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HISTORICAL QUOTE OF THE WEEK - "Always bear in mind that your own resolution to succeed is more important than any other." ABRAHAM LINCOLN

Wednesday, August 06, 2008

REPUBLICAN REVOLT AN ENERGY REVOLUTION

House Republicans continue the revolt against Speaker Pelosi and her irresponsible decision to not allow any energy legislation to come to the House floor for a vote and leave for the August recess. The revolt which began last Friday and continues today with former Speaker Newt Gingrich speaking along with many House Republicans, is to demand Congress reconvene and debate and vote on energy legislation.

Republicans are calling for drilling as well as alternatives forms of energy to decrease the stranglehold that we have from our dependence on foreign sources of oil. Pelosi shut down the House on Friday yet Republicans stayed to do the people's business in the People's House demanding that the House pass an energy bill to provide relief at the pumps for the American people.

While any drilling will not have an immediate effect on supply passing legislation to allow that drilling will have an immediate effect on the market as futures speculators will see that supply will increase and as such will adjust prices to meet with the increase of supply in the future.

A staffer for Human Events the non -profit organization and conservative think tank headed by Newt Gingrich found several articles by economists backing the fact that legislation allowing drilling to increase future supply will have an immediate effect on the market. The articles were submitted to several economic publications and rejected but not for reasons that one might think.

The reasons for the rejection was that any economist already knows this and as such is would be a waste of printed space to print the obvious. The rejection notification went on to say that even those in the Democrat Energy Caucus understand this fact although for political purposes and to follow their anti-drilling agenda refuse to admit the truth.

House Minority Leader John Boehner has invited GOP nominee John McCain to speak during the GOP House revolt and McCain and Boehner are checking parliamentary procedures as well as the Senators schedule to try and make this happen. In normal circumstances House rules do not allow a Senator to speak on the House floor.

More members of the GOP are arriving to participate each day with more than 100 expected to arrive by Friday of this week. Large crowds of citizens are entering the House chambers and even sitting on the House floor as well as the gallery to participate in the proceedings and are cheering speakers as they debate over energy and call for Pelosi to return to Washington and call back the Congress.

Pelosi of course is to busy trying to,"save the planet," and promoting her new book to return and to the people's business. Are we watching the beginning of the end of Pelosi's term as Speaker ?
Is this also the beginning of the end of Democrat majority in the House ? November could very well answer both questions with a resounding yes as the GOP has finally stood up for the people and the people approve!

Ken Taylor

9 Comments:

Anonymous Seth said...

Excellent post, Ken.

I think Pelosi & Co. picked the wrong issue to play games with, as the fuel price issue is one that has a powerful and direct impact on the voters in their own houses, cars and wallets as opposed to one whose effects register far from home or somewhere in the quagmire of tax spending, the deficit, the fiscal problems of giant financial firms, etc.

Once the Republicans get the word to the American people that the real root of the problem and Congress' failure to address it lies solely, solidly and by intention with the Democrats, I think it's safe to say that November will bring a marked change in the make-up of Congress.

12:41 PM, August 06, 2008  
Anonymous Anonymous said...

This is the only issue you have to run on and you people had to invent it. The Republicans are just doing what they are paid to do by big oil. Even those supporting this political stunt realize it is all empty smoke and mirrors. Lets have an honest debate on the subject and yuo people will look like fools. There is 7 times more oil sitting in existing leases already. The only difference is the oil offshore and in ANWAR is cheaper for the oil companies. All the other talk about energy independence and is pure bullshit and you know it. If there was energy independence sitting in ANWAR all this time, why did the republicans fail to do anything about it when they had complete and total control? The energy crisis did not just start. The GOP is big oil and their concerns here are the profits of big oil and nothing else. The GOP crybaby party is completely without any fact to support it. Drill Here, Drill now is a campaign slogan, not an energy policy. It was brought by the same old disgraced politician that was known for empty meaningless slogans that provided nothing but pontificating talking points. The "contract with America" has become the "contract with Big oil" how embarrassing for you all.

