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Oil at $300
Public Policy; Political and Legal NewsYou would think that this story is right out of science fiction. But the facts appear to be that the US Democrat-controlled Congress intends to destroy the Republican middle class with $11 per gallon gasoline.

The Democrats’ base -- wealthy white “limousine liberals”, and very poor people -- won’t be harmed, but the families who live in suburbia will be devastated.


The multi-millionaires like billionaire Senators John Kerry & Jay Rockefeller, financial speculator George Soros, filmmaker Michael Moore, and actors George Clooney & Meg Ryan can easily pay for their auto and private jet fuel. Poor people are forced to take public transit.

Here’s the reasoning behind the move.

The so-called “Global Oil Crisis” is an invention of the US liberal ruling class, which has successfully managed to export their disastrous ideas worldwide. Oil supply and demand has been on knife-edge balance for years. With the growth of the newly well off Chinese and Indian car-consuming populations, oil consumption has been rapidly increasing in the developing world even as it has been dropping in the US. No wonder India and China, with nearly half the world’s population, refused to sign on to the Kyoto “global warming” treaty.

Cheap energy -- and specifically oil -- is what made America the powerhouse of the 20th century. When gasoline was $1 a gallon in the US, it was $2-3 a gallon in high-tax Europe. Low US excise taxes enabled the country to grow and our vast middle class to prosper. Even today, the American consumer is paying $4-$5 per gallon of gasoline while his European counterpart is paying $10-12.

To meet this new energy shortfall, economists would assume that the rational market would increase the supply of oil and other oil-substitute energy supplies. But they would be wrong.

Human Events

Posted on Friday, July 04 @ 07:59:07 PDT by Leanan
 
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ARE We Out of Gas Yet?

 
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"Login" | Login/Create an Account | 3 comments | Search Discussion
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Re: Oil at $300 (Score: 1)
by eattherepublicans on Friday, July 04 @ 09:53:32 PDT
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What a joke. This article is hilariously obvious republican propaganda. Jut look at the website "Human Events" where it originates. Haha. "Promoting the Republican agenda since 1944".  Eat a republican, but you must cook them very well to get the stupidity out. Try them with french fries and broccoli.






Re: Oil at $300 (Score: 1)
by Kup on Friday, July 04 @ 12:54:09 PDT
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Leanan,
As a lifelong Republican I can honestly say that these types of posts are one of the reasons that I'm so fed up with my party.  Earth to Leanan:  China and India both signed the Kyoto Protocol in August of 2002.  If you can't get even the basic facts right then how much can your analysis be worth?
Yes, my Republican friends, cheap oil has been a boon for the last century, yes, the internal combustion engine has enabled man to live better than he ever has.  We should praise the oil era and the ICE era and be thankful that we lived during this time.  With that said, and let me put it in a way that you can hopefully understand, "to everything there is a season" and "this too shall pass".   The oil era is coming to an end in our lifetime (and for sure in my daughter's lifetime) and we need to adjust to the future.  Embrace alternatives.  Either subsidize them like we do fossil fuels or end all subsidies and price in all externalities for each fuel source.
But on the intermediate time line, get informed before you post non-sense.



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