Wednesday, August 4

CHENEY SAYS DEMOCRATS ARE RESPONSIBLE FOR HIGH GAS PRICES. Juan Cole says, oh yeah?


Professor Cole explains why Bush-Cheney, not the Democrats, are responsible for high gas prices:

Cheney, being an oil man, knows exactly why petroleum prices are high.

1) The Iraq War and the US mishandling of the aftermath have had a significant upward impact on petroleum prices. a) The uncertainties of the Iraq situation (and remember that the US is rattling sabres at Iran periodically, too) are adding at least $10 a barrel to the price in speculation and anxiety...b) The continued sabotage of Iraqi oil pipelines and facilities have most often limited Iraqi exports to a million barrels a day, when before the war Iraq was exporting 2.5 million...That puts the Cheney Premium on US gasoline prices at 27 percent!
2) The consolidation of the energy market in a few corporate hands has pushed up prices, and threatens to become worse. We already know that Enron, led by Bush's dear friend and patron, Ken Lay, ripped off California consumers deliberately.
3) Instead of taking steps to increase US energy efficiency in the wake of 9/11, the Bush administration has encouraged consumption. High consumption contributes to high prices...
4) There are other causes for the high prices right now, including decisions of the OPEC cartel (Cheney's friends), a strike in Nigeria, and the Russian government's dispute with Yukos Petroleum over $3 billion in unpaid back taxes. These crises are temporary and will pass, and the price will fall again. To my knowledge, the US Democratic Party is not involved in any of these crises. There is also a shortage of refineries, which has to do with decisions of the big energy corporations in the US; Cheney's friends, again.

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