Thursday, March 10, 2011

Oil & Double Dip Recession

Story that's attached to this blog says that if the oil hits $140, US could be double dip recession as if US hasn't already. But, let's suppose that's true that we will hit recession with $140 oil price. What can US do? nothing.

Many people are wishing and hoping for some eureka moment where some scientist discovering the magic energy source that's clean and pure that Greenies want.

Greenies want no oil, no coal, no gas, no nuclear, and no to everything. They like hybrid cars but they conveniently ignore that those batteries are mined which they hate. As population grow world wide, US is doing nothing on energy exploration. Their ethanol energy plan is disaster while creating food shortages and higher energy usages while improving nothing. Many of the Greenies live in larger houses, eat more, do more energy spending activities, and drive longer. Now, personally, I don't care what other people do. But Greenies do. They want to regulate others to use less energy while they use more. What would Greenies do if the oil goes up to $140. People who are not making a lot of money will suffer, obviously. Wait staffs make $2.13 per hour while earning average of $40 to $80 on tips. Despite, Greenies will rejoice while complaining about the gas prices. January 2009, the gas price was under $2 per gallon. Now, it's near $4. Where are the emails about boycotting Exxon for a week? Where are the protesters? It was phony issue back then and it is a phony issue for them now.

Sources
http://www.breitbart.com/article.php?id=CNG.cf8ccfd0c8636e4a3df42d9b2e0ab4d1.2c1&show_article=1

Ethanol
http://af.reuters.com/article/energyOilNews/idAFLDE6AL0YT20101122?sp=true
http://news.yahoo.com/s/afp/20080414/sc_afp/euunfarmpovertyenergypoliticsbiofuel_080414143918

Al Gore Energy Usage

Bush

Gas Price


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