Topic: Gouge Us Baby One More Time
Bestinshow's photo
Wed 04/27/11 03:13 PM
Gas prices have been edging up since February, reaching $4 a gallon this Easter, and Republicans are gearing up to make a stink about it. To blame Democrats, that is, for setting things up this way.

Blaming green energy initiatives for driving up prices, House Republicans are planning to hold hearings on a slurry of bills aimed at expanding domestic oil production in response to high gasoline prices. Even the President admits gas prices effect his standing in the polls.

But it should be easy enough to fight back. While the five biggest oil companies report historically high profit earnings, the same GOP that would slash juice programs for poor kids in school stands firm for federal subsidies for big oil.


It's enough to make your head spin. But then again, so is this country's entire relationship with big oil.

Like a marriage from hell. Americans keep getting beaten up environmentally, politically and at the pump. And even as we're beaten up, we shell out: in subsidies, tax breaks, and troops sent around the world to die and kill in defense of the interests of Big Oil.

While Americans keep paying; Big Oil keeps on profiting. The top five companies together made a greasy trillion dollars profit over the last decade. That's Trillion with a T. Yet Republican budgets would lay off the regulators even as they lay on the corporate welfare.

House Republicans marked the anniversary of the BP oil spill by voting unanimously FOR extending oil subsidies again this year.

It'll come as no surprise that for its first round of political contributions for the 2012 cycle, BP handed out a total $29,000 and it went almost entirely to House Republican leaders.

The President’s response so far has been to initiate a task force to investigate illegal commodities trading. But as Public Citizen reports, it's not the illegal but the legal speculation that's most to blame.

And progressive Democrats offer the President a far stronger way to go. Tax dirty energy companies, end corporate welfare, and impose a tax on commodities trading. Instead of getting on the defensive and easing up on drilling the White House should ask Senator Bernie Sanders about his end-to-subsidies bill.

The President needs to take a moral stand against Big Oil for all our sakes, before Drill Baby Drill becomes Gouge Us Baby One More Time.

http://www.smirkingchimp.com/thread/laura-flanders/35801/the-f-word-oil-prices-gouge-us-baby-one-more-time

msharmony's photo
Wed 04/27/11 03:21 PM
gas prices are increasing all over the globe, not just the US,,,,so

I would first look at OPEC, who is deemed with finding ways to keep prices stabilized,,,

Bestinshow's photo
Wed 04/27/11 03:25 PM
Edited by Bestinshow on Wed 04/27/11 03:26 PM

gas prices are increasing all over the globe, not just the US,,,,so

I would first look at OPEC, who is deemed with finding ways to keep prices stabilized,,,
Main culprit is the fed. Dollar has lost its value so it takes more to buy. Second culprit is the speculators. Saudi Arabia has cut production due to the fact that there is plenty of oil on the market and that is true.

boredinaz06's photo
Thu 04/28/11 12:26 PM


gas prices are increasing all over the globe, not just the US,,,,so

I would first look at OPEC, who is deemed with finding ways to keep prices stabilized,,,
Main culprit is the fed. Dollar has lost its value so it takes more to buy. Second culprit is the speculators. Saudi Arabia has cut production due to the fact that there is plenty of oil on the market and that is true.


I agree, the dollar kept the world stabelized and with Bill Clinton in 1999 overturning the FDR law from 33 by allowing banks to gamble with our money and come up with get rich quick schemes such as sub prime mortgages caused this fiasco.

mightymoe's photo
Thu 04/28/11 12:43 PM

gas prices are increasing all over the globe, not just the US,,,,so

I would first look at OPEC, who is deemed with finding ways to keep prices stabilized,,,


yea, i think Venezuela's gas prices are up to about 12 cents a gallon now, rising by 2 cents...and what is the gas price in Saudi right now?

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo 6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

Source: air-inc.com

http://money.cnn.com/pf/features/lists/global_gasprices/

msharmony's photo
Thu 04/28/11 12:48 PM
no surprise there, the ones with the most control of oil have the lowest prices,,otherwise most of the rest of the world is at their mercy and paying more

mightymoe's photo
Thu 04/28/11 01:58 PM

no surprise there, the ones with the most control of oil have the lowest prices,,otherwise most of the rest of the world is at their mercy and paying more


you noticed that too, huh...