{"id":30140,"date":"2008-08-15T01:01:01","date_gmt":"2011-05-19T03:30:06","guid":{"rendered":""},"modified":"2011-05-19T03:30:06","modified_gmt":"2011-05-19T03:30:06","slug":"big_oil_and_staggering_ignorance","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/08\/15\/big_oil_and_staggering_ignorance\/","title":{"rendered":"Big Oil and Staggering Ignorance"},"content":{"rendered":"
\n

RUSH: Bill in Reading, Pennsylvania, you\u2019re up next. Open Line Friday. Hello.<\/p>\n

CALLER: Rush, hello, thanks for all that you do. I want to go back to the oil drilling legislation, and I have two points with regard to that. I agree, we\u2019re all glad the price has come down of oil on to where it is today, but it\u2019s still too high, and I think we\u2019ve gotta keep the pressure on the Congress for when they come back to pass good domestic oil drilling legislation. Second point is, if somehow the Democrats are successful in blocking it or they water it down that it\u2019s not worth passing an energy bill, then I think we need to support the Republicans with regard to the kind of the poker game of continuing resolution and the risk that that is to cut off government funding as of October 1st, but it will also eliminate the moratorium immediately. So those are the two points, and I just wanted to get your reaction.<\/p>\n

RUSH: Well, in the first place, Pelosi has now withdrawn her… I don\u2019t even know if you could say it was a commitment, but she had said that she was willing to let there be a vote and a debate in the House on offshore drilling. But she has now pulled back from that.<\/p>\n

CALLER: Yeah.<\/p>\n

RUSH: She has denied that, and the Democrats, they\u2019re in the process of losing this debate. However, they have a phrase that they have used successfully over the years in discussing this. That phrase is ‘Big Oil.\u2019 This is not about Big Oil. It\u2019s about drilling for more energy. It\u2019s about finding more energy to be independent and all of this sort of stuff, to add to the supply. You know the drill. <\/p>\n

CALLER: Right.<\/p>\n

RUSH: The Democrats are saying, ‘No, no. This is not about the Republicans trying to enrich Big Oil and put more money in the back pockets of Big Oil,\u2019 and Pelosi is saying, ‘When you\u2019ve got two oilmen in the White House for eight years, that\u2019s how you get $4-a-gallon gasoline.\u2019 She actually said that: two oilmen in the White House for eight years equals $4-a-gallon gasoline. So they\u2019re playing the class envy game. They\u2019re going to keep focusing Big Oil this, Big Oil that, and saying that this is nothing but a trick to enrich the oil companies. I\u2019m running out of time this segment to deal with this, but it\u2019s just specious. So she\u2019s not going to allow any legislation. This is why it remains a huge winning issue for us — and what do we do? We make Gang of Ten-type deals.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: We actually have the audio of the things I described for you yesterday, Rex Tillerson of ExxonMobil talking to Charlie Gibson. This first bite is Tillerson on how much the oil companies pay in taxes.<\/p>\n

TILLERSON: Everything we do, the numbers are very large. I saw someone [Barack Obama] characterize our profits the other day in terms of ‘$1,400 in profit per second.\u2019 Well, they also need to understand we paid $4,000 a second in taxes, and we spent $15,000 a second in cost. We spend $1 billion a day just running our business. So this is a business where large numbers are just characteristic of it.<\/p>\n

GIBSON: When profits are so high, why is spending on exploration so low?<\/p>\n

TILLERSON: Well, we\u2019re spending at record levels. Through the first half of this year, we have spent $12.5 billion. That\u2019s a record level of capital and exploration expenditures for us.<\/p>\n

RUSH: Did you hear that question that Charlie Gibson asked? ‘When profits are so high, why is spending on exploration so low?\u2019 Uh, Charlie? Would you tell me where in the name of Sam Hill they are allowed to explore in this country? They are exploring everywhere but here! You know, folks, there is so much absurdity out there. It\u2019s like, have you seen this story on what they have found in the Sahara Desert? Listen to this. The Sahara Desert, it\u2019s a desert. For those of you in Rio Linda, it means it\u2019s miles and miles and miles of dry, parched sand. You will die there in two days, unless you run into an oasis. ‘A tiny woman and two children were laid to rest on a bed of flowers 5,000 years ago in what is now the barren Sahara Desert. <\/p>\n

‘The slender arms of the youngsters were still extended to the woman in perpetual embrace when researchers discovered their skeletons in a remarkable cemetery that is providing clues to two civilizations who lived there, a thousand years apart, when the region was moist and green. Paul Sereno of the University of Chicago and colleagues were searching for the remains of dinosaurs in the African country of Niger when they came across the startling find, detailed at a news conference Thursday at the National Geographic Society. ‘Part of discovery is finding things that you least expect,\u2019 he said. ‘When you come across something like that in the middle of the desert it sends a tingle down your spine.\u2019 Some 200 graves of humans were found during fieldwork… ‘Everywhere you turned, there were bones belonging to animals that don\u2019t live in the desert,\u2019 said Sereno. <\/p>\n

