Hooray! The price of Oil is slightly, but steadily, below the $100 per barrel mark. Gasoline prices are paring back to more reasonable levels, although the new levels will still be considerably higher than where prices came from before the spike up in oil prices. There’s a good chance we won’t see gas prices below $3.00 a gallon again.
Despite this seemingly wonderful news, unless Americans wake-up and fight against our foreign oil imports it won’t be long before the recently played out scenario happens again and gasoline will eventually lock into the $4.00 a gallon mark, before the scenario plays out again and again… The Oil companies have figured out how to make enormous amounts of money in relatively short time periods, before giving in a little and all while making sure you pay more for their much needed gasoline.
As Americans, we must force the government to reduce our foreign oil dependency. We must not only yell and scream when prices are skyrocketing but, we must make sure to yell and scream when those prices have subsided as well. Otherwise, we risk falling into the same trap the oil companies have set for us over the past several years – Run up prices to an obscene level making super-profits for a quarter or two, then show their concerns by handling the situation and bringing prices back down but, to a level still higher than where they originally started. They are able to do this for several reasons, the main reason being that, we as Americans on yell and scream when prices are out of control. Ultimately this scenario will play out again.
Renewable Clean Green energy is upon us. It is there for the taking. We simply have to Demand it, we must state loud and clear that we want an energy source that: 1) is not dependent upon the whims of other countries geopolitical ordeals and 2) is not dependent upon the basic elements of supply & demand – this is a major necessity because, oil has basically reached its peak supply point and therefore, as the world continues to consume more and more oil for their energy sources, that supply continues to dwindle. Thus the Demand element is superior and this causes higher prices.
We should consider: 1) during the most recent run-up in oil prices, the U.S. basically consumed or imported less oil than in months prior. Yet prices skyrocketed… 2) China’s growth is becoming eminent. While China may not have a direct effect on the U.S.’s oil consumption, the fact is that while they increase their own consumption of oil to increase the industrialization of the nation, they are eating into the already dwindling supply of the worlds’ overall supply of oil. 3) The same will soon be said in the coming years about India. 4) Both China and India are still at the beginnings of the industrializing of their nations and when they (China first) get ramped up to full speed, if we in the U.S. are still dependent of foreign oil to survive, we as American consumers will be financial dead. Remember, our total population represents only about 12% of there’s, and they haven’t even hit “third-gear” yet.
Some will say we then need to drill more at home, I would tend to agree however, even if we drilled day and night forever, we simply do not have the required supply to sustain us. So I say sure, drill, drill away as much as possible but, we also must have other sources of Alternative Energy at our disposal. Otherwise, we cannot get off of our foreign oil import dependency and therefore, we will feel the wrath of these two up and coming, enormously populous countries.
So now is the time to press for renewable, clean, and green energy technology here in America. If we don’t do it now, we will be overtaken sooner than most imagine.