A speech means nothing. Bush has repeatedly called for more energy development. He has been blocked on numerous occasions by the Democrats and Rinos. We need more domestic exploration of oil and natural gas, more refinery development, restrictions lifted on coal to gas technologies, more rationalized environmental policies, and a muzzle on third party lawsuits by environmental organizations. If Congress passed this agenda, energy prices would decline over time. Perhaps this oil bubble would even burst in the short run.
The Democrats are not about to pass any legislation with this agenda however. The Democrats want high energy prices. They live a fantasy world of alternative energy. Alternative energy will not be viable for decades. We are still going to need lots of oil and natural gas even when alternative energy becomes viable. The most likely outcome will be non viable alternative energy technologies such as corn-based ethanol. The Democrats will panick and mandate additional non viable solutions just to convince the public that they have the answers.
Energy independence is a dumb idea. We need energy from reliable partners and more domestic development. Oil is a world wide commodity. If alternative fuels become viable, they will be world wide commodities also. We want to be able to purchase energy sources in open markets without the influence of cartels and stifling government regulations.
Worth a repeat my FRiend!
Speculation investing is what it is, speculation and is a "free" minded directive.
To lay blame on speculation for the price of oil is nothing more than a ploy to deffer blame for oil prices from the real problem....government intervention politically and a public who trusts government more than freedom.
If it were mandated via Congress tomorrow that we can drill for oil, the same day the market would jump and the cost of oil would drop via speculation.
You teach business, and you think a speach means nothing?
Dang. What school? I want to make sure my kids go elsewhere.