”I realized we were in the green Sahara.” Five thousand years ago. Now, it almost sounds foolish to me to have to ask the question, but if the Sahara Desert was once fertile, green, and lush — people and animals lived and thrived there, which means plenty of food was also available there — and 5,000 years later it\u2019s now a barren desert, and there were no automobiles, there were no lightbulbs, there were no fossil fuels, there were no automobiles, there was nothing! There was no industrialization. There were no coal-fired power plants. There was zilch, zero, in terms of ‘carbon footprint.\u2019 So somebody explain to me how the hell a lush, dense, green area 5,000 years ago becomes a barren desert? Now, it\u2019s patently obvious that the climate of this planet goes at its own pace, and its own time.<\/p>\n

It does what it wants to do when it wants to do it and we have diddly-squat to do about it, and these poor saps that lived in that region had no more ability to stop the warming back then that was going to turn the place into a desert than we have the ability to stop it now because we\u2019re not causing it. We cannot! Stories like this just make the whole global warming story patently absurd! Just absurd. It makes me wonder why you have to spend any time on it all discussing it. The same thing here with this Russian and other situations, the oil situation. I have said the most expensive commodity in this country is ignorance, and it\u2019s on display, and it\u2019s costing us. It\u2019s going to cost us some of our freedom if it doesn\u2019t stop. It\u2019s going to cost us lots of money. So here\u2019s poor old Rex Tillerson — and it was Obama, by the way, that said ‘$1,400 a second in profits.\u2019 <\/p>\n

But $15,000 a second in costs, $4,000 a second in taxes, While Pelosi and other irresponsible, shameful members of her party demonize people like Rex Tillerson and the oil companies, what is the federal government doing? They are the biggest thief on this planet. They\u2019re the ones without doing diddly-squat get $4,000 a second in taxes off of the hard work of Rex Tillerson and his boys and ExxonMobil and all the other oil companies combined. The government gets the biggest damn take of everybody\u2019s output and labor in this country! They do. And those people that get elected and run the place then have to turn around and tar and feather the producers and the movers and the shakers and the people that make this country work, demonize them as thieves and criminals when the thieves are in Washington, DC. And they can never get enough. <\/p>\n

They\u2019re going to get close to $3 trillion produced by you and me and Rex Tillerson and his boys, and it\u2019s not enough. They\u2019re going to come back for even more. The whole point of this stupid, worthless, totally fraudulent hoax, global warming is about getting more money and denying you freedom. And making you feel guilty so that you\u2019ll pay it, gladly. It\u2019s so obvious. And yet all they\u2019ve gotta do is say, ‘Big Oil! Big Oil!\u2019 Obama actually said — this is how stupid he is; there\u2019s not another word for this — ‘Every time you fill your tank, Big Oil fills its coffers.\u2019 Well, hell, yes! You\u2019re buying their product, for crying out loud! Where\u2019s it going to go? <\/p>\n

You fill your tank with gasoline, who\u2019s going to get the money? I would think. ‘Every time you fill your tank, Big Oil fills its coffers.\u2019 Every time you fill your stomach, Big Food fills its coffers! Every time you buy a surfboard for your vacation in Hawaii, Big Surfboard fills its coffers! How stupid is this? I really worry about the state of my IQ if I have to keep trying to teach and train people about this stuff, because I\u2019m going to lose patience with it. There\u2019s more Rex Tillerson. Charlie Gibson said, ‘Former senators had the temerity to say the other day Americans are whining. Are they whining? Or do you really — can you, from where you are, feel their pain?\u2019<\/p>\n

TILLERSON: No, I don\u2019t think it\u2019s whining, Charlie, because I don\u2019t think there\u2019s any question that if these prices — $3.50, $4 a gallon for gasoline — and the follow-through effects on the cost of electricity, that this is causing a lot of problems for a lot of Americans, again, who their budgets just are very difficult for them to accommodate this. And they don\u2019t have other options. Much of the world, certainly here in Texas where you\u2019re visiting, we do not have large mass transportation systems. And so people don\u2019t have a lot of other options than to get in their car and have to drive to get about their daily requirements.<\/p>\n

RUSH: So then Charlie Gibson says, ‘[C]ome back to Sen. Obama. He\u2019s calling for a windfall profits tax, $65 billion, five years. Oil companies, in his plan, pay it. And when the public sees the kind of profits that the oil companies are making, and ExxonMobil in particular, and when they see the size of the stock buybacks, isn\u2019t it fair that they wonder why not?\u2019<\/p>\n

TILLERSON: Well, I guess the question is what\u2019s that going to solve? … Nowhere in a windfall profits tax do I see anything that addresses the problem. I understand that may be popular with some people because of how they view our current-day profitability. … But, again, Charlie, I think the question is are we going to have a serious debate about solving the long-term energy problem, or are we just going to look for short-term solutions again to make everybody feel better?<\/p>\n

