Wednesday, April 2, 2008

Oil's Response

Years ago, when gas slowly began to rise I made the point that it would only get worse. This point was based on my assessment of the market and the related growth of alternative energy sources. I stated that the Oil Industry's, while making investments into alternative sources, primary product is crude oil, and it feels threatened. When you attempt to increase other products and stimulate new energy resources, simultaneously limiting access for the primary supplier you will cause the primary supplier to raise prices. The executives made it very clear that their reasoning behind their increase is in direct relation to the limited access to drill for more oil. In other words, we are hostages to rising costs and contracted deals. Prices will go down if government provides more access. I support "The Environment", I've worked for several non-profits who's focus was on protecting natural resources and holding polluters accountable. I have supported the growth and marketing of organic farming. As a candidate for office I stand behind credits for sustainable building and new energy development. But something has changed. It isn't completely about raising awareness on various issues, it isn't about protecting resources, all it has become about is Global Warming/Climate Change. The focus is so heavily drawn on Global Warming most have been distracted from real, major pollution issues, stewardship and responsibility. Government will use the understudied concept of Global Warming as the vessel to damage our economy, destabilize capitalism and undermine the free market. 18% of all gas prices go directly to the government. If your paying $3.50 a gallon that's 63 cents a gallon. If government would release their grip on taxing gas sales you would see an automatic reduction at the pump. Funny how politicians are so quick to point fingers at the profit of private business, but they will not reduce their intrusion on the free market.

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