How long will Congress allow the US to be held Economic Hostage to Big Oil wanting off shore drilling rights?

There is no shortage of oil that warrants the rise in the price of gas rising a gallon anywhere in the world.

The more accurate truth is the big oil companies of the United States are making record profits and holding the American people economic hostage until Congress relents and allows them to turn all the beaches of America into a Soviet Style Industrial Oil Complexes.

9 Responses to “How long will Congress allow the US to be held Economic Hostage to Big Oil wanting off shore drilling rights?”

  1. Paola Says:

    Prices will go down about a nickel over the next decade at the best. It’s not going to have huge longterm effects except on the environment. Even if the US drilled all over the country we’d only have 2-3% of the needed national supply.

  2. Jersey Guy Says:

    Until they get paid off enough. Good of the Nation has nothing to do with it, just the Political pay offs!

  3. pretender59321 Says:

    Not nearly as long as they will allow the US to be held hostage to Al Gloom and Doom Gore’s global warming. The Libs are keeping the price of Gas high to make you give up your SUV.

  4. A nobody Says:

    I am afraid you need an education, and not from a Liberal school. Not even a democrat believes what you are sayng to be true, nor would any economist agree with you, so I guess your Liberal mind is out there by itself except for the other liberal wackoos.

    The US oil companies are making profits, but the major world oil companies’ profits are alot greater. Foreign oil companies more than surpass US firms.

    The oil producers are having a tough time keeping up with demand, this is one reason the price of oil has been increasing

    The US could lower the demand by using their own oil, but the Liberals are opposed to it.

    When was the last time an oil well (even off shore drillers) ever damaged beaches or the shore line. (no the Valdez was a tanker)

    It a shame, your Liberal education has helped you, get your facts together, then try to post an intelligent thought

  5. angelwith4faces Says:

    Actually, I sort of disagree. Oil comanies have permits now to pump all the oil they want. They are not pumping oil because it cheaper to speculate on it. If we reverted back to the regulation of the commodities futures that existed before Bush we would not have that much of a problem. (the dollar causes some of it).

  6. Jeremirah x Says:

    THE DEMS HAVE TRICKED THE AMERICAN PEOPLE INTO BELIEVING IT IS THE OIL COMPANIES ITS NOT. THE REASON FOR HIGH PRICED GASOLINE IS GOVT. TAX ON GAS AND THE LIBERALS REFUSING TO LET OIL COMPANIES DRILL FOR OIL OR BUILD ANY NEW REFINERIES

  7. albertluppo Says:

    Who is the hidden beneficiary of big oil continuing making Billions of dollars per annum?
    The Republican party does not have the monopoly on big oil campaign contributions, so lets open the books and see who really is the hidden beneficiary. WOW, it is the entire grouping of national political operatives that are the steerers and the reapers of the hidden agenda. ALL political parties including all the minor ones have a stake in the easy cash flow. So, big oil will recieve the blessings in the next congress and get the rights to drill offshore. Eminant Domain is still behind the third door for them to open at their request. Power begets power, but absolute power, corrupts absolutely. Time will tell.

  8. darren m Says:

    Separate currencies then and money made by citizens.

    Laser printer teach available . Designs according to each trade. Corporate Cash as well and Corporations to have elections by which citizens will determine who gets in power by popular vote. No appointees.

  9. Page1344 Says:

    As long as the Commodities Futures Modernization Act goes unchanged nothing anyone does will matter. You can drill your little hearts out and completely destroy the environment, but nothing will change as long as speculators are allowed to run amok.

    Simply adding the words "and energy" to the Commodities Futures Modernization Act would bring gas prices down overnight.

    80% of all known oil off the continental shelf of the United States have already been granted permits to drill, but those that would do the drilling are sitting on those permits. Ask yourself why.