Saturday, May 03, 2008

Saturday Morning Cartoon- Energy Blues

Robert Samuelson at RealClearPolitics:
What to do about oil? First it went from $60 to $80 a barrel, then from $80 to $100 and now to $120. Perhaps we can persuade OPEC to raise production, as some senators suggest; but this seems unlikely. The truth is that we're almost powerless to influence today's prices. We are because we didn't take sensible actions 10 or 20 years ago. If we persist, we will be even worse off in a decade or two.
Read more....



video

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7 Comments:

Blogger Karen said...

My husband is an engineer in the oil drilling biz, so we are a part of the evil big oil segment of the working world. You don't want to get me started on this!

Let me just say, Samuelson is absolutely correct. The current idea of the Dems and their 'windfall tax' penalties for "Big Oil"? Hasn't happened since the 1970's and we some of remember how that worked out. Lines at the gas stations, rationing and no, not lower prices. Marxism doesn't work.

The ignorance running rampant in D.C., usually just for political pandering, is amazing. These same politicians sure weren't concerned when oil was $8 a barrel and those of us in the oil patch were scrambling to survive.

Saturday, May 03, 2008 6:42:00 AM  
Blogger Mike's America said...

There is absolutely NO SOUND environmental reason to oppose drilling for the oil we KNOW we have right here in the U.S.

The last major oil spill was the Exxon Valdez in 1989. American oil production is MUCH safer than foreign production.

The best example of how safe came when Hurricane Katrina destroyed or damaged nearly 25% of the oil and gas platforms in the Gulf of Mexico. You know if there had been ONE oil soaked beach... ONE seagul drenched in oil the photos would have been headline news for a week.

There is at least this much oil (more recent finds not yet added to his map):

http://i80.photobucket.com/albums/j191/mikesamerica/258339833_6d1a357c19_o_d-1.jpg

All of it could be safely recovered and the taxes and royalties paid used to fund conversion to alternatives like hydrogen power.

And yet, this debate never gets off the ground because Dems and some Republicans (McCain AHEM) are blinded by the envirozealots big lies.

Saturday, May 03, 2008 4:05:00 PM  
Blogger Stew Magoo said...

You know, Argentina is part of that earth mouth. Think of what happens when the earth smiles. That's gotta be hard on ole Argentina. Fight Algore and save Argentina! Who's with me???

Okay, nevermind.

Saturday, May 03, 2008 7:13:00 PM  
Blogger Nightcrawler said...

Our energy "policy" has been absolute insanity for as long as anyone my age can remember... even in the days of Ronaldus Maximus, we didn't do what we should have been doing... but anyhow...

As far as new drilling affecting oil prices today, if we bring the prospect of BILLIONS of barrels of oil into the market AND follow it up by BUILDING new refineries and standardizing fuel recipes so that a refinery can make gasoline for any region in the US, what would happen to the price of oil then? The commodities market would have the price down below 100.00 a barrel in no time!

Saturday, May 03, 2008 8:26:00 PM  
Blogger Tapline said...

Word, Good Post to energize the masses.......Try drilling in the Bakken Oil formation, that is North Dakota, Montana, and (canada) Saskatchewan. That's tapping approximately 3.5 Billion Barrels..But nnnooooooo!!!! we can't ask congress...........How about Alaska, and off shore,,,,Ask McCain!!!!!!!OH!!!!!NNNNOOOOOOOO!!!! We'll be paying much more before it's less thanks to our elected leaders.........

Saturday, May 03, 2008 10:30:00 PM  
Blogger The WordSmith from Nantucket said...

...stay well... (^_~)

Saturday, May 03, 2008 10:37:00 PM  
Blogger Gayle said...

The title of the post you linked to was titled "Start Drilling" and that's exactly what needs to be done, but with liberals in charge it's highly unlikely, and if they have anything to do with it they'll keep us from the Alberta Oil Sands too! It's as though it is their agenda to ruin our economy and they are doing a fine job of it.

Sunday, May 04, 2008 6:07:00 AM  

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