Interesting Conspiracy Theory...

[HuntingEd]

found this fairly interesting, the scary part is it makes sense! [/align][/align][/align]Oil at $300
by Terry Easton (more by this author)
Posted 07/04/2008 ET [/align]
[/align]You would think that this story is right out of science fiction. But
the facts appear to be that the US Democrat-controlled Congress
intends to destroy the Republican middle class with $11 per gallon
gasoline.

The Democrats"™ base -- wealthy white "œlimousine liberals"�, and very
poor people -- won"™t be harmed, but the families who live in suburbia
will be devastated.

The multi-millionaires like billionaire Senators John Kerry & Jay
Rockefeller, financial speculator George Soros, filmmaker Michael
Moore, and actors George Clooney & Meg Ryan can easily pay for their
auto and private jet fuel. Poor people are forced to take public
transit.

Here"™s the reasoning behind the move.

The so-called "œGlobal Oil Crisis"� is an invention of the US liberal
ruling class, which has successfully managed to export their
disastrous ideas worldwide. Oil supply and demand has been on knife-
edge balance for years. With the growth of the newly well off Chinese
and Indian car-consuming populations, oil consumption has been rapidly
increasing in the developing world even as it has been dropping in the
US. No wonder India and China, with nearly half the world"™s
population, refused to sign on to the Kyoto "œglobal warming"� treaty.

Cheap energy -- and specifically oil -- is what made America the
powerhouse of the 20th century. When gasoline was $1 a gallon in the
US, it was $2-3 a gallon in high-tax Europe. Low US excise taxes
enabled the country to grow and our vast middle class to prosper.
Even today, the American consumer is paying $4-$5 per gallon of
gasoline while his European counterpart is paying $10-12.

To meet this new energy shortfall, economists would assume that the
rational market would increase the supply of oil and other oil-
substitute energy supplies. But they would be wrong.

First, US the anti-nuclear lobby got the nuclear power industry banned
from building new safe and clean fifth-generation power plants,
abandoning the field to countries like France, which runs its super-
fast trains on nuclear plants scattered throughout the country. In
fact, fully 90% of France"™s electricity comes from 59 non-polluting
"œcarbon neutral"� nuclear; they also recycle 99% of the spent fuel into
new fuel using a breeder reactor at the La Hague chemical complex. We
don"™t do this either.

Next, the eco-greens got the drilling for new known American oil
reserves in the barren wasteland of the Alaska ANWR"™s near-coast
sites, and along the east and west-coasts of the continental US, and
in the Gulf of America. Now China & Venezuela are set to start
drilling off the coast of Cuba - but not Exxon or Chevron. They"™re
forbidden by law.

Then, the construction of new modern and efficient US-based refineries
has been halted for 40 years. So there is a perennial shortage of
heating fuel in the winter and gasoline in the summer. One hurricane
can take out 5% of the nation"™s refining capacity for months. A 5%
shortfall can now easily cause a $25 price increase.

Meanwhile, the nation"™s electricity generators, primarily fuelled by
coal-burning plants, were forced to convert to natural-gas, previously
mostly used in industry, agriculture and home heating. This has, in
turn, driven the price of natural gas through the roof, from $3 per
thousand cubic feet to over $11.

Finally, the hundreds of older existing oil fields and pumping
derricks were closed and not allowed to re-open due to "œenvironmental
concerns"�. California alone has scores of older fields just waiting
to be re-opened to increase the US oil supply. And these could be re-
opened in a matter of months, not years.

But wait, there"™s more.

To make matters worse, Congress then mandated using a toxic and
polluting chemical -- ethanol -- inefficiently converted from corn, to
help alleviate the oil shortage. Corn farmers promptly sold their
commodity to the highest bidder, the ethanol refiners. The price of
corn-based foods, like cornflakes - and sugar, chicken, milk, eggs and
beef has now shot up.

In the process, a minor supply-demand problem has been artificially
legislated into a full-blown crisis. The stock market"™s response has
been predictable: down, down, down.

The liberal solution, of course, is for Congress to raise taxes,
increase the fuel excise tax, and force industry to adapt wacky
"œcarbon credit"� schemes to line the pockets of the rich liberals who
are capitalizing on the global warming scare by selling newly-invented
credits, like Al Gore"™s new company is doing. Wrong. This will
stress the mostly-Republican middle class even more.

