COMMENTS: 46
Paying for War at the Pump
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Let's not waste too much time on the military side of the equation. The argument that troops on the ground have made us militarily more secure is absurd on its face. American resources and lives have been squandered in an inane effort that McCain aptly criticized before becoming a presidential candidate. As a Senate watchdog, he distinguished himself by sharply denouncing one defense contractor boondoggle after another in cases involving hundreds of billions for modern weapons that had nothing to do with fighting cave-based terrorists. But as a presidential candidate, McCain now unabashedly apologizes for every twist of the downwind spiral of the Bush administration foreign policy, from wasteful weapons to inhuman torture.
McCain's strategy is clearly that of distracting attention from the calamitous economy by sounding the demagogue's alarm about enemies at the gate. This week, McCain again blasted Democratic presidential candidate Barack Obama on the grounds that he underestimated the threat from Iran while ignoring the vast increase in Iran's power -- an increase actually resulting from Bush eliminating Iran's only effective enemy, Saddam Hussein. The other winners in this folly have been the oil kingdoms that Hussein periodically threatened, led by the Saudi royal family. Seizing upon the opportunity presented by the 9/11 attacks, Bush knocked off not the Saudis, who had produced Osama bin Laden and 15 of his hijacker minions, but rather the royal family's sworn enemy in Iraq, who had absolutely nothing do with 9/11.
And how did the Saudis thank us? Just check the price of oil, which has increased more than sixfold since 9/11. On Friday, Bush went to dine at Saudi King Abdullah's bizarrely opulent horse farm and pleaded for an increase in oil production, but to no avail. Bush received the same rebuff in April 2005, when oil was selling for $54 a barrel. On Tuesday, it sold for $129, and the price rise is a good measure of Saudi gratitude for the Bush family's unwavering support over past decades. Saudi Arabia's oil minister, Ali al-Naimi, couldn't have been more condescending when he turned down Bush's request with the observation that "presidents and kings have every right, every privilege, to comment or ask or say whatever they want." He added at a press conference, "How much does Saudi Arabia need to do to satisfy people who are questioning our oil practices and policies?"
Enough to get the price back down to where it was when we saved your sorry oil-well excuse for a country, you ingrate, Bush might have retorted. But our bold leader was too polite for anything like that. "He didn't punch any tables or shout at anybody," said Saudi Foreign Minister Saud al-Faisal. "I think he was satisfied." Why? Instead of pointing out that the Saudis could easily open their spigots in gratitude for our keeping them in power, the president threatened the Saudi king not with an invasion but with a U.S. recession. "My point to His Majesty," Bush warned in an interview with The New York Times before encountering the great man himself, "is going to be, when consumers have less purchasing power because of high prices of gasoline -- in other words, when it affects their families, it could cause this economy to slow down. If the economy slows down, there will be less barrels of oil purchased."
He'll show them -- we'll have a recession, our families will suffer and, boy, will the Saudis be sorry. A regular Teddy Roosevelt. There is no better measure of the failure of Bush's foreign policy than that, five years after we conquered the second-most important pool of oil in the world, the American taxpayers who paid for this grand imperial adventure are rewarded with skyrocketing prices at the pump.
At least when Bush first hyped his Iraq invasion plan, he had Paul Wolfowitz telling Congress that Iraqi oil would more than pay for it all. Not so McCain, who is so charged with imperial hubris that he is willing to commit to a 100-year lease on Iraq without expecting a penny in oil revenue in return.
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Posted by: ABetterFuture on May 21, 2008 7:40 PM
Current rating: 5 [1 = poor; 5 = excellent]
Gullible lot, lethally so.
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» RE: Pardon?
Posted by: BlackbirdHighway
» RE: Pardon?
Posted by: Jefferson's Guardian
» RE: Pardon? Why, will I maybe want to hang myself with them?
Posted by: Beck
» RE: Pardon? Why, will I maybe want to hang myself with them?
Posted by: Jefferson's Guardian
» See the thing is....
