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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: PROLIFE who wrote (767405)	5/19/2008 7:42:03 PM
From: BEEF JERKEY	Read Replies (1) \| Respond to of 769670

A rumor out there is that Venezuela and Iran are both using super tankers to hoard oil and keep it off the world markets contributing to the higher prices. Do you honestly believe with all the bellicose rhetoric Bush has pointed in both countries direction that they would pass up an opportunity to stick it to him? The thing is its getting to the point where OPEC actually makes more money by reducing supply. eg. 3.8 million barrels @ $125 actually puts more dough in Iran's pockets than 4 million barrels @ $105. The thing is I could pass this off as political posturing as the higher price of gas doesn't really affect me personally much at all but the thing to worry about is the trade imbalance the high cost of oil causes. Its a totally ignored National Security issue that is clear and present.

To: PROLIFE who wrote (767405)	5/21/2008 5:02:51 PM
From: BEEF JERKEY	Read Replies (1) \| Respond to of 769670

"Congressional Insanity: Sue OPEC over Oil Prices" globaleconomicanalysis.blogspot.com "Congressional Arrogance The arrogance of Congress is amazing. Congress actually thinks it can pass legislation the rest of the world must follow. Imagine the outrage if China passed laws and told the US what to do! China, Saudi Arabia, Brazil, Iran, and five dozen other countries should all issue a joint statement. It should read as follows: If you are wondering why oil prices are high you should look into a mirror. You are blowing $trillions in Iraq, wasting countless billions on housing bailout plans, you have troops stationed all over the world, wasting energy at great expense. The taxes you are collecting do not meet your expenses, on anything. Look at your latest farm bill, your tariffs on ethanol and your policies on grains, all of which are driving up prices. It's no wonder the the US dollar is falling. Your president and treasury pay lip service to a "strong dollar policy" but the actions of Congress and your administration are doing everything they can to destroy the dollar. Instead of trying to write laws for the rest of the world, please take care of your own business. Mish Oil Plan Eliminate ethanol subsidies (Brazil produces ethanol at 1/3 our cost but we will not allow ethanol imports) Eliminate crop subsidies Eliminate all tariffs and all subsidies Adopt a balance budget (This will strengthen the US dollar, dramatically) Get out of Iraq, Europe, Japan, and damn near everywhere else (This will ease geopolitical tensions and have Iraq pumping oil within 4-5 years or less) End US imperialism (This is very dollar supportive) Legalize hemp for fiber production and biofuels (This will reduce the need for petroleum based fibers, and hemp will be far better at producing biofuels than corn) Let the free market find a solution (If Congress would get the hell out of the way, the free market will find a practical solution) Instead Congress wants to sue OPEC. In a way, suing OPEC is innocuous because it is a pointless waste of time and going nowhere. I talked about this idea recently in Congress Whistled Offsides. However, this is very frustrating to me because the answers are so easy. I am all in favor of being able to tell OPEC where to go. But the plan has to start with free market principles, not US imperialism or Congress attempting to dictate laws for the rest of the world."