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  #201 (permalink)  
Old 08-19-2008
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I sure this has nothing to do with drill now, drill here, etc.

Big Oil's lobby machine - Aug. 19, 2008

Just interesting. I would never suggest that politicians could be bought. No. Not me. I am just wondering if there could possibly be, by some off chance, even the slightest possibility that they are selling a bill of goods???

Nah.

- CD
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  #202 (permalink)  
Old 08-19-2008
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Is there a good reason we shouldn't drill, and use our available resources? Is there some reason to "save" what reserves of crude we possess? Every barrel we supply ourselves, is one less that has to be imported. Or is this not a good thing?
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  #203 (permalink)  
Old 08-19-2008
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"At the national level, lobbying on the issues are 12 major environmental organizations with a wide range in experience, size, style, and philosophy. The mainstream Sierra Club (650,000 members), for example, prefers grassroots action, while the more radical Earth First (15,000 members) shuns the strategy of lobbying Congress directly and prefers to use 60s-style protest and street theater to further its agenda. The EDF (150,000 members) and the Natural Resources Defense Council (125,000 members) prefer legal action and employing lawyers to lobby and litigate. Greenpeace (1.4 million members) has built its powerful organization by emphasizing direct action rather than lobbying Congress. "We're not going to play by our opponents' rules," says Hind. "We don't have their money or staffs. Instead, we believe in going over their lobbyists' heads directly to the people."

Sounds like the Enviro's can do a pretty good lobbyin job too....or convince the courts to do what the legislators won't.
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  #204 (permalink)  
Old 08-20-2008
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What industry above the level of the Mom & Pop grocery store doesn't lobby in Washington?

If you were CEO of a multi-billion dollar corporation would you have a lobbyist or two in Washington?
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  #205 (permalink)  
Old 08-20-2008
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Hey Sway....when you get a chance...were haven some fun talkin about sailing over in the sailing section........Just thought you might want to know.
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  #206 (permalink)  
Old 08-20-2008
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I noticed it ranked 5th behind Drugs, Insurance, Electric, and even computers. Makes you wonder why the computer industry has to spend so much money lobbing. More important is that it just a few million above the education industry, which has increasingly balloned as your local government has had to spend more and more of your tax dollars to petition the federal government. I'm sure this bit of info candy will be thrown around for it's full effect with little discussion about why the oil industry feels it has to spend so much to get it's message across, or why four other industies that bring so much to the world have to spend even more.
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Old 08-20-2008
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Drug company lobby...
to make sure that prices here in the good ol' USA remain higher than say, darn near anyplace else they ship product to.

Insurance lobby?
to make sure that they can, with a staright face ask for 46% increases in homeowners rates despite paying out less in the previous years claims.

Electric companies?
same old rate increase thing

Education? thats easy
one word TENURE

Computer? China NEEDS VISTA dammit.

(tongue firmly in cheek)
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  #208 (permalink)  
Old 08-21-2008
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Report: One trader held 11 pct of Nymex contracts: Financial News - Yahoo! Finance

Noo.... it cannot be true... whodathunk? By the way, I predict that oil will be at $66/barrell by November 5th.

- CD
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  #209 (permalink)  
Old 08-21-2008
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Quote:
Originally Posted by Cruisingdad View Post
So what's the big deal?
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  #210 (permalink)  
Old 09-11-2008
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Oil brokers sex scandal may affect drilling debate


WASHINGTON - A scandal involving sex, drugs and — uh, offshore oil drilling. It's a strange mix, and it couldn't have come at a worse time for those in Congress pressing to expand oil and gas development off America's beaches while trying to stave off an election-year rush by Democrats to impose new taxes and royalties on the oil industry.



An Interior Department investigation describing a "culture of substance abuse and promiscuity" by workers at the agency that issues offshore drilling leases and collects royalties hit lawmakers Wednesday just as they prepared for votes next week on expanding offshore drilling.

