British panel: Murdoch ‘not a fit person’ to lead News Corp.

Here’s the lead paragraph from The Wall Street Journal, owned by Rupert Murdoch:

“LONDON—The U.K. parliamentary committee probing illicit voice mail interception by News Corp. shuttered News of the World tabloid released a final report Tuesday concluding that News Corp. Chief Executive Rupert Murdoch is “not a fit person to exercise the stewardship of a major international company” and accusing several former company executives of misleading parliament.”

And here’s an excerpt from the report, compiled by a 11-member parliamentary committee:

“On the basis of the facts and evidence before the committee, we conclude that, if at all relevant times Rupert Murdoch did not take steps to become fully informed about phone-hacking, he turned a blind eye and exhibited wilful blindness to what was going on in his companies and publications.

“This culture, we consider, permeated from the top throughout the organisation and speaks volumes about the lack of effective corporate governance at News Corporation and News International.

“We conclude, therefore, that Rupert Murdoch is not a fit person to exercise the stewardship of a major international company….”

“Corporately, the News of the World and News International misled the committee about the true nature and extent of the internal investigations they professed to have carried out in relation to phone hacking; by making statements they would have known were not fully truthful; and by failing to disclose documents which would have helped expose the truth.

“Their instinct throughout, until it was too late, was to cover up rather than seek out wrongdoing and discipline the perpetrators, as they professed they would do after the criminal convictions.

“In failing to investigate properly, and by ignoring evidence of widespread wrongdoing, NI and its parent company News Corporation exhibited wilful blindness, for which the companies’ directors – including Rupert Murdoch and James Murdoch – should ultimately be prepared to take responsibility.”

– Jay Bookman

335 comments Add your comment

Normal Free, Plain and Simple

May 1st, 2012
12:42 pm

Hey there, hi there USinUK!

You working the night shift?

Thulsa Doom

May 1st, 2012
12:43 pm

“Can somebody translate that please. I cant make sense of it.”- pass the cheesy grits

Irony.

USinUK

May 1st, 2012
12:43 pm

Hi Normal!! nah … usually work until 6:15 before scurrying off to catch the train :-)

you feeling okay?? on the mend???

Finn McCool (The System Isn't Broken; It's Fixed ~ from an Occupy sign)

May 1st, 2012
12:43 pm

what the liberals really want is for Murdoch to be silenced completely.

If that’s all we get, we’ll take it!

USinUK

May 1st, 2012
12:45 pm

I dunno … anyone who thinks this is a political witch-hunt has evidently NOT heard that the Tories are currently running government.

They also are evidently unaware that NOTW paid off cops to get information on families of murder victims, tapped the phones of murder victims (not just celebrities, people — the mobile phone of a 12-year old murder victim) …

you think that’s okay and that he should just get away with it, you’re as sick as he is.

Jm

May 1st, 2012
12:49 pm

Sweet tea is definitely heavier than unsweet tea

Thulsa Doom

May 1st, 2012
12:49 pm

“you say that like it’s a BAD thing …”

USinUK,

And I’m sure all the poor people just loves the fact that there is less oil on the market and hence higher gas prices because of less oil being produced on U.S. federal lands. And for your next trick you will probably try and say that increased U.S. oil production has no effect whatsoever on world oil prices. In other words you will state that ridiculous lib line that the laws of supply and demand do not apply to U.S. oil production. Go ahead. Its predictable and I’m patiently awaiting your silliness.

Pass the Cheesy Grits Please

May 1st, 2012
12:50 pm

you think that’s okay and that he should just get away with it, you’re as sick as he is.

They do. In spades.

Because he is one of them.

An Australian newspaper man says it and they fall right in line.

Very un American.

Normal Free, Plain and Simple

May 1st, 2012
12:51 pm

USinUK,
feeling ok…Docs are still in “conference” Lots of blood work. Other than that… It’s all smiles.

Just a little aside. My Great grand daughter and my Daughter had their birthdays Sunday.
My Great Grand daughter says to me after I asked her how she liked being four. “Grandpa now that I’m four I want my own birthday party. I don’t want to be with “G’ma’s party anymore.” They learn so young.

barking frog

May 1st, 2012
12:53 pm

Jm
Toomsboro, GA is for sale.
You should buy it.

