Why trust big oil about drilling lowering prices when they paid scientists to lie to us about global warming?
Exxon even admitted to paying scientists to lie about global warming and promised not to do it any more (but broke their promise).
http://thinkprogress.org/2007/02/01/oil-lobby-payments/
Other sources on big oil paying for climate change denial scientists:
http://www.watoday.com.au/opinion/who-is-behind-climate-change-deniers-20080802-3ou6.html
http://www.guardian.co.uk/environment/2007/feb/02/frontpagenews.climatechange
http://dieoff.org/page82.htm
If they paid people to lie before to protect their profit margins, why don’t conservatives believe big oil would do it again on off shore drilling?
Do you think oil companies will use more off shore leases to lower prices for consumers or to maximize their own profits by gradually adding those supplies to keep prices high?
Having a large supply on the market means lower prices for us and more work to make the same or less profit for oil companies. Tight supplies mean oil companies make more profit with far less work.
A classic example of this was before the Iraq War when Oil & Gas Journal worried that after sanctions came of Iraq, Saddam would pump too much oil and drive prices DOWN–unless there was a war.
http://professorsmartass.blogspot.com/2007/03/oil-too-cheap-if-no-iraq-war-says-oil.html
Why do conservatives think big oil is looking out for the best interest of consumers?
So you think most climate scientists are opposing the wealthiest corporations in the world just for the hell of it or to get those environmental megabucks? Which environmental group has the money and power of a major oil company?
And that’s why they falsified things like CO2 levels being the highest now that they have been in the 650,000 years they are able verify?
http://www.sciencedaily.com/releases/2006/11/061104084951.htm
http://news.bbc.co.uk/1/hi/sci/tech/4467420.stm
http://www.guardian.co.uk/environment/2008/may/13/carbonemissions.climatechange
January 10th, 2010 at 10:34 pm
Are you one of those people who has not bothered to consider the scientific evidence against the global warming theory?
And BTW – how can you claim that an 8% profit margin is excessive?
January 10th, 2010 at 10:34 pm
People really don’t get it. Here’s some more facts for you about why the drilling with change nothing:
1. We currently have a large amount of oil that we can tap which has remained untapped (we’re talking about 90% of offshore oil sources). That means that oil companies are simply trying to acquire sources, and in doing so control all possible sites of oil drilling in the U.S. They don’t care about oil prices at that point, suddenly we have nowhere else to turn to, and they can jack them up as much as they want.
2. OPEC still regulates oil prices abroad. They’re not going to change much as they go in the downward direction, instead they can increase prices. As America gets more desperate for more oil prices, it will be like this organization smelling blood in the water. Our foreign oil prices will rise over a period of time, and even if our domestic oil prices go down, we are dependent on these foreign sources, so nothing changes.
3. Let’s say that none of this happens. We start drilling for oil at these sources (the drills themselves will create a large cost to pay off), and we get oil rather quickly from it. This oil will arrive on the market in 10 years, during which oil prices will have to rise to accommodate the building of those drills. Now we’re rolling the dice, hoping that the amount of oil is enough to overcome 10 years of cost. Do we want to risk further economic recession on a gamble?
Those are the ones I think of, no one’s really given me a good response to any of them yet.
January 10th, 2010 at 10:34 pm
You gave out some internet links to prove your point.
I can give some links to prove you are lying too.
Why do Liberals love to believe everything from the internet?? and what about the "Global Cooling" theory 20+ years ago??
January 10th, 2010 at 10:34 pm
It isn’t "big oils" job to look out for the consumer. It’s their job to make a profit. That profit pays dividends for wages and retirement accounts of millions of Americans. Their profit is less than that of McDonalds, less than the dollars the government skims off the top, less than most slimey corporate lawyers.
If democraps were so concerned about high gas prices, they could do something, but they aren’t. Liberal democraps just lie…always have, always will.
January 10th, 2010 at 10:34 pm
It’s investors not consumers you DILLWEED. Its called business. Global warming is occurring because we have cleaned up our air enough to stop filtering the sunlight. Before 911, the jet trails over New york covered the city. After 911 all air traffic was stopped. The air cleared and you know what happened? The temperature in the area went up. We need pollution or we are going to start dying of skin cancer a lot more. What will the idiot greenpeace people say then?
January 10th, 2010 at 10:34 pm
I think a better question to ask is, why are we sending $700 billion a year to countries that would like nothing better than to harm us? You need to stop believing the global warming propaganda that has been propagated by the left.
January 10th, 2010 at 10:34 pm
Conservatives do not think Big Oil lied to us or that Biog Oil is a public trust.
Your rant is silly.
Consider how many thousands have been making a bundle on this man made global warming scam that Al Gore started.
33,000 scientists recently signed a letter in which they state that global warming, if it exists, is most probably a natural phenomenon.
Big oil is not responsible to look out for the best interests of consumers. Big oil is responsible to earn the maximum return they can, on investment, for their shareholders and to do it within the framework of our laws.
In that regard Big Oil is no different than any other industry except that Big Oil earns a smaller return on invested dollars than many other industries.