Energy. Part II.

I figured it was about time to give John McCain his voice in my blog. I gave the mic to Obama, right? After a little research, I will give you some insight into the McCain’s Energy plan. Until today, drilling seemed to the biggest issue between the two canidates. McCain stood by the drill, drill, drill mentality. This involves the federal government removing a morotorium for offshore drilling. McCain and Obama both now support offshore drilling as a part of major energy package. His plan calls for a $5,000 tax subsidy on hybrid/low-emission vehicle. The plan goes through many proposals that may/may not come true. I won’t sit here and restate facts that you can read from his website.

I find a couple of things interesting. His speeches reinforce ad nauseum how drilling is the key issue here. It gets murky when I try to put logic to it. I pondered it. I listened to pundits go back and forth. Supply. Ok, increase the supply, now we are moving. Americans won’t see that supply refined for 5-10 years. Ok, it provides security that down the road we will have oil. Isn’t the whole point to decrease dependence on oil? In 10 years, I hope I’m driving a hydrogen fuel cell. If not, domestic oil production increase might provide much needed to relief to the American consumer down the road. Even though oil/inflation has increased my cost of living, it has brought an issue I hold near/dear: energy. Why were the best and brightest not thinking ahead? Other countries are there. Others aren’t. It pains me how much a hurricane/Iranian sabre parading causes oil to spike up 5 bucks. I’m ready for America to control America. Energy independence in whatever form/shape is the key. It is the issue of our generation. Who owns/drills it/harvests/kills/whatevers for it wins.

I listen/read that many oil companies untapped properties that they are sitting on currently. Supply. So should legislation force companies to drill/harvest on land? Supply manipulation? Maybe. I won’t put my tinfoil on just yet. McCain should add this to the legislation. Uncle Sam says drill. Do it.

I know this post appears to be very one sided. Mr. McCain and I agree on tax subsidy for hybrid/ulev cars. Demand. We agree on the diversification of the American energy portfolio. I am a huge natural gas advocate. America has a huge supply. It’s clean. It hooks up to Honda Hydrogen coverters.

Lastly, we traded 50 contracts of .QQQIS. Bought at various prices, sold at 1.58. Grand total: 200 dollars. It was a weird day in stock land. Oil down. Markets down. Everyone holds their position before the Fed talks. 2:15 tomrrow.

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You’re currently reading “Energy. Part II.,” an entry on The Propaganda of Me

Published:: August 5, 2008 / 3:54 am

Category:: Uncategorized

Tags:: barack obama, democrats, energy, financial, john mccain, oil, politics, republicans, stocks, tax subsidy

Pretty in Pink 8.5.08 / 4am

hi boo … nice post. hehehehe

jeff roensch 8.6.08 / 12am

The only energy or oil monopoly in this country is a governmental institutionalized monopoly on our country energy market. The legislative branch has been engaging in anti-competitive energy practices from drilling to building new refineries and much more. They are in clear violation of the

“Sherman Antitrust Act
This Act expresses our national commitment to a free market economy in which competition free from private and governmental restraints leads to the best results for consumers.” http://www.usdoj.gov/atr/contact/newcase.htm#file

Clearly the governmental restraint are in violation of a free market economy and is criminal negligence on the part of the liberal politicians who are the real cartel that profit in taxes more then 3 to 1 to the oil companies that actually work for their money and then have to pay taxes on top of that. So when Oil profits go up the tax revenue increase is 3 times that of the oil companies. So who do you think is the real cartel???

This criminal incompetence of the democrats and legislative politicians anti free market energy economy in allowing American companies to meet American Oil needs is in need of change and with bush opening up offshore drilling it is time that we conservatives take a page from the left wing play book and for us to us the judicial system in upholding our laws and open up drilling.

Why dose the Senate call for investigations on big oil? Because they are trying to transfer the blame off of them by placing the blame on someone else. By placing the blame on the oil companies and keep people from seeing that government is the true problem they are able to offer false hope in an effort to gain more power and money from taxes while eliminating a free market economy in our country and forcing us to send our money to unfriendly Middle Eastern countries.

Why should we drill?
1) Create more high paying jobs for Americans
2) Become energy independent and stop sending $700 billion to middle eastern countries that support terrorism
3) Invest the $700 billion in America
4) $700 billion is 6% of the yearly US economy, and investing this in America would do what to our economy? Lower inflation and strengthen the US dollar?
5) Instantly drop the price of oil because oil Speculators like me would invest in commodity producers that provide the product like Exxon, Chevron, BP, Shell, because this is the smart investment. When Oil Speculators transfer investments the Oil price falls on the stock market.

The Propaganda of Me

Energy. Part II.

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