USMC

May 1st, 2012
12:54 pm

Elizabeth Warren makes a great case AGAINST Racial/Identity politics:

Elizabeth Warren claimed minority status — as 1/32 Cherokee…
http://bostonherald.com/news/us_politics/view.bg?articleid=1061128421

USinUK

May 1st, 2012
12:54 pm

“And I’m sure all the poor people just loves the fact that there is less oil on the market and hence higher gas prices because of less oil being produced on U.S. federal lands”

there is MORE oil overall.

and supply has nothing whatsoever to do with the current price situation – this is driven by speculation + taxes + the variety of gas blend regulations across 50 states. In fact, that one last item, alone, would cause a sizeable drop in the price you pay at the pump.

but you can keep blaming hte feds if it blows your skirt up -

USinUK

May 1st, 2012
12:55 pm

“My Great Grand daughter says to me after I asked her how she liked being four. “Grandpa now that I’m four I want my own birthday party. I don’t want to be with “G’ma’s party anymore.” They learn so young”

aw, bless her … she’s not little-little anymore!!

glad you’re on the mend – sorry about having to get poked and prodded, though …

Pass the Cheesy Grits Please

May 1st, 2012
12:56 pm

Go ahead. Its predictable and I’m patiently awaiting your silliness.

What’s silly are your arguments. I dont pay attention to them anymore.

All fluff and BS. Its better to just move along.

You could read this and maybe learn something but you wont so why bother.

http://www.usatoday.com/money/industries/energy/story/2012-04-21/global-factors-gasoline-prices/54421804/1

Like I said its easier to just skip your nonsense.

Its obvious you don’t really know how the world works and are just here to try and make a political point.

We get it. Its all Obamas fault..

USinUK

May 1st, 2012
12:57 pm

criminey, USMC – quoting the Boston Hairlip as a legitimate news source??? what, the Moonie Times hasn’t run a story on it???

Jm

May 1st, 2012
12:57 pm

Frog

Not today. One day

deegee

May 1st, 2012
1:05 pm

I agree that Rupert Murdoch is a despicable businessman, but if a U.K. parliamentary committee is anything like a U.S. congressional committee, then this is a case of the pot calling the kettle black. They could have toned down the rhetoric. “Ignoring evidence of widespread wrongdoing,” “wilful blindness,” isn’t that just another day in the life of a U.K. parliamentarian?

USinUK

May 1st, 2012
1:07 pm

deegee – “They could have toned down the rhetoric. “Ignoring evidence of widespread wrongdoing,” “wilful blindness,” isn’t that just another day in the life of a U.K. parliamentarian?”

like I said, the wrongdoing really was off the charts with Murdoch and NOTW – this really isn’t inflammatory rhetoric … if anything, it’s too tame.

Thulsa Doom

May 1st, 2012
1:09 pm

“and supply has nothing whatsoever to do with the current price situation” – USinUK

There ya have it! Kook left economics at its finest! “Supply has nothing whatsoever to do with the current price situation”. Nothing whatsoever huh? And I take it from your logic that likewise worldwide demand also has nothing to do with the current price of gas?

This is priceless. Priceless! A lib trying to say that supply has nothing whatsoever to do with the current price of gas. It just can’t get any crazier in kook left crazyland. Or can it?

USinUK

May 1st, 2012
1:11 pm

Thulsa – the problem isn’t that supply has been cut / decreased …

the problem is that GLOBAL DEMAND HAS INCREASED … (and unrest … and taxes … and the gas mix)

if you don’t understand THAT, you really are so dense that you absorb light.

Thulsa Doom

May 1st, 2012
1:14 pm

“All fluff and BS. Its better to just move along.” – pass the cheesey grits

Hmmm. This from the poster who I ran off the blogs a week ago or so when he posted that Zimmerman had said “effing coons” about Trayvon and then I had to blow that complete BS outta the water. Boy I bet that your butt is still sore from getting taken to the woodshed on that BS you posted.

Paul

May 1st, 2012
1:15 pm

USinUK

“talk about someone who obviously has NO CLUE about what’s been going on in this case.:

When has that ever stopped them from offering their “this is what IS” expert take on things?

