Energy

Gas Prices and the Memorial Day Weekend

Posted by Michael Link on May 25, 2007 at 01:15 PM

Sky-high gas prices are putting the squeeze on working families this Memorial Day weekend, when about 32.1 million travelers will be riding by motor vehicle.

The record-high prices led to House Democrats passing tough new gasoline price gouging laws that the White House has threatened to veto, absurdly calling the penalties for gouging "price controls." The common-sense legislation "calls for criminal penalties of up to $150 million for corporations and up to $2 million and a jail sentence of up to 10 years for individuals found to be engaged in price gouging."

Gas prices have continued to skyrocket in recent weeks, though crude oil is lower than it was last summer. At the same time, as Stephanie pointed out, "ExxonMobil reported this year the largest annual profit of any U.S. company ever: $39.5 billion."

Obviously, the job doesn't end with putting a stop to price gouging. We need a comprehensive plan to become energy independent in this country, developing energy alternatives that not only reduce our dependencies on foreign oil, but also clean up our environment.

Let's compare this to the Republican presidential candidates, such Rudy Giuliani. The Oil and Gas industry is practically president of his fan club, with individual and PAC contributions from the industry totaling $229,923. An "Honorary Texas Oil Lawyer," Giuliani became a partner for Bracewell & Patterson, which was renamed Bracewell & Giuliani, whose clients include "oil refiners, power producers and other energy companies in Texas and near the Gulf Coast." There, Bracewell & Giuliani worked for Saudi Arabia's Oil Ministry and got six figure payments from Venezuelan President Hugo Chavez's Citgo.

Mitt Romney is next in line to be the champion of the Oil and Gas industry, second only to Giuliani in contributions from the Oil and Gas Industry with over $100,000. At Governor Romney's Inaugural Party, NStar Electric and Gas Donated $25K and served as a Platinum sponsor.

It's no wonder that these Republicans have failed to lead on real solutions to lower the price of gas in America. As working families are hurting this weekend at the pumps, now they know who to thank.

Comments (18) «

Yeah, right!
Are our fearful legislators going to fold on this bill, the way they did on the time line for Iraq, when Bush vetoes this bill too?

1
Butte on May 25, 2007 at 01:49 PM

Well, let's see. Bush said it was going to be a bloody summer in Iraq. He seemed proud. Just after that our party voted to give him 100 billion to have that bloody summer.

And gas prices go up. Hello...will someone in our party talk to us like we are real? Like we matter?

You do not give that power to someone who just declared a bloody summer.

Sometimes I feel like the top of my head is going to explode with all the double talk and political speak.

There was once a guy named Howard Dean who did not do that kind of talk. Now he can not give us straight answers either.

http://journals.democraticunderground.com/madfloridian/1326

2
sunny on May 25, 2007 at 02:07 PM

If you think there may be gas price gouging in your area be sure to report it by clicking on the link below:

http://gaswatch.energy.gov

Democrats came up with a bill to make gas price gouging a federal crime but already some Republicans are against it and President Bush may veto it which is exactly why it's very important to contact your Senators and Representives now and tell them you're upset with record high gas prices and that you support the new bill to make price gouging a federal crime because if Democrats can get enough votes they can over-ride any veto threat from Bush. As always please be polite but firm.
Take action by clicking on the links below:

http://senate.gov

http://www.house.gov

Last but not least, write a letter to the editor of your newspapers. Even if your letter doesn't get printed it's important to do this because it will help get public opinion on our, it will help shape how the media reports the news. Click on link below to take action.

http://www.democrats.org/page/content/partybuilderLTE

3
DemocratKickingAss on May 25, 2007 at 02:44 PM

Sign the Petition
Full petition text:
"Gasoline price gouging should be made a federal crime before the summer price increases hurt more American families."

http://pol.moveon.org/stoppricegouging/

4
DemocratKickingAss on May 25, 2007 at 02:47 PM

Interesting. No blog post about the disgraceful Iraq spending bill yesterday but a post touting gas price gouging legislation. Don't do us any favors. The Democratic Party is as beholden to the energy lobby as the Republicans are. The cave in to Bush from the other day clearly attests to that.

