U.S. Rep. Ron Paul | oil |
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State Of The Republic
28 January 1998 1998 Ron Paul 2:8
Protecting personal liberties in any society is always more difficult during war. The uniformity of opinion in Congress is enshrined with the common cliches that no one thinks through, like foreign policy is bipartisan; only the President can formulate foreign policy; we must support the troops and, therefore, of course, the war, which is usually illegal and unwise but cannot be challenged; we are the only world’s superpower; we must protect our interests like oil. However, it is never admitted, although most know, our policy is designed to promote the military industrial complex and world government.
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State Of The Republic
28 January 1998 1998 Ron Paul 2:19
But there is reason to believe the hidden agenda of our foreign policy is less hidden than it had been in the past. In referring to the United States in the international oil company success in the Caspian Sea, a Houston newspaper recently proclaimed, “U.S. views pipelines as a big foreign policy victory.”
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State Of The Republic
28 January 1998 1998 Ron Paul 2:20
This referred to the success of major deals made by giant oil companies to build pipelines to carry oil out of the Caspian Sea while also delivering a strong message that, for these projects to be successful and further enhance foreign policy, it will require government subsidies to help pay the bill. Market development of the pipelines would be cheaper but would not satisfy our international government planners.
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State Of The Republic
28 January 1998 1998 Ron Paul 2:27
In the Middle East, even with all our announced intentions and military effort to protect Kuwait, our credibility is questioned as most Arabs still see us as pro-Israel, anti-Arab, and motivated by power, oil and money.
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State Of The Republic
28 January 1998 1998 Ron Paul 2:31
Our policy in the Middle East is totally schizophrenic and driven by Arab oil, weapon sales, and Israel. This is especially dangerous because the history of the West’s intrusion into the Middle East for a thousand years in establishing the artificial borders that exist today has created a mindset among Islamic fundamentalists that guarantees that friction will persist in this region no matter how many Husseins or Ayatollahs we kill. That would only make things worse for us.
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Three Important Issues For America
11 February 1998 1998 Ron Paul 7:36
He said that since the war, Turkey has suffered economic losses of some $35 billion stemming from the invigorated Kurdish uprising on the Iraqi border and the shutting down of the border trade, including the Iraqi oil exports through Turkey. They used to have trade; now they do not.
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Three Important Issues For America
11 February 1998 1998 Ron Paul 7:64
So we do not apply the rules to all the countries the same, and we get narrowed in on one item and we get distracted from many of the facts that I think are so important. Some people believe that it is conceivable that the oil is even very important in this issue as well.
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Three Important Issues For America
11 February 1998 1998 Ron Paul 7:65
We obviously knew the oil was important in the Persian Gulf War because it was said that we were going over there to protect our oil. Of course, it was Iraqi oil but some people believe sincerely that keeping this Iraqi oil off the market helps keep the prices higher and they do not need that to happen.
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Three Important Issues For America
11 February 1998 1998 Ron Paul 7:66
As a matter of fact, it was in the Wall Street Journal today that that was further suggested. It said: Equally important the U.S. must terminate illegal oil exports from the Iraqi port of Basra.
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Three Important Issues For America
11 February 1998 1998 Ron Paul 7:67
There, submerged barges depart daily for Iran, which sells the oil and, after a hefty rake-off, returns the proceeds to fund Saddam. So there are sales and there might be people that are looking at this mainly as a financial thing dealing with oil.
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Three Important Issues For America
11 February 1998 1998 Ron Paul 7:97
I wonder if they are talking about when he invaded Iran with our encouragement and our money and our support. Is that what they are talking about? Or are they talking about the other invasion that we did not like because it was a threat to western oil? I think that might be the case.
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Three Important Issues For America
11 February 1998 1998 Ron Paul 7:112
But none of this could happen. We could never move in this direction unless we asked a simple question: What really is the role of our government? Is the role of our government to perpetuate a welfare-warfare state to take care of the large special interests who benefit from this by building weapons and buying and selling oil? No, the purpose cannot be that.
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The Folly Of Foreign Intervention — Part 3
25 February 1998 1998 Ron Paul 18:9
I would like to go ahead and close with a brief summary of what we have been trying to do here today. It was mentioned earlier, and I want to reemphasize it, something that has not been talked about a whole lot over this issue, has been the issue of oil. It is oil interests, money involved.
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The Folly Of Foreign Intervention — Part 3
25 February 1998 1998 Ron Paul 18:10
As I stated earlier, we were allies with Hussein when we encouraged him to cross the border into Iran, and yet, at the same time, the taking over of the Kuwait oil fields was something that we could not stand, even though there has not been a full debate over that argument. We have heard only the one side of that, who drew the lines and for what reason the lines were drawn there and whose oil was being drilled. There is a major debate there that should be fully aired before we say that it is the fault of only one.
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The Folly Of Foreign Intervention — Part 3
25 February 1998 1998 Ron Paul 18:11
But it is not so much that it was the crossing of borders. I do believe that oil interests and the huge very, very important oil fields of Iraq and what it might mean to the price of oil if they came on has a whole lot to do with this.
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The Folly Of Foreign Intervention — Part 3
25 February 1998 1998 Ron Paul 18:12
We did not worry about the Hutus and the Tutus in Africa. A lot of killing was going on there; 1 million people were being killed. Where was our compassion? Where was our compassion in the killing fields of Cambodia? We did not express the same compassion that we seem to express as soon as oil is involved.
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Removing U.S. Armed Forces From Bosnia And Herzegovina
17 March 1998 1998 Ron Paul 26:7
So, under certain circumstances where there is political pressure made by certain allies or by interests of oil, then we are likely to get involved. But the principle of a noninterventionism foreign policy should make certain that we, the Congress, never condone, never endorse, never promote the placement of troops around the world in harm’s way because it is a good way for men to get killed and, for most purposes, the lives of our American soldiers are too valuable to be put into a situation where there is so much harm and danger.
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Iraq — Part 1
5 October 1998 1998 Ron Paul 107:15
As my colleagues know, at the end of this bill I think we get a hint as to why we do not go to Rwanda for humanitarian reasons. Now there is some atrocities. Why do we not clean that mess up? Because I believe very sincerely that there is another element tied into this, and I think it has something to do with money, and I think it has something to do with oil. The oil interests need the oil in Iraq, and he does not, Saddam Hussein does not, comply with the people of the west. So he has to go.
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Iraq — Part 3
5 October 1998 1998 Ron Paul 109:3
There is some merit to that argument, but there is also a very good reason why that does not happen and will not happen. It is because when we fight a war for non-national security reasons, when it is limited to protecting oil or some other interest, then there is a limitation, there is no wanting to expand it.
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Resolution On Saddam Hussein
17 December 1998 1998 Ron Paul 124:3
Saddam Hussein is not threatening our national security. This is a concocted scheme to pursue bombing for oil interests and other reasons, but it has nothing to do with national security.
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Crisis in Kosovo
14 April 1999 1999 Ron Paul 25:8
Most people know why we went to the Persian Gulf. It was not because we were attacked. It was because of a financial commercial interest: oil. But what is the interest in this area in Yugoslavia? I am not sure exactly what it is. There has been a lot of postulations about this, but I am not convinced that it is all of a sudden the concern for the refugees.
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U.S. Foreign Policy and NATO’s Involvement in Yugoslavia and Kosovo
21 April 1999 1999 Ron Paul 29:21
The United States, along with the United Nations, in 1992 supported an arms embargo against Kosovo essentially making it impossible for the Kosovars to defend themselves against Serbia. Helping the Albanian Muslims is interpreted by some as token appeasement to the Arab oil countries unhappy with the advantage the Serbs got from the arms embargo.
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U.S. Foreign Policy and NATO’s Involvement in Yugoslavia and Kosovo
21 April 1999 1999 Ron Paul 29:48
Many who were opposed to the Persian Gulf and Vietnam Wars are now strongly supporting this so-called just and humanitarian war to punish those who are said to be totally responsible for the Yugoslavian refugee problem. The fact that Serbia is not Communist in the sense of North Vietnam may play a part for some in making the decision to support this war but not the war in Vietnam. But the Persian Gulf War was not at all about communism, it was about oil.
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Introduction of H.R. 1789
18 May 1999 1999 Ron Paul 49:5
One function of the Sherman Act was to divert public attention from the certain source of monopoly — Government’s grant of exclusive privilege. But, as George Reisman, Professor of Economics at Pepperdine University’s Graziadio School of Business and Management in Los Angeles, explains “everyone, it seems, took for granted the prevailing belief that the essential feature of monopoly is that a given product or service is provided by just one supplier. On this view of things, Microsoft, like Alcoa and Standard Oil before it, belongs in the same category as the old British East India Company or such more recent instances of companies with exclusive government franchises as the local gas or electric company or the U.S. Postal Service with respect to the delivery of first class mail. What all of these cases have in common, and which is considered essential to the existence of monopoly, according to the prevailing view, is that they all represent instances in which there is only one seller. By the same token, what is not considered essential, according to the prevailing view of monopoly, is whether the sellers position depends on the initiation of physical force or, to the contrary, is achieved as the result of freedom of competition and the choice of the market.”
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Introduction of H.R. 1789
18 May 1999 1999 Ron Paul 49:6
Microsoft, Alcoa,and Standard Oil represent cases of a sole supplier, or at least come close to such a case. However, totally unlike the cases of exclusive government franchises, their position in the market is not (or was not) the result of the initiation of physical force but rather the result of their successful free competition. That is, they became sole suppliers by virtue of being able to produce products profitably at prices too low for other suppliers to remain in or enter the market, or to produce products whose performance and quality others simply could not match.
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Introduction of H.R. 1789
18 May 1999 1999 Ron Paul 49:7
Even proponents of antitrust prosecution acknowledge this. In the Standard Oil case, the U.S. Supreme Court declared in its 1911 decision breaking up the company: “Much has been said in favor of the objects of the Standard Oil Trust, and what it has accomplished. It may be true that it has improved the quality and cheapened the costs of petroleum and its products to the consumer.”
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A Positive Spin On An Ugly War
7 June 1999 1999 Ron Paul 54:7
Number six, NATO’s war against Yugoslovia has made it clearly apparent that world leaders place relative value on human life. This is valuable information that should be helped to restore U.S. national sovereignty. According to NATO’s policy, the lives of the Kosovars are of greater value than the Serbs, Rwandans, Kurds, Tibetans, or East Timorans. Likewise, oil and European markets command more bloodshed in support of powerful financial interests than the suffering of millions in Asia and Africa. This knowledge of NATO’s hypocrisy should some day lead to a fair and more peaceful world.
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A Republic, If You Can Keep It
31 January 2000 2000 Ron Paul 2:86
In addition to the military wars, liberty has also suffered from the domestic wars on poverty, literacy, drugs, homelessness privacy and many others. We have in the last 100 years gone from the accepted and cherished notion of a sovereign Nation to one of a globalist new world order. As we once had three separate branches of our government, the United Nations proudly uses its three branches, the World Bank, the IMF and the World Trade Organization to work their will in this new era of globalism. Because the U.S. is by far the strongest military industrial power, it can dictate the terms of these international institutions, protecting what we see as our various interests such as oil, along with satisfying our military industrial complex. Our commercial interests and foreign policy are no longer separate. This allows for subsidized profits while the taxpayers are forced to protect huge corporations against any losses from overseas investments. The argument that we go about the world out of humanitarian concerns for those suffering, which was the excuse for bombing Serbia, is a farce. As bad as it is that average Americans are forced to subsidize such a system, we additionally are placed in greater danger because of our arrogant policy of bombing nations that do not submit to our wishes. This generates the hatred directed toward America, even if at times it seems suppressed, and exposes us to a greater threat of terrorism since this is the only vehicle our victims can use to retaliate against a powerful military state.
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2000 EMERGENCY SUPPLEMENTAL APPROPRIATIONS ACT
March 29, 2000 2000 Ron Paul 21:14
What about the oil companies who support this war; which several oil companies do? Yes, they want investment security, so they want the military industrial complex to come down there and protect their oil interests. The oil interests are very supportive of this war, as well as the helicopter companies.
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2000 EMERGENCY SUPPLEMENTAL APPROPRIATIONS ACT
March 29, 2000 2000 Ron Paul 21:18
The war on drugs, by trying to reduce interdiction does not work. It has not worked. It is not going to work. It is only an excuse. It is an excuse for promoting military intervention in Colombia to satisfy those who are anxious to drill for oil there and for the military industrial complex to sell weapons.
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Fiscal 2000 Supplemental Appropriations/DEA Funding Cuts Amendment
30 March 2000 2000 Ron Paul 23:4
Why continue a war that does not work? This is money down a rat hole. This is totally wasted money and, as far as I am concerned, only an excuse to sell helicopters and go in to Colombia and protect oil interests. That is the real reason why we are down there.
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The Dollar And Our Current Account Deficit
May 16, 2000 2000 Ron Paul 37:11
* Since cartels never work, OPEC does not deserve credit for getting oil prices above $30 per barrel. Demand for equivalent purchasing power for the sale of oil, can. Recent commodity and wage price increases signal accelerating price inflation is at hand. We are witnessing the early stages in a sea change regarding the dollar, inflation, the stock market as well as commodity prices.
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Minding Our Own Business Regarding Colombia Is In The Best Interest Of America
September 6, 2000 2000 Ron Paul 69:1
Mr. Speaker, those of us who warned of the shortcomings of expanding our military presence in Colombia were ignored when funds were appropriated for this purpose earlier this year. We argued at that time that clearly no national security interests were involved; that the Civil War was more than 30 years old, complex with three factions fighting, and no assurance as to who the good guys were; that the drug war was a subterfuge, only an excuse, not a reason, to needlessly expand our involvement in Colombia; and that special interests were really driving our policy: Colombia Oil Reserves owned by American interests, American weapons manufacturers, and American corporations anxious to build infrastructure in Colombia.
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ECONOMIC PROBLEMS AHEAD
November 13, 2000 2000 Ron Paul 93:9
* Rising interest rates in the high yield bond market is giving us an indication that a serious problem is just around the bend. Commercial debt was but $50 billion in 1994 and is now ten times higher now at $551 billion. The money supply is now growing at greater than a 10% rate and the derivatives market, although difficult to calculate, probably exceeds $75 trillion. We also have consumer debt, which is at record highs and has not yet shown signs of slowing. The Dow Jones Industrial Average stocks are now 5 times book value, the highest in over a hundred years. There will come a day when most people come to realize the fraud associated with Social Security and the inability for it to continue as currently managed. Rising oil and natural gas prices, it is argued, are not inflationary, yet they are playing havoc with the pocketbooks of most Americans. The economies of Asia, and in particular Japan, will not offer any assistance in dealing with the approaching storm in this country. Our foreign policy, which continues to obligate our support around the world, shows no signs of changing and will contribute to the crisis and possibly our bankruptcy.
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OUR FOOLISH WAR IN THE MIDDLE EAST
November 15, 2000 2000 Ron Paul 95:1
* The West has been at war with the Muslim world for over a thousand years. In this century, the British led the charge prior to World War II. Since that time it has been the United States. Although the British remain close allies of ours in intimidating the Muslim world, it is the military strength of the United States that assumes the burden of responsibility for the policy. It is justified by claiming a right and need to protect “our” oil.
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OUR FOOLISH WAR IN THE MIDDLE EAST
November 15, 2000 2000 Ron Paul 95:4
* It is clear that we are not in the Middle East for national security reasons but instead to protect powerful commercial interests. This assures we protect oil supplies for the West, and provides us with an excuse to keep the military industrial complex active.
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OUR FOOLISH WAR IN THE MIDDLE EAST
November 15, 2000 2000 Ron Paul 95:5
* To put this in a proper perspective, consider how Americans, or especially Texans, would feel if the Gulf of Mexico were patrolled and protected by warships of a foreign power, say the Russians. What would we then think if that same power patrolling the Gulf built air bases in Texas and Florida with our government=s complicity with the argument that this was necessary to protect “their” oil and with our government’s complicity? This would anger many Americans and this anger would be directed to both the foreign occupiers of our territorial waters and our own government that permitted it. Yet this is exactly what has been happening in the Persian Gulf region. For religious, historic and sovereignty reasons, the Muslim people harbor great resentment toward us.
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OUR FOOLISH WAR IN THE MIDDLE EAST
November 15, 2000 2000 Ron Paul 95:9
* Our policy in the Middle East cannot possibly be successful. It’s obvious there will be an inevitable conflict between our support for the moderate Arabs- which antagonizes the Islamic fundamentalists of this region- and our special treatment for Israel. It is clear that the powerful financial interests of this country want to use our military force to protect their commercial and oil interests in this region, while there will always remain powerful U.S. political support for the State of Israel. The two sides never will be reconciled by our attempt to balance our support by giving help to both sides. This is exactly opposite of being neutral and friends with both sides. The one reason why this confrontation is going to continue is that 75% of known oil reserves are now owned by Muslims around the world.
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OUR FOOLISH WAR IN THE MIDDLE EAST
November 15, 2000 2000 Ron Paul 95:11
* As the world becomes less stable due to currency, trade and other economic reasons, this region will become even more volatile. We should expect higher oil prices. Hatred toward America will continue to escalate, and United States security will continue to be diminished due to the threat of terrorist attacks. All the anti-ballistic missiles in the world will not be able to protect us against attacks such as the Cole suffered or from the nuclear and biological weapons that can be brought into this country in a suitcase.
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OUR FOOLISH WAR IN THE MIDDLE EAST
November 15, 2000 2000 Ron Paul 95:14
* Our many failures in the last fifty years should prompt us to reassess our entire foreign policy of interventionism. The notion that since we are the only superpower left we have an obligation to tell everybody else how to live should come an end. Our failure in Korea, Vietnam, Somalia, and the Middle East, and our failure yet come to in Bosnia and Kosovo should alert all Americans to this great danger. But no, we instead continue to expand our intervention by further involving ourselves in yet another sovereign nation. This time it’s Columbia. By sending more weapons into the region we continue to stir up this 30-year civil conflict. And just recently this conflict has spilled over into Venezuela, a major force in South America due to its oil reserves. The Foreign Minister of Venezuela, angered by U.S. actions, recently warned that “any ship or boat which enters the Gulf of Venezuela, of whatever nationality it may be, will be expelled.” Our intervention in many of these regions, and especially in South America, has been done in the name of the drug war. But the truth is it’s serving the interests of the companies who own the oil rights in this region, as well as those who produce the weapons that get sent into these regions.
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ECONOMIC UPDATE
December 4, 2000 2000 Ron Paul 97:28
* Congress definitely should be concerned about these matters. Budgetary planning will get more difficult as the revenues spiral downward and spending does the opposite. Interest on the national debt will continue and will rise as interest rates rise. The weak dollar, lower stock markets and inflation can affect every fixed income citizen, especially the Social Security beneficiaries. We can expect the World Trade Organization=s managed trade war will actually get much worse under these conditions. Military conflict is not out of the question under the precarious conditions that are developing. Oil supplies are obviously not secure, as we have already seen the run up of prices to dangerously high levels.
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CHALLENGE TO AMERICA: A CURRENT ASSESSMENT OF OUR REPUBLIC —
February 07, 2001 2001 Ron Paul 7:63
A similar effort continues today, with central banks selling and loaning gold to keep the price in check. It’s working and does convey false confidence, but it can’t last. Most Americans are wise to the government’s statistics regarding prices and the “no-inflation” rhetoric. Everyone is aware that the prices of oil, gasoline, natural gas, medical care, repairs, houses, and entertainment have all been rapidly rising. The artificially low gold price has aided the government’s charade, but it has also allowed a bigger bubble to develop. This policy cannot continue. Economic law dictates a correction that most Americans will find distasteful and painful. Duration and severity of the liquidation phase of the business cycle can be limited by proper responses, but it cannot be avoided and could be made worse if the wrong course is chosen.
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CHALLENGE TO AMERICA: A CURRENT ASSESSMENT OF OUR REPUBLIC —
February 07, 2001 2001 Ron Paul 7:67
When the people are forced to think only about rising prices, government-doctored price indexes can dampen concerns for inflation. Blame then can be laid at the doorstep of corporate profiteers, price gougers, labor unions, oil sheikhs, or greedy doctors. But it is never placed at the feet of highly paid athletes or entertainers. It would be economically incorrect to do so, but it’s political correctness that doesn’t allow some groups to be vilified.
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CHALLENGE TO AMERICA: A CURRENT ASSESSMENT OF OUR REPUBLIC —
February 07, 2001 2001 Ron Paul 7:81
National security is usually cited to justify our foreign involvement, but this excuse distracts from the real reason we venture so far from home. Influential commercial interests dictate policy of when and where we go. Persian Gulf oil obviously got more attention than genocide in Rwanda. If one were truly concerned about our security and enhancing peace, one would always opt for a less militarist policy. It’s not a coincidence that US territory and US citizens are the most vulnerable in the world to terrorist attacks. Escalation of the war on terrorism and not understanding its cause is a dangerous temptation.
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CHALLENGE TO AMERICA: A CURRENT ASSESSMENT OF OUR REPUBLIC —
February 07, 2001 2001 Ron Paul 7:83
Many reasons given for our willingness to police the world sound reasonable: We need to protect our oil. We need to stop cocaine production in Colombia. We need to bring peace to the Middle East. We need to punish our adversaries. We must respond because we are the sole superpower and it’s our responsibility to maintain world order. It’s our moral obligation to settle disputes. We must follow up on our dollar diplomacy after sending foreign aid throughout the world. In the old days it was: we need to stop the spread of Communism. The excuses are endless!
