investor2

The Oil Bubble Will Meet the Same Fate as Tech, Housing

It's encouraging to see some of you really do get it. Our economy is COMPLETELY dependent on oil. Oil is a finite commodity and the rest of the world is running OUT of it. You can't believe the Saudis and OPEC when they claim they have plenty of reserves. They are certified LIARS and only interested in their own wellbeing.

Thanks to our boneheaded environmentalists and dumbass politicians, we have become energy slaves DESPITE all the oil we have right here in this country. Don't believe the BS about it taking 10 or 20 years to extract this oil. With the technology we have now the oil in the ANWAR region of Alaska could be flowing within 2 years. The rest may take a little longer. But WE HAVE TO START somewhere, sometime and that time is NOW or never. Alternatives are years away and may or may not work out. OIL is ALL we have right now and unless we start DRILLING NOW, we will be facing GREAT DEPRESSION II within a few years.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

Whether oil is in a bubble now or not in a bubble is NOT the real issue. The real issue we have to solve once and for all NOW is to become energy dependent. Just like Brazil did. Otherwise we will be forever slaves to the whims of the market and the oil producers.

There's no doubt that supply and demand for oil is the primary mover as countries like China and India are demanding a huge amount of oil to develop their economies.

We have enough oil right here but our politicians just don't get it. As for alternatives, they're still years away and while we should work on them we should also be DRILLING OUR OWN DAMN OIL NOW. We have to attack this on all fronts. Alternatives are a wild card. Ethanol is a joke.....it actually creates more pollution and consumes more oil to produce than what it saves. The other alternatives all have pros and cons. We can't afford to wait.

I recall 10 years ago when Pres Clinton shot down the Alaskan Oil in ANWAR. The environmentalist wackos were ecstatic because finally we would come up alternative energy to replace oil. Well, here we are 10 years later and more dependent on oil than ever. If Clinton had opened ANWAR for drilling we would be getting a million and a half barrels of oil PER DAY right now. But Slick Willie was too busy drilling Monica instead.

Now we're the ones getting screwed at the pump!