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The Associated Press analyzed 36 years of gasoline prices and domestic oil production and found absolutely no correlation. Increases in domestic production (it’s up 15% from three years ago) do not result in decreases in price. Based on this model, if we increased domestic oil production by 50%, best-case we’d see a 10% reduction in …
Continue reading “There is no correlation between domestic drilling and fuel prices.”
Snopes: Obama Lends $2 Billion to Brazilian Oil CompanyHeard the one about how the President Obama is spending billions on offshore drilling…in Brazil? Snopes rates it “mostly false.” This is another case of conservatives getting riled up about something that's not true and dates from President Bush's time in the White House. ThinkProgress: Exxon Makes …
The Gavel: 0—Number of Republicans Who Voted To Cut Taxpayer Subsidies for Big OilWhether we should continue to subsidize big oil companies (the world's most profitable businesses, let's remember) came to a vote in the House. Republicans voted unanimously in favor. IT World: Asus motherboard box doubles as a PC caseAsus is going to start …
George Allen: “Americans are not addicted to oil. Americans are addicted to freedom.” Who was it, again, who said that Americans are addicted to oil? Oh, right—President Bush, in his SOTU address. Of course, Allen is just being consistent with his support for legalizing drugs. a smug hypocritical dope.
Remember those crazy lefties who said that President Bush and Vice President Cheney — oilmen both — only invaded Iraq so that American oil companies could take over Iraq’s oil fields via no-bid contracts? Hey — whaddya know? — they were right. Let’s all practice our surprised faces.