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CHALLENGE TO AMERICA: A CURRENT ASSESSMENT OF OUR REPUBLIC —
February 07, 2001 2001 Ron Paul 7:84
But it’s rarely mentioned that the lobbyists and proponents of foreign intervention are the weapons manufacturers, the oil companies, and the recipients of huge contracts for building infrastructures in whatever far corner of the earth we send our troops. Financial interests have a lot at stake, and it’s important for them that the United States maintains its empire. Not infrequently, ethnic groups will influence foreign policy for reasons other than preserving our security. This type of political pressure can at times be substantial and emotional.
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CHALLENGE TO AMERICA: A CURRENT ASSESSMENT OF OUR REPUBLIC —
February 07, 2001 2001 Ron Paul 7:98
The two areas in the world that currently present the greatest danger to the United States are Colombia and the Middle East. For decades, we have been engulfed in the ancient wars of the Middle East by subsidizing and supporting both sides. This policy is destined to fail. We are in great danger of becoming involved in a vicious war for oil, as well as being drawn into a religious war that will not end in our lifetime. The potential for war in this region is great, and the next one could make the Persian Gulf War look small. Only a reassessment of our entire policy will keep us from being involved in a needless and dangerous war in this region.
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CHALLENGE TO AMERICA: A CURRENT ASSESSMENT OF OUR REPUBLIC —
February 07, 2001 2001 Ron Paul 7:101
Although the justification for our enhanced presence is the War on Drugs, protecting US oil interests and selling helicopters are the real reasons for last years’ $1.3 billion emergency funding. Already neighboring countries have expressed concern about our presence in Colombia. The US policymakers gave their usual response by promising more money and support to the neighboring countries that feel threatened.
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CHALLENGE TO AMERICA: A CURRENT ASSESSMENT OF OUR REPUBLIC —
February 07, 2001 2001 Ron Paul 7:102
Venezuela, rich in oil, is quite nervous about our enhanced presence in the region. Their foreign minister stated that if any of our ships enter the Gulf of Venezuela they will be expelled . This statement was prompted by an overly aggressive US Coast Guard vessel’s intrusion into Venezuelan territorial waters on a drug expedition. I know of no one who believes this expanded and insane drug war will do anything to dampen drug usage in the United States. Yet it will cost us plenty. Too bad our political leaders cannot take a hint. The war effort in Colombia is small now, but under current conditions it will surely escalate. This is a 30-year-old civil war being fought in the jungles of South America. We are unwelcome by many, and we ought to have enough sense to stay out of it. Recently new policy has led to the spraying of herbicides to destroy the coca fields. It’s already been reported that the legal crops in nearby fields have been destroyed as well. This is no way to win friends around the world.
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POTENTIAL FOR WAR
February 08, 2001 2001 Ron Paul 10:5
But both types of conflicts result from the same flawed foreign policy of foreign interventionism. Both types of conflict can be prevented. National security is usually cited to justify our foreign involvement, but this excuse distracts from the real reason we venture so far from home. Influential commercial interests dictate policy of when and where we go. Persian Gulf oil obviously got more attention than genocide in Rwanda.
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POTENTIAL FOR WAR
February 08, 2001 2001 Ron Paul 10:9
Many reasons given for our willingness to police the world sound reasonable: We need to protect our oil; we need to stop cocaine production in Colombia; we need to bring peace in the Middle East; we need to punish our adversaries; we must respond because we are the sole superpower, and it is our responsibility to maintain world order; it is our moral obligation to settle disputes; we must follow up on our dollar diplomacy after sending foreign aid throughout the world. In the old days, it was, we need to stop the spread of communism.
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POTENTIAL FOR WAR
February 08, 2001 2001 Ron Paul 10:10
The excuses are endless. But it is rarely mentioned that the lobbyists and the proponents of foreign intervention are the weapons manufacturers, the oil companies, and the recipients of huge contracts for building infrastructures in whatever far corners of the Earth we send our troops. Financial interests have a lot at stake, and it is important for them that the United States maintains its empire.
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POTENTIAL FOR WAR
February 08, 2001 2001 Ron Paul 10:28
The two areas in the world that currently present the greatest danger to the United States are Colombia and the Middle East. For decades we have been engulfed in the ancient wars of the Middle East by subsidizing and supporting both sides. This policy is destined to fail. We are in great danger of becoming involved in a vicious war for oil, as well as being drawn into a religious war that will not end in our lifetime.
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POTENTIAL FOR WAR
February 08, 2001 2001 Ron Paul 10:31
Our involvement in Colombia could easily escalate into a regional war. For over 100 years, we have been involved in the affairs of Central America, but the recent escalation of our presence in Colombia is inviting trouble for us. Although the justification for our enhanced presence is the war on drugs, protecting U.S. oil interests and selling helicopters are the real reasons for the last year’s $1.3 billion emergency funding.
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POTENTIAL FOR WAR
February 08, 2001 2001 Ron Paul 10:33
Venezuela, rich in oil, is quite nervous about our enhanced presence in the region. Their foreign minister stated that if any of our ships enter the Gulf of Venezuela, they will be expelled. This statement was prompted by an overly aggressive U.S. Coast Guard vessel intrusion into Venezuela’s territorial waters on a drug expedition. I know of no one who believes this expanded and insane drug war will do anything to dampen drug usage in the United States, yet it will cost us plenty.
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Questions for Secretary of State Colin Powell before the House Committee on International Relations
March 8, 2001 2001 Ron Paul 17:7
6. If investors of a foreign nation had a stake in oil production in the Gulf of Mexico and their country was dependent on oil imports for subsistence, is that country justified in militarily dominating the Gulf and use of U.S. soil for basing operations? My guess is Americans would be furious even if done with our government official’s approval. Yet we expect the Arab world — a world quite different from ours — to accept our presence and domination. Is it not possible for our policy in the region to show more “humility” rather than pursue a policy that incites Islamic fundamentalists against us leading to what they see as acts of self defense and we see as acts of terrorism?
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Sudan Peace Act
13 June 2001 2001 Ron Paul 40:13
There is more, however. Buried deep within the bill in Section 9 we find what may be the real motivation for the intervention — Oil. It seems the bill also tasks the Secretary of State with generating a report detailing “a description of the sources and current status of Sudan’s financing and construction of infrastructure and pipelines for oil exploitation, the effects of such financing and construction on the inhabitants of the regions in which the oil fields are located.” Talk about corporate welfare and the ability to socialize the costs of foreign competitive market research on the U.S. taxpayer!
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Sudan Peace Act
13 June 2001 2001 Ron Paul 40:14
Yes, Mr. Chairman, this bill truly has it all — an unconstitutional purpose, the morally bankrupt intervention in dealings between the affairs of foreign governments and their respective citizens in our attempt to police the world, more involvement by a United Nations proven inept at resolving civil conflicts abroad, the expansion of the SEC into State Department functions and a little corporate welfare for big oil, to boot. How can one not support these legislative efforts?
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Internationalizing SEC
13 June 2001 2001 Ron Paul 41:3
For one thing, cracking down more on foreign oil companies that are doing business in Sudan will not necessarily prohibit the benefits that may flow to the American oil companies if there is a change in government. We should not ignore that. We go to war over oil. We went to war over oil in the Persian Gulf, and certainly we had oil as an influence to send in many dollars and much equipment down into Colombia.
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Internationalizing SEC
13 June 2001 2001 Ron Paul 41:4
But just let me read from the bill. It says the Secretary of State will report back on a description of the sources and the current status of Sudan’s financing and construction of infrastructure and pipelines for oil exploitation; the effects of such financing and construction of the inhabitants of the region. It goes on, which in a way does a lot of research and benefit for our oil companies that may benefit. So I think oil is involved, but in quite a different way than I think we should be involved in dealing with the foreign oil companies today. So I am not going to support this amendment.
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Iran/Libya Sanctions Act
24 July 2001 2001 Ron Paul 64:3
Furthermore, the sanctions are being extended from a period of five years to ten years. If the original five year sanction period has not been effective in allaying the fears about these governments why do we believe an extra five years will be effective? In fact, few companies have actually been sanctioned under this Act, and to the best of my knowledge no oil companies have been so sanctioned. Still, the sanctions in the Act are not against these nations but are actually directed at “persons” engaged in certain business and investments in these countries. There are already Executive Orders making it illegal for US companies to undertake these activities in these sanctioned countries, so this Act applies to companies in other countries, mostly our allied countries, almost all of whom oppose and resent this legislation and have threatened to take the kinds of retaliatory action that could lead to an all out trade war. In fact, the former National Security Advisor Brent Scrowcroft recently pointed out how these sanctions have had a significant adverse impact upon our Turkish allies.
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Iran/Libya Sanctions Act
24 July 2001 2001 Ron Paul 64:6
I also have to point out the inconsistency in our policy. Why would we sanction Iran but not Sudan, and why would we sanction Libya but not Syria? I hear claims related to our national security but surely these are made in jest. We subsidize business with the People’s Republic of China but sanction Europeans from helping to build oil refineries in Iran.
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LIFT THE UNITED STATES EMBARGO ON CUBA — HON. RON PAUL
July 26, 2001 2001 Ron Paul 66:15
Whereas, Cuba’s potential oil reserves have attracted the interest of numerous other countries who have been helping Cuba develop its existing wells and search for new reserves; Cuba’s oil output has increased more than 400 percent over the last decade; and
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Crazy For Kazakhstan
1 August 2001 2001 Ron Paul 69:1
Mr. PAUL. Mr. Speaker, I would like to draw the attention of my colleagues to the Op Ed article “Crazy for Kazakhstan — Asian nation of vital interest” by former Secretary of Energy Bill Richardson published in “The Washington Times” on July 30, 2001. Mr. Richardson has been working with countries of Central Asia, particularly with oil rich Kazakhstan, for a long time and has an extensive expertise in the region. I think we can rely on his assessments. In the article he outlines achievements of Kazakhstan and defines this country one of the promising “of all the countries rising from the ashes of the Soviet Union”.
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Crazy For Kazakhstan
1 August 2001 2001 Ron Paul 69:10
In the center of this conflict and instability Kasakhstan has begun to prosper by working to build a modern economy, developing its vast natural resources and providing a base of stability in a very uncertain part of the world. With the discovery of the massive Kashagan oil field in the Kazak portion of the Caspian Sea, Kazakhstan is poised to become a major supplier of petroleum to the Western World and a competitor to Organization of Petroleum Exporting Countries (OPEC). It is critical that we continue to facilitate western companies’ investment in Kazakhstan and the establishment of secure, east-west pipeline routes for Kazak oil. This is the only way for Kazakhstan to loosen its dependence on Russia for transit rights for its oil and gas and secure additional, much needed, oil for the world market.
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Crazy For Kazakhstan
1 August 2001 2001 Ron Paul 69:11
American policy in the region must be based on the complex geopolitics of Central Asia and provide the support required to enable these countries to reach their economic potential. We must continue to give top priority to the development of Kazakhstan’s oil and gas industries and to the establishment of east-west transportation corridors for Caspian oil and gas. We must also remain committed to real support for local political leadership, fostering rule of law and economic reforms and to helping mitigate and solve the lingering ethnic and nationalistic conflicts in the region. Only through meaningful and substantial cooperation with Kazakhstan, will we be able to realize these goals.
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The US Dollar and the World Economy
September 6, 2001 2001 Ron Paul 75:43
Likewise, an imperialistic foreign policy can only be supported by inflation and high taxation. This policy compounds the threat to liberty, because all too often our leaders get us involved in overseas military adventurism in which we should have no part. Today that danger is greater than ever before, as we send our dollars and troops hither and yon to areas of the world most Americans have no knowledge or interest in. But the driving force behind our foreign policy comes from our oil corporations, international banking interests and the military-industrial complex, which have high-stake interests in the places our troops and foreign aid, are sent.
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Foreign Interventionism
September 25, 2001 2001 Ron Paul 80:14
It has already been written that Islamic militants are fighting a “holy war”- a jihad. This drives them to commit acts that to us are beyond comprehension. It seems that they have no concern for economic issues since they have no regard even for their own lives. But an economic issue does exist in this war: OIL!
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Foreign Interventionism
September 25, 2001 2001 Ron Paul 80:15
When the conflict broke out between Iraq and Iran in the early 1980s and we helped to finance and arm Iraq, Anwar Sadat of Egypt profoundly stated: “This is the beginning of the war for oil.” Our crisis today is part of this long lasting war over oil.
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Foreign Interventionism
September 25, 2001 2001 Ron Paul 80:18
It is during this time bin Laden learned to practice terror; tragically, with money from the US taxpayers. But it wasn’t until 1991 during what we refer to as the Persian Gulf War that he turned fully against the United States. It was this war, said to protect our oil that brought out the worst in him.
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Foreign Interventionism
September 25, 2001 2001 Ron Paul 80:19
Of course, it isn’t our oil. The oil in fact belongs to the Arabs and other Muslim nations of the Persian Gulf. Our military presence in Saudi Arabia is what most Muslims believe to be a sacred violation of holy land. The continuous bombing and embargo of Iraq, has intensified the hatred and contributed to more than over 1,000,000 deaths in Iraq. It is clear that protecting certain oil interests and our presence in the Persian Gulf help drive the holy war.
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Foreign Interventionism
September 25, 2001 2001 Ron Paul 80:30
It’s no easy task, but before we fight we’d better be precise about whom we are fighting and how many there are and where they are hiding, or we’ll never know when the war is over and our goals are achieved. Without this knowledge the war can go on for a long, long time, and the war for oil has already been going on for more than 20 years. To this point, our President and his administration have displayed the necessary deliberation. This is a positive change from unauthorized and ineffective retaliatory bombings in past years that only worsened various conflicts.
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A SAD STATE OF AFFAIRS --
October 25, 2001 2001 Ron Paul 90:24
Our support for the less-than-ethical government of Saudi Arabia, with our troops occupying what most Muslims consider sacred land, is hardly the way to bring peace to the Middle East. A policy driven by our fear of losing control over the oil fields in the Middle East has not contributed to American Security. Too many powerful special interests drive our policy in this region, and this does little to help us preserve security for Americans here at home.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:6
The predominant nationality of the terrorists was Saudi Arabian. Yet for political and economic reasons, even with the lack of cooperation from the Saudi government, we have ignored that country in placing blame. The Afghan people did nothing to deserve another war. The Taliban, of course, is closely tied to bin Laden and al-Qaeda, but so are the Pakistanis and the Saudis. Even the United States was a supporter of the Taliban’s rise to power, and as recently as August of 2001, we talked oil pipeline politics with them.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:7
The recent French publication of bin Laden, The Forbidden Truth revealed our most recent effort to secure control over Caspian Sea oil in collaboration with the Taliban. According to the two authors, the economic conditions demanded by the U.S. were turned down and led to U.S. military threats against the Taliban.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:9
Former FBI Deputy Director John O’Neill resigned in July over duplicitous dealings with the Taliban and our oil interests. O’Neill then took a job as head of the World Trade Center security and ironically was killed in the 9-11 attack. The charges made by these authors in their recent publication deserve close scrutiny and congressional oversight investigation- and not just for the historical record.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:14
It’s important to note that in the same article, the author quoted Michael Klare, an expert on Caspian Sea oil reserves, from an interview on Radio Free Europe: “We (the U.S.) view oil as a security consideration and we have to protect it by any means necessary, regardless of other considerations, other values.” This, of course, was a clearly stated position of our administration in 1990 as our country was being prepared to fight the Persian Gulf War. Saddam Hussein and his weapons of mass destruction only became the issue later on.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:20
The argument that we need to do so because Hussein is producing weapons of mass destruction is the reddest of all herrings. I sincerely doubt that he has developed significant weapons of mass destruction. However, if that is the argument, we should plan to attack all those countries that have similar weapons or plans to build them- countries like China, North Korea, Israel, Pakistan, and India. Iraq has been uncooperative with the UN World Order and remains independent of western control of its oil reserves, unlike Saudi Arabia and Kuwait. This is why she has been bombed steadily for 11 years by the U.S. and Britain. My guess is that in the not-too-distant future, so-called proof will be provided that Saddam Hussein was somehow partially responsible for the attack in the United States, and it will be irresistible then for the U.S. to retaliate against him. This will greatly and dangerously expand the war and provoke even greater hatred toward the United States, and it’s all so unnecessary.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:26
It has been argued that we needed to maintain a presence in Saudi Arabia after the Persian Gulf War to protect the Saudi government from Iraqi attack. Others argued that it was only a cynical excuse to justify keeping troops to protect what our officials declared were “our” oil supplies. Some have even suggested that our expanded presence in Saudi Arabia was prompted by a need to keep King Fahd in power and to thwart any effort by Saudi fundamentalists to overthrow his regime.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:28
It is not our job to remove Saddam Hussein- that is the job of the Iraqi people. It is not our job to remove the Taliban- that is the business of the Afghan people. It is not our job to insist that the next government in Afghanistan include women, no matter how good an idea it is. If this really is an issue, why don’t we insist that our friends in Saudi Arabia and Kuwait do the same thing, as well as impose our will on them? Talk about hypocrisy! The mere thought that we fight wars for affirmative action in a country 6,000 miles from home, with no cultural similarities, should insult us all. Of course it does distract us from the issue of an oil pipeline through northern Afghanistan. We need to keep our eye on the target and not be so easily distracted.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:31
Remember, to bin Laden, martyrdom is a noble calling, and he just may be more powerful in death than he is in life. An American invasion of Iraq would please bin Laden, because it would rally his troops against any moderate Arab leader who appears to be supporting the United States. It would prove his point that America is up to no good, that oil and Arab infidels are the source of all the Muslims’ problems.
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The War On Terrorism
November 29, 2001 2001 Ron Paul 98:37
Rumsfeld’s plan, as reported in Turkey’s Hurriyet newspaper, lays out the plan for the next Iraqi government. Turkey’s support is crucial, so the plan is to give Turkey oil from the northern Iraq Karkuk field. The United States has also promised a pipeline running from Iraq through Turkey. How can the Turks resist such a generous offer? Since we subsidize Turkey and they bomb the Kurds, while we punish the Iraqis for the same, this plan to divvy up wealth in the land of the Kurds is hardly a surprise.
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Ongoing Violence in Israel and Palestine
December 5, 2001 2001 Ron Paul 102:10
With the Arabs, we cannot tell the Arabs to get lost. The Arabs are important. They have a lot of oil under their control. We cannot flaunt the Arabs and say, get lost. We must protect our oil. It is called “our oil.” At the same time, there is a strong constituency for never offending Israel.
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Saddam Hussein
19 December 2001 2001 Ron Paul 107:9
I tend to agree with the gentleman from Illinois (Chairman HYDE) that if there was evidence, we probably have, under the authority we have given the President, to go in to Iraq. But that is not what we are talking about. We are talking about the perpetuation, the continuation of the Persian Gulf War, which at the time was designed as a fight for our oil. I think that is what this is all about.
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Opposing Resolution For War With Iraq
19 December 2001 2001 Ron Paul 110:15
We are going into Iraq for other reasons, other than reasons of national security. That is my firm belief. It has a lot to do with the announcement when our government propagandized to go to war in the Persian Gulf War and it was to go to defend our oil. I still believe that is a major motivation that directs our foreign policy in the Middle East.
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19 December 2001 2001 Ron Paul 111:3
Mr. Speaker, very quickly, borders are important because that is what our Constitution gives us the authority to defend. Our Constitution does not give us the authority to defend Europe or anybody else. Also we have a moral authority to defend ourselves and not to pretend that we are the policemen of the world. What would Americans say if China were in the Gulf of Mexico and said it was their oil and had troops stationed in Texas. That is the equivalent of us having our Navy in the Persian Gulf and saying it is our oil and placing troops in Saudi Arabia.
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19 December 2001 2001 Ron Paul 111:11
Likewise, U.S. relations with the Gulf states like Saudi Arabia could collapse should the United States initiate an attack on Iraq. Not only would our Saudi allies deny us the use of their territory to launch the attack, but a certain backlash from all gulf and Arab states could well produce even an oil embargo against the United States. Egypt, a key ally in our fight against terrorism, has also warned against any attack on Iraq. Egyptian Foreign Minister Ahmed Maher said recently of the coalition that, “If we want to keep consensus . . . we should not resort, after Afghanistan, to military means.”
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The Case For Defending America
24 January 2002 2002 Ron Paul 1:33
I wonder how many civilians have been killed so far. I know a lot of Members could care less, remembering innocent American civilians who were slaughtered in New York and Washington. But a policy that shows no concern for the innocent will magnify our problems rather than lessen them. The hard part to understand in all this is that Saudi Arabia probably had more to do with these attacks than did Afghanistan. But then again, who wants to offend our oil partners?
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The Case For Defending America
24 January 2002 2002 Ron Paul 1:39
Our presence in the Persian Gulf is not necessary to provide for America’s defense. Our presence in the region makes all Americans more vulnerable to attacks and defending America much more difficult. The real reason for our presence in the Persian Gulf, as well as our eagerness to assist in building a new Afghan government under U.N. authority, should be apparent to us all. Stuart Eizenstat, Under Secretary of Economics, Business and Agricultural Affairs for the previous administration, succinctly stated U.S. policy for Afghanistan testifying before the Senate Foreign Relations Trade Committee October 13, 1997. He said, “One of five main foreign policy interests in the Caspian region is to continue support for U.S. companies and the least progress has been made in Afghanistan, where gas and oil pipeline proposals designed to carry Central Asian energy to world markets have been delayed indefinitely pending establishment of a broad-based, multiethnic government.”