Heck, a number of them don’t even read Jay’s commentary, let alone think about it. It’s ’skim the headlines and start clickin’ on the keyboard’ time.

(ir)Rational

May 1st, 2012
1:15 pm

Thulsa – Do you deny the truth that OPEC would simply cut production in order to negate any increase in production from the US? Also, exactly how are we going to ensure that the amount of oil drilled here stays here?

(ir)Rational

May 1st, 2012
1:16 pm

USinUK – Ouch, kinda harsh implying Thulsa is a black hole. I’ll have to remember that though, cause it is pretty good. :)

(ir)Rational

May 1st, 2012
1:20 pm

Did I break the comments page? I hate when I do that. :(

Jack

May 1st, 2012
1:21 pm

The U.K. parliamentary committee’s probe and findings will allow me to get a good night’s sleep. I was really worried about that situation.

Thulsa Doom

May 1st, 2012
1:21 pm

“the problem is that GLOBAL DEMAND HAS INCREASED … (and unrest … and taxes … and the gas mix”

DUH!!!! Tell us something we don’t know there genius. And while demand has increased supply has likewise not substantially increased. Hence a stagnant or very slowly imporving supply curve has a very significant impact on overall pricing when demand has substantially increased. And if you don’t understand that then you are dumber than your original post in saying that supply has nothing to do with it whatsoever.

The funniest thing is you trying to teach someone who has an economics degree about economics. Kinda like a high school physics student teaching Einstein about physics. The end result was predictable- that I would have to school you on the importance of supply and watch you try and worm your way out of the absurdity of your statement that supply has nothing whatsoever to do with the price of gas. Keep squirming USinUK.

Doggone/GA

May 1st, 2012
1:29 pm

“watch you try and worm your way out of the absurdity of your statement that supply has nothing whatsoever to do with the price of gas.”

No squirming neccessary. In the gas industry demand does not drive supply. Sure, we or some other oil producer could increase our supply, but that would not neccessarily increase the over-all supply because other producers could drop their output to keep the supply level and the prices higher.

Thulsa Doom

May 1st, 2012
1:30 pm

(ir)Rational

May 1st, 2012
1:15 pm
“Thulsa – Do you deny the truth that OPEC would simply cut production in order to negate any increase in production from the US?”

Irational,

Do you have any idea just how effing stupid that statement is? Do you? Jesus H. Christ if you go by that logic then you might as well not produce anything on the premise that increased supply of the same product in another country could undercut your price. My God you guys are drinking from the stupid well.

“Also, exactly how are we going to ensure that the amount of oil drilled here stays here?”

Good god sir. Why the hell does it have to stay here? Does all of the wheat we produce have to stay here? How about all the cars we make? Do they have to stay here? Just how damn dumb can you people be? Do you not realize how many jobs, good paying blue collar jobs, and how much tax revenue that oil production would bring in to our treasury at a time when we are running a 1.3 trillion dollar deficit under the complete idiot in the white house? Do you sir???

JamVet

May 1st, 2012
1:31 pm

Chairman Ann.

Must be the Head Communist for the Russian Randians…

(ir)Rational

May 1st, 2012
1:33 pm

Thulsa – Just so I can get this straight, you’re saying:

OPEC will allow us to put as much oil on the market as we can without changing production. Therefore dropping prices and lowering their profits.
I’m too “effing stupid” to understand your logic.
Also, I’m too “effing stupid” to understand how oil produced in the US, that offset by oil not being produced in other places, is going to lower prices here if it isn’t kept here.

Is that it? Or did I miss a “major point” you were trying to get across. If I did, I’m sure it is just because I’m too “effing stupid” to understand.

JamVet

May 1st, 2012
1:34 pm

“Ignoring evidence of widespread wrongdoing,” “willful blindness,”

Reminds me of Nathan “Widespread Irregularities and Systemic Corruption” Deal…

(ir)Rational

May 1st, 2012
1:34 pm

Doggone – Seems like you might be just as “effing stupid” as I am. I’m thinking of setting up a support group to help me through this revelation, if you would like to come, I’ll send you the literature. :)

Doggone/GA

May 1st, 2012
1:35 pm

” if you would like to come, I’ll send you the literature. ”

yeah, looks like I might need it!

