Showing posts with label Big Oil. Show all posts

4/27/2012

Pelosi Opens Her Pie Hole And Crap Falls Out...Again

Posted by Brian

She's one of the most vile, despicable persons to ever step foot into Washington, yet the deviants in San Francisco continue to reelect her time and again.

The woman who arrogantly said of the Health Care bill, "We have to pass it so you can find out what's in it", steps before the mics again to lay out lie after lie to a sympathetic press pool. So in the tank for the Democrats, not even the slightest thought occurs to them to fact check what comes out of the mouth of the Pelosi, Reid, and Obama in Washington. They dutifully run from the mics, and parrot the words of these charlatans. They have zero intellectual curiosity to research if what they claim is true, no matter how outrageous the claim or accusation.

Right off the top, Pelosi goes to a favorite leftist accusation. The GOP want to give subsidies to "Big Oil", and destroy women's access to health care. Yes, the "eeevil" oil companies. The suppliers of that product which gets us to work everyday, and heats our homes, and provides lubrication for our machinery, The product which provides the following:

Clothing Ink
Heart Valves
Crayons
Parachutes
Telephones
Enamel
Transparent tape
Antiseptics
Vacuum bottles
Deodorant
Pantyhose
Rubbing Alcohol
Carpets
Just to name a few. (Here's a more comprehensive list)

But, how about those subsidies? An article by Gary Hufbauer in the Washington Times exposes this to be false. The Democrats' throw around the word 'subsidy', but what the oil companies get is the same tax deductions as every other company. Subsidy insinuates that the government is giving money to the oil companies, which is not happening. But to a leftist like Pelosi, all money belongs to the government. How much they let us keep is up to them. So, following her twisted logic, any deduction that you are able to claim on your taxes is a "subsidy". YOU should be thanking HER for letting you keep the fruits of your labor.

One of the tax deductions that the oil companies receive is a 2% deduction on refining and production, which is to help keep jobs in the United States. With Democrats bemoaning the "outsourcing" of jobs to other countries, you would think that they would be cheerleaders for this deduction. They don't, because this isn't about jobs. It's not even about oil. Nor is it about "women's health" or a fictional "war on women. They demonize "Big Oil" because they are an easy target. They make a lot of money, (though not what the Dems claim), and they provide the perfect foil to promote their class warfare agenda. It's about power. It's about subjugation of the voters. Create straw men, no matter how ridiculous ( Obama's alligators in a moat comes to mind), convince the weak-minded to willingly give up more and more of their liberty in return for the table scraps that Pelosi, and the leftists in Congress and the White House, decide they deserve.

This is going to be a HUGE election, and we are going to see and hear more and more of this kind of insulting and infuriating rhetoric between now and November. The American people should take great umbrage that Nancy Pelosi, Barack Obama, and scores of others in Washington and the State houses look at us a stupid, malleable dupes. We can send them a message by sending their asses home in shame on November 6th.

Pelosi: GOP Wants ‘Subsidies for Big Oil,’ Democrats Want to ‘Prevent Breast Cancer’

By Elizabeth Harrington April 26, 2012

(CNSNews.com) -- House Minority Leader Nancy Pelosi (D-Calif.) said women’s health care is the “old favorite target” of Republicans when it comes to budget cuts, adding that while the GOP wants “to protect subsidies for big oil,” Democrats want to “prevent breast cancer” and “immunize our children.”

4/17/2012

Obama Channels Hugo Chavez, Attempts First Step of Federal Takeover Of Oil Markets

Posted by Brian

Barack Obama, vulnerable on the high price of gas in this election season, is urging Congress to increase penalties and put a basement on how much speculators are required to trade in the oil market.

Ignoring that high prices have been directly affected by his own policies, the drilling moratorium in the Gulf and off the coasts, the blocking of the Keystone XL pipeline, blocking all new drilling permits on federal land, EPA regulations which are devastating the coal industry, King Barry is now putting up roadblocks to those who invest in the oil markets.

Common sense says that this will hamper investment and create even less production, resulting in higher prices at the pump, furthering his and Stephen Chu's goal of European-like gas prices at $10 a gallon. At this, Obama will demonize the Big Oil even more, calling for greater oversight of the industry, with his ultimate goal being a Hugo Chavez-like takeover of the oil industry.

For Obama, if it looks like Hugo Chavez, smells like Hugo Chavez, and governs like Hugo Chavez, it must be a Marxist.

Obama pitchs $52M plan to regulate oil markets

Published April 17, 2012 Associated Press

WASHINGTON – Under pressure to take action on rising gasoline prices, President Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.

"Congress should do all of this right away," the president said Tuesday during a White House speech in the Rose Garden.

1/20/2012

Marxism On Parade: Dems Propose Confiscating "Excess" Profits From Oil Companies

Posted by Brian
In a move that would make Hugo Chavez and Karl Marx proud, a handful of Democrats are attempting to pass legislation that would set up a central committee to monitor profits from gas companies. If they determine that a gas company has made too much profit they would apply a tax of up to 100% of that which they consider excessive. What is considered "reasonable" or "excessive" is not defined.
Folks, this is right out of the playbook of every communist dictator and despot throughout history.

