CNN posts an article entitled “Why Cheap Oil is here to Stay” espousing "The world will never run out of oil," Deutsche Bank analysts wrote in a recent research note, echoing the old logic that the Stone Age didn't end because the world ran out of stone.”
Whatta concept. I claim no expertise in this topic. So of course I have an opinion, humble as it is. I’m a fool. I’m a fool for faithfully buying oil stock as a hedge against, well, all things economic and social. I’m a fool for wanting our country to go to clean, sustainable, renewable energy like wind and sun. I’m a fool for thinking our entire national, no, indeed global economy is left at the mercy of the middle eastern countries marionette strings on the price of oil. I’m a fool for thinking that if we extricate ourselves from them that we will have increased security at the homeland.
And all the world is a fool with me, especially our lawmakers for wasting any time on addressing oil and energy as an issue since there’s so much oil. No, check that, especially the leaders of Exxon and other oil behemoths, for paying ridiculous prices for oil to OPEC, as they have the exacting expertise that I do not claim, and they go right on buying.