Tuesday, April 26, 2011

THE PRESIDENT'S LIES ABOUT PETROLIUM

In My Opinion

By Anthony J. Bazzo



"There is no more than three years or so of proven reserves." So said President Obama a couple of weeks ago when asked about the continuing rise in gas prices as he was explaining why domestic drilling was not the answer. This response was disingenuous.



The three-year data on gas prices comes from the Society of Petroleum Engineers. It is based on how much oil the government allows access to. Given our government's moratorium on domestic and off shore drilling, plus the numerous state road blocks towards self-sufficiency, the three-year estimate becomes a self-fulfilling prophecy.



The truth is were these restrictions to be lifted, there is over two hundred years of recoverable oil and natural gas, and when the entire western hemisphere is added, we would not need one drop of Middle Eastern oil. Just the announcement that these restrictions would be lifted and you would see an immediate calming of the commodities market which is the driving force behind this climb in gas prices. The other is the de-valuing of our currency by the Federal Reserve making the dollar worth less and less.



You see it is the threat to the free flow of petroleum that causes the market to fluctuate. When you remove that threat, the fluctuation would ease. Our biggest problem is we have a government with an energy policy, if that is what you call it, which is at war with the American economy.



To believe we can "green" or conserve our way out of this is pure folly brought to you by those is power that wishes to control and restrict your movements. Think about it, their alternatives either by those wind up new cars that plug into you house outlet that need re-charging at under 60 miles (restricting movement) or mass transit, where you come and go on a government schedule (controlling movement).



The answer is now and for the foreseeable future is lifting restrictions on domestic and off-shore drilling. Petroleum fuels ours and the world economy. That pesky fact does not go away. It is time for our government to stop its economic war against its people.

This is my opinion, you may beg to differ.

Anthony J. Bazzo
You can read more politics on Bazzo at Work or going to http:ltpbazzo.wordpress.com.

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Dear Readers:

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EDITOR'S NOTE:
All articles re-printed in this blog from the North County News are with the permission of Bruce Apar Publisher and Editor-in-Chief

04/26/11

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