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Cramer is not always right, but he is this time. Ever notice how no one ever says that the reason we don’t do this off-shore or Anwar drilling is because Democrats always oppose it!
Its the absolute truth but will never be admitted on any of the NBC or MSNBC networks. All it takes if for the democrats to say “drill”, but they have never done it because they feel it would make Bush look good. I remember in 2006, just before the off year elections where democrats took control of the congress, when Nancy Pelosi said, publicily, that her job was to see that Bush didn’t get ANY legislation passed! Democrats sacrifice what’s best for our country, for power.

Jim’s my favorite democrat! Actually one of the few I can even stand…

Jim, you’re one crazy dude, but I love ya. Just watch the blood pressure, kay?

Miss your radio show, and miss you with Kudlow!

The real reason the Democrats are against drilling is that it will lower gas prices and give our economy as well as the dollar, a huge boost. They fear an improved economy will help McCain.

We have had decades of this same tired rhetoric from neo-conservatives: make more money for the oil companies, and America will be better off.

Well, oil companies have had free rein for decades because of neo-conservative yes-men in the presidency and in congress.

Is America better off? Or should we FINALLY start conserving energy so that our children and grandchildren have something to work with?

The rich get richer with more drilling. The rest of us just pay for it. What ever happened to CONSERVATIVES – as in CONSERVE? What ever happened to honesty, thrift, savings, hard work? It seems the political parties switched at some point, and now Democrats are the party of hardworking, saving, conserving, ethical Americans.

I’ve voted Republican for decades. NO MORE.

We NEED to drill for domestic oil, but we also NEED to fund wind farms, solar power AND nuclear energy, ALL at the same time.

What we dont need is bio fuel which taking food off the table, increasing the price of basic foods AND can be completely obliterated by ‘natural disaster’ because just a few bad years of drought or flood and we’ll have no food AND no fuel.

NEVER PUT ALL YOUR EGGS IN ONE BASKET!

and If you expect the rest of the world to rush us care packages and emergency supplies- go back to sleep cause you’re still dreaming.

along that line… IF you love your Country-stop voting ‘party lines’ BOTH the R’s and the Ds stopped working ‘for the people’ many years ago.

If we drill for additional oil in the US, that oil will be sold to the highest bidder on the open oil market. (Capitalism, remember.) And the most likely bidders will be both China and India. Resulting in continued high prices. Drilling in the US is short term thinking. We need to invest in alternative energy for the greater good of the country. Wimps indeed.

AngryRepublican,
If you are *truly* a conservative (which I doubt you are), the republican party would be much better without you since you lack a basic understanding of the situation we’re facing.

Conservation will not make us any less dependent on unstable, anti-american countries’ oil. Alternative energy will not result in any significant decrease in our dependence on foreign oil for decades, given the fact we’ll need to replace hundreds of millions of consumer vehicles, aircraft, the entire trucking industry. You don’t turn an aircraft carrier on a dime!

However, a *combination* of the above in conjunction with increased DOMESTIC oil production is what is necessary to combat the instability our economy is facing largely due to speculation and foreign political instability which is currently OUT OF OUR CONTROL.

Sitting on our rear ends and doing nothing will not “leave our children and grandchildren” with anything, because everything we have WE WILL HAVE SENT OVERSEAS TO COMPANIES WHO HATE OUR WAY OF LIFE! Would you rather invest your dollars in America, or Iran? Would you like your dollars to pay for American workers, or Islamic militants? Buying foreign oil is a money sink…the majority of every dollar we spend on oil simply disappears from our economy! The so called “evil” oil companies are only receiving a fraction of what these foreign countries are ending up with!

Real savings comes from becoming responsible and independent. Our DEPENDENCE on foreign oil removes our ability to operate with greater stability and efficiency, since a trash can fire in Nigeria can apparently cost the American people millions of dollars! Even “posturing” between Israel and Iran is costing us!

People, wake up and get a clue! The economics will not change unless we break off from foreign dependence! Conservation, more efficient technology, and increased domestic production are all necessary. There is also a movement to try and curb the rampant speculation in the futures market by removing the “Enron” loophole…which essentially allows people who have no intention of receiving oil set up delivery contracts, putting up only a fraction of the contract’s value, only to turn around and resell it after it drives up the price!

