Rep. Barton (R-TX) Says Democratic Congress Has Doubled Oil Prices in 10 Months

[CorpGovActivist]

GRRRRRRRRRRRR...

... he just appeared with Chairman Ed Markey (D-MA) on Bloomberg TV.

Expect this to become a talking point in the 08 election.

Shameless.

- Dave

[babylonsister]

1. Someone better respond to that ASAP. They are shameless! nt

[Subdivisions]

2. OH, so now Congress is in charge of oil pricing? EDIT:

Welcome back Dave.

[CorpGovActivist]

3. His Premise (If You Can Call It That)...

... is that the Democratic Congress hasn't sent Bush an energy policy that allows for ANWR drilling and drilling on Federal lands.

*eyeroll*

- Dave

[dysfunctional press]

24. does he happen to mention why the repuke congress didn't do it for 6 years prior?

hmmmmmmmmmmmmmm...?

[TomInTib]

6. We learn something new every day, don't we? nt

[sicksicksick_N_tired]

26. THOSE FUCKERS ARE CUTTING SUPPLY!!! IT IS THAT SIMPLE!!!

THEY ARE "SUPPLY-SIDE" ADHERENTS BECAUSE THEY SEEK TO SUCK AS MUCH BLOOD FROM HUMANITY AS POSSIBLE WHILE INTELLECTUALLY VALIDATING THEMSELVES BY EVERY MEANS POSSIBLE!!!

They are cutting supply of the oil, ON FUCKING PURPOSE.

The SEC is a conspirator.

This is life. Suck it up!!!

[Turbineguy]

4. Idiot!

It must be easier than I thought to get into Congress.

[MindPilot]

8. You just have to own a ballot-counting company.

Or know someone who does.

[Turbineguy]

9. Of course!

(slaps head) Now who's the idiot? I should have known.

[MindPilot]

5. Gee I thought keeping impeachment off the table and appeasing

shitboy on virtually everything he wants along with wooing the "center" was going to keep the Republics from saying bad things about Democrats.

That must've been in a parallel universe.

[w8liftinglady]

7. My representative is probably creaming his jeans over the extra $ he'll make

[magellan]

10. Ordinary people don't watch Bloomberg, and the investors who do will think Barton a fool

The only ones who'll believe his crap is Bush**'s pea-brained base, and they're such a small minority, who cares?

[CorpGovActivist]

19. Well, Thanks for Implying...

... that I'm not "ordinary," but you should care, because this is often an outlet where messages get trial ballooned for the next election cycle.

- Dave

[OmmmSweetOmmm]

11. Another grrrrrrrrrrr!!!! And Dave,

it's nice to see you back! :hi:

[CorpGovActivist]

14. Thanks!

We should file a class action for molar work against the RNC.

; )

- Dave

[OmmmSweetOmmm]

27. I'm in! Just let me know when to sign on! ;) nt

[Bitwit1234]

12. I read somewhere that oil was 27 dollars a barrel when bush stole office

and now it is the Democrats that oil has gone to 100 a barrel. How in the fu*king hell can these damn crappy ass republicans blame the Democrats. I think we should deluge the MSM with the fact that they are enabling these republicans to ruin our country.

[sicksicksick_N_tired]

23. They waged war and PLUGGED the third largest supplier of oil.

I'd like to PLUG the CM with their own bullshit.

BAH!!!

[prolesunited]

29. I didn't really get that until Palast laid it out

We didn't go to war to steal the oil, rather to keep it in the ground to maximize profits.

[sicksicksick_N_tired]

13. Interesting. WHAT is causing the rise in price? We should TALK ABOUT IRAQ!!!!

IF IF IF this administration WANTED to keep oil prices down, all they would have to do is make IRAQ, the third largest potential (OR MORE) producer of oil,...PRODUCE.

Ahhhhhh,...but,...

BUT, production would cause Buxhco's oil profiteers to LOSE rather than suck every fucking penny out of not only other countries' people but also their own.

THAT WOULD BE "BAD"!

Oh. Let's avoid any conversation about the Bushies' extended family, the SAUDS!!!!

[CorpGovActivist]

16. Macro Trends - India and China...

... are expanding global demand.

- Dave

[sicksicksick_N_tired]

20. Oh, please. You are not going to do that to me are you?

The supply is actually exploding way beyond demand.

AW, man. And I believed you. At least I can say, it was just for a day.

[CorpGovActivist]

22. They Are Consuming More...

... don't read more into what I wrote than what I wrote. Total global demand HAS risen significantly, which accounts for at least some of the rise.

To be clear, I think a lot of speculation and Bush-created crises account for most of it.

- Dave

[sicksicksick_N_tired]

25. No. "They" are not consuming more. The supply is being choked.

Total global demand has NOT increased 300%, more or less, in the past five years. That is just fucking SILLYSLASHSTUPID!!!

Please, do not try to sell that fiction or I am going to get really upset.

[CorpGovActivist]

28. I Don't Mind Having a Civil Discussion...

... based on facts.

For example, even though additional exploration is constantly underway in Norway's offshore oil fields, here's their current estimate (which they refine each time they find a new field):



Non-OPEC oil production is bumping up against depleted known fields: http://www.cfr.org/publication/14554/

The disruption of reliable exports from Iraq have also reduced supply at a critical time (and other developing nations with hard currency are stockpiling, e.g., China).

To the point of the OP, though: I think that the GOP is shameless for trying to pin the skyrocketing price of a globally-consumed commodity on the Congressional Dems. The war of choice in Iraq not only disrupted reliable oil flow from there, but also destabilized Central Asia at a time when some key new pipeline projects and exploration projects were underway.

Best,

- Dave

[CorpGovActivist]

31. Major New Discovery in Brazil Announced

http://news.google.com/news?hl=en&ned=&ie=UTF-8&q=petrobras+oil

- Dave

[Ron Green]

15. Joe Barton is a lying sack of shit.

And you can take that to the f***ing bank.

[Ilsa]

17. And Ed Gillespie said the GOP Congress worked with Bush to keep

the deficit down. Yeah, right, that's why it went from $5 trillion to $9 trillion during the GOP Admin and Congress.

Wolf Blitzer tried to press Gillspie on the deficit, but Gillespie was clearly in control of the conversation.

[MagickMuffin]

18. Funny I thought it was the Oil Barons and Oil Slick Dick who was responsible

for the high oil prices. I guess I'm clueless as Barton.

[sicksicksick_N_tired]

21. You are correct. They are controlling supply and SUCKING THE BLOOD OFF demand.

You ARE as clueless as Barton.

YUP!

[LeftCoast]

33. I'm not clear on the mechanism you're talking about

Please explain your argument more clearly so that I can explain to you why you are incorrect.

[steve2470]

30. incredible

Is he really this FUCKING STUPID or craven or both ????????????

[CorpGovActivist]

32. Both n/t

[Xenotime]

34. What a FUCK! That's illegal to go out and fucking say that. EAT SHIT BITCH!