gwd
09-01-05, 12:49 PM
The radio announcer said that in order to alleviate the suffering in
New Orleans, the government is "loaning" the oil companies oil from the
stragic reserve. Apparently the refineries can't refine crude oil right
now so the oil companies need a loan of crude oil. Another measure reported
on the radio is that the government is rescinding portions of the clean air
act pertaining to gasoline refining. On the face of it both these measures
seem like the government using the suffering in New Orleans as an excuse to
further enrich the oil companies.
With the crude oil loan, the oil compainies get the oil when the prices are
relatively high, then if they ever pay it back, they can wait to do so when
the prices are lower and pocket the difference. The radio announcer did not
report the rate of interest the oil companies will pay on the loan. Last I
heard the accounting in the strategic oil reserve was almost non-existant.
If that is still true the oil companies may receive more than they will be
required to pay back.
The second issue is the living car free issue. Compared with car people we
breath more air in our trips from point A to point B. We have a higher exposure
to the toxins because we breath more. We're going to get gassed so the refiners
can increase their profit margins. We who have a choice not to use our cars are
doing our part to keep the price of gas low, yet the government punishes us
differentially in the name of keeping the price down. At lunch I surfed around to
the news sites and didn't see any one calling the government out on these
moves. Did I mis-hear the reports? I didn't hear any report about the
government asking citizens to conserve fuel for the people who need it most. If
the availability of fuel is an issue wouldn't it be prudent for citizens to stop using
so much? Wouldn't it make sense for the government to remind people that this
is something they can do themselves just like donating to the red cross?
New Orleans, the government is "loaning" the oil companies oil from the
stragic reserve. Apparently the refineries can't refine crude oil right
now so the oil companies need a loan of crude oil. Another measure reported
on the radio is that the government is rescinding portions of the clean air
act pertaining to gasoline refining. On the face of it both these measures
seem like the government using the suffering in New Orleans as an excuse to
further enrich the oil companies.
With the crude oil loan, the oil compainies get the oil when the prices are
relatively high, then if they ever pay it back, they can wait to do so when
the prices are lower and pocket the difference. The radio announcer did not
report the rate of interest the oil companies will pay on the loan. Last I
heard the accounting in the strategic oil reserve was almost non-existant.
If that is still true the oil companies may receive more than they will be
required to pay back.
The second issue is the living car free issue. Compared with car people we
breath more air in our trips from point A to point B. We have a higher exposure
to the toxins because we breath more. We're going to get gassed so the refiners
can increase their profit margins. We who have a choice not to use our cars are
doing our part to keep the price of gas low, yet the government punishes us
differentially in the name of keeping the price down. At lunch I surfed around to
the news sites and didn't see any one calling the government out on these
moves. Did I mis-hear the reports? I didn't hear any report about the
government asking citizens to conserve fuel for the people who need it most. If
the availability of fuel is an issue wouldn't it be prudent for citizens to stop using
so much? Wouldn't it make sense for the government to remind people that this
is something they can do themselves just like donating to the red cross?
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