Edward Markey, Big Oil, and Ridiculous Congressional Hearings

I don't know about you... but "I'm fed up to here with this" Do-Nothing Congress and their dog-n-pony-show-hearings! When They're not wasting the peoples time and money grilling Baseball players over steroid use they're participating in their other favorite pastime -- Yelling at CEO's from top oil companies because they had the audacity to make money. Congress Has Big Questions for Big Oil





One has to wonder if Edward Markey ever gets out of the bubble he lives in to suggest that somehow Oil companies are the culprit here.

Let's say for the sake of argument that he's right, he's completely and utter wrong, but let's say that the Oil companies are making huge profits. My question is... If you're really looking out for the consumer? If you really want to ease your constituents burden... Why not cut gas taxes?

Sorry, must have lost my mind there for a second, you liberals will never cut taxes under any circumstance. Your relentless pursuit for our wallets must have been instilled at birth.

I also wonder if Rep. Markey realizes that gas is one of the cheapest liquids available? In fact, even at $3.05 a gallon -- water, Folgers Coffee, Kool-Aid, and Clorox bleach gas is the cheapest! To see how gas stackes up against 47 other liquids and their prices from cheapest to most expensive check out The price of a gallon



Quotes from the AP link above:

Top executives of the five biggest American oil companies say they know consumers are feeling the pain of high gasoline prices. But at a congressional hearing, they deflected any blame, and they argued that their profits — $123 billion last year — were in line with other industries.

Rep. Edward Markey, D-Mass., noting the hearing was being held on April Fool's Day, said, "The biggest joke of all is being played on American families by Big Oil." The national average cost of gasoline was hitting a record $3.29 cents a gallon.

Shell Oil Co. President John Hofmeister said in remarks prepared for the hearing that he knows "these cost increases are hitting consumers hard." But Hofmeister and executives from Exxon Mobil Corp., BP America Inc., Chevron Corp., and ConocoPhillips rejected that their profits are extreme.

Here's a list of things Markey and his friends can do to solve this made up problem:

1) Cut the gas tax
2) Allow drilling in Alaska
3) Allow drilling of the coast of Cuba
4) Allow drilling of both coasts
5) Allow wind farms regardless of Sen. Kennedy's hypocrisy
6) Ease regulations and allow the building of new refineries
7) Ease regulations and allow the building of new nuclear power plants

Of course these are just a few suggestions but there are plenty more!

Here's what our friend Devil's Advocate had to say about this issue:



It seems liberals like Markey and others spend their whole lives deliberately burying their heads in the sand when it comes to economic issues... willfully ignorant of the way supply and demand works until it's time to get their hands on the taxes it brings in.

Once again, Congress... Get Back To Work!!!