Posted by
On the Right on Friday, May 09, 2008 7:41:21 PM
Why are Democrats keen on treating oil companies
like they’re comic-book villains and the windfall profits tax is just a
well-deserved enema that will teach Big Oil to pay its fair share? “Take That, Big Oil!”
If you tell oil companies that they won’t be able to keep their profits
past a certain point, you know what they’ll do? They’ll make money
right up until that point and then they’ll stop. Unlike the guy
building the better mousetrap, oil companies aren’t in it for the
glory, they’re in it for the money. . . .
So people dependent on pension funds — union workers, government
employees and the like — will be asked to sacrifice some of their
retirement income. Jobs dependent on oil and gas extraction would be
cut. And, as Schumer explains, money that would otherwise be invested
in exploration and improved efficiency will instead be diverted to
“alternative” energies that politicians (like Schumer) think are better
investments.
No wonder Schumer’s so cocky, given the boffo
success of Washington’s “investment” in ethanol, which creates more
greenhouse gases than oil does, contributes to deforestation, and is
fueling the starvation of millions around the globe.