Oil will spike to its highest level by 2016 or sooner

bumped up with update and link to a timely Legal Insurrection post on Obama squeezing energy producers.

It's setting up to be a perfect storm and oil imports will flourish.

With no new drilling or exploration happening on American soil, offshore drilling halted, new oil being prepped everywhere but the United States, no new nuke plants coming online, hydro electric power going offline and coal created electricity getting the squeeze, the American government is manufacturing our own home grown energy crisis.

Further, as the global economic recovery slowly but surely chugs into motion, GLOBAL demand will begin to outstrip production and prices will rise through the roof. Our only saving grace in the short run is that the economy sucks and demand is low. The long run not so much.

Had the Bush and the Obama administration gone full force in bolstering the domestic production of energy (even electric energy), we'd be in good shape, but we are not. What we have is a domestic war on warm weather and new wind mills which don't produce jack (smacks of a literal Don Quixote metaphor if ever there was one).

Should Israel decide to take out Iran in this same time frame, and ooooh baby we are looking at an energy crisis to tell your bankrupt grand kids about. Sorry fixed income seniors with reduced Social Security benefits who can't afford heating oil, you're going green. Though technically I think freezing limbs with no blood flow turn a different color.

Ah- but in a recent post I declared that I don't lease space in my brain for people I believe to be windmill chasing idiots, rather that mental real estate is best used as shop space for profiteering on the stupidity of the Obama voting masses. Call me Al Gore in that regard.

Obama's answer to growing the domestic supply of energy which drives our economic engine: Windmills, regulating energy producers out of business, cash for clunkers, and cash for caulkers. Please stop... the energy execs and Saudis are wetting their pants laughing.

My Response: Accumulate energy stocks. As with the last energy crunch, all the usual stock symbols will go through the roof. They are smart and know how to play this game like a harp from hell.