Posted by
James Burns on Sunday, November 30, 2008 12:42:52 PM
Here we are in the holiday season. Economists are saying spending is up three percent and oil and gas prices are dropping. Isn't it convenient that these prices dropped just in time for Christmas. People are picking up their old habits of going out to the movies and dinner all the time. Spending again on items that are non essential and putting it all on plastic. Not even thinking about how to pay for it come January first when the bills start rolling in.
OPEC has stated that it wants the price of oil around seventy five dollars a barrel. They say they need this because many of the member countries are having budget problems due to the vast price. Unpopular regimes like Iran and Venezuela are falling short of money because of the economic damage caused by their leaders. Having to rely on oil revenues to make ends meet. Do I care about them? No I hope they fall because of the money short fall. I do care for the innocent people in those countries who are paying the price, but not the leaders. But the Saudis also want the price up to encourage investment again so they can make more money. So in December OPEC will meet again and will probably cut production to bring the price up.
I knew this would happen. I knew that after hitting close to one hundred and fifty dollars a barrel in July, oil would drop for a while. That artificial price increase was to get us to think that an average of seventy five dollars a barrel would be cheap. To get us to think that gas at just under three dollars a gallon was cheap. To change our mind set and make us accepting of these price hikes.
But now even OPEC didn't expect the price to drop this low. Under two dollars a gallon has not been seen for over a year. This is unacceptable to them. OPEC countries are banking on this money. Most OPEC countries are Muslim nations, so guess were that money is going to. OPEC is also afraid of the alternative energy sources. If they get the price of oil down for a while, then we would forget about developing these sources too. Remember the oil crisis in the 1970's? Same thing happened, talk of solar and wind were huge. But when the oil prices dropped, we put all of those technologies on the back burner. If we had stayed on course with these alternatives they would already be developed and cheap, not the huge investment they are now.
Come January first oil will jump back up, gas will go up to were it was. People will be screaming because they can't pay for the gas in their tank to go to work and the credit card debit run up for Christmas. So then the credit crisis will worsen because people will be defaulting on their credit cards because they can't afford to pay them. Thats why Congress is already trying to prepare a consumer credit bailout with all these other bailouts. They know what is happening. They just want us to keep spending to keep the economy going. But the problem is the American public, like the government is spending what it doesn't have.
By doing this our government's debt will be huge. As a nation we will not be able to sustain it. This will allow those in favor of a North American Union to push harder for it's formation. Using our debt as an excuse. Saying that if we were to become one with Canada and Mexico we will be much stronger financially. Then us as they American people will have no say whether it happens or not. Selling off our sovereignty to the highest bidder and allowing for the ushering in of a one world government. Just like lambs being lead to the slaughter we are all contributing to the demise of the United States of America. Our leaders have been planning this for some time and it is going to get worse. I promise and so does Joe Biden.