Hey Look, A Global Market, And They Don’t Play Fair
Posted by Andy on June 18th, 2008
For all those getting dupped by the liberal Democratic nonsense about not being able to drill….. here’s some food for thought.
China is one of the biggest economic competitors and a potential looming threat to World politics given their rapid military expansion, espionage, and technology pirating. The US is trying to use diplomatic means to keep China from destroying world markets and becoming the security threat many of us fear.
With their huge population and relevance in the world’s manufacturing sector, we have to deal with them. Here’s a snippet from the WaPo about our ongoing talks that should hopefully help educate people with facts of fuel prices.
As high-level delegations from the United States and China meet this week in Annapolis for their latest talks on economic coordination, the Bush administration’s concerns about the value of the Chinese currency have been overshadowed by anxiety over the global price of oil.
Since the Strategic Economic Dialogue began two years ago, U.S. policymakers have repeatedly pressed Beijing to curtail manipulation of its currency. China’s objections failed to change the subject. But now, rising oil prices have taken center stage much as they are dominating economic and political discussions worldwide.
On the first day of talks, U.S. officials repeated their call yesterday for China to stop subsidizing fuel for its citizens, arguing that it contributes to surging demand for oil and thus higher global prices. Since Chinese citizens pay a fraction of the market price, they have less incentive to pull back in their use of gasoline and heating oil. (WaPo)
Now the Democrats in America openly advocate for higher prices and taxes on fuel and “gas guzzelers” in order to get us to consume less. Here we have a perfect example from a country that is trying to grow their economy. They want lower prices.
This tells us 2 main things.
1) Democrats don’t want to our economy and nation to grow anymore, especially if it means we would consume more energy, hence their opposition to anything that may lower prices.
2) When a nation manipulates a market, like energy it gives them an advantage over other nations, or imposes mandates that increase prices domestically, it harms their economy. See China and the US today.
Let’s look at the oil consumption for the last decade for the US and China. (Source EIA)
China
Petroleum (Thousand Barrels per Day) Total Oil Production Crude Oil Production Consumption Net Exports/Imports(-) Total Oil Exports to U.S. Refinery Capacity 
Proved Reserves
(Billion Barrels)24.000 24.000 24.000 24.000 24.000 24.000 18.250 18.250 18.250 18.250 16.000
China’s oil consumption and refinery capacity have both nearly doubled in the last 10 years.
And the US.
Petroleum (Thousand Barrels per Day) Total Oil Production Crude Oil Production Consumption Net Exports/Imports(-) Refinery Capacity Proved Reserves
(Billion Barrels)22.017 22.546 21.034 21.765 22.045 22.446 22.677 21.891 21.371 21.757 21.757
US Oil consumption and refinery capacity have been flat and showing signs of leveling off.
Do you see the problem with the Democrat’s policies and political/campaign agenda yet?
We have a refinery roadblock. Even if they would allow us to increase our domestic oil supply, we’re unable to immediately utilize it. We need to build more refineries.
The US is not the Gas guzler the Democrats want you to think. Our nation has leveled off on its consumption. Sure we’re spending more money on fuel, but it does not reflect an increase in our usage.
China and other nations around the world are not getting bogged down with the environmental nonsense that rules the day here in our bureaucracy known as our government. They are doing what they need to do to grow their nations.
The policies of the left in America are going to destroy us. We can’t continue to live as we do with the high prices. And that is the key point here. Democrats don’t want us to grow our own lives. Their plan for solving the energy price crisis is simple.
Democrats want us to LIVE LESS.
If we LIVE LESS, then we consume less.
Meanwhile America as we know it will cease to exist. They will ration freedom through high prices.
Drill here! Refine here! Save here!
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