pizazz
Champion Author
Columbus
Posts:1,963
Points:66,100
Joined:Mar 2005
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Message Posted: Mar 8, 2006 9:14:46 PM
OK, TRAINJUNKIE,
Why did Bush lie to Congress to get a war started?
Remember Truman's "The Buck Stops Here" desk sign?
Sorry, Share2Know. I don't have answers for your questions but Trainjunkie is on the wrong train.
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trainjunkie47
Champion Author
Detroit
Posts:9,082
Points:1,311,430
Joined:Aug 2005
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Message Posted: Jan 11, 2006 1:20:58 AM
Hi share2know. Want some hard fact on the matter of high prices for oil, ok. In economics classes, your instructor will automatically show you within the first hour a parabolic curve with supply and demand on the axis. The instructor will attempt to demonstrate that just a slight disruption from normal in the supply will affect demand, and vise versa. The curve is parabolic because each unit of supply removed will hamper demand (and price) exponentially more than the first. You might have heard of two rather large nations in Asia, China and India, who recently began tremendous expansion of their industrial base. The industrial expansion has resulted in a significantly higher demand for a limited commodity, oil.
Numerous things have hampered our attempts to keep pace with this oil shortage, but there is one common stopping force, liberals. Here in the United States, we had a fledgling nuclear power industry poised to assist with the energy crunch. An event took place in 1979 at Three Mile Island, South of Harrisburg, Pennsylvania. Six months later, a movie titled The China Syndrome hit the movie theaters. That was the fatal blow for nuclear power as a commercial energy source here in the US, as overnight, a few tree huggers successfully transformed half a nation into mind numb lemmings, fearing they would glow in the dark one day. The United States also has proven reserves of oil which are economically viable to drill for. Although these quantities of oil pale compared to the Middle East, they would go a long way toward helping the problem.
Misguided environmental regulation preventing refining and storage capacity expansion, poor trade practices, and ignorance, have all hampered our efforts to keep pace.
What you will hear from some others is a combination of mis-information and outright lies. Many others will tell you that it is all the fault of George Bush, even though it is public record that Bush owns no oil stocks, period. They will spin tales of greedy oil company execs ripping off everybody, despite a ten year profit ratio that is below the NYSE and S&P 500 averages. Five sixths of the stock shares of these so called evil oil companies are actually held in pension funds, many for public employees such as teachers and firefighters. Some will lie to you knowingly, openly stating that Bush started an illegal war for oil. That statement is false on both points.
Good luck with your project, although watch the rhetoric and political inferences, as your instructor is most likely a Ted Kennedy groupie and will fail you if you even suggest Bush is not to blame.
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