Showing posts with label Energy. Show all posts
Showing posts with label Energy. Show all posts

Wednesday, July 30, 2008

Who is to blame for high the high price of oil? UPDATED!!

Here is a little history course for those of you with selective memory who think Bill Clinton is to blame for the high price of gas. What is even worse is the false ad produced by the "straight talk express" that lays the blame squarely upon the shoulders of Barack Obama. In a twisted irony the McCain accusation completely refutes his standing claim that Obama did nothing as a Senator and carried no influence in Washington . Well how did he wreck the oil markets then?

In 2001 our Vice President Dick Cheney held secret meetings with unidentified persons to write the Untied States energy policy for the Bush administration. The Bush administration felt like the citizens had no business knowing who was writing their energy policy.

In 2007 some of those names were revealed. Let us all recall that Exxon Mobile has posted record profits several times since this energy policy was enacted. Enron was found guilty of fraud, when they were jacking up the rates on granny, as they so crudely put it.

From the Washington Post:

A confidential list prepared by the Bush administration shows that Cheney and his aides had already held at least 40 meetings with interest groups, most of them from energy-producing industries. By the time of the meeting with environmental groups, according to a former White House official who provided the list to The Washington Post, the initial draft of the task force was substantially complete and President Bush had been briefed on its progress.

In all, about 300 groups and individuals met with staff members of the energy task force, including a handful who saw Cheney himself, according to the list, which was compiled in the summer of 2001. For six years, those names have been a closely guarded secret, thanks to a fierce legal battle waged by the White House. Some names have leaked out over the years, but most have remained hidden because of a 2004 Supreme Court ruling that agreed that the administration's internal deliberations ought to be shielded from outside scrutiny.

...

From the beginning, it was clear that Cheney was running the show, chairing meetings of the task force -- made up of about a dozen Cabinet officers and senior officials -- in his ceremonial office in the Eisenhower Executive Office Building. Much of the task force's work was done by a six-person staff, led by its executive director, Andrew D. Lundquist, a former aide to Republican Sens. Ted Stevens and Frank Murkowski of Alaska. In 2000, Lundquist was the Bush campaign's energy expert; Bush nicknamed him "Light Bulb."

Today, Lundquist is a lobbyist, and he has represented some of the companies who appeared before the task force, such as BP, Duke Energy and the American Petroleum Institute. He did not return phone calls for this article

Who do we know was there?

1. One of the first visitors, on Feb. 14, was James J. Rouse, then vice president of Exxon Mobil and a major donor to the Bush inauguration

2. A week later, longtime Bush supporter Kenneth L. Lay, then head of Enron Corp., came by for the first of two meetings

3. On March 5, some of the country's biggest electric utilities, including Duke Energy and Constellation Energy Group, had an audience with the task force staff.

4. British Petroleum representatives dropped by on March 22, one of about 20 oil and drilling companies to get meetings.

5. The National Mining Association, the Interstate Natural Gas Association of America and the American Petroleum Institute were among three dozen trade associations that met with Cheney's staff, the document shows.

The list of participants' names and when they met with administration officials provides a clearer picture of the task force's priorities and bolsters previous reports that the review leaned heavily on oil and gas companies and on trade groups -- many of them big contributors to the Bush campaign and the Republican Party. But while it clears up much of the lingering uncertainty about who was granted access to present energy policy views to Cheney's staff, it does not entirely explain why the Bush administration fought so hard to keep it and other as-yet-unreleased internal memos secret.
The price of a gallon of gas was around a $1.50. The prices have nearly tripled under the Cheney-Exxon plan. How did the oil companies fare?

Exxon Mobil posts record profit of $10.7 billion

Record Earnings for Exxon

Shell and BP post record earnings

BP profits jump on back of record high oil prices

Enron Says, 'Oops'

UPDATE from July 31: Exxon breaks own record for biggest-ever profit

Thursday, July 24, 2008

Travis Childers update

I received this from Congressman Travis Childers this morning. He sends out these updates on a regular basis as one way to keep his constituents informed. You may sign up to receive the e-updates here. Receive Updates from Travis Childers


July 24, 2008

Dear Friends,

Small businesses make up one of the most important parts of our economy and communities in North Mississippi. Throughout the state, there are an estimated 216,700 small businesses, which employ more than half of Mississippi's non-farm workforce.

I'm a small businessman myself, as well as a member of the Financial Services Committee in the House of Representatives, and I understand the commitment it takes to build a successful business on tight budgets and limited resources. This week, I introduced the Invest in Small Business Act of 2008 to make it less difficult for small businesses to raise seed money and get off the ground. My bill will help encourage investment in small businesses by making it easier for business owners to attract investors, cutting taxes on investors, and making more small businesses eligible for tax cuts.

By encouraging individuals and corporations to invest in small businesses, we can help strengthen the economy in North Mississippi and create jobs here at home. This legislation is especially important for communities that are working to rebuild after Hurricane Katrina and are counting on small businesses to create jobs and help their communities rebound.

