Not every oil sponsored politician is doing his fair share of talking to the walls. “Republicans will not rest until we have an honest, up-or-down vote on the American Energy Act,” John Boehner (R-OH) wrote in a memo to his colleagues. “To that end, we request that you contact the Whip’s Office and indicate any time you may have available to come to Capitol in the coming weeks." Mr. Boehner, House Minority Leader, was around for a fake House session last Friday, but hasn't been seen on Capitol Hill since. Newt Gingrich had to fill in for him. What is the patriotic Mr. Boehner up to you ask? Eighteen holes of golf, of course. That's him showing off his form at Wetherington Golf & Country Club in West Chester, Ohio where he shot an 85. He also showed up at Muirfield Village Golf Club in Dublin, Ohio for a tournament. The Muirfield course was designed by the 'Golden Bear' Jack Nicklaus, don't you know. I wonder if his golf cart is gasoline powered?
Thursday, August 07, 2008
Boehner Makes a Boner
Some dead enders in Congress are forgoing their summer recess to stage political theatre in the District of Cleptocracy. They have vowed to 'fight on' until the Democratic convention in Denver begins on August 25th to give the oil companies what they want: control of more sea bed on the Outer Continental Shelf. Oil companies want more leases whether they drill them or not, because owning leases gives them a competitive advantage. The more leases a company controls, the greater the chances another concern will pay for exploration rights. Think of the OCS as a vast chess board with each square an OCS lease. A company can make money by selling their leasehold interests without spending a dime in exploration or development costs--both expensive propositions.