OPEC Helps Cure Our Oil Addiction
Reader Comments
re opec
Well mr opec I can remember when a beer was .25 cents a loaf of bread .35 agallon of milk .75 .Oil needs to be 75.00 per bbl The oil patch is shut down now because of the low price look out here comes 250.00 a bbl oil 2012.Sincerely Michael
Re OPEC
Well Michael, I can remember when oil was five dollars a barrel and nobody was losing money on the deal, you can thank Gerald Ford and vice president Nelson Rockefeller for changing that situation into the mess we are in now....
oil and natural gas
Have everyone forgot about the domestic oil and gas industry we need oil at 70.00 per bbl and natural gas at 8.00 per mcf to produce our wells in the USA.This stuff is exspensive to produce and drilling cost are high.Local production is cheep when you dont have to send millitary over seas to get the production back home in the USA.However when oil falls over seas so does it fall for domestic producers that produce oil in Ohio Texas Wva ect.If the price keeps falling the domestic oil producer will be looking for a bail out .
About comment # 1.
It amazes me that the USA has allowed itself to be walked on by our so called 'friends'.
What is required in this situation is for Yankee Ingeniuty to come to surface; not entirely unlkike the Wright Brothers, Thomas Edison, Henry Ford etc.
What I have trouble trying to figure out is why the USA can put a man on the moon, but can't figure out a way to devise a twenty ton, eighteen wheel ordinary truck, that can move a big load for three thousand miles sans the consumption of diesel fuel.
Short Term Answer
We have plenty of energy resources right here; coal, natural gas and vast oil fields off shore and in Alaska. Nuclear is our best,long term option. We simply lack the political will to use these resources and technologies. Our society and economy will suffer as a result.
We have become a nation of "Green Ninnies" - afraid of all sorts of eco-bogeymen - which seem to lurk in every human endeavor and activity. And, our new president will merely beat the drums of alarm louder and lead us ever further - backward.
