I despise hypocrisy. It is a lie to me. It is full-frontal betrayal. It sickens my stomach more so than people swooning over Obama like a rockmovie star.
Today comes news that the House and the Senate both voted on bills that told the President to stop buying oil to fill up the National Strategic Oil Reserves.
Their case? That oil needs to be in the market in order to reduce the price load upon consumers. The more oil on the market there is will cause the price of gas to go down for consumers.
"Instead of hiding barrels of oil in the nearly full Strategic Petroleum Reserve, we want to put them on the market to increase supply and lower prices," said Senate Majority Leader Harry Reid.
Democrats trying to pressure Saudi Arabia to boost oil output introduced legislation in the Senate on Tuesday that would stop a $1.4 billion U.S. arms sale to the kingdom.
Separately, the Senate rejected a broader Republican energy measure which would have allowed oil drilling in the Arctic National Wildlife Refuge and in the waters off coastal states where energy exploration is now banned.
Oil companies say Alaska should pay $800 million in damages, claiming the state breached a deal when it revoked gas and oil leases on a North Slope oil field. Exxon Mobil Corp. filed the claim with the Alaska Department of Natural Resources on behalf of itself and lease partners on Monday over the revocation of Point Thomson oil and gas leases.
Separately, the company filed a request for reconsideration of a gas field development plan it submitted but was rejected by Resources Commissioner Tom Irwin last month.
Point Thomson holds nearly one-fourth of the 35 trillion cubic feet of natural gas reserves the state and the industry hope to one day ship in a gas line to Midwestern markets.
ExxonMobil and its major partners at Point Thomson, BP, Chevron and ConocoPhillips, are in the middle of a dispute with the state over the status of state oil and gas leases in the field, where about 8 trillion cubic feet of gas and 200 million barrels of liquid condensates have been discovered by past drilling.