If the Democrats are too cowardly to cut the funding on this disgraceful war that has killed hundreds of thousands and maimed even more, then I am cutting my funding to the Democratic Party.

I voted for change in 2006. Instead, we have amnesty to corporations who hire illegal immigrants who they exploit at the expense of American workers, we have Democratic leaders negotiating harmful trade deals IN SECRET with the Bush administration, and we have this cowardly war funding bill that now doesn't even include a withdrawal timetable.

The difference between the Republicans and Democrats is that Republicans are right up front with their contempt of the American people.

The Democrats just pretend to like us.

5
starwheel on May 25, 2007 at 02:59 PM

One of our problems is our refinery capacity. The federal government should build the new refineries we need and pay for them by taxing the oil companies who have not used their record profits to do so. This of course will have to be done with a Democrat in the White House, otherwise, all the money will be stolen or otherwise mismanaged.......John Boy...

6
goodfoe on May 25, 2007 at 03:21 PM

We need to ask Hillary Clinton why gas prices are so high. She was at the Bilderberg Group meeting in 2006 where they were laughing at "stupid Americans get what they deserve." Since that group was formed by oil money I think she should know by now what they are planning. Bill went to the BIG's (Bilderberg Insanity Group) when he wanted to be president and cut a deal to win in exchange for the NAFTA shaft for all of us.I don't trust anyone who goes to the Bilderbergs for anything.

7
Idagrannie on May 25, 2007 at 04:32 PM

Who in this world would vote for men so selfish as to profit from the people of this world that have to drive to work, to church, and to the day care, grocery store ,etc.? What are the house cleaning and day care, and health care workers to
do? My heart goes out to the poor workers of this world! May all protest to change this trend!

8
freeforall on May 25, 2007 at 05:23 PM

goodfoe says: "One of our problems is our refinery capacity. The federal government should build the new refineries we need and pay for them by taxing the oil companies who have not used their record profits to do so."

I like this idea!

I read yesterday that the reason oil companies are not building new refineries or spending $ fixing them is because of increased talks about development of alternative energy sources. They don't want to waiste their profits building new refineries that will become obsolete. They are holding the american people hostage on this.

The problem though is they would raise the price to recoop what they lose through taxation. We have the resources, technology, and brains to become energy independent.

9
dqp on May 25, 2007 at 05:35 PM

Why don't our President lower gas prices the way President Clinton lowered it when he was President?

10
freeforall on May 25, 2007 at 05:40 PM

When is it going to stop! I used to be a proud American. When the President used to represent honesty, pride and really helped the average American. Sorry to sound so sullen, but it's always the "average American" getting screwed by our "elected" officals. A once great nation has fallen; we haven't hit bottom yet. What I am most ashamed about is our President lied to us and Congress about Iraq and we now know this. Didn't President Clinton lie to Congress and they tried so hard to impeach him? The Republicans are right - Democrats are WEAK!!! Never voting again, apathy, I wonder why!!!

11
SCREWEDAGAIN on May 25, 2007 at 06:06 PM

There were some Democrats that voted against funding the Iraq war with no time table. Hillary Clinton, Obama, and Chris Dodd voted no, so did John Kerry and Barbara Boxer and Ted Kennedy. As far as gas prices goes we have to put the pressure on everyone in office, Democrats, Republicans, and Independents to take action. If they all hear from enough of us they will have to do something. Same thing with the Iraq war, more people need to contact those in office about this.
The more that do it the better.

12
DemocratKickingAss on May 26, 2007 at 12:32 AM

The blueprint had been laid by Enron with it's rolling blackouts in California. They used deregulation to minipulate the prices. Shuting down plant's they had purposely bought so they could control services. Pretend you have a problem with numerous plant's at the same time, you get demand. Prices go up.

Move forward to today and you see oil companies who had purchased oil refineries starting in the mid 90's (should be a conflict of interest) systematically shuting down plant's creating a bottleneck with the production of oil. It doesn't matter how much oil we have if we can't get it refined.

What Enron and Big-Oil have in common is they controlled production, this should not be allowed and with record profits there Enron blueprint has been very successful.

