It Is Energy–Again

Hopefully you will remember all the hoopla about domestic oil……that prices will go down, it is in the national interests, we will be more secure…..blah, blah, blah………in the last election (2012) Gingrich promised if elected gas would be $3 a gallon…..or was it $2 a gallon?  ……and all the peasants danced!

And now wonder boy has issued his newest budget proposal…..same as the old budget proposal……..and as usual the GOP returns to the same lie that domestic oil drilling will make us more secure and oil independent……I have written on this many times and many times NO one is listening……drill baby drill is a slogan….NOT an energy policy!

And the Prez is talking energy and domestic oil….to fund alt energy research…..just how soon will it be before the Repubs bring up Solendra again?  About the only attack they have………How many times must I cover this before it sinks into thick skulls?

I have had enough of the simplistic crap!

One more time for good measure……..conservs want to be allowed to drill on public land and this will make us independent of foreign oil……that is bunk!  All it will do is give oil companies cheap leases….and gas prices will remain the same……

Then there is the support for the XL Pipeline which will take Canadian oil from Canada to Houston area refineries…….that will not make oil cheaper…..why?  It is Canada’s oil and they will sell to whoever they want…….the pipeline will create construction jobs but once finished will employ few workers……this will not makes us independent!

Even offshore oil will not be cheaper oil…….why?  Oil is old on the spot market and speculation will drive prices NO matter where the stuff is drilled……do you understand that?  Oil futures drive the price not the location of the rig!  Futures markets control price!  Does that compute?

Let us be honest……most of our oil comes from Mexico, Canada and Nigeria….very little comes from the Middles East…..if makes you feel better then by all means believe the slogans and the hyperbole…..but reality will eventually set in…..

Does anyone think that Exxon or Shell or BP will sell gas cheaper because it is drilled on US soil?  (that is a rhetorical question but it does warrant some thought)…..

You want cheaper oil?  If so, there is only one answer……an answer that few will like…..and it involves the “N” word!  As it is today….NOTHING will give you cheaper gas!  No amount of promises or vague policies will lessen the price.

How many times must I go over this issue before people remove their heads from the sand and realize that there will be NO cheap oil!