Obama’s Crucifixion of “Big Oil” - Corvette Forum : DigitalCorvettes.com Corvette Forums
 
 
Go Back   Corvette Forum : DigitalCorvettes.com Corvette Forums > Other Discussions/Topics > News Room
Register Forums Garage Garage Mark Forums Read Auto EscrowInsurance

Notices

News Room This section is for discussing current events.

Shops/Tuners
Custom Image Corvettes
A&A Corvette
Corvette tuner

Interior
Corvette aftermarket products

Insurance

Parts & Products
Race Ramps
Edelbrock
ATI/Procharger
Corvetteguys.com
Melrose Motorsports
Parts Taxi
Airaid
Mid America Motorworks
Pfadt Racing
Madvette Motorsports
Hi-tech Custom Concepts
Corvette aftermarket products
Corvette Garage
Corvette Parts and Accessories
Corvette Car Care Products
Corvette HID
Mid America Motoroworks

Tracks/Schools
Bob Bondurant School of High Performance Driving
Corvette driving school

Wheels/Tires
Cray Wheels

Services
BADWERKS.com
Reply
 
Thread Tools
Old 05-01-2012, 11:44 PM   #1
vfpreacher111
Account Disabled.
 
Posts: 19,914
Member #61087
Member since: Jun 2007
Location: Folsom California USA

My Corvette(s)
69 stingray

Thanks: 32
Thanked 80 Times in 58 Posts
Obama’s Crucifixion of “Big Oil”

If it ever was a secret, it’s not a secret any longer: The Obama Administration is on a vindictive campaign to injure America’s oil and gas industry. The proof materialized last week when video of an Environmental Protection Agency official revealed the White House’s vicious attitude toward the very industries that supply the American people a reliable, affordable energy source. Yesterday, that official fell on his sword and resigned to spare the president any further embarrassment from the truth he disclosed.

Last week, Heritage’s Lachlan Markay reported on a video showing EPA Region VI Administrator Al Armendariz describe his agency’s “philosophy of enforcement” with respect to the regulation of oil and gas companies — likening it to brutal tactics employed by the ancient Roman army to intimidate its foes into submission. With a wry smile, Armendariz detailed the joy with which the EPA inflicts punishment on the disfavored industries:

It was kind of like how the Romans used to, you know, conquer the villages in the Mediterranean. They’d go into a little Turkish town somewhere and they’d find the first five guys they saw and they’d crucify them. And then, you know, that town was really easy to manage for the next few years.

Lest there be any doubt, it’s worth reiterating the point — according to Armendariz, the EPA views its enforcement efforts as a violent crucifixion used to strong arm companies into submission. The Constitution bars cruel and unusual punishment, but evidently that doesn’t apply to the axe-wielding EPA when it comes to enforcing regulations.

None of this, though, should be a surprise coming from what very well may be the most anti-energy administration in history. For the president and his cadre of bureaucrats, “Big Oil” is the enemy that deserves to be beaten into submission.

Exhibit A: The president’s unremitting crusade to raise taxes on the oil industry by denying it access to tax credits available to other industries. This, of course, is a game of semantics and populist rhetoric. In his appeal to the American people, the president is claiming that oil and gas companies enjoy special loopholes and subsidies that need to be eliminated. In reality, they get the same tax treatment enjoyed by producers of clothing, roads, electricity, water, and many other goods manufactured in the United States. Actually, oil companies receive less of a tax break than those manufacturers. (Oil companies receive a six percent reduction while all other manufacturers receive a nine percent reduction.) Yet the president wants to impose a higher targeted tax hike and take the tax break away completely.

When President Obama lashes out at “Big Oil,” guess who’s going to pay the price? You. First, raising taxes on any company means that the costs will be passed on to consumers. If you’re tired of paying high gas prices, you would pay even more if the president levies new costs on the industry that is supplying your fuel.

Second, when the president talks about “Big Oil,” keep in mind who “Big Oil” is — it could very well be you. Thirty-one percent of U.S. oil and natural gas shares are owned by public or private pension plans. On top of that, individual retirement accounts hold 18 percent of shares, individual investors have 21 percent, and asset management companies including mutual funds account for 21 percent — comprising more than 90 percent of oil and gas stocks in 2011. That means when those companies profit, there’s a good chance you profit. And when those companies suffer, there’s a good chance that you suffer, too.

That doesn’t matter, though, to an Administration that is in an unyielding pursuit of a singular “green” agenda. Billions in taxpayer dollars are spent to fund solar companies that go bankrupt and to give tax credits to wealthy Americans so they can buy a handful of electric vehicles. Meanwhile, the president’s Secretary of Energy, Steven Chu, gives himself an “A” for his work in lowering gas prices, despite their reaching all-time highs under his watch. And all the while, the president is saying “NO” to domestic energy exploration, including his decision to block the Keystone XL pipeline.

So when Armendariz spoke of “crucifying” oil and gas companies, it was not a surprise. His crime was saying what the rest of the Obama Administration — including the president — have been thinking and doing all along. Last week, Armendariz apologized and called his comments ”an offensive and inaccurate way to portray our efforts to address potential violations of our nation’s environmental laws.” In fact, though his words were vivid, they were all too accurate. The Obama Administration has an obvious political agenda that is not focused on enforcing rules, but on vindictively assaulting an industry that doesn’t comport with its green agenda — even though Americans depend on oil and gas companies each and every day.

President Obama has said he favors an “all of the above” strategy when it comes to energy policy. “All of the above” apparently means taking no prisoners as he marches toward a “greener” future, regardless of what it costs the American people.

http://blog.heritage.org/2012/05/01/...on-of-big-oil/
vfpreacher111 is offline   Reply w/quote Quick reply to this message
Former Democrat Elbert Guillory:
At the heart of liberalism is the idea that only a great and powerful big government can be the benefactor of social justice for all Americans. But the left is only concerned with one thing — control. And they disguise this control as charity. Programs such as welfare, food stamps, these programs aren’t designed to lift black Americans out of poverty, they were always intended as a mechanism for politicians to control the black community
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Corvette Forum : DigitalCorvettes.com Corvette Forums forums, you must first register.
Please enter your desired user name (12 CHARACTERS MAXIMUM), your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Powered by vBadvanced CMPS v3.2.2

All times are GMT -6. The time now is 08:26 AM.




Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.
© 2003-2011, DigitalCorvettes.com - All Rights Reserved