Regular readers of these columns no doubt understand they are written from the right side of political thinking. I think and write from the right side because to me the opposite of right is wrong. Recently I have published some columns on the skyrocketing price of gasoline and oil. As you might expect, some from the other side have taken exception to some of my more cogent comments. Today I will try to examine some of the comments from the “wrong side.”
have written that the high price of gasoline is laid at the feet of the
President. He has failed in his duty to open up exploration and
drilling. He has failed to approve the Keystone pipeline project. The
“wrong side” would have you believe high prices are not Obama’s fault.
They contend that oil prices are determined by world supply and demand
and our president has no control over those prices. Actually, oil prices
are only partially controlled by world demand and supply. Do you know
what else determines the price? Speculation. Not just by supply and
demand, but also by pure unadulterated speculation. So let us speculate
for a moment.
do you suppose would happen to the worldwide price of oil if President
Obama held a press conference broadcast to the entire world, which most
are anyway, and made the following announcements. The United States will
immediately begin drilling in Anwar and the Gulf of Mexico and open up
all tapped wells which have already been drilled. The United States will
immediately approve the Keystone Pipeline project and begin building
enough refineries to handle the increased supply. In addition we will
immediately begin drilling and recovering natural gas which has already
been discovered. We will also increase our efforts to mine the coal
which lies beneath our feet and convert this product into usable fuel.
End of press conference.
“wrong side” would have you believe that it would take years for any of
this to actually affect the price of gasoline. Not so. This is what
would really happen. The worldwide price of oil would immediately
tumble. The supply of gasoline would dramatically increase to such a
degree that those prices would also tumble. OPEC and all other worldwide
suppliers of oil would see the handwriting on the wall and change their
attitudes instantly. They know they cannot drink it. They also know
that America has a larger supply of these natural resources than anyone
else in the world.
question supply and demand are huge in determining the price of oil,
but so is speculation. The speculators would see the same handwriting
and would find a different way to lose their money.
there is no doubt that the “wacko environmentalist lobby” is in control
of this administration’s actions. I am convinced that this whole bunch
we have in charge in Washington actually prefer higher prices for fuel
because it makes their phony over-priced green energy projects appear
more viable. As I have mentioned in earlier pieces I am not opposed to
alternate energy. I just believe we need a more intelligent approach.
Knee jerk responses to these issues are a tactic of the “wrong side.”
will continue to think and write from the right side of the political
spectrum. It saddens me that the “wrong side” has gotten so much
influence in this country. It saddens me that we will probably have to
suffer greatly before they are rejected by the country as a whole. But I
promise you this, they will be rejected.
Ron Scarbro April 4, 2012
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