Do any of you have children? Do you recall the scenes where the little darling breaks something, or spills something, or otherwise causes a minor calamity, and then runs to mommy and blames it on another toddler. Or better yet “Sally MADE me do it!”

I was reading some posts regarding the recent Hijinks by the Senate Judiciary committee and that little scenario repeatedly came to mind. Children. We have children in office.

Vindictive and spiteful children. ”

Leahy and his comrades showed up ready to blame American oil companies for the high price of gasoline,

Not very bright children.

Not surprisingly, the petroleum executives stole the show, as they were far smarter, infinitely better informed, and much more public-spirited than the Senate Democrats.

And very, very, greedy children…

On the average, 15% percent of the cost of gasoline at the pump goes for taxes, while only 4% represents oil company profits. These figures were repeated several times, but, strangely, not a single Democratic Senator proposed relieving consumers’ anxieties about gas prices by reducing taxes.

That last bears special interest.

Do you recall recently that some candidate for President was calling for a “tax holiday” this summer while the other was vehemently denying that such a thing should ever happen? I don’t recall which one said what. They all look alike to me, but I remember the event.

Well isn’t that something? The government doesn’t want to loose it’s 15 percent but is perfectly willing to dig into the Oil Companies 4 percent, their so called “excess profits”.

I’d strongly advise reading about what our lords and masters are doing to us. It isn’t pretty. The government has limited, regulated, and corralled the oil companies such that the oil companies:

can only compete directly for 7 percent of the world’s available reserves while about 75 percent is completely controlled by national oil companies and is not accessible.

Using Exxon Mobile as an example.

Exxon Mobil is the largest U.S. oil and gas company, but we account for only 2 percent of global energy production, only 3 percent of global oil production, only 6 percent of global refining capacity, and only 1 percent of global petroleum reserves. With respect to petroleum reserves, we rank 14th. Government-owned national oil companies dominate the top spots. For an American company to succeed in this competitive landscape and go head to head with huge government-backed national oil companies, it needs financial strength and scale to execute massive complex energy projects requiring enormous long-term investments.

To simply maintain our current operations and make needed capital investments, Exxon Mobil spends nearly $1 billion each day.

One Billion a day. How would you like to pay one billion a day to maintain your truck? That’s what he’s talking about. Spend one billion a day to “maintain the machine” or it starts to fall apart. I’d say that it would take a LOT of money to continue to do that. Excess profits indeed.

As I Mentioned in a previous post MUCH of the proven reserves of oil and natural gas in the United States are off limits. Think about that for a minute. We have the oil, we know where it is. We can get to it fairly easily. It’s cheap oil. It would be profitable at, oh, say, $40 a barrel.

Forty dollars a barrel equates to a whole lot less than the FIVE DOLLARS a gallon I paid for diesel the other day in Pennsylvania.

And the Senate Judiciary Committe and particularly the Democrats are blaming “big oil” for the high price of gas?