Posted by: bornxeyed
» RE: See the thing is....do you think maybe China loaned us war money as part of an oil deal?
Posted by: Beck
» Yeah...for some reason you can't a 2.7 trillion dollar budget on 2.4 trillion dollars...
Posted by: ABetterFuture
» RE: Yeah...for some reason you can't a 2.7 trillion dollar budget on 2.4 trillion dollars...
Posted by: Inlander
» Depends on how you look at it
Posted by: ProgressiveManiac
» RE: Depends on how you look at it
Posted by: Jefferson's Guardian
» RE: Depends on how you look at it
Posted by: JSquercia
» RE: Pardon?
Posted by: Walks-in-Storms
Comments are closed-
Posted by: Jefferson's Guardian on May 22, 2008 5:37 AM
Current rating: 5 [1 = poor; 5 = excellent]
As Senator Jim Webb recently pointed out, it was only $28/bbl the day before Bush invaded Iraq in March of 2003.
Coincidence? I don't think so.
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» It has set the table for "disaster capitalism" to invade our shores
Posted by: Jefferson's Guardian
» it was around 19 when the failed oil man took office, with his oily vice pres, and tanker namesake
Posted by: Beck
» RE: it was around 19 when the failed oil man took office, with his oily vice pres, and tanker namesa
Posted by: richholland
» Each has to make his/her own connections. Some apparently cannot.
Posted by: Jefferson's Guardian
» Yes
Posted by: Rune
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Posted by: Walks-in-Storms on May 22, 2008 7:23 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: ating crow - my friends, that is.
Posted by: speakingout
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Posted by: sre on May 22, 2008 7:47 AM
Current rating: 5 [1 = poor; 5 = excellent]
The second thing is Peak Oil. Maybe the oil fields in Saudi Arabia actually can't produce any more oil and the Saudi king is putting on a brave or arrogant face.
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Posted by: maxpayne on May 22, 2008 8:20 AM
Current rating: 5 [1 = poor; 5 = excellent]
I now return you to your regular "we're all gonna die" doom and gloom BULLSHIT show !
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» RE: Here's at least a temporary solution
Posted by: GrannyBgood
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Posted by: HughScott on May 22, 2008 10:05 AM
Current rating: 5 [1 = poor; 5 = excellent]
The first 55 miles-per-hour restriction came as a result of the 1973 Arab oil embargo. The Nixon administration ordered states to lower their maximum limit to save fuel at a time when the first oil shock threatened to bring the economy to a standstill.
After steadily rising each year, gasoline demand suddenly stopped growing in 1974 and remained nearly flat for the next decade, keeping oil consumption in check.
Roland Hwang, the vehicles policy director at the Natural Resources Defense Council in San Francisco, estimated the savings of the speed limit in 1983 at 2.5 billion gallons of gasoline and diesel fuel, or 2.2 percent of the total use for these types of fuels.
But as gas lines faded from people's memories and energy prices went down, the federal speed limit was relaxed in 1987, allowing states to set higher caps of 65 miles an hour. Once more, gasoline consumption surged.
Obviously U.S. highway drivers need to slow down. As proof, google the Internet with "55 mph limit" and you will find numerous websites that explain why speeds of 60 mph and greater lower gas mileage. Yet, like motorized lemmings, we seem bent on running our of gas as fast as we can.
Will someone please tell me why?
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» So true, Beck -- unfortunately.
Posted by: HughScott
» RE: unning out of gas as fast as we can!
Posted by: mnatra
» Seems like it, mnatra.
Posted by: HughScott
» RE: unning out of gas as fast as we can!
Posted by: bornxeyed
» RE: running out of gas as fast as we can!
Posted by: Scott
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Posted by: speakingout on May 22, 2008 11:18 AM
Current rating: 5 [1 = poor; 5 = excellent]
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» RE: speaking out, .....If only people would
Posted by: Inlander
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Posted by: abatto on May 22, 2008 11:24 AM
Current rating: 4 [1 = poor; 5 = excellent]
The article assumes that the rise in oil prices is simply a matter of the Saudis not pumping enough oil. Almost all the oil producing countries are currently pumping at full capacity. There is a great deal of evidence suggesting that the Saudis have been lying about their extra capacity and they don´t have as many reserves as claimed. See Matt Simmons's _Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy_.
