Big Oil and its cheerleaders:I've had just about enough

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I've been knocked around a bit for coming out full tilt against Big Oil. I do realize that when I take my stance against crude oil, in some ways I'm taking a stance against trillions of dollars of modern economics. The fact that the modern world is built upon petroleum is not lost on me. But that doesn't mean that I have to agree with or like it. So those of you who have the mind to, please invest a couple minutes to read what more I have to say on the subject. Perhaps you'll be enlightened to some things you never thought about or at the very least you may have more reason to consider me "a bit off center."

First I'd like to ask, why are the supporters of Big Oil trapped into this thinking that seems to claim: In ten years everything will be just like it is now, with the exception that it will be like that in more places? What kind of limited logic is that? Someone wrote to tell me that 15 million Chinese will be needing cars soon. That's just fine with me, but it takes gall to suggest that all those Chinese need cars with gasoline-fired internal combustion engines! Is it so hard to believe that an effective electric car is not only possible but is here already? Does no one think that Chinese citizens might like electric cars? Has anyone considered the contrasts between American industrialization and that of the Chinese? Is it insanity to think that electricity can be generated without petroleum?

Get a grip you guys! Life isn't relegated to 55 gallon drums!!! Those same anti-anti oil individuals like to accuse me of conspiracy thinking when I claim that the price of crude is regularly manipulated. They state that oil prices are strictly market driven. Excuse me, but don't they read the papers? OPEC whispers "oil production cut back" and the price per barrel rises without any change in the actual flow of the precious black stuff. Umm, are you getting it yet? And what about the virtual moratorium on production of domestic crude? Has everyone forgotten that we have oil reserves also? The Sierra Club has done a fine job of helping to curtail domestic oil production statistics. I see some conflicts.


Why do I say that OPEC is now afraid of oil production cut backs? Well, I think it's tied to some basic economic principles; mainly, their capital in-feed is tied to oil export volume. They simply can't afford to leave two or three of those tankers sitting in dock for a month. The oil must keep flowing, even at a deflated price or they'll begin to starve for cash. The reason that oil pundits keep telling us that oil will hit $100 per barrel is simple. They know that in ten years it is a realistic possibility that oil consumption could be cut in half. The price would then need to be double in order for their incomes to even remain static. One wise apple even had the stones to roughly accuse ethanol producers of seeking unfair advantage though government subsidy for production of the stuff.


PUH-LEES! Oil producers have been riding the tax benefit gravy train for so long I don't think they could even figure out how to fall off of it! I have no issue with government subsidy to help create business sector profits, but those are my tax dollars, too. If my money is subsidizing the creation of alternate fuels, then the oil boys are just going to have to live with that.

If anyone thinks that I just write this stuff because "I'm that stupid jerk who sticks his head in the lion's mouth," then let me tell them something, I'm in very good company with my attitudes about oil and the naysayers had better step back because the future is coming.

Me, and the millions of people like me, are sick of oil and we've had enough of it. We hate the way it smells. We hate the way it fouls our water. We hate what it's doing to our atmosphere. And in case you haven't heard, two thirds of the country is damn sick of fighting wars in the sands above it! We want something else and we want it now. We're going to see to it that we get something else, and soon.

I won't for one moment accept the attitude of conventional wisdom for it's own sake. I look with dismay upon people who tell me, "We've always done it this way." Generally those are people of very limited vision who have little to no desire to progress. Go read through the rosters of successful people in business, government and social dynamics, have they been the kind of people to settle for things in the way they've always been done? I think not. Even in our little world of stock market analysis here on Bloggingstocks we encounter two basic schools of thought, one says: "This is where the money is...I'm staying here," and the other says: "That's where the money will be... I'm going there to make it happen." Tell me which school of thought has had the greater successes? Which school of thought has had better returns? Which group of thinkers would you rather associate with? Your choices say a lot about you.

So that is it in a nutshell. That describes my basic attitude about oil. Yes, I'll keep buying it to fuel my vehicles but only until I don't have to any more. I'm filled to my gullet with gasoline. I'm up to my limit with oil. I know that the options are blossoming on every horizon and I won't quiet down until those options become commonplace and economical. Once again, I quote John Lennon:

You may say I'm a dreamer, but I'm not the only one...

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Last updated: February 10, 2010: 03:25 AM

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