Tuesday, May 13, 2008

Who Is Really Responsible For The High Prices You Pay For Gasoline?

INVESTOR'S BUSINESS DAILY

5/12/2008

For the last 28 years, Democrats in Congress and a few Republicans have again and again opposed our drilling for oil in Alaska's ANWR area when we knew it contained at least 10 billion barrels of oil we could be using now.

• For the past 31 years, Congress repeatedly prevented us from building any new oil refineries that we now badly need.

• More recently, congressional Democrats defeated and discouraged any bill that would let us drill in the deep sea 100 miles out. However, it's somehow OK for China to drill there.

• As a further indictment of our Congress, since the 1980s it has continually stopped all building of nuclear power plants while France, Germany and, yes, Japan, plus 12 other major nations, did build plants and now get 20% to 80% of their energy from their wise and safe nuclear plant investments.

• From 1990 to 2000, U.S. crude oil demand rapidly accelerated by 7.41 quadrillion BTUs, according to Department of Energy data. And our rate of foreign oil dependency dramatically increased while our domestic oil production steadily declined.

Under the eight Clinton years alone, U.S. oil production declined 1,349,000 barrels per day, or 19%, while our foreign imports increased 3,574,000 barrels per day, or 45%.

During this time, President Clinton vetoed ANWR drilling bills that would have clearly made Alaska our No. 1 state in the production of our own vitally needed oil supply, not only for all Americans but also for national defense emergencies.

So were Democrats and members of Congress together merely short-sighted, with only a few having any real business experience?

Or were they just ignorant about economics — the fact that the law of supply and demand determines the price of all commodities such as oil, steel, copper and lumber?

Or were they simply and utterly irresponsible and incompetent in their actions that led us to become dangerously dependent on increasing oil imports from foreign countries?

We think it was "all of the above."

The unintended consequence of the Congress members' poor judgment and meddling micromanagement of U.S. energy policy is that they actually hurt most the very people they always profess to be able to help — the average American consumer, lower-income workers and those in the inner city who can't afford an extra $100 a month to drive to and from their jobs.

Democrats kowtowed to the wishes of their environmental supporters over the basic needs of 300 million American citizens.

It is a national disgrace that all they now know how to do is relentlessly criticize, complain and condemn. They always attempt to blame, investigate and scapegoat someone else, in this case U.S. oil companies, when Congress is the true villain of ineptness for constantly blocking and obstructing every effort for us to become more productive and less dependent on foreign oil.

Do those now in Congress really think Middle America's voters are so gullible that they will believe that its latest best and brightest answer to increasing our supply of oil and gas is to slap a 25% windfall penalty tax on oil companies and remove all other incentives for oil companies to drill and explore for oil?

The right time to release oil from, or stop adding to, our Strategic Petroleum Reserve is not now. That will do nothing to increase our ongoing oil supply needs and will have limited affect on oil prices while increasing our national security risks.

Only after we first announce to the world a bold new change in our policy by proclaiming that we intend to begin drilling in ANWR and selected outer sea areas, plus adopt new conservation programs, will the release of oil from our reserves have a major impact on breaking the price of oil.

If our congressional leadership can't muster the courage to begin reversing past mistakes now and allow our companies to drill in ANWR and off-limits offshore areas, and build essential refineries and safe nuclear power plants, what will an even-more-discredited Congress do in 2009, 2010 and 2011, when millions of new city dwellers in China and India will be driving the cars their countries are now producing, thereby materially increasing their already huge demand for oil and gas?

It's wake-up time for America. Maybe we should investigate the blame-throwing investigators in Congress.

Wednesday, May 07, 2008

Cinco De Mayo History!!!

The 5th of May is not Mexican Independence Day, but it should be! And Cinco de Mayo is not an American holiday, but it should be. Mexico declared its independence from mother Spain on midnight, the 15th of September, 1810. And it took 11 years before the first Spanish soldiers were told and forced to leave Mexico.

So, why Cinco de Mayo? And why should Americans savor this day as well? Because 4,000 Mexican soldiers smashed the French and traitor Mexican army of 8,000 at Puebla, Mexico, 100 miles east of Mexico City on the morning of May 5, 1862.

The French had landed in Mexico (along with Spanish and English troops) five months earlier on the pretext of collecting Mexican debts from the newly elected government of democratic President (and Indian) Benito Juarez. The English and Spanish quickly made deals and left. The French, however, had different ideas.

Under Emperor Napoleon III, who detested the United States, the French came to stay. They brought a Hapsburg prince with them to rule the new Mexican empire. His name was Maximilian; his wife, Carolota. Napoleon's French Army had not been defeated in 50 years, and it invaded Mexico with the finest modern equipment and with a newly reconstituted Foreign Legion. The French were not afraid of anyone, especially since the United States was embroiled in its own Civil War.

The French Army left the port of Vera Cruz to attack Mexico City to the west, as the French assumed that the Mexicans would give up should their capital fall to the enemy -- as European countries traditionally did.

Under the command of Texas-born General Zaragosa, (and the cavalry under the command of Colonel Porfirio Diaz, later to be Mexico's president and dictator), the Mexicans awaited. Brightly dressed French Dragoons led the enemy columns. The Mexican Army was less stylish.

General Zaragosa ordered Colonel Diaz to take his cavalry, the best in the world, out to the French flanks. In response, the French did a most stupid thing; they sent their cavalry off to chase Diaz and his men, who proceeded to butcher them. The remaining French infantrymen charged the Mexican defenders through sloppy mud from a thunderstorm and through hundreds of head of stampeding cattle stirred up by Indians armed only with machetes.

When the battle was over, many French were killed or wounded and their cavalry was being chased by Diaz' superb horsemen miles away. The Mexicans had won a great victory that kept Napoleon III from supplying the confederate rebels for another year, allowing the United States to build the greatest army the world had ever seen. This grand army smashed the Confederates at Gettysburg just 14 months after the battle of Puebla, essentially ending the Civil War.

Union forces were then rushed to the Texas/Mexican border under General Phil Sheridan, who made sure that the Mexicans got all the weapons and ammunition they needed to expel the French. American soldiers were discharged with their uniforms and rifles if they promised to join the Mexican Army to fight the French. The American Legion of Honor marched in the Victory Parade in Mexico, City.

It might be a historical stretch to credit the survival of the United States to those brave 4,000 Mexicans who faced an army twice as large in 1862. But who knows?

In gratitude, thousands of Mexicans crossed the border after Pearl Harbor to join the U.S. Armed Forces. As recently as the Persian Gulf War, Mexicans flooded American consulates with phone calls, trying to join up and fight another war for America.

Mexicans, you see, never forget who their friends are, and neither do Americans. That's why Cinco de Mayo is such a party -- A party that celebrates freedom and liberty. There are two ideals which Mexicans and Americans have fought shoulder to shoulder to protect, ever since the 5th of May, 1862. VIVA! el CINCO DE MAYO!!