Wolf Howling: Two Competing Visions On Energy

Friends,

Here is more on the lies that are being told about the oil crisis by both political parties, the ones who are really responsible for the mess that we are now in.

Wednesday, June 11, 2008

Two Competing Visions On Energy

I do not know how long the Democrats can keep selling their snake oil
on gas prices -blaming it all on Republicans and Big Oil while they
appease the radical environmental lobby, preventing the exploitation
of our own oil and coal resources while blocking new refiniries and
nuclear plants. This is thrown into stark relief today by Rep. Roy
Blunt (R-Mo) via Powerline:

Explanation: Methodology: Retail gasoline prices are the result of
literally hundreds of factors including crude oil supply, global
demand, refinery capacity, regulation, taxes, weather, the value of
the dollar, etc. Therefore it is impossible to say with certainty what
one individual action will do to the overall price. However, based on
what we know about the impact of crude oil supply and prices it is
possible to develop some potential ranges of impact on gasoline prices
for certain policy changes. For example, using the methodology
employed by Speaker Pelosi and House Democrats that suspending
shipments into the Strategic Petroleum Reserve (between 40-77,000
barrels of oil a day) would reduce gas prices by at least 5 cents,
bringing ANWR online (at least one million barrels of oil a day) could
impact gasoline prices by between 70 cents and $1.60.

As I wrote in Republicans Ponder the Abyss, one of the four keys to
Republican survival and resurgence is effectively communicating. Hats
off to Rep. Blunt who is doing precisely that. I wonder if he would
loan that chart to McCain?