I’m not convinced that oil prices have reached a floor. But if it has not occured, then it will soon occur when Wall Street can see signs of ecnonomic stability (not necessarily recovery, just stability).
.
Once this happens, oil will slowly rise. However, once there are signs that our ecnonomy and the world economy is starting to grow again, oil will rocket back over $100/bll and possibly higher.
.
What is scary is that the geckoObama administration has offered no solutions to our energy needs.
.
Remember about 9 months ago, we were in an “energy crisis”. Well, the long-fundamentals have not really changed. We still do not have the capacity to meet our energy needs, nor does the world.
.
Obama and the radical left congress, along with the envior-nazis, has only focused on reducing fossil fuel use and imposing more taxes (i.e. cap and trade) on oil, nat gas, and coal.
.
They have neglected to actually provide a solution to our energy problems and have utterly failed in actually creating new energy sources or assisting alternative energy projects.
.
Making fossil fuels more expensive is not enough and it will not necessarily make wind/solar and other projects economical, unless we are paying $4-5 gallon for gasoline, and 3 times the cost for electricity and natural gas.
.
The future is very bleak indeed due to these policies. And soon we will see how mis-guided and ienffective they are. Hopefully before it wrecks our country.
.
I hope this helps.
Comment by get real - February 26, 2009 at 12:31 pm |
