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Pleading With Our OPEC Overlords

Published 05/16/08 Economy In Crisis - Print Article

President Bush is in Saudi Arabia today meeting with King Abdullah to lobby (beg) the monarch to have OPEC pump more oil to help ease soaring gas prices in the U.S. Abdullah is expected to turn him down, just as he did earlier in the year when Bush made the same request. America's position of vulnerability- exemplified by our president's current unsuccessful cajoling of a monarch in The Kingdom- is the result of dependence on a distant cartel for the economy's crucial energy sector.

Oil prices rose to a record of $127 a barrel today, which will continues to drive up gas prices in the U.S. Major cities including California, Chicago and Long Island are already experiencing $4 per gallon oil. If the current oil pricing pace holds, $4 per gallon will be the national average for gas by June 6th.

For all intents and purposes, America is at the mercy of our OPEC overlords to handle our soaring energy prices. This is what happens when we as a country are addicted and dependent to distant nations for our needs domestically. Other crucial sectors of the economy- like the nation's industrial base, which has seen 3 million jobs lost since 2000- are not far behind in moving abroad and as a result, increasing our dependence on imports. Unless drastic reforms are enacted, the result of our growing dependencies, will be a subversion and crippling of America's economic and military power.

As a former oilman, President Bush knows all to well that OPEC has got America by the throat


Front Page Photo by klipschfan- Flickr © Some rights reserved


E-mail editor@economyincrisis.org

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