Reality oil starts flowing in months not years … If you go to the la brea tar pits the oil products are on the surface of the earth; I am not suggesting that we exploit the tar pits, only exposing the truth that it does not take years. The truth is that there are no oil wells that took ten years to start producing oil.
It may take some time to become independent of foreign oil, but anyplace that oil is extracted becomes a overnight place of improved quality of life … Oil investors provide the money, middle class workers are needed to do the work, product is produced which is dirt cheap from the earth that has a global market, people pay taxes and don’t need handouts from the government.
McCain supports drilling in many but not all locations, leaving veto power to the state for much of the west coast. Obama does not support drilling, and claims it would be quicker to redesign cars than drill for cheaper fuel. Meanwhile it looks like we are going into a recession because instead of the money people pay to get fuel going into the US economy, the money is going to the middle east … being used by Iran to build weapons.
Popularity: 26% [?]
July 7th, 2008 at 12:35 pm
You hit the nail right on the head. Time are really going to get hard pretty quick for sure.
July 7th, 2008 at 1:13 pm
What gets my goat is that the MSM is claiming it would take 10 years … If California were to allow drilling, one month later the economy would improve, these oil investors who are being made into villains by the MSM would capitalize any drilling by buying the oil that is in the ground (oil futures). The company that drills would start having a product in less than a year, likely turn a profit the first year. Thousands would be employed all American labor.
If the price of oil does not come down quickly, more and more people could find good jobs in drilling for and increasing the supply of oil. If the world demand for oil is so great that the US production does not reduce the price, the US will be able to export oil; something that the rest of our economy needs.
Look at Saudi Arabia; They have a high standard of living; They export one product - “Oil.” They import all of the other products they need. Their politicians are not saying that producing oil is “bad”; nor are they suffering because of the high price of oil; They are not looking at a downturn in their economy. And, they have not destroyed the environment.
What is wrong that we can not do what OPEC nations seem to be smart enough to have figured out.
I digress, Why can Obama not see that in Africa they have figured out how to clean coal and use it? If the US oil companies can not figure it out why don’t we contract Africans that have the know how.
July 7th, 2008 at 6:16 pm
This is just another version of environmental activism. These haters take every opportunity to tear down civilization and make life miserable for everyone. They claim it will save the environment or some species of something. Reality is they simply hate and to make everyone feel as bad as they do, they keep us from meeting our needs.
July 8th, 2008 at 3:21 am
It’s boils down to some very basic economic laws. Announce tomorrow that the OCS will be opened up for exploration and revise policies that will strengthen the dollar and the price of oil will spiral down about as fast as it shot up.
July 8th, 2008 at 2:19 pm
Gary, I am in agreement with you (even before the first barrel is extracted from the ground) … But if speculation turns out to be that the supply will still be tight it can hover for awhile; I don’t see that as a bad thing because it will fund more oil exploration, which will lead to a future of less dependence on oil from the middle east. The truth be told, Saudi Arabia could dump oil into the market and send the price below $10 a barrel - they wont. But at $50 or $60 a barrel there are a lot of places with oil that can be explored and drilled with considerable profits. The market needs to be opened to let people who are willing to produce oil for less than OPEC to be allowed to do so.