Posted on 10/14/2014 7:45:55 AM PDT by LRoggy
I know. We are the side that preaches free markets.
But not all markets are truly free anyway.
And this is one time when a substantial national interest needs to be protected.
I’m talking about our incredibly productive domestic energy industry that is on the path to making our oil self-sufficiency a reachable goal, at least if we look at it as North America.
Except there is one player out there that is desperate to kill the baby in the crib.
And in this instance, it’s not the Obama Administration.
Yeah, I know. They’re probably creaming at the possibility that domestic energy supplies of the carbon type are hurting, but so will their green energy friends if oil stays this low for long. No, the enemy in this instance is thousands of miles away and is probably our sleaziest so-called ally.
Yes, the Saudis.
Our so-called friend in the Middle East who also funded Al-Qaeda when we weren’t looking. And so many other wonderful ways they try to ‘play both sides of the street’.
Anyone who is following the recent stock market performances of the domestic energy producers is aware of the damage the Saudi decision to keep pumping supply into the world market, combined with our Administration’s foot-dragging that would allow us to utilize our domestic gift from heaven (imagine how much more effective our energy policy would have been if we spent the Solyndra money, for one example, on converting our trucks to natural gas and help build out our national infrastructure of natural gas filling stations!).
So, time for payback! Time to accomplish two big goals. Put the Saudis in their place and ensure that the cash flow necessary to invest in the future of our domestic supplies, which is not nearly as much of a given at $75 as it is at $95.
Yes, it will not help the consumer. But frankly, after paying nearly $4 per gallon on average for so long at the pump if we ‘only’ fall to $3.50 we can make do. But in the long run it gives us time to convert more and more of our domestic energy for OUR use.
So, Congress and the Administration need to agree on the following:
Starting October 15th, the import price of oil to this country from the Middle East only will be at $95 per barrel. The mechanism for this is that a floating tariff on Middle East oil will be in place. If the cost at the futures market is $80 on purchase the $15 rate is added to it. That money will be used SOLELY on domestic energy infrastructure projects, like the natural gas trucking conversion I mentioned above. Once the market rate goes back over $95 the tariff disappears.
I know this is a tough pill for all of us to swallow philosophically, but this is one time we NEED TO GO TO ECONOMIC WAR on the area of the world that seems to think their birthright is to screw up the rest of the world.
No more.
Time to finally put the Saudis in their place.
We don’t need more supply (production is at 30 year highs). We are bordering the point now where it’s too much for refining capacity. Unless the laws are changed and we can begin exporting all the new supply will do is collapse prices to the point where it’s unprofitable to extract new supply from the ground. We are reaching that point around $80/bbl.
Nope, just open up American oil to world markets, allow pipelines to be built, and allow refining capacity to expand. I’d toss in a single gasoline mix for the entire nation and eliminating the EPA, but that’s just me.
I’ll trade American dollars for cheap oil until they run out. We should also sell our oil on the open market.
That is going to wreck USA independent drillers.
Plus, give a severe beating to the stock prices of big USA oil firms.
Forty years ago we got our first OPEC oil shock.
America has probably invested a trillion dollars in alternate energy since then.
The result?
We have completely destroyed our coal industry.
We are trying to destroy our nuclear industry.
We still have no viable energy solution for our transportation industry.
We have fought 3 wars against the Muslims.
Israel still lives under constant threat.
And “renewables” make up maybe 5% of our energy equation.
That is so insane.
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