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Tag >> Economy
Nov 13
2008

When The Shelves Are Empty - What Will You Be Eating?

Posted by Ace Carter in opinionEconomy

Ace Carter
When The Shelves Are Empty - What Will You Be Eating?


Now I know that many or even most of you here are not seeing or are even ignoring what IS happening with OUR economy, hoping that everything will be alright...

But IF any of you here have eyes to see and ears to hear, you should be VERY worried and start preparing today for the melt down of all goods and services in the very near future.

You and everyone alive is only three lost meals away from DOING ANYTHING for food...
May 23
2008

Is it getting to late to drill for the oil?

Posted by Larry Hobson in Economy

Larry Hobson

Ladies and Gentleman, if you think gasoline prices are high now just watch and see them climb higher and higher. The question why, and that question is asked over and over. The blame for it is always the gas companies are ripping us off. But are they really?

They are making great profits because like all businesses they put on the price a certain percentage of profit, as the price goes up so does the profit. This isn't the reason the prices are high at all, no it's the people that will not let us drill in places like Alaska, off the coast and change coal into fuel oil or change shale into oil by removing the oil from the shale.

Its because we will not let the oil companies build refineries and we think the only place to get the oil is from some where else besides here in America. We have around 825 billion barrels of oil in our coal three times more that what Sandi Arabia has in oil, but do you see us removing it from the coal? No they would rather see us rely on foreign oil, oil that could be cut off to us at any time then where would we be?

May 22
2008

High Price of Oil

Posted by Larry Hobson in Economy

Larry Hobson
High Price of Oil
Who Is Really Responsible For The High Prices You Pay For Gasoline?
By INVESTOR'S BUSINESS DAILY | Posted Monday, May 12, 2008 4:20 PM PT

For the last 28 years, Democrats in Congress and a few Republicans have again and again opposed our drilling for oil in Alaska's ANWR area when we knew it contained at least 10 billion barrels of oil we could be using now.

  • For the past 31 years, Congress repeatedly prevented us from building any new oil refineries that we now badly need.
  • More recently, congressional Democrats defeated and discouraged any bill that would let us drill in the deep sea 100 miles out. However, it's somehow OK for China to drill there.
  • As a further indictment of our Congress, since the 1980s it has continually stopped all building of nuclear power plants while France, Germany and, yes, Japan, plus 12 other major nations, did build plants and now get 20% to 80% of their energy from their wise and safe nuclear plant investments.
  • From 1990 to 2000, U.S. crude oil demand rapidly accelerated by 7.41 quadrillion BTUs, according to Department of Energy data. And our rate of foreign oil dependency dramatically increased while our domestic oil production steadily declined.

Under the eight Clinton years alone, U.S. oil production declined 1,349,000 barrels per day, or 19%, while our foreign imports increased 3,574,000 barrels per day, or 45%.

During this time, President Clinton vetoed ANWR drilling bills that would have clearly made Alaska our No. 1 state in the production of our own vitally needed oil supply, not only for all Americans but also for national defense emergencies.





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