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Mr. Bush, Lead or Leave

This is a great Op-Ed all should read!

NYT-Two years ago, President Bush declared that America was “addicted to oil,” and, by gosh, he was going to do something about it. Well, now he has. Now we have the new Bush energy plan: “Get more addicted to oil.”

Actually, it’s more sophisticated than that: Get Saudi Arabia, our chief oil pusher, to up our dosage for a little while and bring down the oil price just enough so the renewable energy alternatives can’t totally take off. Then try to strong arm Congress into lifting the ban on drilling offshore and in the Arctic National Wildlife Refuge.

It’s as if our addict-in-chief is saying to us: “C’mon guys, you know you want a little more of the good stuff. One more hit, baby. Just one more toke on the ole oil pipe. I promise, next year, we’ll all go straight. I’ll even put a wind turbine on my presidential library. But for now, give me one more pop from that drill, please, baby. Just one more transfusion of that sweet offshore crude.”

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31 Responses to “Mr. Bush, Lead or Leave”

  1. bb says:

    John,

    Why do you support all the liberal, high regulation policies advocated by Tom Friedman in this op-ed?

  2. JohnKonop says:

    Bart

    What part of this do you disagree?

    NYT-Two years ago, President Bush declared that America was “addicted to oil,” and, by gosh, he was going to do something about it. Well, now he has. Now we have the new Bush energy plan: “Get more addicted to oil.”

    Actually, it’s more sophisticated than that: Get Saudi Arabia, our chief oil pusher, to up our dosage for a little while and bring down the oil price just enough so the renewable energy alternatives can’t totally take off. Then try to strong arm Congress into lifting the ban on drilling offshore and in the Arctic National Wildlife Refuge.

    It’s as if our addict-in-chief is saying to us: “C’mon guys, you know you want a little more of the good stuff. One more hit, baby. Just one more toke on the ole oil pipe. I promise, next year, we’ll all go straight. I’ll even put a wind turbine on my presidential library. But for now, give me one more pop from that drill, please, baby. Just one more transfusion of that sweet offshore crude.”

  3. Sgt Mac says:

    That’s it John……take the usual liberal viewpoint without offering a SINGLE solution. How about we levy a 100% tax on all “big oil” profits John. How much gas will that put in your tank?

    The whole environMENTAL thing is a sham perpertrated by the socialists like Algore and George Soros. All the crap about the Caribou turned out to be wrong, polar bears are increasing in numbers and even NASA scientists agree there is NO global warming taking place. Why NOT drill here and drill NOW?

    I don’t know about anyone else, but I like my SUV and it takes gas to run it.

  4. bb says:

    John,

    I asked first…why do you support the liberal policies of Tom Friedman and the dem congress (excerpt from column follows summation of big regulations you support):

    - Miles per gallon regulations on private industry
    - more “conservation” (tree hugger code word for more regulation, higher taxes, less capitalism)
    - Increase power of EPA (conservatives would abolish the EPA John)
    - Support HR6049, large tax increases, higher fuel taxes, more big government…opposed by clear thinking conservatives

    Excerpt:

    This from a president who for six years resisted any pressure on Detroit to seriously improve mileage standards on its gas guzzlers; this from a president who’s done nothing to encourage conservation; this from a president who has so neutered the Environmental Protection Agency that the head of the E.P.A. today seems to be in a witness-protection program.

    But, most of all, this deadline is from a president who hasn’t lifted a finger to broker passage of legislation that has been stuck in Congress for a year, which could actually impact America’s energy profile right now — unlike offshore oil that would take years to flow — and create good tech jobs to boot.

    That bill is H.R. 6049 — “The Renewable Energy and Job Creation Act of 2008,” which extends for another eight years the investment tax credit for installing solar energy and extends for one year the production tax credit for producing wind power and for three years the credits for geothermal, wave energy and other renewables.

  5. David O'Rear says:

    Lead is for high-test.

    Dubious should just go, and take Chain-gun Cheney with him.

