Sensible policies, not cap and trade, are the key to our energy future

Annuit Coeptis ^ | September 8, 2009 | James Shott

[James H. Shott]

The price of oil hit its all-time high in July of 2008, but since then has dropped by nearly 75 percent. Oil prices are now rising again and are likely to continue to climb as the world economy recovers.

Oil man T. Boone Pickens believes that oil prices may reach $300 a barrel 10 years from now. History proves it, he said, and referred to the five OPEC revenue increases in the last five years.

Why did oil prices rise last year to historic highs? And why are they rising again this year? Oil speculators are a favorite villain, but evidence supporting speculators as a major factor in price change is lacking. Speculators get blamed because people really don’t understand what speculators do, and how speculation works.

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[princess leah]

There is Black Gold off our shores and yet we are prevented from drilling by ENVIRONMENTALIST HITLERS who have been given unprecedented power in a time of economic CRISIS! We need to elect businessmen and mathmeticians, NOT politicians who are bought and paid for by the special interests!

[scory]

Nothing remotely resembling a “sensible policy” for energy (or much of anything else) will come out of this current government.

[G Larry]

Any U.S. energy policy that does not include nuclear power and off-shore drilling is not worth mentioning or pursuing.

The “renewable” tag is a fairytale and is NOT a serious component of a solution. “Solutions” are not found in the 5% - 10% margins.