WOW - the market sure took a hit today! Did you ever wonder what is the trigger that sets these people off to start selling everything is sight. The conventional wisdom is the war in the Sudan and Nigeria? Well, some place in that area anyway, but still, will this effect the oil production of the rest of the world and drive the price of oil up? Remember when the price of a barrel of oil was three dollars?
I thought that Iran was one of the largest producers of oil in the world, and if they decide to cut production, we would be in some hurt. I also believe the hurt would worsen if Iran got together with their communist buddy, Venezuela, in the top five of oil producers, to causes trouble because both are rouge states and want us dead, well maybe not everyone in Venezuela, but at least Hugo Chavez wants us dead. Hugo hates President Bush to but loves Jimmy Carter and Bill Clinton. How come? Oh, that's right, Jimmy helped Hugo get elected.
I have never understood how the speculators can drive the price of oil in any direction that they want. I understand if there is a war in some area that produces large quanties of oil, things could be come tight. But when the major producers keep increasing the supply, or at least they say they do, and the supply is ahead of demand or steady, why does the price still go up?
I think we need to have our own supply of oil especially now that China is taking such a huge chunk of the total out-put. We need to become energy independent. Wind power is good and natural gas is good and clean, but please no more oil wells - they are so dirty! Heh heh heh
Hillary Clinton gave a speech where she stated that we have to become energy independent because the foreign suppliers could and would hold us hostage. But almost with the same breath she said we can't drill off shore and we can't drill in Alaska because of the damage to the environment that would cause. How do we become independent? That's easy, turn down the thermostat's and wear more clothes. Drive less, walk more and ride your bike to work.
Did you know that it takes at least 15 years to build a refinery because of all the regulations, and that we haven't built a new one in the last thirty years? Do you think demand in the United States as gone up in the last thirty years? Does anyone remember what happened after Katrina hit?
Who will step forward and tell us what to do now about our shortages of oil? The enviros that have the Democrats by the short hairs and live in tents don't care if we all freeze or roast, and, damnit, it's not really about the environment at all.
That's right, you got it, it's what control is all about. But still, I have to wonder, how so few people can have so much control over so many? Why are we so easily lead?
Friday, January 20, 2006
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