Senator McCain, respectfully, STFU!
By Carl
Well, now here's an intriguing little political performance art piece:
(transcription of John McCain ad, via the WaPo)
Now, John McCain himself has opposed off-shore drilling and some of his Republican gubernatorial friends oppose it, like Arnold Schwarzenegger. It has only been recently that McCain has called for drilling offshore. He still supports a ban on drilling in ANWR.
You've all heard the reasons to debunk this trope: it will take no less than ten years for that oil offshore to reach American consumers, by then gas will be $15 a gallon anyway, and no one will be driving cars, and that means there will be windfall profits for oil...oh. Yea. That.
Hm. Offshore oil exploration, hell, ANY oil exploration, is a near-losing proposition when oil is cheap. You milk, errr, pump, the cash cow you have for all its worth when oil is around $20 a barrel, which means you have shortfalls when prices rise rapidly, as they have over the past ten years.
This is why, in 1998, you actually started to see advertisements on TV from ExxonMobil talking about how hard it is to find new oil, but they'll expend the money now to bring you more in the future. Their long-range forecasts had clearly shown that gas and heating oil prices would start a precipitous climb.
As early as 2001, I recall reading market analysts' reports that showed gasoline selling at $5 a barrel by 2009 (we're close), and $15 a gallon by 2015.
This was back when gas was $2 a gallon and that was consider inflationary. A barrel of oil in 2001 sold for $23 (in 2001 dollars). Now, it's $100 more expensive.
Forget that this is about oil companies continuing an unbroken string of profits that make Donald Trump green with envy. This is Big Oil's last hurrah in the US: "cheap" oil that will be a ready source when oil becomes almost as valuable as silver, ounce for ounce.
In other words, oil will be selling in "precious metal" commodities territory.
Naturally, none of this would help you today, tomorrow, this week, this month, this year, or this lifetime. To suggest otherwise is ludicrous. By the time this oil is extracted and refined, most of us will be riding bicycles to work like the Chinese, who will have our oil anyway!
(Cross-posted to Simply Left Behind.)
Well, now here's an intriguing little political performance art piece:
The Ad: (Narrator) Gas prices -- $4, $5, no end in sight, because some in Washington are still saying no to drilling in America. No to independence from foreign oil. Who can you thank for rising prices at the pump?
(Chant) Obama! Obama!
(Narrator) One man knows we must now drill more in America and rescue our family budgets. Don't hope for more energy, vote for it. McCain.
(transcription of John McCain ad, via the WaPo)
Now, John McCain himself has opposed off-shore drilling and some of his Republican gubernatorial friends oppose it, like Arnold Schwarzenegger. It has only been recently that McCain has called for drilling offshore. He still supports a ban on drilling in ANWR.
You've all heard the reasons to debunk this trope: it will take no less than ten years for that oil offshore to reach American consumers, by then gas will be $15 a gallon anyway, and no one will be driving cars, and that means there will be windfall profits for oil...oh. Yea. That.
Hm. Offshore oil exploration, hell, ANY oil exploration, is a near-losing proposition when oil is cheap. You milk, errr, pump, the cash cow you have for all its worth when oil is around $20 a barrel, which means you have shortfalls when prices rise rapidly, as they have over the past ten years.
This is why, in 1998, you actually started to see advertisements on TV from ExxonMobil talking about how hard it is to find new oil, but they'll expend the money now to bring you more in the future. Their long-range forecasts had clearly shown that gas and heating oil prices would start a precipitous climb.
As early as 2001, I recall reading market analysts' reports that showed gasoline selling at $5 a barrel by 2009 (we're close), and $15 a gallon by 2015.
This was back when gas was $2 a gallon and that was consider inflationary. A barrel of oil in 2001 sold for $23 (in 2001 dollars). Now, it's $100 more expensive.
Forget that this is about oil companies continuing an unbroken string of profits that make Donald Trump green with envy. This is Big Oil's last hurrah in the US: "cheap" oil that will be a ready source when oil becomes almost as valuable as silver, ounce for ounce.
In other words, oil will be selling in "precious metal" commodities territory.
Naturally, none of this would help you today, tomorrow, this week, this month, this year, or this lifetime. To suggest otherwise is ludicrous. By the time this oil is extracted and refined, most of us will be riding bicycles to work like the Chinese, who will have our oil anyway!
(Cross-posted to Simply Left Behind.)
Labels: 2008 election, energy, gasoline, John McCain, oil
posted by Carl at
2:30 PM
1 Comments:
1) John McCain used the anti-Asian slur 'Gook' publicly for 27 years until he was forced to stop for fear of sabotaging his own presidential ambitions. When asked about his use of the racist term by a news reporter, his response was that 'I hate the gooks.'
2) John McCain voted against declaring Martin Luther King Day a national holiday, and then voted to rescind it.
3) John McCain worked to remove the Navajo Di'neh from their lands in Arizona's Black Mesa (and onto an EPA designated toxic site) for the benefit of powerful mining interests.
4) John McCain endorsed George Wallace, Jr., a favorite speaker among white supremacists.
5) John McCain was a disciple of Arizona senator Barry Goldwater, a man noted as one of only four nonSouthern Republicans to vote against the Civil Rights Act of 1964.
6) John McCain is now for banning affirmative steps to ensure equal opportunity for women and racial minority group after a decade of opposing such measures as unnecessary and divisive. (Of course, McCain is FOR affirmative action to ensure that the U.S. military meets its recruitment goals.)
7) John McCain sought the endorsements of Christian ministers John Hagee and Rod Parsley: Hagee hates Catholics and believes that the Holocaust was ordained by God; Parsley preaches that America's special mission is to destroy Muslims.
8) John McCain fought to keep the Confederate battle flag flying over South Carolina.
9) John McCain kicked off his "Service to America Tour" near Philadephia, Mississippi, the epicenter of the states rights movement and opposition to the 1964 Civil Rights Act. Civil rights workers Schwerner, Goodman, and Chaney were murdered there in '64. And Ronald Reagan kicked off his 1980 presidential campaign from there with a screed to states rights.
10) John McCain employs Richard Quinn, a man who believes that Nelson Mandela is a “terrorist”; Martin Luther King, Jr. lead African Americans into "a terrible bondage of body and soul”; and that David Duke is a maverick.”
11) John McCain's Latin American policies favor rightwing oppressive regimes.
12) John McCain used the racially charged phrase "tar baby" when responding to a question about divorced fathers posed by a African American.
13) John McCain threw Latino immigrants under the bus in his lunge to win the nativist GOP vote.
14) John McCain was introduced in Batavia this way: "You can have your Tiger Woods. We've got Senator McCain."
15) John McCain promised to start wars in North Korea, Libya, and Iraq during his first presidential campaign.
16) John McCain promised 100 years war in Iraq; entertained Republicans at a townhall meeting with “Bomb, bomb, bomb, bomb, bomb Iran”; and he gave his supporters ‘straight talk’ when he declared, “I'm sorry to tell you, there's going to be other wars.”
17) John McCain sent his own money to the contra guerillas, and even visited their illegal war camp.
18) John McCain keeps race-baiting swiftboaters and lobbyists for dictators on his campaign payroll.
19) John McCain’s Vietnam War buddy, political supporter, virulent Islamophobe, Bud Day, was quoted saying “that the Muslims have said either we kneel, or they’re going to kill us.”
20) John McCain lobbied for an Iraq invasion just days after 9/11, and when it came time to convince the American people, he insisted that the Iraq War would be easily won.
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Adam Kratt, at 6:40 PM
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