Posted by
rycK on Wednesday, May 21, 2008 3:23:11 PM
Stupid Questions and Comments by Senator Leahy from Vermont
Committee Chairman Patrick Leahy, D-Vt., said there's an unexplained "disconnect" between prices — at nearly $130 a barrel — and legitimate supply and demand.[1]
There is no disconnect Senator, your liberal Democrats have prohibited drilling, exploration, refining and other aspects of oil and now the supply is limited so the price is rising.
Who have you been talking to for your economics details? Jerry Garcia?
“Leahy is a fan of the Grateful Dead. He has not only attended concerts, but has taped them, and has a collection of the band's tapes in his Senate Offices. Jerry Garcia visited him at his Senate offices, and Leahy gave a tie designed by Garcia to Senator”[2]
We still remember y0ur disgusting leak of secret material from your staff [3] You resigned from the committee in disgrace. That is why you are known as Leaky Leahy, because you are a security risk.
Learn a little economics and then note that the oil companies do not set the market price and they make only 8 cents per gallon and your federal government makes about 16 cents and some states about 30-40 cents per gallon.
Did you support ethanol from corn?
“Reductions in demand for gasoline or oil could occur as Americans switch to alternative energy sources such as wind power, hydroelectric, geothermal, or engage in more conservation activities, or use renewable fuels (such as 85 percent ethanol, fuel cells, or hydrogen). Sen. Leahy has strongly supported research and development funding for these and other technologies. These are solutions that can break our long-term dependence on foreign oil, as well as creating new industries that would strengthen.[4]
Ethanol from corn is not a long term solution: Even the New York Times knows that:
The Leftists Bawl for Grain-Based Fuels and the Prices Rise and they Bawl About the Prices.
http://rycksrationalizations.blogtownhall.com/2008/04/07/the_leftists_bawl_for_grain-based_fuels_and_the_prices_rise_and_they_bawl_about_the_prices.thtml
In an article entitled Grains Gone Wild[5], the Times’ noisiest non-economist waxes economic for our amusement.
“Over the past few years the prices of wheat, corn, rice and other basic foodstuffs have doubled or tripled, with much of the increase taking place just in the last few months. High food prices dismay even relatively well-off Americans — but they’re truly devastating in poor countries, where food often accounts for more than half a family’s spending.” [All quotes here have my emphasis and refer to the article Grains Gone Wild unless otherwise indicated.]—Paul Krugman New York Times.
You seem to advocated higher and punitive taxes on oil companies:
“But these approaches will not be sufficient in the short run to have a significant downward effect on the current high prices at the pump. In light of the record-breaking profits being made by oil companies, another option Sen. Leahy and his colleagues have been examining is the possibility of a windfall profits tax on oil company proceeds, which could be rebated to American Consumers or invested in these new alternative technologies.[6]
Could you explain how higher taxes on oil companies coiuld lower gas prices at the pump? Did you realize that if we drill and produce more oil the price would go down? Or is that not an option for you given the politics??
Liberal Democrats have forced this supply shortage. We have lots of oil and we can blend in our oil usage with new forms of biofuels, but you prevent that. Did you advocate corn being converted to fuel?
What are you liberals doing?? It looks like you are trying to wreck our economy.
rycK
Comments to: ryckki@gmail.com
[1] http://news.yahoo.com/s/ap/20080521/ap_on_go_co/oil_congress
[2] http://en.wikipedia.org/wiki/Patrick_Leahy
[3] In 1987, Leahy resigned from his position as Vice Chairman of the Senate Intelligence Committee after an investigation into an alleged leak to a reporter regarding information.
[4] http://leahy.senate.gov/issues/Gasoline/index.html