries must charge more for their oil to offset the lost revenues caused by the dollar’s decline. Indeed, of all the markets that rise when the dollar falls, oil and energy are the largest and potentially most powerful.

So, who really should our beloved Justice Department go after? The Federal Reserve. But this is an election year, and the idiots over on Capital Hill want to show you, how tough they are on those evil people who own OPEC. When in fact they should be looking at their own stupidity.

H/T to American Solutions for attempting a Tri-partisan approach.

73% of the American people agree that with appropriate safeguards to protect the environment, we should drill for oil off America's coasts to reduce our dependence on foreign oil.

As gas prices continue to increase, Congress continues to blame others while ignoring practical steps to stop the pain Americans are feeling at the pump. To reduce our dependence on foreign oil, we need real solutions to our energy challenges.

Watch Newt Gingrich explain our new Drill Here. Drill Now. Pay Less. campaign:

Memorial Weekend Travel Down Again

AAA reports that for the second year in a row, the number of people traveling will not exceed that of a typical weekend.

The agency blames the reduction in driving on another year of record high gas prices.

Chicago pays more because of high gas taxes!!!

Tired of seeing the price at the pump jump every time you need to buy gasoline? Well, the record-high price of gasoline in the Chicago area is linked to a record-high rate of taxation: nearly 20 percent of the Chicago price.

H/T to KICKIN’ AND SCREAMIN’ This article was just too good, so I had to cross-post it here!

We all know it is true. If Democrats had allowed us to build more refineries and drilled for more oil, we’d not be beholden to OPEC as we are today. I’ll be among the first to also say that there’s no guarantee prices would be lower as oil prices are, for the most part, set by futures traders since higher output and low prices drive up demand and oil companies, being international traders, sell to the highest bidder. For all we know, we can add another 3 million barrels per day to our output but countries like China would suck it up, demand goes up, prices go up, OPEC slashes production to maintain prices, etc. etc.

But that’s not really the point.

The point is this: Chuck Schumer, Democrat and asshole extraordinaire, recently said this when grilling oil company executives:

“If Saudi Arabia were to increase its production by 1 million barrels per day that translates to a reduction of 20 percent to 25 percent in the world price of crude oil, and crude oil prices could fall by more than $25 dollar per barrel from its current level of $126 per barrel. In turn, that would lower the price of gasoline between 13 percent and 17 percent, or by more than 62 cents off the expected summer regular-grade price - offering much needed relief to struggling families. “

Too bad none of the execs had access to Lexis-Nexis to dig up this by Schumer just a month earlier:

the Administration was “strangling” any attempts to make serious investments at alternative energy over the last seven years and that drilling in the Arctic Wildlife Refuge would “take ten years and reduce the price of oil by a penny.”

In conclusion, in case you liberals out there need help connecting the dots:

Schumer’s daily magic number of 1 million barrels is the exact increase experts believe we would today be pumping through the Alyeska pipeline had Bill Clinton not vetoed ANWR drilling back in 1995. And even the most rabid anti-domestic-drilling Democrats don’t take issue with that figure.

So then, the increase he demands of “Bush’s friends,” the Saudis - which he claims would reduce prices by up to 25 percent — is the exact amount he argued earlier this month would only “reduce the price of oil by a penny” were it coming from ANWR - eco-sacred breeding ground of the Porcupine Caribou.

It doesn’t take a Ph.D in economics to know that both figures can’t be right.

Nor one in Poli-Sci to know why they’re so starkly different nonetheless.

Digg IT!!!

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SOLDIER"S ANGELS NEEDS YOUR HELP!

The Veterans Hospital in Tucson needs our help!!! They have contacted Soldiers' Angels with a list of needs for their patients. Soldiers Angels needs your help in making some of these come true.

Below you will find just a small portion of needs that are immediate. You can also find this list posted on the Soldiers Angels Forum at www.soldiersangelsforum.com you will be able to find lots of great information there for our deployed and vets.

