Would Some Democrats Answer This, Please!!!!
From The American Thinker & the "I Can Say It & No One Will Notice" department:"How much have the Democrats cost you at the pump?
Marc Sheppard
Senator Chuck Schumer claims that coercing Saudi Arabia to increase oil production by 1 million barrels a day would drop the per barrel price by $25, saving Americans 62 cent per gallon at the gas pump. Yet, somehow, that same amount of oil coming from Alaska's Arctic National Wildlife Refuge would only ease oil prices by a penny.
In a Senate floor speech he gave on May 13th, the New York Democrat insisted that:
"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. "
Schumer repeated these words almost verbatim when grilling oil company executives during yesterday's Senate Judiciary Committee hearings.
Yet 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."
Guess the old cliche about "hurting wildlife" will be dragged out, even though past history of the Trans-Alaska Pipeline, and others disprove the argument.
Democrats.....always negative....except on plans to tax your ass off! They are VERY positive about that. They honestly propose that hiking YOUR taxes will help the oil situation. Oh, you say they are going to tax the oil companies...not you????? You must be government-educated. Where-o-where do you suppose the oil companies will get the money to pay those taxes? From some secret hidey-hole? & IF they do take the new taxes from profits then oil research comes to a halt and new fields/processes suffer. YOU LOSE!
HINT! - New taxes are not the solution.....NEW sources/sources known, but denied, are the answers....along with a healthy program of research to find alternatives! It is NOT voodoo magic folks! It IS supply and demand. You cannot legislate supply and demand....history has proven it.
Duke
posted by Duke of DeLand @ 5/27/2008 08:17:00 AM
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