The Truth about high gas prices

There’s a lot of talk right now about the skyrocketing oil and gas prices. With the summer blends kicking in and the flooding in Iowa jeopardizing the corn crops, most people will be paying $4 a gallon for the majority of the summer. Who is to blame for the high pump prices?

Republicans and Big Oil?

The Democrats, liberals, and Greens say this. And they point to the oil companies and say “Windfall profits! Price gouging! Bush! Cheney! Enron! Evil!” These people are still pushing the theory that Bush & Cheney are doing this to “make their buddies rich”. I offer you this: they’re already rich. They’ve been rich for years. It’s not like they were poor and all of a sudden they’re millionaires. “But they’re doing this to get more rich!” 

Does anyone believe this anymore? Seriously?

They’re rich because — like Bill Gates and Doug Daft — they are the top-tier management of global corporations with shareholders who demand profits. They are rich because they are responsible for managing the exploration for, and the drilling, refining, and delivery of, a global resource. These “greedy oil companies” employ tens of thousands of people worldwide, and operate on a profit margin hovering around 8%, which is about 1/3 that of CocaCola and Pepsi. They make a lot of money because every around the world buys their product, so they sell a lot of it.

As fast food companies have blossomed, so have the sales of Coke, but Doug Daft isn’t hauled in front of Congress to testify about CocaCola’s record profits last year, earned on about a 28% profit margin. And I don’t hear you complaining that a medium Coke that used to cost 30 cents is now a buck-twenty-five. Why not?

So if Big Oil, Bush, and Cheney are not to blame, who is? (more…)

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The Truth about Oil (and food)

Four years ago I got into a debate with someone who decried the war as “blood for oil.” (He also went on to call American servicemen “pawns”, but I’ll leave that for another time.) I said then that the supply and demand of oil is a global problem, not just a United States problem. I explained how high oil prices would affect the price of food and its availability. I explained how essential it was to the global economy that the global oil supply wasn’t effected.

He didn’t agree with my assessment, said there was “no connection”, and that Bush was just “trying to make his oil buddies rich”.

Recent headlines prove who was right:

Oil prices and food prices & availability are intrinsically linked. This is a lesson we all must learn, and learn quickly. Taking part of our food supply (corn) and burning it as an inefficient fuel source (in the form of ethanol) is beyond idiotic because it causes both prices to increase and there’s no appreciable benefit to burning an inefficient fuel source.

Do we need an alternative to oil? Yes. But ethanol is not the answer, and until we find one, the stability of the world’s oil market and price is essential to everyone. And closer to home, it is essential to the preservation of our liberties.

Read More to view my original email:
(more…)

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No April foolin’, “Global Warming” is a hoax

Al Gore must take all of us for fools. Unfortunately for him, we’ve been paying attention. Here’s a collection of the latest “global warming” stories:

And one last tidbit:

Sorry, Al. I’m just not buying what you’re selling. And most people aren’t either.

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