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The Case For Defending America
24 January 2002 2002 Ron Paul 1:40
This was a rather blunt acknowledgment of our intentions. It is apparent that our policy has not changed with this administration. Our new Special Envoy to Afghanistan, Zalmay Khalilzad, was at one time a lobbyist for the Taliban and worked for Unocal, the American oil company seeking rights to build oil and gas pipelines through northern Afghanistan. During his stint as a lobbyist, he urged approval of the Taliban and defended them in the U.S. press. He now, of course, sings a different tune with respect to the Taliban, but I am sure his views on the pipeline by U.S. companies has not changed.
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The Case For Defending America
24 January 2002 2002 Ron Paul 1:41
Born in Afghanistan, Khalilzad is a controversial figure, to say the least, due to his close relationship with the oil industry and previously with the Taliban. His appointment to the National Security Council, very conveniently, did not require confirmation by the Senate. Khalilzad also is a close ally of the Secretary of Defense Paul Wolfowitz in promoting early and swift military action against Iraq.
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The Case For Defending America
24 January 2002 2002 Ron Paul 1:43
CIA support for the Shah of Iran for 25 years led to the long-term serious problems with that nation that persists even today. Could oil be the reason we have concentrated on bombing Afghanistan while ignoring Saudi Arabia, even though we have never found Osama bin Laden? Obviously, Saudi Arabia is culpable in these terrorist attacks on the United States, and yet little is done about it.
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The Case For Defending America
24 January 2002 2002 Ron Paul 1:48
Islamic fundamentalists may overthrow the current government of Saudi Arabia, a fear that drives her to cooperate openly with the terrorists while flaunting her relationship with the United States. The Wall Street Journal has editorialized that the solution to this ought to be our forcibly seizing the Saudi Arabian oil fields and replacing the current government with an even more pro-Western government. All along I thought we condemned regimes that took over their neighbors’ oil fields.
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The Case For Defending America
24 January 2002 2002 Ron Paul 1:49
The editorial, unbelievably explicit, concluded by saying, “Finally, we must be prepared to seize the Saudi oil fields and administer them for the greater good.” The greater good? I just wonder who they are referring to when they talk about the greater good.
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The Case For Defending America
24 January 2002 2002 Ron Paul 1:51
Two countries armed with nuclear weapons on the verge of war in the region, and we are being urged to dig a deeper hole for ourselves by seizing the Saudi oil fields? Already the presence of our troops in the Muslim holy land of Saudi Arabia has inflamed the hatred that drove the terrorists to carry out their tragic act of 9–11. Pursuing such an aggressive policy would only further undermine our ability to defend the American people and will compound the economic problems we face here at home.
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Stimulating The Economy
February 7, 2002 2002 Ron Paul 5:59
5. Our pervasive military presence may well encourage alliances that would have been unheard of a few years ago. Now that we’ve committed ourselves internationally to destroying Afghanistan and rebuilding it, with a promise that we’ll be there for a long time, might encourage closer military alliances between Russia and China, and even others like Pakistan, Iran and Iraq, and even Saudi Arabia- countries all nervous about our military permanency in this region. Control of Caspian Sea oil is not a forgotten item for these countries, and it will not be gracefully conceded to U.S. oil interests. If these alliances develop, even U.S. control of Persian Gulf oil could be challenged as well.
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Introduction of the Monetary Freedom and Accountability Act
February 13, 2002 2002 Ron Paul 8:10
Obfuscation, secrecy, and accounting tricks appear to have catapulted the Houston-based trader of oil and gas to the top of the Fortune 100, only to be brought down by the same corporate chicanery. Meanwhile, Wall Street analysts and the federal government’s top bean counters struggle to convince the nation that the Enron crash is an isolated case, not in the least reflective of how business is done in corporate America.
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Before We Bomb Iraq...
February 26, 2002 2002 Ron Paul 9:12
Could it be that only through war and removal of certain governments we can maintain control of the oil in this region? Could it be all about oil, and have nothing to do with US national security?
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Statement on wasteful foreign aid to Colombia
March 6, 2002 2002 Ron Paul 14:6
As with much of our interventionism, if you scratch the surface of the high-sounding calls to “protect democracy” and “stop drug trafficking” you often find commercial interests driving U.S. foreign policy. This also appears to be the case in Colombia. And like Afghanistan, Kosovo, Iraq, and elsewhere, that commercial interest appears to be related to oil. The U.S. administration request for FY 2003 includes a request for an additional $98 million to help protect the Cano-Limon Pipeline- jointly owned by the Colombian government and Occidental Petroleum. Rebels have been blowing up parts of the pipeline and the resulting disruption of the flow of oil is costing Occidental Petroleum and the Colombian government more than half a billion dollars per year. Now the administration wants American taxpayers to finance the equipping and training of a security force to protect the pipeline, which much of the training coming from the U.S. military. Since when is it the responsibility of American citizens to subsidize risky investments made by private companies in foreign countries? And since when is it the duty of American service men and women to lay their lives on the line for these commercial interests?
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America’s Entangling Alliances in the Middle East
April 10, 2002 2002 Ron Paul 21:3
Political pressure compels us to support Israel, but it is oil that prompts us to guarantee security for the western puppet governments of the oil-rich Arab nations.
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America’s Entangling Alliances in the Middle East
April 10, 2002 2002 Ron Paul 21:13
Current policy prompts our government on one day to give the go-ahead to Sharon to do what he needs to do to combat terrorism (a term that now has little or no meaning); on the next day, however, our government tells him to quit, for fear that we may overly aggravate our oil pals in the Arab nations and jeopardize our oil supplies. This is an impossible policy that will inevitably lead to chaos.
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Predictions
24 April 2002 2002 Ron Paul 25:4
U.S. troops and others will be used to monitor the “peace.” In time, an oil boycott will be imposed, with oil prices soaring to historic highs.
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No More Taxpayer Funds for the Failed Drug War in Colombia
May 23, 2002 2002 Ron Paul 49:8
So I would ask, once again, where is the authority? Where does the authority exists for our President to go down and expand a war in Colombia when it has nothing to do with our national defense or our security? It has more to do with oil than our national security, and we know it. There is a pipeline down there that everybody complains that it is not well protected. It is even designated in legislation, and we deal with this at times. So I would say think about the real reasons behind us going down there.
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No More Taxpayer Funds for the Failed Drug War in Colombia
May 23, 2002 2002 Ron Paul 49:9
It just happens that we have spread ourselves around the world; we are now in nine countries of the 15 countries that used to be part of the Soviet Union. And every country has something to do with oil. The Caspian Sea, Georgia, and why are we in the Persian Gulf? We are in the Persian Gulf to protect “our” oil. Why are we involved with making and interfering with the democratically elected leader of Venezuela? I thought we were for democracy, and yet the reports are that we may well have participated in the attempt to have a democratically elected official in Venezuela removed. I think there is a little bit of oil in Venezuela as well. Could that have been the reason.
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Oppose the "Supplemental" Spending Bill
May 24, 2002 2002 Ron Paul 50:8
US commercial interests — not national security — are a big factor in our shifting policy toward Colombia. We have already seen an administration request for an additional $98 million to help protect the Caño-Limon Pipeline - jointly owned by the Colombian national oil company and Occidental Petroleum. This supplemental will provide for the first installment of this money to be paid to protect Occidental’s pipeline.
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Is America a Police State?
June 27, 2002 2002 Ron Paul 64:63
-This partnership allows a military occupation, the most confrontational being in Saudi Arabia, that offends their sense of pride and violates their religious convictions by having a foreign military power on their holy land. We refuse to consider how we might feel if China’s navy occupied the Gulf of Mexico for the purpose of protecting “their oil” and had air bases on U.S. territory.
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Is America a Police State?
June 27, 2002 2002 Ron Paul 64:72
I’m sure that a more enlightened approach to our foreign policy will prove elusive. Financial interests of our international corporations, oil companies, and banks, along with the military-industrial complex, are sure to remain a deciding influence on our policies.
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Before the House Ways and Means Committee
July 23, 2002 2002 Ron Paul 72:5
The FSC, created by Congress in 1984 under IRC sections 921-927, provides needed relief from the subpart F anti-deferral rules for the foreign subsidiaries of our domestic corporations. FSCs make it possible for U.S. corporations to better compete with companies incorporated in territorial-system nations — which is to say companies that generally pay no corporate tax at all on the foreign-source income of their subsidiaries. I urge the committee to reconsider repealing the FSC, an entity utilized by several corporations in my district that employ thousands of people, including Marathon Oil, Dow Chemical, and British Petroleum. Since competing legislation recently introduced in this committee seeks to encourage American manufacturing and exports, it is imperative that any manufacturing deduction (for "qualified production activities") include income derived from the production of finished energy products — refined gasoline, liquefied natural gas, etc.
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DEPARTMENT OF HOMELAND SECURITY – WHO NEEDS IT?
July 23, 2002 2002 Ron Paul 73:8
Has anything been done to limit immigration from countries placed on the terrorist list? Hardly. Have we done anything to slow up immigration of individuals with Saudi passports? No, oil is too important to offend the Saudis.
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Congress Sgould Think Twice Before Thrusting U.S. Into War
September 4, 2002 2002 Ron Paul 81:15
There are economic reasons to avoid this war. We can do serious damage to our economy. It is estimated that this venture into Iraq may well cost over a hundred billion dollars. Our national debt right now is increasing at a rate of over $450 billion yearly, and we are talking about spending another hundred billion dollars on an adventure when we do not know what the outcome will be and how long it will last? What will happen to oil prices? What will happen to the recession that we are in? What will happen to the deficit? We must expect all kinds of economic ramifications.
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Avoid War With Iraq
4 September 2002 2002 Ron Paul 82:11
There are economic reasons that we must be careful for. We can make serious economic mistakes. It is estimated that this venture into Iraq may well cost over a hundred billion dollars. Our national debt right now is increasing at a rate of over $450 billion and we are talking about spending another hundred billion dollars on an adventure that we do not know what the outcome will be and how long this will last? What will happen to oil prices? What will happen to the recession that we are in? What is going to happen to the deficit? All kinds of economic ramification. So we better not make the mistake of going into something that really we have no business getting into.
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The Price Of War
5 September 2002 2002 Ron Paul 83:18
Competing with a power like the Soviet Union prompted our involvement in areas of the world where the struggle for the balance of power was the sole motivating force. The foreign policy of the 20th century replaced the policy endorsed by our early Presidents and permitted our steadily growing involvement overseas in an effort to control the world’s commercial interests with a special emphasis on oil.
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The Price Of War
5 September 2002 2002 Ron Paul 83:19
Our influence in the Middle East evolved out of concern for the newly created State of Israel in 1947 and to securing control over the flow of oil in that region. Israel’s needs and Arab oil have influenced our foreign policy for more than half a century. In the 1950s, the CIA installed the Shah in Iran. It was not until the hostage crisis of the late 1970s that the unintended consequence occurred. This generated the Iranian hatred of America and led to the takeover by the reactionary Khomeini and the Islamic fundamentalists and caused greater regional instability than we anticipated.
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The Price Of War
5 September 2002 2002 Ron Paul 83:30
Why should there be a question of why Saddam Hussein might not readily accept U.N. inspectors without some type of assurances? Does anybody doubt that control of Iraqi oil supplies, second only to Saudi Arabia, is the real reason U.S. policy is belligerent toward Saddam Hussein? If it is merely to remove dictators around the world, this is the beginning of an endless task.
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The Price Of War
5 September 2002 2002 Ron Paul 83:47
The principle of mark and reprisal would be revived, and specific problems, such as terrorist threats, would be dealt with on a contract basis, incorporating private resources to more accurately target our enemies and reduce the chances of needless and endless war. This would help prevent a continual expansion of a conflict into areas not relating to any immediate threat. By narrowing the target, there is less opportunity for special interests to manipulate our foreign policy to serve the financial needs of the oil and military weapons industries.
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The Price Of War
5 September 2002 2002 Ron Paul 83:61
This Soviet collapse ushered in the age of unparalleled American dominance over the entire world and along with it allowed the new expanded hot war between the West and the Muslim East. All the hostility directed toward the West built up over the centuries between the two factions is now directed toward the United States. We are now the only power capable of paying for and literally controlling the Middle East and its cherished wealth, and we have not hesitated. Iraq, with its oil and water and agricultural land, is a prime target of our desire to further expand our dominion. The battle is growing ever so tense with our acceptance and desire to control the Caspian Sea oil riches. But Russia, now licking its wounds and once again accumulating wealth, will not sit idly by and watch the American empire engulf this region. When time runs out for us, we can be sure Russia will once again be ready to fight for control of all those resources in countries adjacent to her borders. And expect the same from China and India. And who knows, maybe one day even Japan will return to the ancient art of using force to occupy the cherished territories in their region of the world.
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Questions That Will Not Be Asked About Iraq
September 10, 2002 2002 Ron Paul 85:19
18. Are we willing to bear the economic burden of a 100 billion dollar war against Iraq, with oil prices expected to skyrocket and further rattle an already shaky American economy? How about an estimated 30 years occupation of Iraq that some have deemed necessary to "build democracy" there?
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Questions That Will Not Be Asked About Iraq
September 10, 2002 2002 Ron Paul 85:28
27. Why do the oil company executives strongly support this war if oil is not the real reason we plan to take over Iraq?
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Can We Afford this War?
September 24, 2002 2002 Ron Paul 89:7
Oil prices are over $31 a barrel, and predictions are that they can easily go up another $15 to $20 if international tensions grow.
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Can We Afford this War?
September 24, 2002 2002 Ron Paul 89:11
Reports are now appearing that we are negotiating with allies to share in the oil bounty once Iraq is occupied in order to get support for our invasion from various countries around the world.
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Is Congress Relevant with Regards to War?
October 3, 2002 2002 Ron Paul 94:9
In order to get more of what we want from the United Nations, we rejoined UNESCO, which Ronald Reagan had bravely gotten us out of, and promised millions of dollars of U.S. taxpayer support to run this international agency started by Sir Julian Huxley. In addition, we read of promises by our administration that once we control Iraqi oil, it will be available for allies like France and Russia, who have been reluctant to join our efforts.
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Unintended Consequences
November 14, 2002 2002 Ron Paul 102:6
No local Iraqi or regional Arab support materializes. Instead of a spontaneous uprising as is hoped, the opposite occurs. The Iraqi citizens anxious to get rid of Hussein join in his defense, believing foreign occupation and control of their oil is far worse than living under the current dictator. Already we see that sanctions have done precisely that. Instead of blaming Saddam Hussein and his dictatorial regime for the suffering of the past decade, the Iraqi people blame the U.S.-led sanctions and the constant bombing by the U.S. and British. Hussein has increased his power and the people have suffered from the war against Iraq since 1991. There are a lot of reasons to believe this same reaction will occur with an escalation of our military attacks. Training dissidents like the Iraqi National Congress will prove no more reliable than the training and the military assistance we provided in the 70’s and the 80’s for Osama bin Laden and Saddam Hussein when they qualified as U.S. "allies."
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Unintended Consequences
November 14, 2002 2002 Ron Paul 102:7
Pre-emptive war against Iraq may well prompt traditional enemies in the regions to create new alliances, as the hatred for America comes to exceed age-old hatreds that caused regional conflicts. Iraq already has made overtures and concessions to Iran and Kuwait, with some signs of conciliation being shown by both sides. Total domination of the entire Persian Gulf and the Caspian Sea regions by the U.S. will surely stir survival instincts in these countries as well as in Russia. As the balance of power continues to shift in the U.S.’s favor, there will be even more reasons for countries like China and Pakistan to secretly support the nations that are being subjected to U.S. domination in the region. The U.S. will never have a free ride in its effort to control the entire world’s oil supply. Antagonisms are bound to build, and our ability to finance the multiple military conflicts that are bound to come is self-limited.
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Unintended Consequences
November 14, 2002 2002 Ron Paul 102:17
Our very weak economy could easily collapse with the additional burden of a costly war. War is never a way to make the people of a country better off. It does not end recessions, and is much more likely to cause one or make one much worse. A significant war will cause revenues to decrease, taxes to increase, inflation to jump, encourage trade wars, and balloon the deficit. Oil prices will soar and the dollar will retreat ever further.
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Republic Versus Democracy
29 January 2003 2003 Ron Paul 6:58
There is no credibility in our contention that we really want to impose democracy on other nations, yet promoting democracy is the public justification for our foreign intervention. It sounds so much nicer than saying we are going to risk the lives of young people and massively tax our citizens to secure the giant oil reserves of Iraq. After we take over Iraq, how long would one expect it to take until there are authentic nationwide elections in that country? The odds of that happening in even 100 years are remote. It is virtually impossible to imagine a time when democratic elections would ever occur for the election of leaders in a constitutional republic dedicated to the protection of liberty anyplace in the region.
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Another United Nations War
25 February 2003 2003 Ron Paul 24:10
From my viewpoint, the worst scenario would be for the United Nations to sanction this war, which may well occur if we offer enough U.S. taxpayer money and Iraqi oil to the reluctant countries. If that happens, we could be looking at another 58-year occupation, expanded Middle East chaos, or a dangerous spread of hostility to all of Asia or even further.
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War No Excuse For Frivolous Spending
3 April 2003 2003 Ron Paul 46:4
On foreign spending, this bill actually provides one billion dollars in foreign aid to Turkey — even though that country refused the U.S. request for cooperation in the war on Iraq. One billion dollars to a country that thumbed its nose at an American request for assistance? How is this possibly an appropriate expenditure of taxpayer money? Additionally, this “war supplemental” has provided cover for more of the same unconstitutional foreign aid spending. It provides 2.5 billion dollar for Iraqi reconstruction when Americans have been told repeatedly that reconstruction costs will be funded out of Iraqi oil revenues. It also ensures that the American taxpayer will subsidize large corporations that wish to do business in Iraq by making transactions with Iraq eligible for support from the Export-Import Bank. It sends grants and loans in excess of 11.5 billion dollars to Jordan, Israel, Egypt, and Afghanistan — above and beyond the money we already send them each year.
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Results Of The Attack On Iraq: What Have We Discovered
19 June 2003 2003 Ron Paul 67:3
(3) Before the attack on Iraq, it was claimed that Iraq would destroy its oil wells. Though some explosives may have been found at some sites, it is clear that there was no coordinated Iraqi effort to demolish its oil facilities.
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Results Of The Attack On Iraq: What Have We Discovered
19 June 2003 2003 Ron Paul 67:13
(13) Though it was claimed before the US attack that proceeds from the sale of Iraqi oil would be sufficient to rebuild the country, it is now obvious that this will not be the case. The brunt of the burden of Iraqi reconstruction will therefore fall on the American taxpayer. Much of the damage is the result of our own bombing of that country.
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Borrowing Billions to Fund a Failed Policy in Iraq
October 17, 2003 2003 Ron Paul 110:4
Mr. Speaker this reconstruction of Iraq – that we are making but a down-payment on today – is at its core just another foreign policy boondoggle. The $20 billion plan to “rebuild” Iraq tilts heavily toward creating a statist economy and is filled with very liberal social-engineering programs. Much of the money in this reconstruction plan will be wasted - as foreign aid most often is. Much will be wasted as corporate welfare to politically connected corporations; much will be thrown away at all the various “non-government organizations” that aim to teach the Iraqis everything from the latest American political correctness to the “right” way to vote. The bill includes $900 million to import petroleum products into Iraq (a country with the second largest oil reserves in the world); $793 million for healthcare in Iraq when we’re in the midst of our own crisis and about to raise Medicare premiums of our seniors; $10 million for "women’s leadership programs" (more social engineering); $200 million in loan guarantees to Pakistan (a military dictatorship that likely is the home of Osama bin Laden); $245 million for the "U.S. share" of U.N. peacekeeping in Liberia and Sudan; $95 million for education in Afghanistan; $600 million for repair and modernization of roads and bridges in Iraq (while our own infrastructure crumbles).
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Misguided Policy Of Nation Building In Iraq
17 October 2003 2003 Ron Paul 111:18
The policy of interventionism, I think it is dangerous as instead of reducing the odds of a terrorist attack, I believe it increases the odds of a terrorist attack. When I see us occupying Saudi Arabia, having an air base on land which is considered holy land, occupying the Persian Gulf that has a lot of oil, and it has been said we are there to protect our oil, that it would be equivalent to the Chinese coming in to the Gulf of Mexico and saying we do not have enough oil. And if they happen to be stronger and that they could come over and say, well, we are more powerful, we need imports, we are going to protect our oil in the Gulf of Mexico, we will have our Navy in the Gulf of Mexico, and if we need to we are going to put air bases in Florida and Texas and wherever. And then if the Chinese come in and say, well, your way of life is not our way of life, and we should teach you a better system, that is what I see as being equivalent to us being in the Persian Gulf occupying the Arab lands, and especially, now, Afghanistan and Iraq.
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Say No To Involuntary Servitude
November 21, 2003 2003 Ron Paul 122:7
These after-the-fact excuses for invasion and occupation of a sovereign nation direct attention away from the charge that the military industrial complex encouraged this war. It was encouraged by war profiteering, a desire to control natural resources (oil), and a Neo-con agenda of American hegemony with the goal of redrawing the borders of the countries of the Middle East.
