America: Are You Going To Be Citizens Or Subjects?

The last several days, my brain has struggled to comprehend the endless roller coaster ride of the world oil market.   I've had a headache that would kill a lesser man.  I think I'm close to a Tylenol overdose.  I see what's really going on here.  I think a good portion of you see it, too.  But this situation has me nervous.  Not just because the cost of the fuel is high enough to make Cheech and Chong jealous, but because I think the oil market will almost certainly crash if we even get close to the 2008 high of $147 per barrel.  What really worries me is that all the fundamentals have changed.  The economic environment of 2011 is NOT like the environment of 2008.

I'm no expert.  Never claimed to be.  I read, I listen, I observe and I do my best to understand, just like you do.  But I'm a commentator.  I'm expected to talk about things.  It would be easy to sit here a blow sunshine up everyone's backside about this, but oh baby, are the clouds starting to gather now!  The middle east is pretty much on fire.  The Saudi's are telling everyone to relax, they'll just pump more oil.  So what.  It's not about supply or demand.  Demand is down, supply is up, way up.  Cushing, OK has about all the oil it can handle, last I checked.  There's floating storage all over the place.  We haven't built a new refinery in this country since the last time President Ford fell down on the golf course.

You and I and ours have a decision to make: do we want to remain free citizens in a great republic or do we want to be subjects of a socialistic, Marxist state?  We're in debt like never, ever before.  The spin doctors in D.C. have twisted and contorted the numbers so much even they can't keep up with the lies anymore.  Taxes are going to go up.  The 30-year mortgage could become a thing of the past.  More and more people are underwater on their notes.  And that's just for starters.  Yes, we've got issues.  But the only way this get's fixed is if you and I put our collective weight on the people we've elected to office and force them to fix what's broken. Much can go right or wrong between now and 2012.  Energy independence is a must.  No, it will not come in the form of ethanol or wind.  The electric car is a bigger joke than Charlie Sheen's career, and that's saying something.  Oil is still king.  And that will continue to be the case for a long time to come.  If it were not so, why would so many speculative traders be running the price up?  They know we need it and they know the need isn't going away so they're going to bleed it for all they can get while they can.  It's hurting every other industry, because without oil, there is nothing else.  I don't know about you, but I'm not ready to go back to the horse and buggy.  And the only king I'll bow to is the one who went to cross for me 2,000 years ago.

We need real solutions.  Build refineries, drill our OWN oil supply, develop nuclear power...that's a start, but there is much, much more to be done.

More to come........