"Dennis"
never.net> wrote in message
news:Hf-dnXC9L7NETeDVnZ2dnUVZ_sjinZ2d@comcast.com...>>
>> "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.
> *******
> Ah, 9Titties, you obviously know nothing about geology, the oil industry,
> logic or reason, but know everything about braying your ignorance to the
> world.
>
> Dionysus
>>
Funny, Dennis, you're talking about ignorance, if you're an educated boy
you'd know that the oil companies are seating on a large area that they
leased
but they're not doing a thing about it because they want that COASTLINE.
This is what you get when you put oil people in control of government.
