Oil Prices, please hit me again, harder

Posted on February 22nd, 2008 by ecthompson

keefe crude oil prices Oil Prices, please hit me again, harder

It can not be a coincidence that Oil companies are raking in profits by the tanker and both George W. Bush and Dick Cheney are oil men. So, as prices at the pump surge, what are we to do? Well, we can keep handing our paychecks to the oil companies who have made over 1/2 a trillion dollars in profit since 2001 (a half a TRILLION), we can pressure our congressmen to fight back. The oil tax breaks that are killing our economy need to be rescinded. Secondly, we have to look push for renewable energy. We need more legislation like HR. 5351. Finally, we need to get over the I’m not sure that this or that is clean enough. We need to get started. We can sort out what is working and what isn’t once we pass GO!

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From AP:

Gas prices jumped Friday to their highest level since June, a possible preview of what many analysts believe will be a record spike in pump prices this spring.

But the current price surge could be short-lived. While gasoline has risen sharply in recent days in response to oil’s dramatic climb to a new record above $101 a barrel, gas supplies have quietly grown to their highest level in 14 years.  (more…)

Tags: Big Oil, Bush Administration // View Comments

  • ecthompson
    preach brother. preach!
  • ecthompson
    preach brother. preach!
  • Ryan Bergen
    Wow, Lynn Sullivan.... you should be shot for that first section of BS you threw at us! You throw thousands, or billions into....WHO THE HECK CARES!!! Why don't you instead of giving money out here and there, just take it out of the prices you're charging US!

    Then we will all have more money, and guess what...that charity and orginization will still get donations....because when citizens are left with money enough to feel secure, they give! It's just human nature.....

    I don't think there is any excuse that ANYONE within the oil companies can give that will explain why within 4 months in canada.... we had a fluctuation of over 80 cents at the pump (Per liter), when I noticed the oil prices per barrel...had stayed steady! So who got that influx of cash?

    The oil companies, and government are so freaking flawed already that we need a revolution. Democracy works when it's not a popularity contest. Just look at Obama, how many of his promisses is he actually keeping? He is SENDING more troops into afganistan, instead of pulling 200,000 out. He is AGAINST marijuana legalization now, however during the election, he preached about "Inadiquit Marijuana Laws..."

    He pulled the whool over all of the US.... I can actually laugh when I think of that.... because I'm sorry, since he was elected.... nothing has changed. (Wait...the DEA DID stop raids on legal marijuana dispenseries......since those raids were illegal in the end anyways....YAY!!! LETS ALL PRAISE HIM FOR DOING ONE THING...ONE!)

    He is a faillure of a president, and only has his skin color working for him at this point!


    NOTE: ANything within this post is purely my opinion, based out of facts gleaned over the past. Real life situations, and new reports.
  • Ryan Bergen
    Wow, Lynn Sullivan.... you should be shot for that first section of BS you threw at us! You throw thousands, or billions into....WHO THE HECK CARES!!! Why don't you instead of giving money out here and there, just take it out of the prices you're charging US!

    Then we will all have more money, and guess what...that charity and orginization will still get donations....because when citizens are left with money enough to feel secure, they give! It's just human nature.....

    I don't think there is any excuse that ANYONE within the oil companies can give that will explain why within 4 months in canada.... we had a fluctuation of over 80 cents at the pump (Per liter), when I noticed the oil prices per barrel...had stayed steady! So who got that influx of cash?

    The oil companies, and government are so freaking flawed already that we need a revolution. Democracy works when it's not a popularity contest. Just look at Obama, how many of his promisses is he actually keeping? He is SENDING more troops into afganistan, instead of pulling 200,000 out. He is AGAINST marijuana legalization now, however during the election, he preached about "Inadiquit Marijuana Laws..."

    He pulled the whool over all of the US.... I can actually laugh when I think of that.... because I'm sorry, since he was elected.... nothing has changed. (Wait...the DEA DID stop raids on legal marijuana dispenseries......since those raids were illegal in the end anyways....YAY!!! LETS ALL PRAISE HIM FOR DOING ONE THING...ONE!)

