Posted July 19, 200817 yr I had to write a quick argument for or against some hippy article on everyone's favorite topic: feel free to bash!!!! (cutting halfway into it)The other huge problem with the price of oil is that it is traded inAmerican dollars. Unfortunately, the value of the American dollar isfalling. Thus, it does not make sense to trade something in Americandollars because what you give up grows in value, while what you got inreturn falls in value. So to account for this, companies have beguntrading goods for oil, transforming oil from a commodity to a currency. As we all know, once something becomes a currency, it issubject to inflation. When less oil is distributed, there becomesless of the currency and then each drop of oil becomes vastly overvalued. As the article points out, the bulk of the current oilreserves are controlled by hostile powers. Therefore, those powerscontrol the amount of oil that is sold and the price becomes inflated. By opening up our own oil reserves, we circumvent the hostile statesand lessen their power to control the market. Then, they have torelease more, at a lower price, to compete with American oil. Oncethat happens, we can actually lessen our own drilling and use ourreserves as leverage any time the foreign powers threaten to squeezethe market again. With the hippies in office though, the foreignpowers know that we won't do our own drilling and they have carteblanche to do whatever they want with the market. What the democrats have actually done is taken a nation that isfounded on the principals of lassez-faire economics and created aninternational market that is controlled by the state. The worst partis that they have ceeded state control to other nations and taken thebackseat. We have now become the self-created proletariat. It runsantithesis to any conventional economic and social theory. We haveactually chosen to be poor and oppressed instead of the rulingauthority. It would be as if a homeless guy on the street haswaterfront property in Annapolis, but chooses not to live therebecause he doesn't want to upset the deer. That is why when I rulethe world we will hunt with oil drills and kill as many cute animalsas possible.
July 19, 200817 yr I highly, highly doubt we could ever drill enough in the US to produce at the kind of rates that the gigantic Saudi fields discovered 40 years ago can, even today. Sure, we could probably offset imports a little - but not to the point where OPEC would actually begin to feel threatened by us. The better solution would be to refine viable alternatives, thereby making OPEC of no value to us.You may laugh at "hippies", but a sizeable number of them are walking the walk before most in mainstream America, and have been doing it long before being "green" was trendy
July 19, 200817 yr There is more oil in North and South Dakota than the Saudi's have......but it is the tree huggers that don't want us to harm the wildlife(which I understand)......We need to drill in the gulf and in the Atlantic.....
July 20, 200817 yr They have alos desovered one hell of an oil deposit back home in shouth western NYHopefully this pays off............if it does the family stands to make some $$$
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