  6. JohnKonop says:

    Bart and Sgt Mac

    Do you care anything for future generations?

  7. captain_menace says:

    “The whole environMENTAL thing is a sham perpertrated by the socialists”

    You’re ignorant.

    Every single large-scale mine in the U.S. is (or will be) a superfund site. I live in mine country and can tell you that the toxic tailing ponds left behind by the mining companies will be around for decades if not centuries.

    There’s a balance between harvesting resources and being a good steward for future generations. The idea that environmentalism is a fringe set of values is the epitomy of ignorance.

    “I don’t know about anyone else, but I like my SUV and it takes gas to run it.”

    Keep driving it. Regardless of whether there is more drilling (domestic or abroad)… you’ll go broke driving it.

  8. bb says:

    John,

    You start a thread by advocating a very liberal column by Tom Friedman. Why can’t you answer simple questions about your own f’n thread?

  9. bb says:

    What part of more regulation, higher taxes, unfettered spending and onerous bureaucracy benefits “future generations”?

  10. JohnKonop says:

    Bart

    I never said I supported his plan. But I will say Bush and McCain have no plan other than helping the oil business!

  11. captain_menace says:

    “What part of more regulation, higher taxes, unfettered spending and onerous bureaucracy benefits “future generations”?”

    The part that keeps profit-seeking corporations from polluting the land beyond repair and not having to pay for the cleanup cost.

    Corporations in the business of resource extraction have an abysmal record of cleaning up when the resources are depleted.

    Corporations seek shareholder return. They could care less about the common good. In fact they have a fiduciary responsibility to look after the shareholders financial return. All the marketing in the world doesn’t change the basic capitalist business model. That’s their reason for being. The common good is the domain of government. This is why concerned citizens organize governments.

    Jeez, go take a civics course and economics 101 bb. This is 10th grade stuff that you don’t seem to get.

  12. JohnKonop says:

    Soaring Oil Prices Put Focus on Speculators

    NPR-Crude oil prices rose again Monday, despite Saudi Arabia’s promise over the weekend to modestly increase oil production.

    Costly crude oil has pushed gasoline prices over $4 per gallon in most parts of the country. And that has politicians eager to show their concern.

    There have been a lot of explanations offered for the doubling of crude oil prices over the last year: a weak dollar, strong demand overseas, greedy oil companies, a stubborn OPEC. The latest culprit singled out on Capitol Hill and the campaign trail is oil speculators.

    “We all know that some people on Wall Street are not above gaming the system,” said Republican presidential candidate John McCain last week in Houston. “When you have enough speculators betting on the rising price of oil, that itself can cause oil prices to keep on rising.”

    McCain’s Democratic rival took aim at speculators as well.

    “Big investors or purchasers or buyers can artificially jack up the price of oil in order to secure short-term profits,” Illinois Sen. Barack Obama told reporters, traveling in his campaign plane.

    Both presidential candidates have called for more government oversight of oil speculators. And Congress has been busy holding hearings on the subject.

    The House Subcommittee on Oversight and Investigations reported Monday that speculators are responsible for about 70 percent of the oil traded on the New York Mercantile Exchange — up from less than 40 percent at the beginning of the decade.

    Unlike traditional players in the oil market, who buy and sell futures contracts as a way to lock in prices, financial speculators have no use for the oil itself. They’re simply placing a bet that the price of oil, and in some cases other commodities, will rise.

    This speculative money “has nothing to do with the real world supply or demand for crude oil,” said Michael Masters, portfolio manager of Masters Capital Management.

    In other words, consumers might not be putting any more gasoline in their tanks, but their pension funds are loading up on oil futures. That growing demand from institutional investors is driving up the price.

    One witness likened it to the run-up in real estate prices when rich retirees move into a small town. “The increase in the size of the funds that these people have is so enormous, there can be no doubt that this increase in the demand for paper barrels has bid up the price of paper barrels,” said Edward Krapels, director of Energy Security Analysis.

