The fragility of the economy shows in many areas.
Last Thursday, the mere hint of a fairly insignificant surplus in U.S. oil reserves pushed down current oil prices and energy-related futures and other speculative plays.
Oil prices have fallen sharply as weak US home sales data and high US oil inventories prompted doubts about a potential recovery in fuel demand. Source: BBC News, 24th September.
Can you imagine the reaction to an announcement of a new source of U.S. oil reserves? Or of renewed off-shore drilling capacity? Relaxed EPA standards? Additional refinery capacity?
Our energy prices would be cut in half and we’d be so much less likely to war with oil-rich nations on whom we now depend for the functioning of our economy and who, indirectly or not, limit our economic and personal freedoms.
By Sherry Jarrell
Learning from Dogs 