What bills did Bush veto that the Dems offered that would lower fuel prices, caused the sub prime problems?
Posted by admin as Fuel Prices
I hear Bush vetoed bills that caused our economy to slow down, name the bills the the dems proposed tho stimulate the economy,lower fuel prices by possilbly drilling here?. Also name the bills the Bush vetoed to cause the sub-prime mess?.Fuel prices killed our economy and the dems are doing nothing to help us tap into our own natural resources.
ONE PIECE OF LEGISLATION IS WHY OIL IS THROUGH THE ROOF
Lay, DeLay, Gramm, Gramm & Clinton
Republicans offer the same old tired slogans that they have touted throughout the Bush years and that haven’t done anything to combat the increase in gas prices
- More Drilling: Domestic drilling has not led to lower prices. Since 2000, drilling has increased dramatically – climbing about 66 percent– while gas prices continue to increase. and gas companies have shown that they cannot keep pace with the rate of drilling permits that the federal government is handing out – over the past 4 years they have received and are sitting on nearly 10,000 permits that they aren’t using to increase domestic production. Since 1999, drilling permits for oil and gas development on public lands increased more than 361 percent.
- OCS: The vast majority of federal oil and gas resources located on the OCS are already open for development – of all the oil and gas believed to exist on the OCS, nearly 80% of oil and 82% of natural gas is located in areas already open for leasing. In 2006, the federal government opened 8.3 million new acres in the Gulf of Mexico to drilling, yet gasoline prices have increased by $1.69 per gallon. Only 10.5 million of the 44 million leased offshore acres are actually producing oil or gas.
- Open ANWR: EIA estimates that if we open ANWR today, twenty years down the road, at peak production, gas prices would be lowered at the maximum by $1.44 per barrel, which translates to only a few cents a gallon. Increased conservation and the use of alternative technologies in the last three years have cut the projected need for imported oil between now and 2050 by more than 100 billion barrels (EIA) – ten times more benefit than what we might be able to get a decade from now from ANWR.
- More Refineries: We have excess refining capacity. Last week, our refineries were running at 89% capacity – well below the 95-98% capacity use rates we’ve seen this time of year for the last decade. Republicans argue that environmental regulations are preventing new refineries from being built in the U.S. From 1975 to 2000, the U.S. Environmental Protection Agency (EPA) received only one permit request for a new refinery, which was approved. In addition, oil companies are regularly applying for – and receiving – permits to modify and expand their existing refineries.
Republicans and Democrats have a fundamentally different approach to tackling high gas prices. Democrats are being aggressive today to lower prices and reduce dependence on foreign oil while thinking ahead to tomorrow
- Working to Address Rising Gas Prices
- Enacted legislation to increase oil supply by temporarily suspending the fill of the Strategic Petroleum Reserve, the nation’s crude oil stockpile. (H.R. 6022)
- Gave the FTC new authority to crack down on those manipulating wholesale energy markets to keep prices high in the Energy Independence and Security Act (H.R. 6)
- Approved the Gas Price Relief for Consumers Act (H.R. 6074) to hold the OPEC monopoly accountable for price fixing that flouts the free market and artificially drives up the cost of crude oil.
- Passed the Federal Price Gouging Prevention Act (H.R. 1252) to investigate price gouging by retailers who may be using the cover of high prices to unfairly inflate their rates even further.
- Investing in a Sustainable, Energy Independent America
- Enacted the landmark Energy Independence and Security Act (H.R. 6) that raised vehicle fuel efficiency for the first time in 32 years and increased the renewable fuels standard.
- Passed the Renewable Energy and Energy Conservation Act (H.R. 5351) to end unnecessary subsidies to oil companies making record profits and invest in clean, renewable energy and energy efficiency.
- Approved the Renewable Energy and Job Creation Act (H.R. 6049) to renew and expand tax incentives for renewable energy.
- Passed the Food and Energy Security Act (H.R. 2419) that promotes the development of biofuels, including those from non-corn sources.
If costs go up then of course prices go up. But why then would profits go up? Shouldn’t it be a wash? YEP
But here’s another wrinkle…the cost for Middle East oil producers hasn’t gone up!
Oil executives and speculators are getting rich on the backs of American consumers. Indeed, on average, it costs a company such as ExxonMobil about $20 to extract a barrel of oil, which in turn is sold for more than $115 a barrel. Refiner profit margins have also been soaring at vertically integrated oil companies, which helps explain how the largest five oil companies in America have posted more than $550 billion in profits since 2001
John McCain doesn’t think it’s “too important” when and if our troops ever come home. Just as long as they stop getting themselves killed over there!
Iraq and Iran have met and agree the Number One impediment to progress there is the presence of US Troops. Whose out of touch now Grandpa?
New polling shows Obama beating McCain in the General Election, but remember it’s just a snapshot in time. We have work to do. Right wing Talk Shows are smearing Obama everyday with lies and even allegations of “terrorist hand signals”. Sheesh. Desperate men do desperate things. Obama has set up a website for you to report any smears and to fact check the ones that are already out there.
And I’ve included a little IQ test for you today. Test your Candidate IQ!
Head ot the FTC was an Exxon Mobil lawyer until 2005
Currently the Head of the FTC is William E. Kovacic who has done nothing with the new authority Congress gave him in 2007
DUMB JOHN MCCAIN QUOTES
When the troops come home “is not too important”
Here’s Senator John Kerry’s response AND Senator John Thune’s attempt at damage control
IRAQ AND IRAN TALK
THE NUMBER ONE PROBLEM IS THE PRESENCE OF AMERICAN TROOPS
Americans ask “IS THERE PROGRESS IN IRAQ?” Answer – No one knows
Obama widens lead against John McCain
Sen. Obama leads among independent voters, 41% to 36%.
Most women however do not know that Granpa’s position on ROE v WADE is to ABOLISH it completely.
Senator Obama has a new website to fight the smears and rumours that are spread about him and his wife Michelle. If you see something SAY something.
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