Thursday, June 26, 2008

Oil Hits record Price...Thank you Congress, Thank you Democrats!

Oil hit a record price today because a backwards, 2-bit country like Lybia is pondering cutting its oil production in response to US actions against oil producing nations. Let's see....Lybia, a country that has an economic output smaller than Delaware and relevance on the world stage somewhere between Madonna and Jerry Springer can ponder cuts in oil production...and quickly pile on to the soaring energy prices in the US, driving up prices of just about everything in the United States.

Anyone see a problem here? What if the Saudi's, Venezuela, or Iran also pondered oil production cuts? We would be wishing for $ 4.00 gasoline.

So who is still against drilling in the ANWR, the arctic wasteland and offshore, in the same neighborhood as the soon to be erect Chinese rigs? If you like being held hostage by Lybia, you are going to love what Venezuela and Iran have in store for the world oil market.

Thank you Congress, thank you George Bush, and Bill Clinton for this mess you have created. If you will get off your asses and lift the drilling bans in areas we know contain vast reserves, the private sector will clean up your mess, like it always does.

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