Thursday, June 26, 2008
OIL
Gas prices are out of sight with no relief apparent. Though McCain supports 0ff-shore drilling, he leaves it up to the states, mainly Florida and California, to make the decision, and they are far from enthusiatic about the venture. Obama doesn't seem to favor anything except continuing on the current path. So much for the great hearalded change he spouts The Democrats say drilling no good because it would take 10 years to see any relief at the pump. I believe American ingenuity could bring this around in much less than 10 years. Also, if we had done this some years ago, we would feel the benefits now. The best way out of this mess is for Congress to subsidize gasoline and keep the cost down to $100 a barrel, and at the same time go all out to develop new domestic sources of oil, build refineries, and establish atomic power plants. Perhaps if the $600 recently provided to many Americans had been used to subsidize gasoline it would have been a better move and as so much of the economy is tied to oil, it may have pumped up the economy as much or more than the $600 handout did. Of course, we should continue to pursue alternate forms of fuel, but recall that most people own cars that are run by gasolene, so alternate means provide no out for them. We need oil in order to progress until the alternates become a reality and the people have time to adjust to the changes.
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1 comment:
I'm thinking you truly missed your calling. You probably should have been a writer for some well known political face, writing great speeches. I do so enjoy your outlook, in which at times I agree and at other times I really don't know yet. But it always gives me something to chew on. A fan!
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