While the Dem-Cong Vacations – Oil Bubble Bursts? How Can That Be?

As Congressional Democrats take their much deserved late summer recess, oil prices begin a decline; the question is – why?

Oil speculation wasn’t the Dems first villain, it was big oil and profits. BUT according to recent reports, a stronger dollar is being given partial credit for the rebound. Hmmm – the free-market at work. It seems that dollar dominated commodities such as oil and gold (which has also seen a recent rise in price) are used as hedges against a falling dollar. Go figure. H/T Drudge

THE biggest problem we have is our dependency on foreign countries that are not entirely friendly toward the United States for our energy supplies. We need complete independence from foreign oil. And how do we do that? Short-term is by tapping into domestic supplies and that means drilling. Long term solutions involve that yet undiscovered source of energy that would replace oil.

Alternative sources of energy is the ideal BUT not a complete solution. Placing their entire energy hopes in bio-fuels, the wind, and solar without ending our dependency issues now is foolish. We are in the current mess that we are in BECAUSE of liberal stupidity back in the 1970s and 1980s. They created our dependency on foreign sources of oil and now we are paying for it. If we do nothing to increase domestic oil production as an answer to rising costs now, how bad will it become in another 30 years? Democrats and their Politically Apathetic American Lemming sympathizers are blinded in their long-term fixations and ignore the immediate problem.

If the United States opened up to domestic oil production, our current sources of oil would recognize that their strangle hold on our economy would be ending and prices would drop. Even if it does take 3-5 years to see any yield from domestic sources the impact would be immediate.

We need drilling in ANWR and the outer continental shelf. We need new oil refineries. We need more nuclear energy. We need expanded coal production. And yes we need to harness the wind, solar, and better battery technology as well. Congressional Republicans are holding rogue sessions in the US House right now as Congressional Dems go windsurfing to bring awareness to this very thing. Without putting a real threat in place to challenge OPEC, we will slide into an economic recession which will rival the Great Depression. When this happens you can blame Nancy Pelosi and her pack of rabid socialists who don’t see a need to end our energy problems BEFORE the elections. Instead, they abruptly gaveled the House to recess and left to go windsurfing while you pay upwards of $4.50 a gallon while they play. All in order to give Obama an opportunity to use oil dependency as a political chip. But then he fails to deliver saying we need to inflate our tires and get regular tuneups.

Anyone who says we can achieve oil independence by hoping for alternative fuel development, checking your tire pressure, and getting tuneups is not truly giving anyone any true ‘Hope’ for a ‘Change’ in to our energy woes.

Related – Euro Falls the Most in 8 Years on Reduced Bets for Higher Rate H/T – Drudge
The great oil bubble has burst H/T Drudge

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