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republicans block democratic efforts to lower the price of gasoline

http://www.bloomberg.com/apps/news?pid=20601110&sid=ax8ojGHFhKjY

Republicans Block Provision to Alter Strategic Oil Reserve Mix
By [bn:PRSN=1] Daniel Whitten []
July 24 (Bloomberg) -- The U.S. House defeated a Democratic proposal
to substitute heavy crude oil for light petroleum in the Strategic
Petroleum Reserve, after White House officials threatened a veto of
the measure.
The measure, at least the fourth energy bill to fail under suspension
of rules in the last month, would have directed that 10 percent of the
reserve be released into the market over six months and replaced with
heavier oil over a five-year period. Considering a bill under
suspension of House rules means that the bill needs a two-thirds
majority in order to pass.
``The Strategic Petroleum Reserve is an incredible weapon to be used
in order to protect the American consumer from being gouged at the
pump,'' said Massachusetts Democrat Edward Markey, the chief sponsor
of the measure on the House floor.
The bill, which failed 268-157, is one of a series of measures the
Democrats have brought up in an effort to address skyrocketing energy
prices. Both gasoline and oil have fallen off of records set earlier
this month. Crude oil futures touched a high of $147.27 a barrel on
July 11.
Republicans have argued that Democratic energy measures have ignored
what is really needed, domestic oil production. White House officials
today recommended President George W. Bush veto the measure.
The SPR was established as ``the nation>s energy insurance policy,''
White House spokeswoman Dana Perino said. ``We don>t think it should
be weighted for purposes to try to manipulate price. It hasn>t
worked.''
The Government Accountability Office has reported that filling 10
percent of the reserve with heavier crude, instead of light crude,
could save taxpayers $1.2 billion.
An Energy Department report last week advised cutting the supply of
light sour crude in the inventory by 70 million barrels, and
substituting that with heavy crude.
Currently the reserve holds 706 million barrels, or 35 days worth of
average U.S. oil consumption. The inventory includes 424 million
barrels of light sour crude and 282 million barrels of light sweet
crude, the department said.
To contact the reporter on this story: Daniel Whitten in Washington at
dwhitten2@bloomberg.net
Last Updated: July 24, 2008 14:49 EDT

Guest

On Jul 24, 6:04 pm, Democracy Highlander
<nospam_example_...@yahoo.com> wrote:
[quote]Vide...@tcq.net wrote:
The measure, at least the fourth energy bill to fail under suspension
of rules in the last month, would have directed that 10 percent of the
reserve be released into the market over six months

Why do democrats try to copy McCain with this idiotic effort ?
The reserve is there .... just in case of another Katrina or attack in
Middle East or stuff like that. It is NOT to play speculators games.

[/quote]
because no matter what they do, the cons block it. they have already
blocked the big stuff, now the democrats are trying to get them to
move on the small stuff. the real problem is the party of big
business, the CONS. once they are out of the way, we can do the big
stuff, as well as the small stuff.

Guest

Obamessiah Occult Train wrote:
[quote]Pelosi blocks vote on Bush request to lift ban on offshore oil drilling

Despite growing public support for ending the ban, even in California,
Democratic House Speaker Nancy Pelosi of San Francisco said she won>t allow
the immediate vote the president wants.

"I have no plans to do so," Pelosi said last week

[/quote]
Good, you fucking pansy fagots won>t hold OUR GOVERNMENT and BIG OIL
to do this for THE AMERICAN PEOPLE, for the benefit of THE AMERICAN
PEOPLE, so f ck off you worthless useless sniveling whiny
fucking fagot.

Democracy Highlander · Guest

Video61@tcq.net wrote:

[quote]The measure, at least the fourth energy bill to fail under suspension
of rules in the last month, would have directed that 10 percent of the
reserve be released into the market over six months
[/quote]

Why do democrats try to copy McCain with this idiotic effort ?
The reserve is there .... just in case of another Katrina or attack in
Middle East or stuff like that. It is NOT to play speculators games.

I already had a post on this issue. Democrats, have to stop this senseless
trash which is no better than McCain>s "holiday-tax" scam.

Here is my old post from last week:
===================================

Here Nancy Pelosi is absolutely wrong and (unbelievable but true) I have to
side with Bush on this position. Releasing oil from the reserve it is just
as stupid as McCain proposal of a gas "tax holiday".

