Republicans Vow First Order of Business Will Be A Pointless Exercise in Showing Who’s Boss by Approving KXL
January 5, 2015

 
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As I noted a few weeks ago, I’m still surprised by the number of people that just don’t remember that gas was WELL below $2/gallon before… not just before George W. Bush… but two years into the Bush presidency before the invasion of Iraq in 2003. They just couldn’t fathom gas prices ever being as low as we’re seeing it today (close to $2/gallon.) In fact, in 2003, oil hit just $35/barrel the week before the invasion of Iraq after hovering around $29/barrel for years. (I’ve linked to this video of mine numerous times of how one economist predicted what the invasion of Iraq might bring… if not UNDER-ESTIMATING the costs, two weeks before the invasion. In the background you can see gas prices were still around $1.79/gallon in the North-East.) It took a second war and a President/Congress completely unwilling to regulate oil speculators to drive oil prices up to nearly $150/barrel and gas over $4/gallon, laying the groundwork for the ensuing global economic collapse. During the 2012 Presidential race, Newt Gingrich… struggling for a coherent message (“moonbases” just wasn’t packing them in)… settled on promising “$2.50/gallon gasoline by the end of his first term in office” (2016) by “approving the Keystone XL Pipeline” and drilling for oil in every backyard in America (interesting side-note: Mitt Romney vowed to bring Unemployment “below 6.5% by the end of [his] first term”). Yet in two years… not four… the price of gasoline is well below $2.50/gal nationally and can even be found for under $2/gal in many states (one local Exxon station near me here in Houston is selling Regular Unleaded for $1.89/gal.) And it all happened without approving the freaking pipeline. Fantastical promises of “1 million new jobs” were quickly/easily debunked. Most of the construction is already complete. The pipe itself has already been made/purchased. The company benefiting isn’t even American and the vast majority of the “oil” is already earmarked for export overseas, having little to no impact on domestic gas prices. And the process of converting greasy Canadian sludge into “oil” requires a per-barrel price-point nearly $20/barrel higher than it is now, making the entire project a money LOSER. Even if approved, “Trans-Canada” would likely not pursue it for years til the next Republican president drives oil prices back into the stratosphere. But as OPEC has now proven, all they have to do to eliminate the competition is to make the pipeline too costly to operate by simply pumping more oil. One might think that all this might convince even Republicans that completing the Keystone XL pipeline is an exercise in futility, but you’d be wrong. Undeterred, incoming Senate Majority Leader Mitch McConnell has declared that “the FIRST vote of the new Congress will be to approve the Keystone XL pipeline” (with WY Senator John Barrasso on “Meet the Press” yesterday citing those “42,000 jobs” as to why it is needed.) Whether either senator knows that that’s “42,000 low paying temp jobs stretched out over two years“, I couldn’t say. Nor do I think it would make a difference. No, Senate Republicans have already admitted that their true reason for making passage of the Keystone XL such a high priority is that it is “a test” [ibid] of political will in Washington. They’ve convinced enough brainless Right-wingers that approving the KXL is “a no-brainer” and that an Obama veto would be nothing more than a challenge to their authority… nay… “the will of the American people” that voted them into office this past year. And THAT is what this vote is all about. It’s not about “creating (imaginary) jobs” or “reducing gas prices”, it’s just more childish gamesmanship by the GOP in a pointless flexing of political muscle.

You might remember that just this past November, just days after the election, in a desperate/futile/pointless/asinine attempt to save DINO Mary Landrieu’s (D-LA) Senate seat in a runoff election, Congress voted on whether or not to approve the KXL. The bill failed to reach the 60-vote super-majority threshold necessary to overcome a Democratic filibuster. Landrieu did so poorly in the runoff election that it is doubtful passage of the bill would have affected the outcome of the election anyway. With the added seats in the Senate this year, Republican’s probably have the support of enough brain-dead Democrats to overcome a Democratic filibuster should it come up for a vote again, but NOWHERE NEAR the 67-vote Super-majority they’d need to override a presidential veto, making the entire exercise pointless & futile… IF passing the now irrelevant pipeline were indeed the point (which it isn’t.) It’s all about petty power-starved Republicans trying to show Americans “who’s boss”. They’ve built up this insane reality that exists only in their fevered imaginations where Americans hate President Obama and disagree with him on ever major issue. It’s a world in which Keystone means “jobs, jobs, jobs” and gas under $2.50 a gallon. It’s a world in which Sen. Ted Cruz can declare with a straight face that “Americans are suffering because of ObamaCare” and that “Benghazi” is the greatest political scandal since “Monica Lewinski”.

Republicans see no downside to creating “jobs” regardless of cost… so long as it is a Conservative-friendly industry (be it oil or bombs). They’ll give away Billions in tax incentives to oil companies and spend yet billions more in environmental cleanup in exchange for just 42,000 low-wage jobs (roughly $600K for every $20K/year job.) But tell them how investing in green technology produced a a $5-BILLION ROI, and all you’ll hear is snarky jokes about “Solyndra” (a $300 million loss).

Of course, all this political gamesmanship has nothing to do with “jobs” (last year, unemployment fell at its fastest rate in 30 years) or “bringing down oil prices” (oil now below $54/barrel with gas at $2.20/gallon, a full 1/3rd lower than it was one year ago) and everything to do with Republicans trying to show Obama “who’s boss”.
 


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January 5, 2015 · Admin Mugsy · One Comment - Add
Posted in: Election, Energy Independence, General, Greed, Jobs, Money, myth busting, Partisanship, Politics, Right-Wing Insanity

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