oilsands

4 Factors Fueling Oil Prices Higher

Amazing. So many ignorant comments on top of an article which surveys but fails to mention important factors.

1. Canada is our number one source of petroleum. The crash of the dollar is strictly a result of turning Uncle Sam into a beggar; George Bush and cronies think the solution to every problem is to print more money and talk big. When Bush took offic the Canadian dollar was at 65 cents, US; now it is over a dollar US. You do the math.

2. We have unlimited free energy if we choose to tap it. Geothermal, wind, tidal, hydro, solar are all around us. The gulfstream has mind boggling amounts of dependable energy.
An article in Scientific American stated that a mere 1 % of the Nevada desert could provide all of the electric needs of the entire USA.

3. Unfortunately our energy policy is dictated by the foreign oil companies who make lavish campaign contributions to both parties.

4. Contrary to the propaganda we are fed, we can harness this free energy NOW; it does not require decades of research. Sure, there are advances that can be made in utilizing coal, but that is not necessary for our energy independence.

5. Canada's oil sands have more petroleum reserves than all of Saudia Arabia. Yet our government was apparently asleep while China arranged to build a pipeline from the oil sands refinery to Vancouver where it can load it aboard tankers for delivery to the PRC. How's that for protecting our interests?

6. Congressional subsidies to oil companies amount to 81 billion per year. Factor that into the price per gallon and we are really paying $7.00 plus per gallon. That isn't coounting the amount we have spent year after year deploying troops strategically to watch over our interests.

Our family has been making money on oil for generations. But we don't need or want to see our country go belly up from sheer stupidity.

Wake up people. Start by not accepting the propaganda from Washington and through the lavish ads of major oil companies. Demand a policy which benefits American citizens for a change.