The Real Cost of Energy

World stocks fall as oil drops to $64 a barrel

All of us have seen the rising cost of gasoline at the pump since the first of the year. Locally, I have seen prices rise from $1.49 a gallon to over $2.65 a gallon and now the price has fallen back to around $2.45 this week.

But the question remains, when will the cost of energy reach any level of reasonable equilibrium. And how can it, when we continue to allow those on Wall street to manipulate the prices. Today's headlines seem to reflect a retreat once again in oil prices and as a result, the world stock markets are reacting by sliding? Why is that? It seems to me that the news of lower cost energy should if anything inspire more investment. but the reverse is seemingly true. that tells me precisely who is behind and responsible for these market fluctuations and erratic prices for oil and other energy sources.

Which immediately brings questions in my mind? Questions of where exactly is this recovery that I have been hearing about for the past two months. There have been some increase in the global stock markets that is for sure, but the bottom line of jobs and job losses have continued to slide and the turn around that Obama's stimulus spending promised simply hasn't materialized.

And I for one don't believe that it will materialize. How can it? Particularly in the face of Obama's desire to have cap and trade rammed down our throats in the midst of a recession. Cap and trade is in actuality cap and "tax" and anyone other than a complete fool can see that. How can further penalizing people with embedded punitive taxing, be a positive thing or an element to economic recovery? It can't be.

Of course all the so called economist who told us all along that everything was alright with the economy, are the same ones telling us now that everything in alright with the economy once again and recovery is underway. I for one don't believe that. I tend to listen to those who are not in the main stream and those who are not affiliated with and obligated to partisan think tanks and thus have to match the reality of their supposed science to the political rhetoric, by supporting it in the public arena with faux science.

The American economy remains floundering and just barely laying off from smashing against the rocks, and our energy policies and the cost of oil remain major driving forces in this economy and always have been. IMO, we can no longer endure the unencumbered speculation in the energy markets that stand to completely wreck what is left of our economy. And we certainly cannot withstand the socialist inspired and liberal democrat led attack on our energy resources in the name of hyped and purposely skewed science, for the sake of supposedly doing out part to combat global warming that isn't occurring.