Once Again...It's Energy Stupid.

Putting off the inevitable, or in the vernacular kicking the can down the road, is the governmental plan of choice for handling a re-igniting world financial crisis. Here in the United States, all that debt that was floating around in 2008 is still there, only there is more of it. In Europe, the Euro Zone is entering the catastrophic phase. Greece and Spain for all intents and purposes are bankrupt. There is no way out. The very existence of the Euro itself as a currency is in danger. There are solutions, but all are politically infeasible.

But at the end of the day, the ultimate problem in the United States is energy. Here’s the 4-1-1. America cannot tolerate gasoline that costs over $3.50/gallon. Until we become energy independent, our economy is going to see-saw based on the cost of oil. Our economy improves, and the cost of oil and gasoline goes up, causing the economy to slow down in a major way, causing the cost of oil and gasoline to go down, and the cycle repeats itself…over and over and over again.

As for the American debt, there are only three ways to resolve it…grow out of it…print more money…or simply default. America has the capability to produce new wealth if only the government and the EPA would get out of the way. America’s wealth is in its ability to produce energy. We have the ability to be totally energy independent thus stopping the flow of petrodollars out of the country, providing price stabilization at the pump, and allowing America grow its economy without the politics of the Mideast.

Yes…I am for drill here and drill now. But I am also for the government R and D spending on bio-fuels, safe nuclear power plants and nuclear waste disposal, energy from trash, energy from wind, hydro-electric power, all sorts of energy resources based on economic need rather than whacko environmental policies rooted in ideological purity rather than common sense.

North Dakota is rapidly becoming the number one energy producing state. The Great Plains is an abundant source of oil shale. Canada has the second largest oil reserves in the world. Ohio is the center of wet natural gas production…and clean coal is everywhere. We have an embarrassment of riches. And yet we fiddle while the economy is thrown hither and yon because of global warming, which might be global cooling, which might be sun spots, which might be part of the normal cycle of world weather….which is a religion to the left whose real goal is income redistribution and punishing the United States for its past sins…whatever they may be.

Every recession, and I mean every recession since the early 1970’s has its roots in energy sticker shock. We have lived through gas rationing, skyrocketing electric prices, rolling blackouts, moratoriums on natural gas hookups, price controls….all of which have been unnecessary if only our country encouraged rather than discouraged the production of domestic energy.

Wake up America. The stock market plunged almost 300 points today. Interest rates are the lowest they have been since the Great Depression if not longer…a sign of economic weakness.  In Europe, interest rates are actually below zero with people paying Germany and UK to buy their bonds!!! We don’t have to go through this again if we allow our country to throw off the shackles of government nut jobs and whack jobs and start to produce energy like we have never seen before. Drill here. Drill now. Dig here. Dig now. And do everything else….here and now…and our country will once again be the envy of the world.

And we can back to doing what America does best...producing wealth.