What? All I was saying is that drilling our own oil as well as many other things will only get us so far and are only temporary fixes. Oil production peaked in the United States in the 70's and global reserves are next. Reducing oil prices temporarily trough offshore drilling works for a political candidate that will only be in office for 2 or 4 years, but in 10 to 20 years there won't be anything anybody can do about oil prices. I'm just stating an undeniable eventuality
I'm being sarcastic, I know your "Math" doesn't exist. If it did, you would have presented it a long time ago. Also, there is no math supporting your claim. It goes against basic principles of business.
how could so many people be fooled by such empty promises? she gave no backing to her claims of common sense solutions. What solutions, the price has nearly doubled
IDOITS! This is a republican sales campaign. Democrats have a plan to lower energy prices today and tomorrow but the U.S. Senate Republicans are filibustering the plan. Drilling offshore and in the Artic Refuge only benefits big oil and won't lower prices but MAYBE pennies in 10 years, that's from Bush's numbers. There are dozens of ways to lower prices more than that but Republicans won't allowed a vote in congress. Just watch C-Span sometime and you will see what really goes on in congress.
the futures market has inflated oil prices by 50%. If people who own oil futures think the price is going down, they will sell, driving down prices. The day after president Bush lifted the executive moretorium on drilling, oil dropped $10 per barrel. Oil and nuclear are the only two technologies that produce more energy than they consume. Wake up, tool.
The futures market has been minuplated like in the days of Enron, thats according many experts. Oil price based on supply and demand should be around $55 per barrel. And just to let you know, renewable energy like solar and wind will be 25% of the nations power source in less than 20 years and be at 40% or higher in 30 years, which will be more than oil. Combine that with geothermal, bio-fuel and nuclear, and a few odd other renewable sources, we won't need coal or oil. The futures here already.
WASHINGTON - Senate Republicans on Tuesday, June 10, 2008 blocked a proposal that would have taxed windfall profits of the largest oil companies and allowed the government to take OPEC members to court, handing Democrats fresh ammunition in an election year in which voters are struggling with surging gasoline prices.
The Democratic energy package would have imposed a 25% tax on any "unreasonable" profits of the five largest U.S. oil companies, which together made $36 billion during the first three months of the year. It also would have given the federal government more power to address oil market speculation that the bill's supporters argue has added to the crude oil price surge.
Republicans, however, have said the bill would do nothing to ease soaring gasoline prices in the United States.
The Democrats failed, 51-43, to get the 60 votes needed to overcome a Republican filibuster — a procedural tactic to delay debate on a bill — and bring the energy package up for consideration.
The defeat affords Democrats another opportunity, going into the November congressional and presidential elections, to try to cast Republicans as siding with the oil companies at a time of record gasoline prices.
"Americans are furious about what's going on," declared Democratic Sen. Byron Dorgan. He said they want Congress to do something about oil company profits and the "orgy of speculation" on oil markets.
But Republican leaders said the Democrats' plan would do harm rather than good -
and they kept the legislation from being brought up for debate and amendments.
On world markets, oil prices retreated a bit Tuesday but remained above $131 a barrel.
At the Capitol, Democratic leaders needed 60 votes and they got only 51 senators' support, including seven Republicans who bucked their party leaders.
"We are hurting as a country. We're hurting individually as Americans ... and the other side says, 'Do nothing. Don't even debate the issue,"' complained Democratic Sen. Charles Schumer.
"Average citizens are scratching their heads and saying, what's wrong with Washington," said Schumer.
Republican opponents argued that little was to be gained by imposing new taxes on the five U.S. oil giants: ExxonMobil Corp., Chevron Corp., Shell Oil Co., BP America Inc. and ConocoPhilips Co.
While these companies may be huge, they do not set world oil prices and raising their taxes would discourage domestic oil production, the Republicans said of the Democrats' plan.
"In the middle of what some are calling the biggest energy shock in a generation ... they proposed as a solution, of all things, a windfall profits tax," Republican leader Mitch McConnell of Kentucky chided the Democrats.
He called their proposal "a gimmick" that would not lower gasoline prices and only hold back domestic oil production.
"The American people are clamoring for relief at the pump," agreed Republican Sen. Pete Domenici, but "they will get exactly what they don't want" under the Democrats' plan — higher prices and an increase in oil imports.
