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Speculation,obviously is a huge part of it,but why?What do they know,that we don't?I saw a documentary on the Sundance channel,While I don't normally buy into everything I see on tv,this was a pretty convincing show(I believe it's called Crude Awakening)Anyway,according to them,we (as a planet)have "peaked",meaning we will pump less oil tomorrow,than we did today,forever.I don't claim to be an expert,or that this is fact,just what I saw.The show went on to explain how it takes 60 bbls of oil,to produce 20 bbls of Ethanol.Not exact numbers,but you get my meaning.Same thing with Bio-diesel,solar,and most of the "alternatives".The fact is,we ARE screwed.All of us.
They're telling us we have 75 years,maybe it's only ten.As the most powerful country in the world,we'll have to decide whether or not we want to invade countries to take their oil.I mean really to take it.Not like this Iraq thing.If that really were our goal,I personally think we'd OWN it now.However,in the next few years,We'll have to decide it.
As far as libs vs cons,I don't think it's an issue.How many refineries did Clinton build?The smart money out there right now,is in oil.I would bet big $,that both Obama and McCain have money in it,as well as Bush,the Clintons,Kerry,Gore,Et,al....
In my own opinion,this has the potential to topple our economy,and if we fall,who stands?
Once you can't afford to go to work,what then?
Sorry for the rant,but,I seriously think we are in for hard times.You can invest in whatever you'd like,but me,I'm buying bullets.
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