Gingrich video on oil

[Bartruff1]

Originally Posted by HI Cobra

What would you recommend?

It is what the American Public has decided to do. In the 1970's the Public for a variety of reasons (thru the elective process) decided to let the market rather than the goverment determine our energy policy. Rush isn't right about much but he is likely right about alternative energy sources replacing oil when the profit is there. It is very risky to let a "Congress" motivated by local economic interests set a energy policy, for example the recent biofuel program that comsumes more energy than it produces, raises the price of food etc... all to benefit the midwest farmers. One of the OPEC Ministers recently remarked that the Stone Age didn't end because we ran out of stones, but because a more effective technology came along and that is what has always happened throughout history. And that is what will happen in the oil age. I suspect that the price of oil is a bubble that is created by the devaluation of the dollar and the foolish threats by Bush and the Israelies against Iran. It is hard to believe that the demand for oil has more than doubled in the last 6 months ?? The bubble has already burst and it is likely that this is highest price we will ever pay for gasoline in real dollars assuming there is no war in the Middle East....in short...short oil...

[jmimac351]

Originally Posted by Bartruff1

It is what the American Public has decided to do. In the 1970's the Public for a variety of reasons (thru the elective process) decided to let the market rather than the goverment determine our energy policy. Rush isn't right about much but he is likely right about alternative energy sources replacing oil when the profit is there. It is very risky to let a "Congress" motivated by local economic interests set a energy policy, for example the recent biofuel program that comsumes more energy than it produces, raises the price of food etc... all to benefit the midwest farmers. One of the OPEC Ministers recently remarked that the Stone Age didn't end because we ran out of stones, but because a more effective technology came along and that is what has always happened throughout history. And that is what will happen in the oil age. I suspect that the price of oil is a bubble that is created by the devaluation of the dollar and the foolish threats by Bush and the Israelies against Iran. It is hard to believe that the demand for oil has more than doubled in the last 6 months ?? The bubble has already burst and it is likely that this is highest price we will ever pay for gasoline in real dollars assuming there is no war in the Middle East....in short...short oil...

Liberal.

[jmimac351]

For liberals to be right about supply not affecting oil prices and that it's "pointless" to drill for oil you must also believe that homebuilders are crazy not to keep building homes in a market glutted with empty houses. The supply of homes is way more than quantity demanded and prices are falling. Go figure...

Don't tell me about "10 years". Watch the TV show Black Gold. In 55 days they are pumping oil from the time they set the well up.

There are many people in this country that want higher oil prices because they want to undermine America - period. And going after energy is the way to do it.

Push is coming to shove and more and more people are calling BS. And it's about damn time.

[Bartruff1]

Originally Posted by jmimac351

Liberal.

Tell me, what is liberal about a free market.... supply and demand solution ? It is the exact opposite of a liberal solution.

[jmimac351]

Originally Posted by Bartruff1

Tell me, what is liberal about a free market.... supply and demand solution ? It is the exact opposite of a liberal solution.

Sorry Bart, I must have misconstrued your criticism of Israel rightfully feeling threatened by a lunatic promising its destruction and trying to build a nuke to bring about the 12th Imam. Or is Iran running short on oil and needs nuclear power for "peaceful" purposes? Foolish indeed...

[jmimac351]

I think we should cut oil production. That way the price would come down.

Or could the opposite be true?

[Bartruff1]

Originally Posted by jmimac351

Sorry Bart, I must have misconstrued your criticism of Israel rightfully feeling threatened by a lunatic promising its destruction and trying to build a nuke to bring about the 12th Imam. Or is Iran running short on oil and needs nuclear power for "peaceful" purposes? Foolish indeed...

at least you have good taste in motors... have a nice day...

[jmimac351]

Originally Posted by Bartruff1

at least you have good taste in motors... have a nice day...

You too Bart. No hard feelings. The Muslim world respects the use of force, and I'm inclined to oblige them.

[jmimac351]

Hey look! It's a Kirkham!