The Liberal Lie, The Conservative Truth

Exposing the Liberal Lie through current events and history. “Republicans believe every day is the Fourth of July, but the democrats believe every day is April 15.” ****** "We will always remember. We will always be proud. We will always be prepared, so we may always be free." RONALD REAGAN

My Photo
Name:
Location: Myrtle Beach, South Carolina, United States

Two Reagan conservatives who believe that the left has it wrong and just doesn't get it!

Photobucket
Google
HISTORICAL QUOTE OF THE WEEK - "Always bear in mind that your own resolution to succeed is more important than any other." ABRAHAM LINCOLN

Thursday, September 22, 2005

RITA COULD EFFECT OIL MORE THAN KATRINA

3,413,850 barrels each day. That is the total output of refined oil that the refineries in the Galveston, Texas area produce each day, slightly more than the daily output from the refineries in the area effected by Hurricane Katrina. The futures speculators are already throwing a panic into the market by raising the price of a barrel of oil by $10 today. Unfortunately for the last two years the futures market has driven the price of oil creating a false bubble that has consistently kept prices much higher than the supply and demand market actually warrants. For instance when King Fahad of Saudi Arabia died recently the futures market went up $4 a barrel because of fear that a new King, "would change oil production, " in Saudi Arabia. Now more than two years ago Fahad had a stroke and his brother took on the duties of King and then upon his death became King. Nothing changed during the preceding two years and nothing changed after Fahad's death, yet the $4 price hike did not correct itself as has been the case since the out of control futures market began fear speculating at the beginning of the Iraq war. In an interview that I heard last week with Steve Forbes, he stated that the bubble will burst forcing the market to correct itself. That is the way a free market economy works. Forbes believes that this correction will take place in the first six months of next year and the price of a barrel of oil will drop to between $30 and $40 per barrel dropping the price at the pump to below $1.50 a gallon. Even with all of the over speculating by the futures market the loss of oil because of Katrina and Rita, approximately 29% of all oil production in the United States, once again stresses the problem that the left and environmentalists have created by forcing legislation that has prevented domestic oil finds from being harvested and new refineries being constructed. The last new refinery was built in the early seventies and as we all know oil consumption in the States has increased many times over since then. The time has come to force the issue and quit bowing to the left's agenda especially when it comes to energy consumption in this country. This is also a National Security issue. Suppose a terrorist took out one or more refineries. The recovery would not be as swift as it has and will be after a hurricane! There is NO excuse for a natural disaster to cause the panic over oil that Katrina created and that I'm sure Rita will repeat, especially since the loss of production is so preventable by harvesting our on oil and increasing our refinery capabilities. Until the Congress gets the guts to finally stand up to the left and the environmental nuts, we the people will continue to pay the price from our pocket books to the pump!

Ken Taylor

5 Comments:

Blogger ninest123 Ninest said...

ninest123 07.17
longchamp outlet, coach outlet, oakley sunglasses, ray ban sunglasses, tory burch outlet, prada handbags, coach factory outlet, michael kors outlet, longchamp outlet, michael kors outlet, tiffany jewelry, michael kors outlet, jordan shoes, louboutin, nike outlet, prada outlet, louboutin outlet, ray ban sunglasses, kate spade outlet, michael kors outlet, burberry outlet online, replica watches, nike free, coach outlet, chanel handbags, burberry, michael kors, christian louboutin outlet, oakley sunglasses, polo ralph lauren outlet, kate spade handbags, polo ralph lauren outlet, louboutin shoes, gucci outlet, oakley sunglasses, michael kors outlet, nike air max, nike air max, tiffany and co, longchamp

4:36 AM, July 17, 2015  
Blogger ninest123 Ninest said...

hollister, vans pas cher, nike free, tn pas cher, mulberry, vanessa bruno, ray ban uk, oakley pas cher, hermes, louboutin pas cher, air max, nike roshe run, air force, michael kors, timberland, converse pas cher, air jordan pas cher, true religion jeans, true religion jeans, lululemon, nike air max, michael kors, new balance pas cher, sac guess, coach purses, hollister pas cher, ralph lauren uk, north face, michael kors, sac longchamp, true religion outlet, ralph lauren pas cher, north face, hogan, lacoste pas cher, true religion jeans, longchamp pas cher, burberry, nike blazer, ray ban pas cher

4:37 AM, July 17, 2015  
Blogger ninest123 Ninest said...

valentino shoes, instyler, nike roshe, bottega veneta, nike huarache, celine handbags, new balance, nfl jerseys, abercrombie and fitch, lululemon, birkin bag, abercrombie and fitch, nike roshe, longchamp, p90x workout, nike air max, ghd, hollister, north face outlet, mac cosmetics, herve leger, jimmy choo shoes, vans shoes, giuseppe zanotti, wedding dresses, north face outlet, nike trainers, beats by dre, reebok shoes, chi flat iron, insanity workout, mont blanc, nike free run uk, babyliss, nike air max, soccer jerseys, mcm handbags, asics running shoes, soccer shoes, ferragamo shoes

4:40 AM, July 17, 2015  
Blogger ninest123 Ninest said...

valentino shoes, instyler, nike roshe, bottega veneta, nike huarache, celine handbags, new balance, nfl jerseys, abercrombie and fitch, lululemon, birkin bag, abercrombie and fitch, nike roshe, longchamp, p90x workout, nike air max, ghd, hollister, north face outlet, mac cosmetics, herve leger, jimmy choo shoes, vans shoes, giuseppe zanotti, wedding dresses, north face outlet, nike trainers, beats by dre, reebok shoes, chi flat iron, insanity workout, mont blanc, nike free run uk, babyliss, nike air max, soccer jerseys, mcm handbags, asics running shoes, soccer shoes, ferragamo shoes

4:40 AM, July 17, 2015  
Blogger ninest123 Ninest said...

louboutin, baseball bats, toms shoes, nike air max, vans, gucci, wedding dresses, timberland boots, iphone 6 cases, hollister, montre pas cher, converse outlet, oakley, coach outlet, thomas sabo, pandora jewelry, replica watches, swarovski, pandora charms, swarovski crystal, lancel, hollister, juicy couture outlet, juicy couture outlet, hollister, nike air max, ralph lauren, pandora charms, karen millen, converse, marc jacobs, links of london, ray ban, supra shoes
ninest123 07.17

4:42 AM, July 17, 2015  

Post a Comment

<< Home

website hit counters
Provided by website hit counters website.