Miky

Oil: The Inconvenient Truth

Fitz could not agree with you more regarding the importance of replacement of the internal combustion engine; however this will not happen for decades, the solution is to develop clean energy sources like they are doing in Germany, Spain and the Netherlands. Europe has set a goal to produce 20% of all their energy needs from wind, solar, geothermal and the ocean. President Bush threatened to veto last year’s energy bill if it included that provision; the U. S. is now targeting 20% by 2030. That being said, it’s all about the money.
I’m in Iraq now and the situation on the ground is going so well that we’ve handed Al Anbar Province back to the Iraqis, oil is being pumped out and with China investing 1.5 Billion this year alone plus all the major oil companies getting no bid contracts to redevelop the infrastructure here, it’s only a few years until Iraq is up to 4.5 mil barrels per day. Still the threat of Iran still looms on the horizon, it’s going to be a wait and see approach, only thing I know is that I’m buying more Iraqi Dinar asap. Once they readjust their currency it’s going to be a day in paradise.
Oh yeah, I have to agree with my mans opinion about Cali….bunch of weirdos…plus 38Billion in the tank when Arnold took over, not very effective management, don’t forget about that.

Oil: The Inconvenient Truth

Those who think that OPEC is going to allow oil prices to keep falling is dreaming and better wake up and smell the coffee. As soon as oil slips under $100 OPEC is going to cut production down and we'll be right back where we are now. They have become accustomed to getting paid and they know they have us by the sac, America needs gas to move everything, people, food etc. We cannot function as a nation without transportation, just take a look at I-95 all the way from Miami to Boston in a daily basis and you'll see what I mean. With the eminent bombing of Iran by either us or the Israelis,(and it's going to happen), oil will sky rocket to all time highs and we'll be wishing we paid $4.00 a gallon. We need to invest in alternative energy period, we have all the resources right here in the states, Japan is and Europe are so far ahead of us it's a shame, even China is getting into the solar and wind energy market. If the Straight of Hormuz is shut down or even half assed blockaded by Iran, you might as well get a job close to your house because you'll probably be riding a bike to work. America is the greatest country in the world, we are the industry leaders and we must move away from oil if we're to maintain our financial supremecy.

Thanks