    He is a faillure of a president, and only has his skin color working for him at this point!


    NOTE: ANything within this post is purely my opinion, based out of facts gleaned over the past. Real life situations, and new reports.
  • Terry Horne
    how can anyone dispute this fact:

    when bush and cheney went in to office i was paying below one dollar per gallon of regular unleaded gasoline. the price is now 3.20 per gallon. between the banks who scraped the cream off the top of the home mortgages and left millions with no home equity... and the oil companiies left to run amuk over the ordinary citizens, the bush/cheney combo has stripped the citizenry of trillions and funneled it into the coffers of the very rich.

    that is fact.... and should be criminal
  • Terry Horne
    how can anyone dispute this fact:

    when bush and cheney went in to office i was paying below one dollar per gallon of regular unleaded gasoline. the price is now 3.20 per gallon. between the banks who scraped the cream off the top of the home mortgages and left millions with no home equity... and the oil companiies left to run amuk over the ordinary citizens, the bush/cheney combo has stripped the citizenry of trillions and funneled it into the coffers of the very rich.

    that is fact.... and should be criminal
  • Lynn Sullivan
    So that I am not miss quoting:

    Denial of section 199 benefits for certain major integrated oil companies (freeze current
    law section 199 benefits at 6% for oil and natural gas production income of other
    taxpayers).

    "Denial of section 199 benefits for certain major integrated oil companies" refers to whom? What is the list of "certain major integrated oil companies?"

    I work for a medium sized "fossil fuel polluter" and I am here to tell you that we are not the bad guys. We donate countless hours mentoring school children, donating funds for many, many, many support organizations and charities, and not only do we actively participate in environmental projects worldwide, we show an achievement of goals far above the environmental regulations. -- but enough of defending the "dragons."

    The second part of that amendment, "freeze current
    law section 199 benefits at 6% for oil and natural gas production income of other
    taxpayers." Alot of those taxpayers are the "little people." I know several widows who supplement their social security with those funds. So if their little pittance is frozen at 6%, what kind of financial support is that? Based on financial planning advise, if you do not get an increase of 3% on your investment in a year, you are losing money because of inflation. So what do you propose they do? Social Security is dwindling away and our retired can not support themselves. Those of us who will be retiring soon, will probably not see any SS and all we have are our investments, of which some are linked to oil and gas production.

    People please! Instead of chewing off a paw to get way, open the trap. When are we going to take care of our county? How many foreign countries stepped forward to help us with Katrina and how did it compare to what we do for them? I want to know what would happen if the US took a one year leave of fiancial absence abroad to repair our own budget -- just one year!
  • Lynn Sullivan
    So that I am not miss quoting:

    Denial of section 199 benefits for certain major integrated oil companies (freeze current
    law section 199 benefits at 6% for oil and natural gas production income of other
    taxpayers).

    "Denial of section 199 benefits for certain major integrated oil companies" refers to whom? What is the list of "certain major integrated oil companies?"

    I work for a medium sized "fossil fuel polluter" and I am here to tell you that we are not the bad guys. We donate countless hours mentoring school children, donating funds for many, many, many support organizations and charities, and not only do we actively participate in environmental projects worldwide, we show an achievement of goals far above the environmental regulations. -- but enough of defending the "dragons."

    The second part of that amendment, "freeze current
    law section 199 benefits at 6% for oil and natural gas production income of other
    taxpayers." Alot of those taxpayers are the "little people." I know several widows who supplement their social security with those funds. So if their little pittance is frozen at 6%, what kind of financial support is that? Based on financial planning advise, if you do not get an increase of 3% on your investment in a year, you are losing money because of inflation. So what do you propose they do? Social Security is dwindling away and our retired can not support themselves. Those of us who will be retiring soon, will probably not see any SS and all we have are our investments, of which some are linked to oil and gas production.

    People please! Instead of chewing off a paw to get way, open the trap. When are we going to take care of our county? How many foreign countries stepped forward to help us with Katrina and how did it compare to what we do for them? I want to know what would happen if the US took a one year leave of fiancial absence abroad to repair our own budget -- just one year!
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