Simply Politics & News

[makesumgravy]

Drill baby drill!.
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7500669/Oil-reserves-exaggerated-by-one-third.html

The moratorium in the Gulf although wise will be short lived because the US doesn't have the luxury to slow down oil production, or its rush to find new oil due to our demand. Forty years of talking about lessening our demand on foreign oil has been nothing but rhetoric because our demand for it has only increased.........Ironic isn't it?.

Just imagine if such a thing happened in Antarctica, there have been discussions about drilling there. An oil spill like the Exxon Valdez would be unlike the Nuclear bomb dropped on Japan. If the oil geniuses have no idea about what to do with this gusher, not a clue?, imagine what that would be like?. It would be on a scale like meltdown of Chernobyl that caused world wide panic, only worse yet. Oil does produce a slippery slope doesn't it?

We've been told the reasons for many of our wars were to fend off the spread of communism, but today our governments banker is China. Strange bedfellows considering what these wars have cost. Ironic isn't it?.

If we sift through all the red tape, or rather if we had the clearances we needed so we could read all the fine print we would come to the conclusion that our walnuts have been placed in a vice, and the handle has been slowing cranking. Its just a matter of time before we begin to feel the cold chafing before the real pressure is applied, and maybe sooner than later.

Without the oil this country needs daily, all 10 million + barrels, and without our unlimited access to credit all from abroad, what oh what we will do????. Not to mention our 13 trillion of debt with more on the horizon, and with every other thing going on within our borders. Maybe Goldman will break down and gives us a loan?.:). Its just a wire transfer!. Maybe pressure uncle Bernie who was noted as saying that many of his f'ing clients he made millionaires.:). Ironic isn't it?.

It appears that when billionaires begin losing their money in off shore hedgefunds the Fed will step in. If you lose money with the Bernie Madoffs of the world the Congress will step in, and find a means to reimberse some of those losses, so they can still at least remain close to a millionaire status. Ironic isn't it?