
<p>Based on the reporting, there is a lot of interest in oil prices – as there should be.</p>



<p>Oil is at the foundation of the American economy – actually, the world economy. ; Like it or not, the modern civilized world runs on oil – and that is not likely to change for a looong time. ; President Biden and his anti-oil supporters on the left are pushing a vision of America that will soon end the use of oil as a primary – or even a significant –source of energy.</p>



<p>If you believe that America &#8212; and the world – can one day be totally free of the need for oil it will not be in the near future. ; It will not be in 2035 or 2050 – and not even in the Twenty-First Century.</p>



<p>Let me be very clear. ; I do believe that we do need to shift from oil to other energy sources for a lot of good reasons – not the least of which is that we are using fossil fuel to an eventual point of depletion. ; To the extent that we can introduce – over time – efficient and dependable alternative energy sources, we should do so. ; It could be wind or solar – although they are not nearly developed to the stage of replacing oil. Widespread use today would drive consumer costs for energy through the roof.  ; It could recommit to building more nuclear energy plants – which is the best alternative to oil. ; But that runs into a lot of political opposition and concerns over atomic waste.</p>



<p>Science is currently working on dynamic potential energy sources that could develop to become the alternative to the current alternative sources. ; There is an enormous number of exotic energy sources in the world, but we are still on the drawing board in terms of efficiently and safe access to them.</p>



<p>The reasons oil production and pricing are so important is because EVERYTHING we do depends on oil. ; If the use of oil were to end today, the world would be pushed back to the Neanderthal period. ; Name anything you have … anything you want … anything you wish to do … and it will go back to the use of oil and oil derivatives.</p>



<p>Some folks take pride over “being off the grid.” ; In the extreme, they claim to be “energy independent.” ; That is not true if they like to eat and buy things – virtually anything.</p>



<p>We pay attention to the pump price for gasoline because it stares in our face. ; We see it every time we “fill ‘er up.” ; I am up approximately $7 per tank full since the recent inflationary increases.</p>



<p>But gasoline is not the only impact oil has on our budgets. ; Think about all those trucks delivering the goods to every store – or directly to our home. ; They arrive by boat, plane, train and truck – all of which travel on oil. ; When that price per barrel increases, the cost flows through the entire commercial market like a gusher.</p>



<p>It is not only goods, but also services. ; When you pay your doctors, you are paying the impact oil has on their rent, utilities and the cost of all those wonderful medical supplies and very expensive diagnostic machines.</p>



<p>Of course, when we consider oil – or wind, solar or nuclear – we are looking at sources to supply … electricity. ; That is the energy we observe most in our daily lives. ; It seems to power damn near everything. ; But it is oil that is the primary producer of electricity.</p>



<p>There is a lot of movement toward electric cars, but to have an adequate source of energy to produce them, we need massive amounts of fossil fuel – and we will for the foreseeable future.</p>



<p>While the world runs on oil, it is also a commodity that has great competition in the global marketplace. ; So, when we consider the reliance on oil energy, we must consider the situation in America. ; We need to protect our national interests in the Great Oil War – figuratively speaking.</p>



<p>Approximately one year ago, the United States was oil independent. ; We were such a significant producer that we were actually an oil exporting nation. ; Thanks to the Biden administration’s so-called green energy policy, we are no long independent – and longer exporting.</p>



<p>Biden has put America in the unfortunate position of having to buy oil on the international market – and beg other nations – friendly and some adversarial, such as Russia, China, Venezuela and the international oil cabal, OPEC – to increase production to stave off the Biden-launched inflation. ; The reason we are going hat-in-hand to the world oil producers is because Biden has declared a war on American oil – reducing supply and creating uncertainty that disrupts future planning.</p>



<p>Biden policy has also diminished America’s international leverage. ; The White House has given the Russia/German pipeline a seal of approval – greatly helping the Russian economy. ; We lost the opportunity to use American oil resources to sell to Germany as an alternative to Putin’s Pipeline.</p>



<p>While it is not the only thing, oil prices are fueling the inflation. ; The reduction in oil supply has been met with increasing demand. ; That is why Biden is operating from a position of weakness – his own self-inflicted weakness.</p>



<p>Ironically, Biden &; Co. may have engineered their own downfall. ; There is less than one year before the 2022 midterm elections. ; Biden’s foreign diplomacy failures – Afghanistan, China, Russia, Iran, North Korea, Venezuela – are not likely to reverse or even improve in 11 months. ; In fact, we are more likely than not to see Russian and Chinese aggressiveness increase.</p>



<p>The Covid may slowly dissipate, but it is not likely that all the fearmongering policies will be gone.</p>



<p>And in terms of the economy, I believe inflation will be a problem. ; ;</p>



<p>The only chance Democrats have in 2022 – and it requires desperate tactics – is to engage in meaningless symbolic action … blame the failures on “messaging” … and try to convince the American public that every Republican is evil in every regard – and poses a threat to the future of the Republic. ; That is a lot of bull stuff for we the people to swallow, however.</p>



<p>And in the final analysis, it may be oil that lubricates the political slippery slope upon which Biden has trodded.</p>



<p>So, there ‘tis.</p>

Oil prices are fundamental
