Unremarkable Remarks
Continuing Demonization of 'Big Oil'
barackingham Palace,
District of Corruption
March 29, 2012
Today, members of Congress have a simple choice to make: They can stand with the big oil companies, or they can stand with the American people. Right now, the biggest oil companies are raking in record profits –- profits that go up every time folks pull up into a gas station. But on top of these record profits, oil companies are also getting billions a year -- billions a year in taxpayer subsidies -– a subsidy that they’ve enjoyed year after year for the last century. Think about that. It’s like hitting the American people twice. You’re already paying a premium at the pump right now. And on top of that, Congress, up until this point, has thought it was a good idea to send billions of dollars more in tax dollars to the oil industry. It’s not as if these companies can’t stand on their own. Last year, the three biggest U.S. oil companies took home more than $80 billion in profits. Exxon pocketed nearly $4.7 million every hour. And when the price of oil goes up, prices at the pump go up, and so do these companies’ profits. In fact, one analysis shows that every time gas goes up by a penny, these companies usually pocket another $200 million in quarterly profits. Meanwhile, these companies pay a lower tax rate than most other companies on their investments, partly because we’re giving them billions in tax giveaways every year.
I might have said: (this is being written post-Senate vote!) What the hell kinda ruler can't even get his own party's support? The Senate has voted to let those evil oil companies keep the subsidies that really aren't subsidies. What I disparagingly call 'subsidies' are more correctly defined as tax DEDUCTIONS! They're nothing more-or-less than your mortgage interest deduction or your deduction for a home-office; but on a grander scale. These are completely legal--NOT shameful as I characterize them--written into the tax code, as are said individual tax deductions.
That $4 billion to those evil oil companies in annual tax deductions must be returned to my energy slush-fund!! One the average year, I blow through 15-18 billion dollars, essentially wasted on green technology that--in it's current direction--will never be sustainable! The evil oil companies' aforementioned $4 billion would allow me to fund other supporters and donors and continue to bribe my current supporters and donors.
Is the United States Senate losing it's socialistic frame of mind, or is it just ME? Any other ruler could have gotten this evil oil company tax vote to go their way; I know "Slick-Willie" Clinton would have gotten it done!! This leads me into my regime's 'signature' piece of legislation; owe-bamaKare! I've not been able to exert the influence on my appointees to the Supreme Court that I had hoped. Those socio-fascists--namely, Sotomayor and Kagan--had agreed to vote in the regime's favor should they be confirmed to the empty court seats. That seems to not be the case, likely either the mandate or the entire scam will go-down-in-flames!! The only possibility I had for even a partially positive re-immaculation campaign was owe-bamaKare; alas, that's not to be! With absolutely no publically-accepted accomplishments to run on, it'll be a dismal campaign at best.
Now, I want to make clear, we all know that drilling for oil has to be a key part of our overall energy strategy. We want U.S. oil companies to be doing well. We want them to succeed. That’s why under my administration, we’ve opened up millions of acres of federal lands and waters to oil and gas production. We’ve quadrupled the number of operating oil rigs to a record high. We’ve added enough oil and gas pipeline to circle the Earth and then some. And just yesterday, we announced the next step for potential new oil and gas exploration in the Atlantic. So the fact is, we’re producing more oil right now than we have in eight years, and we’re importing less of it as well. For two years in a row, America has bought less oil from other countries than we produce here at home -– for the first time in over a decade. So American oil is booming. The oil industry is doing just fine. With record profits and rising production, I’m not worried about the big oil companies. With high oil prices around the world, they’ve got more than enough incentive to produce even more oil. That’s why I think it’s time they got by without more help from taxpayers who are already having a tough enough time paying the bills and filling up their gas tank. And I think it’s curious that some folks in Congress, who are the first to belittle investments in new sources of energy, are the ones that are fighting the hardest to maintain these giveaways for the oil companies. Instead of taxpayer giveaways to an industry that’s never been more profitable, we should be using that money to double-down on investments in clean energy technologies that have never been more promising -- investments in wind power and solar power and biofuels; investments in fuel-efficient cars and trucks, and energy-efficient homes and buildings. That’s the future. That’s the only way we're going to break this cycle of high gas prices that happen year after year after year. As the economy is growing, the only time you start seeing lower gas prices is when the economy is doing badly. That’s not the kind of pattern that we want to be in. We want the economy doing well, and people to be able to afford their energy costs. And keep in mind, we can’t just drill our way out of this problem. As I said, oil production here in the United States is doing very well, and it's been doing well even as gas prices are going up. Well, the reason is because we use more than 20 percent of the world’s oil but we only have 2 percent of the world’s known oil reserves. And that means we could drill every drop of American oil tomorrow but we’d still have to buy oil from other countries to make up the difference. We’d still have to depend on other countries to meet our energy needs. And because it’s a world market, the fact that we’re doing more here in the United States doesn’t necessarily help us because even U.S. oil companies they’re selling that oil on a worldwide market. They’re not keeping it just for us. And that means that if there’s rising demand around the world then the prices are going to up.
