In the history of confidence schemes, scam artistry, grifting, and flim-flam, perhaps no single entity has been as successful at it as the oil companies.
They have successfully conned the American public into believing that the price at the pump is tied to crude supply – then using the fear of price increases to push for a lifting of the moritorium on offshore drilling. It is a bait and switch scheme being perpetuated on a massive scale.
Case in point – today on CNN online, the following two stories were running simultaneously:
Oil Prices Fall To Seven Month Low
Gas Prices Surge Nearly 5 Cents
What’s really to blame for price increases at the pump – SPECULATION!
According to congressional report released last week, speculation – not global supply or economic conditions – was the single largest factor influencing the price of gas.
“It was not rising demand and falling supply that drove the prices up. Because, OPEC said this week that it is going to cut crude oil production, because there is excess oil in the market. Thus, the theory of supply-demand-driving up oil prices is a clever ploy from speculators and manipulators,” says Commodity Online’s Nandita Sen.
Remember folks – offshore drilling is NOT THE ANSWER!
The Florida Coastal and Ocean Coalition is a group of environmental, civic, business and outdoor organizations working together to conserve, protect and restore Florida’s coastal and marine environment. The Coalition has a Sign-on petition to preserve the congressional offshore drilling moratorium. On September 15 the Coalition issued a press release regarding support for a continuation of the moratorium by the Florida Restaurant & Lodging Association that stated, in part:
“The Florida Restaurant & Lodging Association remains committed to policies that preserve and protect Florida’s most critical economic tourism asset – its beaches. We urge Congress to carefully consider the reasons behind the current status of off-shore drilling policies in the Gulf of Mexico. We must continue with legislation that considers the broader potential economic and environmental impacts that could occur as a result of any changes allowing closer drilling to our pristine beaches.
We recognize that our elected leaders must find an approach to best meet America’s long-term energy needs and to minimize our nation’s oil dependency, we just don’t want this policy to threaten Florida’s most critical economic assets, its natural resources. For Florida, this means we must craft a rational and cautious drilling policy that maintains a significant buffer as far from our Gulf shoreline as possible, using technologies that best protect against any possible leaks or spills which might threaten our tourism economy.”
Something to keep in mind come election time.
Seventeen of California’s 19 House Republicans have signed a letter supporting drilling off the state’s coast.
They sent the letter to Speaker Nancy Pelosi of San Francisco on Thursday as House Democrats assembled an energy package that would allow offshore drilling if states opt in.
The lawmakers, led by Ken Calvert of Corona, focus on revenue drilling could generate for the state if California opts in and if states are given a cut of the royalties.
Pelosi opposes drilling off the coast of California, as does Republican Gov. Arnold Schwarzenegger.
The two Republican House members who didn’t sign were Mary Bono Mack of Palm Springs and Brian Bilbray of Carlsbad.
In response to this, Governors Gregoire of WA, Kulongoski of OR, and Schwarzenegger of CA reiterated their opposition to new offshore oil and gas development by sending a letter to Secretary of the Interior Dirk Kempthorne commenting on the Minerals Management Service’s Five-Year Outer Continental Shelf (OCS) Oil and Gas Leasing Program: 2010-2015.
“We urge the federal government to look for realistic short- and long-term solutions to our energy problems instead of pursuing a course that would be devasting to the environment and would not provide the fundamental economic relief that consumers seek”, stated Governors Gregoire, Kulongoski, and Schwarzenegger in the letter.