Showing posts with label Oil Prices. Show all posts
Showing posts with label Oil Prices. Show all posts

14 July 2008

Bush Finally Lifting Executive Ban on Offshore Oil Drilling

President Bush will announce today that he is lifting the executive order banning offshore oil drlling.
Unfortunately for us stuck paying $4.00+ per gallon for Gas, Congress still needs to repeal the Moratorium on Offshore Oil drilling as well. Unlikely to happen with the Democrats in Control of Congress. They are still beholden to the Sierra Club and other environmental groups vehemently opposed to offshore oil drilling, even though they can't point to a single instance of an Oil rig destroying a beach or the other nonsense that they spout about environmental damage.

"There is no excuse for delay," the president said in a last month in a Rose Garden statement.

"In the short run, the American economy will continue to rely largely on oil, and that means we need to increase supply here at home," Bush said, adding that there is no more pressing issue for many Americans than gas prices.

Bush's father, concerned about the effects of falling Oil prices on the Mexican Economy, President George H.W. Bush, signed the executive order in 1990 banning offshore drilling.

Experts have gone from saying it would take 10 years to 3 years before we see any oil, once all the Moratoriums are lifted, but only time will tell who will be proven correct. One thing is for sure, if we do nothing, prices will continue to spiral upwards. Doubts on Global Warming, shouldn't stop us from sourcing our Oil from the Middle East to sourcing it from ourselves.

One thing is for sure, unless someone puts pressure on Congressman David Obey to re-open the Appropriations Process, we definitely won't see any progress on this issue.

Maybe now is the time to start a fresh round of Operation Drill Bit, to remind Congress that we're still overpaying for Gas.

04 July 2008

Sad Forth of July??

Happy 4th of July to everyone out there, it rained a lot here in South Florida, so I took the time to do several posts today that I've been wanting to put up for a while.

Something I noticed though, is that it actually turned out to be a kind of sad 4th. My wife and I have several friends that we usually visit every 4th of July, because each one is doing some sort of huge party and a massive fireworks display and so we end up carefully planning how we're going to make "the rounds" without ticking anyone off.

Well it turns out this year, that no one and I mean no one had a big party this year. To top it off, usually when we come home at night every year, it's hard to park our car, because our neighbor at the end of the street has all of her friends over, literally lining up the entire block. This year, it was still hard to park the car, but only because the Neighbors Dog was in our driveway. When I took him over to her house, it only then hit me that her house was empty. I asked, "Where's the big party you guys usually have?" She replied, "Well, with Gas, Food and everything else going up and away, we just didn't have the money to do anything this year."

It's pretty sad to see my friends and family this way. Everyone basically canceling trips, canceling parties, not being able to enjoy themselves, because their taxes are going through the roof, their food prices and of course, the biggest problem of all, their Gas prices.

What sickens me the most about this, is the apparent lack of concern that Congress has over this whole issue. When Nancy Pelosi came riding into Congress 2 years ago, she promised to do something about Gas prices that have gone up over 35% in the previous 6 years. Well instead of doing something to make things better, her and the Democrats fought to take lands away from Oil Drilling, and do everything possible to stop all use of Fossil Fuels and Nuclear energy. Instead of fixing the problem, over the past 2 years, we've seen prices just about double, or three times the rate of the previous 6 years. To top it off, because of Ethanol, we now see food prices higher than they've ever been, and if Obama wins, just to add icing to the cake, we can look forward to having our taxes increased. Yay!!

I guess this is one of the reasons why I keep writing about this issue, because only if we stick together, only if we make enough noise together, will we see any kind of results.

Good Night, and I hope you've had a GREAT 4th of July.

