July 29, 2008
While Nancy Pelosi is "Saving the planet. Saving the Planet"..."The US Congress, which prevents the US , doubtless the greatest hydrocarbon province in the world, from producing much more oil, gas and coal than it does at present. The U.S. has the resource base, the capital, technology and management capability to increase oil, gas and coal production by 15% within 5 years and by 50% within 10 years. Such an increase would bring fossil energy and food prices down by a quarter to a third worldwide , greatly strengthen the dollar, create a boom in good jobs, generate a tidal wave of federal, state and local revenues, propel the stock market to new highs, more than restore housing prices, and substantially enhance national security. Congress is the friend of despots in Iran and Venezuela and the worst enemy of consumers, globally. It's not the fault of the speculators or the Saudis or the Chinese that Congress so likes to blame but of itself (i.e., Congress) and of course, We the People who vote Congress into power. Oil at $175 will not be imposed by some Other on us; it will be freely willed by us as a sovereign people. We are responsible for the consequences of our choices. We may not like them but we cannot evade them nor shift the onus on the Other." -Vinod K. Dar Oil Prices
Posted by Vanderleun at July 29, 2008 11:32 AM from American Digest