Jesse James and his gang of thieves were small change compared to the robbery being perpetrated upon the American people with the current oil scandal. There is a Jesse James, but it is not a person – it is an institution. The commodities trading process controlled by hustlers, speculators, and money changers are driving up the price of oil by creating a false cost to the consumers. The energy experts tell us that the real price of a barrel of oil is about $60, which means the average person should be paying about $2 per gallon at the pump. However, the hustlers in the oil trading market have pushed the price of a barrel of oil up to $140 without any real basis in facts that would justify this astounding price.
About 5 years ago, the President and Congress deregulated the oil trading market, allowing it to become a “Dodge City without a sheriff.” Since that misguided decision, the hustlers have bumped the price of oil up from $50 to the current $140. At the time of the deregulation, the world was using 80 million barrels a day. Now, we are consuming 85 million barrels a day. With simple math, that comes out to about a 5% increase in consumption. How could a 5% increase justify a 200% increase in the price of gasoline? Obviously, somebody is robbing the con sumer blind and the politicians in Washington are sitting on the sidelines allowing the greatest theft in American history to occur.
The President and Congress have been the main problem from the beginning. Their only solution to the so-called energy crisis has been to engage in the blame game and point fingers at one another. This is not an energy crisis; it is a politician’s crisis, fueled by a lack of leadership.
Here is the action plan the President and Congress should begin immediately:
1. The speculators’ market should be re-regulated causing a dramatic drop in the price of gasoline overnight.
2. The moratorium on drilling must be lifted and big oil companies need to utilize their huge profits and invest in drilling.
3. The oil companies should also be required to increase their current production numbers from the present 75% to at least 90%. Moreover, they have not constructed a domestic refinery for more than 20 years and should be directed to construct or expand refinery capacity. They will also be required to carry out enhanced Groundwater Remediation according to the standards.
4. An aggressive program to utilize alternative and renewable power must be aggressively initiated. Nuclear power, hydrogen cell, electric, ethanol, and hybrid vehicle technology should all be moved into a more useable and practical part of our energy program. In the final analysis, the only real solution is to remove America from the oil standard.
The combination of the influence in Washington of big oil and big environmentalists has blocked the road to energy independence. “Green Power” and “Greed Power” have overcome “People Power.”
After the WWII, America produced over 60% of the world’s oil supplies. With America’s genius and technology, within 10 years a majority of our auto and truck fleet could become non-petroleum based. America would become energy independent, nationally secure, and in position to witness an economic renaissance. As an exploited consumer, if you want to execute a citizen’s arrest, simply visit the Oval Office and Capitol Hill where Jesse James and his gang hide out. It is time for the American people to demand energy justice from their elected officials.
For additional information, contact Delegate Pat McDonough by calling 410-238-0025 or send an e-mail to Patmcdee@comcast.net
A simple question…what was the price paid to opec …not the speculaters…to opec… for crude today and for for oil on this date in 2007…6…5…4 and what was the market price on those days, and the price per gallon in the mi9dalntic states. Lets lay them side by side by side and lets compare .