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A Wise Consistency
February 11, 2004 2004 Ron Paul 2:18
A strong case can be made that all the conflicts, starting with the Spanish-American War up to our current conflict in the Middle East, could have been avoided. For instance, the foolish entrance into World War I to satisfy Wilson’s ego led to a disastrous peace at Versailles, practically guaranteeing World War II. Likewise, our ill-advised role in the Persian Gulf War I placed us in an ongoing guerilla war in Iraq and Afghanistan, which may become a worldwide conflict before it ends. Our foolish antics over the years have prompted our support for many thugs throughout the 20th Century — Stalin, Samoza, Batista, the Shah of Iran, Noriega, Osama bin Laden, Saddam Hussein, and many others — only to regret it once the unintended consequences became known. Many of those we supported turned on us, or our interference generated a much worse replacement — such as the Ayatollah in Iran. If we had consistently followed the wise advice of our early presidents, we could have avoided the foreign policy problems we face today. And if we had, we literally would have prevented hundreds of thousands of needless deaths over the last century. The odds are slim to none that our current failure in Afghanistan and Iraq will prompt our administration to change its policies of intervention. Ignoring the facts and rigidly sticking to a failed policy — a foolish consistency — as our leaders have repeatedly done over the past 100 years, unfortunately will prevail despite its failure and huge costs. This hostility toward principled consistency and common sense allows for gross errors in policy making. Most Americans believed, and still do, that we went to war against Saddam Hussein because he threatened us with weapons of mass destruction and his regime was connected to al Qaeda. The fact that Saddam Hussein not only did not have weapons of mass destruction, but essentially had no military force at all, seems to be of little concern to those who took us to war. It was argued, after our allies refused to join in our efforts, that a unilateral approach without the United Nations was proper under our notion of national sovereignty. Yet resolutions giving the President authority to go to war cited the United Nations 21 times, forgetting the U.S. Constitution allows only Congress to declare war. A correct declaration of war was rejected out of hand. Now with events going badly, the administration is practically begging the UN to take over the transition — except, of course, for the Iraqi Development Fund that controls the oil and all the seized financial assets. The contradictions and distortions surrounding the Iraqi conflict are too numerous to count. Those who wanted to institutionalize the doctrine of pre-emptive war were not concerned about the Constitution or consistency in our foreign policy. And for this, the American people and world peace will suffer.
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A Wise Consistency
February 11, 2004 2004 Ron Paul 2:33
Third: If these facts are ignored, there’s no chance that the United States-led Western occupation of the oil-rich Middle East can succeed (70% of the world’s oil is in the Persian Gulf and Caspian Sea regions). Without a better understanding of the history of this region, it’s not even possible to define the enemy, know why they fight, or understand the difference between guerilla warrior attacks and vague sinister forces of terrorism. The pain of recognizing that the ongoing war is an example of what the CIA calls blowback and an unintended consequence of our foreign policy is a great roadblock to ever ending the war.
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Oppose a Flawed Policy of Preemptive War
March 17, 2004 2004 Ron Paul 18:4
Rather than bragging about victory, we should recognize that the war raging on between the Muslim East and the Christian West has intensified and spread, leaving our allies and our own people less safe. Denying we have an interest in oil, and denying that occupying an Islamic country is an affront to the sensitivities of most Arabs and Muslims, is foolhardy.
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Opposing H.R. 557
17 March 2004 2004 Ron Paul 19:3
Denying that we are interested in oil and that occupying an Islamic country is not an affront to the sensitivities of most Arabs and Muslims is foolhardy. Reasserting U.N. Security Council resolutions as the justification for war further emphasizes our sacrifice of sovereignty and Congress’s reneging on its Constitutional responsibility on war.
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Opposing H.R. 557
17 March 2004 2004 Ron Paul 19:9
Presidential envoy Donald Rumsfeld and Tariq Aziz meet for two and one-half hours and agree that “the U.S. and Iraq shared many common interests,” including peace in the Persian Gulf, the desire to diminish the influence of Iran and Syria, and support for reintegrating Egypt, isolated since its unilateral peace with Israel, into the Arab world. Rumsfeld comments on Iraq’s oil exports, suggests alternative pipeline facilities, and discusses opposition to international terrorism and support for a fair Arab-Israeli peace. He and Aziz discuss the Iran-Iraq war “in detail.” Rumsfeld says that the administration wants an end to the war, and offers “our willingness to do more.” He mentions chemical weapons, possible escalation of fighting in the Gulf, and human rights as impediments to the U.S. government’s desire to do more to help Iraq, then shifts the conversation to U.S. opposition to Syria’s role in Lebanon.
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The Lessons of 9/11
April 22, 2004 2004 Ron Paul 27:9
Failing to understand why 9/11 happened and looking for a bureaucratic screw-up to explain the whole thing — while using the event to start an unprovoked war unrelated to 9/11 — have dramatically compounded the problems all Americans and the world face. Evidence has shown that there was no connection between Saddam Hussein and the guerilla attacks on New York and Washington, and since no weapons of mass destruction were found, other reasons are given for invading Iraq. The real reasons are either denied or ignored: oil, neo-conservative empire building, and our support for Israel over the Palestinians.
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The Lessons of 9/11
April 22, 2004 2004 Ron Paul 27:31
This misdirected policy has prompted the current protracted war in Iraq, which has gone on for 13 years with no end in sight. The al Qaeda attacks should not be used to justify more intervention; instead they should be seen as a guerilla attacks against us for what the Arabs and Muslim world see as our invasion and interference in their homelands. This cycle of escalation is rapidly spreading the confrontation worldwide between the Christian West and the Muslim East. With each escalation, the world becomes more dangerous. It is especially made worse when we retaliate against Muslims and Arabs who had nothing to do with 9/11—as we have in Iraq—further confirming the suspicions of the Muslim masses that our goals are more about oil and occupation than they are about punishing those responsible for 9/11.
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The Lessons of 9/11
April 22, 2004 2004 Ron Paul 27:38
Understanding why both political parties agree on the principle of continuous foreign intervention is crucial. Those reasons are multiple and varied. They range from the persistent Wilsonian idealism of making the world safe for democracy to the belief that we must protect “our” oil.
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The Same Old Failed Policies in Iraq
June 3, 2004 2004 Ron Paul 37:6
These serious concerns led to the dumping of the heir apparent Chalabi, the arrest of his colleagues, and the raid on his home and headquarters to seize important documents. The connection between Chalabi and the U.N. food-for-oil scandal is yet to be determined.
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The Same Old Failed Policies in Iraq
June 3, 2004 2004 Ron Paul 37:9
Those who strongly argue behind the scenes that we must protect “our oil” surely should have second thoughts, as oil prices soar over $40 with our current policy of military interventionism.
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Stay out of Sudan’s Civil War
November 19, 2004 2004 Ron Paul 80:3
It seems as if this has been all reduced to a few slogans, tossed around without much thought or care about real meaning or implication. We unfortunately see this often with calls for intervention. One thing we do know, however, is that Sudan is floating on a sea of oil. Why does it always seem that when we hear urgent clamor for the United States to intervene, oil or some other valuable commodity just happens to be present? I find it interesting that so much attention is being paid to oil-rich Sudan while right next door in Congo the death toll from its civil war is estimated to be two to three million - several times the estimated toll in Sudan.
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America’s Foreign Policy Of Intervention
26 January 2005 2005 Ron Paul 6:32
What if our current policy in the Middle East leads to the overthrow of our client oil states in that region?
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Sense Of The Congress Resolution That The United States Should Not Ratify The Law Of The Sea Treaty
10 February 2005 2005 Ron Paul 20:3
Treaty proponents acted again in the 1990s, offering a separate “Agreement” that purported to amend the Treaty. This “corrected treaty” was also deemed unacceptable by the Senate Foreign Relations Committee in 1994. Now we are once again facing a terribly flawed treaty that will hand over more of our sovereignty to a corrupt United Nations — just at a time when the extent of the United Nations’ corruption is becoming more evident through the oil for food scandal in Iraq.
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Sense Of The Congress Resolution That The United States Should Not Ratify The Law Of The Sea Treaty
10 February 2005 2005 Ron Paul 20:6
The Law of the Sea Treaty will also create, for the first time in history, an international body with the authority to collect taxes from American citizens. It is truly a U.N. global tax. This will come about as a fee on private enterprise and nation states from seabed mining, offshore oil platforms, and other raw material recovery activities. These fees will first be paid by the governments of the signatory states, which will then have the burden of collecting the monies back from the private enterprises engaged in seabed mining activities.
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Introducing The American Sovereignty Restoration Act Of 2005
8 March 2005 2005 Ron Paul 27:1
Mr. PAUL. Mr. Speaker, I rise today to re- introduce the American Sovereignty Restoration Act. I submitted this bill, which would end United States membership in the United Nations, in the 106th, 107th, and 108th Congresses and if anything, conditions have made its relevance and importance more evident now than ever. The United Nations assault on the sovereignty of the United States proceeds apace; it shows no signs of slowing. Mr. Speaker, since I last introduced this measure, the United Nations has been embroiled in scandal after scandal, from the Oil for Food Scandal to several recent particularly appalling sex scandals.
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Consequences Of Foreign Policy — Part 1
16 March 2005 2005 Ron Paul 30:10
Just think of the elected leader in 1953 in Iran, the elected leader, Mossadeq. But he did not follow what we wanted him to do with regards to oil. So what did we do? We sent in the CIA. We overthrew him, and then we had our puppet government, the Shah, for 25 years, which did nothing more than provide fodder for the radicals, and we radicalized the ayatollahs against us.
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Who’s Better Off?
April 6, 2005 2005 Ron Paul 35:2
The information Congress was given prior to the war was false. There were no weapons of mass destruction; the Iraqis did not participate in the 9/11 attacks; Osama bin Laden and Saddam Hussein were enemies and did not conspire against the United States; our security was not threatened; we were not welcomed by cheering Iraqi crowds as we were told; and Iraqi oil has not paid any of the bills. Congress failed to declare war, but instead passed a wishy-washy resolution citing UN resolutions as justification for our invasion. After the fact we’re now told the real reason for the Iraq invasion was to spread democracy, and that the Iraqis are better off. Anyone who questions the war risks being accused of supporting Saddam Hussein, disapproving of democracy, or “supporting terrorists.” It’s implied that lack of enthusiasm for the war means one is not patriotic and doesn’t support the troops. In other words, one must march lock-step with the consensus or be ostracized.
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Who’s Better Off?
April 6, 2005 2005 Ron Paul 35:9
We have seen none of the promised oil production that was supposed to provide grateful Iraqis with the means to repay us for the hundreds of billions that American taxpayers have spent on the war. Some have justified our continuous presence in the Persian Gulf since 1990 because of a need to protect “our” oil. Yet now that Saddam Hussein is gone, and the occupation supposedly is a great success, gasoline at the pumps is reaching record highs approaching $3 per gallon.
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Who’s Better Off?
April 6, 2005 2005 Ron Paul 35:11
The oil-for-food scandal under Saddam Hussein has been replaced by corruption in the distribution of U.S. funds to rebuild Iraq. Already there is an admitted $9 billion discrepancy in the accounting of these funds. The over-billing by Halliburton is no secret, but the process has not changed.
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Who’s Better Off?
April 6, 2005 2005 Ron Paul 35:21
Oil was approximately $27 a barrel before the war, now it’s more than twice that. I wonder who benefits from this?
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The Hidden Cost of War
June 14, 2005 2005 Ron Paul 58:24
Economics and War Almost every war has an economic component, some more obvious than others. Our own civil war dealt with slavery, but tariffs and economic oppression by the North were also major factors. Remember, only a small number of southern soldiers personally owned slaves, yet they were enthusiastic in their opposition to the northern invasion. The battles fought in the Middle East since WWI have had a lot to do with securing Arab oil fields for the benefit of western nations. Not only are wars fought for economic reasons, wars have profound economic consequences for the countries involved, even if one side is spared massive property damage. The economic consequences of war play a major role in bringing hostilities to an end. The consequences are less tolerated by the citizens of countries whose leaders drag them into offensive and unnecessary wars. The determination to fight on can’t compete with those who see their homeland threatened by foreign invaders.
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Amendment No. 11 Offered By Mr. Paul
16 June 2005 2005 Ron Paul 66:5
The United Nations has been under serious attack, and most Americans know there is a big problem with the United Nations. There is corruption involved with the oil-for-food scandal, as well as the abuse of human rights. There are a lot of people who believe that we can reform the United Nations and make it much more responsive to our principles. I do not happen to share that belief.
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Introduction of the Industrial Hemp Farming Act
June 22, 2005 2005 Ron Paul 70:6
In recent years, the hemp plant has been put to many popular uses in foods and in industry. Grocery stores sell hemp seeds and oil, as well as food products containing oil and seeds from the hemp plant. Industrial hemp also is included in consumer products such as paper, cloth, cosmetics, and carpet. One of the more innovative recent uses of industrial hemp is in the door frames of about 1.5 million cars. Hemp even has been used in alternative automobile fuel.
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Foreign Aid
28 June 2005 2005 Ron Paul 81:7
Does anybody remember oil companies coming here to get their oil pipelines protected, and we still protect them? This is a little private army that we sent down there. We have 800 troops and advisers in Colombia and spending these huge sums of money. Who else lobbied for Plan Colombia? Do my colleagues remember the debate on who would get to sell the helicopters? Would they be Black Hawks or Hueys?
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Why We Fight
September 8, 2005 2005 Ron Paul 95:2
Though most people think this war started in March of 2003, the seeds were sown many years before. The actual military conflict, involving U.S. troops against Iraq, began in January 1991. The prelude to this actually dates back over a hundred years, when the value of Middle East oil was recognized by the industrialized West.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:13
The one argument that was not publicly used by those who propagandized for the war may well be the most important-- oil. Though the administration in 1990 hinted briefly that we had to eject Saddam Hussein from Kuwait because of oil, the stated reasons for that conflict soon transformed into stopping a potential Hitler and enforcing UN resolutions.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:14
Publicly oil is not talked about very much, but behind the scenes many acknowledge this is the real reason we fight. This is not only the politicians who say this. American consumers have always enjoyed cheap gasoline and want it kept that way. The real irony is that the war has reduced Iraqi oil production by one-half million barrels per day and prices are soaring-- demonstrating another unintended economic consequence of war.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:15
Oil in the Middle East has been a big issue since the industrial revolution, when it was realized that the black substance bubbling out of the ground in places like Iraq had great value. It’s interesting to note that in the early 20 th century Germany, fully aware of oil’s importance, allied itself with the Turkish Ottoman Empire and secured the earliest rights to drill Iraqi oil. They built the Anatalia railroad between Baghdad and Basra, and obtained oil and mineral rights on twenty kilometers on each side of this right-of-way. World War I changed all this, allowing the French and the British to divide the oil wealth of the entire Middle East.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:16
The Versailles Treaty created the artificial nation of Iraq, and it wasn’t long before American oil companies were drilling and struggling to participate in the control of Middle East oil. But it was never smooth sailing for any occupying force in Iraq. After WWI, the British generals upon arriving to secure “their” oil said: “Our armies do not come into your cities and lands as conquerors or enemies, but as liberators.” Not long afterward a jihad was declared against Britain and eventually they were forced to leave. The more things change, the more they stay the same! Too bad we are not better at studying history.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:17
After World War II the U.S. emerged as the #1 world power, and moved to assume what some believed was our responsibility to control Middle East oil in competition with the Soviets. This role prompted us to use our CIA, along with the help of the British, to oust democratically elected Mohammed Mosadeh from power in Iran and install the Shah as a U.S. puppet.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:29
But could it be, as it had been for over a hundred years prior to our invasion, that oil really is the driving issue behind a foreign presence in the Middle East? It’s rather ironic that the consequence of our intervention has been skyrocketing oil prices, with Iraqi oil production still significantly below pre-war levels.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:30
If democracy is not all it’s cracked up to be, and a war for oil is blatantly immoral and unproductive, the question still remains-- why do we fight? More precisely, why should we fight? When is enough killing enough? Why does man so casually accept war, which brings so much suffering to so many, when so little is achieved? Why do those who suffer and die so willingly accept the excuses for the wars that need not be fought? Why do so many defer to those who are enthused about war, and who claim it’s a solution to a problem, without asking them why they themselves do not fight? It’s always other men and other men’s children who must sacrifice life and limb for the reasons that make no sense, reasons that are said to be our patriotic duty to fight and die for. How many useless wars have been fought for lies that deserved no hearing? When will it all end?
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Why We Fight
September 8, 2005 2005 Ron Paul 95:33
It is not in our national interest. On the contrary, pursuing this war endangers our security, increases the chances of a domestic terrorist attack, weakens our defenses, and motivates our enemies to join together in opposition to our domineering presence around the world. Does anyone believe that Russia, China, and Iran will give us free reign over the entire Middle East and its oil? Tragically, we’re setting the stage for a much bigger conflict. It’s possible that this war could evolve into something much worse than Vietnam.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:36
Those who argue that it’s legitimate to protect “our oil” someday must realize that it’s not our oil, no matter how strong and sophisticated our military is. We know the war so far has played havoc with oil prices, and the market continues to discount problems in the region for years to come. No end is in sight regarding the uncertainty of Middle East oil production caused by this conflict.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:37
So far our policies inadvertently have encouraged the development of an Islamic state, with Iranian-allied Shiites in charge. This has led to Iranian support for the insurgents, and has placed Iran in a position of becoming the true victor in this war as its alliance with Iraq grows. This could place Iran and its allies in the enviable position of becoming the oil powerhouse in the region, if not the world, once it has control over the oil fields near Basra.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:51
The neo-conservatives who want to remake the entire Middle East are not interested in the pertinent history of this region. Creating an artificial Iraq after World War I as a unified country was like mixing water and oil. It has only led to frustration, anger, and hostilities-- with the resulting instability creating conditions ripe for dictatorships. The occupying forces will not permit any of the three regions of Iraq to govern themselves. This is strictly motivated by a desire to exert control over the oil. Self-determination and independence for each region, or even a true republican form of government with a minimalist central authority is never considered-- yet it is the only answer to the difficult political problems this area faces. The relative and accidental independence of the Kurds and the Shiites in the 1990s served those regions well, and no suicide terrorism existed during that decade.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:53
Instead, we have been forcing on the people of Iraq a type of democracy that, if implemented, will mean an Islamic state under Sharia’ law. Already we read stories of barbers no longer being safe shaving beards; Christians are threatened and forced to leave the country; and burqas are returning out of fear. Unemployment is over 50%, and oil production is still significantly below pre-war levels. These results are not worth fighting and dying for.
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Why We Fight
September 8, 2005 2005 Ron Paul 95:66
3. All military forces, especially on the Arabian Peninsula, must be moved offshore at the earliest time possible. All responsibility for security and control of the oil must be transferred to the Iraqis from the United States as soon as possible, within months not years.
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Introduction Of The Affordable Gas Price Act
6 October 2005 2005 Ron Paul 99:4
Instead of expanding government, Congress should repeal Federal laws and policies that raise the price of gas, either directly through taxes or indirectly through regulations that discourage the development of new fuel sources. This is why my legislation repeals the Federal moratorium on offshore drilling and allows oil exploration in the ANWR reserve in Alaska. My bill also ensures that the National Environmental Policy Act’s environmental impact statement requirement will no longer be used as a tool to force refiners to waste valuable time and capital on nuisance litigation. The Affordable Gas Price Act also provides tax incentives to encourage investment in new refineries.
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Introduction Of The Affordable Gas Price Act
6 October 2005 2005 Ron Paul 99:5
Federal fuel taxes are a major part of gasoline’s cost. The Affordable Gas Price Act suspends the Federal gasoline tax any time the average gas prices exceeds $3 per gallon. During the suspension, the Federal Government will have a legal responsibility to ensure the Federal highway trust fund remains funded. My bill also raises the amount of mileage reimbursement not subject to taxes, and, during times of high oil prices, provides the same mileage reimbursement benefit to charity and medical organizations as provided to businesses.
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Introduction Of The Affordable Gas Price Act
6 October 2005 2005 Ron Paul 99:6
Misguided and outdated trade policies are also artificially raising the price of gas. For instance, even though Russia and Kazakhstan allow their citizens the right and opportunity to emigrate, they are still subject to Jackson- Vanik sanctions, even though Jackson-Vanik was a reaction to the Soviet Union’s highly restrictive emigration policy. Eliminating Jackson- Vanik’s threat of trade-restricting sanctions would increase the United States access to oil supplies from non-Arab countries. Thus, my bill terminates the application of title IV of the Trade Act of 1974 to Russia and Kazakhstan, allowing Americans to enjoy the benefits of free trade with these oil-producing nations.
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Introduction Of The Affordable Gas Price Act
6 October 2005 2005 Ron Paul 99:7
Finally, the Affordable Gas Price Act creates a Federal study on how the abandonment of the gold standard and the adoption of freely floating currencies are affecting the price of oil. It is no coincidence that oil prices first became an issue shortly after President Nixon unilaterally severed the dollar’s last connection to gold. The system of fiat money makes consumers vulnerable to inflation and to constant fluctuations in the prices of essential goods such as oil.
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Staying or Leaving
October 7, 2005 2005 Ron Paul 102:6
We deny the importance of oil and Israel’s influence on our policy, yet we fail to convince the Arab/Muslim world that our intentions are purely humanitarian.