If you are sending a monetary donation please follow the link and indicate the State you are in.

Donate here;
Ttp://soldiersangels.org/index.php?page=veterans-support

COMFORT ITEMS- $350/MO
Dry Skin Cream
Slipper Socks-No skid
Catheter bag covers
Shaving Cream
Hand Lotion
Baby Shampoo
Hand Soap
Roll on/Spray Deodorant
Denture Cleaner
Underwear (men and women (all sizes)
Toothbrushes
Denture Grip
Socks (white)
Talcum Powder
Nail Clippers
Toothpaste
Ladies hand and body lotion
Backpacks
Disposable Razors
Comb/Brushes
Shawls
Shaving Cream/small
Knitted Caps
Travel Alarm Clocks
Ball Caps
Tote Bags
Shower Shoes
Pocket Size Needle and Thread Kit
Heart pillows for cardiac patients
Lap Robes (3x5 or 5x7)

GUEST SERVICES
30 cup coffee makers
Coffee supplies (reg. & decaf)
Music CDs
Stamps
Writing Paper and Envelopes
Prepaid Phone Cards for patients’

RECREATION
Puzzle books
Crossword Puzzles
Pencils
Video tapes & DVDs (movies, educational)
DVD Player

Sports equipment (basketball, tennis rackets &
Tickets for entertainment & sporting events
Balls, badminton set, Frisbees, football)

If you can send just one item that would be great!!! If each person sends one thing we will make a difference! They are also needing those who can volunteer time at the hospital just contact the Voluntary Services Dept. For information.

Mail Items to:

Department of Veterans Affairs Southern Arizona VA Health Care System – Voluntary Services 9-135, 3601 S. Sixth Avenue, Tucson, AZ 85723

PLEASE HELP US HELP THOSE WHO FOUGHT FOR OUR FREEDOM!

My Favorite Speeches and Other Items of Interest

George Bush's March 28, 2007 Discusses Economy, War on Terror During Remarks to the National Cattlemen's Beef Association;http://www.whitehouse.gov/news/releases/2007/03/20070328-2.html
Mitch McConnell's March 15, 2007 Funding For Troops, Not Timelines for Retreat; http://mcconnell.senate.gov/record.cfm?id=270747&start=1
Ronald Reagan's June 12, 1987 Tear Down This Wall Speech; http://www.reaganfoundation.org/reagan/speeches/wall.asp
Vice President Cheney's March 12, 2007 Remarks at the AIPAC 2007 Policy Conference; http://www.whitehouse.gov/news/releases/2007/03/20070312.html

Winston Churchill Quotes

A prisoner of war is a man who tries to kill you and fails, and then asks you not to kill him.
Although personally I am quite content with existing explosives, I feel we must not stand in the path of improvement.
Although prepared for martyrdom, I preferred that it be postponed.
Attitude is a little thing that makes a big difference.
Battles are won by slaughter and maneuver. The greater the general, the more he contributes in maneuver, the less he demands in slaughter.
Danger - if you meet it promptly and without flinching - you will reduce the danger by half. Never run away from anything. Never!
I always seem to get inspiration and renewed vitality by contact with this great novel land of yours which sticks up out of the Atlantic.
I am an optimist. It does not seem too much use being anything else.
I have nothing to offer but blood, toil, tears and sweat.
I like a man who grins when he fights.
I was only the servant of my country and had I, at any moment, failed to express her unflinching resolve to fight and conquer, I should at once have been rightly cast aside.
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time-a tremendous whack.
In war as in life, it is often necessary when some cherished scheme has failed, to take up the best alternative open, and if so, it is folly not to work for it with all your might.
It is no use saying, 'We are doing our best.' You have got to succeed in doing what is necessary.
Moral of the Work. In war: resolution. In defeat: defiance. In victory: magnanimity. In peace: goodwill.
Never in the field of human conflict was so much owed by so many to so few.
Never, never, never give up.
No folly is more costly than the folly of intolerant idealism.
One ought never to turn one's back on a threatened danger and try to run away from it. If you do that, you will double the danger. But if you meet it promptly and without flinching, you will reduce the danger by half. Never run away from anything. Never!
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
Success is not final, failure is not fatal: it is the courage to continue that counts.
The first quality that is needed is audacity.
The nose of the bulldog has been slanted backwards so that he can breathe without letting go.
The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is.
There is no such thing as public opinion. There is only published opinion.
These are not dark days: these are great days - the greatest days our country has ever lived.
They are decided only to be undecided, resolved to be irresolute, adamant for drift, solid for fluidity, all-powerful to be impotent.
True genius resides in the capacity for evaluation of uncertain, hazardous, and conflicting information.
Victory at all costs, victory in spite of all terror, victory however long and hard the road may be; for without victory, there is no survival.
War is a game that is played with a smile. If you can't smile, grin. If you can't grin, keep out of the way till you can.
War is mainly a catalogue of blunders.
We shall defend our island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.
We shall draw from the heart of suffering itself the means of inspiration and survival.
When the eagles are silent the parrots begin to jabber.
When you are winning a war almost everything that happens can be claimed to be right and wise.
You have enemies? Good. That means you've stood up for something, sometime in your life.

