We can stand a temporary rise. It just solidifies the Rat defeat in November. Prices will start coming down in August or September when the defeat of the POS becomes certain. Offshore drilling will return to full production, the gas shale reserves will be freed from the restraint of the enviro-wackos, exploration of North Dakota oil fields will explode and by then there may not be an economically justified reason to even build the Canadian pipeline.
We can stand a temporary rise. It just solidifies the Rat defeat in November. Prices will start coming down in August or September when the defeat of the POS becomes certain. Offshore drilling will return to full production, the gas shale reserves will be freed from the restraint of the enviro-wackos, exploration of North Dakota oil fields will explode and by then there may not be an economically justified reason to even build the Canadian pipeline.First, we have to get Obama out. Second, I don't see anyone in the national spotlight that will actually do all those things. There are too many lily-livered republicans who cave to the special interest groups.
Personally, I don't think things will change much till we take to the streets and eliminate the dregs of society. If the GOP finally grows a spine and drastically cuts the socialist safety net those who have relied their whole lives on the govt. will act like what we have seen in Greece, England, etc.
The welfare state is holding us hostage and the feds suffer from the Stockholm Syndrome. They have become symbiotic with the welfare state. It will take some form of war to excise the welfare state from our system.