Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
Essentially correct, although it simply isn't possible for the US to suddenly cut out 10m barrels a day. This is why we had all better get used to the idea of $5.00+/gal. gasoline. The demand from China, India, and the remaining european and asian markets is going nowhere but up, even as we are starting to make small cutbacks. The ridiculous part is that any of you believe it's Bush's fault.
Please point out what Bush's energy policy has accomplished over the last seven years. If we had instituted a stiff gas-guzzler tax in 2000 and began a moon-shot style program (oops, forgot, that takes a real leader like JFK) of nuclear power expansion and coal gasification we would not be in this mess. I have worked in the oil and gas industry for the last thirty years, and the mess we are in today was essentially predicted ten years ago. Like GermanStar says, if Colonel Sanders got elected president and the price of chicken tripled, wouldn't you be a little suspicious?
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address