We don’t need the Saudi’s to export more oil, we need to deal with our own fucking issues here at home.
#1, stop thinking that housing is the only issues we have to deal with in the economy. We’ve dropped rates so much trying to save a bunch of retards who bought way more house than they could afford that we’ve effectively killed the dollar. Weak dollar = high oil. $30-$40/barrel is because of the weak dollar.
#2, pass some new regulations for the oil speculation market. $10-$70/barrel is being added because of speculation. And the only people saying $10 are the speculators who don’t want regulators to cut off their cash cow.
#3, pass the bills that allow us to drill for more domestic oil. We know it’s there, sitting off the coast of CA and FL, but we won’t allow the oil companies to drill for it. Enough of this NIMBY bullshit.
#4, pass the bills that allow more oil refineries to be constructed. Not a single new refinery since 197x. You know who’s building new ones right now though? Iran. Yeah, that’s who I want to rely on to get my gasoline when the next hurricane shuts down production in the Gulf of Mexico.
#5, shut the fuck up about the strategic oil reserves. 76k barrels a day. Please. In 2006 the US was consuming 20,687,000 barrels per fucking day. Read that number out loud. Twenty million, six hundred and eighty seven thousand fucking barrels per day. And you think cutting off 76k is going to make a difference? Not to mention that reserve is what our economy will have to live on if shit hits the fan in Iran or Venezuela. 78-1 vote my ass. More political pandering at it’s finest.
So basically, stop looking for stupid fucking bandaid fixes like asking the Saudi’s to pump more, or gas tax holidays. Unfortunately the majority of things I suggested are all going to get blocked by Democrats, so it only leaves us the options of bandaid fixes.