They BOTH suck

May 1st, 2012
1:37 pm

TD

What’s up man? It is early in the day. Take a Valium or something

Thulsa Doom

May 1st, 2012
1:38 pm

“In the gas industry demand does not drive supply.”

Really? Care to elaborate with a link.

“Sure, we or some other oil producer could increase our supply, but that would not neccessarily increase the over-all supply because other producers could drop their output to keep the supply level and the prices higher.”

See my link to irational. It is clear you also need to brush up on your fallacious arguments.

Doggone is another economics genius here. The same one who once tried to tell us that a weaker dollar means we can buy more stuff when the exact opposite is true.

stevie ray..Clowns to the Left and Jokers to the Right..here I am...

May 1st, 2012
1:40 pm

Can anyone tell me how Murdoch is different from our President Trillions? Seems like birds of a feather from a capability perspective…perhaps this has been pointed out already?

Normal Free, Plain and Simple

May 1st, 2012
1:41 pm

Thulsa Doom

May 1st, 2012
1:30 pm

When you start admitting that president Obama inherited most of that deficit and has tried to work with a Congress that will not allow the tax hikes that are the main revenue maker, then I will take your “outrage” seriously.

stevie ray..Clowns to the Left and Jokers to the Right..here I am...

May 1st, 2012
1:42 pm

THULSA,

And to think that genuine economists scare me….geez:-)

Thulsa Doom

May 1st, 2012
1:43 pm

They BOTH suck,

Sorry but I have no tolerance for complete idiocy when it regards to my field of economics. I can handle liberal silliness when it comes to other topics but the fact that complete morons are making completely moronic statements about economics just makes me want to scream. These people actually vote. That is downright damn scary. Damn they are stupid beyond belief.

(ir)Rational

May 1st, 2012
1:43 pm

Doggone – I forgot to mention, my support group is underfunded, so it isn’t free. BUT, for the low low price of $40 per session, you too can receive my help. If I knew how to make the type smaller I would, then I would add: Please note, a session is 6 minutes, with a minimum charge of 20 sessions per person, per day. ;)

Doggone/GA

May 1st, 2012
1:44 pm

“Doggone is another economics genius here. The same one who once tried to tell us that a weaker dollar means we can buy more stuff when the exact opposite is true”

I apologized and corrected that once. I will not do it again.

Doggone/GA

May 1st, 2012
1:45 pm

“I forgot to mention, my support group is underfunded, so it isn’t free. BUT, for the low low price of $40 per session”

But see, I can offer the same support and do it for $35!

They BOTH suck

May 1st, 2012
1:45 pm

TD

No apologies needed……….. Just messing with you

Hope all is well

F. Sinkwich

May 1st, 2012
1:45 pm

“Reminds me of Nathan “Widespread Irregularities and Systemic Corruption” Deal…”

This from the guy who said that Occutard caught crapping on a cop car is a nun.

Bwaaaaaaaa.

(ir)Rational

May 1st, 2012
1:45 pm

Thulsa – First you call me “effing stupid,” and then you say I’m “stupid beyond belief.” I can handle both of those, but the minute you make the mistake of calling me a liberal again, I’ll be forced to teach you the error of your ways.

Thulsa Doom

May 1st, 2012
1:45 pm

Normal,

For God’s sake sir. The damn its W’s fault card? In Obama’s 4th year? Are you effing kidding me? At what point does this idiot in the white house accept any responsibility for continuing 1.3 trillion dollar deficits? When sir? When?

stevie ray..Clowns to the Left and Jokers to the Right..here I am...

May 1st, 2012
1:45 pm

NORMAL,

When exactly did “hope and change” become “it’s not my fault”? From a leadership perspective, what’s up with that? Will he go 2 terms with same mantra???

JamVet

May 1st, 2012
1:46 pm

The disgusting little 81year old has been married thrice. The latest time to someone 38 years his junior. That woman must have trained her mind to go to some very far away happy place when the prune gets her to crawl on top of him!

