To watch credibility, one must have creditability and in Kens case that is a dubious proposition at best:
MRFred: “And no one said oil companies will lose their profits.”
Here's a recent exchange between Maxine Waters (D, CA) and the CEO of Shell Oil. Maurice Hinchey (D, NY) says we should nationalize the refineries.
What I sad was
And no one said oil companies will lose their profits.We just don't need to give away the farm...like the Rethugs propose, holding the lower gasoline price carrot in front of our faces.
As far as Maxine Waters goes, good for her..thats one opinion, highly unlikely, as you well know , much like another extremist position, I'm sure you will recognize it
It’s time to quit your lying and bullshitting you old fool. This is about getting Democrats the hell out of the way and allowing oil companies to drill, EVERYWHERE!! Shut the fuck up about your environmentally sensitive icebergs and your pristine rockies and your endangered brine shrimp. Kne TX
Of course I'm sure all Americans want oil wells everywhere.
MRFred: “Why should we sign over our offshore reserves to the big oil companies for a few campaign contributions.”
Government contracts can be written to give one of every four barrels produced to the government, or payment in kind.
Thats true..they can be written...but in a Republican world they wont be...another set of sweet deals. The Republicans simply don't collect the money or conveniently forget about it...
The Interior Department’s program to collect billions of dollars annually from oil and gas companies that drill on federal lands is troubled by mismanagement, ethical lapses and fears of retaliation against whistle-blowers, the department’s chief independent investigator has concluded.
Prepared by the Interior Department’s inspector general, Earl E. Devaney, the report said that investigators found a “profound failure” in the agency’s technology for monitoring oil and gas payments.
It suggested that the agency was too cozy with oil companies and that internal critics had good reason to fear punishment.
“It demonstrates a Band-Aid approach to holding together one of the federal government’s largest revenue-producing operations,” Mr. Devaney concluded.
Now to distort a thought one must take every thing out of context their entire passage explains the opinion better than Kens distortion:
And no one said oil companies will lose their profits.We just don't need to give away the farm...like the Rethugs propose, holding the lower gasoline price carrot in front of our faces.
Thats what they want...why should we sign over our offshore reserves to the big oil companies for a few campaign contributions.
No, if we are going to open up offshore reserves, it should be for domestic consumption only...not dumped into the big oil pool to be sold to speculators and China.
Now, for some Ken credibility checks
If the U.S. is paying a very high price for oil, why would a producer ship oil produced off the Mississippi Gulf Coast all the way to China, when they could sell it to the Chevron refinery in Pascagoula?
Easy, So they can get an even higher price from China. Much like the big oil companies are doing now, attempting push trough a pipeline to the west coast of the US from Alberta so they can ship oil sand products to China bypassing the US, who is the customer of choice , for now. Also, these are global corporations, not Americana companies...they have no loyalty or interest in solving our energy problem. Just profits.
by
MRFred on
07/16/2008 07:41:22 AM EST
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