So many of you have asked me what I think is the problem with the economy and the oil prices, well here is how I see it. Let’s start with the oil prices. I see two problems here, first is the peace loving, tree hugging, kiss a fury mouse or fluffy owl, environmentalist nut jobs. These nut jobs have gone to great efforts to block everything we have tried to do to become energy independent. Each time we have tried to drill or build a refinery somewhere they have blocked it claiming it would hurt some kind of stupid mouse or owl. Or they complain that it would pollute the environment or it would be an environmental disaster. Now I will say this I do think we should protect our environment, but not at the cost of providing for our families. If it comes to putting food on the table and providing heat for my family or protecting some stupid mouse or an owl, guess what…. Sorry Mr. Mouse you loose! Because of these nut jobs and their influence on the government, we have not built an oil refinery in over sixty years. They have also blocked any drilling in areas we know has millions upon millions of barrels of oil. Listen people, I believe that technology has come a long ways in recent year, and the chance of some kind of disaster happening is now very small. Right now according to all I have read we have enough oil that we could be energy independent for about the next one hundred years, we just need to start drilling and using our own resources, but we don’t we go to all this effort to get our oil from other countries. To make things worse, I just read that right now just sixty miles off the shore of Florida, China and Cuba are trying to get the rights to or have already started drilling for the oil that is there, that is sad. Along with the environmental nut jobs are the oil speculators. These are the guys who sit in there office high up on wall street and live in million dollar penthouses in down town New York, these guys bid on oil based on their speculated price of a barrel of oil and other things. Now there is nothing wrong with that part, but here is where the problem starts. These guys are bidding on oil that they will never take delivery on. They have no place to put a million barrels of oil anyway, where are they going to put it, in their living room of their million dollar penthouse? This is the only time I would say that the government needs to get involved. The government needs to very simply tell these guys, if you bid on it then you must take delivery. I feel that if they were to do that then there would be a lot less oil speculators and the price of oil would then start to reflect that.
While we on the subject of the government, let’s address the second part of what I see as the problem with the economy and oil prices, the government. The government in my opinion needs to be out of the oil market completely. We need to let the market decide the price of oil. We need to remember that the price of oil will only go as high as the market will allow. We need to encourage competition in the economy, only then will the prices come down and the market become more stable. Now some of you have said that the government needs to regulate and tell the oil companies that they can only make X number of dollars in Profit. Now I would agree with you the oil companies have made an unbelievable amount of money in profit, However I would say to that good for them. The reason I would say that is because I think it is good for any company to make a huge profit. So ask yourself these questions why don’t people complain about Bill Gates and the huge profit he makes or why don’t they complain about Donald Trump? Each one of these guys made a huge profit off of us as consumers, yet no one complains about their huge profits. We really need to be careful when we say that we want the government to step in. When the government starts telling companies that they can’t make more then X number of dollars in profits we start down that road to socialism, and that is a road with no U turns.
In short, we need to get the government out of the oil business and allow the market to set the price. We need to open up areas to oil exploration and drilling and we need to tell the environmentalist to shut up and sit down. Only then can we start to make changes that will really count.