Normal Free, Plain and Simple

May 1st, 2012
1:46 pm

Raise taxes on everybody and plug loop holes, stop subsidies, and cut Military spending by half. The deficit will be gone in five years or less.

JamVet

May 1st, 2012
1:48 pm

Frank Burns, the inveterate liar is up from his nap.

Shouldn’t you be at your afternoon Klan meeting, Sandwich?

stevie ray..Clowns to the Left and Jokers to the Right..here I am...

May 1st, 2012
1:49 pm

Obama’s about as qualified as Murdoch and as successful as a Korean rocket…change of scenery will do us good. Be fun to see Lefts trade exact arguments with Righties….

dbm

May 1st, 2012
1:50 pm

USinUK,

I posted a reply to your quotation in the Paul Ryan/Ayn Rand thread. My timestamp is May 1st 1:45 PM. (Different from an earlier, more general post.)

Z

May 1st, 2012
1:50 pm

Faux Nutty Nuz and Icky Friends..I rest my case.

JamVet

May 1st, 2012
1:52 pm

Normal,

Wall Street foisted Meltdown??!

What Wall Street foisted meltdown??!

I never saw any Wall Street foisted meltdowns!

Did you see any Wall Street foisted meltdowns??

Ask Righty,

According to him the impact from 9/11 was greater than the Wall Street foisted meltdown that never happened.

http://tinyurl.com/7nz5pyn

Thulsa Doom

May 1st, 2012
1:53 pm

irrational,

You going to teach me the error of my ways? Yeah. WHatever dude. You don’t produce or not produce anything based upon what some other country may or may not do. You can’t run economic policy on what ifs sir.

And you really should educate yourself on Saudi and Arab oil policy. They have had a long standing policy of keeping oil at specific price points. It used to be $75 a barrel but now they would prefer it around $90 a barrel to optimize their income without devastating the world economy and hence triggering recession which would mean a corresponding drop in oil demand. And btw even if they did try and cut production they have serial cheaters anyway like Nigeria.

JamVet

May 1st, 2012
1:54 pm

Time to bring back the new version of George and Dick, huh cons?

Good luck in selling the American voters on George Willard Bush.

The time is quickly approaching for your second consecutive McCaining…

Joe Hussein Mama

May 1st, 2012
1:54 pm

Doom — “And while demand has increased supply has likewise not substantially increased.”

“The greatest Bakken oil production comes from Elm Coulee Oil Field, Richland County, Montana, where production began in 2000 and is expected to ultimately total 270 million barrels (43,000,000 m3). In 2007, production from Elm Coulee averaged 53,000 barrels per day (8,400 m3/d) — more than the entire state of Montana a few years earlier.[21]”

“New interest developed in 2007 when EOG Resources of Houston, Texas reported that a single well it had drilled into an oil-rich layer of shale below Parshall, North Dakota was anticipated to produce 700,000 barrels (110,000 m3) of oil.[22] This, combined with other factors, including an oil-drilling tax break enacted by the state of North Dakota in 2007,[23] shifted attention in the Bakken from Montana to the North Dakota side.[citation needed] The number of wells drilled in the North Dakota Bakken jumped from 300 in 2006[24] to 457 in 2007.[25] Those same sources show oil production in the North Dakota Bakken increasing 229%, from 2.2 million barrels (350,000 m3) in 2006 to 7.4 million barrels (1,180,000 m3) in 2007.”

“The state Industrial Commission said crude production in September 2011 totaled 464,122 barrels a day, or nearly 123,000 more barrels than September 2010. Ron Ness, president of the North Dakota Petroleum Council, said the state should end 2011 with about 150 million barrels of oil produced.[26]”

“According to North Dakota government statistics, daily oil production per well seems to have peaked (or at least reached a plateau) at 145 barrels in June 2010.[27] Although the number of wells doubled between June 2010 and December 2011, oil production per well remains essentially unchanged. However, total oil produced continues to increase, as more wells are brought online.”

Also, “New rock fracturing technology available starting in 2008 has caused a recent boom in Bakken production. By the end of 2010 oil production rates had reached 458,000 barrels (72,800 m3) per day outstripping the capacity to ship oil out of the Bakken.”

