Originally
posted by
TheORKINMan:
Since I am a Republican and this batfluff crazy lunacy is coming from my own party I'll bite:
1.) Democrats do not want America to fail. They may be wrong on some things like everyone is but they aren't out trying to cause the collapse of western civilization.
2.) Cheap oil is gone and it's never coming back and the free market as it relates to oil is a myth. The oil markets are not free because OPEC essentially operates as a trust that would be made ilegal if it were within the jurisdiction of American courts. Simply increasing production isn't going to do fluff because OPEC wants to keep prices high. If you increase production by 2 million barrels OPEC will just cut production by that amount to keep prices inflated.
3.) The futures market is also interested in keeping oil prices high. Speculators are allowed to purchase oil ON MARGIN(ridiculous) and do not even take delivery(also ridiculous). Basically you have a group of financial investors making a buck off of everyone else without actually making a product, doing anything useful, or adding any value and they don't even have to use their own money to do it.
4.) The deification of the free market is insanity. The market is capable of being manipulated and corrupted by savvy businessmen and in those situations it does NOT benefeit employees or lift up everyone as this video claims. During the biggest period of laissez faire markets in the United States we had to end up regulating because monopolies and trusts formed and working conditions as well as product safety were severely compromised. It required Teddy Roosevelt, a Republican, to go in and bust a lot of this fluff up because businesses behaved the way businesses do without regulation and that's like evil anti-competitive assholes.
5.) Conservatives need to get over the fact that peak oil exists. We don't know with any degree of certainty how long the world's supply of oil will last because demand is not stagnant. What we DO know is that humanity cannot rely on oil forever and it will run out eventually.
6.) The biggest stifling of innovation has nothing to do with government regulation. It has to do with copyright and patent law making it so no new media has entered the public domain in the last 90 years, patent trolls can patent IDEAS with no way to implement them and then sue people who actually do the work years later etc...
1) He isn't saying anyone wants America to fail, he's saying the policies he's discussing will lead America to fail.
2) 20% of the world's untapped oil is in the United States. We can't access it because of regulations, and the media/government is attempting to make it almost immoral to suggest we should try to tap it. He is also referencing coal, America's most abundant and cheapest source of energy which the government has all but outlawed. Where I live, we are on the verge of a depression because of all the mines that have been forced to close in the past few years.
3) We absolutely need new regulations here. One of the cases of the rich taking advantage of the rest of us that no one talks about.
4) No one wants a pure free market. We advocate for a free market with smart regulations, not those that stifle business in favor of a special interest. It IS true that the free market is the greatest force in human history for lifting people out of poverty and creating wealth.
5) Who would deny that peak oil exists? Oil is a non-renewable resource. What we reject is putting a massive burden on the middle and lower class by forcing up the price of oil in order to force a transition to clean energy when the technology is not there yet.