[nklr] the oil shortage problem
Posted: Wed May 28, 2008 8:06 am
Subject: The Oil Shortage Problem The following was written on
5-29-2008 by James Johnson to a woman on a discussion list who,
althought a conservative, was beginning to think that the solution to
our oil prices is for the government to nationalize oil. rw Dear
Beth, I share your frustration at the high oil prices, but do you
think that the oil companies are the problem, and is not what you
suggest the essence of covetousness? Is not what you suggest here the
essence of communism and the antithesis of capitalism and democracy?
Free enterprise and property rights are fundamental to a free people.
Take away property rights, and you have a totalitarian state.
Furthermore, do you believe that the government represents your
interests and desires the best for you? That's pretty hard for me to
believe. They basically want to make a lot of money, have a lot of
power, and get reelected time after time. The government to a large
degree has created the problem. They have bought the environmentalist
argument that carbon dioxide emissions are killing us, when nothing
could be further from the truth. Human production of CO2 has an
extremely small (.01 degree per year) effect on the global temperature.
Increasing CO2 in the atmosphere actually makes crops more productive
and does not appreciably warm the atmosphere. Greenhouse growers do it
all the time. The result of these ignorant lawyers trying to do
economics is that the collective sense of Congress has been been to
restrict ANY kind of energy production. Gov. Mario Cuomo even shut down
a operable nuclear reactor in NY state after they had spent years
jumping through innumerable regulatory hurdles and had the thing
running. They won't let us drill for oil where we know it is. They
won't let us open new coal mines. They won't let us build nuclear
reactors. They won't let us build new refineries. The government has
placed so many restrictions on energy production that we have to buy
energy from our sworn enemies. This is incredibly stupid. The price
of oil is not the oil companies' fault. They produce some oil and
benefit from the Saudis restricting the production in their own country.
When the Saudis produce less than they can, they drive up the price of
oil. The effect of the Saudi restriction of their own oil production is
further exacerbated by speculators on the oil futures market who buy oil
futures in expectation that oil prices will go up. The solution to this
problem is simple. Drill for oil. More oil means lower prices. We can
drill for oil in an environmentally friendly manner and we can do it
quickly. There is oil off the coast of Florida that the ChiComs are
getting because Congress won't let the much maligned oil companies drill
there. The same is true off the coast of California. The same is true
for oil shale in Colorado, Utah, Arizona and Wyoming. The same is true
of Anwar in Alaska. It is a complely foolish and ignorant energy
policy. Just two weeks ago, Congress forbade the development of oil
shale in Colorado. There are hundreds of billions of barrels of oil
tied up in oil shale out west in Colorado and Utah. At the current
price of oil it would be economical to produce oil from it, but the
environmentalists will not permit it because it has to be dug up and it
would mar the earth. Well, we are going have to do like Obama says and
revert to Third World status, or we are going to have to produce energy.
Something has to give, and a strip mine in remote mountains in Colorado
is NOT going to hurt us. The solution to the problem is not
nationalizing oil. The oil companies are very happy to produce all they
are permitted to produce. Having the government take over would not
produce a single drop more oil. It would make oil production vastly
less efficient. The solution is to tell the environmentalists to get a
grass shack warmed by buffalo chips and let the rest of us alone so we
can produce more energy and drive down the price. Robert Waters
www.TotalHealth.bz
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