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calendar   Thursday - May 22, 2008

This is what you get when lawyers run the government

House passes bill to sue OPEC over oil prices

The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.

The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.

The measure passed in a 324-84 vote, a big enough margin to override a presidential veto.

The legislation also creates a Justice Department task force to aggressively investigate gasoline price gouging and energy market manipulation.

Are they out of their ever loving minds? How terminally stupid can you be and not fall over dead? Yes, OPEC is nearly a monopoly. We’ve known that for 35 years. So what? Yes, they are a massive cartel that has the world by the nadgers. This is news? Of course they are fixing the prices and fixing the amounts delivered. You can’t do anything about it, other than invading their countries. That’s it.

And just how do you think “our friends the Saudis” are going to react to being sued for price gouging? How about “Ok, never mind, we’ll sell our oil to someone else.”?

This is another example of our do-nothing government wasting time and money just for appearance’s sake. It’s bad enough this utterly useless measure was even considered, yet alone worked on. But when it came down to voting, an awful lot of “Conservative” Republicans went over to the other side and supported this “We’re all victims, let’s sue somebody to make things fair bill. Hope you clods are wearing comfortable shoes in November, because it’s walking time.

The way to energy independance is two-fold. First, you move heaven and earth to maximize your own production. Second, you do whatever you can to eliminate or minimize aspects of your own economy that run on imported fuels. It isn’t that hard to figure out. Yes, it’s going to require some sacrifices. Tough. Fucking. Shit. And it might cost you some money. Too bad. And you might rail against it like a cranky 2 year old because it’s an evil Socialist Agenda Taking Away Your Rights. Well, there may be some truth in that. But one thing you can say for Socialism is that it gets things done much faster. And we need solutions. In place. Yesterday. But let’s keep things in balance too; we just might have to put up with a bit more pollution for a few years. An endangered specie or two might go bye-bye. Again, that’s just too bad. Let’s shoot for “good enough” instead of only be willing to accept perfection.


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Posted by Drew458   United States  on 05/22/2008 at 08:58 AM   
Filed Under: • GovernmentOil, Alternative Energy, and Gas Prices •  
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