Offshore Drilling
Regarding our invasion of Iraq, right-wing media tycoon Rupert Murdoch, owner of Fox News said: “The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil. That’s bigger than any tax cut in the any country.”
Unless, you consider the looting of Iraq’s oil a policy, Bush has been in charge for seven-and-a-half years and has not provided a coherent energy policy. American voters are expected to believe that it’s the Democrats’ fault.
Bush is insisting that Congressional Democrats are preventing offshore drilling and many Republicans in Congress have joined Bush in attempting to lay the blame for $4 a gallon gas at the feet of Democrats.
House Speaker, Nancy Pelosi says expanding offshore drilling would do little to lower gas prices in the near future. California Governor Schwarzenegger says it’s not the answer and instead we should work toward alternative energy sources.
Oil companies have 68 million acres under offshore lease that are not being developed. Furthermore, we have a shortage of refinery capacity and even if more oil became available immediately, the issue of where we would take it to turn it into gasoline would remain.
Offshore drilling would have no bearing on energy prices now or in the near future. The problem isn’t the availability of areas in which to drill, it’s our inability to motivate oil companies to spend money to look for oil. Why would they be interested in spending money to develop new sources when their currently raking in record profits?
The answer is for Americans to go on a low oil diet. If we didn’t waste so much fuel we wouldn’t be in such poor shape. Let’s walk a half mile to the gym instead of driving.
Unless, you consider the looting of Iraq’s oil a policy, Bush has been in charge for seven-and-a-half years and has not provided a coherent energy policy. American voters are expected to believe that it’s the Democrats’ fault.
Bush is insisting that Congressional Democrats are preventing offshore drilling and many Republicans in Congress have joined Bush in attempting to lay the blame for $4 a gallon gas at the feet of Democrats.
House Speaker, Nancy Pelosi says expanding offshore drilling would do little to lower gas prices in the near future. California Governor Schwarzenegger says it’s not the answer and instead we should work toward alternative energy sources.
Oil companies have 68 million acres under offshore lease that are not being developed. Furthermore, we have a shortage of refinery capacity and even if more oil became available immediately, the issue of where we would take it to turn it into gasoline would remain.
Offshore drilling would have no bearing on energy prices now or in the near future. The problem isn’t the availability of areas in which to drill, it’s our inability to motivate oil companies to spend money to look for oil. Why would they be interested in spending money to develop new sources when their currently raking in record profits?
The answer is for Americans to go on a low oil diet. If we didn’t waste so much fuel we wouldn’t be in such poor shape. Let’s walk a half mile to the gym instead of driving.
posted by Jim O'Leary | 12:00 AM
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