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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