I agree. Start writing your congressmen to START DRILLING NOW!!! Although it will take ~10 years to see that oil, the price will drop immediately!! Speculators will then stop betting that the price of oil will keep going up because they will know that we will have alot more oil from our own country.
Write your congressman to start drilling now!!
Thats all WE can do.[/quote]
Why waste your time writing the 535 'morons' in Washington DC, they won't listen. They spent most of the hearings with the oil company exec. asking them "how much money they make"?? At least they are paid to create 'value' for the U.S. economy, their companies, and their shareholders; the people questioning them are paid, $200,000+/yr. (of taxpayer's money), and create 'NO value' for the people, the economy or anyone, and have NO Answers to the problem of 'world oil supply.' The oil company execs. told congress to open up areas in the U.S. for oil exploration (U.S. coastal waters, etc).
However, all of that is going to fall on 'deaf ears' as congress is just looking for 'someone to BLAME.'
The U.S. congress has done absolutely NOTHING in the last 30yrs. to improve the energy situation for this country. At least the oil companies have done their part (and are willing to do more) and made a profit along the way, and aren't we still a 'capitalist country' Again, NOTHING has changed in the last 30yrs. and probably won't until gas prices hit $9.00/gal., we have gas lines and shortages, and the economy is close to being destroyed, then 'maybe' just maybe they will do something. (probably not even then, sorry to say).
We are one of the only countries in the world that refuses to drill for oil and natural gas in 'our own' Terrritorial Waters.
A Government of 'special interest' by special interest and for special interest; for a country populated by totally ignorant/stupid people. A majority of the American public don't even understand the problem, as I keep hearing people just say, "its those greedy oil companies, or the evil speculators, or the Saudis"
Blame, Blame, Blame. NO Solutions, and don't want to even understand the problem.
Ethanol; a policial, 'special interest scam' most people in the know admit that now, congress won't stop it.
ALL of the presidential candidates are proposing 'CO2 Caps' (McCain has already introduced legislation), noticed that none of them have told the American public that one 'big' result is that Your electric Bill will 'double or triple' in the next 3-4 yrs. That will go great with the $5-6.00/gal. for gas.
PCL128, that 'PFT moron' said on this thread, that more regulation is what is needed, but he really, really is STUPID; too much Gov't regulation and control is part of what has got us into this situation. We haven't built a new oil refinery in this country in about 30yrs., even though there is a company in AZ that has been trying to build a refinery for the last 8-9yrs., unable to get the EPA and appropriate Gov't approval. Thanks to the innovation of the oil companies that have 'expanded and improved' existing refinery capacity in this country, or we would be dependant on Foreign countries (imports) for most of our gas/diesel/jet fuel. As a result of the current regulations and current environment, it is unlikely that a new refinery will NEVER be built again in this country, maybe one, but that will be it.
Again, NO ONE, especially the congress or any of the presidential candidates have any knowledge, real solutions, or are smart enough to solve the problem, short term.
So get used to oil at $120-160/bbl (possibly 180-200), and gas at $4.00-6.00/gal. for the next few years. Sorry to say.
Said enough for now, for what its worth. Now rant away.
PD
You do alot of name calling and disrespecting of others including the amercan public. I did not realize that you were the only smart one around.
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