As oil eclipses the $70 a barrel mark, it’s evident that we have a serious problem, and the Arabs have us by the…you know what. We consume 25 million barrels of oil a day, 60% of that is imported from OPEC. The problem is that OPEC controls the price, which is driven by fear and NOT by the free market. When you consider that it costs $1.50 to pump a barrel of oil from a Saudi well, then obviously somebody is doing some major price gauging along the way…and it needs to stop.
Personally, I’m tired of overpaying for oil. Our dollars are funding extremist governments that hate America, and it’s impossible to deny that this money doesn’t end up in the hands terrorist organizations determined to destroy our nation. The Middle East is becoming more of a power and it’s because of only one reason, oil. They have us hostage and loom over us like the execution videos that they so regularly release. We, the American consumer, are on our knees hoping the worst doesn’t happen. Well, I’m tired of it. Action needs to be taken to bring down OPEC, and I’m willing to do whatever it takes.
No one in leadership seems to have any ideas. That's concerning because the status quo is simply unacceptable. The only viable ideas I've heard have been from Raymond Learsy in his book Over A Barrel. In tomorrow's post I'll detail his ideas, sure to bring OPEC to its knees. Meanwhile, I want to hear from others. I want to know how YOU would deal with our current oil situation. I'm interested to know what some think.