Dems propose 'Reasonable Profits Board' to regulate oil company profits

By Pete Kasperowicz - 01/19/12 10:20 AM ET

Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a "Reasonable Profits Board" to control gas profits.

The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.

The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress

9/19/2011

The Great Bird Slaughter - 440K Birds Killed By "Green" Wind Turbines in 2009

Does it make a difference how a bird dies? In the eyes of the federal government it does. Apparently, if it is killed by an "earth-friendly" wind turbine, there is no foul. But, if it the bird is killed by that insidious stuff called oil, it lands you a huge fine.
Maybe the Fish & Wildlife service can explain what "acceptable losses" are in the war on climate change and Big Oil.

So, what’s the life of a bird worth? If you’re Big Oil it can range from $7,000 to $20,000 per bird. Yet, if you’re wind energy, it costs nothing

Golden Eagle at Altamont Pass, CA

Bird Death Fines Depend On Who Kills The Birds - Jack Dini Monday, September 19, 2011 Oil companies face heavy fines: Wind farms get a free pass

Seven oil companies have recently been charged in federal court with killing migratory birds that died after allegedly landing in oil waste pits in western North Dakota. The charges involve 28 dead birds that were discovered in oil waste pits between May 6 and June 20. The maximum penalty for each charge under the Migratory Bird Act is six months in prison and a $15,000 fine. (1)

There’s more: In July 2009, Pacificorp agreed to pay $10.5 million in fines, restitution and equipment upgrade costs for the deaths of at least 232 golden eagles, 46 hawks, 50 owls and nearly 200 other birds that had been electrocuted in Wyoming since January 2007. The cost per bird computes to a little less than $20,000. (2) “On August 13, 2009, ExxonMobil pled guilty in federal court to charges that it killed 85 birds—all of which were protected under the Migratory Bird Act. The company agreed to pay $600,000 in fines and fees for the bird kills, which occurred after the animals came in contact with hydrocarbons in uncovered tanks and waste water facilities on company properties located in five western states,” reports Robert Bryce. Each bird kill cost the company over $7,000. (3)
Read More at Canada Free Press

Posted by Brian

5/26/2011

"Big Oil" Profits Average 5.7 Cents On The Dollar

Posted by Brian
"Big Oil" vs "Big Bureaucracy"
When politicians and their standard bearers, the mainstream media, speak of "obscene" profits by the oil industry they invariably frame their argument in terms of dollars. Lots of dollars. Billions of dollars. But, as a percentage of gross income, how much do the oil companies actually take in? For that matter, how much does the federal government take in from the same gallon of gasoline?
Liberal Democrats (which is virtually all Democrats, anymore), the media, and RINO Republicans love to trot out quarterly earnings statements from the oil companies to "prove" how much the "eeevil" oil barons are screwing you. But the fact is this: Oil companies make far less, as a percentage of gross, than most other industries. The take in a lot of dollars because they are multi-national companies which do business all over the world. And, the sell a lot of their product. But their total margin at the end of the day is only 5.7 cents for every dollar of gas pumped - or 22.8 cents at $4 a gallon. Compare that to the 56 cents that the federal government confiscates from each gallon sold, of which they have zero impact in getting the fuel into your gas tank. The government does NOT: find the oil, drill for the oil, pay for the oil, ship the oil, refine the oil, or deliver the gas to market. It does Zip. Zero, Nada. Yet the federal government collects 14% off the top in excise taxes alone. This does not include state or federal sales taxes. The only thing that government contributes is higher prices through taxes, and a bureaucratic minefield of insane regulations on where to drill, when to drill, how much who can drill and God knows what else. Add to this the fact that the government and environmental groups have stood in the way of companies building any new oil refineries since the 1970's, creating a virtual cap on the amount of gas that can be refined, artificially affecting the supply component of supply and demand.
Finally, the big oil executives do not own the oil companies. This is the impression that those in the media and grandstanding politicians want the public to believe. They bring the CEO's before Congress to grill them in hearings (media circus's to allow politicians to show us how much they "care"), and hold investigations into price gouging by the oil companies (which in every instance has exonerated the oil companies). The truth is that the public own the vast majority of the oil companies, through 4011K's, mutual funds and individual stock investors.
If you are upset with high gas prices, maybe it's time to get upset with "Big Bureaucracy".

Who Owns ‘Big Oil'? Not Who You Think
Thursday, May 26, 2011

By Penny Starr

(CNSNews.com) -- Armed with a Power Point presentation to illustrate the state of American energy, John Felmy, chief economist at the American Petroleum Institute (API), said the majority of “big oil” and natural gas ownership is in good hands – the hands of the American people.

According to a report published in 2007 by Sonecon, an economic advisory firm that analyses U.S. markets and public policy, corporate management owns only 1.5 percent of the U.S. oil and natural gas industry.
READ MORE HERE---> http://www.cnsnews.com/news/article/who-owns-big-oil-millions-american-inves