2. The reason the price of oil is what it is... is simply what someone will pay for it. Behold: the intersection of the supply schedule and the demand schedule yields the price!
3. Humans lived for well over 100,000 years without using oil. Just saying.
"A witty saying proves nothing." Voltaire
"A witty saying proves nothing." Voltaire
I’m on the fence about oil speculation, I hear both sides of the issue but can’t make up my mind on it yet which is very unusual for me, I am nothing if not opinionated.
You know, the interesting thing about this thread is the moment someone begins a discussion that is of interest to conservatives, they immediately forget about all the arguments of "big government" and "the free market system" or whether or not "government plays a role in our lives". Yet, here we have all this chatter over how Congresswoman Bachmann may be able to achieve her foolish promise of bringing down the cost of gas to $2.00 a galloon and the best ways to do that go contrary to conservative ideology - "big government" via government subsidizing a private sector industry -- more government spending and possibly more federal regulations.
Truth is, it's going to take alot more than government subsidies to big oil, opening our SOR, or implementing more domestic drilling in order to bring down the cost of gas to $2 levels long-term. The U.S. dollar will remain the world's reserve currency atleast for the next 20-30 years if not longer where purchasing oil from OPEC-member countries are concerned. And as long as it remains such, the dollar will play a role in the global marketplace. As long as oil supplies remain constant and affordable, the U.S. will continue to buy it from abroad.
There's a book I'm reading entitled, "Bad Money," by Kevin Phillips. He goes into great detail to explain the connection between the U.S. dollar as the world's reserve currency and how the dollar is closely tied to foreign oil. There's alot more to it, but if folks have been paying close attention to events over the last 30 years but in particular the last 7-8 years, you'll know that $2/galloon gas is a pipe-dream. The only way it happens without involving more big government and increasing the national debt/deficit OR going to war with yet another oil-rich nation is to take on many of the energy initiatives President Obama has been calling for - more energy efficient vehicles, trading with non-Middle-Eastern/OPEC nations, implementing more energy efficiency in our domestic appliances, relying more on alternative/renewable energy, building more energy-efficient homes and commercial buildings. Fact is, even if we open up our SOR or implement more domestic drilling, neither are the end-solution to $2 gas long-term. We have to do alot more in order to get there. For all practical purposes, President Obama is trying to lead the way in that area and would have far greater success if folks in Congress would just listen and stop being so damn partisan/obstructionist and looking out moreso for lobbyist/corporate interest rather than what's best for the country.
You mean ending regulations in much the same way as the Chinese government has? Here is a link to a picture of an oil derrick from the big bad non-regulated Chinese:
I don't see any of the 'following of the lands' as you alluded to. Is this what you were alluding to when you suggested "The end result would be our oil fields would look like the oil fields in nations that don't have those "governmental / legal regulations". Please leave the sensationalized posts to the NY Times.
As for air quality, here is what modern day China looks like--I'm not seeing any pollution....
Google ImagesBut then again in the highly regulated United States we surly will not see any non-breathable air. How about a picture of modern day Los Angeles. Governmental regulations saves lives right?
Los Angeles California Downtown Mountains Plane Smog | Flickr - Photo Sharing!
Please...I can play your game too.
By the way, I have been to China many times. Hong Kong is by far the most beautiful city I have been to in the world. As for your assertion that you cannot hear the birds in the parks in China, I'm calling you a liar. Look there goes a flock of birds now (see link below) somewhere close to Hong Kong...I can almost hear them crying 'fowl' to your sensationalism even from here in my very polluted yet regulated homeland.
Dscf0707.jpg photo - vincent chan photos at pbase.com
Maybe next time when you try to discredit my original post you will actually attempt to engage me in a well thought out rebuttal as opposed to the tomfoolery you are attempting to pass off as fact.