If you’d like to take some *ACTION* instead of complaining and political playacting, please visit:

Stop Oil Speculation NOW:
http://www.stopoilspeculationnow.com/

Petition to DRILL NOW:
http://www.americansolutions.com/actioncenter/petitions/?Guid=54ec6e43-75a8-445b-aa7b-346a1e096659

BooYah,

You’re assuming that the influx of domestic drilling will have NO IMPACT on oil futures, which is ignorant if you have a basic understanding of economics.

The increased supply, new competition, and increased stability of the oil’s source would lower the price. This, in conjunction with addressing the way speculation is regulated, and the fact that the oil would be coming from FEDERALLY OWNED LANDS, means that we’d have much more control than you are inferring. The way the contracts are set up could mandate a portion of oil is kept for domestic use.

Finally, even if we were paying a similar price for oil (though doubtful), the fact that the majority of that money coming from Americans would be paid to Americans instead of sent overseas would be a boon to our struggling economy.

“Boo Yah July 11th, 2008 – 1:13 pm

If we drill for additional oil in the US, that oil will be sold to the highest bidder on the open oil market. (Capitalism, remember.)”

Do you? If we start to greatly increase drilling then the threat of increased supply will force the other oil producing countries to sell off the oil they are holding. They will try and get the best price they can while teh price goes down. It would be an almost immediate dramatic decrease, followed by a levelling out and then, after a few years (if we continue to incrase OUR production), the price of gasoline will come back down. Why? How?

Incrased supply is a big factor but not the only factor. Who does the supplying acffects prioces too.
Remember, they buy oil futures and if the future says “increased supply” the price of futures goes down.

And, contrary to the nay-sayers, we can start drilling off our coasts in one year and in ANWAR in three. Not ten or twenty.

I agree with everything you said Mr. Richmond except your call to end oil speculation. The fact that we have oil speculation is the only thing that is actually signalling the bleeding to this country right now. If speculation was artificially curtailed, then it would be unlikely that we would be seeing oil prices sky rocket and we would end up with a slower, yet insidious, rise in oil prices. The fact that we have this current rapid spike in oil prices is sending a message to the American consumer and idiot politician (who by the way I really believe get it, but are letting personal agendas drive their legislation and votes, not what’s best for our economy) that we need to take action now. Your other solutions are correct, but again, I believe that without the rapid price increases caused by speculation, none of your solutions would ever see the light of day. High fuel prices right now are more likely to irritate enough people that there will be action sooner than later.

Doesn’t anyone correlate the increasing financial crises with the democrats winning congress? What in the hell has Reid and Pelosi done? NOTHING. They said we’d be out Iraq. WRONG! They said they’d watch out for us, FISA anyone? WRONG. Oil was steady before these morons took over congress. In fact most of the financial mess started when they started. So, you want to elect more democrats? What in the hell is wrong with you people.

Angry Republican and Boo Yah,

Please take a bit of time to study some basic economics before commenting on something you obviously know nothing about. Yes, the oil extracted from US drilling will be sold on the open market–and yes, more production will decrease the price of oil. It is also likely that that oil will stay here–assuming we can get it refined.

The current energy crisis isn’t an either/or situation. We must expand drilling, open new refineries, invest in nuclear, solar, and wind power. We must reward companies that develop new technology and improve existing.

Those who think conservation is an adequate answer are either ignorant of the realities of modern society or intentionally advocating a policy of economic self-destruction.

Those who think drilling or alternative sources are the sole answer are equally deluded.

And those who think the government can resolve this issue is in even worse shape than the others.

This is a complex problem that we have imposed on ourselves through decades of the most asinine energy and environmental policies possible. In the 70’s during the first energy crisis, instead of determining we should become independent of foreign sources of energy, we allowed ourselves to put a stranglehold on finding our own oil and building refineries. Then, over the decades we decided to institute the same types of idiotic policies on coal and nuclear.

Cramer is absolutely right–liberals have taken a ’screw you’ attitude toward the rest of the world.
“We’re too good to use our resources, there might be an accident, so we’ll take yours.” Now that they has created a massive economic mess, they want to blame anyone and everyone but themselves and who better to blame than a big, bad, evil corporation?

