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 : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (75998)	7/21/2008 10:36:09 PM
From: greenspirit	Read Replies (1) \| Respond to of 541941

Oil companies aren't the enemy. How they conduct their business is up to them in a free market system. All we can do is help create an environment, which makes it more likely for them to provide energy at a reasonable price. Locking up billions upon billions of the largest known deposits of oil doesn't serve that purpose. In fact, it serves just the opposite one. Supporting an environment where thousands of tankers cross the ocean every day from foreign governments, many of which are dictatorial and owned by that nation, while simultaneously preventing the extraction of that same cargo from U.S. shores and U.S. companies is economic suicide. It makes absolutely no sense to increase dependency on foreign sources of oil, when that capacity exists within our shores. Most nations of the world support their corporations and hope they succeed in the global competitive environment. We appear to have quite a few citizens who would rather see Saudi Arabia's Aramco fill their bank accounts from our middle class, in order to give them the opportunity to purchase our companies and landmarks. This path if continued is a recipe for economic disaster.