Saturday, March 12, 2011
Tragedy seems to come at us through the news fast and furious these days. The most recent of course being the earthquake that just rocked Japan, 5th largest ever recorded, and my thoughts and prayers are with the Japanese people as they work to overcome this tragedy. It's amazing how nature can instantly create a tragedy that dwarfs things like 9/11. While as of yet we aren't sure how many people have died in this tragedy you can bet it'll be much more than the 3,000 lost on 9/11. Not to mention the damage to infrastructure and the potential for nuclear meltdown at several nuclear power plants in Japan.
I'm not going to criticize President Obama on his response to this as of yet because there was no warning of this tragedy and we have yet to see how our response will play out. I am, in fact, going to be watching with much more criticism the United Nations, (useless nations as I regularly refer to them).
After all, the UN owes Japan. Did you know that Japan is the #2 funder of the United Nations overall budget behind only the U.S? In light of the tragedy currently facing Japan the UN is expected to spring into action with relief. I'm not going to be overly critical as of yet being that it's still to early to judge results. That will take some time.
The UN's blind-eye pacifism isn't all that successful with preventing human rights violations or armed conflict but perhaps disaster relief is one area where they can step up and actually salvage some pride with success. We'll find out soon enough.
Putting all that aside I'd like to discuss another issue, oil prices and the U.S. strategic oil reserve. Oil prices fell due to the tragedy in Japan for the moment only because the country isn't in dire need of oil at the moment, it's in need of humanitarian and disaster relief at the moment. The situation is rather awkward but it does reflect a short term decline in demand and thus a decline in the price. It won't matter to most of us as the price at the pump isn't going to go down since this is a short term market fluctuation based on the rare circumstances of a large scale natural disaster.
President Obama has begun talking about tapping the strategic oil reserve if needed in order to help with gas prices. That isn't an energy policy and it would do little to help with gas prices. I criticized it when President Bush proposed it as well back in 2008. It seems that in light of rising prices presidents are so quick to start talking about the strategic oil reserve as some magic energy fix.
Perhaps you should look at the name. It's called the STRATEGIC Oil Reserve, keyword being strategic. It's not intended to save you .10 a gallon at the pumps when gas is $4.00. It's an emergency backup supply in the event that we are cut off from Mideast oil. It's a resource that we could tap into in the event of a worldwide supply crisis while we transition into vastly more domestic supply that would be necessary in the event of being cut off from mid-east oil.
President Obama used a typical left-wing energy lie in his talking points and American Solutions exposed it. Obama said:
“We can’t place our long-term bets on a finite resource that we only control 2 percent of,” Obama added, referring to the U.S. share of global oil reserves. The U.S. consumes more than a quarter of worldwide production, he said.
Let's look at the facts about energy for once. Since the left-wing of the political spectrum are so dedicated to a policy of proven failure in "green energy" and green jobs.
More and more Americans are no longer falling for the lies from the left when it comes to energy. The higher gas prices climb, the more devastating the economy feels to individuals on a personal level. You can't talk recovery to someone bringing home $400 a week and spending $100 a week on gas.
Relying on the strategic reserve is anything but a sound strategy. Relying on domestic energy production as opposed to reserves is a real energy plan. It's time for plan D....drill, baby, drill.