Wednesday, April 02, 2008
Congress Puts On Another Dog And Pony Show With Oil Executives...Again
Executives from the world's top oil companies, in a congressional hearing today, told U.S. lawmakers that competition and high costs justify the industry's opposition to taxes increases.
Representative Edward Markey, a Massachusetts Democrat, hauled in executives from the oil industry to testify on record profits and gasoline prices before his Select Committee on Energy Independence and Global Warming.
The House passed a measure in February over oil-industry objections that would impose $18 billion in new taxes on oil and gas companies to pay for wind and solar projects and energy conservation measures. The industry argues that the money should go toward exploring for and producing more fossil fuels, which executives say could help bring down prices.
John Hofmeister, head of Royal Dutch Shell PLC's (RDSA) U.S. operations said, CNN:
...it was an embarrassment for the "hundreds of thousands of employees dedicating their lives to energy...to be vilified by their own government."
"Shame on Congress for not having recognized that its own public policies are costing consumers high energy prices."
I don't know if PBS' Charlie Rose's past programs are available to view on the web, but Hofmeister appeared on the show last Tuesday, I believe. I watched it. This guy knows exactly what the problem is and how to solve it. If it's available to watch on the web, I'd recommend it. Mr. Hofmeister would be the perfect person to be the next Secretary of Energy, and let him rule autonomously. And no, I have no idea what his political bent is, I don't care - it doesn't matter. Seek out the Rose-Hofmeister interview and watch it.
If you want to know who is guilty of price-gouging, it's the federal government along with most state and local governments.
Oh, and by the way, we're still waiting for Nanny Pelosi to implement her secret plan to reduce the cost of gasoline. We've been waiting since April 24, 2006. Maybe she's waiting for a second-year anniversary party?
Besides, I though Liberals liked high gasoline prices. People drive less and Ma Earth is much happier is what they told us. Why the whining, Libs? For years you wanted higher gas prices - like Europe has - and now you're bitching about it? Be careful what you wish for.
Labels: Dog and Pony Show
Libertards are now thinking wtf?
They trot this "price gouging" committe out every fuckin time the price of a gallon of gas goes up. And it's almost around the same time of year - spring - which means that oil co's and refineries are having to blend 30-some botique fuels to meet standards set by the govt, etc ,etc. And Congress wonders why the price increases? Either they really are the dumbest fucks around, or they're playing it all for political gain. Or both. Yeah, I vote both.
Whatta you think?
I think the current Libs and Dems will drive us straight to hell at 100 MPH.
The Repubs will drive us there at around 45MPH.
Something has to "change." I "hope" it does. And the answer is not ChimpyMcPoodle!
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