It is unlikely that the Saudis can dramatically increase the supply of oil in the long term because many experts believe that their reserves are rapidly dwindling and can't be sustained over the long term.
What the article should have focused on is how the war in Iraq has dramatically reduced supply, the instability and fighting cut the supply from the country with the second largest reserves in the world.
The war in Iraq has also driven up prices because of the speculation caused by the instability of war. People worry about supply when insurgents can attack pipelines and prices are driven up. Similarly, the price of oil has been driven up by the US efforts to destabilize Venezuela, trying to overthrow Hugo Chavez in 2002 and then helping to instigate the months-long oil union strike, cutting supply from the country which was recently rated to having the largest reserves in the world. Venezuela has since decided to sell off Citgo and many of its assets in the US and generally divert its oil sales from the US to other countries like China.
Finally, we are paying for high prices at the pump because we are not developing any plans to actually cut our dependence on foreign oil, causing more speculation driving up the prices. Our lack of plans for developing sustainable energy such as solar, wind, tidal, and geothermal energy, coupled with national energy estimates predicting ever greater usage of foreign oil has caused oil speculators to conclude that oil will inevitably rise to $200 a barrel.
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» RE: Article misses several points
Posted by: Jefferson's Guardian
» RE: Article misses several points
Posted by: mnatra
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Posted by: jmmartin on May 22, 2008 4:13 PM
Current rating: 5 [1 = poor; 5 = excellent]
Destabilization of the Mid-East was the main objective of the invasion, and not to "fight them there so that we won't have to fight them here," which is B.S. No, it was to drive up the price of oil and profit, back alley, from the meteoric rise in gas prices, which only hurts the poor and middle class. And, to think, this was being done even as massive tax cuts for the rich proved once again (Reagan tried, too) that supply side economics is voodoo.
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» RE: Three Card Monte
Posted by: JSquercia
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Posted by: frank69 on May 22, 2008 4:13 PM
Current rating: 5 [1 = poor; 5 = excellent]
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Posted by: CommonDreamer on May 22, 2008 8:58 PM
Current rating: 5 [1 = poor; 5 = excellent]
Around 1985 I owned a car that got 50 miles to the gallon - a diesel Sentra. So high mileage cars were being made long ago...but we lost to the rabid, unthinking, free market barons that got elected in the ensuing years...and look where that got us. We now are so dependent on their oil for no reason other than short sightedness, irresponsible and indulgent policies, inane tax cuts and the crippling of the middle and lower classes by the plutocracy.
Because only money talks in this society it seems, we really need to heavily tax large SUVs...and heavily tax energy eating large homes also. We need to discourage the consumption of these needless behemoths and get into a sensible alternative to oil (which, again, could have been done long ago, except that we had a government that was promoting egregious selfishness at the expense of our country). Hope our next president is brave enough to tax these things out of existence and take that money and invest it in alternative fuels that do not starve other countries' populations.
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Posted by: macdon1 on May 22, 2008 9:19 PM
Current rating: 4 [1 = poor; 5 = excellent]
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Posted by: swamiji on May 23, 2008 8:18 PM
Current rating: 5 [1 = poor; 5 = excellent]
http://www.janadriafarm.com/
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Posted by: GrannyBgood on May 25, 2008 7:31 AM
Current rating: Not yet rated [1 = poor; 5 = excellent]
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Posted by: JSquercia on Jun 3, 2008 1:59 PM
Current rating: Not yet rated [1 = poor; 5 = excellent]
I would hope better minds could find a way to stop them .
Another problem that caused the price of oil to jump is the Weak Dollar . In 2003 I visited Italy and the Euro was roughly equivalent to the dollar . Today it is a $1.60 .
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