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Dollar Drops Further -- Oil Prices Soaring
I disagree.
It's not the falling dollar, it's not a shortage, it's not the war, and demand is high but supply can rise to fill it.
The rising price of oil is caused by the environmentalists and the politicians who are at their beck and call. We can't use our own oil and coal resources, we can't build nuke plants, we can't build refineries, we have to import everything. That puts us at huge risk from a cartel that consists mostly of people who want to destroy us.
Sustainability comes from using our own resources rather than importing everything. Somehow the whack jobs think sustainability comes from using other countries resources, be it timber, oil, or labor.
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Dollar Drops Further -- Oil Prices Soaring
The lack of domestic oil development has to affect prices - it reduces supply. The lack of refinery capacity also affects prices - we are now importing refined product instead of just crude.
Regarding the other, if high oil prices is the price we have to pay to once again become self sufficient energy-wise then in the long run it will be a good thing, although very painful in the interim.
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Dollar Drops Further -- Oil Prices Soaring
I'm sure he's not serious. With the mismatched illogical policies both parties have managed to put in place they both are responsible for our lack of energy independence.
What's amazing to me is the stupid ideas that are being floated. Still no support for drilling anywhere in the USA, or fast tracking nuclear plants with cookie cutter designs, or reprocessing of spent nuke fuel, or waiving new air quality standards for coal, or relieving restrictions on oil shale, or dumping tariffs on ethanol from Brazil.
Nope, let's add more taxes on the oil companies that will be passed on to everyone and let's give the little people a 20 cent/gallon moratorium on federal gas tax. Yep, that will fix things.
Maybe a new requirement should be placed on elective office - they should have at least an above average IQ. These folks are, by and large, dolts.
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Dollar Drops Further -- Oil Prices Soaring
Since we're ranting I'll vent another of my current peeves. The environmental whack jobs are peddling the idea of "personal carbon credits". Apparently we are all now guilty of environmental atrocities for simply being born. The time is coming - Thomas Jefferson was right.
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