Apr
14
Is there a US Energy Policy?
Filed Under Uncategorized |
When it comes to policy it seems like the US is king. When it comes to energy however the US appears not to have a clue. It is very critical for the US to get it right with huge increasing in the cost of oil and refining capacity at its peak, its going to be time for some tough decisions. With the prices of all commodities increasing across the board its time, and the fed pumping out more money by lower interest rates we could see massive jumps in the cost of energy. Despite these troubling concerns, nothing new has come out of Washington regarding these issues.
With renowned Texan oil analyst ‘Zapata’ George Blake calling for $160 a barrel oil next week the US citizens will pay the lack of action from the government. Environmental lobbyist groups have stopped the construction of several oil refineries as well as off shore natural gas terminals.
It appears the government as well as much of the population are waiting for a massive catastrophe to occur before taking action.
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