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...



Reader Comments (Page 1 of 1)
2-06-2007 @ 11:16PM
Mat said...
Yep, more than a bit off center......
2-06-2007 @ 6:08PM
CG Johnson said...
My God! This is the most reactionary drivel I have read in a while. Oh yes, I am in the oil business, so believe me, I am biased. But I am in the "small independent" camp of domestic oil men. Yeah, that's the one where most of our domestic oil comes from. Let's put the hammer down on the domestic oil man's head a little more. Let's squeeze him a little tighter to wave our feel-good eco-flags. And while we're at it, let's empower OPEC even more, and Big Oil,too. Because that's what the one-size-fits-all reaction to high oil profits are. Oil prices are set on the floor of the NYMEX. Anybody examining the profits of the floor traders?? Yet you admit you do have a gasoline fired automobile. You still tout electric cars for the emerging Chinese. I'll bet you believe that hydrogen fuel cells are right around the corner as well. Well, the Chinese are just going to buy what they want...probably a Hummer...the BIG one. Fuel cells require huge amounts of natural gas in there manufacture and use. Electric cars?? Let's fire up those coal-fired generators. How about air travel? You want a seat on that electric motor powered airliner? How about threshers/combines/harvesters?? Do you have any idea how many tens of millions of people on this planet will die without petroleum to harvest and transport food to the uncounted souls who are being propagated by charity while living in non-arable areas of our world? Oh, don't forget fertilizers (petroleum), chemicals, pesticides (need petroleum)and how about the plastic that make up most of that computer that you use to print your drivel?? Oh yeah, petroleum. I'm fed up, too, but with short-sighted people such as you. This country had better wake up and realize that oil production, especially the DOMESTIC kind, is a serious national security issue. If we don't do something about it domestically, then we'll be sending our grandkids over to those "sands above" the oil to fight for decades to come. I don't worry, though. Our profligate spending ways will bankrupt this system soon enough. We're leaving our debts for our "children and grandchildren". Boo-hoo. Those kids will refuse to honor those debts when the time comes. Too bad for AARP. Oh Brother!!
2-06-2007 @ 11:21PM
Poppy B. said...
Get over your frustration and pull your head out of the sand. It will take several generations for electric or corn oil cars and new nuclear plants to make a dent in our dependency on oil.
2-06-2007 @ 11:21PM
ghsong said...
very well said mr. johnson....isnt it funny how none of these bleeding hearts mention little fidel in venzuela?citgo is a wholly owned subsidiary of that government.at least exxon,chevron etc are public companies that average americans can own in their retirement accounts...citgo is drilling for oil this very moment off the east coast of florida while american companies are prohibited from doing so by the al gores of the world.....oh and how about ethanol tax dollars?...this unwieldy crap of a substitute is subsidized 50 cents on the dollar...it still takes more energy to produce this stuff than it gives off.
no i dont think ill take my financial advice from someone who thinks he is making points quoting a drug addled dead rock star who lived his adult life in LIMOUSINES....some may say you are a dreamer?... i think a lot more would say you are just plain full of shit.
2-06-2007 @ 11:22PM
deadcrab said...
reading that blog just wasted a couple of minutes of my life that i can never get back. thanx for nothing
2-07-2007 @ 11:20AM
Marilyn Voorhies said...
I live in the Barnett Shale area of North Central Texas where there is a frenzy in drilling for gas and oil. From my viewpoint, it is not just big oil companies that are profiting. The mineral rights owners are being paid well for leases on their property, whether anyone ever drills or whether any drilling leads to a producing well. When a well produces, these mineral rights owners get a nice royalty on all the minerals taken from the ground. Taxes are deducted before the royalty check is issued. So the U.S. government gets a share right out of the ground. Then the mineral rights owner pays income taxes on the royalty he receives. The county where the well is increases the valuation of the property where the well is located, and the county gets increased tax revenues. Thousands of workers are earning big bucks--those who do the research and obtain the leases, those who prepare the well site prior to drilling, those who operate drilling rigs, those who do the many other jobs connected with getting the well into production, those who build pipelines, those who work in refineries. And these thousands of people are paying income taxes. Those who own stock in the oil companies benefit with growth in the value of their shares and higher dividends. So, when we pay more at the pump, a great deal of money is going to both the local economy and the U.S. treasury.
2-07-2007 @ 11:23AM
david said...
Well, those thoughtful comments on our suicidal, unthinking oil dependence certainly brought all the suicidal, unthinking bloggers out of their cars for at least a few minutes, so thats a good thing. Nice to see every vested interest represented--what I love about this debate is that on one side are people drive gasoline-powered cars know its wrong and yearn for an alternative, and on the other are people who sell gasoline and cars and will crush the first electric cart they find. Who do you want to believe? One stat says it all--if we drove 10% fewer cars 10% fewer miles each, and those cars either used 50% "other fuels" or got 50% better mileage, we'd never need another drop of Middle Eastern blood-spattered oil. How can you be against that, unless your a gun-runner (the only profession we haven't heard from).
2-07-2007 @ 11:23AM
thomas harkins said...
oil comes in 42 gal drums
2-07-2007 @ 11:24AM
starr said...
What a bunch of wasted words,crybaby with no suggestions of better alternatives. Please tell me about all the subsidies the oil industry gets.I cannot find them.
2-07-2007 @ 11:24AM
DIXIE said...
TAKE ALL THE PETRO. PRODUCTS OUT OF THE E.R AND SURGERY BAYS, AND LET ME KNOW WHAT WILL REPLACE THE PLASTIC AND PETRO PRODUCTS? LET ME KNOW HOW YOU WILL LIKE THE OLD FASHION GLASS NEEDLES???
2-07-2007 @ 11:24AM
Terry said...
"If anyone thinks that I just write this stuff because 'I'm that stupid jerk who sticks his head in the lion's mouth,'..."
Among a very great many items included in your delusional post that basically reinforce the conclusion that YOU ARE A STUPID JERK is the comment on "55 gallon barrels." Even the most silly of stupid industry critics recognize the an oil industry barrel is denominated in terms of 42 gallons.
2-08-2007 @ 11:17PM
Ernie said...
I go with the people above who argue that you are ill informed on this subject. The US uses about 25% of the world's fuel now. If we shut down all oil use the amount of world oil use will still increase and the US economy will collaps.
In China the bicycles are 10 wide and 15 deep at the stop signs, for those who stop. They make 3 wheeled trucks and cabs out of 50cc motor bikes. The want bigger everything that burns oil. India is the same.
We have only one way to reduce oil for electricty and that is nuclear power. In the mean time only oil supplies the kind of power we need for transportion. We have plenty of oil off Florida, Californis and Alaska but the NIMBIES say no.
2-10-2007 @ 12:39PM
ghsong said...
in reponse to number seven:
im a profesional songwriter.so where is my vested interest?please go smoke another doobie.im sure there is a sycamore out there somewhere that needs humping.
2-16-2007 @ 2:39AM
Andy said...
Gary,just remember one thing.Only 15% of the oil used is for gasoline.What do you think happens to the other 85%.Do you think they just throw it away?????