The MSM coverage of yesterday’s Senate hearings reinforces the green’s grip on everything legislative.

The entire coverage focuses on the salaries of the executives (large) and the profits of the oil companies (even larger).

Not one mention of the companies’ pleas for more reasonable rules on exploration, drilling and refining at home…just demands for more production from other countries.

Meanwhile, the Chinese will soon be exploring and drilling off the Florida coast where our government prohibits US companies from the same.

Demand has actually been down in the U.S. The New York Times did a story yesterday on how the refineries can’t turn a profit because demand is down.

And you know that’s true when you read stuff like this.

Sorry, the NYT story was last week, not yesterday:

Oil Refiners See Profits Sink as Consumption Falls

“Experts say the refiners are caught in a double bind. The price of their raw material, oil, is rising because of strong global demand. At the same time, consumption of gasoline in the United States is falling as a result of slower economic growth and consumer efforts to conserve.”

Yep. China and the rest of the third world are now on their way to the “second world” (or first world) level of consumption and since there’s only so much oil getting produced, the demand is headed for the moon and the supply is declining. Prices are heading up, up, and away (key Fifth Dimension music).

My heart bleeds for the poor oil company execs and their bottom lines. What a load of horseshit. The hearings are a damned joke, just like Petraeus confirmation hearings–where he will say whatever is necessary to get what he wants. Oh, yeah, the “greens” really own the legislative process.

T. Boone Pickens was, is and forever will be a scumbag, just like Carl Ichahn. The fact that he’s backing windpower is all about enormous wind farms (located most times in areas that don’t use much of the power generated). It’s only about money, always.

So will libs stop blaming Bush “and his Texas Cronies” for high gas prices, now that their Bible, the NYT has stated otherwise?

It would still help the refiners if we could get rid of all the specialized blends and just settle on one product.

now that their Bible, the NYT

Judith “I Was Fucking Right” Miller, anyone?

NYT is a joke. Go sell to someone who’s buying.
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Reverend Sunny Moony’s paper, the WashTimes, now, that might be confused with the bible. It is a favorite of the reichwingers.

Pickens was, is and forever will be a scumbag, just like Carl Ichahn. The fact that he’s backing windpower is all about enormous wind farms (located most times in areas that don’t use much of the power generated). It’s only about money, always.
Yes, and that’s what he said in the interview. He expects, thanks to a Congressional Tax Credit ($20,000 per megawatt hour) to make 25%, no small change, and this, unlike an oil well, will never stop making money as long as he wind blows.

He is scum, but he does know oil and his educated guess of $8 a gallon is reasonable.

If Hybrids were mandated to be the only new vehicles to be sold or imported, if all petroleum based manufacturing were forced to find alternate power sources, then domestic consumption would fall within the range of domestic production. Couple that with strict price controls, and excess profit taxes, perhaps the price of oil could be contained.

Capt. Bringdown:

Let’s all look at the other elephant in the room. In Europe, where gas IS hideously expensive they have things like commuter impact taxes, genuinely decent mass transit and a lot of social welfare programs paid for in part by the huge taxes on petrol.

In this country, all of that “welfare” stuff is for the poor CEO’s and stockholders of the oilgarchs.