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"Dear Democrats: I would like to thank you for your inaction/no votes on allowing the US to build new refineries and also for not allowing us to drill for our own oil."

From all accounts their is no shortage of crude oil globally. What makes you think that any oil produced domestically would not also be sold at the current futures contract of $106 a barrel???? We already produce 40% of our oil consumption domestically already and it doesn't ease prices. Unless you plan on making it illegal for domestic oil to be sold for more than $40 a barrel and outlaw exports, I don't think it would matter if we produced 80% of our oil consumption. Not with free markets.

All this talk of domestic drilling is slight of hand to misdirect our attention at what is truly causing the price of energy to skyrocket, the systematic dismantling of the value of our $$$$dollar, and rabid speculation on the commodities exchanges.

That's pretty much the point of another article posted here. Although everything that's been mentioned so far in this thread(no more drilling, too many blends, regulations, etc) is a factor, imo; it's the declining dollar and more importantly the rabid speculation of commodities that are the big two factors.

From the other article:

"As for the speculators, in 2000 approximately $9 billion was invested in oil futures, while today that number has gone up to $250 billion. Now, if any publicly traded company had an additional $241 billion put into its stock in the same period, its stock would rise out of sight too—even if the company was not worth anywhere near that amount of market capitalization."

I ask again like I asked in that other thread. What's going to be the catalyst to get this futures market bubble to burst? It's long overdue.

All this talk of domestic drilling is slight of hand to misdirect our attention at what is truly causing the price of energy to skyrocket, the systematic dismantling of the value of our $$$$dollar, and rabid speculation on the commodities exchanges.

Hogwash! We can't use the vast amounts of coal deposits in this country. Nutjobs in Oregon want to dismantle dams that produce electricity. No new refinery capacity is being added. Nuclear power is demonized. We can't drill for new proven oil deposits. The list goes on and on.

Meanwhile nutjob limousine liberals on am620 in Portland gnash their teeth about obscene profits in "Big Oil" while they heat their 2500 sq ft homes with old oil furnaces in the West Hills, or their 4000 sq ft McMansion on the North Plains. Then they commute 2 hrs a day during the week and drive to the slopes or the coast every weekend. I'm so sick of the hypocracy.