However, small businesses are too important for us to stop there. I recently signed on as a cosponsor of the bipartisan Small Business Health Options Program (SHOP) Act to make it easier for small businesses to provide quality, affordable health care to their employees. By offering incentives such as tax credits to small business owners and self-employed individuals, as well as an option for small businesses to form statewide or nationwide purchasing pools, the act allows businesses to decrease costs and increase the accessibility of employee health care coverage.

Rising gas prices are also taking a toll on small businesses, and I'm committed to providing some relief. Last week, I held my very first tele-town hall to introduce my six-point energy plan and speak with the people of the First Congressional District about their energy concerns. During the call, a small trucking company owner from Marshall asked if I had any ideas to help smaller businesses afford skyrocketing diesel fuel prices, which are even higher than the price of regular gas.

To provide relief for farmers and truckers faced with the heavy burden of rising fuel costs, I proposed diesel tax credits as part of my energy plan. Offsetting these costs also means that increased diesel prices are not passed on to consumers at the grocery store.

I'll be working hard to pass the Invest in Small Business Act and other measures to promote the success of small businesses, and will continue to do everything I can to create jobs and improve job security in North Mississippi.

Sincerely,
Congressman Travis W. Childers
First District, Mississippi


Wednesday, June 18, 2008

McCain flip-flops on offshore drilling, with brother Bush right behind him

John McCain is given a lot of credit by the press for being a political maverick. Whether he is really a maverick or not is going to be one of the major subjects of debate in the coming months. He is in great danger of damaging that maverick reputation with his recent political pandering on our energy crisis.

On Tuesday Senator McCain joined up with Big Oil in calling for the end of the moratorium on offshore drilling. McCain previously had been opposed to any offshore drilling, but in January of this year, while on the campaign trail he said that the decision of whether to drill or not should be made by the individual states. Yesterday he completed the reversal of position in Houston in front of a bunch of Big Oil executives, how appropriate

Within hours George W. Bush followed suit and also called for the end of the moratorium on offshore drilling. What these two jokers aren't telling you is that an increase in offshore drilling will do nothing to help effect the market until 2030. According to the Energy Information Administration, a statistical agency crested by Congress in 1977, it will be year 2030 before any significant impact on the oil market will be achieved by offshore drilling.

Similarly, lower 48 natural gas production is not projected to increase substantially by 2030 as a result of increased access to the OCS.
The real answer is to decrease demand and invest in clean energy research, not pandering to everyday Americans who are hurting at the pump by offering a solution that sounds great but is really just a windfall in profits for the corrupt oil and gas industry. The pander strategy did not work for Senator Clinton on the gas tax holiday and won't work for McCain either. This more than any other election is shaping up to be an election centered on policy. As long as McCain keeps flip-flopping in issues , and worse flopping the wrong way, we Democrats are in good shape.

Oh the irony, John McCain's "I am a global warming hero" ad just came on while I was writing this.

Saturday, April 26, 2008

Travis Childers on Big Oil

Travis Childers understands that our dependence on foreign oil is a major problem. Childers spoke at at Texaco station in Tupelo on Friday, where he denounced our dependence on foreign oil, and its implications on working class families in Mississippi. The Daily Journal had this to say:

Democratic congressional candidate Travis Childers stopped at a Texaco station here Friday afternoon to denounce rising gas prices and offer solutions if elected to the U.S. House of Representatives."We need to quit depending on foreign oil," said Childers, who is also Prentiss County's chancery clerk. "We need to start depending on ourselves and explore alternative energy sources."As a more immediate strategy, Childers recommended the nation ease the filling of its reserve fuel tanks to boost oil surplus and thereby lower gas prices.At the Texaco station, on the corner of South Gloster and South Green streets, gas prices posted were $3.54 for regular and $3.78 for premium. Childers estimated they were up 25 percent from last year and said some families can't afford to buy fuel anymore."It seems like everyone in Washington is concerned about everything but working-class families," he said. "I'm concerned about working-class families. I'm concerned about north Mississippians."He also said he would not take campaign contributions from big oil companies. Childers and Republican candidate Greg Davis, mayor of Southaven, will meet in a May 13 runoff election after both led an April 22 special election for U.S. House of Representatives' 1st District seat.

Wednesday, April 16, 2008

Welcome to a New Democratic Party: A Party That Fights Back!

The DCCC has bought advertising in response to a combined assault by Charles Gregory Davis and the crooked NRCC.

Here's the Report.

Chrississippi at Daily Kos describes the ad:
It's kind of a cartoony look at Davis' spending city money as Mayor to buy himself a tricked-out SUV "to pick up energy leaders" and then how energy prices skyrocketed. The cartoon SUV keeps driving right up the steps of the Capitol building, and the tag line is something like "If Greg Davis gets into Congress, he'll fit right in."


This is backed up by facts unlike the NRCC's ad that relies on websites of unknown origin.

Thank you DCCC!

Monday, March 10, 2008

This Is America

If we say we are going to raise fuel efficiency standards then we will

I went to Detroit and said that.

We need a leader who will tell us what we need to hear, not simply what we want to hear.

Crowd likes talk about proper training for troops and proper equipment

(Iraq) is distracting us from the battle we should have fought.

The war in Iraq was an unwise war.  That's why I opposed it in 2002 and that's why I'll end it in 2009.