26 June 2008

The Half Trillion Dollar Giveaway

The United States of America is on a course for self destruction on an unprecedented scale. At today's prices we are poised to transfer a Half Trillion Dollars of our wealth over to the Canadians, Mexico, Saudi Arabia, Nigeria, Venezuela, Dubai and the other countries that we import Oil from.
While Europe, you know those guys who scold us for not signing the Kyoto Protocol, is preparing to build dozens and dozens of Coal Fired Electrical plants, we haven't built a single one in 30 years. We've heard of ecological disasters if we do so, and yet, China has built over 1000 of them over the past decade. Where's the Global Warming? Instead the past 2 years have seen some of the coldest winters on record, with record snowfall in North America, some of which contributed towards the flooding in Colorado.
The U.S. has an estimated 800 Billion Barrels of oil, yet we're keeping most of it locked away for what? To help our Arab Friends?
In our rush to 'fix' something that we don't understand, we said we were doing it to help those least fortunate. The world's poor, and yet the poorest around the world are paying for our policies in the form of higher than ever food prices, and literally starving because of this. How many people will have to die before we do something?
We read story after story of Truckers leaving the Hauling business, Airlines dumping planes, and firing pilots, in February alone the U.S. lost 63,000 jobs, and yet what's being done?
In 2005, the U.S. Trade deficit was running at 60.9 Billion per month, of that almost half was Oil, and that was when Oil was 1/3rd of the price it is today! Yet as far back as 2005, Democrats in Congress were doing everything they could to either stop domestic drilling, or keep our country from expanding any kind of Fossil Fuels, and the picture hasn't changed at all today.
We see stories on the Discovery Channel on how Dubai and others are building Massive Gleaming Towers, even entire cities off the oil money that we are providing, while we lose thousands of jobs. Jobs that could be provided by a renewed Oil industry here in the U.S. and jobs that would be created by consumers actually having cash in their hands to spend. The average suburban household is now spending almost $300.00 a month more for gas than they did just 3 years ago, how many coffee shops will have to close, how many bakeries, how many electronics stores, hair salons, cell phone shops, how many stores in the Malls will have to close, because the American family must divert cash they once spent in their local neighborhoods and are now giving it to Venezuelan and Middle Eastern Thugs.
While demand for Gas is down, which in theory should lower prices, that hasn't happened because the speculators see the Democrats stopping any and every proposal to build Nuclear, Coal or any power plant for that matter. Even Solar powered plants are being hampered by excessive regulations. The speculators assume, rightly so, that the U.S. Economy needs more investments in energy, but this is not happening, so the claims of Barrack Obama and other Democrats that "drilling won't help for 10 years", is just foolishness. If the speculators see that we're doing something about the situation, they will start reducing or even liquidating their positions in Oil, and that will help reduce prices now.
I was at the supermarket yesterday talking to a woman in line about this, her response was that we shouldn't drill because she was sure they'd do something like come up with a Paint that generates Solar Power. When I said to her, but lady my $35,000.00 Sedan and my $45,000.00 SUV runs on Gas, am I just supposed to throw those away? Her response was that I should have thought about that when I bought those cars. I said, You've got to be kidding me? Gas was a 1/3rd the price it is today when I bought those cars. Besides that, even if they DID invent that magic Solar Spray paint. When will it go into production? We don't yet have the technology to replace fossil fuels, so do we just do without? And up north, next winter, do the people simply freeze to death because they don't have their Solar Powered heaters?
You see, that's the Democrats response. "Oh well, too bad you suburbanites, you should move to downtown and use public transportation". When you really think about it, this is an assault on the "Red State". The States where most of the population lives outside of town. Where most of the population has to drive long distances and where they have no public transportation. It's the Democrats way of pushing these people who are unaware of the games being played to vote Democrat next time. They're banking on the fact that most Americans will blame their woes on the President and by proxy his party. This is their strategy to win in November.

What can you do? Sign the Drill Here, Drill Now, Pay Less Petition. Also, participate in Operation Drill Bit, let's flood Washington with Drill bits along with a letter letting them know that we're on to them.

We all know that the future belongs to Solar, the question is will we get there in prosperity and in style, or will we get there, beaten broken and in misery.

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