With oil futures prepared to exceed $100 per barrel because of political upheaval in Egypt, why is it that the Obama administration and his bureaucrat brown-shirts in the EPA are continuing to stand on the necks of domestic oil producers here in the United States? Sharp rises in cost at the gas pump in an economy already gripped with inflation is a recipe for disaster. Seriously folks, WTF are we doing, still depending on foreign sources of oil? Why are we continuing to line the pockets of nations who are not friendly to us in order to buy THEIR resources? None of this makes any sense. If shit REALLY hits the fan in Egypt and the Suez Canal oil shipments are disrupted, how long will it be before the United States uses military intervention to correct that problem? I thought the leftists in this country (now in control of the federal government) were dead-set against spilling blood for oil.
Like it or not, in order to secure our country's economic future and pay off our MASSIVE debt, we need to have abundant, inexpensive energy to increase our GDP. At present, oil and coal are our most abundant natural resource for producing energy. Alternative energy sources are not able to meet that demand, sufficiently. Since global warming is proving to be nothing but a crock of shit, there are only two other reasons I can think of for developing alternative sources of energy: First, to improve air quality in urban areas, and secondly, because we are still unsure of how much oil and coal we'll have left. Alternative energy technology is making advancements, but not nearly fast enough for it to be cost effective. In the mean time, we NEED to have less restricted access to our own carbon based fuels to produce cheap energy. That would go a long way toward reducing inflation and boosting our economic output.
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