Yes, I agree that a very important factor in current prices is the
speculation. And I agree that the speculators MAY be bent with an over
supply from the reserve.

But is a big MAY here. There is no way of knowing how much financial reserve
speculators have and there is a limit of how much oil can be released from
the reserve before national security is at risk.
Keeping in mind that speculators just cashed all the gains from housing
bubble and keeping in mind that they are just pulling money out of the
stock market as we speak (Dow drop), it is likely that speculators may
actually be more resilient than the government. And if they are capable to
keep speculating until we can not release anymore, then they win the war
and we just put ourselves at risk. Speculators win.

Even if speculators do not want to fight the government, they stop
speculating while we release the reserve. The gas prices will drop until we
can not release anymore then they climb back. Then in the future, we need to
replenish the reserve so we have to buy oil at higher prices and this will
help driving prices even higher. Speculators win big time.

So let be clear: WE CAN NOT FIGHT SPECULATORS WHILE PLAYING BY THEIR RULES.

It is idiotic to do so. Speculators must REGULATED, FINED AND TAXED TILL
THEY DROP not played with them, on their own game with their own rules.

[quote]Action is needed "to assist consumers and strengthen the economy," Pelosi
said.
[/quote]
Correct: " Action is needed to assist consumers and strengthen the economy"
not to enrich speculators and bring back SUVs.

Short term possible actions:
----------------------------

= whenever possible telecommuting must be performed as much is possible.
Harsh penalties for employers who outsource telecommuting-friendly jobs
forcing US workers to take jobs where telecommuting is not an option.

= whenever is possible 4 days week-work. Clear arguments must be provided
for not switching to 4/10. Have employers pick the tab for a half an hour
lunch break every day the workers are at work.

= put a sales tax on gas and give that money back as a tax break for
families. So, the guy driving a SUV will get the same tax rebate as the guy
driving a Prius but will pay more in taxes for gas. As a result, the gas
sippers will be encouraged.

Long term actions:
------------------

= Renewable energy. Biodiesel from Algae:

Â Â Â Â http://www.oilgae.com/

= Renewable energy. Solar energy and hydrogen cars

= Renewable energy. More investments in scientific research for fusion.

[quote]The threats to the economy and national security from high oil prices "are
the kind of circumstances ... in which utilization of the Strategic
Petroleum Reserve is more than justified," Pelosi wrote in the letter sent
late Tuesday.
[/quote]
That is pathetic, sounds like McCain>s "gas holiday".

[quote]Bush repeatedly has rejected calls to use oil from the government reserve,
which is 97 percent full and currently holds about 702 million barrels of
oil - enough to replace imports for two months.
[/quote]
I think this is the ONLY good decision Bush made in 8 years of presidency.
It was overdue anyhow.

--
The world of the future will be fully democratic or will not be at all.

Democracy Highlander

P.S.:
When I say "democratic", I use the word democratic coming from democracy not
from Democratic party. I am not connected in any way with Democratic party
and if they fail to do as promised and cut corporate corruption I have no
problem to turn on them and blog against them too.

Obamessiah Occult Train · Guest

Pelosi blocks vote on Bush request to lift ban on offshore oil drilling

Despite growing public support for ending the ban, even in California,
Democratic House Speaker Nancy Pelosi of San Francisco said she won>t allow
the immediate vote the president wants.

"I have no plans to do so," Pelosi said last week

http://www.sacbee.com/111/story/1095193.html

Guest

On Thu, 24 Jul 2008 19:29:03 -0400, "Obamessiah Occult
Train" <Cultists @Obama.org> wrote:

[quote]Pelosi blocks vote on Bush request to lift ban on offshore oil drilling
[/quote]
Good

Making oil companies a lot wealthier isn>t smart

Or did you actually think letting them drill and
deplete our resources was going to help us?

Deaf Power · Guest

On Thu, 24 Jul 2008 19:29:03 -0400, "Obamessiah Occult Train"
<Cultists @Obama.org> wrote:

[quote]Pelosi blocks vote on Bush request to lift ban on offshore oil drilling

Despite growing public support for ending the ban, even in California,
Democratic House Speak
[/quote]
Shut the f ck up you America hating traitor.

You want gas prices to go up cuz you favor oil companies over America.

You hate America.