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The Iraq War
18 October 2005 2005 Ron Paul 104:12
For literally hundreds of years, Europe has continually challenged Muslim and Arab domination of the Middle East. We have never, Europe or the United States, denied our interest in controlling Middle East oil. From Woodrow Wilson to the current neoconservative brand of foreign policy, the zeal for spreading democracy and Western values through force of arms has antagonized most Muslims.
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U.S. Interfering In Middle East
26 October 2005 2005 Ron Paul 113:12
This escalation of conflict with Syria comes as a result of the U.N. report concerning Hariri’s death. When we need an excuse for our actions, it is always nice to rely on the organization our administration routinely condemns, one that brought us the multi- million-dollar oil-for-food scandal and the sexual crimes by U.N. representatives.
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We Have Been Warned
October 26, 2005 2005 Ron Paul 114:8
This escalation of conflict with Syria comes as a result of the UN report concerning the Hariri death. When we need an excuse for our actions, it’s always nice to rely on the organization that our administration routinely condemns, one that brought us the multi-billion dollar oil-for-food scandal and sexual crimes by UN representatives.
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Statement on So-Called "Deficit Reduction Act"
November 18, 2005 2005 Ron Paul 123:5
One provision of the bill that undeniably would have benefited the American people, the language opening up the ANWR region of Alaska and expanding offshore drilling, was removed from the bill. As my colleagues know, increased gas prices are a top concern of the American people. Expanding the supply of domestically produced oil is an obvious way to address these concerns, yet Congress refuses to take this reasonable step.
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The Blame Game
December 7, 2005 2005 Ron Paul 124:39
The Middle East is far more unstable, and oil supplies are less secure, not more;
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The Blame Game
December 7, 2005 2005 Ron Paul 124:40
Historic relics of civilization protected for thousands of years have been lost in a flash while oil wells were secured;
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Foreign Policy
17 December 2005 2005 Ron Paul 128:27
The Middle East is far more unstable, and oil supplies are less secure, not more. Historic relics of civilization protected for thousands of years were lost in the flash while oil wells were secured. U.S. credibility in the world has been severely damaged, and the national debt has increased enormously, and our dependence on China has increased significantly as our Federal Government borrows more and more money.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:23
Though the new policy was even more deeply flawed, it nevertheless opened the door for dollar hegemony to spread. Realizing the world was embarking on something new and mind- boggling, elite money managers with especially strong support from U.S. authorities struck an agreement with OPEC to price oil in U.S. dollars exclusively for all worldwide transactions.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:24
This gave the dollar a special place among world currencies, in essence backed the dollar with oil. In return, the U.S. promised to protect the various oil-rich kingdoms in the Persian Gulf against threat or invasion or domestic coup. This arrangement helped ignite the radical Islamic movement among those who resented our influence in the region.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:25
The arrangement gave the dollar artificial strength with tremendous financial benefits for the United States. It allowed us to export our monetary inflation by buying oil and other goods at a great discount as dollar influence flourished.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:26
This post-Bretton Woods system was much more fragile than the system that existed between 1945 and 1971. Though the dollar-oil arrangement was helpful, it was not nearly as stable as the pseudo-gold standard under Bretton Woods. It certainly was less stable than the gold standard of the late 19th century.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:27
During the 1970s, the dollar nearly collapsed as oil prices surged and gold skyrocketed to $800 an ounce. By 1979, interest rates of 21 percent were required to rescue the system. The pressure on the dollar in the 1970s, in spite of the benefits accrued to it, reflected reckless budget deficits and monetary inflation during the 1960s. The markets were not fooled by LBJ’s claim that we could afford both guns and butter.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:37
The agreement with OPEC in the 1970s to price oil in dollars has provided tremendous artificial strength to the dollar as the preeminent reserve currency. This has created a universal demand for the dollar and soaks up the huge number of new dollars generated each year. Last year alone, M3 increased by over $700 billion. The artificial demand for our dollar, along with our military might, places us in the unique position to “rule” the world without productive work or savings and without limits on consumer spending or deficits. The problem is it cannot last.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:41
In November, 2000, Saddam Hussein demanded euros for his oil. His arrogance was a threat to the dollar; his lack of any military might was never a threat. At the first Cabinet meeting with the new administration in 2001, as reported by Treasury Secretary Paul O’Neill, the major topic was how we could get rid of Saddam Hussein though there was no evidence whatsoever he posed a threat to us. This deep concern for Saddam Hussein surprised and shocked O’Neill.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:43
There was no public talk of removing Saddam Hussein because of his attack on the integrity of the dollar as a reserve currency by selling his oil in euros, yet many believe this was the reason for our obsession with Iraq. I doubt it was the only reason, but it may well have played a significant role in our motivation to wage war. Within a very short period after the military victory in Iraq, all Iraqi oil sales were carried out in dollars. The euro was immediately abandoned.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:44
In 2001, Venezuela’s ambassador to Russia spoke of Venezuela’s switching to the euro for all their oil sales. Within a year, there was a coup attempt against Chavez, reportedly with assistance from our CIA.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:46
It has become clear the U.S. administration was sympathetic to those who plotted the overthrow of Chavez and was embarrassed by its failure. The fact that Chavez was democratically elected had little influence on which side we supported. Now a new attempt is being made against the petrodollar system. Iran, another member of the “Axis of Evil,” has announced her plans to initiate an oil bourse in March of this year. Guess what? The oil sales will be priced in euros, not dollars.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:48
Recent threats over nuclear power, while ignoring the fact that they are surrounded by countries with nuclear weapons, does not seem to register with those who continue to provoke Iran. With what most Muslims perceive as our war against Islam and this recent history, there is little wonder why Iran might choose to harm America by undermining the dollar. Iran, like Iraq, has zero capability to attack us, but that did not stop us from turning Saddam Hussein into a modern-day Hitler ready to take over the world. Now Iran, especially since she has made plans for pricing oil in euros, has been on the receiving end of a propaganda war not unlike that waged against Iraq before our invasion.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:50
The dollar’s importance is obvious, but this does not diminish the influence of the distinct plans laid out years ago by the neoconservatives to remake the Middle East. Israel’s influence as well as that of the Christian Zionists likewise played a role in prosecuting this war. Protecting our oil supplies has influenced our Middle East policy for decades.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:52
For the most part, the true victims are not aware of how they pay the bills. The license to create money out of thin air allows the bills to be paid through price inflation. American citizens as well as average citizens of Japan and China and other countries suffer from price inflation, which represents the tax that pays the bills for our military adventures. That is, until the fraud is discovered and the foreign producers decide not to take dollars nor hold them very long in payment for those goods. Everything possible is done to prevent the fraud of the monetary system from being exposed to the masses who suffer from it. If oil markets replace dollars with euros, it would in time curtail our ability to continue to print, without restraint, the world’s reserve currency.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:54
The same thing will happen to us if we do not change our ways. Though we do not occupy foreign countries to directly plunder, we nevertheless have spread our troops across 130 nations of the world. Our intense effort to spread our power in the oil-rich Middle East is not a coincidence. But, unlike the old days, we do not declare direct ownership of the natural resources. We just insist that we can buy what we want and pay for it with our paper money. Any country that challenges our authority does so at great risk.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:61
But then again our failure to find Osama bin Laden and destroy his network did not dissuade us from taking on Iraqis in a war totally unrelated to 9/11. Concern for pricing oil only in dollars helps explain our willingness to drop everything and teach Saddam Hussein a lesson for his defiance in demanding euros for oil.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:62
Once again, there is the urgent call for sanctions and threats of force against Iran at the precise time Iran is opening a new oil exchange with all transactions in Euros.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:63
Using force to compel people to accept money without real value can only work for a short time. It ultimately leads to economic dislocation, both domestic and international, and always ends with a price to be paid. The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold or its equivalent for their oil rather than dollars or Euros. The sooner the better.
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The End Of Dollar Hegemony
15 February 2006 2006 Ron Paul 3:90
Think of how this undeclared war has contributed to our national deficit, undermined military preparedness, antagonized our allies, and exposed us to an even greater threat from those who resent our destructive occupation. Claiming we have no interest in the oil of the entire Middle East hardly helps our credibility throughout the world.
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Making The World Safe For Christianity
28 March 2006 2006 Ron Paul 19:11
When our bombs and sanctions kill hundreds of thousands of their citizens, they see it as an attack on their religion by Christians. To them our actions represent a crusade to change their culture and their political systems. They do not see us as having noble intentions. Cynicism and realism tell them that we are involved in the Middle East to secure the oil that we need.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:2
Indeed, no one can be absolutely certain why we invaded Iraq. The current excuse, also given for staying in Iraq, is to make it a democratic state friendly to the United States. There are now fewer denials that securing oil supplies played a significant role in our decision to go into Iraq and stay there. That certainly would explain why the U.S. taxpayers are paying such a price to build and maintain numerous, huge, permanent military bases in Iraq. There are also funding a new $1 billion embassy, the largest in the world.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:3
The significant question we must ask ourselves is, what have we learned from these 3 years in Iraq? With plans now being laid for regime change in Iran, it appears we have learned absolutely nothing. There still are plenty of administration officials who daily paint a rosy picture of the Iraq we have created. But I wonder, if the past 3 years were nothing more than a bad dream and our Nation suddenly awakened, how many would for national security reasons urge the same invasion? Or would we instead give a gigantic sigh of relief that it was only a bad dream, that we need not relive the 3- year nightmare of death, destruction, chaos and stupendous consumption of tax dollars? Conceivably, we would still see oil prices under $30 a barrel, and, most importantly, 20,000 severe U.S. casualties would not have occurred. My guess is 99 percent of all Americans would be thankful it was only a bad dream and would never support the invasion knowing what we know today.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:19
It is astonishing that after 3 years of bad results and tremendous expense there is little indication, we will reconsider our traditional non-interventionist foreign policy. Unfortunately, regime change, nation-building, policing the world, protecting our oil still constitutes an acceptable policy by the leaders of both major parties. It is already assumed by many in Washington I talk to that Iran is dead serious about obtaining a nuclear weapon and is a much more formidable opponent than Iraq. Besides, Mahmud Ahmadinejad threatened to destroy Israel, and that cannot stand. Washington sees Iran as a greater threat than Iraq ever was, a threat that cannot be ignored.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:20
Iran’s history is being ignored just as we ignored Iraq’s history. This ignorance or deliberate misrepresentation of our recent relationship to Iraq and Iran is required to generate the fervor needed to attack once again a country that poses no threat to us. Our policies toward Iran have been more provocative than those toward Iraq. Yes, President Bush labeled Iran part of the axis of evil and unnecessarily provoked their anger at us. But our mistakes with Iran started a long time before this President took office. In 1953, our CIA, with the help of the British, participated in overthrowing the democratic- elected leader, Mohammed Mossadegh. We placed in power the Shah. He ruled ruthlessly but protected our oil interests, and for that, we protected him. That is, until 1979. We even provided him with Iran’s first nuclear reactor.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:21
Evidently, we did not buy the argument that his oil supplies precluded a need for civilian nuclear energy. From 1953 to 1979, his authoritarian rule served to incite a radical opposition led by the Ayatollah Khomeini who overthrew the Shah and took our hostages in 1979. This blow-back event was slow in coming, but Muslims have long memories. The hostage crisis and overthrow of the Shah by the Ayatollah was a major victory for the radical Islamists. Most Americans either never knew about or easily forgot about our unwise meddling in the internal affairs in Iran in 1953.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:38
One of the reasons given for going into Iraq was to secure our oil supplies. This backfired badly. Production in Iraq is down 50 percent, and world oil prices have more than doubled to $60 per barrel. Meddling with Iran could easily have a similar result. We could see oil at $120 a barrel and gasoline at $6 a gallon. The obsession the neo-cons have with remaking the Middle East is hard to understand. One thing that is easy to understand is none of those who plan these wars expect to fight in them, nor do they expect their children to die in some IED explosion.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:58
Though many Americans are starting to feel the economic pain of paying for this war through inflation, the real pain has not yet arrived. We generally remain fat and happy with a system of money and borrowing that postpones the day of reckoning. Foreigners, in particular the Chinese and Japanese, gladly participate in the charade. We print the money and they take it, as do the OPEC Nations, and provide us with consumer goods and oil. Then they loan the money back to us at low interest rates, which we use to finance the war and our housing bubble and excessive consumption. This recycling and perpetual borrowing of inflated dollars allow us to avoid the pain of high taxes to pay for our war and welfare spending. It is fine until the music stops and the real costs are realized, with much higher interest rates and significant price inflation. That is when outrage will be heard and the people will realize we cannot afford the humanitarianism of the neo-conservatives.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:61
Economic interests almost always are major reasons for wars being fought. Noble and patriotic causes are easier to sell to a public who must pay and provide cannon fodder to defend the financial interests of a privileged class. The fact that Saddam Hussein demanded Euros for oil in an attempt to undermine the U.S. dollar is believed by many to be one of the ulterior motives for our invasion and occupation of Iraq. Similarly, the Iranian oil burse now about to open may be seen as a threat to those who depend on maintaining the current monetary system with the dollar as the world’s reserve currency.
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Iran, The Next Neocon Target
5 April 2006 2006 Ron Paul 21:62
The theory and significance of “peak oil” is believed to be an additional motivating factor for the United States and Great Britain wanting to maintain firm control over the oil supplies in the Middle East. The two nations have been protecting our oil interests in the Middle East for nearly 100 years. With diminishing supplies and expanding demands, the incentive to maintain a military presence in the Middle East is quite strong. Fear of China and Russia moving in to this region to consume more control alarms those who don’t understand how a free market can develop substitutes to replace diminishing resources. Supporters of the military efforts to maintain control over large regions of the world to protect oil fail to count the real cost of energy once the DOD budget is factored in. Remember, invading Iraq was costly and oil prices doubled. Confrontation in Iran may evolve differently, but we can be sure it will be costly and oil prices will rise significantly.
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Gold And The U.S. Dollar
25 April 2006 2006 Ron Paul 23:60
It is a mistake to blame high gasoline and oil prices on price gouging. If we impose new taxes or fix prices while ignoring monetary inflation, corporate subsidies and excessive regulations, shortages will result. The market is the only way to determine the best price for any commodity. The law of supply and demand cannot be repealed. The real problems arise when government planners give subsidies to energy companies and favor one form of energy over another.
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Gold And The U.S. Dollar
25 April 2006 2006 Ron Paul 23:61
Energy prices are rising for many reasons: inflation, increased demand from China and India, decreased supply resulting from our invasion into Iraq, anticipated disruption of supplies as we push regime change in Iran, regulatory restrictions on gasoline production, government interference in the free market development of alternative fuels, and subsidies to Big Oil, such as free leases and grants for research and development.
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Gold And The U.S. Dollar
25 April 2006 2006 Ron Paul 23:62
Interestingly, the cost of oil and gas is actually much higher than we pay at the retail level. Much of the DOD budget is spent protecting “our” oil supplies; and if such spending is factored in, gasoline probably costs us more than $5 a gallon. The sad irony is that the military efforts to secure cheap oil supplies inevitably backfire and actually curtail supplies and boost prices at the pump. The waste and fraud in issuing contracts to large corporations for work in Iraq only adds to price increases.
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Gold And The U.S. Dollar
25 April 2006 2006 Ron Paul 23:63
When problems arise under conditions that exist today, it is a serious error to blame the little bit of the free market that still functions. Last summer, the market worked efficiently after Katrina. Gasoline hit $3 a gallon, but soon supplies increased, usage went down, and the price returned to $2. In the 1980s, market forces took oil from $40 a barrel down to $10 a barrel, and no one cried for the oil companies that went bankrupt. Today’s increases are for the reasons mentioned above. It is natural for labor to seek its highest wage and businesses to strive for the greatest profits. That is the way the market works. When the free market is allowed to work, it is the consumer who ultimately determines price and quality, with labor and businesses accommodating consumer choices. Once this process is distorted by government, prices rise excessively, labor costs and profits are negatively affected, and problems emerge.
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Gold And The U.S. Dollar
25 April 2006 2006 Ron Paul 23:64
Instead of fixing the problem, politicians and demagogues respond by demanding windfall profits taxes and price controls, while never questioning how previous government interference caused the whole mess in the first place. Never let it be said that high oil prices and profits cause inflation. Inflation of the money supply causes higher prices.
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Gold And The U.S. Dollar
25 April 2006 2006 Ron Paul 23:67
A recent headline in the financial press announced that gold prices surged over concern that confrontation with Iran will further push oil prices higher. This may well reflect the current situation, but higher gold prices mainly reflect monetary expansion by the Federal Reserve. Dwelling on current events and their effect on gold prices reflects concern for symptoms rather than an understanding of the actual cause of these price increases. Without an enormous increase in the money supply over the past 35 years and a worldwide paper monetary system, this increase in the price of gold would not have occurred.
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Gold And The U.S. Dollar
25 April 2006 2006 Ron Paul 23:68
Certainly geopolitical events in the Middle East under a gold standard would not alter its price, though they could affect the supply of oil and cause oil prices to rise. Only under conditions created by excessive paper money would one expect all or most prices to rise. This is a mere reflection of the devaluation of the dollar.
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Gold And The U.S. Dollar
25 April 2006 2006 Ron Paul 23:88
If ever there was a time to get a handle on what sound money is and what it means, that time is today. Inflation, as exposed by high gold prices, transfers wealth from the middle class to the rich, as real wages decline while the salaries of CEOs, movie stars, and athletes skyrocket, along with the profits of the military industrial complex, the oil industry, and other special interests.
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What To Do About Soaring Oil Prices
2 May 2006 2006 Ron Paul 32:3
$100 rebate checks to American motorists will not cut it, nor will mandatory mileage requirements for new vehicles. Taxing oil profits will only force prices higher. But there are some very important things we can do immediately to help.
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What To Do About Soaring Oil Prices
2 May 2006 2006 Ron Paul 32:4
First, we must reassess our foreign policy and announce some changes. One of the reasons we went into Iraq was to secure our oil. Before the Iraq war, oil was less than $30 a barrel. Today it is over $70. The sooner we get out of Iraq and allow the Iraqis to solve their own problems the better. Since 2002, oil production in Iraq has dropped 50 percent. Pipeline sabotage and fires are routine, and we have been unable to prevent them. Soaring gasoline prices are a giant, unintended consequence of our invasion, pure and simple.
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What To Do About Soaring Oil Prices
2 May 2006 2006 Ron Paul 32:5
Second, we must end our obsession for a military confrontation with Iran. Iran does not have a nuclear weapon, and according to our own CIA is not on the verge of obtaining one for years. Iran is not in violation of the Nuclear Nonproliferation Treaty, and has a guaranteed right to enrich uranium for energy, in spite of the incessant government and media propaganda to the contrary. Iran has never been sanctioned by the U.N. Security Council, yet the drumbeat grows louder for attacking certain sites in Iran, either by conventional or even by nuclear means. Repeated resolutions by Congress stirs up unnecessary animosity toward Iran, and creates even more concern about future oil supplies from the Middle East.
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What To Do About Soaring Oil Prices
2 May 2006 2006 Ron Paul 32:6
We must quickly announce we do not seek war with Iran, remove the economic sanctions against her, and accept her offer to negotiate a diplomatic solution to the impacts. An attack on Iran, coupled with our continued presence in Iraq, could hike gas prices to $5 or $6 per gallon here at home. By contrast, a sensible approach to Iran could quickly lower oil prices by $20 a barrel.
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What To Do About Soaring Oil Prices
2 May 2006 2006 Ron Paul 32:10
Oil prices are at a level where consumers reduce consumption voluntarily. The market will work if we let it. But as great as the market economy is, it cannot overcome a foreign policy that is destined to disrupt oil supplies and threaten the world with an expanded and dangerous conflict in the Middle East.
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Why Are Americans So Angry?
June 29, 2006 2006 Ron Paul 52:58
We have provided a tremendous incentive for Russia and China, and others like Iran, to organize through the Shanghai Cooperation Organization. They entertain future challenges to our plans to dominate South East Asia, the Middle East, and all its oil.
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Noninterventionist Policy — Part 1
19 July 2006 2006 Ron Paul 61:10
And then there is the problem of unintended consequences. We went into Iraq for all kinds of reasons, some disproven, and all well intended, and who knows what the real motivations were. But one thing was that we would gain access to oil, and oil would be produced and would help pay the bills. Yet oil, when we went into Iraq was $28 a barrel. Now it is $75 a barrel. That is an unintended consequence.
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Whom to Blame
19 July 2006 2006 Ron Paul 66:29
And what does it do to the cost of oil? Inflation pushes the cost of oil up. That should be a concern to everybody. And at the same time, the production of the oil didn’t work. I mean, the oil production went down in Iraq.
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Whom to Blame
19 July 2006 2006 Ron Paul 66:30
What happens if this happens to be true? I actually pray that I am completely wrong about this. And you can say, well, you are, so don’t sweat it. But what if I am right? It is frightening, because if this leads to bombing in Iran, look for oil at $150 a barrel. Then the American people will wake up. They will say, hey, what’s going on here? Why is gasoline so expensive? It is expensive because we have less production out of Iraq, and it is expensive because the value of the dollar is going down. And it is expensive because they are anticipating that this crisis is not going away, and what we do are antagonizing the world.
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Tribute To UTMB
26 July 2006 2006 Ron Paul 71:5
While UTMB’s research program is impressive, many Texans primarily think of UTMB as a leading provider of quality health care. This is because UTMB offers services ranging from primary to specialized diagnostic care. Particularly impressive is UTMB’s pioneering telemedicine programs. For example, UTMB has recently begun a new telemedicine program to bring medical services to the residents of Jamaica Beach, Texas. UTMB has established telemedicine connections for special-needs children in east Texas, for workers on offshore oil rigs in the Gulf of Mexico, for employees of a Galveston-based insurance company, and for passengers of a cruise ship that will travel worldwide.
