Post by Jersey on Feb 23, 2011 11:44:07 GMT -5
Americans should begin preparing for the biggest hike in gas prices that we have ever seen, possibly one that could be even worse than the crisis we had two and a half years ago. We made a huge mistake a few decades ago when Washington politicians placed our very future in jeopardy by ingratiating America in the Middle East and began buying our oil from them. I firmly believe that this action was the first of many that had begun our downward spiral in power and influence over the last 50 years.
We should have stayed out of the Middle East. Period.
What we are seeing now is the results of years of reckless liberal policy in Washington and the increasing influence and spreading of radical Islam. Islam is anti-American from a religious standpoint to begin with. Radical Islam takes it to a whole new level. After the weakness of Jimmy Carter allowed the Shah of Iran to be deposed, radical Islam took a firm foothold in a country that was once an ally of the United States. Iran and the regime that runs it is now not only fanatically anti-American, but fiercely anti-Israel, clear in it's intention to develop a nuclear weapon, and sponsoring terrorist networks across the globe.
Oil is a global commodity. Most of it comes from the Middle East, with some small amounts coming from Venezuela and other small third world countries. Two years ago OPEC and the investors played a large part in the engineering of the U.S. economic collapse. The price of oil was artificially inflated to roughly $150 per barrel and gasoline prices shot all the way up to four dollars per gallon. Americans were forced to pay an extraordinarily large price for gas, and as a result there was less and less wealth being spent in the economic sector. People had no means of pumping any cash into the economy, and when this was coupled with the collapse of the housing market due to government forcing banks to make high risk minority and poor credit loans (thanks Clinton), you get the situation that we've been reeling from the last two years. I know oil prices were artificially inflated because once the crisis hit, gas prices went back down to about $1.60 per gallon. The true price of gas.
But now it's happening again, but this time things are different. The turmoil in Egypt has led to a chain reaction of revolutionary behavior, spurred on by radical Islam and long brewing Islamic hatred of the West and for Israel. Along with years of oppression from these brutal regimes. The deposing of Mubarak in Egypt has started a pattern of similar events in other countries, most notably Libya. Don't get me wrong, Mubarak was a illegitimate child. But he was pro-American and pro-Israel. Now that Gadaffi has ordered the sabotage of oil pipelines to the Mediterranean, oil prices are spiking in response to the unrest. And with the Egyptian military allowing Iranian warships to pass through the Suez canal for the first time in decades? That's a huge problem. The Suez is the route America uses for shipment of oil from the Middle East to here. Iran could now stop these shipments if they so desire. And believe me when I say, they desire.
Obama and the liberals have choked off domestic oil production to a mere trickle in comparison to our actual potential. There are no reserves to draw from as a result of this, especially since several million of the barrels we produce in a year goes to Japan, free of charge. We've been doing that in continuing apology for dropping two atomic bombs on them. A form of reparations if you will.
The stage is set. If the situation in the Middle East continues to deteriorate in the way it has been, oil prices will skyrocket in response and the cost of gasoline will be unsustainable. I'm expecting five dollars a gallon before the end of the year. Ten dollars a gallon wouldn't surprise me. Things are about to get awfully bad for America if some miracle doesn't come along soon. I don't trust the Middle East, and I especially don't trust our weak and liberal leadership. If gas prices go up again, our already fragile economic "recovery" will abruptly end and America will be in quite a bad situation.
Now we wait and see.
We should have stayed out of the Middle East. Period.
What we are seeing now is the results of years of reckless liberal policy in Washington and the increasing influence and spreading of radical Islam. Islam is anti-American from a religious standpoint to begin with. Radical Islam takes it to a whole new level. After the weakness of Jimmy Carter allowed the Shah of Iran to be deposed, radical Islam took a firm foothold in a country that was once an ally of the United States. Iran and the regime that runs it is now not only fanatically anti-American, but fiercely anti-Israel, clear in it's intention to develop a nuclear weapon, and sponsoring terrorist networks across the globe.
Oil is a global commodity. Most of it comes from the Middle East, with some small amounts coming from Venezuela and other small third world countries. Two years ago OPEC and the investors played a large part in the engineering of the U.S. economic collapse. The price of oil was artificially inflated to roughly $150 per barrel and gasoline prices shot all the way up to four dollars per gallon. Americans were forced to pay an extraordinarily large price for gas, and as a result there was less and less wealth being spent in the economic sector. People had no means of pumping any cash into the economy, and when this was coupled with the collapse of the housing market due to government forcing banks to make high risk minority and poor credit loans (thanks Clinton), you get the situation that we've been reeling from the last two years. I know oil prices were artificially inflated because once the crisis hit, gas prices went back down to about $1.60 per gallon. The true price of gas.
But now it's happening again, but this time things are different. The turmoil in Egypt has led to a chain reaction of revolutionary behavior, spurred on by radical Islam and long brewing Islamic hatred of the West and for Israel. Along with years of oppression from these brutal regimes. The deposing of Mubarak in Egypt has started a pattern of similar events in other countries, most notably Libya. Don't get me wrong, Mubarak was a illegitimate child. But he was pro-American and pro-Israel. Now that Gadaffi has ordered the sabotage of oil pipelines to the Mediterranean, oil prices are spiking in response to the unrest. And with the Egyptian military allowing Iranian warships to pass through the Suez canal for the first time in decades? That's a huge problem. The Suez is the route America uses for shipment of oil from the Middle East to here. Iran could now stop these shipments if they so desire. And believe me when I say, they desire.
Obama and the liberals have choked off domestic oil production to a mere trickle in comparison to our actual potential. There are no reserves to draw from as a result of this, especially since several million of the barrels we produce in a year goes to Japan, free of charge. We've been doing that in continuing apology for dropping two atomic bombs on them. A form of reparations if you will.
The stage is set. If the situation in the Middle East continues to deteriorate in the way it has been, oil prices will skyrocket in response and the cost of gasoline will be unsustainable. I'm expecting five dollars a gallon before the end of the year. Ten dollars a gallon wouldn't surprise me. Things are about to get awfully bad for America if some miracle doesn't come along soon. I don't trust the Middle East, and I especially don't trust our weak and liberal leadership. If gas prices go up again, our already fragile economic "recovery" will abruptly end and America will be in quite a bad situation.
Now we wait and see.
