Our Friends Pitch In To Cover Their Own Asses

Typical Off Shore Oil Rig

Headline: OPEC Cuts Production 4% to Prop Up Prices
Full story at: http://www.nytimes.com/2006/10/20/business/worldbusiness/20opec.html

Headline: OPEC cuts record 2.2. million barrels a day
Full story at: http://news.yahoo.com/s/ap/20081217/ap_on_bi_ge/af_opec_meeting/print

Soap Box Ravings says stand by. The politicians who voted to increase drilling off shore now that they have cemented their position wish to relook at drilling off-shore.

As you can see by the two bylines above, the Saudis and other oil producing countries are being affected by the economy. Since they are not selling as much oil they need to reduce production to keep their profit margins up after. They have a standard of living to maintain.

We are not buying as much oil because our economy is bad. As the prices stay high, we will be able to buy less fuel for our vehicles or to heat our homes.

This is why we need to be drilling for our own oil, so we do not have to remain under the thumb of those we now purchase our energy from.

At the same time we need to identify other useful and cheap means of generating the power we need to run our economy. We need to build nuclear reactors, some clean coal burning plants, drill for our own oil and build new oil refineries. We do not need corn derived alcohol nor do we need miles and miles of windmills.

Soap Box Ravings believes there are intelligent ways to increase our energy without destroying our lifestyle.

If I Only Had Better People Working For Me

SEC Chairman Christopher Cox

SEC Chairman Christopher Cox says SEC failed to probe Madoff
Full story at: http://news.yahoo.com/s/ap/20081217/ap_on_bi_ge/madoff_scandal/print

Soap Box Ravings wonders if the Securities Exchange Commission (SEC) is capable of examining themselves. While Chairman Cox was not in charge of the SEC ten years ago many other present agency members have been in it's employ during this entire period.

Soap Box Ravings notes that while many think Chairman Cox is an honorable man, he may be in the same position as a naval commanding officer who unknowingly takes over a naval ship with a misguided and motley crew. Three years later when the ship hits a reef while under the skippers command, his career is finished. After three years at the helm, Chairman Cox should have had a better handle on his command.

Soap Box Ravings believes that Chairman Cox should resign so that a new chairman can be appointed to clean out the SEC in a proper fashion. Criminal proceedings may be required regarding those who were derelict in their duties.

The SEC should not be in charge of their own housecleaning.