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Big-Government Solutions Don’t Work
7 september 2006 2006 Ron Paul 74:25
In the 1920s and the 1930s, Europe’s financial system collapsed and inflation raged. It was commonplace to blame the Jews. Today, in America the blame is spread out: illegal immigrants, Muslims, big business, whether they got special deals from the government or not, price gouging oil companies, regardless of the circumstances, and labor unions. Ignorance of economics and denial of the political power system that prevails in the District of Columbia makes it possible for Congress to shift the blame.
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Big-Government Solutions Don’t Work
7 september 2006 2006 Ron Paul 74:67
Yet, today, Iraq is infested with al Qaeda, achieving exactly the opposite of what we sought to do. We were told that we needed to secure our oil to protect our economy and to pay for our invasion and occupation. Instead, the opposite has resulted. Oil production is down. Oil prices are up, and no oil profits have been used to pay the bills. We were told that a regime change in Iraq would help us in our long-time fight with Iran, yet everything we have done in Iraq has served the interests of Iran.
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Big-Government Solutions Don’t Work
7 september 2006 2006 Ron Paul 74:76
We are looking in all of the wrong places for an Iraqi army to bring stability to that country. The people have spoken, and these troops that represent large segments of the population need no training. It is not a lack of training, weapons or money that hinders our efforts to create a new superior Iraqi military. It is the lack of inspiration and support for such an endeavor that is missing. Developing borders and separating the various factions, which our policy explicitly prohibits, is the basic flaw in our plan for a forced, unified Western-style democracy for Iraq. Allowing self-determination for different regions is the only way to erase the artificial nature of Iraq, an Iraq designed by Western outsiders nearly 80 years ago. It is our obsession with control of the oil in the region and imposing our will on the Middle East and accommodating the demands of Israel that is the problem. And the American people are finally getting sick and tired of all of their sacrifices. It is time to stop the bleeding.
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Milton Friedman
6 December 2006 2006 Ron Paul 100:29
Milton Friedman and I had our differences about foreign policy. I tried, in vain, to persuade him to be against the first Gulf war. Even there, though, he publicly supported, in an interview with the San Francisco Chronicle, my economic argument against the war. He stated, “Henderson’s analysis is correct. There is no justification for intervention on grounds of oil” (Jonathan Marshall, “Economists Say Iraq’s Threat to U.S. Oil Supply Is Exaggerated,” San Francisco Chronicle, Oct. 29, 1990.) Friedman did oppose the second Gulf war, as evidenced in an interview in the Wall Street Journal, in which he called it, correctly, “aggression.” (Tunku Varadarajan, “The Romance of Economics,” Wall Street Journal, July 22, 2006; page A10).
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Don’t Do It, Mr. President
6 February 2007 2007 Ron Paul 21:3
The plan defies common sense. If it is carried out, the Middle East and possibly the world will explode. Oil will soar to over $100 a barrel, and gasoline will be over $5 a gallon.
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Introduction Of The Industrial Hemp Farming Act
13 February 2007 2007 Ron Paul 25:6
In recent years, the hemp plant has been put to many popular uses in foods and in industry. Grocery stores sell hemp seeds and oil as well as food products containing oil and seeds from the hemp plant. Industrial hemp is also included in consumer products such as paper, cloths, cosmetics, and carpet. One of the more innovative recent uses of industrial hemp is in the door frames of about 1.5 million cars. Hemp has even been used in alternative automobile fuel.
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Statement On The Iraq War Resolution
14 February 2007 2007 Ron Paul 26:11
For all the misinformation given the American people to justify our invasion, such as our need for national security, enforcing U.N. resolutions, removing a dictator, establishing a democracy, protecting our oil, the argument has been reduced to this: If we leave now, Iraq will be left in a mess; implying the implausible, that if we stay, it won’t be a mess.
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Remembering The 1947 Texas City Disaster
29 March 2007 2007 Ron Paul 39:3
The destruction was not limited to Texas City. Windows rattled in Baytown, while a mist of black oil reigned in the city of Galveston. The tragedy and destruction did not end there. A miniature tidal wave resulted when the water from the bay, which had been driven out by the explosion, rushed in over the docks and rushed 150 feet inland, subsuming everything within its path. By nightfall, rescue workers were still searching for those trapped in the wreckage. But the devastation would continue.
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We Just Marched In (So We Can Just March Out)
17 April 2007 2007 Ron Paul 40:9
Once again, though everyone now accepts that the original justifications for invading Iraq were not legitimate, we are given excuses for not leaving. We flaunt our power by building permanent military bases and an enormous billion-dollar embassy, yet claim we have no plans to stay in Iraq permanently. Assurances that our presence in Iraq has nothing to do with oil are not believed in the Middle East. The argument for staying to prevent civil war and bring stability to the region logically falls on deaf ears.
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The Affordable Gas Price Act
21 May 2007 2007 Ron Paul 54:4
Instead of expanding government, Congress should repeal federal laws and polices that raise the price of gas, either directly through taxes or indirectly though regulations that. discourage the development of new fuel sources. This is why my legislation repeals the federal moratorium on offshore drilling and allows oil exploration in the ANWR reserve in Alaska. My bill also ensures that the National Environmental Policy Act’s environmental impact statement requirement will no longer be used as a tool to force refiners to waste valuable time and capital on nuisance litigation. The Affordable Gas Price Act also provides tax incentives to encourage investment in new refineries.
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The Affordable Gas Price Act
21 May 2007 2007 Ron Paul 54:5
Federal fuel taxes are a major part of gasoline’s cost. The Affordable Gas Price Act suspends the federal gasoline tax any time the average gas prices exceeds $3.00 per gallon. During the suspension, the federal government will have a legal responsibility to ensure the federal highway trust fund remains funded. My bill also raises the amount of mileage reimbursement not subject to taxes, and, during times of high oil prices, provides the same mileage reimbursement benefit to charity and medical organizations as provided to businesses.
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The Affordable Gas Price Act
21 May 2007 2007 Ron Paul 54:6
Misguided and outdated trade polices are also artificially raising the price of gas. For instance, even though Russia and Kazakhstan allow their citizens the right and opportunity to emigrate, they are still subject to Jackson- Vanik sanctions, even though Jackson-Vanik was a reaction to the Soviet Union’s highly restrictive emigration policy. Eliminating Jackson- Vanik’s threat of trade-restricting sanctions would increase the United States’ access to oil supplies from non-Arab countries. Thus, my bill terminates the application of title IV of the Trade Act of 1974 to Russia and Khazaskin, allowing Americans to enjoy the benefits of free trade with these oil-producing nations.
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The Affordable Gas Price Act
21 May 2007 2007 Ron Paul 54:7
Finally, the Affordable Gas Price Act creates a federal study on how the abandonment of the gold standard and the adoption of freely floating currencies are affecting the price of oil. It is no coincidence that oil prices first became an issue shortly after President Nixon unilaterally severed the dollar’s last connection to gold. The system of fiat money makes consumers vulnerable to inflation and to constant fluctuations in the prices of essential goods such as oil.
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Unanticipated Good results (When We leave)
6 June 2007 2007 Ron Paul 57:2
The growing demand by the American people for us to leave Iraq prompts the naysayers to predict disaster in the Middle East if we do. Of course, these merchants of fear are the same ones who predicted invading and occupying Iraq would be a slam-dunk operation, that we would be welcomed as liberators and oil revenues would pay the bills with minimum loss of American lives. All this hyperbole, while ignoring the precise warnings by our intelligence community of the great difficulties that would lie ahead.
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Unanticipated Good results (When We leave)
6 June 2007 2007 Ron Paul 57:15
We’re told we can’t let this happen or we’ll lose control of the oil and gasoline prices will soar — exactly what has happened with our invasion. And if the neo-conservatives have their way there will be an attack on Iran. If that occurs, then watch what happens to the price of oil.
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Unanticipated Good results (When We leave)
6 June 2007 2007 Ron Paul 57:16
No matter who ends up controlling the oil they will always have a need for western markets. Instead of oil prices soaring with our leaving, production may go up and prices fall A change in our foreign policy is overdue.
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Unanticipated Good Results (When We Leave)
7 June 2007 2007 Ron Paul 59:5
A changed policy in the region would greatly diffuse the boiling conflict now brewing with Iran. Just an announcement, if they believed us, of a move toward diplomacy and plans to move our troops and Navy out of this region may well lead to a sharp drop in oil prices.
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Darfur Accountability and Divestment Act
30 July 2007 2007 Ron Paul 77:4
This bill would fail in its aim of influencing the Government of the Sudan, and would likely result in the exact opposite of its intended effects. The regime in Khartoum would see no loss of oil revenues, and the civil conflict will eventually flare up again. The unintended consequences of this bill on American workers, investors, and companies need to be considered as well. Forcing American workers to divest from companies which may only be tangentially related to supporting the Sudanese government could have serious economic repercussions which need to be taken into account.
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Statement Before the Joint Economic Committee
8 November 2007 2007 Ron Paul 103:1
Mr. Chairman, our economy finds itself in a precarious state. Oil prices are rising, gold is nearing all-time highs, and the dollar is nearing all-time lows. The root of this crisis, as with past financial and economic crises, results from federal government intervention into the economy, not to anything endemic to the market, nor to the the actions of market participants.
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Foreign Government Investment in the U.S. Economy and Financial Sector
March 5, 2008 2008 Ron Paul 11:2
The two major types of sovereign wealth funds are those which are funded by proceeds from natural resources sales, and those funded by accumulation of foreign exchange. The former category includes sovereign wealth funds in Saudi Arabia, Kuwait, and the UAE. Flush with dollars due to the high price of oil, they are looking for opportunities to make that money work for them. The high price of oil is due in large part to our inflationary monetary policy. We have literally exported inflation across the globe, spurring malinvestment and a subsequent commodities boom.
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CONGRESS MUST ACT TO HELP SHRIMPERS
19 June 2008 2008 Ron Paul 36:2
Congress’s refusal to take any constructive action to address skyrocketing fuel costs has, in particular, hurt shrimpers. Some shrimpers are so desperate to lower their fuel costs that they are going to Mexico in search of affordable fuel. Think about this, Madam Speaker it is cheaper for shrimpers to travel to Mexico to buy gas than to obtain gas in the USA. Yet, Congress still refuses to take reasonable actions, such as expanding offshore drilling or repealing federal laws that delay the production of refineries, to expand oil supply and thus reduce the price of fuel.
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CONGRESS MUST ACT TO HELP SHRIMPERS
19 June 2008 2008 Ron Paul 36:7
Madam Speaker, it is still not too late or Congress to help the shrimp industry. Congress should immediately end subsidies to American shrimpers’ foreign competitors, place a moratorium on harmful regulations imposed on the shrimp industry, and take action to reduce fuel prices by expanding the supply of oil. I urge my colleagues to join me in working to fix the misguided government policies that are harming America shrimpers.
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DO NOT BELIEVE THE U.S. FEAR FACTOR PROPAGANDA AS IT RELATES TO OUR FOREIGN POLICY
26 June 2008 2008 Ron Paul 40:1
Mr. PAUL. Madam Speaker, today we saw some financial fireworks on the markets. The Dow Jones average was down 350-some points, gold was up $32, oil was up another $5, and there’s a lot of chaos out there; and everyone is worried about $4-a-gallon gasoline. I don’t think there is a clear understanding exactly why that has occurred.
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DO NOT BELIEVE THE U.S. FEAR FACTOR PROPAGANDA AS IT RELATES TO OUR FOREIGN POLICY
26 June 2008 2008 Ron Paul 40:2
We do know that there is a supply and demand, there’s a lot of demand for oil. The supplies may be dwindling. But there are other reasons for high costs of energy. One is inflation. For instance, to pay for the war that has been going on and the domestic spending, we have been spending a lot more money than we have. So what do we do? We send the bills over to the Federal Reserve to create new money. In the last 3 years, our government, through the Federal Reserve and our banking system, created $4 trillion of new money. That is one of the main reasons why we have this high cost of energy in $4 gallon gasoline.
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Full Committee Hearing on “Implications of a Weaker Dollar for Oil Prices and the U.S. Economy”
July 24, 2008 2008 Ron Paul 50:2
The root of our current economic malaise, the weak dollar, the high price of oil, and the collapse of the housing market, comes about because almost no one understands what inflation is. Inflation is an increase in the money supply, which occurs by various methods, the printing of currency, low reserve requirements, Federal Reserve open market operations, etc.
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Full Committee Hearing on “Implications of a Weaker Dollar for Oil Prices and the U.S. Economy”
July 24, 2008 2008 Ron Paul 50:4
Because no one understands that inflation is growth in the monetary supply, no one is able to combat it effectively. We hear all sorts of hand-wringing about increasing inflation, and all sorts of explanations about how rising oil and food prices will make inflation worse. At the same time, the fact that MZM, the closest approximation to total money supply that still is reported by the Fed, is still rising by almost 15% per year and that M2 is rising significantly as well is quietly ignored. The pundits have causation backwards, it is inflation that leads to rising prices of oil and food, and not vice versa.
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Full Committee Hearing on “Implications of a Weaker Dollar for Oil Prices and the U.S. Economy”
July 24, 2008 2008 Ron Paul 50:6
As Chairman Bernanke admitted last week, inflation is a tax, and it is the most pernicious because of its hidden nature. It taxes the very purchasing power of money, and because the inflation rate in recent years has generally been low, its effects often take a while to manifest themselves. Now that inflation is beginning to rise, more and more rhetoric is being spun to hide the government’s role in creating inflation. I applaud Chairman Frank for holding this hearing, as hearings such as this one investigating the link between the weak dollar and the high price of oil are more important now than ever.
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INDUSTRIAL HEMP FARMING ACT
April 2, 2009 2009 Ron Paul 44:6
In recent years, the hemp plant has been put to many popular uses in foods and in industry. Grocery stores sell hemp seeds and oil as well as food products containing oil and seeds from the hemp plant. Industrial hemp is also included in consumer products such as paper, cloths, cosmetics, and carpet. One of the more innovative recent uses of industrial hemp is in the door frames of about 1.5 million cars. Hemp has even been used in alternative automobile fuel.
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INTRODUCTION OF THE AFFORDABLE GAS PRICE ACT
May 21, 2009 2009 Ron Paul 60:4
Instead of expanding government, Congress should repeal Federal laws and polices that raise the price of gas, either directly through taxes or indirectly though regulations that discourage the development of new fuel sources. This is why my legislation repeals the Federal moratorium on offshore drilling and allows oil exploration in the ANWR reserve in Alaska. My bill also ensures that the National Environmental Policy Act’s environmental impact statement requirement will no longer be used as a tool to force refiners to waste valuable time and capital on nuisance litigation. The Affordable Gas Price Act also provides tax incentives to encourage investment in new refineries.
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INTRODUCTION OF THE AFFORDABLE GAS PRICE ACT
May 21, 2009 2009 Ron Paul 60:5
Federal fuel taxes are a major part of gasoline’s cost. The Affordable Gas Price Act suspends the Federal gasoline tax any time the average gas prices exceeds $3.00 per gallon. During the suspension, the Federal Government will have a legal responsibility to ensure the Federal highway trust fund remains funded. My bill also raises the amount of mileage reimbursement not subject to taxes, and, during times of high oil prices, provides the same mileage reimbursement benefit to charity and medical organizations as provided to businesses.
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INTRODUCTION OF THE AFFORDABLE GAS PRICE ACT
May 21, 2009 2009 Ron Paul 60:6
Misguided and outdated trade polices are also artificially raising the price of gas. For instance, even though Russia and Kazakhstan allow their citizens the right and opportunity to emigrate, they are still subject to Jackson- Vanik sanctions, even though Jackson-Vanik was a reaction to the Soviet Union’s highly restrictive emigration policy. Eliminating Jackson- Vankik’s threat of trade-restricting sanctions would increase the United States’ access to oil supplies from non-Arab countries. Thus, my bill terminates the application of title IV of the Trade Act of 1974 to Russia and Khazaskin, allowing Americans to enjoy the benefits of free trade with these oil-producing nations.
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INTRODUCTION OF THE AFFORDABLE GAS PRICE ACT
May 21, 2009 2009 Ron Paul 60:7
Finally, the Affordable Gas Price Act creates a Federal study on how the abandonment of the gold standard and the adoption of freely floating currencies are affecting the price of oil. It is no coincidence that oil prices first became an issue shortly after President Nixon unilaterally severed the dollar’s last connection to gold. The system of fiat money makes consumers vulnerable to inflation and to constant fluctuations in the prices of essential goods such as oil.
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GLOBAL WARMING PETITION SIGNED BY 31,478 SCIENTISTS
June 4, 2009 2009 Ron Paul 64:8
“The United States is very close to adopting an international agreement that would ration the use of energy and of technologies that depend upon coal, oil, and natural gas and some other organic compounds.
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Sanctions on Iran, Part 1
December 15, 2009 2009 Ron Paul 104:2
In the late 1930s and the early 1940s the American people did not want to go into war, but there were some that were maneuvering us into war, and they used the argument that you needed an event. So, in June of 1941, sanctions were put against Japan, incidentally and ironically, to prohibit oil products from going into Japan. Within 6 months there was the bombing of Pearl Harbor. And there is now talk, there’s been talk in the media, and we’ve heard about it, we need to bomb Iran. And that’s what the people hear.
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Sanctions on Iran, Part 1
December 15, 2009 2009 Ron Paul 104:8
I want to read number 5 in the bill, that particular item, because it makes my case, rather than making the case for those who want these sanctions. I think this literally makes my case. Number 5 says, on October 7, 2008, then- Senator Obama stated Iran right now imports gasoline, even though it’s an oil producer, because its oil infrastructure has broken down. If we can prevent them from importing the gasoline that they need and the refined petroleum products, that starts changing their cost-benefit analysis, that starts putting the squeeze on them. The squeeze on whom? On the people.
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Sanctions on Iran, Part 2
December 15, 2009 2009 Ron Paul 105:7
It’s going to serve the interest of one country mostly, and that’s China. China acts only almost like capitalists. They take our dollars they have earned from us and they are spending the dollars over there. They would like to buy the oil, refine the oil, and drill the oil. But here, we assume that we have to do it through force, through sanctions, threats, intimidation, and secret maneuvers to overthrow their regime. It just doesn’t work. It sounds good. It sounds easy, but it does backfire on us. You get too many unintended consequences.
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Sanctions on Iran, Part 3
December 15, 2009 2009 Ron Paul 106:9
Recently, the Financial Times reported that, “[i]n recent months, Chinese companies have greatly expanded their presence in Iran’s oil sector. In the coming months, Sinopec, the state-owned Chinese oil company, is scheduled to complete the expansion of the Tabriz and Shazand refineries – adding 3.3 million gallons of gasoline per day.”
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- Neutrality and dialogue, not intervention, will secure peace
24 November 1997 Texas Straight Talk 24 November 1997 verse 7 ... Cached
There is no direct national security interests for us to be in Iraq. We are not the policeman of the world, we can't afford it, and our interventionist efforts usually backfire. Our policy in this region has been designed more to promote the United Nations than to deal with any threat to our national security. Control of the region's huge oil reserves is a much more important factor than U.S. security.
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- Neutrality and dialogue, not intervention, will secure peace
24 November 1997 Texas Straight Talk 24 November 1997 verse 13 ... Cached
Our foreign policy is without sense or reason. We subsidize China to the tune of many billions of dollars, although their record on human rights is every bit as bad as Iraq. Not only that, but China probably represents the greatest threat to world peace of all the countries in the world. Further, we are currently bailing-out Indonesia, although it too, violates the civil liberties of their own people. The U.S. criticizes Iraq for the treatment of the Kurds; yet Turkey's policy is the same and we reward them with more American dollars. Kuwait and Saudi Arabia have hardly been champions of civil liberties for minority religious groups or women, and yet we sacrificed American lives for them. The determining factor in all this seems to be who's controlling the oil. Human rights issues and provoked threats from Hussein seem to be nothing more than propaganda tools for the politicians.
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- Neutrality and dialogue, not intervention, will secure peace
24 November 1997 Texas Straight Talk 24 November 1997 verse 15 ... Cached
Policy toward Iraq is based on the special interests of powerful financial and oil interests. It is not designed to protect U.S. national security. It is instead a threat to our security because it may lead to war and loss of American lives, increase terrorism and certainly an additional expense for the US taxpayer. The hyped rhetoric coming from Washington which describes Hussein as the only evil monster with which we must deal in the world is a poor substitute for wise counsel.
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- President opts to use taxpayer fund to bailout wealthy investors
29 December 1997 Texas Straight Talk 29 December 1997 verse 8 ... Cached
But the stage was set for this kind of bail-out funding several years ago, during the so-called "Mexican Peso Crises." Then, the US raided the Stabilization fund to pay-off another bad set of investments in a risky foreign economy. At least then the US was given collateral for the loan in the form of oil production revenues.
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"Wagging" imperialism as bad as the Dog
24 August 1998 Texas Straight Talk 24 August 1998 verse 13 ... Cached
Our current policy in the Middle East is indeed a threat to our security, for it puts more Americans in increased danger. Protecting our so-called interests, i.e., controlling Arab oil, is not worth the danger of giving the Islamic extremist the ammunition and the incentive to unite an entire region -- a region which quite possibly has access to nuclear weapons -- against all American citizens around the world.