"On the eve of Congress starting this big debate you've got a horror story of mismanagement and misconduct in programs that are going to be a key part of the discussion," Sen. Ron Wyden, D-Ore., said in an interview, adding that it can't help but influence the debate.

The two-year, $5.3 million investigation by Interior's inspector general found workers at the Minerals Management Service's royalty collection office in Denver partying, having sex, using drugs and accepting gifts and ski trips and golf outings from energy company representatives with whom they did government business.

The investigations exposed "a culture of ethical failure" and an agency rife with conflicts of interest, Inspector General Earl E. Devaney said.

Between 2002 and 2006, 19 oil marketers — nearly a third of the Denver office staff — received gifts and gratuities from oil and gas companies, including Chevron Corp., Shell, Hess Corp. and Denver-based Gary-Williams Energy Corp., the investigators found.

"Employees frequently consumed alcohol at industry functions, had used cocaine and marijuana, and had sexual relationships with oil and natural gas company representatives" who referred to some of the government workers as the "MMS Chicks."

The director of the royalty program had a consulting job on the side for a company that paid him $30,000 for marketing its services to various oil and gas companies, the report said.

MMS Director Randall Luthi said in an interview the agency was taking the report "extremely seriously" and would weigh taking appropriate action in coming months.

But the impact in Congress, where lawmakers are debating an expansion of the offshore oil and gas leasing program by allowing drilling in areas long off limits, was immediate.

"This is why we must not allow Big Oil's agenda to be jammed through Congress," said Sen. Bill Nelson, D-Fla., who strongly opposes any expansion of offshore drilling, especially closer to Florida. He said the report "shows the oil industry holds shocking sway over the administration and even key federal employees."

"This IG report has it all — sex, drugs and the Bush administration officials once again in cahoots with Big Oil," said Sen. Charles Schumer, D-N.Y., whose Joint Economic Committee released a report last year claiming the Minerals Management Service has failed to collect millions of dollars in oil royalties.

Republicans and Democrats promised further scrutiny of the Interior Department agency which last year handled $4.3 billion in royalty-in-kind payments from energy companies drilling on federal lands. Under the program oil companies give the government oil in lieu of cash and the MMS office in turn sells the oil on the open market.

Sen. Jeff Bingaman, D-N.M., chairman of the Senate Energy and Natural Resources Committee, said the IG report "raises very serious questions" about the royalty collection process, something especially troublesome "given the potential for expanded domestic drilling." He said some basic reforms in the royalty-in-kind program should be included in drilling legislation.

Wyden said the program should be suspended to "clean house" at the federal agency and "bring back the process of rigorous audits and accountability."

Rep. Henry Waxman, D-Calif., chairman of the House Oversight and Government Reform Committee, planned a hearing on the investigation next week. Two of the committee's key Republicans — Reps. Tom Davis of Virginia and Darrell Issa of California — criticized Waxman for not pursuing an investigation into the royalty program earlier.

But Republicans rejected suggestions that the scandal makes the need for more offshore oil and gas any less urgent.

House Democrats on Wednesday offered a broader drilling proposal than they had floated previously. It would lift all moratoria on drilling 100 miles from shore and allow energy development beyond 50 miles from the coast if a state agrees. Waters closer than 50 miles would continue to be protected.

The drilling measure is part of a broader energy package that also would roll back tax breaks for the largest oil companies and require them to pay additional royalties, with the money to be used to spur renewable energy programs and conservation.

House Majority Leader Steny Hoyer, D-Md., called it "a strong bill that will increase responsible drilling and invest in renewable energy" and said those criticizing it would "rather have a political issue."

But House Republican leader John Boehner, R-Ohio, accused the Democrats of "trying to pull a hoax on the American people." He said the plan would result "in little or no new American energy production" because states would share no royalties and have little financial incentives to allow drilling.

The Senate, meanwhile, is expected next week to take up several drilling proposals, including one that would open waters off the Atlantic from Virginia to Georgia and the eastern Gulf off Florida to drilling but keep the bans in place elsewhere. That plan also would allow for a 50-mile coastal buffer.
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