black posted:
look at how the market reacted when Pres. Bush removed the executive ban on drilling....the futures market took note and the price dropped because the probability of more oil coming on the market in the future grew with just those words. I can only imagine how much the price will drop if the democrats got their act together and did the right thing.
The futures market is the same thing as the "speculators" the democrats were warning us about and blaming for the high price of oil. Notice that when the "speculators" started to believe that the US is finally getting serious about adding more oil to the global supply, they started bidding the price down, even with not one new drop of US produced oil hitting the market. Also keep in mind the rhetorical shell game that Nancy Pelosi, Harry Reid and Barack Obama keep playing. They keep saying that the republicans' "only" solution is to drill more. That's a bald faced lie. The republicans are putting forth proposals to drill more while also providing some incentives for development of coal, nuclear, biodiesel and other alternative energy sources such as wind and solar. The difference between the democrats is that the democrats want "no" new drilling, even though they might publicly say that they "might" favor "some" additional drilling. Them's weasel words, right there. The democrats also want no new coal or nuclear produced energy because they are beholden to the far left greenies such as the Sierra Club and Moveon.org.
Also, keep in mind that the heavy greenies want gas to be expensive. They would like nothing better than $10.00 gasoline prices. Why? Because it would force more people to use their utopian mass transit systems and start forcing people to move back into the big cities from the suburbs because of the commuting costs. In the big cities, the far left reigns supreme. How many large cities (over 250K) aren't controlled by democrats and far lefties. I bet the list is rather short. The far left wants the US to become a spitting image of socialist Europe.
Here's something else to think about. Nancy Pelosi claims she doesn't want to drill because she's saving the planet.
Whoo Boy! OK, let's explore that a little further. If the US is not drilling, then who is drilling to supply the world's oil demands, including our own? The Chinese, the Russians, the Venezuelans, and the Arab Countries. How safety concious do we believe those countries are? How environmentally concerned are those countries when it comes to increasing the revenues to their economies?
Who would be more trustworthy to protect the environment as much as possible while drilling for more oil, the US or China, Russia, Venezuela, etc.? So Nancy Pelosi might actually be helping to destroy the planet by making sure the less environmentally friendly nations are doing most of the drilling.