International Cat Speculators Since 2006

Posts tagged ‘Oil’

Oil $63.37

Wow. Oil is now only expensive, instead of obscene.

Roll on Valley Oil.

Mark Steyn on Oil and Congress

Gotta Love Mark Steyn!

I was watching the Big Oil execs testifying before Congress. That was my first mistake. If memory serves, there was lesbian mud wrestling over on Channel 137, and on the whole that’s less rigged. Rep. Debbie Wasserman Schultz knew the routine: “I can’t say that there is evidence that you are manipulating the price, but I believe that you probably are. So prove to me that you are not.”

Had I been in the hapless oil man’s expensive shoes, I’d have answered, “Hey, you first. I can’t say that there is evidence that you’re sleeping with barnyard animals, but I believe that you probably are. So prove to me that you are not. Whatever happened to the presumption of innocence and prima facie evidence, lady? Do I have to file a U.N. complaint in Geneva that the House of Representatives is in breach of the Universal Declaration of Human Rights?”

But that’s why I don’t get asked to testify before Congress.

Heh, now I’d pay to see that! Mud wrestling lesbians not so much… you could probably find that you you tube if you really wanted.

So instead the Big Oil guy oozed as oleaginous as his product before the grand panjandrums of the House Subcommittee on Televised Posturing, and then they went off and passed 324-82 the so-called NOPEC bill. The NOPEC bill is, in effect, a suit against OPEC, which, if I recall correctly, stands for the Oil Price-Exploiting Club. “No War For Oil!,” as the bumper stickers say. But a massive suit for oil – now that’s the American way.

And how. I had a friend who once went diving with an American who threatened to sue the instructor if he was killed. Not sure how he though that was going to work.

“It shall be illegal and a violation of this Act,” declared the House of Representatives, “to limit the production or distribution of oil, natural gas, or any other petroleum product … or to otherwise take any action in restraint of trade for oil, natural gas or any petroleum product when such action, combination, or collective action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price or distribution of oil, natural gas or other petroleum product in the United States.”

Er, OK. But, before we start suing distant sheikhs in exotic lands for violating the NOPEC act, why don’t we start by suing Congress? After all, who “limits the production or distribution of oil” right here in the United States by declaring that there’ll be no drilling in the Gulf of Florida or the Arctic National Mosquito Refuge? As Rep. Wasserman Schultz herself told Neil Cavuto on Fox News, “We can’t drill our way out of this problem.”

Heh, I bet they didn’t think of that. I wonder if there is a clause in the act to prevent congress from being sued? If not, place your bets in comments as to just how quick you reckon this’ll happen.

Well, maybe not. But maybe we could drill our way back to $3.25 a gallon. More to the point, if the House of Representatives has now declared it “illegal” for the government of Saudi Arabia to restrict oil production, why is it still legal for the government of the United States to restrict oil production? In fact, the government of the United States restricts pretty much every form of energy production other than the bizarre fetish du jour of federally mandated ethanol production.

Hat Tip StopTheACLU

Great, another good show ruined

The Muppets are going anti-oil.

What next, BDS Play School?

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