Bush to Congress: Embrace energy exploration now

WASHINGTON - With gasoline topping $4 a gallon, President Bush urged Congress on Wednesday to lift its long-standing ban on offshore oil and gas drilling, saying the United States needs to increase its energy production. Democrats quickly rejected the idea.

“There is no excuse for delay,” the president said in a statement in the Rose Garden. With the presidential election just months away, Bush made a pointed attack on Democrats, accusing them of obstructing his energy proposals and blaming them for high gasoline costs. His proposal echoed a call by Republican presidential candidate John McCain to open the Continental Shelf for exploration.

Congressional Democrats were quick to reject the push for lifting the drilling moratorium, saying oil companies already have 68 million acres offshore waters under lease that are not being developed. MUCH MORE

Several countries have become aware that there really isn’t a shortage of oil, but that “oil speculators” are driving up the costs, and as usual, the elitists and wealthy brokers are again wreaking havoc on our economy as the Bush administration is allowing their wealthy cronies and corporate America to rob and plunder America’s wealth with little or no oversight - and the President, true to form, is attempting to place blame everywhere but where it should be- evidence that it’s the White House that is enabling the rape of America!

Congress wary of oil-market speculation

After a failed effort to boost taxes on oil companies, lawmakers turn attention to role of speculators in driving up oil prices.

Washington - As energy prices soar, Congress is under the gun to find a way out for American consumers – or, failing that, someone to blame: Big Oil, speculators, or the other political party.

Oil companies dodged a bullet in the Senate this week, as Republicans blocked an energy bill that would have imposed a windfall profits tax on them and ended billions in tax breaks. But Democrats, who control both the House and Senate, plan to bring the issue up again, even as bipartisan scrutiny shifts to the role of speculators in contributing to sticker shock at the pump.

The Senate bill, which fell nine votes short on a procedural vote, proposed a 25 percent windfall profits tax for companies that made more than 10 percent above a past average. It also would have created an Energy Independence and Security Trust Fund – and used the $17 billion in discontinued Big Oil tax breaks to fund it. MUCH MORE

Don’t forget, even the oil companies are stating there’s no shortage of oil, which I mentioned in “The Gas Shortage Is Being Manufactured By Greed And Politics.” This is an excerpt from that article, and we all have to compliment Businessweek for telling the truth, which is a break from a complicit Mainstream News Media that chooses to knuckle under to the White House’s propaganda machine rather than printing the truth, or what used to be called “news.”

1. There Is No Shortage

Gasoline reserves on hand are at the highest levels since the early 1990s, which is remarkable considering the nation’s refineries have been cutting back on the production of gasoline because their margins have declined. In fact, average gasoline reserves on hand have risen since this past October, while oil reserves in this country have gone up virtually every week this year—and only fog in the Houston Ship Channel that kept oil tankers from unloading their crude one week kept it from being every week. MUCH MORE

For those in Congress who don’t believe impeachment has its merits, every time you fill up your gas tank and understand it’s more of the wealthy robbing the Average American, remember to pick-up that phone and call your Congressional Representatives again and again, until they finally get the message that as a nation, we’re tired of the Bush administration and his cronies robbing the American public blind! If they don’t impeach, they are all complicit in the robbery and plunder of what used to be the wealthiest nation on earth, and for that, none of them deserve to be re-elected except the few that do support the immediate impeachment of Bush and Cheney!

William Cormier

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