"OIL FACT SHEET for us. Print it and carry it WITH YOU please."

[orleans]

There is no shortage of permits to drill on off shore acreage. Oil companies sit on those permits and don’t produce oil until the price is sky high in order to exploit the market. They are controlling the price through unregulated speculation and then once they get the price nice and artifically high they sell. Sound familiar?

That’s because It’s the Enron scam.
http://query.nytimes.com/gst/fullpage.html?res=940DE6DD1430F934A35756C0A9649C8B63&sec=&spon=&pagewanted=print

Hearings were held TWO WEEKS AGO and I’m not stopping until the rest of the NEWS organizations TELL THE PEOPLE THE TRUTH!

WATCH THE REPORT
http://www.msnbc.msn.com/id/21134540/vp/25217169#25217169
(or http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x149189 )

WATCH MICHAEL GREENBERGER TESTIFY BEFORE THE SENATE COMMERCE COMMITTEE
http://www.youtube.com/watch?v=zbdtTGYQBMU

Unregulated banking practices are also allowing out of control speculation on oil and gas. Unregulated banking practices also caused the HOUSING BUBBLE. Two Bear Stearns Managers were arrested today.

--from randi's website:
http://forums.therandirhodesshow.com/index.php?s=bb0d04cbcfdaf97164a217130e20d5c3&showtopic=2999

(i added the video link to du from hissyspit's video posting--it goes directly to the video)

[bleever]

1. Big K&R.

[Pharaoh]

2. Yup K&R

A bunch of criminals run our country......

[OneGrassRoot]

3. Thank you! K&R! n/t

[bonito]

4. K&R n/t

[The Doctor.]

5. Thank you. K+R.

I've been trying to compose a viral email that tells the truth about the oil crisis in simple terms. This will help greatly.

[uponit7771]

6. I called into NPR this morning and asked guest to explain the impact of Enron Loophole, I'm making..

...sure people hear about this as much as possible.

[Hissyspit]

23. The Diane Riem Show?

[ancient_nomad]

7. Thanks Much! KnR! n/t

[hootinholler]

8. Here's one you can print

PDF From the House Committee on Natural Resources.

-Hoot

[orleans]

9. let's print it here:

FROM THE COMMITTEE ON NATURAL RESOURCES

June 2008
Drilling Facts
81% of estimated oil and gas resources on federal lands both onshore and underlying federal waters offshore in the Outer Continental Shelf are available for development or will be accessible pending the completion of land-use planning or environmental reviews. The amount of oil and gas in these reserves is equal to 107 billion barrels of oil and 658 trillion cubic feet of natural gas.
•
The amount of oil which could be produced from these reserves is 10 times the amount that could be produced from opening up ANWR.
•
The amount of oil which could be produced from these areas represents over 14 years of current U.S. oil consumption (7.5 billion barrels per year).
•
The amount of gas which could be produced from these areas represents over 30 years of current U.S. gas consumption (21.8 trillion cubic feet of natural gas per year).
•
The production of these energy resources would provide the country with additional time to develop alternatives to oil and gas and reduce our dependency on energy imports.
68 million acres of federal lands both onshore and underlying federal waters offshore in the Outer Continental Shelf are currently being held by oil and gas companies with no production occurring on these leases.
•
That 68 million acres of leased but stockpiled federal oil and gas lands could produce an additional 4.8 million barrels of oil and 44.7 billion cubic feet of natural gas each day.
•
That would nearly double total U.S. oil production and increase natural gas production by 75%.
•
It would cut U.S. oil imports by one-third.
•
And it would be more than six times the estimated peak production from ANWR.

[hootinholler]

10. Thanks. If you're going to actually print it and pass it around...

I recommend the PDF, it has the nice letterhead.

-Hoot

[orleans]

11. i agree. (i couldn't copy and paste the letterhead)

--i'm thinking in terms of emails.

randi has been talking about this. she just said mccain is pushing this offshore drilling business as a distraction to the enron loophole. (at least that's what i think she said--i'm busy boiling peas and creamettes for a cold tuna salad.)

[hootinholler]

12. Here it is.

-Hoot

[orleans]

17. hey...how'd you do that??? you're amazing! n/t

[hootinholler]

18. Nah, I'm just an ancient in the tech industry.

It's simple really:

Open the pdf.
Click the selection tool (the arrow thingy, {why the ended up calling them icons is beyond me, I like thingy})
Select the image of the letterhead by dragging a box around it.
Click edit, then copy.
Open paint (assuming you're running a flavor of windows).
Click edit, then paste.
Click file, then save as.
type in a file name and select an image type, and save it.

