>
> "Dennis" never.net> wrote in message
> news:nqSdnWOor7ZXmODVnZ2dnUVZ_h3inZ2d@comcast.com...

>> FROM INVESTORS BUSINESS DAILY
>>
>> HEAD: Feckless To Reckless, Pelosi Should Resign
>>
>> Leadership: With oil hitting $147, Nancy Pelosi finally admits energy is
>> a
>> problem. But instead of drilling for it, she's cooked up a new
>> drain-the-reserves scheme. It's pure politics at a time of crisis. She

> ought

>> to resign.
>>
>> Any leader with an energy record as derelict as Speaker Pelosi's ought to
>> step down. Where she once was just incompetent and irresponsible, she has
>> now - with her latest scheme to fix oil prices - become dangerous.
>>
>> Despite polls showing Americans in favor of drilling more oil from

> America's

>> huge untapped supplies, Pelosi won't allow it. She just wants to empty
>> our
>> Strategic Petroleum Reserve for a short-term fix to get through Election
>> Day.
>>
>> It's an irresponsible suggestion, signaling not only an ignorance of how

> the

>> economy works but also a willingness to place the nation at risk in the

> case

>> of emergency.
>>
>> Last Tuesday, Pelosi sent a letter to President Bush urging him to
>> release

> a

>> "small portion" of the nation's 706 million barrels of strategic-reserve

> oil

>> to bring down prices. Regardless of how one feels about whether reserves
>> should be held at all, two big problems stand out with Pelosi's tiny

> demand.

>>
>> One, she's proposing a misappropriation of the reserves. The U.S. oil
>> stockpile is a 58-day cushion for emergencies that today are all
>> possible.
>> If Israel attacks Iran, for example, and prices double again. Or if Hugo
>> Chavez cuts off his supplies, as he threatened to do as recently as

> Sunday.

>>
>> The reserve is there to cushion the blow of a market disruption; it's not

> an

>> open-market mechanism to manipulate prices for political ends.
>>
>> Two, Pelosi has finally admitted that supply matters, something that
>> contrasts with her entire legislative record. We count 14 energy actions

> to

>> suppress supply on her Web site just since 2005.
>>
>> She has blocked efforts to open Alaska to drilling, denounced fossil

> fuels,

>> blamed oil companies for high gasoline prices, voted for biotech

> boondoggles

>> and condemned speculators.
>>
>> "Our coasts need lasting protection from oil and gas drilling," she

> declared

>> Dec. 6, 2006, after Democrats won control of Congress. Missing are any

> moves

>> against petrotyrant regimes who drive prices skyward, or even lip service

> to

>> the idea of ensuring supply through drilling.
>>
>> Pelosi downplays her proposal as modest because it's a "small" portion of
>> the reserves to spend. And look what happened in 2000, she says, when an

> SPR

>> release authorized by President Clinton lowered gasoline prices nearly

> 20%%.

>>
>> But she's not fooling anyone. Then, like now, an election was coming up.
>>
>> With Congress' public approval at a subterranean 9%% and falling, the

> speaker

>> must be starting to realize that November may not be the Democratic

> cakewalk

>> that pundits predict.
>>
>> President Bush, however, isn't about to be suckered into releasing the
>> reserves just long enough for pump prices to fall by Election Day,
>> thereby
>> saving Democrats' skins so they can carry on their drill-nothingism for
>> an
>> additional two years.
>>
>> The president needs to do two things with Pelosi's proposal: First, tell

> her

>> "no," unless she comes up with a plan to open up more drilling. Second,
>> expose it for what it is - a bid to paint Bush as the problem to distract
>> from her own sorry record.
>>
>> In playing politics with the Strategic Petroleum Reserve, the speaker has
>> moved beyond the incompetence and irresponsibility that have
>> characterized
>> her leadership to date.
>>
>> It borders on reckless, something we cannot tolerate in such dangerous
>> times.
>> *********
>> Always incompetent and irresponsible, and now dangerous...that's Crabs.
>> If
>> she doesn't quit, she should be impeached for treason.
>>
>> Dionysus
>>
>>

> Yah, leave it the republitards, they'll drill it to the last drop.
> Even if they do, it won't affect the price of gasoline much.
> And it would take years before that gas ever get to market.
> What's needed is to get out of dependence in just oil.
> Diversify our energy. That will do it.
> What gets me is: why aren't the oil companies not drilling on
> the land they have now? Noooo, they're after that coast line.

>
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