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Do Lawmakers Really Understand the Energy Markets?

Lawmakers understand one market. What I must do to get re-elected. All else is incidental to keeping my power and control and the huge benefits I receive as a lying politician.

$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 3)

Some say oil production has peaked. (We are running out). Some say it has not. (Regulations are preventing additional drilling). Those who like the "peaked" argument are pushing for alternate sources. Wind and solar are the two most mentioned. And in time might contribute to our needs. At present they are expensive and do little to correct our problems. It takes subsidies by taxpayers to maintain activity. It is pushed by those who believe man is ruining our planet.

On the other side are those who believe we have oil for years and years and would like to go forward drilling, and along with more nulcear plants and coal fired units would ensure that oil would last even longer. Government is the obstacle for this approach.

As a result, little is beiing accomplished, it has become a political football, the score is basically tied and no one benefits. And the energy crisis grows daily. The debate heats up, the economy is injured, people and businesses suffer and a continuation of this stalemate will cause serious damage to our Nation.