5:39 PM, August 06, 2008  
Anonymous Chris said...

you say that prices will go down now because supply will hopefully increase several years in the future when we say we're going to start using up our meagre supply of oil? Are you nuts? That's assuming that A)Other supplies remain constant, or even more unrealistically increase, B)Speculators will trust that the American government's estimates on how much is there are correct and that it can be gotten within a decade. C)There are no disruptions to the current supply chain(i.e. Hurricanes, wars, etc.) D) Demand remains the same, and finally, E) that any of it is actually shipped here - keep in mind that we have no state oil company. It'll go to whoever is willing to pay the most. Your assumptions are absolutely unrealistic. The odds of at least one of those things happening is so high it might as well be 100%. And that's only talking about the raw cost of OIL, nevermind the United States' capability to refine it. The current "revolt" can do nothing besides whine and hope someone listens out of pity, as they don't have quorum. As for November, you're forgetting that all politics are local, and generally aren't based on the national issues - besides, how will I be better off electing some freshman republican candidate? If I re-elect a democratic representative, who's been there for several years and is part of the majority, they'll have at least some power to get something done. As for my representative, the author of one of the various bills calling for off-shore drilling (Rep. Randy Kuhl), well, I hope to god that we kick him out on the curb this year. His energy policy (much like yours) is a lot like an empty pinata - Nice looking, promising... but completely empty on the inside.


Here's to hoping that DEMOCRATS have a turn at control of at least 2 branches of government come January '09! Your party already had its "mandate" the last 8 years, 6 of which you had control of pretty much every branch of government. And what, exactly did you accomplish? Besides, of course, complaining about how the Democrats were keeping you from passing things... despite a majority in both houses, and virtually no risk of a veto threat. Heh. Go ahead, whine some more. It's about all your party will be able to do pretty soon.

6:10 PM, August 06, 2008  
Anonymous Anonymous said...

Its sad really that the republicans seem to live in their own little world, and that because they say something it makes it fact. There will be no oil from any of these deposits for at least 5 years and that is from the governments own sources. Another pitiful ploy to try to make the public think that the republicans are still relevant in an age that is 20 years past their prime.

6:23 PM, August 06, 2008  
Anonymous Michael Sumner, Gallatin, TN said...

Good mothers here in Tennessee teach their children at a very young age that well brought up boys and girls never allow their stay to exceed their welcome. The unfortunate spectacle of Republican Members conducting themselves in a manner equivalent to that of petulent children dropping their bottoms to the floor and ranting as their parents try to take them home from a party is, well, unfortunate.

7:25 PM, August 06, 2008  
Blogger Mike's America said...

Ken: Where'd you get this influx of moonbats?

I'm accustomed to Rob's ignorance on display here but you've tapped an even richer seam of kookery with this crowd.

These loons WANT higher gas prices. The Moron.org crowd is openly saying they would like the price to be $10 a gallon.

And these loons on your page have the nerve to say that Republicans won't do anything about the problem?

Your moonbats have less shame than they do brains.

12:24 PM, August 07, 2008  
Blogger Marie's Two Cents said...

I'm with Mike,

Where did all the moonbats come from?

75% Of the American people say "Drill Here, Drill Now" and the Democrats just dont get it!

Is it just me? Or has anyone else noticed since the Democrats took control of the House we have had problem, after problem, higher gas prices, etc.?

3:16 PM, August 07, 2008  
Blogger Mike's America said...

Marie: It's not just you.

Democrats took control of Congress with one mission: trash anything and everything to do with President Bush and the Republicans.

Even if that meant the U.S. losing a war and Americans paying huge costs for energy that was a small price to pay for their plan.

They don't put the country first. They put themselves first.

And for that, they deserve nothing but contempt.

4:07 PM, August 07, 2008  
Blogger Concerned Citizen said...

You know what is really sad is the absolute lack of understanding when it comes to economics that the four posters following Seth demonstrate.

I pose a question for 'chris' who thinks he has all the answers. If increased domestic supplies of oil will have absolutely no or negligible effects on fuel costs, why would Nancy Pelosi suggest releasing 700 million barrels of oil from the strategic reserve to lower gas prices?

If a sustained, long-term, domestic increase in the available supply of oil would not affect the price of fuel, how would a temporary, short-term, fixed increase in the supply of oil have any affect whatsoever on the price of fuel?

Not to mention that the strategic reserve, a virtual drop in the bucket in what we consume, was filled with oil a much lower cost that it is at today. If we drain a reserve filled when oil was $60/barrell we will have to fill it with oil that is above $120/barrell. It will cost the taxpayers twice as much to refill the emergency reserves as it will to leave them intact. Also, once the reserves are gone, that is it. If an emergency befell the nation or if our supply of oil was suddenly restricted, we would have no life line.

Also, it has been shown that speculator react to even the idea that there will be increased domestic production or reduced domestic demand. Oil has traded under $120/barrell for the first time in months due to the decrease in domestic demand and it fell immediately on the announcement President Bush made partially lifting the Federal ban on drilling.

Currently, light sweet crude is trading down $3 at $116/barrell. It has been steadily dropping over the last week.

11:09 AM, August 08, 2008  

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