Supply & Demand: You Kinna Change the Laws of Economics

To quote the famed and studied engineer who kept (will have kept?) the Enterprise moving at or beyond the speed of light, "You kinna change the laws of physics."

Similarly, you kinna change the laws of supply and demand. Why is oil so expensive? Increased demand (e.g., China, Eastern Europe, Russia), and fears about how well the world's suppliers can keep up with demand.

'Taint rocket science; it's economic science. If there were a shortage of grapefruit, and the government mandated that they could only be grown in certain locations and under certain conditions, the price would go up. So, too, does the market for oil respond.

Suppose the socialists elected to our government decided that we're using too much iron. We won't have enough iron in the future if we keep using it at this rate. Americans need to cut back on the rate it selfishly uses its iron. What would happen to the price?

But what about the speculators, driving up the price? Sometimes speculators earn, sometimes they lose. The fact that some are speculating higher than $130/barrel suggests real fears about where we'll get the organic carbon compound. The fears are well-founded; for purely emotional reasons, socialists in America have decided we shouldn't use one of our natural resources. That makes investors nervous worldwide--that makes oil expensive for everyone.

Want to take some steam out of speculators and calm people down? Announce to the world that America, the hardest-working country on the planet, is going to do two things:

1) Find more oil and pump several hundred thousand barrels into the market starting pronto.
2) Harness the power of the most abundant element in the universe: H.

This would ease the minds of investors--it would show that we're thinking about current economic problems as well as an alternative energy source for down the road. There's energy galore out there, be it carbon rings or tinkering with atoms. America just needs to go get it, unashamedly and boldly.

That's why I signed the petition at American Solutions. I believe that unfettered by people who don't contribute to the economy (aka politicians), American ingenuity can be tapped without ever running the well dry.

By the by, this is NOT a paid blog.