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Schizophrenic foreign policy leads to problems
23 November 1998 Texas Straight Talk 23 November 1998 verse 7 ... Cached
We must either be engaged in a purely schizophrenic foreign policy, or we must admit to there being such a thing as "good thugs versus bad thugs." Or, we have to say our policies are driven by the commercial interests of big business (to "protect" the availability of foreign oil, in the case of Iraq). It is hard to decide which of the three could be worse.
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CARA: Environmental Protection or Destruction?
05 June 2000 Texas Straight Talk 05 June 2000 verse 6 ... Cached
In the CARA legislation, some non-tax revenues, such as those from oil drilling leases, would be used to mitigate problems resulting from the drilling. However, areas without any such damages were still expressly earmarked for pork-barrel spending projects.
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High Taxes Cause High Gas Prices
17 July 2000 Texas Straight Talk 17 July 2000 verse 4 ... Cached
Consumers throughout the 14th district of Texas and Americans everywhere have felt the impact of higher gasoline prices during the past year. In response, our government officials have offered up the usual "solution": greater regulation of the oil industry. Administration officials have ordered an FTC antitrust probe, while vote-seeking politicians have condemned the oil industry and called for an investigation into collusion and price gouging. The truth is that costly federal taxes and regulations largely are to blame for high fuel prices, not convenient scapegoats like OPEC and the oil companies. I co-sponsored legislation in March that would immediately address the real problem: exorbitant gas taxes.
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High Taxes Cause High Gas Prices
17 July 2000 Texas Straight Talk 17 July 2000 verse 5 ... Cached
The obvious way to reduce the price that consumers pay for gasoline is to reduce fuel taxes. Federal taxes account for nearly 20 cents per gallon of gasoline sold. State and local taxes bring the total to 42 cents per gallon. Thus, while the cost of crude oil is roughly 70 cents per gallon (based on the current cost of $30 per barrel for OPEC crude oil), the "cost of politicians" is 42 cents! In fact, over 43 different taxes are imposed on the production and distribution of gasoline by various levels of government. The pre-tax price of a gallon of gasoline barely has changed in the last decade, hovering around 88 cents throughout the 1990s. The real increase has been in various taxes: in 1990 consumers spent only 27 cents per gallon in taxes (as opposed to 42 cents today). At the same time, EPA regulations (such as those requiring new reformulated gasoline) add significantly to the cost of fuel production. Analysts estimate consumers would save a whopping $67 billion in one year if gas taxes were eliminated. Clearly, we need to end the smokescreen and stop blaming oil companies for high prices that have been caused almost entirely by huge increases in fuel taxes.
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High Taxes Cause High Gas Prices
17 July 2000 Texas Straight Talk 17 July 2000 verse 8 ... Cached
Of course, eliminating gas taxes will not eliminate all fluctuations in gas prices. Some fluctuation occurs as the normal result of supply and demand forces in the market. Americans can take partial responsibility for their gas bills by driving fuel-efficient automobiles. Also, we should be willing to explore new domestic oil sources to reduce our need to buy oil abroad. However, politicians should be held accountable for true cause of high gas prices: massive increases in federal gas taxes.
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The Danger of Military Foreign Aid to Colombia
11 September 2000 Texas Straight Talk 11 September 2000 verse 5 ... Cached
In recent months, we have seen increased killing in Colombia relating to its upcoming elections. As the U.S. steps up its drug interdiction, some drug cartels simply have begun to move their capital elsewhere, including Miami, according to newspaper reports. In the U.S., certain special interest groups such as helicopter manufacturers and big oil companies (who want protection for their oil interests in the region) have been supporting the administration through their lobbyists.
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Our Foolish War in the Middle East
20 November 2000 Texas Straight Talk 20 November 2000 verse 3 ... Cached
The West has been at war with the Muslim world for over a thousand years. Following the British lead from the first half of this century, the United States has attempted to dominate the Middle East since World War II. The U.S. government has not hesitated to use its military might in the region, justifying its actions by claiming a right and need to protect "our" oil.
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Our Foolish War in the Middle East
20 November 2000 Texas Straight Talk 20 November 2000 verse 5 ... Cached
It is clear that we are not in the Middle East for national security reasons, but rather to protect powerful commercial interests. This assures we protect oil supplies for the West, and provides us with an excuse to keep the military industrial complex active.
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Our Foolish War in the Middle East
20 November 2000 Texas Straight Talk 20 November 2000 verse 6 ... Cached
To put this in a proper perspective, consider how Americans, especially Texans, would feel if the Gulf of Mexico were patrolled by warships of a foreign power. What if that same power proceeded to build air bases in Texas and Florida with our government's complicity to protect "their" oil? Imagine the rightful anger this would spark among most Americans! This anger would be directed at both the foreign occupiers of our territorial waters, and our own government for permitting it. Yet this is exactly what has been happening in the Persian Gulf region. For religious, historic, and sovereignty reasons, the Muslim people harbor great resentment toward us.
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Our Foolish War in the Middle East
20 November 2000 Texas Straight Talk 20 November 2000 verse 8 ... Cached
Our policy in the Middle East cannot possibly be successful. It's obvious there will be an inevitable conflict between our support for the moderate Arabs- which antagonizes the Islamic fundamentalists in the region- and our special treatment for Israel. It is clear that powerful financial interests in this country want to use our military force to protect their commercial and oil interests in the region, while at the same time there always will be powerful U.S. political support for the State of Israel. The two sides never will be reconciled by our attempt to support both.
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End Trade Sanctions that Hurt Texas Farmers
25 June 2001 Texas Straight Talk 25 June 2001 verse 6 ... Cached
Still, support for sanctions continues in Congress. The House International Relations committee last week considered legislation that will extend existing economic sanctions against Iran and Libya for another 5 years. While I certainly oppose this legislation, I did agree with the President that we should at least limit the time period to 2 years, so that Congress could reassess the policy sooner. I introduced an amendment to this effect, but the majority of committee members voted to continue "punishing" Iran and Libya for 5 years; presumably some members would agree to maintain sanctions indefinitely. Interestingly, the bill focuses on preventing oil exploration and development in the region, even when new sources of oil are sorely needed to reduce prices at the pump for American consumers.
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What Should Government Do for the Airlines?
24 September 2001 Texas Straight Talk 24 September 2001 verse 9 ... Cached
Congress also should consider privatizing more aspects of airline and airport security. Many security-intensive private industries do an excellent job of maintaining safety without depending on federal agencies. Nuclear power plants, chemical plants, oil refineries, and armored money transport companies all employ private security forces that operate very effectively. No government agency will ever care about the bottom-line security and profitability of the airlines more than the airlines themselves.
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The Feds at the Airport
19 November 2001 Texas Straight Talk 19 November 2001 verse 6 ... Cached
Congress should be privatizing rather than nationalizing airport security. The free market can and does produce excellent security in many industries (including most European airports). Many security-intensive industries do an outstanding job of maintaining safety without depending on federal agencies. Nuclear power plants, chemical plants, oil refineries, and armored money transport companies all employ private security forces that operate very effectively. No government agency will ever care about the bottom-line security and profitability of the airlines more than the airlines themselves. Airlines cannot make money if travelers and flight crews are afraid to fly, and in a free market they would drastically change security measures to prevent future tragedies. In the current regulatory environment, however, the airlines prefer to relinquish all responsibility for security to the government, so that they cannot be held accountable for lapses in the future.
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Before We Bomb Baghdad...
04 March 2002 Texas Straight Talk 04 March 2002 verse 7 ... Cached
Constitutional questions aside, we have to ask ourselves quite simply whether it serves any national interest to invade Iraq. So often we lose sight of the true purpose of our military, which is to defend our borders against attack. Remember, Iraq has not initiated aggression against us. We, on the other hand, have bombed them, taunted them by flying military jets in their airspace, and starved them with economic sanctions- all for more than a decade. We haven't done these things out of humanitarian concern for Kuwait, we've done them because we want to protect our oil interests. Yet these actions have harmed the people of Iraq, not the Hussein regime. If anything, our policies serve to generate support for Hussein, who uses American aggression as a convenient scapegoat to deflect attention from his own oppression. Sadly, we've made him a martyr in Iraq and much of the wider Muslim world, alienating many otherwise pro-Western Iraqi moderates in the process. I question the wisdom, and the necessity, of once again traveling 6000 miles to pick a fight with a third-world Muslim nation that is simply not threatening us.
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Predictions for an Unwritten Future
29 April 2002 Texas Straight Talk 29 April 2002 verse 10 ... Cached
In time, an oil boycott will be imposed- with oil prices soaring to historic highs.
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Securing the Homeland?
08 July 2002 Texas Straight Talk 08 July 2002 verse 8 ... Cached
Evidence that Saudi Arabia fosters and promotes terrorism is overwhelming. The majority of al-Qaeda members are Saudis, as were most of the September 11th hijackers. Indeed, most of the prisoners being held in Guantanamo hold Saudi passports. This is hardly surprising, as the nation is home to the radical Islamic Wahabbi sect- a sect that calls for the wholesale destruction of America and the West. The Saudi government clearly has played a role in incubating and spreading radical anti-Americanism throughout the Middle East, yet the administration continues to treat the Saudis as allies, largely because of our oil dependency. Congress should demand an end to this hypocrisy, and the administration should demand that Saudi Arabia stop harboring our enemies while claiming to be our friend.
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The Case against War in Iraq
09 September 2002 Texas Straight Talk 09 September 2002 verse 5 ... Cached
There are economic reasons to avoid this war. We can do serious damage to our already faltering economy. An invasion of Iraq may well cost over a hundred billion dollars, especially when we cannot know the outcome or duration of the conflict. Our national debt is increasing at a rate of over $450 billion yearly, yet we are talking about spending a hundred billion dollars pursuing another nation-building adventure in Iraq. What will happen to the economy if oil skyrockets to $30 a barrel and lines form at gas stations? Will the current recession deepen? What will happen to the deficit? We must not kid ourselves about the economic ramifications.
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Our Incoherent Foreign Policy Fuels Middle East Turmoil
02 December 2002 Texas Straight Talk 02 December 2002 verse 5 ... Cached
The tired assertion that America "supports democracy" in the Middle East is increasingly transparent. It was false 50 years ago, when we supported and funded the hated Shah of Iran to prevent nationalization of Iranian oil, and it’s false today when we back an unelected military dictator in Pakistan- just to name two examples. If honest popular elections were held throughout the Middle East tomorrow, the people in most countries would elect religious fundamentalist leaders hostile to the United States. Cliche or not, the Arab Street really doesn’t like America, so we should stop the charade about democracy and start pursuing a coherent foreign policy that serves America’s long-term interests.
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Our Incoherent Foreign Policy Fuels Middle East Turmoil
02 December 2002 Texas Straight Talk 02 December 2002 verse 6 ... Cached
A coherent foreign policy is based on the understanding that America is best served by not interfering in the deadly conflicts that define the Middle East. Yes, we need Middle Eastern oil, but we can reduce our need by exploring domestic sources. We should rid ourselves of the notion that we are at the mercy of the oil-producing countries- as the world’s largest oil consumer, their wealth depends on our business. We can and should remove our troops from the region quickly, before any more American lives are lost. We should stop the endless game of playing faction against faction, and recognize that buying allies doesn’t work. We should curtail the heavy militarization of the area by ending our disastrous foreign aid payments. We should stop propping up dictators and putting band-aids on festering problems. We should understand that our political and military involvement in the region creates far more problems that it solves. All Americans will benefit, both in terms of their safety and their pocketbooks, if we pursue a coherent, neutral foreign policy of non-interventionism, free trade, and self-determination in the Middle East.
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The Myth of War Prosperity
10 March 2003 Texas Straight Talk 10 March 2003 verse 5 ... Cached
Inflation is certain during wartime, as the Treasury prints more money to fund military expenses. Our dollar will become weaker against other currencies because of the uncertainty caused by turmoil in the Middle East. Control of Iraqi oil wells, which is often cited as an economic windfall from the war, is not guaranteed and might not happen quickly. Oil prices almost certainly will skyrocket and will remain inflated after the war, especially given the deteriorating buying power of our own dollars.
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Your Money in Iraq
29 September 2003 Texas Straight Talk 29 September 2003 verse 8 ... Cached
-$900 million for imported kerosene and diesel, even though Iraq has huge oil reserves;
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Your Money in Iraq
29 September 2003 Texas Straight Talk 29 September 2003 verse 16 ... Cached
Criticism of this foreign aid spending in Iraq is not restricted to the political left. Conservative groups and politicians are increasingly angry at the administration’s exorbitant spending. For example, Congressman Zach Wamp of Tennessee sits on the Appropriations committee, which is responsible for all spending bills. He has a modest idea: insist the reconstruction money be paid back as a loan when Iraq’s huge oil reserves resume operation. Similarly, Congressman Jeff Flake of Arizona wants to offset every dollar spent reconstructing Iraq with spending cuts in others areas, especially given the amount of wasteful pork in the federal budget. But the White House is adamantly opposed to both ideas. Why is a supposedly conservative administration resisting even the slightest attempts at fiscal restraint?
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$20 Billion Giveaway Unjustified
20 October 2003 Texas Straight Talk 20 October 2003 verse 4 ... Cached
Second, every attempt to make portions of the $87 billion a loan was defeated. Several House members argued that providing money for American troops is one thing, a naked foreign aid giveaway another. After all, Iraq has trillions of dollars worth of oil reserves. Why should future generations of Americans, rather than future generations of Iraqis, pay the bills for creating a new Iraq? If we really believe we have liberated the Iraqis, surely they should be asked to repay some of the financial costs. Yet both the House leadership and the administration vehemently insisted that the full amount be provided as a gift, courtesy of U.S. taxpayers.
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TSA- Bullies at the Airport
29 November 2004 Texas Straight Talk 29 November 2004 verse 8 ... Cached
Airlines should be using every last ounce of their lobbying and public relations power to stop TSA from harassing, delaying, humiliating, and otherwise mistreating their paying passengers. They should be protecting their employees, passengers, and aircraft using private security and guns in the cockpit. After all, who has more incentive to create safe skies than the airlines themselves? Many security-intensive industries, including nuclear power plants, oil refineries, and armored money transports, employ private security forces with excellent results. Yet the airlines prefer to relinquish all responsibility for security to the government, so they cannot be held accountable if another disaster occurs. But airlines are finding out the hard way that millions of Americans simply won't put up with TSA's abuse. Wealthy Americans are using private planes via increasingly popular fractional ownership plans, while ordinary Americans are choosing to drive to their destinations and vacation closer to home. Even business travelers are finding ways to consolidate trips and teleconference. Who can blame anyone for avoiding airports altogether?
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Another UN Insult
03 January 2005 Texas Straight Talk 03 January 2005 verse 5 ... Cached
The oil-for-food scandal brewing in the United Nations also has provoked long-overdue denunciations of the organization from several pundits and politicians on the right. Of course most of you didn’t need a scandal to convince you that the UN is anti-American, or that it egregiously wastes our tax dollars. I’m glad more Republicans are finally catching on to what many Constitutionalists, libertarians, Birchers, Goldwaterites, and religious conservatives have been saying for decades: we should get out of the UN, and get the UN out of America. I certainly agree with these newly minted critics, having advocated getting out for twenty-five years. This growing anti-UN sentiment provides an opportunity to make a larger point, namely that participation in the organization is fundamentally incompatible with American sovereignty and the Constitution.
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Private Help for Tsunami Victims
10 January 2005 Texas Straight Talk 10 January 2005 verse 4 ... Cached
The original coalition of donor governments has been disbanded, meaning the United Nations will control all government-funded relief efforts going forward. Surely the oil-for-food scandal demonstrates that UN officials are the worst possible stewards of the tsunami relief funds, yet that’s precisely who will be overseeing the expenditure of our $350 million. Bush administration officials have promised to keep a tight watch over how those tax dollars are spent, but the truth is that we cannot control this money once it’s sent overseas for UN administration.
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UN Scandals Are Not the Issue
17 January 2005 Texas Straight Talk 17 January 2005 verse 3 ... Cached
Two weeks ago I discussed the growing sentiment among conservatives in America that we should consider getting out of the United Nations. Much of this sentiment has been generated by the oil-for-food scandal, but this strikes me as misguided. Sovereignty is the issue, not scandals, and many newly-minted critics of the UN were happy to support the organization when it did our foreign policy bidding.
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UN Scandals Are Not the Issue
17 January 2005 Texas Straight Talk 17 January 2005 verse 4 ... Cached
Why in the world are we surprised by this oil-for-food scandal? Power without accountability naturally leads to corruption, and the UN is nothing if not unaccountable. Just as Washington politicians are too far removed from the Americans they purport to represent, UN bureaucrats are utterly distanced from the “world citizens” they wish to govern. The UN is nascent global government, no matter what its supporters claim-- it attempts to issue legally binding decrees. Centralized, faraway government is always less accountable than localized government. The average American has no say whatsoever over what happens at the UN, even though he’s forced to pay taxes to support it. Given the reality that UN bureaucrats operate totally outside the bounds of any national laws or oversight, we hardly should be surprised when the organization becomes arrogant, corrupt, and mismanaged.
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Where is Your Money Going?
21 March 2005 Texas Straight Talk 21 March 2005 verse 5 ... Cached
Remember the optimistic claims about how the Iraq war would pay for itself? The liberated Iraqis would exploit the country’s oil resources and gratefully write a check to Uncle Sam, so the story went. Yet we don’t hear much about repayment from the Iraqis these days. American taxpayers already have spent over $200 billion in Iraq, and now Congress is digging us deeper into debt with the supplemental bill.
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Gas, Taxes, and Middle East Policy
05 September 2005 Texas Straight Talk 05 September 2005 verse 3 ... Cached
My constituents in the Texas gulf coast are very concerned about the price of gasoline, especially in the wake of Hurricane Katrina. Katrina has left nine gulf coast refineries inoperable, and reduced capacity at four. This will mean the loss of 20 to 40 million barrels of oil in coming months, and prices at the pump well over $3.
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Gas, Taxes, and Middle East Policy
05 September 2005 Texas Straight Talk 05 September 2005 verse 5 ... Cached
Many people are upset with oil companies, which is understandable given the frustrations of steadily rising gas prices. But the fundamental problem is not a lack of regulation or price gouging, but rather the lack of price competition between oil companies. The maze of regulatory and environmental rules makes it nearly impossible for would-be competitors to explore new domestic sources of oil or build new refineries. When was the last time you heard of a new start-up oil company? This is because of too much government regulation, not too little. History proves time and time again that the best way to provide any good is too allow markets to operate freely.
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Gas, Taxes, and Middle East Policy
05 September 2005 Texas Straight Talk 05 September 2005 verse 6 ... Cached
The bulk of our refining capacity is concentrated along the gulf coast, leaving the nation’s gas supply vulnerable to annual hurricanes. Without new oil exploration and new refineries, our domestic capacity is fixed. As demand rises with the growth of the U.S. population, we find ourselves increasingly dependent on oil-rich nations-- many of which have questionable governments. With worldwide demand for oil increasing, and our domestic supply fixed, we face a new era. We must increase domestic production, pure and simple. We cannot afford to be held hostage by unrealistic environmental rules that threaten to strangle our economy. Existing refineries cannot carry the nation if we hope to maintain reasonable gas prices.
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Gas, Taxes, and Middle East Policy
05 September 2005 Texas Straight Talk 05 September 2005 verse 7 ... Cached
Turmoil in the Middle East demonstrates that we cannot depend on OPEC nations to make up for our lack of domestic production. As recently as 2002, before we went into Iraq, oil cost less than $20 per barrel. Now it’s nearly $70 per barrel. Before the war, many predicted that a renewed flow of cheap Iraqi oil would benefit American consumers. The opposite has taken place. Iraqi oil production has come to a halt, and OPEC prices have risen steadily over the last few years.
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Gas, Taxes, and Middle East Policy
05 September 2005 Texas Straight Talk 05 September 2005 verse 8 ... Cached
Consider this: Iraqis can buy gas for as little as five cents per gallon, courtesy of American taxpayers! We’re talking about imported refined gas, because Iraqi refineries are not operating. Iraqi officials, using American tax dollars, buy this fuel from the Saudis or other OPEC nations at market rates. This subsidy to Iraq cost us nearly $3 billion in 2004 alone. What kind of foreign policy justifies using your tax dollars to subsidize gas prices in an oil-rich nation, while prices skyrocket in the U.S.? We must change our priorities and focus our resources on the American people. We cannot count on using military or political influence in the Middle East to keep gas prices low.
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Gas, Taxes, and Middle East Policy
05 September 2005 Texas Straight Talk 05 September 2005 verse 9 ... Cached
It is easy to call for drastic government action in the emotional aftermath of Hurricane Katrina, but we must not ignore history, logic, and basic economics. The Nixon administration imposed price controls on gasoline, but the result was shortages and long lines at the pump. The price mechanism is necessary to create an incentive for oil companies to increase the amount of refined gasoline available. Price controls also discourage the development of alternative fuels. When President Reagan later lifted price controls, worldwide oil production increased dramatically and gas prices plummeted.