Emphasis mine.

Doom, you can diss Wiki if you want to, but the footnotes *just* in the sections I cited come from Fox News, at least one oil drilling outfit, several different area newspapers and (in several cases) the State of North Dakota’s Department of Mineral Resources.

North Dakota disagrees with you, and I’m betting they’ve got a little more than just a BA in Econ backing them up.

(ir)Rational

May 1st, 2012
1:55 pm

Thulsa – So exactly how would they keep oil around $90/barrel if we flooded the market with every ounce of oil we could possibly extract from the US?

Joe Hussein Mama

May 1st, 2012
1:57 pm

BTW, here’s your link from above, Doom.

http://en.wikipedia.org/wiki/Bakken_Formation

Thulsa Doom

May 1st, 2012
1:59 pm

Joe Mama,

Nice long retort but a complete waste. I was talking about worldwide supply has not increased to the point of keeping up with worldwide demand. Domestically we all know supply has increased due to all the drilling on private land and more specifically the ones you linked to. What I am saying is that we should increase supply even more to help with worldwide supply.

Normal Free, Plain and Simple

May 1st, 2012
1:59 pm

Thulsa Doom

May 1st, 2012
1:45 pm

I know you are not that stupid, just because it’s three and a half years into President Obama’s term, the fact is that the money was spent by President Bush. He WAS responsible. To say it’s now President Obama’a fault is stupid. It’s now his problem but not his fault. If Congress would pass his plan, we would be on our way.

You can’t break a window and and just because I walk into the room say it’s my fault.

Normal Free, Plain and Simple

May 1st, 2012
2:01 pm

Jam,
The only buildings I saw “melt down” were the twin Towers and I don’t believe they were on Wall Street.

he's a goner

May 1st, 2012
2:02 pm

Newt dropping out of the race officially as being reported by Jamie Dupree. Good riddance, dude is still begging for money to pay off astronomical campaign debt. Sucker was a 2nd tier candidate maybe even 3rd tier, dude should’ve known the risks involved and dropped out. Gingrinch needs to pay his own debt!

he's a goner

May 1st, 2012
2:02 pm

wish Obama was leaving office too!

he's a goner

May 1st, 2012
2:03 pm

Our governor is helping us protect the unborn from selfish women. Good job!

Joe Hussein Mama

May 1st, 2012
2:04 pm

Doom — “Nice long retort but”

Thank you.

“I was talking about worldwide supply has not increased to the point of keeping up with worldwide demand. Domestically we all know supply has increased due to all the drilling on private land and more specifically the ones you linked to. What I am saying is that we should increase supply even more to help with worldwide supply.”

From where I sit, you’ve been talking about *domestic* prices and *domestic* supply. If I’m reading you wrong, then perhaps you could take the opportunity to be a little more clear, as opposed to having a wang-measuring contest with (ir)Rational, huh?

If you want me to play nice with you today, then you can play nice with me, Doom. Kindly refrain from tossing out phrases like “complete waste,” okay? Then perhaps we can have a nice, polite adult conversation like we rarely seem to have.

Normal Free, Plain and Simple

May 1st, 2012
2:04 pm

Thulsa Doom

May 1st, 2012
1:59 pm

If we increased supply OPEC would decrease their supply to keep prices where they are. No Oil Producer gives a flip about your little gas tank other than how to get as much money out of it as they can. This is that “Free Market” thing you love so much.

Jm

May 1st, 2012
2:04 pm

“George williard bush”?

Liberal desperation

Thulsa Doom

May 1st, 2012
2:04 pm

irrational,

The point is that worldwide demand just a year or 2 ago was around 86-88 million barrels/day and today is 88-91 per day from what I’ve seeen. I’m saying that the U.S> has ample oil resources and that by adding a million or a few million more barrels a day we can help offset some of that increased demand and at the same time provide a good source of jobs and badly needed tax revenue.

And I apologize for saying you or your points were effing stupid. My apologies to doggone if she is still reading.

I just disagree on this topic and find the arguments against drilling to be particularly weak.

