Oil Spill really is Sarah Palins fault! Her finger pointing is just an attempt to deflect blame!

[cags]

Sarah Palin's oily finger points back at herself - Why BP decided to drill offshore


Sarah Palin said in her Facebook note 'Extreme Enviros: Drill, Baby, Drill in ANWR - Now Do You Get It?'

''Extreme deep water drilling is not the preferred choice to meet our country's energy needs, but your protests and lawsuits and lies about onshore and shallow water drilling have locked up safer areas.

If "extreme environmentalists" were not successful in prohibiting land based oil drilling in the United States, then companies like BP would not have to resort to looking for oil in the deep oceans. "


These are excerpts from an article on the Seattle Times, dated August 10, 2008:


"Republicans in Congress this June united to defeat a proposed windfall tax on oil companies, deriding it as a bad idea that would discourage investment in U.S. oil exploration.

Things worked out far differently in the GOP stronghold of Alaska, a state whose economic fate is closely tied to the oil industry.

Over the opposition of oil companies, Republican Gov. Sarah Palin and Alaska's Legislature last year approved a major increase in taxes on the oil industry — a step that has generated stunning new wealth for the state as oil prices soared.

The Alaska tax is imposed on the net profit earned on each barrel of oil pumped from state-owned land, after deducting costs for production and transportation, which are currently estimated at just under $25 a barrel.

The tax is set at its highest rate in Prudhoe Bay, where the state takes 25 percent of the net profit of a barrel when its price is at or below $52.

The percentage then escalates as oil prices rise over that benchmark. Alaska gets about $49 of a $120 barrel, not counting other fees.

ConocoPhillips said that in total, once royalty payments and other taxes are added in, the state captures about 75 percent of the value of a barrel.

BP Alaska, which runs Prudhoe Bay, said earlier this year that it had delayed the development in the western region of the North Slope as a result of the tax. ConocoPhillips cited the same reason for scrapping a $300 million refinery project.

"What the tax has done is take away all the upside," said Doug Suttles, president of BP Alaska. The U.K.-based oil company paid more than $500 million in taxes to Alaska last quarter — far more than it earned in profits from Alaskan oil, according to Suttles.

Investment dollars are flowing instead to places that have a better return, like the massive deep-water projects offshore in the U.S. Gulf of Mexico, where ConocoPhillips said the government take equals less than 50 percent of the barrel."

It's clear that BP didn't go to the Gulf of Mexico because the "extreme enviros" locked up the land with their protests and lawsuits.

www.palingates.blogspot.com




Sarah's new slogan should be Tax, Baby, Tax!

[texastoast]

1. Fuck off, Palin bitch

You are a complete idiot.

Ha! Had you LISTENED to the REASONABLE environmentalists (most of them), you would realize that the STINKING oil companies need to be regulated. Pretty damned de facto now, isn't it, you stupid bitch.

Small government bitch. Fuck you.

Somebody post that for me on FB (with smileys if you can).

:grr: :grr: :grr: :grr:

[James48]

4. +10

[liberal N proud]

2. It points out that she is nothing but an opportunistic monster

ready to jump at any chance she can to open her big trap and make a buck off of it.

STFU Palin.

[L. Coyote]

3. Palin did not give permission and rights to drill. Take the time to figure out who did.

And, check out how much they paid for the rights.