[quote]er Nancy Pelosi of San Francisco said she won>t allow
the immediate vote the president wants.

"I have no plans to do so," Pelosi said last week

http://www.sacbee.com/111/story/1095193.html[/quote]

Guest

On Jul 24, 11:20 pm, Mani Deli <noth...@inter.com> wrote:
[quote]On Thu, 24 Jul 2008 15:47:43 -0700 (PDT), Vide...@tcq.net wrote:
republicans block democratic efforts to lower the price of gasoline
``The Strategic Petroleum Reserve is an incredible weapon to be used
in order to protect the American consumer from being gouged at the
pump,''

Don>t worry, Bush and his gang will release some just before the
election.
[/quote]
yep, you can see it going down real slow, so as to fool the gullible
like they did in 2004, and 2006.

Obamessiah Occult Train · Guest

<Nicklas@Click.com> wrote in message
news:tm5i849ue5tsfk0afheucvr6g42jrfttib@4ax.com...
[quote]On Thu, 24 Jul 2008 19:29:03 -0400, "Obamessiah Occult
Train" <Cultists @Obama.org> wrote:

Pelosi blocks vote on Bush request to lift ban on offshore oil drilling

Good

Making oil companies a lot wealthier isn>t smart
=================[/quote]

Fool! You think Oil companies get weathier when Gas is $ 2.00 a gallon
rather than $ 4.00 a gallon you fucking imbecile.

Obamessiah Occult Train · Guest

"Deaf Power" <deaf@power.com> wrote in message
news:an5i84dmmk0572a2pcfg0kh2i3ci576293@4ax.com...
[quote]
On Thu, 24 Jul 2008 19:29:03 -0400, "Obamessiah Occult Train"
Cultists @Obama.org> wrote:

Pelosi blocks vote on Bush request to lift ban on offshore oil drilling

Despite growing public support for ending the ban, even in California,
Democratic House Speak

I should Shut the f ck up since i am an America hating traitor.

[/quote]
===============

Good idea Skank maggot. Shut the f ck up !

Obamessiah Occult Train · Guest

<astroncer@yahoo.com> wrote in message
news:49b5ef91-650e-4f06-901e-3d5f0b81f94c@p31g2000prf.googlegroups.com...
[quote]

Obamessiah Occult Train wrote:
Pelosi blocks vote on Bush request to lift ban on offshore oil drilling

Despite growing public support for ending the ban, even in California,
Democratic House Speaker Nancy Pelosi of San Francisco said she won>t
allow
the immediate vote the president wants.

"I have no plans to do so," Pelosi said last week

Good, you fucking pansy fagots won>t hold OUR GOVERNMENT and BIG OIL
to do this for THE AMERICAN PEOPLE, for the benefit of THE AMERICAN
PEOPLE, so f ck off you worthless useless sniveling whiny
fucking fagot.
=========================[/quote]

Another faggot that can>t spell.

George Grapman · Guest

Obamessiah Occult Train wrote:
[quote]
astroncer@yahoo.com> wrote in message
news:49b5ef91-650e-4f06-901e-3d5f0b81f94c@p31g2000prf.googlegroups.com...

Obamessiah Occult Train wrote:
Pelosi blocks vote on Bush request to lift ban on offshore oil drilling

Despite growing public support for ending the ban, even in California,
Democratic House Speaker Nancy Pelosi of San Francisco said she won>t
allow
the immediate vote the president wants.

"I have no plans to do so," Pelosi said last week

Good, you fucking pansy fagots won>t hold OUR GOVERNMENT and BIG OIL
to do this for THE AMERICAN PEOPLE, for the benefit of THE AMERICAN
PEOPLE, so f ck off you worthless useless sniveling whiny
fucking fagot.
=========================

Another faggot that can>t spell.

This from babs who regularly misspells simple words like "the".[/quote]
Yesterday she called a poster "ignorant" and misspelled that word.

Mani Deli · Guest

On Thu, 24 Jul 2008 15:47:43 -0700 (PDT), Video61@tcq.net wrote:

[quote]republicans block democratic efforts to lower the price of gasoline

``The Strategic Petroleum Reserve is an incredible weapon to be used
in order to protect the American consumer from being gouged at the
pump,''
[/quote]
Don>t worry, Bush and his gang will release some just before the
election.