The biggest concern is with deregulation. You take the government controls' out of the industries equation. They let the FREE market determine the prices. Whether it's oil, gas, energy or even when we had a failed savings in loan sector, without government controls you leave yourself vulnerable to cartels and price rigging.

Is it a coincidence that we had the rolling blackout's with Enron? Is it a coincidence that this administration is for letting the free market decide prices? Is it a coincidence that since the republican's had taken control of congress in '94 and stole the white house in 2000 that all of the major industries have prices that have soared. Insurance, medical, energy, oil and gas, even the credit card industry.

Without the government there to control these industries you'll have the problem with greed. Record salaries for CEO's, stagnant wages for everyone else. Jobs going overseas, plant's closing down and laws that are on the books being ignored by big businesses and this government. The hiring of illegals come's to mind as this administration has not gone after the employers who hire them.

There is no doubt that republicans care only for corporate entities and there shareholders. Will a Democratic controlled white house, senate and congress change this? Time will tell, let's hope so.

13
drewtyler on May 26, 2007 at 07:04 AM

The blueprint had been laid by Enron with it's rolling blackouts in California. They used deregulation to minipulate the prices. Shuting down plant's they had purposely bought so they could control services. Pretend you have a problem with numerous plant's at the same time, you get demand. Prices go up.

Move forward to today and you see oil companies who had purchased oil refineries starting in the mid 90's (should be a conflict of interest) systematically shuting down plant's creating a bottleneck with the production of oil. It doesn't matter how much oil we have if we can't get it refined.

What Enron and Big-Oil have in common is they controlled production, this should not be allowed and with record profits there Enron blueprint has been very successful.

The biggest concern is with deregulation. You take the government controls' out of the industries equation. They let the FREE market determine the prices. Whether it's oil, gas, energy or even when we had a failed savings in loan sector, without government controls you leave yourself vulnerable to cartels and price rigging.

Is it a coincidence that we had the rolling blackout's with Enron? Is it a coincidence that this administration is for letting the free market decide prices? Is it a coincidence that since the republican's had taken control of congress in '94 and stole the white house in 2000 that all of the major industries have prices that have soared. Insurance, medical, energy, oil and gas, even the credit card industry.

Without the government there to control these industries you'll have the problem with greed. Record salaries for CEO's, stagnant wages for everyone else. Jobs going overseas, plant's closing down and laws that are on the books being ignored by big businesses and this government. The hiring of illegals come's to mind as this administration has not gone after the employers who hire them.

There is no doubt that republicans care only for corporate entities and there shareholders. Will a Democratic controlled white house, senate and congress change this? Time will tell, let's hope so.

14
drewtyler on May 26, 2007 at 07:06 AM

If we would ease the EPA restrictions on the refinaries and let them build a new one, maybe that would be a start.

15
i-like-to-move-it on May 26, 2007 at 09:25 PM

EPA? What EPA? Like all government agencies designed to help the health and safety of the workers, the EPA has been slowly strangled by the Bushiato so that it is a mere shadow of anything that can help the American workers.
New refineries are not being built, because the OILigarchy doesn't want this country to have enough capacity to supply the needs of Americans, and they can keep the prices of petroleum products outrageously high, and make record profits, now that the Bushiato has reduced the taxes for the rich, and doesn't even bother to enforce what few taxes are left for them.
Meanwhile between taxes, and greedy overpricing of necessary commodities the American Workers are running out of money, and patience.

16
Butte on May 26, 2007 at 11:19 PM

Why don't we invade another oil rich country?

Then you fools at the DNC can fund that illegal war too!

17
Com_N_Sense on May 27, 2007 at 09:25 AM

I hope people know that when we buy gas we are giving money to the Republican campaign and helping kill people. When in the hell are the politicians going to stop all this MADDNESS. I am so sick a tried of giving money to people that kill people for power, money and oil. I also would like to see my tax money going to help people instead of killing people. But who I'm I to tell our great government how to spend MY MONEY?? They will NEVER stop making war. There is to much money to be made. KILL,KILL,KILL is all this DAMN COUNTRY THINKS Of.

18
usahope1 on May 29, 2007 at 01:10 PM


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