Blame the Environmental Whackos

The price of oil is becoming a real problem for the economy and thus the stock market. Yesterday with oil surging to more than $123 per barrel the stock market took a major hit and put in question the viability of the recent positive trend in equity prices. In my opinion, if the price of oil is not soon contained the U.S. economy will soon be reeling and economic disaster would be looming.  This is a very frustrating situation to report since this entire oil situation could have been avoided years ago with a little logical thinking and political courage. Let’s make it clear.  There is no global shortage of oil, particularly here in the U.S. If it wasn’t for the environmental whackos we would be drilling in Anwar by now and getting that valuable oil.  The same for off-shore drilling in the Gulf of Mexico.  Motorists should remember all of this when they pull up to the pump and get sticker shock.  By the way, there has not been a new oil refinery built in this country in more than 30 years!  So my friends let the sultans of Arabia get rich and happy while we suffer but don’t blame them.  Blame the environmental nuts that have imposed their extreme views on the rest of us. 

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