Democrats

Do You Recall the Synthetic Fuels Corporation? You Should

April 28, 2008 ⋅  E-Mail Article ⋅  Print Article ⋅ Post a comment

Gas prices are high based on the perceived value of the American dollar and the American dollar is low because of the sluggish American economy. However, if the economy rebounds and the value of the dollar goes up the price of gas also rises because the commodities traders say that a more energetic economy results in more oil consumption and thus oil futures once again rise. This begs the question, is the value of currency tied to oil or is it vice-a-versa? In 1980 Congress passed the Energy Security Act which led to the creation of the Synthetic Fuels Corporation. Congress provided the Synthetic Fuels Corporation with approximately $90 billion in loans and incentives to get started. The Synthetic Fuels Corporation was established with a goal of creating two million barrels a day of synthetic oil by 1988. The corporation soon failed based on the economics of the 80’s because members of the Organization of Petroleum Exporting Countries retaliated against synthetic oil production by bringing down the price of oil. Oil went from approximately $40 a barrel to less than $8 a barrel and this caused synthetic oil to be too expensive at the time. However, with the prices of oil now it seems that synthetic oil should be hot and heavy on our politician’s agendas. And speaking of politicians, why haven’t the American politicians come out with a more aggressive plan to combat high fuel prices and foreign energy dependence like synthetic oil? Maybe its time we drill in Alaska before we have to sell Alaska just to pay for a few gallons at the pump.

Nothing slows down an economy and hurts a business cycle like the cost of fuel and yet the politicians running our country have yet to do anything out the high prices of energy. Now for the topper, while every blue-blooded yellow streaked outsourcing American CEO Coward tries to make us all greener they have not noticed that the Earth is actually cooling the last two years. Yeah, the Earth is cooling. There will actually be procedures occurring in the frozen tundra designed to actually dirty up snow to reduce heat loss and actually warm up the Earth so for all those do-gooders out there it may be time to reconsider clean coal technology and get off the snide and get clean coal factories up and running again. Disconcerting as it may be the truth is out three so for many true believers of global warming I am about to shock you, here it is, ‘the average temperature on Earth has remained fixed or slowly declined during the past decade, and this is scientifically proven. So despite the continued increase in the atmospheric carbon dioxide the greenhouse phenomena is being put to pasture along with the Easter bunny, Santa Claus, and the Pet Rock.

The global temperature is falling gently and more and more scientists are agreeing that global warming has stopped and a cooling phase has now been started. So American politicians you need to do two things, first you need to resolve our oil problems by drilling in Alaska and providing oil for Americans. Secondly, you need to get clean coal power plants back on the hot list of new buildings to create so that America is powered into the future. Once our oil issues and coal issues have been addressed then we need to start working on alternative energy and renewable energy but for now we just need reasonable energy or soon single parents won’t be able to feed their children and that is a fact much more real and observable than global warming.

How about lets create some domestic jobs and eliminate foreign oil dependence.

Related Posts