gas was $1.50 under the clintons (democratic party)

keep that in mind when you vote in november

nice when ur politicians aren't oil company's bitches

 

You've already been had if you think politics is ever going to change the world.


x

 

The 90s was the pinnacle of cheap energy and cheap imported crap. Those days are over. The U.S. reaped all the benefits of those countries (China, India, Malaysia) when they were still developing. The highly populated cheap labor countries that manufactured all those goods are now becoming more developed and want the same luxuries that countries like the U.S enjoy. That takes energy and food and drives up prices. That's why Bush was in China telling them to build more nuclear plants.

.

 

One has to remember that while in office Clinton faced a republican congress, so who actually was responsible? Also at that time anti-trust laws and corporate manipulation of certain markets was not tolerated by the US society as a whole. We'd just lived through a Savings and Loan Crisis that the American taxpayers were paying for the bail out and resolution of. But memories are short. Things change when you elect not once, but twice big oil/energy pundits to a White House that now views Executive Powers as an innate right to rule without oversight. Funny thing is the Bush family was involved with the Savings and Loan mess as well.

 

Let's really look at the economic picture under Clinton:

http://www.commondreams.org/views01/0109-04.htm

Red entry added for clarity.

 

also keep in mind that clinton refused to allow new drilling in alaska or the gulf, said it would be 10 years before we'd get anything from it anyway...


10 years later and supply is tight and getting tighter.

 

It's well known that the price of petroleum has always been deflated in certain foreign countries including the West for quite some time.

 

How exactly did that deflation occur?

 

Drilling in ANWR isn't going to accomplish anything for the US citizens. What it will accomplish is put more oil into the hands of multinational corporations who play the oil game in concert with OPEC. And you can bet they will not agree to drill there unless they are protected from any liability whether resulting from negligence or outright intent.

The only way I would allow drilling in ANWR is if the company/ies doing the drilling put up bond, that should they screw up they would pay for and return the area to the same condition in which they found it in a timely fashion.

And they should not expect to receive any federal subsidies, tax exemptions or offsets for their efforts. After all they reap the profits.

 

The idea that increasing the supply of oil is not going to accomplish anything is completely ridiculous. You cannot ignore the laws of economics just because you hate Bush.

 

I don't hate Bush. I dislike the fact that oil companies are allowed to manipulate supply in order to hike prices, while reaping outrageous profits.

http://www.niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=187

 

Yea, we all know 10% profit is OUTRAGEOUS,

OPEC has more control of the price than all the OIL Companies combined...

 

That's just plain dishonest of you.

YOU are the one arguing to restrict the supply of oil. Get it? YOU. Yet you complain about the oil companies who try to increase supply, which would bring the price down. It makes no sense.

 

It's funny how YOU think that just because oil companies get to expand, that they would cut their prices. They are raking in on that gold and no one can stop them.

Yay for Oil!

 

The oil companies don't decide what the oil price is going to be. They have to buy oil too, from Saudi Arabia, Kuwait, Nigeria, Russia, Iran, etc.

Oil price is set by supply and demand. Or do you think the oil companies woke up one day and decided "hey, let's make more profits", as if they had never thought of that before?

Supply and demand, its that simple. You cannot argue against the oil companies getting their hands on more supply and then wonder why prices are rising.

 

Just keep repeating that to yourself, but it doesn't make it true.

 

Who's in office has nothing to do with the price of oil.

 

Or anything else , right?

 

double post.......sorry

 

Does having no argument at all make you right?

Its not that complicated. Western, let alone US, oil companies do not control global oil reserves. They are controlled by the governments of Saudi Arabia, Kuwait, Nigeria, Iran, Iraq, Venezuela, Norway, Canada, etc. They sell the oil to the oil companies, and they are charging several times what they were charging back in 2001.