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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (7803)2/27/2009 12:12:53 AM
From: Hope Praytochange  Read Replies (1) | Respond to of 103300
 
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).
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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.
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What is scary is that the geckoObama administration has offered no solutions to our energy needs.
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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.
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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.
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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.
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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.
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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.
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I hope this helps.
Comment by get real - February 26, 2009 at 12:31 pm