“I’ve voted Republican for decades. NO MORE.” ~Angry Republican

The Republican party you have been voting for isn’t the Republican Party at all. The Rep. Party hasn’t been what it was supposed to be since Barry Goldwater, hell since years before him even. The closest you’ll get to a true Republican is Ron Paul and well he isn’t electable because he wants to follow the Constitution to the letter and well according to George W that is “just a godddamn piece of paper.”

I love Cramer!!!!

With the Dems in charge we are SCREWED. The Taxpayer is already overburdened by huge gov. If you are a gov. worker you do not care if you ruin our economy, as long as you get your “overpaid” compensation. Cramer is Right on this one. The Liberals love Conservative that fight amongst themselves, all the while taking more of our freedoms (read money, we can keep!)

what a twisted warped world we live in!

“Stop Oil Speculation NOW:
http://www.stopoilspeculationnow.com/”

^^^^^^^^^^^^^^^
REGULATION!!!!

Angry Republican and Boo Yah,
Please save up some money to buy a clue.
1.) Anyone that even considers voting for obama NEVER was a conservative, the philosophical differences are just too wide to even give that a thought.
2.) Even if domestic oil goes on the world market, the overall supply still trends upward bringing a near immediate reduction in speculative futures contracts, which correspondingly drops the price of oil.
3.) The liberal premise of “can’t drill our way” out of this is patently stupid, of course we can.
4.) Wind farms blow, literally, they are vastly expensive, are a huge landscape blight. One useless fan tower is the size of 50 oil derricks. If wind farms are so awesome and eco friendly, why does the kennedy clan steadfastly refuse to put them in at their compound? Talk about do as I say, not as I do.
5.) Is Cramer still in love with spitzer?.

The reason oil prices are skyrocketing is that investment speculators are moving all of their revenue from other stocks to oil futures.
This has nothing to do with usage or supplies.
It has everything to do with a bunch of idiots already with a lot of money trying to make even more money.
Greed. Greed. Greed.
Go ahead call me a libtard. I don’t care. Only a few benefit from these higher prices and we will go along with it because we’ve allowed those few to dictate our economics.
Whenever someone like myself questions if this is really the best way to run an economic system, the conserfacists question your patriotism.
Kind of like the same way conservative commentators will call liberals or independents names but maintain that only liberals operate this way (namecalling).
The latest hypocrisy the conserfascists are trying to lay claim to is victory in Iraq in the past couple of weeks. This after they conducted this “war” in a completely imbecilic manner until about a year ago.
Is anyone going to mention that it’s also likely the real “terrorists” have gone back to Afghanistan and Pakistan and are killing our troops there now?
The only way to discern the truth these days is to back only the side of the argument you agree with. That seems to be the only truth in this day and age.
It doesn’t matter if McCain — or Obama — is elected, the real powers that be — the money interests — are who actually run this country.

Steve T;
Conserfascists doesn’t have a good ring to it, consider using conservafascists. it’s an extra syllable but does sound better, IMHO.

Funny, I don’t have to use any prefix when describing liberals, I can just say fascist, and the rest is widely understood and described completely.

Steve T,

It appears in your case that you’re quite right–truth doesn’t really matter, nor do facts.

Your assertion that whenever someone questions economic policy they’re patriotism is questioned is absurd. I haven’t seen anyone here question anyone’s patriotism because they disagreed on economics, nor have it seen that in the broader society. The question of patriotism comes in terms of attitude on terrorism and the root causes of it, one’s attitude to American history, American generosity and the contributions the country has made to society and world’s population, and other topics, not whether one thinks the oil issue is based on speculation, the evil oil companies, government policy or whatever.

Your assertion that conservatives are fascists is equally absurd. Isn’t it the liberal Democrats who want to stifle free speech with the Fairness Doctrine, who refused to go onto Fox News until it has become obvious that the audience is far too large to ignore, and who try to shut down any conservative speaking on a college campus? That is true fascism–dictate what people hear so you can dictate what they think and don’t let another view be heard.

I like Cramer, but take a smart pill, Dude. We should nationalize our oil before we drill anymore. More US oil wells will not lower the cost of our gas because the oil would go into the international market. Saudi Arabians pay $.45/gallon, same as in Iraq because their oil is nationalized. We should nationalize, use our oil for domestic sonsumption only if we really want to bring down prices. It is our own national resource and it should stay here not make internatinal oil companies rich.

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