Tuesday, December 2, 2014

OPEC is Disturbed

Oil prices have gone down, so oil magnates are not making as much money as they think they should. So they meet and decide whether or not to cut production so as to reduce the amount of oil on the market and drive prices up. They decided not to cut production now. But they’re still looking at the oil market, and I expect if prices keep going down, they’ll reassess that, to make them go up. I think we need to stop buying oil from countries and companies that are members of OPEC. Of course, we can only do that if we begin to produce more of our own oil. We can only do that is we stop the politicians from keeping us from drilling in the Gulf of Mexico and using “fracking” on that specious reason that it hurts the environment. It does NOT. Today’s politicians still seem to want to stop us from doing ANYTHING that might help us to become oil independent, including making laws against fracking.

Fracking is a reasonable method of extracting oil from land where under other methods it is more expensive, making it economically unfeasible, and stopping the Canadian oil pipeline, which will not only help them sell their oil, it will help us sell OURS. Politicians (like Obama) seem BENT on NOT letting us produce our own oil, which would make us the TOP oil producer in the world and ELIMINATE our dependence on foreign oil. Another avenue is promoting the use of SYNTHETIC oil; an oil that has PROVEN its worth. It’s NOT more expensive if you consider the cost PER MILE, not the cost per quart. If we started using large amounts of synthetic oil, which we can MANUFACTURE, the resulting lowering of fossil oil use worldwide would frighten foreign oil producers into lowering their prices in self-defense; if they don’t, they’ll lose their biggest customer; America. (Just common sense)

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