The U.S. needs to get serious about reducing the demand for foreign oil.
The steeply rising demand for oil today means that any disruption in petroleum supplies immediately causes oil prices to rise, political upheavals (not just war), terrorism, weather (such as hurricanes shutting down production in the Gulf of Mexico), supply and demand factors, and refinery and pipeline outages all greatly influence what goes on at the trading floors on Wall Street and at other markets around the world. We ran out of $2 oil in 1973, then $8 oil, then $15 oil in 1985, then $25 oil and NOW we have run out of $50 oil.
To complicate the matter, China and India, two of the largest and fastest growing economies, also are experiencing increased demands for transportation fuel. China will likely enter into Middle Eastern politics to meet their demand. Oil output in country after country is in decline and demand continues to grow. Goldman Sachs’s has forecast that oil could hit $105 a barrel.
We now find ourselves in desperate need of a “Set America Free Plan” that will increase exploration of our own reserves and investigate alternate energy sources. Our dangerous reliance on foreign oil can only be diminished by increasing our domestic production as much and as quickly as possible.
Prudent investment in sound, well researched oil and gas drilling programs, though still considered a risk, may offer a significant monthly cash flow from the sale of production from oil and gas wells. We are delighted to bring to your attention what we believe is a great opportunity for America and the American investing public.
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