oldfolkdancer

The Economics of Political Spin

Fitz - it's not Bush and Cheney that want to keep enriching the Saudi's. It's the Environmentalists that are forcing the oil producers to make deals with unfriendly countries. As a Conoco shareholder you probably know the hit the company took when Chavez nullified Venezuela's agreements with them. The only reason we are getting some (not all) oil out of the USA land is that some companies are going back to old fields (where the enviros can't make a fuss) and using new technology to extract crude. In the 70's we got some price relief from Mexican oil. Now some pressure is relieved because of friendly Canada. Isn't Brazil lucky with Petrobras and their recent finds. A cooperative Brazilian government helped a lot tho.

The Economics of Political Spin

Fitz - Bush and Cheney didn't create an oil centric economy. That's the way it was for a long time. And it is the Environmentalists who got their claws into elected officials and threatened them everytime alternatives came up. Right now they are stopping transmission lines needed to get the wind energy from producer to user in various places. Even Ted Kennedy didn't want to look at windmills in his vacation home area. Every thing is no no no.

The Economics of Political Spin

One more note for you Fitz- You are long the oils and oil service companies. You must know what these companies are up against in getting qualified help, getting permits, dealing with escalating energy and material costs. If they are lucky they get a healthy profit. They provide high paying jobs that don't demand 8 years of debt incurring higher education. Do you think it's right for Obama, Reid and Pelosi to vilify them and threaten them with "windfall profits" taxes?

The Economics of Political Spin

Fitz- if you want to change things find out who your congressperson is and tell him or her what you want. And tell again again and again. I'm voting for McCain because he has experience in dealing with these jokers much in the way Lyndon Johnson did. No other person could have bucked his own party, rounded up Republicans and got all that civil rights legislation passed into law. Obama is nice to look at, has a magic voice but is easily pushed around and I think has been brainwashed by the extreme far left. While not evil himself he doesn't recognize evil when it's in front of him: Rev. Wright, Bill Ayers, Rezco. He is not a leader.