An Ol' Broad's Ramblings
Senator Corker: Who’s Side Are You REALLY On?
From the brilliant mind of Blue Collar Muse:
Thus the next command from government beyond where we drill and where we sell will be how much we produce. Only produce here; only sell there – as if government owned the oil. Couple these restrictions with government requirements that Big Oil finance R&D which makes their product less marketable and you complete the picture of the ignorance the Gang wants foisted on the American public as beneficial. And Bob Corker says this is exactly what he wanted to accomplish in DC. Corker and the Gang would be better advised to join up with their GOP House colleagues’ #Don’t Go Movement. It provides all the benefits they say they want with none of the drawbacks.
To recap, the R&D the Gang proposes won’t be helpful for years. They tease you with tax credits for far off R&D results you’ll end up paying for later anyway via the same high prices they claim to be fighting. As beneficial as R&D is for tomorrow, today’s prosperity requires inexpensive, readily available oil. The immediate burden of surviving lean R&D years falls on Big Oil. But they must work while prevented from drilling in the best places, selling for the best prices or providing the best wages and profits for Americans; all the while dealing with government imposed reductions on the value of their market and product.
Read all of the post here.