So what is the solution? What"™s right for America is wrong for the
limousine liberals. It"™s simple, really. Unleash the supply-side
forces of economics.

Open up domestic oil drilling immediately. Turn back on the older
wells now capped off. Fast-track new safe nuclear power plants. Stop
creating global food shortages by killing off corn-based Ethanol
production. Waive the punitive duty on cheap Brazilian sugar cane
ethanol. Plant lots of domestic switchgrass for cleaner & cheaper
ethanol manufacture. Begin a crash construction program of 50 new
advanced nuclear power plants nationwide. Stop burning up natural gas
to generate electricity. Build new clean coal-burning electric power
plants nationwide (China is turning one per week for the next 5
years), and construct coal-to-oil conversion plants. The Germans were
doing this in WWII. Alternative-energy sources like cheap 4th-
generation solar panels will ramp up as their prices continue to fall.

In other words, return to the old policy of cheap domestic energy that
has made America the powerhouse (pun intended) that it once was. The
US will become oil-independent of our enemies whose treasuries are now
overflowing with a flood of newly-printed dollars we"™ve been using to
pay our oil bills with, and the dollar regain its strength as the
world"™s reserve currency.

And the irony? All of this can be done now with results beginning in
90 days, and using new super-clean super-efficient and environmentally-
friendly technology. The result: oil will drop down to well below
$100 per barrel and the economy will once again boom. If France and
China and Brazil can do it, why can"™t America? Why not indeed?

Oil sells for $145 per barrel mostly because of artificially-created
supply-side shortages. A small part of its price is also determined
by speculators and uncertainty over a future cut-off of oil from the
middle east that a war with Iran could cause. Assuming that Iran"™s
nuclear bomb program is destroyed by Israel this fall -- with or
without America"™s help - look for oil to spike up to $250-300. And
40 years of congressional bumbling will be the cause.

Mr. Easton teaches University economics and is passionate about
technology and entrepreneurship. He is rosy about the long-term
future: "œThe glass isn"™t half full, it"™s overflowing!"�

[MinnFinn]

Oil prices won't start going down unless and until the majority of Americans realize that this artificial energy "crisis" has been created by:

Greenies who are anti-oil, anti-coal, anti-nuclear and anti-commonsense.
Socialists, anti-Americans like George Soros who've bought and paid for the above and those below, who"™ve bet "œshort"� on the American dollar for years and is doing everything in their power to bring our dollar even lower.
The Democratic "leadership" and the members of the Democratic caucus who with few exceptions slavishly march in lock step with them to carry out the bidding of the Socialists, Greenies in return for more money and political power by:

Shutting down all new oil and coal exploration / production in the continental and offshore U.S. territorial waters.
Stopping the building new or expanding of existing facilities that can add refining capacity for more finished energy product.
Stopping the building to the extent possible building of coal fired or nuclear electricity generating plants and transmission lines.[/ul]
They also with the cooperation of a number of Republicans and sad to say President Bush spent far beyond the level necessary bringing the value of our U.S. dollar even lower costing us more $ to purchase oil on the world market.[/ul]
Until Americans en masse realize this and put the American people and our economy ahead of their political affiliation and through the bums who are doing this grave disservice to us all, we'll continue to see not only transportation fuel cost, but heating, cooling and manufactured goods cost skyrocket! Wait until this fall and winter when people see their heating bills double or more!

Energy from oil cost have gone up 2.5 (gas) "“ 3 (diesel) times what it was before Nancy Pelosi and Harry Reid and their Dem. members took control of both chambers of Congress. They"™ve done everything possible to see that we have no more oil or other proven energy resources developed. "œAlternative energy"� sources that might someday take the place of only part of our nation"™s energy resources are still not developed to a point that they are as reliable as the technologies we have. You can"™t just shut off the oil spigot without massive damage to the nations"™ economy and millions of individual families"™ lives.
We can only hope those millions of Americans will see the Dem. "œleadership"�, Senators and Representatives who"™ve followed them down this dead-end road and vote them out.

[Canuck_Buck]

Dam Greenie Dems...love it.