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Obama Wants to End the Age of Oil and Send Us Back to the Stone Age

About a week ago, Barack Obama said, “we must end the age of oil in our time.” (see nationaljournal.com)

This seemed like an irrational statement, and it got me thinking about what is oil? What is made from it? And why would Obama want to get rid of oil and everything that is derived from it?

Oil or petroleum “is a naturally occurring, flammable liquid found in rock formations in the Earth consisting of a complex mixture of hydrocarbons of various molecular weights, plus other organic compounds.” -http://en.wikipedia.org/wiki/Petroleum#Fuels

Petroleum-based fuels (gas, diesel, jet fuel, etc) most people know about; they make modern transportation possible. But let’s take a look at a partial list of petroluem-based products, many of which most people do not realize come from oil:
Kerosene
Natural gas
Car bumpers, light covers, and other parts
Lubricating oils and grease
Heating oil we use to keep our homes warm
Moisturizers and lotions
Paints, lacquers, and printing inks
Paraffin wax used in packaging, candles, matches, and shoe polish
Asphalt we use to pave our driveways and roads
Linoleum and other laminate flooring products
Shingles for roofs
Plastics found in a plethora of everyday objects:
-CDs and DVDs
-bottles and containers of every kind
-scotch tape
-baggies
-shower curtains
-toys
Synthetic rubber
Synthetic fibers found our clothing, fibers and textiles
Medicine/drugs
Detergents
Vinyl (for fences, furniture upholstery, etc)
Tar
Styrofoam for cups, packaging material, etc.
PVC pipe for indoor plumbing, sprinklers, etc.
Nylon rope
Computer monitors, printers, keyboards
Plastic film/saran wrap
Microwavable packaging
Toothbrushes
Contact lenses
Teflon used on most kitchen pots and pans
Formica
Many medical implant applications
Glues and adhesives
Ceramic cups, plates and bowls
http://ezinearticles.com/?Petroleum-Based-Components-Used-in-Products-You-Never-Realized&id=815584

The list could go on and on, but as you can see, nearly every modern convenience and technology that has improved our lives over the last 100 years has had petroleum or an oil-based product as a key component. And this is what Obama wants to put an “end” to?! Because of an irrational religious adherence to the global warming hoax, Obama, the Democrats, and environmentalist wackos have declared war on oil and they have made it the focus of evil in the world.

It is irrational to have such animosity toward a naturally occurring substance in the earth. And if Obama and the environmental wacko leftists get their wish to “end the age of oil” they will be throwing us back into the 19th century. We’d all be driving a horse and buggy and living in log cabins…I take that back, the liberals probably wouldn’t let us cut down trees to build log cabins. Well, I’d prefer to stay in the 21st century and enjoy the modern conveniences that God has blessed us with. And despite what Obama and the leftist environmentalists say, there is still plenty of oil left in the earth, much of it right here in the United States of America. Drill here. Drill now.

Profits Are Not Obscene and Government Distorts the Market

In the wake of congressional, witch-hunt hearings with oil executives regarding the price of gas, John McCain has chipped in to display his liberal side once again:

“I don’t like obscene profits being made anywhere–and I’d be glad to look not just at the windfall profits tax–that’s not what bothers me–but we should look at any incentives that we are giving to people, that or industries or corporations that are distorting the market.” From Michelle Malkin.com

For 1: Profits are not obscene. As W. Cleon Skousen puts it profits are “the means by which production of goods and services is made worthwhile.”

For 2: Government intervention is what distorts the market, not law-abiding companies. In a free market, oil companies would be free to drill for and refine the oil we have at our finger tips. Government regulations prevent this free market activity and distort the market.

John McCain wants to punish oil companies for running efficient operations that turn a profit. And what is this government intervention going to do? Only make the problem of high gas prices even worse. And by putting additional tax burdens on oil companies, John McCain will be taking away dividends (profits) from every day Americans who’s 401Ks are invested in these companies (43 percent of oil and natural gas company shares are owned by mutual funds).

