There is no oil shortage.
The US has mass proven reserves in N. Dakota, the Gulf, and the wasteland of ANWAR.
If Clinton hadn’t vetoed ANWAR we’d be getting oil from it now and if we started now, we could get it in about 2 years, if it weren’t for environmentalists.
Environmentalists wanted higher prices for oil and the Democrats seconded it. Now we have them and the Democrats are blaming Bush for higher oil prices, who is not blameless but not for the reasons they state.
Environmentally friendly corn for fuel has only exaggerated the crisis raising the price of food from top to bottom and even causing starvation in some parts of the world. On top of the high prices for corn, the farmers are getting subsidies.
Exxon only makes a modest 8% net profit while doing all the work and taking all the risks. What do you think state and federal governments tax oil for? $.40 to $.60 a gallon for doing nothing but expending some ink and paper. But the environmentalists and press excoriate the oil companies, while pointing to the sales of the world’s largest company and the gross profits.
We haven’t built an oil refinery for over 30 year, thanks to environmentalists.
Every state and locality has their own requirements for boutique fuel which causes production sluggishness. All together now, thanks to the environmentalists.
Environmentalists howl bloody hell and point to the propaganda film, The China Syndrome, and keep us from building any nuclear power plants.
Environmentalists hold up conservation wind,solar,and other minimal alternatives, but they’re a drop in the bucket.
I won’t even go into the absurd concept of carbon credits.
The environmental leadership are displaced socialists who want us to drop down to third world levels instead of the rising tide lifting all boats. The love of power is the root of all evil.
And if you think $4.00 a barrel is bad, wait till it hits $10-20, which it will fairly soon, and we haven’t even started correcting any of these problems–thanks to the environmentalists.
That’s all I can think of at the moment.
There is no oil shortage, there are only limits on oil production which will produce oil for centuries to come.