An Energy Crisis of Our Own Making

IBD ^ | November 9, 2007 | Editor

[dodger]

The energy crisis and our consequent funding of Islamofascism are due to liberoid hysteria in the 1980s that shut down nuclear power. Having created this mess, the same claque is moving on to ‘global warming’.

It is remarkable how little the republicans say about this and otherwise fail to hold the leftists accountable.

[mysterio]

Energy Policy: As oil climbs toward an unprecedented $100 a barrel, we can only blame ourselves.

Yep. Importing a large percentage of our energy is a bad idea. If we don't fix it, it will likely hurt our economy severely.

[quant5]

“The Republicans had the presidency and both houses of Congress and refused to even consider lifting the ban on drilling in ANWAR or removing the moratorium on drilling on our 3 coasts. The last thing the oil companies want is more supply. They’ve got us over a barrel.”

Exactly. Supply and demand economics still apply but the difference is that the supply can be controlled and is. Then market speculators can all bet on the fact that oil commidity will all go up and then of whala! Their are so at the top aiding and abbeting this process. Too bad our national leadership are involved in this firesaling of the American consumer. We (middle class) are becoming either broke or bankrupt and have already begun reducing spending in earnest between the outrageous energy or the credit crunch also fueled by Wall St, Central Banks and the elite. The American consumer shares some blame in all of this as well but it is oversight of good leadership that does not allow such bubbles and greedfests to occur in the first place.

The good news is we live in a world of communication, invention and many, many ultra-wealthy investors. As the price and greedfest continues unabated more investors will continue pouring money into alternative energy. The greedfest will be forced to end someday, but will the USA economy go into depression first or will it survive relatively unscathed before it changes?

[jonrick46]

While Teddy (Don Quixote) Kennedy is fighting windmills in Hyannis Port, we have the DemonRATs flying a front runner who shrieks from overhead, “ Up up and away on my magic broomstick! I’m fighting Global Warming with a low carbon imprint riding a renewable resource!”, and the Environweeny monkeys banging on their networked keyboards, “How can we get more government grants to fight Global Warming?”
With this insanity, we need to re-institute the forced commitment to mental institutions of politicians who live in a parallel universe.

Meanwhile, America will soon be buying $6.00/gallon gasoline and trying to afford those hybrids that need a new battery every 100,000 miles (add that battery cost to the gasoline you bought for those miles).

biodiesel from algae is the answer.

[RightWhale]

The last thing the oil companies want is more supply.

Might be interesting to note that some of the major oil companies do not produce all the oil they need for their business but have to buy substantial percentages on the market.

[Jacquerie]

Only an incredibly wealthy, spoiled & coddled people can be foolish enough to embrace the nonsense of man-made global warming.

[ripley]

the democrat u.s. congress.....

scu&bags in action. correction; marxist scu&bags in action.