Of course, McCain’s policy is sounding like his good buddies int he Democrat party, like Barak Obama, who’s solution to the energy problems is to make do with less: “We can’t drive our SUVs and, you know, eat as much as we want and keep our homes on, you know, 72 degrees at all times, whether we’re living in the desert or we’re living in the tundra, and then just expect every other country is going to say OK.”

Remind me again how a liberal like McCain got the GOP nomination? Sure McCain is better than the Democrat Party nominee, but not by much. Isn’t there a better choice? Where is the conservative running for President, who believes in small government and free market solutions?

No Ethical Compass About the Price of Gas…How About Taxes?

For the second time in this year alone, executives from the major oil companies have been summoned to testify before Congress, regarding the reasons for high gas prices. This entire process is a circus and designed solely to allow politicians, in an election year, to tell their constituents that they are fighting to relieve their “suffering” at the pump.

The primary cause for high gas prices lies in one of the basic principles of economics, low supplies and growing demand, something which many politicians, particularly Democrat politicians, fail to grasp. The Democrats’ own policies preventing the drilling of oil in the United States (in Alaska, off the coast of California, and in the Gulf of Mexico) and preventing the construction of new refineries are contributing to the shortages in supply. The continued economic growth in India and China are the primary factors increasing the demand for oil.

This quote demonstrates what a circus this inquisition of the oil executives is. Diane Feinstein, Democratic Senator from California, said this, “you rack up record profits, record profits, quarter after quarter after quarter, and apparently have no ethical compass about the price of gasoline.”

How about your ethical compass about the burden of taxes, Senator Feinstein? You’ve never seen a tax increase you didn’t like (see her record below). The average American pays a third of their income in taxes. At least when we buy gas we have something to show for it. At least when we buy gas, the oil companies have done work to earn it. Congress demands we pay taxes, gives us relatively little to show for it, and will throw us in jail if we do not pay it.

I don’t worry so much about abuses from businesses, the free market tends to work those things out. I do, like the founding fathers, worry about abuses from the government, like over-taxation, bloated government, and officials over-reaching their authority, which is precisely what is happening with this witch hunt.

Diane Feinstein’s Record on Taxation and Oil Production from OnTheIssues.org
:
Voted NO on paying down federal debt by rating programs’ effectiveness. (Mar 2007)
Voted NO on $40B in reduced federal overall spending. (Dec 2005)
Voted NO on prioritizing national debt reduction below tax cuts. (Apr 2000)
Voted NO on Balanced-budget constitutional amendment. (Mar 1997)
Voted YES on removing oil & gas exploration subsidies. (Jun 2007)
Voted YES on disallowing an oil leasing program in Alaska’s ANWR. (Nov 2005)
Voted YES on banning drilling in the Arctic National Wildlife Refuge. (Mar 2005)
Voted YES on removing consideration of drilling ANWR from budget bill. (Mar 2003)
Voted NO on drilling ANWR on national security grounds. (Apr 2002)
Voted NO on preserving budget for ANWR oil drilling. (Apr 2000)
Voted NO on do not require ethanol in gasoline. (Aug 1994)
Voted NO on repealing the Alternative Minimum Tax. (Mar 2007)
Voted NO on raising estate tax exemption to $5 million. (Mar 2007)
Voted NO on supporting permanence of estate tax cuts. (Aug 2006)
Voted NO on permanently repealing the `death tax`. (Jun 2006)
Voted NO on $350 billion in tax breaks over 11 years. (May 2003)
Voted NO on across-the-board spending cut. (Oct 1999)
Voted NO on requiring super-majority for raising taxes. (Apr 1998)
Rated 15% by NTU, indicating a “Big Spender” on tax votes. (Dec 2003)
Rated 80% by the CTJ, indicating support of progressive taxation. (Dec 2006)