The bill's supporters argued that their proposal was different from the windfall profits taxes of the early 1980s that thwarted domestic production and led to a rise in imports. The oil companies could avoid the tax by using their "windfall" to push alternative energy programs or refinery expansions, they said.
Shortly after the oil tax vote, Republicans blocked a second proposal that would extend tax breaks that have either expired or are scheduled to end this year for wind, solar and other alternative energy development, and for the promotion of energy efficiency and conservation. Again Democrats could not get the 60 votes to overcome a Republican filibuster.
Neither Republican presidential candidate John McCain nor his Democratic rival, Barack Obama, were in Washington to cast votes on the energy issue on Tuesday.
Obama, in a statement, said Republicans had "turned a blind eye to the plight of America's working families" by refusing to take up the energy legislation. Obama has supported additional taxes on the oil companies. McCain is opposed to such taxes and has proposed across-the-aboard tax reductions for industry as a way to help the economy.
Election-year politics hung over the debate. Democrats know their energy package has no chance of becoming law. Even it were to overcome a Senate Republican filibuster — a longshot at best — and the House acted, President George W. Bush has made clear he would veto it.
The oil companies have been frequent targets of Congress. Twice this year, top executives of the largest U.S. oil producers have been brought before congressional committees to explain their huge profits. And each time the executives urged lawmakers to resist punitive tax measures, blaming high costs on global supply and demand.
In addition to the proposed windfall profits tax, the Democrats' bill also would have rescinded tax breaks that are expected to save the oil companies $17 billion over the next 10 years. The money would have been used to provide tax incentives for producers of wind, solar and other alternative energy sources as well as for energy conservation.
In an attempt to dampen oil market speculation, the legislation would require traders to put up more collateral in the energy futures markets and would provide authority to regulate U.S.-based trading in foreign markets. And it would make oil and gas price gouging a federal crime, with stiff penalties of up to $5 million during a presidentially declared energy emergency.
After Tuesday's defeat, Democrats did not rule out pushing the issue again.
"This was politics at its worst," complained Democratic Sen. Claire McCaskill. "This was a refusal to debate the biggest problem confronting the American people. ... That takes nerve."
Also remember to vote Republican in you local governments elections and US elections. We cannot let the Dem's win another seat in the Senate or the House of Representatives. Or well will be dealing with Pelosi another 2 to 4 years. That will decimate the country that we love. God bless America and all that support this great country.
Let her know how America feels about her treasonous ways. We the People demand drilling now everywhere there is oil. The people are the power and don't let her forget it. Lets send her back to San Freaksico where she belongs. Also any body that supports this dictator mentality, Ried,Kucinich,Byrd,Kennedy,and a host of others.
lyndilou0806 said; "Did you read Obama has signed on for domestic oil drilling?? I am now hopeful perhaps something will actual get done."
Guess what Obama just flip flopped again since this post. Says that we should tap into the strategic oil reserves after he said last week that we should not tamper with the oil reserves unless its an emergency. Now he's opposing oil drilling. The main stream media has not given any air time to the resent actions of Pelosi, on friday august 1 2008.
It's an indisputable fact that the do nothing Democrat-controlled Congress has sat on their asses and watched gas prices rise over the past couple of years. Pelosi's only accomplishment has been to try to secure a larger plane for her entourage. God only knows if the American public will come to its senses and realize that these socialists do not have a solution. American was not built on socialism. "The business of America is business", President Calvin Coolidge. Still true today.
the drill leases do not work because there is not enough oil there to invest. The oil offshore is where it is, Fancy Nancy knows this thats why its off limits. they want the oil high so you vote democratic. they sold us out for their own selfish greed for power. VOTE THEM ALL OUT!! every last one of them~!!!
Vote out all incumbents democtares and republicans. and replace them each term if they do a shit job like they all have. the republicans cry, the dems won't let them drill offshore. the dems cry they don't use the drill leases they have now, use or lose. JUST US PLAIN WORKING STIFF AMERICANS LOSE!!!
yep people keep voting Democrats, this has been an extreme attempt to sell out the American People for votes. To blame this all on George Bush. What a crock of shit. And this idiot still insists that we cant drill for our own resources? Fuck you Pelosi~!
Excellent comment! Did you read Obama has signed on for domestic oil drilling?? I am now hopeful perhaps something will actual get done. This is such a serious problem and one that Pelosi just doesn't get.
that isn't quite what i said . what i meant was that instead of sacrificing for the greater good, we'd rather damage and marr pristine wilderness and coastal areas, just for some selfish, spoiled, wasteful, american to drive around in a 5 m.p.g.gas guzzler, at a 27 cent savings.
you right winged wing nuts are selfish, self-serving,spoiled and ignorant americans who would wish to damage and marr pristine wilderness areas and coastal areas, just so they can drive their 5 mile an hour gas guzzler at a 27 cents savings!
How selfish of us right wing nuts who think it's much safer and cleaner to develop our own resources rather than relying on other countries to do it. And oh yeah, it's really safe to ship tankers half way around the world.
If every HYPOCRITE DRIVERS AGAINST DOMESTIC DRILLING would stop using gas, I bet gas prices would drop dramatically. I think they should stop using gas from the evil OIL COMPANIES and wait until their alternative energies are available to them.
We MUST get this woman out of office!!! She is by far the worst Speaker we've ever had. She is useless - all she can do it oppose Bush and that is not her job - she need to work. She is in charge of the "do nothing congress" and she is hurting Americans. Impeach Pelosi NOW!
You are clueless, scflyer55. If 3 in 4 Americans think that drilling for oil off US coasts will help, they are horribly misinformed. Do the math yourselves people. The world consumes over 80 millions of barrels per day. Even if the optimistic value of 1 million barrels per day were added from domestic drilling which will come online in an optimistic 5 years, this will add an insignificant impact to world supplies, only profit to oil companies--it will be their oil not yours. Oil is a dead end.
If you would just make a small effort to research the numbers yourself, your high school math should suffice. But I know you won't bother because you are a complete loser.
I have researched the numbers and I have also reviewed the charts. Not only that, but I have had the special opportunity to speak with experts who work in the field.
Again, present these numbers you have. I'm dying to see how badly you can bullshit.
Rank country ( bbl/day) Date of Information 1 United States 20,680,000 2007 est. 2 European Union 14,380,000 2007 est. 3 China 7,880,000 2007 est. 4 Japan 5,007,000 2007 5 India 2,722,000 2007 est. 6 Russia 2,699,000 2007 est. 7 Germany 2,456,000 2007 est. 8 Brazil 2,372,000 2007 est. 9 Canada 2,371,000 2007 est. 10 Mexico 2,119,000 2007 est.
there's nothing anyone can realistically do to bring down or keep low the price of petroleum over the long term. so stop complaining
Unclesamslair 2 years ago
so if we dont drill our own wells and keep buying everyone else's oil, the price will continue to go up , right?
work on a wood burning car bub
scflyer55 2 years ago
What? All I was saying is that drilling our own oil as well as many other things will only get us so far and are only temporary fixes. Oil production peaked in the United States in the 70's and global reserves are next. Reducing oil prices temporarily trough offshore drilling works for a political candidate that will only be in office for 2 or 4 years, but in 10 to 20 years there won't be anything anybody can do about oil prices. I'm just stating an undeniable eventuality
Unclesamslair 2 years ago
does anyone know a website where i can cast my opinion votes, like gallup or something?
magitinacopper 2 years ago
Check your messages mag
scflyer55 2 years ago
Thank you very much!
magitinacopper 2 years ago
...how am I a racist? I fail to see anything that hints at any sort of racism in my comments.
Youtube is the place for debate. You could have posted your brilliant "math" by now and proven me wrong. But you haven't.
BrianRabil 3 years ago
I have a great idea.
POST YOUR MATH!!
And no, Obama's quotes don't count as math. I just wanted to clear up the confusion.
I know exactly where you got your shit. You got it from Obama.
But how could we forget, the great messiah cannot tell a lie.
BrianRabil 3 years ago
Me lying?
Stop avoiding my request and post your "math."
I'm being sarcastic, I know your "Math" doesn't exist. If it did, you would have presented it a long time ago. Also, there is no math supporting your claim. It goes against basic principles of business.
BrianRabil 3 years ago
PELOSI-go get a real job! buy you own gas for a change! we are sick of paying your stickin bills.
REMOVE PELOSI! TODAY!
wildflowersandi 3 years ago
Clean House Exterminate Pelosi!
aziachickadee 3 years ago
we got to get rid of that cunt Allyson schwartz too congresscunt from Pennsylvanian
Emeraldguard4RonPaul 3 years ago
We need to get rid of this airhead, Pelosi.
luvguins 3 years ago
wind and solar =hot air.There is oil in america to last for 100 years.Which is about the time needed to develop alternative energies.
rw5791 3 years ago 2
agreed
pelosi, what a cunt
how could so many people be fooled by such empty promises? she gave no backing to her claims of common sense solutions. What solutions, the price has nearly doubled
mortson978 3 years ago
Nutsy Pelosi.
foxrat123 3 years ago
IDOITS! This is a republican sales campaign. Democrats have a plan to lower energy prices today and tomorrow but the U.S. Senate Republicans are filibustering the plan. Drilling offshore and in the Artic Refuge only benefits big oil and won't lower prices but MAYBE pennies in 10 years, that's from Bush's numbers. There are dozens of ways to lower prices more than that but Republicans won't allowed a vote in congress. Just watch C-Span sometime and you will see what really goes on in congress.
padraicbg 3 years ago
the futures market has inflated oil prices by 50%. If people who own oil futures think the price is going down, they will sell, driving down prices. The day after president Bush lifted the executive moretorium on drilling, oil dropped $10 per barrel. Oil and nuclear are the only two technologies that produce more energy than they consume. Wake up, tool.
AnthraxGoodybag 3 years ago
The futures market has been minuplated like in the days of Enron, thats according many experts. Oil price based on supply and demand should be around $55 per barrel. And just to let you know, renewable energy like solar and wind will be 25% of the nations power source in less than 20 years and be at 40% or higher in 30 years, which will be more than oil. Combine that with geothermal, bio-fuel and nuclear, and a few odd other renewable sources, we won't need coal or oil. The futures here already.
padraicbg 3 years ago
Senate GOP blocks tax on Big Oil
WASHINGTON - Senate Republicans on Tuesday, June 10, 2008 blocked a proposal that would have taxed windfall profits of the largest oil companies and allowed the government to take OPEC members to court, handing Democrats fresh ammunition in an election year in which voters are struggling with surging gasoline prices.
scflyer55 3 years ago
The Democratic energy package would have imposed a 25% tax on any "unreasonable" profits of the five largest U.S. oil companies, which together made $36 billion during the first three months of the year. It also would have given the federal government more power to address oil market speculation that the bill's supporters argue has added to the crude oil price surge.
scflyer55 3 years ago
Republicans, however, have said the bill would do nothing to ease soaring gasoline prices in the United States.
The Democrats failed, 51-43, to get the 60 votes needed to overcome a Republican filibuster — a procedural tactic to delay debate on a bill — and bring the energy package up for consideration.
scflyer55 3 years ago
The defeat affords Democrats another opportunity, going into the November congressional and presidential elections, to try to cast Republicans as siding with the oil companies at a time of record gasoline prices.
"Americans are furious about what's going on," declared Democratic Sen. Byron Dorgan. He said they want Congress to do something about oil company profits and the "orgy of speculation" on oil markets.
But Republican leaders said the Democrats' plan would do harm rather than good -
scflyer55 3 years ago
and they kept the legislation from being brought up for debate and amendments.
On world markets, oil prices retreated a bit Tuesday but remained above $131 a barrel.
At the Capitol, Democratic leaders needed 60 votes and they got only 51 senators' support, including seven Republicans who bucked their party leaders.
scflyer55 3 years ago
"We are hurting as a country. We're hurting individually as Americans ... and the other side says, 'Do nothing. Don't even debate the issue,"' complained Democratic Sen. Charles Schumer.
"Average citizens are scratching their heads and saying, what's wrong with Washington," said Schumer.
Republican opponents argued that little was to be gained by imposing new taxes on the five U.S. oil giants: ExxonMobil Corp., Chevron Corp., Shell Oil Co., BP America Inc. and ConocoPhilips Co.
scflyer55 3 years ago
While these companies may be huge, they do not set world oil prices and raising their taxes would discourage domestic oil production, the Republicans said of the Democrats' plan.
"In the middle of what some are calling the biggest energy shock in a generation ... they proposed as a solution, of all things, a windfall profits tax," Republican leader Mitch McConnell of Kentucky chided the Democrats.
scflyer55 3 years ago
He called their proposal "a gimmick" that would not lower gasoline prices and only hold back domestic oil production.
"The American people are clamoring for relief at the pump," agreed Republican Sen. Pete Domenici, but "they will get exactly what they don't want" under the Democrats' plan — higher prices and an increase in oil imports.
scflyer55 3 years ago
The bill's supporters argued that their proposal was different from the windfall profits taxes of the early 1980s that thwarted domestic production and led to a rise in imports. The oil companies could avoid the tax by using their "windfall" to push alternative energy programs or refinery expansions, they said.
scflyer55 3 years ago
Shortly after the oil tax vote, Republicans blocked a second proposal that would extend tax breaks that have either expired or are scheduled to end this year for wind, solar and other alternative energy development, and for the promotion of energy efficiency and conservation. Again Democrats could not get the 60 votes to overcome a Republican filibuster.
scflyer55 3 years ago
Neither Republican presidential candidate John McCain nor his Democratic rival, Barack Obama, were in Washington to cast votes on the energy issue on Tuesday.
Obama, in a statement, said Republicans had "turned a blind eye to the plight of America's working families" by refusing to take up the energy legislation. Obama has supported additional taxes on the oil companies. McCain is opposed to such taxes and has proposed across-the-aboard tax reductions for industry as a way to help the economy.
scflyer55 3 years ago
Election-year politics hung over the debate. Democrats know their energy package has no chance of becoming law. Even it were to overcome a Senate Republican filibuster — a longshot at best — and the House acted, President George W. Bush has made clear he would veto it.
scflyer55 3 years ago
The oil companies have been frequent targets of Congress. Twice this year, top executives of the largest U.S. oil producers have been brought before congressional committees to explain their huge profits. And each time the executives urged lawmakers to resist punitive tax measures, blaming high costs on global supply and demand.
scflyer55 3 years ago
In addition to the proposed windfall profits tax, the Democrats' bill also would have rescinded tax breaks that are expected to save the oil companies $17 billion over the next 10 years. The money would have been used to provide tax incentives for producers of wind, solar and other alternative energy sources as well as for energy conservation.
scflyer55 3 years ago
In an attempt to dampen oil market speculation, the legislation would require traders to put up more collateral in the energy futures markets and would provide authority to regulate U.S.-based trading in foreign markets. And it would make oil and gas price gouging a federal crime, with stiff penalties of up to $5 million during a presidentially declared energy emergency.
scflyer55 3 years ago
After Tuesday's defeat, Democrats did not rule out pushing the issue again.
"This was politics at its worst," complained Democratic Sen. Claire McCaskill. "This was a refusal to debate the biggest problem confronting the American people. ... That takes nerve."
scflyer55 3 years ago
gas prices are high because of Bush failed energy policy
jacquelineveronique 3 years ago
Also remember to vote Republican in you local governments elections and US elections. We cannot let the Dem's win another seat in the Senate or the House of Representatives. Or well will be dealing with Pelosi another 2 to 4 years. That will decimate the country that we love. God bless America and all that support this great country.
RisingSun401 3 years ago
To call Pelosi office in Congress, 1-202-225-0100
Let her know how America feels about her treasonous ways. We the People demand drilling now everywhere there is oil. The people are the power and don't let her forget it. Lets send her back to San Freaksico where she belongs. Also any body that supports this dictator mentality, Ried,Kucinich,Byrd,Kennedy,and a host of others.
RisingSun401 3 years ago
lyndilou0806 said; "Did you read Obama has signed on for domestic oil drilling?? I am now hopeful perhaps something will actual get done."
Guess what Obama just flip flopped again since this post. Says that we should tap into the strategic oil reserves after he said last week that we should not tamper with the oil reserves unless its an emergency. Now he's opposing oil drilling. The main stream media has not given any air time to the resent actions of Pelosi, on friday august 1 2008.
RisingSun401 3 years ago
It's an indisputable fact that the do nothing Democrat-controlled Congress has sat on their asses and watched gas prices rise over the past couple of years. Pelosi's only accomplishment has been to try to secure a larger plane for her entourage. God only knows if the American public will come to its senses and realize that these socialists do not have a solution. American was not built on socialism. "The business of America is business", President Calvin Coolidge. Still true today.
wrightclick1 3 years ago
the drill leases do not work because there is not enough oil there to invest. The oil offshore is where it is, Fancy Nancy knows this thats why its off limits. they want the oil high so you vote democratic. they sold us out for their own selfish greed for power. VOTE THEM ALL OUT!! every last one of them~!!!
danzor123 3 years ago
Vote out all incumbents democtares and republicans. and replace them each term if they do a shit job like they all have. the republicans cry, the dems won't let them drill offshore. the dems cry they don't use the drill leases they have now, use or lose. JUST US PLAIN WORKING STIFF AMERICANS LOSE!!!
hrnyolbiker 3 years ago
yep people keep voting Democrats, this has been an extreme attempt to sell out the American People for votes. To blame this all on George Bush. What a crock of shit. And this idiot still insists that we cant drill for our own resources? Fuck you Pelosi~!
danzor123 3 years ago
Everytime you shell out that 100 bucks for gas just remember these words.Nancy Pelosi.
rw5791 3 years ago
Excellent comment! Did you read Obama has signed on for domestic oil drilling?? I am now hopeful perhaps something will actual get done. This is such a serious problem and one that Pelosi just doesn't get.
lyndilou0806 3 years ago
right on, someone needs to pack her shit because soon she will be looking for a new place to spread her bull shit. GTFO Nancy!
danzor123 3 years ago
that isn't quite what i said . what i meant was that instead of sacrificing for the greater good, we'd rather damage and marr pristine wilderness and coastal areas, just for some selfish, spoiled, wasteful, american to drive around in a 5 m.p.g.gas guzzler, at a 27 cent savings.
oaklynlen 3 years ago
you right winged wing nuts are selfish, self-serving,spoiled and ignorant americans who would wish to damage and marr pristine wilderness areas and coastal areas, just so they can drive their 5 mile an hour gas guzzler at a 27 cents savings!
oaklynlen 3 years ago
How selfish of us right wing nuts who think it's much safer and cleaner to develop our own resources rather than relying on other countries to do it. And oh yeah, it's really safe to ship tankers half way around the world.
mikeh114 3 years ago
If every HYPOCRITE DRIVERS AGAINST DOMESTIC DRILLING would stop using gas, I bet gas prices would drop dramatically. I think they should stop using gas from the evil OIL COMPANIES and wait until their alternative energies are available to them.
kusamabo 3 years ago
Confront Pelosi on impeachment at Netroots Nation
impeachmentwatch 3 years ago
We MUST get this woman out of office!!! She is by far the worst Speaker we've ever had. She is useless - all she can do it oppose Bush and that is not her job - she need to work. She is in charge of the "do nothing congress" and she is hurting Americans. Impeach Pelosi NOW!
lyndilou0806 3 years ago
You are clueless, scflyer55. If 3 in 4 Americans think that drilling for oil off US coasts will help, they are horribly misinformed. Do the math yourselves people. The world consumes over 80 millions of barrels per day. Even if the optimistic value of 1 million barrels per day were added from domestic drilling which will come online in an optimistic 5 years, this will add an insignificant impact to world supplies, only profit to oil companies--it will be their oil not yours. Oil is a dead end.
uberfreak9 3 years ago
We better get our asses in gear then, don't you think?
The Russians will be drilling whether we like it or not - so we might as well get it on in the Oil War now the the Cold War is ( almost) over.
scflyer55 3 years ago
Please share this "Math" you have done. I would love to see it, except it doesn't exist.
Go get a basic education in economics, it will do you some good.
BrianRabil 3 years ago
If you would just make a small effort to research the numbers yourself, your high school math should suffice. But I know you won't bother because you are a complete loser.
uberfreak9 3 years ago
I have researched the numbers and I have also reviewed the charts. Not only that, but I have had the special opportunity to speak with experts who work in the field.
Again, present these numbers you have. I'm dying to see how badly you can bullshit.
BrianRabil 3 years ago
scflyer55 2 years ago
Nuclear power is 20% of US electricity generation.
It is 76% in France and they're liberal as fuck.
Hydro is 6% in US.
Hydro is 66% in Canada and they're liberal as fuck.
Coal is 49% in US.
All we need is more nuclear for more power gen. But the libs don't give a fuck!
scflyer55 2 years ago