So lets get this straight. We have the resources within our own borders to power this country at its present rate of consumption for the next 50 years, but wont do it. So instead we rely on the Middle East for our oil... and then sue them when they jack prices up because India and Chinas demand has increased due to their emerging economies. Does this make any sense?

FUCKING DRILL ALREADY!

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The American people will never knowingly adopt Socialism. But under the name of liberalism they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.

Norman Thomas

Uh ha. That must have been in between the nigger posts and Icy trying to rally the next reich...

They are saving our reserves for the downslope, when the oil runs out. Not to mention that they are making a few bucks by importing the crude. The thing that they don't mention is that oil is a naturally occuring substance that will never run out. It's all a fucking con.

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"I did but teach the age to quit their cloggs By the plain rules of ancient Liberty, When lo! a barbarous noise surrounded me, Of owls and cuckoos, asses, apes and dogs." John Milton
The jews need to throw a holocaust, they owe us one.
http://zionistwatch.files.wordpress....ng-zionism.jpg

I here by rescind my objection to this bill. As was pointed out by Freddoso over at NRO today, the exact language of the 'NOPEC' bill is quite inclusive;

"It shall be illegal and a violation of this Act . . . 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."

If signed by the president, the bill will make drilling moratoriums in ANWAR illegal, subjecting the US Government to lawsuits by oil companies. In fact, there is a huge body of environmental regulation and legislation that will then become illegal.

Sign the bill Mr. President......chuckle


David Freddoso on NOPEC on National Review Online

I like those provisions, I wonder what the penalties are for infraction?

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"I did but teach the age to quit their cloggs By the plain rules of ancient Liberty, When lo! a barbarous noise surrounded me, Of owls and cuckoos, asses, apes and dogs." John Milton
The jews need to throw a holocaust, they owe us one.
http://zionistwatch.files.wordpress....ng-zionism.jpg

Hypothetical...

Ok, I am head of an oil company. I make gobs of money, so the price of gas is not an issue for me. The money I make is tied directly to the profits and performance of my company. My company is also very closely tied and partly owned by foreign concerns (as all oil companies are).

My company has dibs on drilling rights in several key domestic reserves. I finally get the go ahead to drill the ground into swiss cheese and we find there is more oil there than previously thought.

Do I...

a) sell the oil to Americans at $30 dollars a barrel and hope that they gorge themselves on the windfall and continue my company's profits through sheer volume of sales?

b) sell it on the open market and bank even more from the cost savings of drilling in my own back yard?

c) Sell some of it to the American gluttons at a discount to encourage more of them to put off public transportation infrastructure, by even bigger gas guzzling SUVs, and then revert back to selling it to them at $130 dollars a barrel?

You folks just don't get it. even if we could instantaneously transport every drop of crude we have domestically into huge tank farms, ready to be processed into fuel, fertilizer, plastics and the like... ABSOLUTELY NO COMPANY IN A FREE CAPITALIST SOCIETY WILL EVER SELL YOU OIL FOR LESS THAN IT IS WORTH ON THE OPEN MARKET.

Unless you are advocating nationalising the oil industry...

Morons...I hired morons. Nobody is going to rob us going down the mountain. We have no money going down the mountain. On the way up, then you can sweat. pffftt...Bingo.

These are the people led by Nancy Pelosi - what do you expect?

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Q:
How many liberals does it take to screw in a lightbulb?

A:
Liberals have outlawed lightbulbs!

this bill makes no sense. Who drew this up libs?

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Spell check cost extra so deal with it. Like I care

You left out one key element.

The increase in the oil supply will lower the cost of oil unless Democrats control Congress and US oil companies are being blamed for the cost of oil on the open markets.

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Victory in Iraq