Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Altman who wrote (34483)	7/15/2008 12:30:03 AM
From: RMF	Read Replies (1) \| Respond to of 224737

Energy is freedom, but energy based solely on OIL is NOT. So, let's say we had started drilling on our continental shelf and in Anwar and EVERY place there was a 'drop' of oil 10 years ago. Would gas be cheaper today? Yeah, probably. It would only be up to $4 bucks rather than $4.50. You see, OPEC adjusts their output according to the market price. If we were pumping more oil in the U.S., OPEC would have been pumping LESS. It's rather naive to think that there would be the SAME amount of production coming out of other countries if the U.S. were pumping more oil on its own. We HAVE to get off this addiction to oil and these higher prices are just what the "Capitalism Doctor" ordered. If gas was still at $2 bucks the geniuses at Ford and GM would still be building those behemoth monstrosities and not even caring about fuel efficiencies. As it is now, those guys have finally had to WAKE UP and see why Toyota and Honda have been continually taking their market share. LET the airlines go broke. Maybe the Country will start seriously looking at high speed train technology, where we've been COMPLETELY left behind by the Europeans and Japanese. I'm hoping gas goes to $10 bucks a gallon.