A little homework assignment I wrote

[dropkick13 0]

I had to write a quick argument for or against some hippy article on everyone's favorite topic: feel free to bash!!!! (cutting halfway into it)

The other huge problem with the price of oil is that it is traded in

American dollars. Unfortunately, the value of the American dollar is

falling. Thus, it does not make sense to trade something in American

dollars because what you give up grows in value, while what you got in

return falls in value. So to account for this, companies have begun

trading goods for oil, transforming oil from a commodity to a currency.

As we all know, once something becomes a currency, it is

subject to inflation. When less oil is distributed, there becomes

less of the currency and then each drop of oil becomes vastly over

valued. As the article points out, the bulk of the current oil

reserves are controlled by hostile powers. Therefore, those powers

control the amount of oil that is sold and the price becomes inflated.

By opening up our own oil reserves, we circumvent the hostile states

and lessen their power to control the market. Then, they have to

release more, at a lower price, to compete with American oil. Once

that happens, we can actually lessen our own drilling and use our

reserves as leverage any time the foreign powers threaten to squeeze

the market again. With the hippies in office though, the foreign

powers know that we won't do our own drilling and they have carte

blanche to do whatever they want with the market.

What the democrats have actually done is taken a nation that is

founded on the principals of lassez-faire economics and created an

international market that is controlled by the state. The worst part

is that they have ceeded state control to other nations and taken the

backseat. We have now become the self-created proletariat. It runs

antithesis to any conventional economic and social theory. We have

actually chosen to be poor and oppressed instead of the ruling

authority. It would be as if a homeless guy on the street has

waterfront property in Annapolis, but chooses not to live there

because he doesn't want to upset the deer. That is why when I rule

the world we will hunt with oil drills and kill as many cute animals

as possible.

[JimJ 11]

I highly, highly doubt we could ever drill enough in the US to produce at the kind of rates that the gigantic Saudi fields discovered 40 years ago can, even today. Sure, we could probably offset imports a little - but not to the point where OPEC would actually begin to feel threatened by us. The better solution would be to refine viable alternatives, thereby making OPEC of no value to us.

You may laugh at "hippies", but a sizeable number of them are walking the walk before most in mainstream America, and have been doing it long before being "green" was trendy

[dave_Edwards 1]

There is more oil in North and South Dakota than the Saudi's have......but it is the tree huggers that don't want us to harm the wildlife(which I understand)......We need to drill in the gulf and in the Atlantic.....

[Godsmack 361]

They have alos desovered one hell of an oil deposit back home in shouth western NY

Hopefully this pays off............if it does the family stands to make some $$$