U.S. oil demand was significantly down for the first six months of 2008, API (American Petroleum Institute) said Friday in its Monthly Statistical Report. While U.S. refiners churned out record and near-record amounts of oil products, imports – especially product imports — fell substantially.
What is the most interesting detail in these stats is what is not stated … that this demand fell without any U.S. Government intervention. These figures fell due to the forces of supply and demand when the overlay of a sudden price increase takes effect.
Your contention that the analogy about the motivating people to sign on to a Big Government program, is 100% correct. If the object target is immovable as in a technology achievement, great … but please do not assign this motivating analogy to a “Whack-A-Mole” world condition.
On energy … “Energy Is Freedom”! What we need to be pushing all of our chips to the middle of the table, in that we need to push and expand energy development on all fronts – emerging technologies and traditional petroleum solutions.
One wonders what will happen to our hard fought freedoms now that our Democrat leaders in Congress have declared their “No-Drill” petroleum policy to coincide with their intended desire to attack the oil companies with a windfall profits TAX.
Energy helped to make our lives easier and our country the most powerful in the world … the lack of energy, any energy, will degrade everything.
The analogy parity challenge should be:
If we can put a man on the moon, then we can find, capture, develop, refine, and use energy, any energy, to have our lives lived in greater freedom and with greater ease.
