Obama treats energy companies as the enemy
Reuters:
It should also be noted that Obama just changed his position on offshore drilling after getting $1.5 million from energy executives in a fund raising in Houston. However, he also is proposing a measure to limit domestic production further by imposing a windfall profits tax on the industry. The last time that happened in the Carter administration domestic production fell and imports surged. That is just the opposite of what this country needs. It is in fact Democrat energy policy at its worse.
If the Democrats had not blocked George Bush's energy plan in 2001 our domestic production would be significantly higher now and prices would be lower. Government receipts from taxes and royalties would be wiping out the deficit. Democrat policies are the primary cause of the current shortage and high prices, but then they really want high prices.
U.S. Democratic presidential candidate Barack Obama attacked Republican rival John McCain as a tool of big oil companies in a television ad released on Monday.This is outrageous demagoguery that demonstrates how desperate Democrats are on the energy issue. Energy companies are not the enemy. They are the solution to the problem created by Democrat attempts to strangle energy production. Voters now recognize that fact and they are not going to fall for the nonsense in this ad.Seeking to tap into Americans' anger over soaring gasoline prices, Obama's ad opens with a shot of a driver pumping gas and refers to huge profits made by oil companies in the past year.
"Every time you fill your tank, the oil companies fill their pockets," a narrator says. "Now Big Oil's filling John McCain's campaign with $2 million in contributions."
The ad shows McCain standing next to fellow Republican President George W. Bush as the narrator says, "After one president in the pocket of big oil -- we can't afford another."
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It should also be noted that Obama just changed his position on offshore drilling after getting $1.5 million from energy executives in a fund raising in Houston. However, he also is proposing a measure to limit domestic production further by imposing a windfall profits tax on the industry. The last time that happened in the Carter administration domestic production fell and imports surged. That is just the opposite of what this country needs. It is in fact Democrat energy policy at its worse.
If the Democrats had not blocked George Bush's energy plan in 2001 our domestic production would be significantly higher now and prices would be lower. Government receipts from taxes and royalties would be wiping out the deficit. Democrat policies are the primary cause of the current shortage and high prices, but then they really want high prices.
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