Stock Room

[Howardhaftel]

Obama is opening up the East coast to oil drilling. Saudi Arabia is exporting more oil to the China and India markets where before the United States was their biggest market. It will take 5 years and more before we can see oil flow from these new oil fields. The concern is over time the oil will become a bidding commodity and cause the price to rise beyond a reasonable area that will effect our economy. China and India have increased their demand for the hydrocarbons and force the U. S. to seek replacement suppliers.

We are seeking answers in multiple areas at the same time. A shot gun effect to find a cure. Electric cars and trucks, Wind mill and solar energy are the picks for a short term solution and in the distance, Hydrogen and Nuke energy will join the pack. If we don't plan now we will become a second class country.