Friday, July 30, 2010

When Palin and McCain claim they're not in the pockets of Big Oil what do they mean by ';Drill baby Drill?';?

Will government regulate this drilling, refining, and distribution? Or do they mean it'll all be privatized?When Palin and McCain claim they're not in the pockets of Big Oil what do they mean by ';Drill baby Drill?';?
drill baby drill





GO OBAMA/BIDEN 2008!When Palin and McCain claim they're not in the pockets of Big Oil what do they mean by ';Drill baby Drill?';?
The Government is bigger oil than big oil is. The Government takes royalties from from the wells heads that go as high as 35 percent. That is before it is shipped to the refineries, refined and delivered to the outlets.Then the Government taxes it again. Obama complained that the oil companies make $4000 a minute in profit, leaving out that they pay $14,000 a minute in taxes. Obama took over $250,000 from oil exectives, check the Federal Elections Commission. The Government, namely the Democrats in Congress, have come up with ';CAFE Standards'; that do not allow many cars made to operate in the U.S. that get 65 miles to the gallon. Ford makes such a car, but becaues it is diesel it cannot be sold in America. The Government already regulates everything about oil. How would it be privatized. They are all publicly held companies.
it means that they have no interest in sound plans but rather are wantonly after votes.the oil companies know what is available off-shore and in their other holdings and know that they can add approx. 8,400,000 gallons per day production from new domestic sources. but 200,000 barrels per day is only 1% of our 20,000,000 BBL/Day habit. but it would keep us addicted until we run out globally. Drilling is neither a good short term or long term solution but that would require educating the people about better solutions. Ironically, the ';inflate your tires'; slam McCain gave Obama would be 5 times more effective than drilling and that's at the most simplistic level of addressing the greater problem. They are pandering, pure and simple but many people are ignorant to the alternatives and where these options stand time wise so they think we have to drill and McCain/Palin are willing to chant ';drill, baby, drill';
Hopefully she'll encourage McCain to enact some of the fabulous legislative accomplishments she's been responsible for in Alaska. For instance, maybe she can get him to enact a wind-fall profits tax on oil companies like she did. Of course I'm pretty sure I already know how McCain and Republicans feel about such a plan.....
My take is they are speaking of freeing up government regulations and allowing drilling to occur, as well as the building of new refineries. I haven't heard they expect to do this with public funds. But taking us out of our oil dependence to unstable regimes is worth the public money, in my opinion.
Big Oil will profit regardless of where they drill. Drilling in US territory provides more jobs for US workers and more tax revenue for the government. That doesn't answer your question regarding being in big oil's pocket, of course, but it hardly proves they are either.
Drilling for oil? By the time a single barrel of oil is sucked out of those wells..The price for oil still sky-rocketing with the the rate adjustments of inflation, other nations' need for energy as other countries are expanding and the needs for energy keeps as steady as this pace......
first of all neither Palin or McCain inspired the ';drill baby drill'; chant it was former Maryland Lt. Gov. Michael Steele. stick with the group if you want to run in political circles . . . read the articles below and you'll find your answers,



Nationalize the oil industry...

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