While not paying attention–
Posted by Lynda on June 20, 2008
There are too many things that I want to comment on, that happened while I was busy prepping for surgery on my leg.
THE LIE: China is drilling in Cuban waters off the Florida coast….
THE TRUTH: China is not drilling off the Cuban coast, but they do have Cuban permits to explore there. They ARE however drilling in Colorado.
THE LIE: Environmentalists are preventing oil companies from getting permits for new drilling THE TRUTH: Over 6,000 new permits have been issued by our government to drill in the last few years alone, in fact the oil companies have so many permits it would be impossible for them to drill at them all.
THE LIE: Offshore drilling and drilling an ANWR will lower the price of gas. THE TRUTH: No one knows how much oil is in ANWR, it may be enough to last a year, but estimates are no more than 10 years. There is wide speculation that it is also very poor quality crude. The cost of drilling there and the refining is now cost effective, it will only lower the price of gas at the pump by 1 – 2 pennies a gallon. Also on offshore drilling, they have permits they are not being stopped from drilling.
THE LIE: Offshore drilling is so safe that even Katrina and Rita did not cause an oil spill. THE TRUTH: The oil spill in the gulf was so large it could be seen in satellite imagery from outer space.
THE LIE: McCain and Bush are spouting how the VA bill is there idea and how pleased they are that it passed THE TRUTH: Do I really need to spell this one out….Uhm, Didn’t Bush threaten to veto it? McCain called it unnecessary..
The LIE: Britt Hume from where else Faux news channel made statements that Obama’s brother says Obama is a Muslim. THE TRUTH: What his brother really said: “Because I am a Muslim myself, and I don’t think that my being a Muslim has got anything to do with my brother being the president of the United States.”
THE LIE: The price of oil is due to a shortage THE TRUTH: The rise in oil prices are mostly the fault of speculators. There is no shortage, as a matter of fact there are container ships filled with oil and no buyers for it. Iran has a few sitting off their coast. Our very own reserves are at peak levels. The farm bill passed with a veto proof majority, Bush has threatened to veto it. In the farm Bill is legislation to close the what is being termed the “ENRON loophole” It is not a loop hole, it was legislation inserted by none other than Phil Gramm in the dead of the night, just before the bill was to be voted on, thus eliminating any debate over it. Clinton signed it. Enron was already doing some price fixing before that legislation, this just made what they were doing legal. The rolling blackouts in CA were ENRONS doing to drive the price up for energy commodities. This legislation is also the cause of out of control gas prices. It allows the speculators to drive up the price of oil. It is estimated that 60% of the increase in gas prices are due to this reason. The mortgage crisis is the exact same scenario. With many of the same players. Bears Stearns traders and upper management have been arrested, more arrests are to follow in the future. Same scenario as ENRON lying to investors, fraud, insider trading. Expect the same result. The leader will suffer a heart attack before sentencing, making it impossible for any of his assets to be seized in order to pay back the investors. I believe he walked out with 450 million in a severance package, plus he dumped quite a bit of his personal stock before they crashed.
