My friend Mustang on his blog, Social Senses ,makes some astute observations as well on this same subject.Oil Prices Set to Escalate Take time to read both articles then decide if anything has changed.
Thursday, June 5, 2008
Why Oil is So High
The Europeans are preparing to raise interest rates later this year, and this sends the dollar falling even more. Of course, the price of gasoline and oil are rising all over the world as the demand from China and India grows at unprecedented rates.
We were warned of this trend in the 70s, but our Congress has yet to act in a positive manner. They have postured and finger pointed while allowing the environmentalists to control our future through lawsuits to stop drilling; expansion of oil refineries; development of alternate fuels, especially nuclear, which is the cleanest and the most proven of all the other alternatives, including wind.
I know some will want to jump on wind being cleaner, and while that may be true, it is still unproven and requires more land resources and can be harmful to migratory birds. Alas, the enviro-nuts will not admit to this while touting wind as the wave of the future.
Some areas of the country are not suited to wind at all, as we are here in Texas and other parts of the west, but all areas are suited for nuclear power plants. Europe has proven their reliability for many years now, but our government drags their feet in allowing the expansion of this safe and clean source of power, all in the name of political expedience. Some will disagree, but I will be waiting for them to present a more proven alternative. We have wasted enough time. It is now time to build the reactors that will provide the power for America’s growth.
It is time to drill and to develop the shale resources into oil as well, instead of being held hostage by terrorists.(and now our Leadership in the WH) Terrorists held our Embassy people hostage beginning in November 1979, and America has been held hostage to their oil production since that era. It is time to break the hostage situation by declaring war on the lack of initiative by our government in development of alternative fuels other than the ridiculous grain-based Ethanol that is so loved by the enviro-terrorists, and demanding that drilling begin yesterday in areas where we have known oil deposits.
Now read the e-mail that I received and see if it does not speak volumes of truth.
Our country has all of the resources we need if we were smart enough to use them.
(HatTip to classmate and friend Chuck Jones for the e-mail)
Subject: Think about it
The OPEC minister will look you in the eyes and state:
"We are at war with you infidels. Have been since
the embargo in the 1970s. You are so arrogant you
haven't even recognized it. You have more missiles,
bombs, and technology; so we are fighting with the
best weapon we have and extracting on a net basis
about $700 billion/year out of your economy. We will
destroy you! Death to the infidels!
While I am here I would like to thank you for the
following: Not developing your 250- to 300-year supply of oil
shale and tarsands. We know that if you did this, it
would create millions of jobs for US citizens,
expand your engineering capabilities, and keep the
wealth in the US instead of sending it to us to
finance our war against you bastards.
Thanks for limiting defense dept. purchases of
oilsands from your neighbors to the north. We love
it when you confuse your allies.
Thanks for over-regulating every segment of your
economy and thus delaying, by decades, the
development of alternate fuel technologies.
Thanks for limiting drilling off your coasts, in
Alaska, and anywhere there is a bug, bird, fish, or
plant that might be inconvenienced. Better that your
people suffer! Glad to see our lobbying efforts have
been so effective.
Corn-based Ethanol. Praise Allah for this sham
program! Perhaps you will destroy yourself from the
inside with these types of policies. This is a gift
from Allah, praise his name! We never would have
thought of this one! This is better than when you
pay your farmers NOT TO GROW FOOD. Have them use
more energy to create less energy, and
simultaneously drive food prices through the roof.
Thank you US Congress!!!!
And finally, we appreciate you letting us fleece
you without end. You will be glad to know we have
been accumulating shares in your banks, real estate,
and publicly-held companies. We also finance a good
portion of your debt and now manipulate your
markets, currency, and economies to our benefit.
THANK YOU AMERICA!"