Bush Asks Saudi King to Open Oil Spigots
Is this not how we go into this mess?
ABCNEWS-Perino added, “This is not a situation that’s going to be solved overnight, and that’s why on a parallel track the president has been pursuing aggressively alternative and renewable forms of energy.”
When Bush ran for the White House in 2000, he said that he would “jawbone” America’s Saudi allies to lower the price of oil. The price of oil has hit a record of $100 a barrel, but has slipped to a current price of $91 a barrel on fears that the U.S. economy is headed for a recession.
Why not open up ANWR? Why not encourage more Oil Shale development or the offshore fields currently off limits?
Yes, short term there is a need but that is due to decades of bad policy to shore up the dollar by protecting OPEC nations as long as they sell oil in Dollars.
Jan
What’s the conservative solution to large players “limiting supply”? Frankly I have no idea. But the video you posted clearly states that there are some EXISTING WELLS which have been capped. (outside the ANWR area) And as you may know I don’t believe in the whole “peak oil” theory.
There is none.
Until we have a currency and economic collapse there are no solutions available. The voters are going to keep electing those who respond to Wall St. and the Central Banks and the international elite.
That is the point von Mises makes. Collapse is the only way this type of crisis can end.
We got into this mess because the arrogant elites did absoultely nothing following the OPEC embargo way back in the 1970’s. What a bunch of hypocrites they all are!
Joe, if you haven’t read this article, please do so
THE FINANCIAL TSUNAMI PART II:
The Financial Foundations of the American Century
by F. William Engdahl
January 16, 2008
While long, it really digs into the history of who created the “American Empire” and what its purpose was.