imfurio.us
The price of oil reflects economic realities that the environmentalist and demand side leftist have wanted for decades. The policy that pushes conservation for energy independence is a pipe dream. It is a rehash of failed Keynesian economics. At the core of Keynesian is the principle that supply is fixed and prices can only be controlled by curbing demand. This policy led to the hyperinflation and high unemployment rates of the 1970’s; which was in direct contradiction to the predictions of the Keynesian Model. That is why the leftist were so baffled during the Carter years.

Then along come Reagan who said baloney to hamstringing productivity and curbing liberty. Instead, he encouraged supply and productivity to lower inflation and increase employment. It worked and the socialist hated Reagan because he destroyed a pillar of socialist doctrine. So they created a ruse with environmental Armageddon to curb supply and control our lives.

The first ruse was the ozone hole which costs us billions of dollars to retro our houses and cars. Although the economic impact was not large enough for the socialist to again control the US economic supply chain, it did show them how easy it was to manipulate the media and political system. Thus global warming was born to go after and control the most important supply chain in the US economy- carbon based energy.

So we have oil, a commodity full on potential energy and the most abundant natural resource on the planet at $116 per barrel. Worse, the vast majority of the known supply of oil is controlled by despots and radicals. Ever wonder what a world controlled by socialist looks like? I think we have a pretty good sneak preview all brought to you by the environments and MSM minions.