Jun 12 2008
Newt: Three ways to immediately drop the cost of oil
He sums it up nicely. The people need to get angry and act. Unless and until that happens there will be no changes.
1. Release 1/3 of the reserves. This will drop the price of a barrel of oil by $50.00 and break the speculators worldwide.
2. Look for oil where it is. Did you know that right here in the U.S. we have a proven oil reserve three times larger than that found in Saudi Arabia in just one area, but federal law will not permit us to touch it?
3. Maximize the building of alternative fuels.
There ya go: Punish, produce, and break out.
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Drives me insane we are not drilling for domestic oil…
WRONG THE PRICE OF OIL IS BASED ON THE STRENTH OF THE AMERICAN DOLLAR, THE AMERICAN DOLLAR HAS DEPRESIATED BY 20% SO THE COST OF OIL IS MORE EXPENSIVE: IT IS GREAT TO HAVE ALTERNATIVES BUT KEEP IN MIND OUR AMERICAN DOLLAR IS WEEK SO EVEYTHING IS MORE EXPENSIVE:
Antonio
I think you might also argue that an engine doesnt make car go— the wheels do?
Dude..not only is a thousand times more complicated than your reason–but your reason is very low on the list. You also might want to consider that the dollar being down is related to high oil imports in the first place. Not the cause–related. Its a gigantic machine and cant be reduced to a simple argument
But the fact that so many billions are going out of the US to pay OPEC instead of staying in the US, (if we were to get our oil from the idea’s above), shows your not seeing the point. The dollars value is 1 in the US.