Top Oil Executives “Try” to Teach Congress Linear Thinking 101 in Attempt to Provide America Lower Prices
June 19, 2008 by Capt. Karl
I am going to check into the veracity of some of these statements, and if correct, I shall post this on my blog, Skip. http://captkarl.blogivists.com/
I am so mad about the FACT that Congress doesn’t care about We The People who not only are they supposed to
represent, but they are supposed to be OUR PUBLIC SERVANTS!
Skip, We can not afford to let these tyrants get away with this! We have to “e pluribus Unum” their arses! The American people must rise up! If we lose our prosperity to these despots, we may very well lose our Constitution, our FREEDOM, our American Culture and our prosperity, forever.
I HAVE strong evidence that THE FEDERAL RESERVE, and their “good old boys Club of cronies” called The Trilateral Commission www.trilateral.org are behind all of this. Their primary mission is to develop a One World Government with the forty guys who own The Federal Reserve completely in charge of the world wide Socialist “Matrix” where they tax every breath taking human being and redistribute wealth according to their own dictates. There are things going on in the world right now and in The United States that is absolutely so insane and what we would believe to be impossible in the “real” world that it is hard to fully grasp or comprehend. For example the NAFTA Super Secret Highway, which is up to 4 Football Fields – end to end wide (1200 yards wide) that is being built by confiscating Thousands of Square MILES of private land through the “Eminent Domain” process – land being stolen from private INDIVIDUAL citizens all the way from Mexico to Canada, by the U.S. Government operating under orders by THE FEDERAL RESERVE who, according to The Grace Commission Report, by a Blue Ribbon panel setup by President Reagan, collects and owns for their own private company use, every last nickel of American Income Tax Dollars! Why the hell are we paying a PRIVATE COMPANY income taxes? They can all go to hell as far as I am concerned! What are we, as a FREE people, doing to ourselves by allowing this? All we have to do, AS A FREE people, is put our feet down and say NO! The U.S. Government and both houses of Congress are our SERVANTS not our Masters!
Now, let me get this straight, as to the implications of what we know to be true from the Grace Commission Report:
- The U.S. Government doesn’t get a single nickel of Taxpayer Income Taxes, for the services we believe they are supposed to do, because it is primarily sucked up by interest payments owed to The Federal Reserve and used for income tranfer payments. So,
- They don’t get any money from us American Citizens, what-so-ever, that is used for the operations of the U.S. Government.
- The U.S. Government needs TRILLIONS of Dollars to function as it does with the size of it.
- The only entity that The U.S. Government can get ANY money is from the PRIVATE banker of THE FEDERAL RESERVE SYSTEM, a cartel of 12 PRIVATE banks which is owned and “closely held” by only forty mega-powerful people.
- The U.S. Government has to get every penny they exist on from THE FEDERAL RESERVE which is a PRIVATE company that is as “Federal” as Federal Express, and without that money they would be instantly and factually shut down.
- Because the Federal Reserve is a “private” company they have the right to refuse lending to anybody or entity they don’t want to or feel is too risky, including the U.S. Government.
- What happens to the U.S. Government, considering the above facts as reported by The Grace Commission which is publically available from several sources (here is one: http://www.uhuh.com/taxstuff/gracecom.htm , if the FEDERAL RESERVE decides not to fund it for whatever reason they want?
- What if the U.S. Government doesn’t do what THE FEDERAL RESERVE “advises”? Do they stop funding the U.S. Government? They can!
- So who is in control of The U.S. Government if they don’t get a single nickel of our tax dollars, but rather, solely receives money funded by THE FEDERAL RESERVE (a private company)?
- How much interest profits does THE FEDERAL RESERVE SYSTEM make from this arrangement, unconstitutionally setup, by the U.S. Congress as a direct cost to all American taxpayers, get anyway? Wouldn’t it be nice if we could keep OUR OWN MONEY from our EARNINGS? What the heck is the matter with us? Why are we putting up with this insanity?
I will post your article, Skip, as soon as I am done with confirmation.
Thanks for the info, Skip, and check out my blog. Man, I can’t tell you how mad I am with both houses of Congress. And the level of temper raises with each time I fill my fuel tank! I think Congress and the rest of the U.S. Government are trying to weaken us financially and spiritually to prepare to give us “The Final Ultimatum”. With what Congress is doing to us with the price of gasoline and all energy, under the TOTAL B.S. of “Global Warming” being caused by mankind, I honestly believe they are out to get us and place us in the chains and bondage of “The Matrix” taxation vats of a Socialist One World Government, where they, THE FEDERAL RESERVE SYSTEM draws super financial energy from us, program us, where we have NO WHERE to run, no place to escape, and where resistance is futile.
Why, you need to ask yourself, are they building a colossal super wide super NAFTA highway, secretly behind our backs? See my blog for more info and video reports: http://captkarl.blogivists.com/
Capt. Karl
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You be the judge as to why our gasoline prices are high.
May 21, 2008 Earlier today, the Senate Judiciary Committee summoned top executives from the petroleum industry for what Chairman Pat Leahy thought would be a politically profitable inquisition. Leahy and his comrades showed up ready to blame American oil companies for the high price of gasoline, but the event wasn’t as satisfactory as the Democrats had hoped.
