Monday, November 03, 2008

The lull in oil prices

With only hours till the election I am hoping to reach anyone who may still be on the fence on how they want to vote. With gas prices falling people my be lulled into a false sense of security. Some think this helps McCain's chances, I see it differently as I feel it helps Obama. How? The Republicans mantra has been drill baby drill, with lower oil prices this has diffused the need somewhat. But again, don't be fooled by this lull, OPEC has already said they will cut production sometime this November by about a million barrels a day.
Over the past 6 months I saved newspaper articles that point to the failures of the Democratic party that are a big part of the problem of why the high price of oil. I try to read as much as possible from as many different sources to get the full picture. The first two articles I want to paraphrase from were sent to me from a friend in Kentucky. They are written by Congressman Geoff Davis of Kentucky.
The truth about oil shale.
The US possesses abundant domestic energy resources that hold potential to increase our energy supply and possibly generate a third industrial revolution. Unfortunately the Democratic majority continues to avoid creating a comprehensive energy strategy that will increase our energy supply and reduce our dependence on foreign oil. The Interior Dept. estimates that there are 112 billion barrels of oil beneath US lands and costal waters. Plus America is home to the largest oil shale deposits, more than the amount of crude oil in Saudi Arabia. Enough oil to meet current oil demand for more than 250 YEARS. In 2005 Republican led Congress directed the Secretary of Interior to develop a program, however in 2007 the Democratic Majority suspended funding for the project.
This article is titled The truth about nuclear energy
Industrializing countries like China are consuming more fuel. As a result the demand has skyrocketed causing the price we pay for energy to soar. Nearly 70% of all electricity in the US is generated by fossil fuel. Nuclear power could provide safe, clean and reliable electricity. In the US nuclear reactors produce about 20% of America's electricity. In Europe and Asia they are embracing it. France and Lithuania generate more than 70% with nuclear. Unfortunately in the US due to litigation and government regulations, no new nuclear plants have been built since the 1970's.
This next article that I paraphrase from was written by Sen. George Voinovich titled Climate plan too costly.
Ohioans could see the loss of thousands of good paying jobs, shocking increases in gas, electricity, and gasoline prices and pocket-numbing decreases in household incomes. This storm comes in the form of current legislative efforts in Washington to mandate massive reductions in emissions of carbon dioxide and other greenhouse gases. The decisions made could result in the most massive bureaucratic intrusion into the lives of Americans. States like Ohio who depend on coal could suffer a 53% increase in electricity bills. China puts two new coal-fired power plants in service every week. India is building the largest coal mine in the world. America could shut down all its emissions producing activities and wouldn't even make a dent in global CO2 emissions.
Lastly, way back in January I attended the Cleveland Auto Show. Displayed was a nifty little Ford truck/van called the Transit. I asked the salesman is this available now? He replied, this vehicle is not new, its been sold in Europe for years but can't be released here until they clean up the exhaust because it makes to much black smoke. That kind of thinking and bureaucracy makes me crazy! Does Europe and the rest of the world live in a different planet or have different air than in America? Our socialist liberal politicians always makes the US the bad guy. The Democrats won't let us drill for oil, are afraid of nuclear power, and make it tough to use our coal! Vote for someone like Obama who feeds into this theory and the globalist restrictions and regulations placed on America to make us the scape goat will break the back of this nation, not possibly but will.


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