I agree wholeheartedly, but where I differ a bit, I feel the energy producers have in fact capitalized on this market speculation with little loyalty to America and her economic health and security.
It is ALL our responsibility to guard the security of this nation. We all share in the blame game. Consumers should do their part as well, however congress has allowed the liberal enviro nuts to run energy policy, but on the same token, corporate America has turned a blind eye as well just so the dollars will just keep on flowin.
Read this article: http://www.freerepublic.com/focus/f-news/2028280/posts
The majority of the price rise is due to speculation combined with a falling dollar and surge in demand from countries like China and India, who subsidize their oil.
If anything the rise has spurred exploration by oil companies, problem is they do it overseas because they can’t do it here in most places, though apparently they are being successful in the Bakken field in the upper plains states.
Well? Tell me how oil companies recording billions of dollars in profits stops YOU from developing a hydrogen from seawater engine.