-Caveat Lector-
Nurev Ind Research wrote:
>
> September 21, 2000
>
> Public Citizen Supports Release of Oil from
> Strategic Reserve
>
> Statement of Wenonah Hauter
>
> Director, Public Citizen’s Critical Mass Energy and Environment Program
>
> It’s about time that the Clinton administration stands up to Big Oil and
> attempts to stop the manipulation and profiteering by oil interests. Release
> of
> oil from the Strategic Petroleum Reserve, as suggested by Vice President Gore
> today, will help stabilize roller-coaster prices that hurt families and
> threaten our
> economy.
This is all wrong and this woman is an idiot. The release of some of the strategic
reserves is a political stunt. It has little or no effect on the price of oil.
Opec and the world's Big oil hustlers got the wink from our esteemed
Administration to raise prices so that countries with petroleum based economies
could pay off Western Banks' loans. I suspect they want their money before Euro
and the Global economy tanks.
This is a huge wealth transfer scheme moving money from your pocket thru the
oil industry to Wall Street.
This move by Gore is to appear compassionate. With YOUR OWN MONEY. He's not
removing taxes from the price of oil because that comes out of Gov pockets.
He's not putting a ceiling on oil and gas profits because he's a Big Oil
corporate whore. So this way, you dear taxpayer get to pay for your own
negligible relief. And he gets a big public fuzzy.
>
> However, it is disgraceful that almost 30 years after the oil crisis of the
> early
> 1970s consumers are still suffering from our addiction to oil. Oil interests
> have
> used their enormous political power to stop public policies that advance the
> use of energy efficient appliances in our homes and increase the average fuel
> economy of our cars. Gore must live up to his word and show leadership by
> increasing fuel efficiency, putting resources into expanding alternative
> energy
> sources and ending corporate oil subsidies.
WHO is going to do this??? Mr. Oxy?
> It is reprehensible that this industry, with sky-rocketing profits, is allowed
> to
> continue gouging consumers. Lehman Brothers reported recently that profits
> from the four largest oil companies are expected to more than double to a
> combined $50 billion this year alone! Just in May, Public Citizen found that
> Texaco increased its net income by an astounding 473%, in the first quarter of
> 2000. With such incredible profits, these companies can afford to live without
> corporate welfare and lower the gas prices.
>
> Gore’s proposal will help in the short-term, but he will have to stand up to
> corporate interests in the long term, if he is elected president.
This woman has as much political savvy as my fish.
Joshua2
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