(ir)Rational

May 1st, 2012
2:05 pm

Normal – I might not be able to, but Jonathan Goldsmith can. :)

he's a goner

May 1st, 2012
2:05 pm

I agree with Jm @2:04. Romney will not govern like Bush, on most things anyway….

(ir)Rational

May 1st, 2012
2:07 pm

Thulsa – So, ah, you didn’t answer my question. I would truly like an answer.

How does OPEC keep the price of oil around $90/barrel if we were to add another million or so barrels a day to the market?

he's a goner

May 1st, 2012
2:08 pm

I agree with Doom, drill a little more add to the supply and help the American economy and keep gas prices lower for low to middle income earners like myself. High fuel prices hurt our spending power!

Thulsa Doom

May 1st, 2012
2:08 pm

Joe Mama,

Doesn’t matter to me if we play naughty or nice but calling your post a complete waste was not intended to be an insult. It just sucked that you did all that research when I was thinking and talking about worldwide demand and supply. I don’t expect you to be a mind reader though so I can see where you thought that’s what I was talking about.

Normal Free, Plain and Simple

May 1st, 2012
2:09 pm

(ir)Rational

May 1st, 2012
2:05 pm

:D

(ir)Rational

May 1st, 2012
2:10 pm

Thulsa – Don’t get me wrong, I’m not arguing against drilling, I’m just saying it isn’t going to affect gas prices enough to tout it as a solution. The economic benefits to the US would be great, I just wouldn’t notice when I went to the local Shell station to fill up.

Steve - USA (I support "None Of The Above")

May 1st, 2012
2:11 pm

Well I see people are working today and people are shopping.

If Occupy Wall Street protests in the woods and no one hears them, do they make a sound?

Thulsa Doom

May 1st, 2012
2:13 pm

Normal,

You need to do some reading on Saudi and OPEC oil policy. Of course they want high oil prices and of course they aren’t going to complain too much when oil peaks. But they also don’t want it too high for too long to where it triggers worldwide recession, angers it allies- particularly the U.S., and where a recession then triggers economic collapse including a collapse in oil prices.

Joe Hussein Mama

May 1st, 2012
2:14 pm

Goner — “I agree with Doom, drill a little more add to the supply and help the American economy and keep gas prices lower for low to middle income earners like myself. High fuel prices hurt our spending power!”

Even the US Energy Information Administration under President Bush conceded that additional supply, in and of itself, would do very little to reduce prices. They even published a report showing that if ANWR were opened to drilling, it would have no significant effect on world oil prices.

Here’s the report; have a look for yourself.

http://www.eia.gov/oiaf/servicerpt/anwr/

See page 11.

(ir)Rational

May 1st, 2012
2:14 pm

Normal – “He once traveled to the Virgin Islands. When he left, they were just ‘The Islands.’ “

Jm

May 1st, 2012
2:15 pm

Drill here and now

Fix the current account deficit

Joe Hussein Mama

May 1st, 2012
2:16 pm

Doom — “Doesn’t matter to me if we play naughty or nice but calling your post a complete waste was not intended to be an insult.”

Keep that in mind the next time I use those words to describe one of *your* posts, then. ;)

“It just sucked that you did all that research”

Did all what research, Doom? Don’t you know that I have a staff to do that for me? :D

“when I was thinking and talking about worldwide demand and supply. I don’t expect you to be a mind reader though”

Well, *that’s* a switch.

“so I can see where you thought that’s what I was talking about.”

Right. I just took you at your word. That must be where the miscommunication came in.

Jm

May 1st, 2012
2:16 pm

Steve USA

What’s occupy?

Normal Free, Plain and Simple

May 1st, 2012
2:18 pm

Thulsa,
Bottom line, we Americans have been spoiled for too long on gas prices. We are now in the screaming denial stage. We have to accept that gas is a private enterprise and private enterprises are there to make money. We need to overcome our denial and start to work for a better way. There are your jobs, too. We have to do what I was taught in the NAVY…adapt and overcome.

Steve - USA (I support "None Of The Above")

May 1st, 2012
2:19 pm

Fred ™

May 1st, 2012
2:19 pm

Frank Burns, the inveterate liar is up from his nap.

