Energy Secretary Says Goal Is Not To Lower Gas Prices

According to a new report from the Institute for Energy Research, the United States has as much as a 250 year supply of oil in the form of 1.7 trillion barrels of recoverable oil. That’s an amazing figure, though to be fair the analysis is static assuming a constant 7 billion barrels per year consumption rate. As we know, the trend for oil consumption in America over time is generally upward.

U.S. Faces Another Downgrade

The U.S. is lacking a plan to do something about $1 trillion deficits, and will soon face another rating cut in six to 24 months. Depending on the outcome of the November elections and what Congress decides to do about the spending spree this administration insists on, the United States will be cruising for a downgrade that lowers our standing in the world and our creditors — according to John Chambers of Standard & Poor’s.

Romney Talks About The Middle East

These are important questions to ask. If Romney wants to be President, he must convince Americans that he will handle the Middle East situation. Many Americans believe the only way to deal with terrorist is to threaten them with the U.S. power and might of our military. The problem is the Obama administration is weak and think talking with terrorists will resolve our problems.