The Coming Explosion in Energy prices!

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But populations and the world economy has continued to boom and grow and at this point there is no production or refining capacity to feed the energy consumption needs of the United States and the world. US refineries are dilapidated and so overworked that they are now at the point of no return: I predict massive gasoline shortages beginning in the near future. $4 to 5 dollar gas is on the near horizon. I can still remember the democrat’s campaign promises in the 2006 elections decrying how the Bush administration was the culprit in soaring energy prices and making promises that they will FIX IT. Well, this summer look for them to propose price controls, a guaranteed way to create even more shortages.

The problem with US energy is self inflicted and political in nature but the blame can be spread to both sides of the aisle. It has been a 30+ year slide into less and less independence from the vagaries of the global oil industry. During this time the only place energy companies have been allowed to explore is next to a dry hole (which conveniently allows environmentalist to claim there is nothing there to drill for, so why allow additional exploration), and the only place they have been allowed to build a refinery is NOWHERE. Very little energy investment or development has been allowed in the United States , whether it is ANWAR (in Alaska ), off shore drilling, Nuclear Energy, New Refineries, Clean coal technologies, these things have become verboten.

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