Ronald Reagan Quotes

"The trouble with our liberal friends is not that they're ignorant: It's just that they know so much that isn't so."
Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women. It is a weapon our adversaries in today's world do not have.
All the waste in a year from a nuclear power plant can be stored under a desk.
Approximately 80% of our air pollution stems from hydrocarbons released by vegetation, so let's not go overboard in setting and enforcing tough emission standards from man-made sources
Come here to this gate! Mr. Gorbachev, open this gate! Mr. Gorbachev, tear down this wall!
Concentrated power has always been the enemy of liberty.
Double, no triple, our troubles and we'd still be better off than any other people on earth. It is time that we recognized that ours was, in truth, a noble cause.
Facts are stupid things.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.
Governments tend not to solve problems, only to rearrange them.
History teaches that war begins when governments believe the price of aggression is cheap.
How can a president not be an actor?
How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.
I have wondered at times what the Ten Commandments would have looked like if Moses had run them through the US Congress.
I will stand on, and continue to use, the figures I have used, because I believe they are correct. Now, I'm not going to deny that you don't now and then slip up on something; no one bats a thousand.
In Israel, free men and women are every day demonstrating the power of courage and faith. Back in 1948 when Israel was founded, pundits claimed the new country could never survive. Today, no one questions that. Israel is a land of stability and democracy in a region of tryanny and unrest.
Let us ask ourselves; "What kind of people do we think we are?".
Man is not free unless government is limited.
My philosophy of life is that if we make up our mind what we are going to make of our lives, then work hard toward that goal, we never lose - somehow we win out.
No mother would ever willingly sacrifice her sons for territorial gain, for economic advantage, for ideology.
Of the four wars in my lifetime, none came about because the U.S. was too strong.
Our forbearance should never be misunderstood. Our reluctance for conflict should not be misjudged as a failure of will. When action is required to preserve our national security, we will act.
Protecting the rights of even the least individual among us is basically the only excuse the government has for even existing.
Some people wonder all their lives if they've made a difference. The Marines don't have that problem.
The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas - a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated.
The United Sates has much to offer the third world war.
There are no easy answers' but there are simple answers. We must have the courage to do what we know is morally right.
To paraphrase Winston Churchill, I did not take the oath I have just taken with the intention of presiding over the dissolution of the world's strongest economy.
Today we did what we had to do. They counted on America to be passive. They counted wrong.
We are never defeated unless we give up on God.
We have the duty to protect the life of an unborn child.
We must reject the idea that every time a law's broken, society is guilty rather than the lawbreaker. It is time to restore the American precept that each individual is accountable for his actions.
We will always remember. We will always be proud. We will always be prepared, so we will always be free.
Within the covers of the Bible are the answers for all the problems men face.
You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed.