Pelosi blocks offshore drilling

[WWhiskey]

we don't have the refining capacity for all that oil anyway... so when they say short term... they mean it will take years before this will have a positive effect on pricing anyway.  This is a wedge issue that is meaningless. 

we have the capacity too refine up too 11 million barrels of our own oil!! (not including the 5 too 6 million of our own that we refine right now) , today, maybe more!!
 we have this capacity because we stop importing that oil from overseas!
 the two largest offshore drilling companies both say that we can have that oil in the system in 1 too 6 years! this frees up foreign oil for other places.
 the Chinese or the cubans or some other country is going to pump that oil and sell it too us if we don't do it ourselves, only they wont do it as well or safe as we will and we will still be sending 700 billion or more to  them  instead of keeping that money here at home !!
 why on earth would we want too keep giving the rest of the world  our money?
once we become less dependant on oil, thru alternative energy , we could then become an oil exporter, and start to get some of the trillions of dollars back, that we have paid too the middle east!

[WWhiskey]

You just treat them like any other business.....but it's not like that.  This is a business about being slaves to a product.  Why, when you know what they have been doing to get more money out of us, would you blindly back a company that continues to rake in the highest profits in the history of mankind, while we pay the highest prices in our history for their product?  Do you not relate the fact that while we are paying more and more, they are making more and more profit.  The big oil companies are as guilty as the speculators, lobbyists, and arabs for raping us over the last 3-4 years.  Don't be fooled.

and you back who ?
 the U.S. gov made 1.3 trillion in revenue last quarter on fuel sales alone!! they didnt explore for new oil, they didnt drill for more oil, they didnt pump it in your tank, they just stuck there hand out and took it from you!! now who just raped the american public?
 how will more taxes on fuel help this problem?

[Shamus]

 the U.S. gov made 1.3 trillion in revenue last quarter on fuel sales alone!

where did that come from?

shamus

[Donzo]

1.3 trillion/quarter does seem high

[Getback]

You just treat them like any other business.....but it's not like that.  This is a business about being slaves to a product.  Why, when you know what they have been doing to get more money out of us, would you blindly back a company that continues to rake in the highest profits in the history of mankind, while we pay the highest prices in our history for their product?  Do you not relate the fact that while we are paying more and more, they are making more and more profit.  The big oil companies are as guilty as the speculators, lobbyists, and arabs for raping us over the last 3-4 years.  Don't be fooled.

You can ride a bike, walk, etc. If you choose to live miles away from your job that is your choice. Heck the Amish use horses and don't drive. Sometimes they ride in cars though.

You are one sour fellow Skyrock. Aren't you a teacher? Glad you don't teach my kids. I look back now and count my blessings that I had some very forward looking teachers.

As far as the speculators go I'm not sure about that. For one when gas surges people start cutting back. Like what is happening today. Eventually the market corrects itself.

[Elfie]

Her highness blocks the vote, then tries to stop our representatives from speaking!

http://www.politico.com/blogs/thecrypt/0808/House_Dems_turn_out_out_the_light_but_GOP_keep_talking.html?showall


I will be glad when she is gone.

What does it take to change the Speaker of the House? (Besides her not getting re-elected that is.)

[Waffle]

let's take a vacation!

http://clerk.house.gov/evs/2008/roll566.xml

you can find out if your representatives voted to go on vacation instead of working for us the people.

[FrodeMk3]

let's take a vacation!

http://clerk.house.gov/evs/2008/roll566.xml

you can find out if your representatives voted to go on vacation instead of working for us the people.

Here in California, Waffle, They went on vacation only after making sure they had the money to afford one. They did that by passing a law that enabled them to pay state employees' (of all branches, including corrections, Law Enforcement, fire, everything) just minimum wage.

[Captain Virgil Hilts]

Oil companies have been blocking alternatively fueled vehicles for years, not investing in refineries, and raking in unthinkable profits.  Do you really think drilling off-shore is going to stop them from doing the same for as long as they are allowed to do so?  Since Katrina, some knobsuckers have been just raking in the loot at US citizens cost.

    

Yes, the oil companies bought up all of those 100 MPG carburetors. 

Sure, the oil companies didn't invest in refineries (the ones they can't build due to government regulations and "environmentalists lawsuits). 

Yep, UNTHINKABLE profits. To the tune of far less than a dime on the dollar, one of the lowest profit margins in the business world. 

The GOVERNMENT takes in more TAX REVENUE on a gallon of fuel than an oil company makes. But Hell, don't let the TRUTH get in the way of a good conspiracy theory and witch hunt.

[Nashwan]

The GOVERNMENT takes in more TAX REVENUE on a gallon of fuel than an oil company makes.

That's true for gasoline, but probably not true for oil.

Exxon produced about 4.5 million barrels of oil a day last year, and earned a profit of something over $40 billion. That works out at about $24 a barrel, just under 60c per gallon.

[JoeA]

That's true for gasoline, but probably not true for oil.

Exxon produced about 4.5 million barrels of oil a day last year, and earned a profit of something over $40 billion. That works out at about $24 a barrel, just under 60c per gallon.

Your equation leaves out many parts and facets of Exxon's business.  In addition to producing their own oil, Exxon also *buys* more oil on the open market than they produce, so your calculated profit/gallon is at *least* 50% too high.  Also, Exxon is made up of many multi-billion dollar companies that do *zero* oil production/refining/delivery.  Businesses like natural gas, real estate, etc.  The profit from these other business should be removed from your calculation.

For gasoline (not all oil, but a large % of it) Exxon's profit, according to my back of the envelope calculation, is some 16 cents/gallon. ($4/gallon*8% margin less 49% tax rate)  That's surely an incorrect number but it's a number. 

[angelsandair]

Oil companies have been blocking alternatively fueled vehicles for years, not investing in refineries, and raking in unthinkable profits.  Do you really think drilling off-shore is going to stop them from doing the same for as long as they are allowed to do so?  Since Katrina, some knobsuckers have been just raking in the loot at US citizens cost.

You know that for every gallon of gas sold, the gas companies get only like $0.4 right? Everything else is taxes and shipping it other places.

[AKIron]

let's take a vacation!

http://clerk.house.gov/evs/2008/roll566.xml

you can find out if your representatives voted to go on vacation instead of working for us the people.

With many Americans in dire straits over fuel prices, home mortgages, and lack of good television, everyone should take note that the democrats in congress have abandoned them. If this doesn't cause sweeping changes in congress come November, we deserve what we get.

[WWhiskey]

With many Americans in dire straits over fuel prices, home mortgages, and lack of good television, everyone should take note that the democrats in congress have abandoned them. If this doesn't cause sweeping changes in congress come November, we deserve what we get.

 i don't know if you noticed but obama changed his position on offshore drilling!!!
i guess he realized that with 75% of Americans wanting offshore drilling he could not win!!
 i hope the rest of those Dem's don't figure that out, it will be fun to wave at them as they leave washington

[Slamfire]

 i don't know if you noticed but obama changed his position on offshore drilling!!!
i guess he realized that with 75% of Americans wanting offshore drilling he could not win!!
 i hope the rest of those Dem's don't figure that out, it will be fun to wave at them as they leave washington

The man is a hustler pure and simple.  All is does is craft carefully composed doublespeak - and the rare time that he does appear to take a stand on something, he always leaves himself an out and keeps everything open ended.  When public opinion goes against him, he very quickly changes his stance.  He's changed positions on the War in Iraq, The Right to Bear Arms and now Offshore Drilling - all suddenly in the last month (!!!).

If you want to know where the man really stands, look at his past: his past voting record, his origins, and the people he's been in league with for the last 20+ years.

I don't think McCain is that great a candidate either - but he's a fundamentally more honest man, plus he speaks what he thinks with minimal doublespeak.  Unlike Obama, you know where he stands on things.

..come November, Vote American.