Posted by
theoilpatchplug on Thursday, October 30, 2008 6:09:38 PM
We will never be energy independent.
The ruling elites in Washington and New York have systematically sabotaged the domestic energy companies for the past 50 years. It has been policy to retard the oil business by government. It has been a fact that tax policy has been skewed toward going offshore to find and develop the resources of foreign entities while ignoring the vast supplies of oil, natural gas and coal in the US.
Alaska has not been developed; it’s been tested and logged but barely exploited. Manmade Global Warming and Peak Oil are hoaxes used to lock up the keys to energy independence. Do you think any politician with any common sense would ever let a snail, polar bear or a fish kill our economy?
Oil prices are now going down, do you ever ask yourself why?
A few months ago we were running out of petroleum and the price was $147 a barrel. I am seeing financial reports in major world publications calling for $50 oil and you soon there's plenty of oil in other places than the US.
Thinking about what’s happening with our economy I cannot come to any other conclusion other than this was a set up. Think about it-$147 oil to kill the economy and $50 oil to kill off the dollar and the domestic energy business. The net result is more ominous than just $2 gasoline at the gas pump.
Our dollar is now near worthless. You will see the end game soon, regardless of who wins the presidential election.
I have capitulated, drill here –drill now and energy independence will never happen because our rulers don’t want it.
See who capitulates next.