$100 per Barrel Oil Presents New Opportunities

EIN News says, "Rising Oil Prices Pose the Latest Threat To U.S. Economy Energy prices have surged in recent days, as a result of the political violence in Libya that has disrupted oil production there. Prices are also climbing because of fears the unrest may continue to spread to other oil-producing countries. If the recent rise in oil prices sticks, it will most likely slow a growth rate that is already too sluggish to produce many jobs in this country. Some economists are predicting that oil prices, just above $97 a barrel on Thursday, could be sustained well above $100 a barrel, a benchmark. (nytimes.com)".

This situation should be regarded as a positive development.

I have been saying for the last couple of years that the Obama administration's policy of promoting alternate energy sources of solar and wind is for the birds. I have repeatedly said, "Drill, Drill, Drill". I also occasionally repeated the suggestion that we should have Secretary Chu's resignation. Apparently my suggestions were not timely enough, but with oil now at $100 a barrel, the public is hurting more at the gasoline pump and may create enough furor for Obama and his cronies to give up their stupid energy program.

For every withholding of a drilling permit by the Department of Interior, let's see how the public reacts. If we continue to advertise the energy fallacies of the Obama administration, perhaps we can alter the next election, in spite of the large number of voters who will continue to vote for him and his public handouts.