The Trucker · Guest

On Thu, 24 Jul 2008 19:29:03 -0400, Obamessiah Occult Train wrote:

[quote]Pelosi blocks vote on Bush request to lift ban on offshore oil drilling

Despite growing public support for ending the ban, even in California,
Democratic House Speaker Nancy Pelosi of San Francisco said she won>t allow
the immediate vote the president wants.

"I have no plans to do so," Pelosi said last week

http://www.sacbee.com/111/story/1095193.html
[/quote]
The increased drilling __**WILL NOT**__ have any effect on pump prices in
the near term.

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend

The Trucker · Guest

On Thu, 24 Jul 2008 19:04:56 -0400, Democracy Highlander wrote:

[quote]Video61@tcq.net wrote:

The measure, at least the fourth energy bill to fail under suspension
of rules in the last month, would have directed that 10 percent of the
reserve be released into the market over six months

Why do democrats try to copy McCain with this idiotic effort ?
[/quote]
This is not remotely similar to "McCain" crap and you are wrong
in your position.

[quote]The reserve is there .... just in case of another Katrina or attack in
Middle East or stuff like that. It is NOT to play speculators games.
[/quote]
We have a very serious economic problem in the here and now that is more
serious than the effects of Katrina.

[quote]I already had a post on this issue. Democrats, have to stop this senseless
trash which is no better than McCain>s "holiday-tax" scam.
[/quote]
You are simply wrong. The price of gasoline at present is a speculative
bubble and it needs to be popped. IMHO we need to be able to use the SPR
to control the price of oil and to drive it down to $80 a barrel where it
belongs. Any more oil from the SPR is an improper move. But the traders
need to know that they can no longer operate risk free. The amount needed
for the release is actually much less than the requested amount and only
enough to pop the bubble will be released. The __**THREAT**__ of the full
amount is all that is necessary.

[quote]Here is my old post from last week:
===================================

Here Nancy Pelosi is absolutely wrong and (unbelievable but true) I have to
side with Bush on this position. Releasing oil from the reserve it is just
as stupid as McCain proposal of a gas "tax holiday".
[/quote]
You were wrong then too.

[quote]Yes, I agree that a very important factor in current prices is the
speculation. And I agree that the speculators MAY be bent with an over
supply from the reserve.
[/quote]
They will get burned very badly and they will not be back anytime soon.

[quote]But is a big MAY here. There is no way of knowing how much financial reserve
speculators have and there is a limit of how much oil can be released from
the reserve before national security is at risk.
[/quote]
BZZZZZZZZZZZZZZZZZZZZZZZZZTTTTTTTTTTTTTTTT!!!!!!!!!!!!!!!!!!!
Take a look at the last 10 days with just a hint that some of the SPR
might come into play.

[quote]Keeping in mind that speculators just cashed all the gains from housing
bubble and keeping in mind that they are just pulling money out of the
stock market as we speak (Dow drop), it is likely that speculators may
actually be more resilient than the government. And if they are capable to
keep speculating until we can not release anymore, then they win the war
and we just put ourselves at risk. Speculators win.
[/quote]
The problem is that you actually believe that. You seem to forget that
government will never run out of money. Threat stage 2 is the Treasury
entering the futures market. Lets see the financial maggots suck on that
one.

[quote]Even if speculators do not want to fight the government, they stop
speculating while we release the reserve. The gas prices will drop until we
can not release anymore then they climb back.
[/quote]
No. The amount needed to pop this thing is actually quite small. The
THREAT of a sustained release is more than adequate.

[quote]Then in the future, we need to
replenish the reserve so we have to buy oil at higher prices and this will
help driving prices even higher. Speculators win big time.
[/quote]
We will not need to actually use the reserves to any great extent.

[quote]So let be clear: WE CAN NOT FIGHT SPECULATORS WHILE PLAYING BY THEIR RULES.
[/quote]
Let me be clear: That is __EXACTLY__ how you beat them.

[quote]It is idiotic to do so. Speculators must REGULATED, FINED AND TAXED TILL
THEY DROP not played with them, on their own game with their own rules.
[/quote]
Too late.

[quote]Action is needed "to assist consumers and strengthen the economy," Pelosi
said.

Correct: " Action is needed to assist consumers and strengthen the economy"
not to enrich speculators and bring back SUVs.
[/quote]
<<< Moonbat shit deleted >>>

Let>s roll.....

--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend


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