30 years ago we still mostly produced our own Oil. Now we are wholly subservient to world markets as part of a conscious decision of the US political class to push "conservation not consumption" as our national energy policy.
Speculators are a symptom of the disease. The disease is the inelasity of supply in the Oil markets. Fix the supply problem and the speculators will be unable to manipulate the supply. All this clowning around with the regulators is fiddling while Rome burns.
There is a simple solution.
DRILL NOW, DRILL HERE, BUILD NUKES, BUILD COAL GASSIFICATION, DO IT ALL! ENERGY INDEPENDENCE NOW!
Also, utilities want to build more nukes, but the red tape really drags to a 7-8 year lag of permitting and 100's of millions in the meantime....like they don't already know how to build and operate a nuke plant?
The GOP has been asleep at the wheel from 2000-2006 and now we are paying for it through the nose. It's like this is exactly what they wanted!!
Let's not even get into the federally mandated illegal invasion / sub-prime orgy fiasco where trillions vanished into overpriced unneeded (empty), now deflated housing.
“DRILL NOW, DRILL HERE, BUILD NUKES, BUILD COAL GASSIFICATION, DO IT ALL! ENERGY INDEPENDENCE NOW!”
A big AMEN to that!
You want ot end energy shortage (any shortages for that matter)? Have some stable and reasonable rules (environmental, fiscal, commerce) and let the freemarket loose and you’ll again see abundance.
Our energy crisis are the result of the straightjacket that we’ve put upon ourselves by letting the enviromarxists get control of our elected officials as well as our institutions.
It’s high time that us freedom lovers and responsible people retake both the high moral ground and control of our destiny, by exposing the greens for what they really are - humanity hating, elitists who’ve succeeded into “guilting” the majority of our population into following them into a world of misery.