Glenn Beck: The Goverment is Causing High Energy Prices

While the government is busy messing with the energy market place and blaming high prices on "big oil" they have managed to completely screwed the American public. We must DRILL now and tap into our domestic oil. Why pay a billion dollars per year to countries that foster hate for the USA? I'm much rather spend that money employing Americans to produce more energy here. We cannot conserve enough oil to maintain our way of life. Do you really want to go back to the 1860s?

Category:

News & Politics

Tags:

• Glenn
• Beck
• government
• energy
• price
• oil

[netstepinc]

Dude...this is a family show...but I agree with you. These idiots truly believe the consumption of energy will result in the death of our planet. If everyone really wanted to live without fossil fuel Amish country would be a heck of a lot bigger don't you think? I'll bet the libs are the first ones to scoff at the Amish and imply they're foolish.

[giterdun77]

The Fed deploys the speculators who raise the price of oil, because they perceive high oil prices as being in the general interests of the US economy. The pop in the housing bubble is threatening *deflation*, which is the Fed's worst nightmare. By artificially raising oil prices, they wish to raise asset prices and counter deflationary inertia. They did the same thing in 1973 (6 Day War was conjured) and 2002 (oil past $50/barrel after tech. bubble burst). Doesn't mean it'll work this time...

[netstepinc]

Speculators are normal people who are observing market forces and "betting" on the trend in the market place. If we'd move aggressively in the direction of increasing supply the trend would tend to level off and maybe even go down. Speculators buying options way above today's market would loose. Like betting on a horse race. The number of people betting affects the odds and the value of your payout, but it doesn't influence which horse wins the race. If America will DRILL it changes who wins.

[giterdun77]

netstepinc, the "horse race" you are analogizing is a fixed race, courtesy of the Fed. Tactically doing away with the M3 figure, then pumping up liquidity ad naseum to supposedly fight deflation, which then triggers oil prices to catch up to inflation by surpassing $140/barrel, does not an even horse race make.

[netstepinc]

No doubt our insane monetary policy is wrecking our economy and driving up oil prices. But are you saying that a flat or declining supply and and skyrocketing global demand has no effect? Do you think aggressively increasing supply will help? Aren't we in the perfect economic storm?

[giterdun77]

No, I'm saying a flat or declining supply and skyrocketing global demand are ruses for what's going on. Do you realize just how drastically said supply/demand equation would have needed to change **within the past 9 months** in order to warrant such an unprecedented spiking in the price of oil?!? NO, this is the work of the King Speculator, the Federal Reserve, and its deployed minions.

[netstepinc]

Yes. Obviously supply wasn't cut in half and/or demand doubled in 9 months to get double the price at the pump. However, in the absence of any increase in domestic supply in the foreseeable future, it's reasonable for all minions and non-minions to speculate the prices of oil will continue to rise even based on the Euro. My point is though the Fed has F--- up the money supply, that doesn't decrease our need for increased domestic oil production. I don't like sending all our money over seas.

[freesk8]

Reagan said it best: government is not the solution, government is the problem.

Leave it to the free market. Congress should get the heck out of the business of trying to dictate energy policy.

[speed220mph]

It's really refreshing to have someone like Beck cut through the political fog of global warming and environmentalist myths using common sense.

[Germtrancsuperman]

- Romantic Brothers - FLOWERS - ! U must to listen this great i-tunes smash! Hilarious! About politics, economy & war! Real situation song.

[gb10100]

dude everyone knows that already lol

[82mozn]

stop listening to ant goverments

[timothy3264]

DEMOCRATS ARE SCUM

[UNLESStheLORD7]

Corrupt politicians keep the cycle going by paying off thier supporters thru tax loopholes and bailouts. What you are basically saying by your statement is that succeeding is bad if you get richer than everyone else. Gov. needs to stay the heck outa the private sector. Corporate America is the innovative part of America... government squashes innovation when it puts all kinds of regulation all over everything. What government touches it ruins.

[anorchosocialism]

That's it Glenn blame corporate America last. Besides, you're their spokesman. Who do we elect to office? And who gives them campaign funding? Corporate America has our government as their bitch. That's why there are 70 corporate lobbyists in Washington per congressman. Does the gov. has its own TV station? Corporations have a ton of them. Wake the hell up people. Big business and big gov. are so in bed they should be gay married. How often does gov. take taxes to give to corporate contracts?

[bam6956]

bs peak oil is bs i agree doubling the fuel efficency will do more than finding any oil but there is lots of oil don't believe this bs they are trying to drive up the cost and they are trying to get governments to pay for new drilling thats what it is about look up alberta oil there is 1.7 trillion barrels of oil

[gqtexan]

What about wind energy?

[ixaxion]

Hydroelectric power. Can think of anything cleaner than that... it's water!

[whiutecloud24]

I gladly pay 3 times for liquid fuel as long Hamas dosent benefit.

cant think of anyone who pisses me worse.