The people don’t seem to realize that the direct cause of this oil crisis is the United States Congress.
Why do you think that the Congress is pointing the finger at everyone else? To distract from their own responsibility.
Congress is only part of the problem. Force the speculators to take delivery of the oil and watch what happens.
Anytime there is an imbalance in any market, no matter what it is, if there is more demand than supply prices rise. More supply than demand prices fall.Pretty simple.
Right now the world is short about a million and a half barrels of crude per day.
As long as that lasts prices will rise.
Congress didn't resolve the problem everybody could see coming 30 years ago when the problem could have been averted cheaply. Now it is here and it is too late. It is possible we cannot afford anymore to get alternatives such as coal to liquid going.
you are absolutely right. Congress is doing everything they can to divert attention from all their liberal policies coming home to do some real damage to the average American.
True.
In fact, by not drilling we are in effect 'hoarding'.
Here is a congresscritter pointing his finger at evil big oil.
Would love to hear what those-more-knowledgeable-than-me have to say about his claims...
http://www.house.gov/list/press/ny22_hinchey/morenews/062608UseItOrLoseItFloorVote.html