I might have said: I have opened millions of acres of federal lands and waters to oil and gas exploration. I've just not allowed the Department of Energy to issue and/or approve drilling permits. Those drilling rigs in the federal waters? They're operating on permits wisely approved by that evil President George W. Bush. The pipelines approved had nothing to do with me or the regime; they're intra-state or interstate. The only one that I had any control over, I DISAPPROVED! The "Keystone XL Pipeline" project was the only one to come before the regime that is international; it crosses the U.S.-Canadian border. Disapproval could--as is my desire--result in much of the Canadian oil being sold to the Chinese. Within days of my DISAPPROVAL, the Canadians were in negotiations to redirect the pipeline to the Canadian west coast for shipments to China.
As an illustration of the phrase:
Ya can't fix STUPID!!
check this out: If we can't 'drill our way out' of this kerfuffle, how did the United States become the third-largest oil producing country on the planet?!? Is that a stupid statement, or what?!?
We most certainly can drill our way out of the owe-bamaDepression, but we should have started on Day One of my regime! Had we, the owe-bamaDepression--or at the very least, the worst affects--might have been averted. Even when drilling might solve America's petroleum problems, we still have the EPA to contend with. This group of UNELECTED socio-crats have formulated policies that do not allow for more oil refineries to be built in the United States. This continues an already choking bottle-neck in the production and processing end of the industry. One direct result of the aforementioned problems in domestic energy production is the purchase of foreign oil!
The owe-bama Regime only invests in those green energy companies that are weeks or days away from bankruptcy. That's the primary--in addition to the 'union dues system'--method of rewarding and repaying my supporters and donors. To double-down on this system of quasi-legal, political money-laundering is the ultimate DISSERVICE to the hardworking, taxpaying Americans! These green energy sources are better researched and developed on someone's "kitchen table;" that's where Henry Ford figuratively developed his automobile engine; that's figuratively where Thomas Edison developed his lightbulb and the multitude of other popular inventions.
That’s not the future that I want for America. I don’t want folks like these back here and the folks in front of me to have to pay more at the pump every time that there’s some unrest in the Middle East and oil speculators get nervous about whether there’s going to be enough supply. I don’t want our kids to be held hostage to events on the other side of the world. I want us to control our own destiny. I want us to forge our own future. And that’s why, as long as I’m President, America is going to pursue an all-of-the-above energy strategy, which means we will continue developing our oil and gas resources in a robust and responsible way. But it also means that we’re going to keep developing more advanced homegrown biofuels, the kinds that are already powering truck fleets across America. We’re going to keep investing in clean energy like the wind power and solar power that’s already lighting thousands of homes and creating thousands of jobs. We’re going to keep manufacturing more cars and trucks to get more miles to the gallon so that you can fill up once every two weeks instead of every week. We’re going to keep building more homes and businesses that waste less energy so that you’re in charge of your own energy bills. We’re going to do all of this by harnessing our most inexhaustible resource: American ingenuity and American imagination. That’s what we need to keep going. That’s what’s at stake right now. That’s the choice that we face. And that’s the choice that’s facing Congress today. They can either vote to spend billions of dollars more in oil subsidies that keep us trapped in the past, or they can vote to end these taxpayer subsidies that aren’t needed to boost oil production so that we can invest in the future. It’s that simple. And as long as I’m President, I’m betting on the future. And as the people I’ve talked to around the country, including the people who are behind me here today, they put their faith in the future as well. That’s what we do as Americans. That’s who we are. We innovate. We discover. We seek new solutions to some of our biggest challenges. And, ultimately, because we stick with it, we succeed. And I believe that we’re going to do that again. Today, the American people are going to be watching Congress to see if they have that same faith.
I might have said: Reducing America's dependency on foreign oil will help to solve the increasing pump prices. That reduction will come about with more oil refineries, more APPROVED drilling permits, more APPROVED international pipelines; all which fall under my purview!! I have not been successful in strangling the oil sector of the energy industry. I shall continue in that effort. In the meantime, the oil sector is successful--where green-energy sectors are dismal failures--simply because oil is sustainable; green-energy is not! When using the private-sector numbers--ignoring the federal government-created prognostications--the United States has enough oil reserves to contine at current demand, for three-hundred, plus years (300+ years)!!
In conclusion I'm going to comment on a recent event, namely the Trayvon Martin tragedy. While it is a tragedy, the family deserves much, much more than they're currently getting. The racist I installed as the Attorney-General, eric holder is clearly as racist as I am incompetent! After our friends in the New Black Panthers organization put a $10,000 bounty on George Zimmerman's head; after our friends in the New Black Panthers organization formed a posse to hunt the guy down, no one from the regime--to include those in barackingham Palace; to include those in the Socio-Justice Department--has taken the first step to have said 'panther' miscreants arrested and charged with several appropriate felonies!! I--and again, Ya can't fix STUPID!!--would have to be completely ignorant to believe that these recent felonious actions by our friends in the New Black Panthers organization; actions like voter intimidation, by our friends in the New Black Panthers organization won't become THE topic of campaign debates; THE topic of campaign advertising!!
Remember:
"There are some rulers who are too stupid to realize just how stupid they actually are!!"
Friday, March 30, 2012
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