Bush Lifts Ban On Offshore Drilling
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July 15, 2008, 2:43 pm
Filed under: Credit Crisis, DEBT, Dollar, Economic Collapse, Economy, George Bush, Great Depression, Greenback, Inflation, Oil, Petrol, Stock Market, US Economy, central bank, economic depression, energy, gas prices, neocons | Tags: offshore oil drilling
Filed under: Credit Crisis, DEBT, Dollar, Economic Collapse, Economy, George Bush, Great Depression, Greenback, Inflation, Oil, Petrol, Stock Market, US Economy, central bank, economic depression, energy, gas prices, neocons | Tags: offshore oil drilling
Bush Lifts Ban On Offshore Drilling
Bloomberg
July 14, 2008
President George W. Bush said today he’s lifting a presidential ban on drilling for oil and natural gas on the U.S. Outer Continental Shelf, setting up a showdown with Congress over a separate ban it put in place in the 1980s.
“Today I’ve taken every step within my power to allow offshore exploration of the OCS,’’ Bush said in a statement at the White House. “This means the only thing standing between the American people and these vast oil resources is action by the U.S. Congress.’’
Democratic leaders in both houses of Congress rejected the president’s call, saying the move to end the moratorium would have no effect on prices and better options are available.
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The only energy or oil monopoly in this country is a governmental institutionalized monopoly on our country energy market. The legislative branch has been engaging in anti-competitive energy practices from drilling to building new refineries and much more. They are in clear violation of the
“Sherman Antitrust Act
This Act expresses our national commitment to a free market economy in which competition free from private and governmental restraints leads to the best results for consumers.” http://www.usdoj.gov/atr/contact/newcase.htm#file
Clearly the governmental restraint are in violation of a free market economy and is criminal negligence on the part of the liberal politicians who are the real cartel that profit in taxes more then 3 to 1 to the oil companies that actually work for their money and then have to pay taxes on top of that. So when Oil profits go up the tax revenue increase is 3 times that of the oil companies. So who do you think is the real cartel???
This criminal incompetence of the democrats and legislative politicians anti free market energy economy in allowing American companies to meet American Oil needs is in need of change and with bush opening up offshore drilling it is time that we conservatives take a page from the left wing play book and for us to us the judicial system in upholding our laws and open up drilling.
Why dose the Senate call for investigations on big oil? Because they are trying to transfer the blame off of them by placing the blame on someone else. By placing the blame on the oil companies and keep people from seeing that government is the true problem they are able to offer false hope in an effort to gain more power and money from taxes while eliminating a free market economy in our country and forcing us to send our money to unfriendly Middle Eastern countries.
Comment by Jeff Roensch August 5, 2008 @ 10:27 pm