Thursday June 19th 2008

how-oil-reached-100-a-barrel

How oil reached $100 a barrel…

Published by Dysantic at 10:18 am under In the news

Back in January of this year, the BBC had an interesting article listing key events of how the price of crude oil per barrel has increased from a few dollars back in the 1970s, all the way up to $100 per barrel:

http://news.bbc.co.uk/2/hi/business/7083015.stm

This past Friday, the price of crude oil was $139 per barrel. WTF. I don’t drive, so I’m not hit by these prices (I do offer to help pay for gas for those who offer me rides, though), but it really makes me wonder how people can afford to keep using their cars.

I also find it funny how Dubya is now trying to reverse a ban on offshore drilling in an attempt to deal with the high prices Americans, and the rest of the world, face at the pumps:

http://news.bbc.co.uk/2/hi/americas/7460767.stm

He calls the ban “outdated and counter-productive”. Hmmm. You know what is outdated? The constant meddling of the United States government in the affairs of foreign countries, especially in the Middle East. You know what is counter-productive? The Bush Administration and the conflicts they have started around the world, mostly in the Middle East.

Oh, and let’s not forget McCain, the rising Republican star. He is for offshore drilling (surprise!), but is also trying to reign in the environmentalists to his side by pledging a goal of 45 new nuclear reactors by 2030:

http://www.nytimes.com/2008/06/19/us/politics/19nuke.html

What is it with politicians setting goals, especially during campaign times, that far exceed the term of office they are seeking? At best, McCain (God forbid) could serve an eight year stint in the White House. Quick math puts that up until 2016. Not 2030. So… why is this a goal HE is setting? Chances are, he won’t live to see 2030 in the first place, considering he is 71. He is setting a goal of 45 nuclear reactors to be built within the next 22 years to deal with the energy crisis we’re dealing with today!? Read that again: 22 years from NOW. What kind of a pledge is that? I seriously hope American voters don’t fall for this. Lofty goals like this are only used to grab more votes, and the last thing the Republican party deserves are more votes in their favour.

Anyway, that’s enough ranting for one post.  :-D

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