The industry lineup was formidable: Not surprisingly, the petroleum executives stole the show, as they were far smarter, infinitely better informed, and much more public-spirited than the Senate Democrats.
John Lowe pointed out: I cannot overemphasize the access issue. Access to resources is severely restricted in the United States and abroad, and the American oil industry must compete with national oil companies who are often much larger and have the support of their governments.
We can only compete directly for 7 percent of the world’s available reserves while about 75 percent is completely controlled by national oil companies and is not accessible. Stephen Simon amplified: Exxon Mobil is the largest U.S. oil and gas company, but we account for only 2 percent of global energy production, only 3 percent of global oil production, only 6 percent of global refining capacity, and only 1 percent of global petroleum reserves. With respect to petroleum reserves, we rank 14th. Government-owned national oil companies dominate the top spots. For an American company to succeed in this competitive landscape and go head to head with huge government-backed national oil companies, it needs financial strength and scale to execute massive complex energy projects requiring enormous long-term investments.
To simply maintain our current operations and make needed capital investments, Exxon Mobil spends nearly $1 billion each day. Because foreign companies and governments control the overwhelming majority of the world’s oil, most of the price you pay at the pump is the cost paid by the American oil company to acquire crude oil from someone else. Last year, the average price in the United States of a gallon of regular unleaded gasoline was around $2.80. On average in 2007, approximately 58 percent of the price reflected the amount paid for crude oil. Consumers pay for that crude oil, and so do we. Another theme of the day’s testimony was that, if anyone is ‘gouging’ consumers through the high price of gasoline, it is federal and state governments, not American oil companies. On the average, 15% percent of the cost of gasoline at the pump goes for taxes, while only 4% represents oil company profits. These figures were repeated several times, but, strangely, not a single Democratic Senator proposed relieving consumers’ anxieties about gas prices by reducing taxes.
The last theme that was sounded repeatedly was Congress’s responsibility for the fact that American companies have access to so little petroleum. Shell’s John Hofmeister explained, eloquently: While all oil-importing nations buy oil at global prices, some, notably India and China, subsidize the cost of oil products to their nation’s consumers, feeding the demand for more oil despite record prices. They do this to speed economic growth and to ensure a competitive advantage relative to other nations.
Meanwhile, in the United States, access to our own oil and gas resources has been limited for the last 30 years, prohibiting companies such as Shell from exploring and developing resources for the benefit of the American people. Senator Sessions, I agree, it is not a free market. According to the Department of the Interior, 62 percent of all on-shore federal lands are off limits to oil and gas developments, with restrictions applying to 92 percent of all federal lands. We have an outer continental shelf moratorium on the Atlantic Ocean, an outer continental shelf moratorium on the Pacific Ocean, an outer continental shelf moratorium on the eastern Gulf of Mexico, congressional bans on on-shore oil and gas activities in specific areas of the Rockies and Alaska, and even a congressional ban on doing an analysis of the resource potential for oil and gas in the Atlantic, Pacific and eastern Gulf of Mexico.
The Argonne National Laboratory did a report in 2004 that identified 40 specific federal policy areas that halt, limit, delay or restrict natural gas projects. I urge you to review it. It is a long list. If I may, I offer it today if you would like to include it in the record. When many of these policies were implemented, oil was selling in the single digits, not the triple digits we see now. The cumulative effect of these policies has been to discourage U.S. investment and send U.S. companies outside the United States to produce new supplies. As a result, U.S. production has declined so much that nearly 60 percent of daily consumption comes from foreign sources. Later in the hearing, Senator Orrin Hatch walked Hofmeister through the Democrats’ latest efforts to block energy independence:
HATCH: I want to get into that. In other words, we’re talking about Utah, Colorado and Wyoming. It’s fair to say that they’re not considered part of America’s $22 billion of proven reserves. HOFMEISTER: Not at all. HATCH: No, but experts agree that there’s between 800 billion to almost 2 trillion barrels of oil that could be recoverable there, and that’s good oil, isn’t it? HOFMEISTER: That’s correct. HATCH: It could be recovered at somewhere between $30 and $40 a barrel? HOFMEISTER: I think those costs are probably a bit dated now, based upon what we’ve seen in the inflation… HATCH: Well, somewhere in that area. HOFMEISTER: I don’t know what the exact cost would be, but, you know, if there is more supply, I think inflation in the oil industry would be cracked. And we are facing severe inflation because of the limited amount of supply against the demand. HATCH: I guess what I’m saying, though, is that if we started to develop the oil shale in those three states we could do it within this framework of over $100 a barrel and make a profit. HOFMEISTER: I believe we could. HATCH: And we could help our country alleviate its oil pressures. HOFMEISTER: Yes. HATCH: But they’re stopping us from doing that right here, as we sit here. We just had a hearing last week where Democrats had stopped the ability to do that, in at least Colorado. HOFMEISTER: Well, as I said in my opening statement, I think the public policy constraints on the supply side in this country are a disservice to the American consumer. The committee’s Democrats attempted no response. They know that they are largely responsible for the current high price of gasoline, and they want the price to rise even further. Consequently, they have no intention of permitting the development of domestic oil and gas reserves that would both increase this country’s energy independence and give consumers a break from constantly increasing energy costs. |
