Oil Profits

Gee, someone else out there gets it.

Mark Steyn: Your car can't run on Congress' hot air

I was watching the Big Oil execs testifying before Congress. That was my first mistake. If memory serves, there was lesbian mud wrestling over on Channel 137, and on the whole that's less rigged. Rep. Debbie Wasserman Schultz knew the routine: "I can't say that there is evidence that you are manipulating the price, but I believe that you probably are. So prove to me that you are not."

Had I been in the hapless oil man's expensive shoes, I'd have answered, "Hey, you first. I can't say that there is evidence that you're sleeping with barnyard animals, but I believe that you probably are. So prove to me that you are not. Whatever happened to the presumption of innocence and prima facie evidence, lady? Do I have to file a U.N. complaint in Geneva that the House of Representatives is in breach of the Universal Declaration of Human Rights?"

Another waste of taxpayer money going over the same thing they went over a few years ago. Libtard thinking, every time the price of gas goes up, it must be BIG OIL causing it,with their 8% profit margin.

Once the show with Oil Execs is going nowhere and is over, they come up with the brilliant idea of suing OPEC members (sovereign nations) over the use of their own commodity...because we want it.

and then they went off and passed 324-82 the so-called NOPEC bill. The NOPEC bill is, in effect, a suit against OPEC, which, if I recall correctly, stands for the Oil Price-Exploiting Club. "No War For Oil!," as the bumper stickers say. But a massive suit for oil – now that's the American way.

"It shall be illegal and a violation of this Act," declared the House of Representatives, "to limit the production or distribution of oil, natural gas, or any other petroleum product ... or to otherwise take any action in restraint of trade for oil, natural gas or any petroleum product when such action, combination, or collective action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price or distribution of oil, natural gas or other petroleum product in the United States."

I would assume that this law with penumbras and such, could be used to sue Fwance for limiting the import of Brie to the U.S. causing action, combination, or collective action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price or distribution of Brie, or other cheezy stuff in the United States."

After all Nancy Pelosi may have a fund raiser for re-election and she wouldn't want to have to serve any of that nasty California cheese.

Er, OK. But, before we start suing distant sheikhs in exotic lands for violating the NOPEC act, why don't we start by suing Congress? After all, who "limits the production or distribution of oil" right here in the United States by declaring that there'll be no drilling in the Gulf of Florida or the Arctic National Mosquito Refuge? As Rep. Wasserman Schultz herself told Neil Cavuto on Fox News, "We can't drill our way out of this problem."

No, we can't...but:

Well, maybe not. But maybe we could drill our way back to $3.25 a gallon. More to the point, if the House of Representatives has now declared it "illegal" for the government of Saudi Arabia to restrict oil production, why is it still legal for the government of the United States to restrict oil production? In fact, the government of the United States restricts pretty much every form of energy production other than the bizarre fetish du jour of federally mandated ethanol production.

But we're protecting "our" environment, and you guys live in a sandbox.

Nuclear energy?

Whoa, no, remember Three Mile Island? (OK, nobody does, but kids and anyone under late middle age, you can look it up in your grandparents' school books.)

We have been operating a nuclear navy for decades now without mishap. I have a brother-in-law who would have loved to come out of the Navy, after running the reactor for 10 years and gone into a civilian job doint the same thing.

Coal?

Whoa, no, man, there go our carbon credits.

OK, how about if we all go back to the Atchison, Topeka and the Santa Fe, and start criss-crossing the country on wood-fired trains?

Are you nuts? Think of the clear-cutting. We can't have logging in environmentally sensitive areas such as forests.

Coal has progressed to where the technology is much, much cleaner than the old smoke belching stacks of the '50's, but future advances are limited when using it for a fuel source is just ruled out.

Rep. Wasserman Schultz believes in "alternative energy," which means not nuclear (like the French) but solar and wind power. At the moment, solar energy accounts for approximately 0.1 percent of U.S. electricity production, most of which is for devices that heat swimming pools. So if there was a tenfold increase in swimming pool construction you might be able to get it up to 1 percent, but the only way all those homeowners would be able to afford to build their new swimming pools is through the kinds of economic activity that depend on oil, gas and other forms of federally prohibited energy.

Concentrating solar rays in an area enough to produce meaningful energy, gee, I duuno, might cause an unnatural increase in the temperature in the surrounding area, thereby making it to hot for the two-tongued horny-toad to survive. (No one has seen a two-tongued horny-toad in over 60 years, but they could be out there and we wouldn't want to kill one.)

So, instead, Congress hauls Big Oil execs in for the dinner-theatre version of a Soviet show trial and then passes irrelevant poseur legislation like the NOPEC bill. The NOPEC bill is really the NO PECS bill – a waste of photocopier paper passed by what C.S. Lewis called "men without chests."

But, they did something, right?

The New Yorker ran a big piece the other day called "The Fall Of Conservatism." Indeed. This November isn't going to be pleasant for those of us of a right-wing bent. Many conservative voices in the media say: This is the way it is, get used to it. Voters want the government to "fix" health care and "fix" gas prices and "fix" the environment and, if all you're offering is the virtues of small government, you too sound small – and mean and uncaring about the real issues in real people's real lives. Standing athwart history yelling "Stop!" was a cute line from William F. Buckley, but it's not a practical position for a political party that wishes to stay in business. "The fact of change is the great fact of human life," writes my National Review colleague David Frum in "Comeback," his thoughtful critique of the conservative movement.

Frum is right. Change is a constant. You're a big railroad baron,and things are going swell, and then someone invents the horseless carriage and a big metal bird that holds hundreds of people and you never saw it coming – because you thought you were in the train business rather than in the transportation business. That kind of change is the great exhilarating rhythm of American life. [emp. mine]

Our countries past ability to glimpse around the next corner, that seem to be missing today.

But government "change," Obama change, NOPEC change is nothing to do with that. In fact, it obstructs real dynamic change. On energy, on environmentalism, on health care, government "change" generally does nothing more than set in motion the next crisis that the next change-peddling pol has to pledge to address.

So we complain about $4-a-gallon gas, and our leaders respond with showboating legislation like NOPEC and feel-good environmental regulatory overkill like putting the polar bear on the endangered-species list, while ensuring that we'll continue to bankroll every radical mosque and madrassah on the planet. In Britain, new "green taxes" do nothing to "save" the planet, but they are estimated to cost the average family about $6,000 a year. That's change you can believe in.

We refuse to recognize what needs to be done, try to push the blame off on others (NOPEC, the hearings) and continue to dig ourselves in deeper.

One final note: The Big Oil companies are not setting the price of a barrel of crude, they are having to pay that price, because if they don't, some other country will and we lose.