OBAMA & THE OIL CRISIS.

Is he really to blame?

As President Obama looks to the future, with respect to the versatility of energy types, namely, gas, solar, wind, renewable energy sources, including natural gas and even hydro electric, his opponents, especially those in the Republican Party nomination race, are concentrating on the present.

He uses the innovation of the telephone and the television, that people without foresight have made fun of them initially, but now their use have benefited the advancement of human progress.

So will future generations adhere to new energy sources, rather than depending solely on crude oil to run industries and transportation systems. What oil can do, other sources can do too.

That will cause high oil and therefore gas prices, that go simultaneously with each other, to go down for motorists of all kinds, such as mothers driving their children to school and those going to and from work.

The United States will become free from foreign oil producers in the Middle East and other such places, where prices can be jacked up overnight to disturb the budgets of individuals and companies, and also to have sudden, unexpected and unwanted impact on the economy.

At present, 40% of the U.S. economy depends on oil from other countries, while domestic production makes up for the rest; however, the consumption is always high for the 60% to catch up with that kind of enormous capacity.

In other words, no matter how much drilling takes place, in national parks and offshore platforms, oil production at home cannot match the use of oil by the American consumer.

In fact, the U.S. alone uses one third of the world's oil production; and as there cannot be "baby drill, baby drill" all over the country, the dependence of oil from overseas will continue.

That will always be to the disadvantage of America, because countries like China and India are exploring the world market for oil, and they will buy it at prices determined by the producing countries and organizations like OPEC (Organization of the Petroleum Exporting Countries), over which no body or any outside government has any control.

"You want the oil, you have to buy it at our price," the producers will say. Competition between buyer countries becomes stiff, and that will make matters even worse for the price to go nowhere else but up.

Speculators and oil profiteers will add their share to the price on the world market, and with that the ordinary motorist will be left to bear the brunt of the whole process.

In energy crisis like the one the U.S. is facing now, consumers tend to kneel on the government; however, what makes that inconceivable is that the oil companies are hardly mentioned in the media.

Though, everybody knows that they (oil companies) are playing a large role in all that is going on, but they hardly get mentioned; or are they ever asked to reduce prices at the pump? Hmm! One tends to wonder why?

Can it be that the media and the oil companies are hand-in-glove and working against the consumer? These are harrowing questions, but who is to answer them?

On the other hand, alternate energy sources will solve the problem of gas prices, as nothing else can do so.

Obama's opponents are using them (gas prices) to beat him on the head, when they even know that he is doing the right thing, by looking down into the future and telling consumers that there is a way out of the whole mess. They are only interested in making the blame to be on him. Yet, is that fair?

You be the judge.


Comments 6 comments

Rambler1 profile image

Rambler1 4 years ago from East side of the free world.

I assure you the media is in bed with the oil companies. The problem is that it is in the govt best interest for gas to be high. How much money does the treasury get from 60 percent domestic production? Oil is taxed many times over by the Feds and the royalty rate is based on an average price per barrel over a months time frame. Do the math.


Davesworld profile image

Davesworld 4 years ago from Cottage Grove, MN 55016

Utilization of renewable sources for energy production is so far away into the future - many decades - that it is extraordinarily foolish to concentrate on it at the expense of declining domestic oil production. What the Obama administration is doing with regard to energy production in the Unites States is little more than pandering to his finacial supporters.


Rambler1 profile image

Rambler1 4 years ago from East side of the free world.

This is true. He has made it known that he dislikes anything that would be considered as capitalism. If he wants alternate energy sources than allow the people to do their thing. No, He wants to have the control of it all and make it so the govt makes money off it.


owurakwasip 4 years ago Author

Countries like China, Japan and India are developing the same renewable sources now.

If the U.S. waits for them to move farther away, it will be very difficult to overtake them.

By then, they will stop using fossil generated fuel, as they will have very little need for it.

They will have surpassed the U.S., and will have moved on to the use of solar, wind and more modern sources of power.

Of course, oil may then be cheap, but America will be forced to catch up with the technologies involving solar, wind and other sources that will be more cheaper, economically.

America will be too late to modernize; and it will start buying solar, wind and natural gas products, as well as other peripheral equipment from the same Chinese, Japanese and others.

Suffice it to say that the cost of modernization will be too high for America, and that will devastate its economy for several years thereafter.

America will have waited too long, while those nations are on the march to a more modern and prosperous future.

Besides, space age travel is already upon us, and America cannot afford to lag behind in any type of technological advancement or future economic development.

America must learn to lead always, for the sake of peace in the world. It is the only country that has the wherewithal and the capacity to fit that mold.

The proverbial writing is on the wall, and all peace loving nations everywhere cannot ignore it.


owurakwasip 4 years ago Author

Countries like China, Japan and India are developing the same renewable sources now.

If the U.S. waits for them to move farther away, it will be very difficult to overtake them.

By then, they will stop using fossil generated fuel, as they will have very little need for it.

They will have surpassed the U.S., and will have moved on to the use of solar, wind and more modern sources of power.

Of course, oil may then be cheap, but America will be forced to catch up with the technologies involving solar, wind and other sources that will be more cheaper, economically.

America will be too late to modernize; and it will start buying solar, wind and natural gas products, as well as other peripheral equipment from the same Chinese, Japanese and others.

Suffice it to say that the cost of modernization will be too high for America, and that will devastate its economy for several years thereafter.

America will have waited too long, while those nations are on the march to a more modern and prosperous future.

Besides, space age travel is already upon us, and America cannot afford to lag behind in any type of technological advancement or future, economic development.

America must learn to lead always, for the sake of peace in the world. It is the only country that has the wherewithal and the capacity to fit that mold.

The proverbial writing is on the wall, and all peace loving nations everywhere cannot ignore it.


lifelovemystery profile image

lifelovemystery 4 years ago from Houston, TX

owurakwasip, unfortunately Obama likes to speculate on 'renewable energy' and ignore the oil and gas industry. I appreciate your hub, but I'm not sure that you are truly familiar with his energy policies.

Video of him talking about his Cap and Trade Program, and that, "electricity rates would necessarily skyrocket". http://www.youtube.com/watch?v=HlTxGHn4sH4

Under this administration the approval of new drilling permits is significantly down. http://foxnewsinsider.com/2012/03/22/graphic-of-th...

He gave Brazil $2 billion to drill off their shores, yet continues to stand in the way of US production.

If China and Cuba can drill off our shores, why can't we?

The United States is the third highest oil producing nation in the world. http://www.therichest.org/business/highest-oil-pro...

In 2008 the US became a net exporter (we exported more oil than we imported) http://205.254.135.7/tools/faqs/faq.cfm?id=268&t=6

Why are we exporting our own natural resources, and why did exports expedite under Obama?

"The Department of the Interior has just delayed shale gas drilling in Ohio “for up to six months” and an industry group estimates that drilling in the Utica shale affected by the delay would produce 204,500 jobs by 2015." http://www.aim.org/guest-column/obamas-green-energ...

I agree that we should pursue additional forms of renewable energy. However, this administration has given billion$ to companies that have failed since he took office.

Why is there such a disparity between what he wants, and what is right for this country?

For three years he has stood in the way of oil production. This week he realized that he will lose the election if he does not open up the Keystone Pipeline, and do something positive to lower the cost of gas. Until this week, he has stood in the way of the Pipeline, blocked it at the north end and now wants to claim victory.

It is more than a little absurd.

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