Good for Gov Perry.
Obama has been thwarting energy efforts in Texas from the very beginning.
The want to crash the greenback, make us beg for new IMF tokens.
$300-dollar-a-barrel oil will send a tingle up the legs of environMENTALists.
And my company just ended its telecommute program and all other forms of flexible schedules. Travel costs are going to sky rocket. ugh.
What Perry isn’t saying, and probably knows, is that BHusseinObamugabe wants $200/barrel oil. As he and Soros know well, $200/barrel oil means a redistribution of US wealth to other countries.
We get a minority of our oil from the ME, but of course oil is a global commodity. Oil going that high would destroy the global economy.
Yes, we need to explore and tap our own oil here, but we also need to make any oil produced, refined and sold here tax free on the profits.
Holy crap! I just got back from the store and that bottle of Italian salad dressing that was $1.50 last week is now $3.98
Stand by for major inflation.
Food shortages coupled with increased fuel cost is a bad recipe.
Ridiculous. If it got anywhere near that high, demand would fall off a cliff and the price would come down.
This seems like nonsense too. It's not as if domestic oil is set aside for domestic use, is it? Doesn't it simply flow into the world oil market? So how does that make us independent, if we're still subject to global demand for oil.
How about Gov Perry order the opening of more wells and more drilling in Texas? He can also issue the order that none of the newly drilled and discovered oil be sent anywhere outside Texas. The feds shouldn’t be able to touch it since it is not interstate commerce.
Demand will fall off as prices exceed about $150 a barrel, which make further increases difficult over time. High prices might work in our favor, though those with lower incomes would certainly suffer. The reason high prices could be good is that the national discussion on energy will take on a different tone. It’s easy to pretend to be green when its’ not too expensive.
The liberal answer will be mass transit, our answer will be drill baby drill. Let the festivities begin! I’ll take that battle.
This is all BS...They are just getting as much money for fuel as they can get away with...There is no shortage....
What say you?