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Gas, Taxes, and Middle East Policy
05 September 2005 Texas Straight Talk 05 September 2005 verse 10 ... Cached
Electric, hybrid, and alternative fuel vehicles may be the future, but for the foreseeable future the American economy will continue to depend on oil. We must face this reality and increase the number of domestic refineries, while considering immediate tax relief at the pump. Long term, we must rethink our foreign policy to focus on the interests of American citizens rather than spending billions on nation-building exercises. We are spending more than one billion dollars every week in Iraq, and thousands of National Guard soldiers are assigned there. Those dollars and that manpower are sorely needed in Mississippi, Alabama, and Louisiana.
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A Free Market in Gasoline
31 October 2005 Texas Straight Talk 31 October 2005 verse 3 ... Cached
Many Americans understandably are upset with the sharp spike in gas prices since Hurricane Katrina hit the gulf coast in August, and are concerned by reports of oil company profits. But we must understand that high oil prices are not the result of an unregulated free market. On the contrary, the oil industry is among the most regulated and most subsidized of U.S. industries. Perhaps we need to ask ourselves whether too much government involvement in the oil markets, rather than too little regulation, has kept the supply of refined gasoline artificially low.
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A Free Market in Gasoline
31 October 2005 Texas Straight Talk 31 October 2005 verse 4 ... Cached
Consider Marathon Oil, which operates a refinery in Texas City. Marathon recently announced the construction of new refinery that will bring several hundred thousand barrels of oil online every day- which is exactly what the nation needs. But building a new refinery is a daunting task that requires billions of dollars in capital investment. The process of obtaining federal permits alone can take several years. As a result, we won’t see a drop of refined gasoline from the new Marathon facility until 2009.
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A Free Market in Gasoline
31 October 2005 Texas Straight Talk 31 October 2005 verse 6 ... Cached
Most Americans agree that the American economy should not be dependent upon Middle East oil. Economist George Reisman, however, explains that our own domestic regulations make us slaves to OPEC: “Today, it is possible once again to bring about a dramatic fall in the price of oil- indeed, one even larger than occurred in the 1980s. And it could begin right away. All that is necessary is to abolish the U.S. government’s restrictions on domestic energy production inspired by the environmentalist movement.”
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A Free Market in Gasoline
31 October 2005 Texas Straight Talk 31 October 2005 verse 7 ... Cached
Reisman also explains how abolishing restrictions on coal production, natural gas production, and nuclear power would further reduce the OPEC stranglehold. By increasing the supply of these other energy sources, demand for oil would decrease and prices would drop.
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A Free Market in Gasoline
31 October 2005 Texas Straight Talk 31 October 2005 verse 8 ... Cached
Note that much of the support for unrealistic environmental regulations comes from northeastern politicians and media, who weren’t nearly as interested in oil fortunes when the business hit rock bottom in the 1980s. Texas and the gulf coast have always been willing to supply the nation’s energy, and it’s a bit disingenuous to hear criticism from those who are happy to use oil but don’t want refineries in their backyards.
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A Free Market in Gasoline
31 October 2005 Texas Straight Talk 31 October 2005 verse 9 ... Cached
Oil is critical, but it is not a magic commodity that somehow is immune from the laws of economics. In fact, it is precisely because oil is so critical to our economy that we must allow the free market to deliver it. Absent government interference in the oil markets, gas prices would rise or fall according to concrete realities affecting supply and demand. High prices would encourage conservation better than any environmental regulations. Entrepreneurs would race to develop viable alternate fuels if gas prices rose too much.
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A Free Market in Gasoline
31 October 2005 Texas Straight Talk 31 October 2005 verse 10 ... Cached
Centralized government planning, on the other hand, cannot solve our energy dilemmas. The Nixon-era price controls on gasoline in the 1970s produced nothing but disastrous shortages. By contrast, the Reagan administration’s immediate deregulation of the oil industry resulted in an unprecedented boom in oil production and a dramatic reduction in prices. This is the lesson we must remember.
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A Free Market in Gasoline
31 October 2005 Texas Straight Talk 31 October 2005 verse 11 ... Cached
What can Congress do to provide Americans with some relief at the pump? First it can suspend federal gas taxes, which would save consumers nearly 20 cents per gallon. In the long term, Congress must pass legislation like HR 4004, which I introduced earlier this month. HR 4004 takes a comprehensive approach by allowing offshore drilling, eliminating regulations that restrict refining, and suspending harmful tax rules that discourage domestic oil production. If we hope to have a stable, affordable supply of gas, we must allow the free market to operate.
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Deficts at Home, Welfare Abroad
07 November 2005 Texas Straight Talk 07 November 2005 verse 8 ... Cached
* $110 million for the Middle East Partnership Initiative, ostensibly for economic development, although the recipient nations include oil-rich Kuwait and Saudi Arabia. Why in the world are American taxpayers giving welfare to OPEC governments?
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Sanctions against Iran
17 April 2006 Texas Straight Talk 17 April 2006 verse 3 ... Cached
As the drumbeat for military action against Iran grows louder, some members of Congress are calling to expand the longstanding U.S. trade ban that bars American companies from investing in that nation. In fact, many war hawks in Washington are pushing for a comprehensive international embargo against Iran. The international response has been lukewarm, however, because the world needs Iranian oil. But we cannot underestimate the irrational, almost manic desire of some neoconservatives to attack Iran one way or another, even if it means crippling a major source of oil and destabilizing the worldwide economy.
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Foreign Policy, Monetary Policy, and Gas Prices
08 May 2006 Texas Straight Talk 08 May 2006 verse 4 ... Cached
But price controls won’t work, and allegations of price gouging and “windfall profits” amount to nothing more than congressional grandstanding. No government official or politician is fit to define a “fair” price for gas or a “fair” profit for oil companies. This is not the Soviet Union. The last thing we need is centralized government planning when it comes to our precious energy supplies.
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Foreign Policy, Monetary Policy, and Gas Prices
08 May 2006 Texas Straight Talk 08 May 2006 verse 5 ... Cached
The price of oil, like everything else, depends on supply and demand. What we really need to focus on is how government keeps the supply of refined gasoline too low. This is not as easy as demanding price controls, and does not fit into 30-second sound bites. But as with so many issues, we must peel away decades of government interference to really understand the problem.
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Foreign Policy, Monetary Policy, and Gas Prices
08 May 2006 Texas Straight Talk 08 May 2006 verse 6 ... Cached
Most people understand that federal restrictions on exploring, drilling, and refining domestic oil have made us dependent on various questionable Middle East governments. We should expand this into a greater understanding of how American foreign policy increases gas prices here at home. Before the war in Iraq, oil was about $28 per barrel. Today it is over $70. Iraq was a significant source of worldwide oil, but its production has dropped 50% since 2002. Pipeline sabotage and fires are routine; we have been unable to prevent them. Furthermore, the general instability in the Middle East created by the war causes oil prices to rise everywhere.
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Foreign Policy, Monetary Policy, and Gas Prices
08 May 2006 Texas Straight Talk 08 May 2006 verse 8 ... Cached
Even so, many war hawks are seriously agitating for an attack on Iran—another major supplier of worldwide oil. They are not concerned one bit about the impact such an attack would have on the wallets of average Americans; their obsession with regime change in Iran trumps all common sense. But let me be clear: An attack on Iran, coupled with our continued presence in Iraq, could hike gas prices to $5 or $6 per gallon.
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Foreign Policy, Monetary Policy, and Gas Prices
08 May 2006 Texas Straight Talk 08 May 2006 verse 11 ... Cached
And in the meantime, let’s eliminate federal gas taxes at the pump. That alone would save Americans 18.4 cents per gallon. By contrast, oil companies only make about 10 cents per gallon. So maybe it’s government that’s being greedy.
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Foreign Policy, Monetary Policy, and Gas Prices
08 May 2006 Texas Straight Talk 08 May 2006 verse 12 ... Cached
Oil prices are at a level where consumers reduce consumption voluntarily. The market will work if we let it. But as great as the market economy is, it cannot overcome a foreign policy that is destined to disrupt oil supplies and threaten the world with an expanded and dangerous conflict in the Middle East. And it cannot overcome a monetary policy destined to inflate our dollars into oblivion.
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Avoiding War with Iran
22 May 2006 Texas Straight Talk 22 May 2006 verse 3 ... Cached
In recent weeks the Bush administration has stated its willingness to use diplomacy in dealing with Iran, which is a welcome change from previous policy. Let’s hope it’s more than just a change in tone. With ongoing wars in Iraq and Afghanistan costing more than $5 billion per week, record levels of federal spending and debt, and oil hovering around $70 per barrel, American taxpayers certainly cannot afford another war.
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Avoiding War with Iran
22 May 2006 Texas Straight Talk 22 May 2006 verse 4 ... Cached
Iran, like Iraq, is a major source of global oil. For all our posturing, the truth is that worldwide crude prices would spike rapidly if we attacked Iran. With summer coming, demand will increase and gas prices at the pump will be over $3 for most of the nation. Airlines are raising ticket prices to compensate for jet fuel prices that have nearly doubled in a year. A strike on Iran in coming months would create serious trouble for an American economy that is already struggling with high energy prices.
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Avoiding War with Iran
22 May 2006 Texas Straight Talk 22 May 2006 verse 5 ... Cached
It’s time for a foreign policy based on reality, a foreign policy that serves the interests of ordinary Americans. The reality is that we will continue to use oil as a major source of energy in this country for the foreseeable future, and therefore the health of our economy will be affected by the price of oil. Like it or not, some of that oil will continue to come from the Middle East even if we get serious about tapping domestic sources.
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What Congress Can Do About High Gas Prices
31 July 2006 Texas Straight Talk 31 July 2006 verse 4 ... Cached
$100 rebate checks to American motorists won’t cut it, nor will mandatory mileage requirements for new vehicles. Taxing oil profits will only force prices higher. But there are some very important things we can do immediately to help.
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What Congress Can Do About High Gas Prices
31 July 2006 Texas Straight Talk 31 July 2006 verse 5 ... Cached
First: We must reassess our foreign policy and announce some changes. One of the reasons we went into Iraq was to secure oil. Before the Iraq war oil was less than $30 per barrel; today it is over $70. The sooner we get out of Iraq and allow the Iraqis to solve their own problems the better. Since 2002 oil production in Iraq has dropped 50%. Pipeline sabotage and fires are routine; we have been unable to prevent them. Soaring gasoline prices are a giant unintended consequence of our invasion, pure and simple.
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What Congress Can Do About High Gas Prices
31 July 2006 Texas Straight Talk 31 July 2006 verse 6 ... Cached
Second: We must end our obsession for a military confrontation with Iran. Iran does not have a nuclear weapon, and according to our own CIA is nowhere near getting one. Yet the drumbeat grows louder for attacking certain sites in Iran, either by conventional or even nuclear means. An attack on Iran, coupled with our continued presence in Iraq, could hike gas prices to $5 or $6 per gallon here at home. By contrast, a sensible approach toward Iran could quickly lower oil prices by $20 per barrel.
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What Congress Can Do About High Gas Prices
31 July 2006 Texas Straight Talk 31 July 2006 verse 10 ... Cached
Oil prices are at a level where consumers reduce consumption voluntarily. The market will work if we let it. But as great as the market economy is, it cannot overcome a foreign policy that is destined to disrupt oil supplies and threaten the world with an expanded and dangerous conflict in the Middle East.
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The NAFTA Superhighway
30 October 2006 Texas Straight Talk 30 October 2006 verse 4 ... Cached
This superhighway would connect Mexico, the United States, and Canada, cutting a wide swath through the middle of Texas and up through Kansas City. Offshoots would connect the main artery to the west coast, Florida, and northeast. Proponents envision a ten-lane colossus the width of several football fields, with freight and rail lines, fiber-optic cable lines, and oil and natural gas pipelines running alongside.
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The World's Reserve Currency
01 January 2007 Texas Straight Talk 01 January 2007 verse 5 ... Cached
Still, the rise of the Euro internationally is another sign that the U.S. dollar is not what it used to be. There is increasing pressure on nations to buy and sell oil in euros, and anecdotal evidence suggests that drug dealers and money launderers now prefer euros to dollars. Historically, the underground cash economy has always sought the most stable and valuable paper currency to conduct business.
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Another Spending Bill for the War in Iraq
12 February 2007 Texas Straight Talk 12 February 2007 verse 7 ... Cached
Even the most modest suggestions for controlling spending in Iraq have been rejected. Some in Congress argued that reconstruction money should be paid back when Iraq’s huge oil reserves resume operation. Another idea was to find dollar-for-dollar offsets in the rest of the federal budget for every dollar spent in Iraq. But the administration adamantly opposed both ideas. Budget cuts are unpopular, and the profits from Iraqi oil will never compensate American taxpayers.
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Hypocrisy in the Middle East
26 February 2007 Texas Straight Talk 26 February 2007 verse 4 ... Cached
Consider Saudi Arabia, the native home of most of the September 11th hijackers. The Saudis, unlike the Iraqis, have proven connections to al Qaeda. Saudi charities have funneled money to Islamic terrorist groups. Yet the administration insists on calling Saudi Arabia a “good partner in the war on terror.” Why? Because the U.S. has a longstanding relationship with the Saudi royal family, and a long history of commercial interests relating to Saudi oil. So successive administrations continue to treat the Saudis as something they are not: a reliable and honest friend in the Middle East.
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Hypocrisy in the Middle East
26 February 2007 Texas Straight Talk 26 February 2007 verse 7 ... Cached
The tired assertion that America "supports democracy" in the Middle East is increasingly transparent. It was false 50 years ago, when we supported and funded the hated Shah of Iran to prevent nationalization of Iranian oil, and it’s false today when we back an unelected military dictator in Pakistan- just to name two examples. If honest democratic elections were held throughout the Middle East tomorrow, many countries would elect religious fundamentalist leaders hostile to the United States. Cliché or not, the Arab Street really doesn’t like America, so we should stop the charade about democracy and start pursuing a coherent foreign policy that serves America’s long-term interests.
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Hypocrisy in the Middle East
26 February 2007 Texas Straight Talk 26 February 2007 verse 8 ... Cached
A coherent foreign policy is based on the understanding that America is best served by not interfering in the deadly conflicts that define the Middle East. Yes, we need Middle Eastern oil, but we can reduce our need by exploring domestic sources. We should rid ourselves of the notion that we are at the mercy of the oil-producing countries- as the world’s largest oil consumer, their wealth depends on our business. We should stop the endless game of playing faction against faction, and recognize that buying allies doesn’t work. We should curtail the heavy militarization of the area by ending our disastrous foreign aid payments. We should stop propping up dictators and putting band-aids on festering problems. We should understand that our political and military involvement in the region creates far more problems that it solves. All Americans will benefit, both in terms of their safety and their pocketbooks, if we pursue a coherent, neutral foreign policy of non-interventionism, free trade, and self-determination in the Middle East.
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The Price of Delaying the Inevitable in Iraq
04 June 2007 Texas Straight Talk 04 June 2007 verse 4 ... Cached
The growing demand by the American people for us to leave Iraq prompts the naysayers to predict disaster in the Middle East if we do. Of course, these merchants of fear are the same ones who predicted that invading and occupying Iraq would be a slam dunk operation; that we would be welcomed as liberators, and oil revenues would pay for the operation with minimal loss of American lives.
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Exposing the True Isolationists
23 July 2007 Texas Straight Talk 23 July 2007 verse 8 ... Cached
Yet this globalism often bumps into itself, because of our second party sanctions against Iran, our international commitments to the space station, for example, were put into jeopardy. Also consider the fiasco that happened as a result of sanctions on Iraq. Thousands of Iraqi children starved to death, causing (according to the 9/11 commission report) great resentment against America, yet some managed trade was allowed to continue, managed of course by the globalists in the UN oil for food program. This program resulted in yet another UN scandal.
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Pain at the Pump
25 November 2007 Texas Straight Talk 25 November 2007 verse 4 ... Cached
The indirect costs government imposes on gas prices are much more serious. A major bottleneck that causes gas prices to surge is our very meagre and vulnerable refinery capacity due mostly to regulatory red tape. Environmental regulations and litigation have kept our existing refinery capacity barely adequate. In fact, no new refineries have been built since the 70's and these are operating at capacity, which makes our gasoline market especially vulnerable as demonstrated by skyrocketing gas prices in the aftermath of Hurricane Katrina when many coastal oil facilities were brought to a halt. In addition, many foreign refineries don't have the ability to produce the specialized blends of gasoline mandated by our government, and therefore 90% of our gasoline is refined in the United States under extreme regulatory burden. When our domestic refineries are damaged or jeopardized, there are few options other than soaring prices or long lines.
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Pain at the Pump
25 November 2007 Texas Straight Talk 25 November 2007 verse 5 ... Cached
I've introduced The Affordable Gas Price Act (HR 2415) to deal with some of these issues. My bill would suspend Federal fuel taxes when prices rise above $3.00 a gallon, giving some immediate relief at the pump. It would also repeal misguided legislation that causes more investment in attorneys and nuisance litigation than in actually producing affordable gasoline and strengthening our refining capacity. Also, it would open up ANWR for oil exploration and repeal the federal moratorium on off-shore drilling.
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Pain at the Pump
25 November 2007 Texas Straight Talk 25 November 2007 verse 6 ... Cached
Much of government intervention in the oil industry in the past has been counter-productive and has resulted in disastrous unintended consequences. This Thanksgiving, I am grateful for every mile Americans can still afford to travel to be with family. I am working hard in Congress to reverse the costly trend of government interference and return markets, including oil markets, to true economic freedom.
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Hope for the Economy
02 March 2008 Texas Straight Talk 02 March 2008 verse 2 ... Cached
It is becoming harder and harder for Washington and the mainstream media to ignore the ripple effect the collapse of the housing bubble is having on the economy. Inflation is up, cost of food is up, oil and gold are up, foreclosures are up, unemployment is up, government spending is at record highs, its seems that the only thing down is the value of the dollar. The middle and lower classes are getting squeezed as prices jump and wages stay flat.
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Big Government Responsible for High Gas Prices
04 May 2008 Texas Straight Talk 04 May 2008 verse 2 ... Cached
In the past few months, American workers, consumers, and businesses have experienced a sudden and dramatic rise in gasoline prices. In some parts of the country, gasoline costs as much as $4 per gallon. Some politicians claim that the way to reduce gas prices is by expanding the government’s power to regulate prices and control the supply of gasoline. For example, the House of Representatives has even passed legislation subjecting gas stations owners to criminal penalties if they charge more than a federal bureaucrat deems appropriate. Proponents of these measures must have forgotten the 1970s, when government controls on the oil industry resulted in gas lines and shortages. It was only after President Reagan lifted federal price controls that the gas lines disappeared.
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Big Government Responsible for High Gas Prices
04 May 2008 Texas Straight Talk 04 May 2008 verse 3 ... Cached
Instead of imposing further restraints on the market, Congress should consider reforming the federal policies that raise gas prices. For example, federal and state taxes can account for as much as a third of what consumers’ pay at the pump. The Federal Government’s boom-and-bust monetary policy also makes consumers vulnerable to inflation and to constant fluctuations in the prices of essential goods such as oil. It is no coincidence that oil prices first became an issue shortly after President Nixon unilaterally severed the dollar’s last link to gold.
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Big Government Responsible for High Gas Prices
04 May 2008 Texas Straight Talk 04 May 2008 verse 4 ... Cached
Basic economics says that when government restricts the supply of a good, the price will increase. Yet Congress continues to reject simple measures that could increase the supply of oil. For example, Congress refuses to allow reasonable, environmentally sensitive, offshore drilling. Congress also refuses to remove the numerous regulatory hurdles that add to the prohibitively expensive task of constructing new refineries. Building a new refinery requires billions of dollars in capital investment. It can take several years just to obtain the necessary federal permits. Even after the permits are obtained, construction of a refinery may still be delayed or even halted by frivolous lawsuits. It is no wonder that there has not been a new refinery constructed in the United States since 1976.
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Big Government Responsible for High Gas Prices
04 May 2008 Texas Straight Talk 04 May 2008 verse 5 ... Cached
Last year, in order to provide the American people with relief from high oil prices, I introduced the Affordable Gas Price Act (HR 2415). This legislation protects the American people from gas price spikes by suspending the federal gas tax whenever the national average gas price exceeds $3.00 per gallon. The Affordable Gas Price Act also expands the supply of gasoline by repealing the federal moratorium on offshore drilling, including in the ANWR reserve in Alaska . HR 2415 also provides tax incentives and protection from nuisance lawsuits for those seeking to build new refineries. Finally, HR 2415 authorizes a federal study on the link between our nation’s monetary policy and the price of oil.
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Rising Energy Prices and the Falling Dollar
09 June 2008 Texas Straight Talk 09 June 2008 verse 2 ... Cached
Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame?
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Rising Energy Prices and the Falling Dollar
09 June 2008 Texas Straight Talk 09 June 2008 verse 3 ... Cached
Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal Reserve System. The Federal Reserve is charged with controlling inflation through interest rate manipulation, however, many fail to realize that creating money, and therefore inflation, is really its only tool. When the Federal Reserve inflates the dollar as drastically as it has in the past few decades, the first users of the newly created money go in search of investments for their dollars. They must invest this money quickly and aggressively before it loses value. This causes certain sectors to expand beyond what would naturally occur in the free market. Eventually the sector overheats and the bubble bursts. Overinvestment in dotcoms eventually led to a collapse of the NASDAQ. Next we had the housing bubble, and now we are seeing the price of oil being bid up in the creation of another new bubble. Investors are now looking to commodities like oil, for stability and growth as they pull capital out of real estate. This increased demand for investment vehicles related to oil contributes to driving up the price of the actual product.
Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.
Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.