Oh man Jam, I haven’t thought of old Frank in years. They quit showing the reruns……..

http://www.youtube.com/watch?v=FevVfmog4JA&feature=related

he's a goner

May 1st, 2012
2:19 pm

okay Joe, maybe more drilling by its self won’t help but I believe that we should be doing our part in increasing domestic supplies and we should also standardize our fuel, come up with one (cleanest burning) so we don’t have cocktail gasoline, instead our refinery capacity could concentrate on one fuel type, we also have got to look into strenghtening the dollar as well, when our dollar is weak in the exchanges, commodities cost more.

kayaker 71

May 1st, 2012
2:19 pm

Looks like those 4 arrested while trying to blow up bridge are not too bright. From the looks of their pictures, they look a bit like occuturds. It appears after questioning them a bit further, it was noted that one of their potential targets was the Republican National Convention. Just concentrate real hard now liberals….. no, a little harder…… (whisper) Wonder how the media would have handled this if they were Republican Tea Party members intent on blowing up the Democratic Convention. But no, looks like Bookman and all of you occuturd supporters will just ignore this and give it a pass. Ah, objective journalism…. where have you gone?

Thulsa Doom

May 1st, 2012
2:20 pm

“I’m not arguing against drilling, I’m just saying it isn’t going to affect gas prices enough to tout it as a solution”

Irrational,

Well then we just have a fundamental disagreement. You may not know it but he U.S. I think used to be the world’s leading oil producer all the way up till 1950. I read that somewhere and if what I read was correct we produced the majority of the worl’s oil in the first half of the last centruy and right up to 1950 we still produced something like 50% of the world’s oil. Of that was correct then there is no reason why we can’t be a major player again. We need the jobs and oil tax revenue.

Fred ™

May 1st, 2012
2:23 pm

I read that somewhere and if what I read was correct we produced the majority of the worl’s oil in the first half of the last centruy and right up to 1950 we still produced something like 50% of the world’s oil. Of that was correct then there is no reason why we can’t be a major player again. We need the jobs and oil tax revenue.

And then they discovered and exploited the fields in the middle east, North Sea, Mexico, Venezuela……….. and meanwhile our fields started drying up……………

Ya don’t get much oil out of a dry hole………….

Thulsa Doom

May 1st, 2012
2:23 pm

Normal,

I don’t disagree with any of what you just said. Its just that for the foreseeable future we are going to be stuck on oil until a changeover is made. We’re talking 30-40 years minimally and that’s just a fact of life.

(ir)Rational

May 1st, 2012
2:23 pm

Thulsa – So you’re blatantly ignoring my question? Is that because the answer to it would have caused you to go back on what you had said earlier? Is that what prompted your apology? Realizing that you were full of sh*t? Be sure and wipe your mouth, nobody wants to see that.

Matti

May 1st, 2012
2:24 pm

Thulsa @ 2:20,

Linus thinks, that is he read somewhere, and if it’s correct, well then the Great Pumpkin rises out of the pumpkin patch on Halloween and gives presents to all the good little boys and girls. If that is correct, then there’s no reason the Great Pumpkin won’t return this year. We could sure use the presents!

No basis in reality, but nice logic there anyway, huh?

Thulsa Doom

May 1st, 2012
2:26 pm

Fred,

We still have a lot of oil. On both of our coasts, in the gulf, in the arctic, and in Alaska, North Dakota, and other places such as the tar sands and in the shale.

Pass the Cheesy Grits Please

May 1st, 2012
2:27 pm

Its getting really hard to see you getting owned everyday on here Thulsa.

Its like a train wreck you know is coming.

Thulsa Doom

May 1st, 2012
2:28 pm

Joe Mama,

I forgot about your crack research staff. I will no longer feel guilty about your staff wasting its time on research over a misunderstanding. Tee hee.

Pass the Cheesy Grits Please

May 1st, 2012
2:30 pm

Doggone/GA

May 1st, 2012
2:31 pm

“but I believe that we should be doing our part in increasing domestic supplies”

How?

mm

May 1st, 2012
2:32 pm

“If Occupy Wall Street protests in the woods and no one hears them, do they make a sound?”

You’ll hear them loud and clear in November, you corporation protecting cons.