RV Weekly

The Financial Times is reporting in its online edition (click here) that “ministers of the Organization of the Petroleum Exporting Countries arriving in Vienna on Sunday have indicated concern that oil prices may fall.”

Pass me a hanky. The news makes me want to cry.

“Now ministers no longer think oil prices, at around $67 a barrel, are too high. Instead they are concerned that the recent $10 drop in prices could be a sign that the market is at the beginning of a larger correction, one that could eventually impinge on oil producers�?? revenues,” the Financial Times reported.

I have long said that oil prices would tumble quickly if the president of our country had the courage to stand up to environmentalists and simply permit AMERICAN oil companies to drop a few oil wells in Alaska and the Gulf of Mexico.

Just the thought of the United States lessening its dependency on Arab nations hell-bent on wanting to kill us and disrupt our economy and lifestyle — while we supply them with the money to do it — should send shivers up their spines.

According to the U.S. Energy Information Administration, oil export revenues make up around 90 to 95 percent of total Saudi export earnings, 70 to 80 percent of state revenues, and around 40 percent of the country’s gross domestic product. Besides oil and beheadings, what else does this country contribute to the world?

As gas prices start to tumble in America, now is the time to be even more aggressive in developing our own oil supplies. Otherwise, these Arab countries will continue to kick Americans every chance they get. America is one of a handful of nations in the world that is dependent upon nobody else for its food, clothing, raw materials and comfort goods. Let’s keep it that way.

When it comes to OPEC countries, let them eat sand.

This entry was posted on Wednesday, September 13th, 2006 at 10:38 am and is filed under Previous Blogs. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.