Belmont Club

By Richard Fernandez

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The fire in Russia

August 17, 2008 - 4:33 pm - by Richard Fernandez
hdgreene
2008-08-17 17:36:25

The price of oil should be $60 a barrel. OPEC raises price by restricting supply. By that measure, the most important member of OPEC is the Democrat controlled congress. First order of business is to get the Democrat Controlled Congress out of OPEC, and work to drive down the price of Oil.

The Alaskan Oil pipeline was designed to have a second pipeline to bring natural gas to market. Instead of flaring it off, we should build the pipeline and sell it. Additionally, the price of natural gas is heavily influenced by the price of oil.

When Democrats say that marketing ANWR oil will only save “pennies a gallon” they are referring to a study that predicts a world market price for Oil of $50 a barrel once ANWR oil comes to market — less than half what it is today. Why that price? Because the world has mucho oil at that price. The constraints are political, not geological or technical. Of the political constraints, the US Congress being part of OPEC is the most important. The Democrat controlled congress actually makes the cartel profitable by keeping millions of Barrels of oil off the market every day. Thus the US Congress doubles the price oil. Are they in the pay of Big Government Oil autocrats? No, I think they are that stupid for free.

Gas should cost $2.50 a gallon. And if it did then Putin International would be back to making money by selling vodka to demobilized privates.

Save money. Pound Putin. US Congress out of OPEC! We literally cannot afford this Crazy Congress. And I mean literally, literally.