aceventura3

In my life time oil prices have followed a consistent pattern and the foundation is supply and demand. Given those two factors when supply is impacted in a negative way prices go up and when demand is peaking prices go up. Given the clear pattern our nation should have a clear energy policy that is consistent through changes in supply and demand. Generally we exploit prices when they are low and take low prices for granted and we panic when prices are high. When prices are high we try a number of quick fixes and we generally fail to follow through. This pattern has been true since the early 1970's. In my view we should develop our own sources of oil to the highest degree possible, develop cost efficient alternatives, and engage in policies that encourage stability in supply and demand. Given the length of time it takes from exploration to production we need to make sure capacity is available when needed. When demand begins to peak after the economy recovers and supply/demand is at a fine balance, having the additional capacity our own drilling can provide, may make the difference between normal pricing and speculative pricing in the market. A sound energy policy based on the above is not psycho-babble or political paranoia.

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"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."