TPN—Judson Phillips: Big Oil and Big America versus Obama.
Does anyone else get tired of the constant bovine scatology that is Barack Obama speeches? If Obama opens his mouth, you know a couple of things. First he is lying and second what ever he is supporting hurts America. What has he done now?
CONTINUED: http://www.teapartynation.com/forum/topics/big-oil-and-big-america-versus-obama?commentId=3355873%3AComment%3A1956720
TPN—Alan Caruba: How (and Why) Obama has Impeded Recovery--During and after his 2008 campaign, Barack Obama was hailed as the second coming of Franklin D. Roosevelt. History records that Roosevelt presided over the Great Depression, begun in the previous administration of Herbert Hoover who got most of the blame. Roosevelt’s policies extended it well beyond the normal recovery from a recession. In his book, “Dupes”, historian Paul Kengor, wrote “Roosevelt won in a landslide in November 1932. To liberals and traditional Democrats everywhere, he was more than just a new face at 1600 Pennsylvania Avenue. He was a kind of political savior at the most desperate time in their lives.” Roosevelt was immediately assailed by the Communist Party USA as he launched his New Deal stew of programs intended to reverse the effects of the economic crisis. As Kengor notes, “No president had ever moved so far to the left, and so quickly, but it was not enough for the comrades.” They portrayed Roosevelt “as a warmonger bent on wreaking havoc on the poor USSR (Soviet Russia)” because they feared the U.S. might go to war against it.
CONTINUED: http://www.teapartynation.com/profiles/blog/show?id=3355873%3ABlogPost%3A1955907&xgs=1&xg_source=msg_share_post
Showing posts with label big oil. Show all posts
Showing posts with label big oil. Show all posts
Sunday, April 8, 2012
Tuesday, March 20, 2012
Gas pricing: The reality
As we suffer from much higher gas prices at the pump, many unfounded rumors swirl around as to how the price of auto gas at the pump is established. Basically, it is simply the Law of Supply and Demand.
Crude oil, irrespective of where it comes from, is a global commodity and, as such, is traded across the global commodity market -- just like wheat, corn, or cattle futures. The global market price for crude oil is based on the amount of crude oil that is up out of the ground and in transit by sea, by 18-wheelers, in the pipelines, in storage tanks, and at the oil refineries.
Based on fairly accurate knowledge of how much crude oil is up out of the ground, the world price for crude oil is established. When the supply goes down, the price goes up. When the supply increases, the price goes down.
The radical environmentalists spread the rumor that the U.S. exports oil to other countries and, therefore, does not need to increase its domestic oil production. Actually, the U.S. is a net importer of crude oil. In short: we import far more crude oil than we are producing.
Nevertheless, we do export a small amount of “refined” oil products to other countries. Here’s why: Our oil refineries are designed to produce far more unleaded gasoline than diesel fuel. So, the reason diesel fuel is so much higher in price now than auto gas is because the supply of diesel fuel is so limited compared to the supply of unleaded auto gas. Higher diesel-fuel prices translate to higher prices for food and for all consumer goods.
While we do export a small amount of auto gas and other refined-oil products to Mexico and Canada, we do so in exchange for more diesel fuel for our trucking fleets and for other consumers of diesel fuel.
Due to the radical environmentalists, we have not built a new oil refinery in this country in 40 years. If the Obama Administration would allow them, new refineries would be designed to produce as much diesel fuel as auto gas. Unfortunately, to reconfigure our current refineries would be prohibitively expensive.
As for our abundant coal reserves, in 2008, Candidate Obama told ABC News that he plans to tax our coal-powered plants into bankruptcy and use the taxes collected to develop alternative energy sources.
Another rumor: Big Oil gets big tax breaks. According to the Congressional Budget Office, the tax preferences for all fossil-fuels amount to $2.5 billion per year, enough to run the U.S. government for about six hours. Renewable energy gets 68-percent of the tax breaks, fossil-fuels 15-percent, and nuclear energy four-percent. Twelve percent goes to energy efficiency incentives like Mr. Obama’s favorite $50.00 light bulbs, Solyndra solar that gave $370,000 in bonuses to 20 executives and went bankrupt, and the $250,000 per car subsidies for the failed Chevy Volt.
CONTINUED:
http://www.central-view.com/past.asp?number=1614
Crude oil, irrespective of where it comes from, is a global commodity and, as such, is traded across the global commodity market -- just like wheat, corn, or cattle futures. The global market price for crude oil is based on the amount of crude oil that is up out of the ground and in transit by sea, by 18-wheelers, in the pipelines, in storage tanks, and at the oil refineries.
Based on fairly accurate knowledge of how much crude oil is up out of the ground, the world price for crude oil is established. When the supply goes down, the price goes up. When the supply increases, the price goes down.
The radical environmentalists spread the rumor that the U.S. exports oil to other countries and, therefore, does not need to increase its domestic oil production. Actually, the U.S. is a net importer of crude oil. In short: we import far more crude oil than we are producing.
Nevertheless, we do export a small amount of “refined” oil products to other countries. Here’s why: Our oil refineries are designed to produce far more unleaded gasoline than diesel fuel. So, the reason diesel fuel is so much higher in price now than auto gas is because the supply of diesel fuel is so limited compared to the supply of unleaded auto gas. Higher diesel-fuel prices translate to higher prices for food and for all consumer goods.
While we do export a small amount of auto gas and other refined-oil products to Mexico and Canada, we do so in exchange for more diesel fuel for our trucking fleets and for other consumers of diesel fuel.
Due to the radical environmentalists, we have not built a new oil refinery in this country in 40 years. If the Obama Administration would allow them, new refineries would be designed to produce as much diesel fuel as auto gas. Unfortunately, to reconfigure our current refineries would be prohibitively expensive.
As for our abundant coal reserves, in 2008, Candidate Obama told ABC News that he plans to tax our coal-powered plants into bankruptcy and use the taxes collected to develop alternative energy sources.
Another rumor: Big Oil gets big tax breaks. According to the Congressional Budget Office, the tax preferences for all fossil-fuels amount to $2.5 billion per year, enough to run the U.S. government for about six hours. Renewable energy gets 68-percent of the tax breaks, fossil-fuels 15-percent, and nuclear energy four-percent. Twelve percent goes to energy efficiency incentives like Mr. Obama’s favorite $50.00 light bulbs, Solyndra solar that gave $370,000 in bonuses to 20 executives and went bankrupt, and the $250,000 per car subsidies for the failed Chevy Volt.
CONTINUED:
http://www.central-view.com/past.asp?number=1614
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