Posted by
Cary Wesberry on Sunday, July 06, 2008 3:00:24 PM
ALGIERS, Algeria (AP) - OPEC chief Chakib Khelil says the world's surging oil prices are not likely to fall.
He says strong market demand, especially from China and India, is one reason prices will stay as high as they are. But Khelil told a conference on energy in Algiers on Sunday that the steady increases of late "have nothing to do with supply and demand."
Khelil, who serves as Algeria's energy minister, blames the rise on the weak U.S. dollar, the currency that oil is sold in. He says he believes the reason the dollar has fallen against other currencies is the U.S. decision to lower interest rates in an effort to boost the American economy.
Oil prices hit a record of nearly $146 last week.
Get with it stupid Americans! Oil prices have nothing to do with supply and demand according to the OPEC Chief from Algeria. Brilliant! If OPEC says it, it must be true. While the weak dollar is obviously a factor, imagine what would happen if America flooded the market with its vast untouched reserves surveyed into the trillions of barrels oil. But China and other developing nations would just suck it all up, you say? WRONG!
You see, here in America we have a Congress that is supposed to represent the People. This "Congress" thingy makes laws. We do not have to sell our oil to China or anyone else outside of our country if we so choose. In fact, because the People rule America and not OPEC, we can pretty much do whatever the Hell we want to. Which brings us back to that weird thing known as Congress. Our idiot politicians are preventing us from tapping into our vast untouched oil reserves both onshore and off. For Americans, this is the main factor in high prices for fuel and energy.
My point is that I really could care less what people in other countries are having to deal with when it comes to fuel and energy. The oil inside this country belongs to America, not China or OPEC or anyone else. We can do with it as we please. If we really got our act together we could become energy independent from the rest of world. Of course that leads us straight back to Congress, who refuses to act on the will of the People. Today, and every day until Congress acts, the will of the People is: DRILL! DRILL! DRILL!
So what moronic rhetoric do I hear after that? There aren't any new refineries! Even if we had the supply we have no throughput! WRONG again stupid! Exxon-Mobil alone adds the equivilent of three new refineries a year to its existing refining sites. When there is a lack of brand new refineries, guess whose fault it is? That's right smarty-pants! CONGRESS! Our politicians have decided to act on the will of the environmental lobby instead of acting on the will of the People as they are bound to do. The Sierra Club, among others, files a lawsuit every time an oil company tries to build a new refinery. At that point the liberal courts become involved. Between our environmentally-conscious Congress and the courts, oil companies are having to add to existing sites instead of being able to build brand-new refineries.
There is one thing and one thing only that is causing you to pay high fuel and energy prices in America. The United States Congress, made-up of grubby little men and women who care more about keeping their phony-baloney jobs than they do acting upon the will of the American People. This is an extremely complex problem with very simple solutions. Until Congress decides to do what we tell them to, the American People need to start throwing the bums out of office. The oil and energy companies are trying hard to bring you cheap fuel and energy; Congress will not allow it as things stand today. If you want to blame someone, take a drive down to our Congressman's office and make your voice heard. Then next time you vote, cast your vote for whoever is willing to drill within our own country while keeping our resources here in America.