Tuesday, April 1, 2008

Make Gas Cheap, Wait Expensive, No Cheap, Or Else

A congressional committee grilled US oil executives today about the supposedly high price of gasoline.

On April Fool's Day, the biggest joke of all is being played on American families by Big Oil," Rep. Edward Markey, D-Mass., said as his committee began hearing from the oil company executives.

With motorists paying a national average of $3.29 a gallon at the pump and global oil prices remaining above $100 a barrel, the executives were hard pressed by lawmakers to defend their profits.

"The anger level is rising significantly," said Rep. Emanuel Cleaver, D-Mo., relating what he had heard in his district during the recent two-week congressional recess.


Yet, in a recent post , I quoted democratic congressman, John Dingell, who was proposing a 50 cent gasoline tax to reduce American consumption allegedly to stem the ever dreaded carbon emissions! So, apparently here is the message from the US government to the oil industry which echoes my previous post Probe of Probes:

* We want cheap gasoline
* But, we want gasoline to be more expensive so people don't buy as much and create "global warming"
* We want cheap gasoline
* But, we want to continue to pass legislation and directives that create uncertainty over bio-fuels and delays or prevents the construction of new refineries
* We want cheap gasoline
* But, we don't want you to put up new refineries or expand existing refineries because that will hurt the environment
* We want cheap gasoline
* But, we will continue the current federal gas tax on gasoline
* We want cheap gasoline
* But, we want to inflate the money supply to fund our deficits, bail out banks, and create the illusion of prosperity even though it will dramatically increase the price of everything including gasoline and the fact that gold and every other commodity has nearly tripled in the last few years should have nothing to do with the price of crude oil
* We want cheap gasoline
* But, we will not let you drill in North America or in the ocean because that will hurt the environment so instead you must import raw crude from corrupt and dangerous foreign countries which use the money to fund radicals who terrorize us so that we have to spend money and lives to fight against them and, oh, if they nationalize your investment and property we will do nothing, so good luck
* We want cheap gasoline
* But, we will not allow roads or rail to be privatized nor will we increase the amount of roads thus increasing demand for gasoline as people sit idled in traffic and at inefficient government stop lights
* We want cheap gasoline
* But, instead of spending your profits on more exploration we want you to spend it on alternative energy projects like wind and solar thus reducing your expenditures on creating a greater supply of gasoline
* We want cheap gasoline
* But we will continue to impose tariffs on imported gasoline
* We want cheap gasoline
* But we will continue to tax every aspect of the production process
* We want cheap gasoline
* But, if its too cheap and you start losing money and your share price plummets, then we will prosecute you for "defrauding" shareholders and endorse class action lawsuits against you for fraud, negligence, and not performing your fiduciary duty to your investors
* "SO, CHEAP or EXPENSIVE GASOLINE, NOW, OR ELSE!"

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