June 18, 2008
Oh, yeah. That's a fantastic idea. Witness the economic genius, in particular, of Maurice Hinchey (D-Hugo Chavez):House Democrats responded to President's Bush's call for Congress to lift the moratorium on offshore drilling. This was at an on-camera press conference fed back live.
Among other things, the Democrats called for the government to own refineries so it could better control the flow of the oil supply.
We (the government) should own the refineries. Then we can control how much gets out into the market.With these people in charge, we are well and truly fucked. Way to go, "permanent GOP majority."
(Via Drudge.)
Posted by: Sean M. at
07:51 PM
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Post contains 112 words, total size 1 kb.
Posted by: doubleplusundead at June 18, 2008 08:03 PM (bEOD6)
Posted by: Sean M. at June 18, 2008 08:05 PM (e6v7s)
Posted by: doubleplusundead at June 18, 2008 08:10 PM (bEOD6)
Posted by: alexthechick at June 18, 2008 08:50 PM (xdMzB)
Here, wash your mind out with some Ronnie Raygun quotes.
'Of the four wars in my lifetime, none came about because the U.S. Was too strong.'
Posted by: Veeshir at June 19, 2008 11:15 AM (ThMnZ)
There are only a limited number of existing aging refineries in the US. So every time one has a fire (like a few weeks ago) or demand goes up the supply get tighter to the public, but the price paid for the crude stays the same.
Second: Limited and aging refineries are now in the realm of national security.
Third: Every time someone mentioned federal regulation or corrections the right wing screamed.
Well what do you want?
If the oil companies had the sense that there would be open competition then they might change the game and invest in the infrastructure, but since regulation seems socialist too then the oil companies just limit the size of the spigot and you get prices higher then the actual raw supply suggests.
You want free market then sometimes you have to interject into the system a correction because the oil companies see no reason to improve the means of refining and delivery.
Posted by: muffler at June 19, 2008 12:57 PM (DZmDA)
Secondly, you talk about there being "only a limited number of existing aging refineries in the US." Well, no shit, Sherlock! But I can damn well guarantee you that it wasn't the oil companies or people on the right who were screaming "Not In My Back Yard!" every time a new one was proposed. Nope, that clusterfuck was caused by people like you and Hinchey.
Finally, you write "Every time someone mentioned federal regulation or corrections the right wing screamed." You're damn right, though I don't see your point. You seem to think that the government owning new oil refineries will amount to "open competition." What the fuck are you smoking, son? Because it must be some good shit. But you might want to put down the bong and read a little bit about economics.
Posted by: Sean M. at June 19, 2008 01:55 PM (e6v7s)
Posted by: muffler at June 19, 2008 03:42 PM (hmHqH)
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