OTB Radio – Tonight at 7 Eastern
The next episode of OTB Radio, our BlogTalkRadio program, will record and air live tonight from 7-8 Eastern.
Dave Schuler and Dodd Harris (and possibly Alex Knapp and/or Steve Verdon) will be joining me tonight to talk about the AP “Fair Use” brouhaha, oil prices, candidate tax policies, and whatever else we meander into along the way.
Please join us. We’ll also be taking your calls at (646) 716-7030.
You can play the show, subscribe to its feed, or share it with your friends via the widget below:
(Note: The playback automatically updates to the most recent show available. Older shows can be accessed at the show archives.)
Oil keeps going up, demand keeps going up in the rest of the world while only going down by a few percentage points in the US. The cost of energy is rising while the dollar keeps falling. The Federal Reserve has devalued our dollar further by continuing to print currency and flood the market with loans in order to bail out the US financial market. This has increased inflation and directly devalued the dollar. Oil is traded on the world market in dollars (for now). We are experiencing sticker shock due partly to the fact that it requires twice as many dollars to purchase a gallon of gas while our wages have not increased. Debt and war deficit financing has further devalued the dollar with additional influence from a stagnant or weakening US economy. Supply and Demand is only one of many influences upon why gas is headed to five dollars per gallon. We could subtract over 30 percent of the cost of a gallon of gas by raising the value of our currency, driving more efficient automobiles, and walking away from gasoline burning engines entirely. Even if we drill off the coast of both coasts and in Alaska, that oil is not required by law to remain in the US for domestic use. All oil ends up on the world market. If we do keep all US oil domestic, it would not be enough to fuel our current or future demand. Has anyone realized that oil, coal, natural gas, even nuclear power is a dead end source of energy (not renewable)? Has anyone thought that about the fact that foreign energy suppliers will reduce their output as US companies increase production in order to keep the cost of energy or profit margins elevated? The answer is not more fossil fuel; the answer is the elimination of fossil fuel. We have the technologies now, with more on the way. We need to convert our civilization for compatibility with the new technologies. We must be motivated for the future, our children’s future and act. But we are facing foes that fear change; we face foes that want to continue to profit from antiquated limited forms of energy. We are facing those who wish to use the fear of high-energy costs in order to fuel their businesses need to evade environmental law. This is all about profit motive rather than a genuine concern for the future of energy.
My new car gets 50 miles/technology. I’m so glad I’m no longer dependent on oil. Thanks John David Prince.
good show tonight James. I wuz gonna call in, but it went so fast and I wouldn’t have had much to add to your already stellar panel.
Yes JDP, thank you. Christ, does that comment have a real point? Your points are either misleading (that oil is antiquated) or trivial (any oil we drill will go to the world market. Duh!!) That looks a lot like a copy and paste job. And not a good one.
One more thing: paragraph breaks are your friend.