Update On The Energy Crisis
Posted on Tuesday, August 12th, 2008
UPDATE 1:57 PM Eastern:
Pelosi may have paid $3.86 per share for a stock that sold at $14 in the initial offering!
Jason Gillman of ?Michigan Taxes Too Much? sent me info. on an SEC filing in which Pelosi may have paid as little as $3.86 per share in a pre-release offering. This could be HUGE!!!! Pelosi is, effectively, getting in on the ?secret? before the public, which means she MUST know someone who knows someone, and which begins to make the Pickens Plan part of a ?comity of action? in which Pelosi offer political cover and support in exchange for getting in on the ground floor and making, potentially, BILLIONS off of the deal. The Robber Barons would truly be proud!
The talking point from the Democrats appears to be that we need to release oil from the strategic petroleum reserve (SPR) and that we demand that the oil companies drill in the 68 million acres of leases they already possess which, according to the Democrats, are not being utilized.
On Larry King Live this week, Pelosi said, ?They have this thing that says drill offshore in the protected areas,? Pelosi said. ?We can do that. We can have a vote on that?But it has to be part of something that says we want to bring immediate relief to the public and is not just a hoax on them.? Her plan, as she described it, relies on tapping into the SPR while the emphasis of her plan, which she dismisses opening up known oil fields to drilling as a ?hoax?, is on so called ?alternative energy?, including wind and solar and biodiesel.
The crux of the argument is that releasing oil from the petroleum reserve, removing tax breaks for oil companies to discover new oil, utilizing biofuels and ethanol, and developing alternative energy is a superior plan and that releasing more lands for oil drilling, increasing the use of nuclear power, and adding an all of the above approach (using many different energy development plans all at once) is ?just a hoax.?
The Republicans, with very few Democrats, are simply seeking to increase America?s domestic energy production with increased oil and coal production as a short term solution and alternative energy and nuclear energy as a long term solution.
The Democrats, with possibly a few Republicans, are more focused on ?saving the planet? out of their belief in the global warming hoax, and limit their energy plan to alternative energy solution such as the Pickens Plan Nancy Pelosi has invested in, releasing oil from the SPR, and continuing to develop biodiesel and ethanol while, as a possible ?compromise? allowing SOME offshore drilling.
Some analysts may see that the rhetoric of the Democrats, which is increasingly showing a willingness to bend on the drilling issue, is designed to later claim that the drilling is not the real reason from reduced fuel prices but that the thing they promoted are the real cause for lowering fuel prices.
They recognize, analysts may say, that they have lost the argument so they are trying to do damage control: give in on drilling but paint it as a necessary compromise to get what they want then, when drilling reduces the price of fuel, claim that it is not drilling that is causing fuel prices to decrease but their plan.
Pelosi?s cross country tour signing her under-selling book, ?Know Your Power?, and her investment in T Bonne Pickens? energy company, CLNE, betray her moralization of her refusal to allow a vote on the drilling issue under the guise that she is trying to ?save the planet.? She is creating a massive ?carbon footprint? in her travels while she invests in a company that is literally raping the parched lands of West Texas for water, which will definitely NOT be saving that region let alone the planet from and environmental crisis.
There are problems with the Democrat?s LIMITED energy plan. First, they claim that we do not need to drill for more oil because we already have 68 million acres of oil development leases that are not used. Second, they claim that releasing oil from the SPR will bring the price down immediately. Third, they cling to ethanol and biodiesel/biofuels as a short term solution to deceasing the need for oil. We are going to explore all three of these issues in detail, refuting the myths with facts that can arm you with knowledge.
The short answer to these claims is that they are short sighted and misguided.
The 68 million acres of leases covers oil reserves that are much more difficult to get to than other locations, such as ANWAR or offshore, oil reserves that are ready to be explored but that are being blocked by lawsuits from the environmentalist groups, and land that covers possible but not known oil reserves.
Releasing oil from the SPR is, at best, a very short term and short lived solution to prices and once this oil is gone, it?s gone, and this does not even begin to deal with the real problem, which is that we have deficit of domestic energy production.
Using food for energy is proving to be a disaster, it is much more costly than drilling for oil or using coal and natural gas, or even nuclear power, and it is also having a very negative effect on the price of food causing corn, wheat, and rice, among other food staples, to increase in price by over 300% since the ethanol/biodiesel push started in earnest.
When energy policies are based on a myth, global warming as a product of human activities, the human cost is tremendous and the Democrat?s energy plan would cause a massive transfer of wealth from the hands of average people into the hands of governments and a few energy companies, such as CLNE, that is unheard of in all of human history. Human civilization would take a giant leap backwards as cheap energy, which is the lifeblood of our whole civilization, would become a thing of the past as well as cheap food causing people at the margins to lose the fight to sustain themselves, leading to a populist clamor for socialistic solutions that would stamp out human freedom.
A recent ABC news survey shows that only 25% of Americans are still foolish enough to believe that ?global warming? is the biggest environmental challenge facing the world and only 47% consider global warming an issue that is important to them personally but the trend is downward as Americans are becoming better informed and as they are beginning to see the negative effects on the price of fuel and food which are a direct result of policies born out of the global warming myth.
Keep coming back to www.dontgomovement.com for more updates.
Update On The Energy Crisis
August 12, 2008
William R Collier Jr.
The American Communicator
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Nice post. Glad to have your voice out here.
[...] Pelosi may have gotten her shares of CLNE for as little as $3.86 per share in a pre-release offering… addthis_url = ‘http%3A%2F%2Fbearingdrift.com%2F2008%2F08%2F11%2Fwhy-drill-when-the-future%2F’; [...]
Question: If we were to use the EMERGENCY Petroleum Reserves, wouldn’t we have to refill the reserves at the current high price of oil? Wouldn’t this be the equivalent of the government just paying the difference between what they bought the oil in the reserves for and what it costs now?
Is it really a good idea to use our EMERGENCY reserves while we send the largest armada since ww2 into the Persian gulf to blockade Iran and Russia is playing Spank the mini Yanks in Eastern Europe?
[...] 13, 2008 T. Boone Pickens has a huge financial stake in his Plan. We know this. But now, word has come out, via Michelle Malkin and Rush Limbaugh, that Nancy Pelosi has a stake in this [...]
Paul and Nancy Pelosi bought two properties from the Joseph E. Seagram liquor company in 1999
Unit 214 at 3030 K Street is now in Paul Pelosi’s name only
but
Unit 119 that both the Speaker and her husband bought is now owned again by the liquor company and the Joseph E. Seagram liquor company is using the same address of the THE PAUL AND NANCY PELOSI CHARITABLE FOUNDATION and THE PAUL PELOSI FAMILY TRUST
http://webofdeception.com/#pelosi