Rinse, lather, yadda, yadda, yadda.

-Hoot

[Leopolds Ghost]

20. Translation: The US has only 14 years worth of domestic oil left in the ground

If oil companies were nationalized and it were all kept off the world
market. And assuming your figures are recoverable, not total.

We may think this is good news, and it actually is... for those who
understand that we need to wean ourselves from gasoline because
we ran out of new discoveries decades ago, and yet Americans
(liberals included) drive more every year, not less.

Just yesterday I get an e-mail from an Environmental Defense Fund asking
for political lobbying to bring down gas prices and invest in hybrids --
NO mention of conservation or self-sacrifice on the part of consumers --
arguing "we know it's important to use mass transit WHERE FEASIBLE, BUT..."

Where in the US is Mass Transit NOT feasible... again? Keeping in
mind that transit-oriented development in the US is illegal and we
spend the equivalent of a new railroad system every month in Iraq.

[bullwinkle428]

26. But Americans ARE driving less - according to the

Federal Highway Adminstration, as reported just a couple of days ago on NPR:

http://www.npr.org/templates/story/story.php?storyId=91658095&ft=1&f=1001

http://www.eere.energy.gov/news/news_detail.cfm/news_id=11790

[frickaline]

39. self-delete

[Clark2008]

40. It's not feasible where I live

The buses don't run out where I work. Seriously.

[hfojvt]

44. it's not feasible in any rural area

Nor in states like South Dakota, North Dakota, Nebraska, Montana because they are over 90% rural area. Although, even there I wonder why a few passenger cars couldn't be added to freight trains.

[frickaline]

41. Much as I hate to advocate chain email, this info is a perfect candidate. n/t

[NuttyFluffers]

13. kick for importance

:kick:

[JNelson6563]

14. Bookmarked and K&R

:toast:

[Fire Walk With Me]

15. Capitalism has bred the perfect capitalist.

[crickets]

16. Thank you - K&R

[DCKit]

19. I've been told, repeatedly, that I didn't know what I was talking about for the past year...

as I tried to explain to people here and in the real world that we're being Enron-ed. Good to know the truth is finally coming out.

BTW, if the Big Oil execs who've spent so much time in front of Congressional committees over the past year aren't in this up to their eyeballs, why have they continued to claim that market forces, shortages, terra-ists and every other reason on earth - with the EXCEPTION of commodities traders, hedge funds and sovereign funds - are responsible for $140/barrel oil?

You'd think anyone qualified to be the CEO of any of the Big Oil companies would have the resources, as well as the curiosity, to know what's driving costs within their own business through the roof. Did every one of them lie to those Congressional committees, or should they be working the fryer at McDonald's instead of heading multi-national corporations?

Just wondering.

[Leopolds Ghost]

21. Are you going to arrest them for a conspiracy to do what we all saw coming?

If I had $100,000 I would have invested it all in oil and gold at the
same time they did and I'd be able to reinvest the vast earnings into
something productive, sucks for all the gas-guzzlers and the shitty
auto infrastructure they have infested my country with, doesnt it?

Sorry but you are asking the Democratic Party to legislate against market
forces that are correcting for overconsumption of an increasingly rare
resource by applying neocolonial policies like they did with the diamond
market. The Democratic alternative is to subsidize gas, like corn and
milk. (How we put all those third world farmers out of business in the
first place.) Is the answer to the blood diamond industry to try and make
diamonds cheaper so that we can all buy diamonds at the supermarket
without having to worry about funding resource wars? No the answer is
to reduce demand while prosecuting the criminals who are attempting to
invade other countries and set up a criminal cartel.

[Hydra]

31. You aren't alone in being shouted down

But I'm used to it. I called the California energy crisis as it happened, I called the Bush/Christofascist disaster in 2001, I called the mortgage crisis and now I called the deliberate shortage of oil for profit.

I'm damn tired of how the naysayers get better face-time.

[McCamy Taylor]

22. They are manipulating whole electricity rates in Texas just like they did in California

back in 2001---with rates jumping from $100 a killowatt hour to $2500. This is driving prices sky high and retailers out of business in our deregulated electricity market. The wholesalers are the same people who own the biggest retailers and who are trying to force new nuclear plants down everyone's throats AND are the same people who have been manipulating oil prices through the Enron Loophole--i.e Goldman Sachs through its subsidiaries Luminant and TXU. This was in my most recent journal

http://journals.democraticunderground.com/McCamy%20Taylor/245

I mention this, because if these people are so brazen that they will try wholesale electricity price gouging tactics straight out of the Enron playbook you know that there is nothing that they will not do. They own the state government in Austin. The think they own the federal government in Washington.

