...According to the federal government's own Department of Energy, drilling off America's coasts would not have a significant impact on domestic oil production or prices before 2030. And off-shore leasing wouldn't even begin before 2012...
...Most of the U.S. offshore oil, almost 10 billion barrels, lie off the coast of California. But at the current rate of U.S. consumption - about 20.7 million barrels a day - that would be burned up in 16 months...
(and I love this one!)
...Experts believe that currently restricted areas … could eventually produce up to 18 billion barrels of oil," Mr. Bush said in a recent speech.
On that quote, my first question is,"Who paid for the 'Expert Opinions,' and why is the opinion not one of assurety? It is common practice in many industries to conduct research to determine what is correct, beneficial, etc, and what is bad, dangerous, unhealthy, etc.
In commisioning this research, the company wanting the information will hire a firm that will give them the results they (the 'fact finding' company) want. In other words, the results are skewed from the beginning. Mr. Bush seems to advocate this same 'fact finding' to support his call for oil drilling. Notice the words "...could eventually..." Anyone who has followed politics can recognize this jargon as basically saying, "...well, the oil might be down there, and if it is, it will take a long, long time to get it out."
Mr. Prez is still adding on to the Texas-sized pile of horse poo that is already sickeningly deep. I still maintain that his one interest is for $$$. The same articles I read on this alluded to the fact that if the oil actually hits the market in the next 22 years or so, its impact might well be as much as an entire two-bits--yep, a whole quarter. Whoopy-Dooo!!!!
Let's all jump up right now and gleefully yell our praises to the big Oilman from Texas. Billions in assured tax breaks, exemptions from established Environmental safeguards, and a profit windfall fall for every hire-up associated with the exploration, drilling, refining, and selling of the petroleum products.
The environment will get screwed; the American Taxpayer will get shafted; and the American consumers will feel the brunt of the "lower" gas prices when they spend $100 on gas to fill their car, instead of $100 on groceries to fill their stomachs. Isn't it about time the government put some real money into energy research instead of shoveling it towards companies (in the form of tax breaks) that already could care less whether or not you can feed your family?
(Write your Congressional Representatives, Please!!!)
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