RUSH: That\u2019s what we\u2019re going to have as long as the Democrats and the Drive-By Media control the debate. That\u2019s exactly what it\u2019s going to be: Solutions that solve nothing. In fact, no solutions, just a bunch of stupid rhetoric appealing to the lowest common denominator of common sense and intelligence in this country. ‘Yeah, make Big Oil suffer! Make \u2019em suffer!\u2019 Why doesn\u2019t anybody ever say, ‘Make government suffer\u2019? Why? How come it is that the one element that always botches what it attempts…? It tries to fix poverty? It makes it worse. It tries to fix racism, discrimination; it busts up the black family and destroys it. It tries to run the Post Office, and it\u2019s a billion dollars in debt. Everything it does! People say, ‘Let\u2019s let the government fix health care,\u2019 you name it. Yet whatever it is that they do, they screw up, and people still are willing to turn to them to fix what they broke in the first place. <\/p>\n

I intellectually understand it. Fifty years of this kind of class envy rhetoric from FDR on — maybe 60 years by now, close to it — all this the government is benevolent, the government\u2019s here to help you and so forth. By the way, I don\u2019t have any animosity. I don\u2019t hate the institution of government. It\u2019s just way too big. It\u2019s way out of hand. It\u2019s being run by too many charlatans and phony plastic banana, good-time rock ‘n\u2019 roller leftists who have a view of government that\u2019s far different than most of us who want it limited, out of the way. There certain responsibilities that it compels at and does very well and get out of our way. Leave us alone. The other side wants this government involved in every step of your life they can \u2019cause they don\u2019t trust you to live your life right without them. <\/p>\n

Some people have just bought hook, line, and sinker into the class envy argument, and they\u2019ll tell you they know that a tax increase on the rich isn\u2019t going to help \u2019em, but it\u2019s going to make \u2019em feel better. ‘Yeah, find out what those people feel like when they suffer!\u2019 Well, the point is, you raise taxes on the people that hire people and fewer people are going to get hired. So the intended beneficiary (which is nuts to say anyway) of tax increases on the rich are the very people that get hurt by losing their jobs. And I\u2019ll tell you what, a windfall profits tax, we\u2019ve done it. Jimmy Carter did it. All that happened was the supply dropped because Big Oil stopped doing business in America and their profits were down, so there were fewer profits to pay windfall tax on in the first place! A windfall profits tax does not punish Big Oil; it punishes end users. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: I guess this is one of these days I just feel like I need to get things off my chest. I sometimes get just so frustrated with the stupidity of the things I talk about. Not the stupidity of the things I say, because I don\u2019t say stupid things. The stupidity of having to talk about some of these things like oil companies as a villain, like global warming as something that\u2019s actually happening. It\u2019s frightening. Last night I was out to dinner, and just to show you the power of the Drive-By Media, the subject of the automobile companies came up, and one of my dinner partners started ripping into General Motors. <\/p>\n

He said, ‘Yeah, well, look at what\u2019s happening to General Motors. Toyota is running rings around them. General Motors, they deserve what\u2019s happening. They haven\u2019t built cars anybody wants.\u2019 <\/p>\n

I said, ‘What are you talking about? What do you mean they don\u2019t build cars that people want? Who\u2019s telling you this, the Drive-By Media?\u2019<\/p>\n

‘Yeah! They\u2019re not making enough fuel-efficient cars, and they\u2019re just selling these big SUVs and Hummers.\u2019<\/p>\n

That\u2019s not true. It simply isn\u2019t true. But all this anti-corporate mentality in this country aimed at American corporations… You know, I\u2019m just proud to be an American. I love the fact that God made me an American, and I don\u2019t understand anybody who doesn\u2019t appreciate it. I have a tough time — I don\u2019t mean blanket approval, blind patriotism, but I don\u2019t understand the people who want to criticize this country and the people who have made it great enemies. We seem to be on this big anti-capitalist push right now, and it\u2019s being led by absolute idiots, people with no brains who have sponged up a bunch of drivel and bilge from America\u2019s leftists, because their lives are meaningless. They don\u2019t amount to anything in their own minds, sitting there trying to give themselves some reason to say their lives count, and so they buy into global warming. They buy into the fact that Big Oil is rotten. They buy into the fact have General Motors is rotten. General Motors, folks, has more models that get 30-miles-to-the-gallon or better on the highway than any other manufacturer. They do. They make all kinds of cars. Their fleet mileage standards are fine. I just get as frustrated as I can be, because all this criticism is mindless. It\u2019s like the criticism we got earlier today from the guy from LA who didn\u2019t want to sound like a commie lib, but it took him three sentences to pull it off, blaming us for Russia going into Georgia, blaming us for triggering the whole thing, blaming us because Blackwater might have been there training Georgian soldiers, as though everything that we do is evil. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Bill in Reading, Pennsylvania, you\u2019re up next. Open Line Friday. Hello. CALLER: Rush, hello, thanks for all that you do. I want to go back to the oil drilling legislation, and I have two points with regard to that. 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