    Not everyone is convinced that speculators are to blame for rising oil prices. The Bush administration has downplayed their role. And Severin Borenstein, who heads the University of California Energy Institute, argues that speculators are chasing high prices, not causing them.

    “There is no evidence that the current price of oil is being driven by speculators or hedge fund activity, or by anything else that’s going on on the financial side,” Borenstein said. “Every day, real supply and real demand are meeting in the physical oil market and trading at prices of $130 a barrel. It’s hard to see how financial traders could be causing that to happen.”

    Still, Congress is looking for ways to rein in speculators, or at least get a clearer picture of what they’re up to.

    Some lawmakers worry that the problem goes beyond speculation to manipulation — especially since much of the oil trading happens out of sight, or on lightly regulated markets.

    “Here’s one economic principle that I know: Bad things happen in the dark,” said Rep. Jay Inslee (D-WA). “That’s where these markets are now: in the dark. And it’s time to shed a little light on them.”

    Inslee recalled what happened in the West Coast electricity market at the beginning of the decade, when traders deliberately withheld power and used other schemes to artificially drive up the price.

    The federal agency that oversees the oil market has already taken some steps to increase transparency. Lawmakers will be considering ways to go further, including rules making it harder for speculators to buy up large quantities of oil and limiting financial speculation in the oil market altogether.

  13. JohnKonop says:

    Offshore Drilling May Have Little Effect on Oil Prices

    All Things Considered, June 23, 2008 · President Bush is pushing offshore drilling as a way to increase production and cut oil prices. Robert Siegel talks to Henry Lee, director of the Environment and Natural Resources Program at Harvard University, who says offshore drilling may not have an immediate impact.

    Listen

  14. bb says:

    Great comeback John, a Harvard professor against oil drilling…imagine that.

    Your tag line on this thread — “This is a great Op-Ed all should read!”

    You tout this as a “great” op-ed, but do not agree with it????? Come on John, your liberalism is showing…again.

  15. JohnKonop says:

    Bart

    I ask again!

    What part of this do you disagree?

    NYT-Two years ago, President Bush declared that America was “addicted to oil,” and, by gosh, he was going to do something about it. Well, now he has. Now we have the new Bush energy plan: “Get more addicted to oil.”

    Actually, it’s more sophisticated than that: Get Saudi Arabia, our chief oil pusher, to up our dosage for a little while and bring down the oil price just enough so the renewable energy alternatives can’t totally take off. Then try to strong arm Congress into lifting the ban on drilling offshore and in the Arctic National Wildlife Refuge.

    It’s as if our addict-in-chief is saying to us: “C’mon guys, you know you want a little more of the good stuff. One more hit, baby. Just one more toke on the ole oil pipe. I promise, next year, we’ll all go straight. I’ll even put a wind turbine on my presidential library. But for now, give me one more pop from that drill, please, baby. Just one more transfusion of that sweet offshore crude.”

  16. bb says:

    #1 Post (I asked first) —

    John,

    Why do you support all the liberal, high regulation policies advocated by Tom Friedman in this op-ed?

    Did you change your mind since yesterday when you considered Friedman’s column to be “great, a must read!”?

  17. JohnKonop says:

    Do you not think the OP-ED did a great job defining the issue.

  18. bb says:

    John,

    I think one must agree with an op-ed to call it “great” and a “must read”.

    Everybody (except you) knows that you support big govt. policies like those touted in the Friedman column…let us know when you want to just admit it.

  19. David O'Rear says:

    SUVs are one of those great examples that prove Darwin was right.

    Stupid gas mileage.
    Stupid safety factors.
    Total lack of “intelligent design.”

  20. Bill says:

    Why don’t they just bust up some of these conglomerates. They’re controlled from the top with CEOs in bed with the politicians. And you would have to be a moron to not recognize these folks in the White House are part of the global oil club. ART-I-FI-CIAL-SCAR-CI-TY!!

  21. Sgt Mac says:

    Davey – Darwin was a fool. You’re living proof that evolution is a misnomer.

    Enjoy the rick-shaws.

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