During this stormy days, that we're living, the crude oil prices experience a great variety. On the one side there is the economy crisis of the United States, on the other the hurricane season in the Gulf of Mexico.
The US crisis is going deeper and deeper. If the Obama Administration will not fix the situation, the dollar will loose his value and the inflation will take over inevitably the whole economy. Even if the government has to fight against such serious problems, the Department of Energy has a mandate to spend $50 million dollars a year for renewable energy researches.
Wikipedia: "Oil shale, an organic-rich fine-grained sedimentary rock, contains significant amounts of kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil can be produced." Shale oil is, because of a theory by the Rand Corporation in the 1980's, one of the most controversial energy sources of today's industry. In the USA they say “It uses too much precious water! It’s unproven technology!”. In Estonia, a company produces around 25 thousands of crude oil a day.
Global Warming Scare Mongering Tried Before in 1922
Is our planet actually cooling?
"The salient facts [regarding climate change] are these. First, the accepted global average temperature statistics used by the Intergovernmental Panel on Climate Change show that no ground-based warming has occurred since 1998. Oddly, this eight-year-long temperature stasis has occurred despite an increase over the same period of 15 parts-per-million (or 4 percent) in atmospheric CO2."
You don't have to be an idiot to be a sucker at something, especially gambling and investing. People who're capable of running large businesses and making millions of dollars make some of the worst investors and the biggest suckers. Running a business where you have a profit locked in every time you make a sale is a lot different from investing your money in something that might give you a return on your money after a period of time and might not. In the latter situation the smartest of people tend to want to grab at the fastest moving, thinnest straw, rather than the slowest, fattest one. No matter how many examples you give them of the tortoise outrunning the hare, they still want to climb on what they see as the investment fast track. The exotic hare is seductive; the plain-looking tortoise is boring.
As we all know, after starting the “wonderful” Quantitative Easing II ("QE2") program in November 2010, the prices of crude oil are in a hiking process. Also the weak dollar and China's taking over actions, the crude traders had to live really excited days in the last months. The prices of WTI and Brent are around $100 or even higher and there are no improvements to await.
Did our elected politicians listen to the sane scientists? No. Why energy prices keep soaring beyond reason? This is a rhetoric question... Otherwise, we're the fools in this huge big joke they call "man-made global warming." It's another mistake ditched on the taxpayer, or is it a mistake or not?