[orleans]

24. they "think they own the federal government in Washington"

hell--*i* think they own the federal government in washington.

[TBF]

25. They do own the federal gov't right now - but not for much longer.

And I still don't understand why impeachment is "off the table". Makes you wonder how much Pelosi invested.

[orleans]

32. i believe the question is what did she know and when did she know it. n/t

[Subdivisions]

27. Good work. Now go and get us a Peak Oil fact sheet and you'll

have the complete picture of oil.

[psquare]

34. Hooray! The DU recognizes Peak Oil!!!

Average world SUPPLY of oil is 85 million barrels a day.

Average world DEMAND of oil is 88 million barrels a day.

We are at world peak oil supply right now, and have been for the past several years. Peak supply in the US was in 1968, and right now we are around 50% of that output. We may get slight bumps, but the overall trend will continue to decrease.

Nothing can stop oil fields from being depleted, and the remaining oil fields (including undrilled areas in the US) will only stretch out the curve (which will, admittedly and thankfully, have a gradual slope) in the coming years.

Also, those undrilled areas in the US? Generally harder to drill, requiring greater investment, and with a lower return (it's called Energy Returned Over Energy Invested - EROEI). It's likely that some of those claims for what is recoverable have been exaggerated as well.

Nuclear is still a stopgap, since there is strong evidence of "Peak Uranium" as well, but the peak for that is a few decades away.

[ringtailtooter]

28. Bush is here today in Naples, FL on a fundraiser. He is being hosted by

by Rep. Lincoln Diaz-Balart, R-Miami, and Rep. Mario Diaz-Balart, R-Miami at the $43 million Naples beach home of Jack Donahue. The cost of a lunch plate is $25,000. Naples is a bastion of wealthy die-hard Republicans. Bush, McCain and our Governor, Charlie Crist have done an excellent job of turning the Floridians' mindset of off-shore oil drilling from "never" to "drill-drill-drill, now". For years the snobs in the beach front condos said never, it will spoil the paradise we have. Now every day are letters to the editor and editorials urging the oil companies to start erecting the wells. I don't get it, they drive Bentley's, Rolls and Maseratis and can afford gas if it was $20 a gallon. Following in their footsteps are the gated country club crowd also screaming for drilling here. They drive SUVs, Benzes, Lexuses and Cadillacs and have plenty of change.

It's the lifestyle and image they don't want to give up. They wouldn't be caught dead driving a Prius or an electric Citycar. The 'peer pressure/keeping up with the Joneses/association with people only like us' mentality perpetuates the Republican plague and guarantees the lock-step following. Tagging behind are the wannabe's, those who have extended their credit to appear to be running with the elite. They are also advocating for drilling because their pocketbooks are stretched and cannot afford the $4 gasoline, yet they will not give up their big cars and SUVs for fear of being exposed. This is a sick place, and they are going to make sure they get what they want.

So, much to my disgust, looks like I will be dodging tar balls on the beach and taking pictures of the sea gulls flying in front of the oil derricks.

[redqueen]

29. Thanks for posting this.

K&R

[pattmarty]

30. My guess is that it's mostly speculation in the grain markets.........

......that is causing the increase in food prices world wide too.

[DefenseLawyer]

33. The world's grain production isn't controlled by 5 people

While there is certainly speculation in the market, there are too many independent sources of supply to see the Enron Model at work.

[pattmarty]

35. I am no expert in commodity trading, but you have HUGE........

...conglomerates such as Archer Daniel Midland, Monsanto (who is cornering the "seed" end), and a few others. I think what's happening worldwide is a trend toward monopolies in all fields that speculators, large banks and finally the "players" in each field stack the deck against "independent" players. The time is long past when the "markets" should have had competent government regulation.

[pattmarty]

37. See article in Mother Jones by Nomi Prinz 6/20/08

[FogerRox]

45. Whadiaya fertilze grain with ? fertilizer made from oil.

Whadiaya run the farm tractor with ?

[BrklynLib at work]

36. K&R

[Name removed]

38. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Clark2008]

42. Well, Keith Olbermann has more sense than those nuttballs

Rush Limbaugh and Sean Hannity who you listen to.

ALERT!

[orleans]

43. doze off