On December 26, 2010, MSNBC reported:
"The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated OPEC may decide against increasing output through 2011 as the market was well supplied."
How long have we been debating drilling in ANWR (Alaska National Wildlife Refuge)? Snopes.com has some great pictures and information on exactly what would be involved in ANWR drilling and the consequences. The people who have blocked the development of America's own natural resources should be held accountable. They should be reminded at the ballot box of the damage they have caused to America's national security and economy.
The article further reports:
"Egyptian Oil Minister Sameh Fahmy said the current increase in oil prices was the result of higher demand on heating fuel because of the cold weather in Europe.
"United Arab Emirates Oil Minister Mohammed al-Hamli said crude oil inventories are "quite high. It's the highest over the five years average... The market is well supplied.""
It is very apparent that if America intends to maintain its position as a world power, we need to become self sufficient in energy. We need to elect leaders who understand this--evidently many of our current leaders are fine with $5 a gallon gasoline. Most Americans are not.
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