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Friday, August 8, 2008

Oil is at $114 Again? Follow the Money Trail

Oil is at $114 Again? Follow the Money Trail

by Garry

What happened to oil? The threat of drilling is still the motive force here, as much as I disagree with the Gang of Ten - including the five turncoat RepubliKrats joining with the enemy DementedKrats.

The very Liberal Pres. Jorge W. Bushez lifted the Executive oil drilling ban, then the Gaggle of Groupies being "bi-partisan" seems to have had an effect. Bummer. More drilling, more drilling, more drilling. The Gaggle of Groupies has handed the business of oil exploration and development to a most unlikely group of Libtards, the ALCU, Animal Whacko's and probably the ASPCA too.

* The bill will require opening additional areas for development in the Gulf of Mexico and allow drilling off the coasts of Virginia, North Carolina, South Carolina, and Georgia, incumbent on approval from those states. Any drilling activity approved by the states would be done at least 50 miles from shore. A commission would also be created recommending areas for leasing in the future.

As the old saying goes, "The devils in the details" Just who is the 'commission going to be staffed by? - The answer to that is that it will be a bunch of leftist pinko commie Libtards. Their answer to drill now, drill here is of course "

* "No, It needs to be studied. We need an environmental impact report (EIR) and we need to know what the affect will be on the Black Nosed Bottle Snails sexual performance before any actual drilling can take place. Or even any exploration, Or any talking about drilling, which would of course upset the mating rhythms of the American Leftist Pinkoids and should be the focus of a separate EIR."

* The group is led by Sen. Kent Conrad, a North Dakota Democrat, and Sen. Saxby Chambliss, a Georgia Republican. The Senators said they plan to pay for the $84 billion in spending in the bill by eliminating $30 billion in tax breaks for energy companies and by ensuring the federal government gets a fair share of revenue from the Gulf of Mexico drilling leases.

As always, just follow the money trail to find out whose butt the CONgress is sniffing. The governments fair share? For what problems in the housing market?

Whatever! The government has no stake in the risk of exploration or production, with zero risk should come the same profit for the government, zero. Leave it alone I say, let the OIL companies do the business of business and let us all sit back and watch the barrel price of oil hit a new low of $20 a bbl before the end of the year.