Oil prices are determined by speculaters.....not demand...not abundance!!!
Wow, it’s like, 2007, all over again!
Drill Here; Drill Now!
Bummer. Oh well, I'm just old enough that I don't care. My family will just have to load my coffin on a donkey cart and wheel me to the cemetary -- unless they decide to splurge on renting the donkey too.
We should build proven viable sources of energy at breakneck speed to end our dependence on foreign oil.
Build nuclear as fast as we can, and provide surplus electricity at variable cost to hydrogen producers and vehicle battery recharging stations. Convert the cars off of oil, and our future no longer depends on foreign countries, and we will no longer be funding Muslim terrorist states.
Thing is globalism has worked the other 6 billion folks on this rock like their oil usage too, and they can bid a little higher each year, especially since we have Obama out to destroy America and their economies are growing. We have basically been on a sideways trend for crude oil production since 2005, but the price signal says we should be bursting at the seams with new production, but its not happening, production is flat to declining.
I remember hearing on the radio day after day after day about how the increase in gasoline prices was all Bush’s fault. In the past nine months the average cost of a gallon of gasoline has gone from $1.689 to $2.759 and not a peep about it being Obama’s fault.
OK, how about trying this: you know where the oil is and how to get to it. Just go and get it. No announcements, applications for permission, just start drilling. Hire security sufficient to make enviroweenie snoopers disappear. I doubt if they (the greenie weenies) have sentries stationed at ANWR anyway.
What are the Marxists of the current regime going to do, send in the Army when they find out a couple of years from now?
< /rant >
BTTT