Monday, August 4, 2008

Oil Reserves

What makes Obama think selling oil reserves will solve any of the problems we have with oil today. Is it just a band-aid to lower prices temporarily? He can't be serious! It must be just a political ploy to get headlines. I thought he was an eloquent enough speaker to command headlines without pulling some lame stunt like that.

A couple of months ago, when Hillary thought we should shake loose of some reserves, Obama claimed it would do nothing for the prices or reserve stockpiles. Now he has taken an about face on the issue.

Come on Obama! What's with you anyway? How has our situation changed that we can now sell oil reserves and fix the oil problem. It hasn't! Your just looking for press!

It is a well known fact that oil prices today have a built in speculation cushion of about 30%. In other words, without speculators manipulating the prices they would be considerably lower. Even at that; how significant would it be. I say notta! At $2.80 per gallon; gas would still be to high. There just is not enough money in a consumers pocket to pay that price for gas continually. Add to it escalating prices at the grocery store and other places and it is clear; we need to do something drastic. Selling oil reserves is not it and neither is drilling off shore.

Drilling off shore will not fix the problem. We need drastic policy shifts of a green nature along with the incentives to draw serious investors out of the woodwork with enough capitol to dive into wind & solar power with the tenacity it takes to come out the other side with a workable solution that will at least LOOK like there may be some hope for a greener sustainable future.

If we end up taking a back seat on a global scale; it will only be the fault of the few holding the controlling interest in the oil supply in the USA. It doesn't have to be that way. We had what it took during the industrial revolution to see far enough to put us ahead of the curve far enough for it to last into this century. Now let's do it again. We are the free thinkers of the world. Come on; we can do it.

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