Peter Sterling

On Oil and Its Manipulation

Its idiotic to try and legislate the oil price down. Stop buying oil from overseas first. Develop our own reserves.

By imposing bans on leasing, and encouraging environmentalists to challenge seismic and drilling permits on existing leases, politicians ensure that we will never increase our proven reserves. In fact, reserves will decrease, as we deplete existing deposits and don’t replace them. The rhetoric is clever – but disingenuous, fraudulent and harmful.

Continued US drilling restrictions will further exacerbate the global demand-supply imbalance, and send “futures” prices even higher.

Short-sighted and ill-informed Environmental groups have hijacked and destroyed the American economy over the last 30 years by closing off America’s energy supplies.

America is the only country in the world to close off its offshore oil and gas-fields to development.

Its simple to get new American energy supplies quickly, Appeal to Corporate Greed: If oil companies are given enough financial incentives, they will move much faster than anyone believes and could find and start producing new oil and gas within 2-3 years, then ramp quickly up to produce enough energy to completely replace oil imports within 10-12 years.

See; www.strategicnine.com/...