OPEC prepared for $60 a barrel
OPEC has agreed to cut oil production and our "friends", the Saudis, are on board with it. Apparently, the new accepted minimum price for oil will be $60 a barrel. And this is just further evidence that we MUST do something about foreign oil dependence.
It's funny to me that when gas climbs over $3 a gallon, and the American people are pissed off, and our political leaders try to lean on the Saudis and other OPEC nations to ease the strain, they simply shrug their shoulders and say "there's nothing we can do", as if they have no control over supply and their wells are tapped dry. Then, when the price drops, suddenly the discover they DO have control of supply and decide to stick it to us. That's fine. I'm a capitalist and they have the right to do what they want with their resources, all I ask is that they don't piss on my boots and tell me that it's raining.
Just as they have the right as producers to alter the market, we have the right as consumers to do the same. It's time to END our dependence on foreign oil. The good thing is we can unite on this issue because I don't care if your motivation is to protect the environment or to eliminate OPEC's funding of terrorism, as long as we agree that it's time to stop this. The only question is how.
I think we can reach an agreement, a compromise if you will. First, we drill in the Gulf and the Arctic Wildlife refuge. The environmentalists will have to concede this for a return promise. Within a decade we stop burning fossil fuels for energy and all those drilling rigs can be torn down and the environment restored. Sound impossible? It can be done, especially if we come together on at least this one issue.
Will there be resistance? Of course. The oil lobby is powerful, but they can be encouraged to branch out into grain and grass fuels and hydrogen power. Capitalism always presents oppurtunities. And if we can pull this off, the OPEC crumbles, many of our terrorist enemies lose funding, the environmentalists are happier, and our economy no longer depends on what a few anti-American oil barons decide.