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Posted by: buckncindykill 1 year, 5 months ago

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buckncindykill1 year, 5 months ago

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DRILL!!! Or at least make overtures that it's time to drill American oil.
In the environmentalists' contemptuous sophistry, their spokesmen sneer that opening the gates to domestic and offshore drilling would not yield results for 10 years. That excuse for inaction is insultingly deceptive. While it will take years to see our domestic supply of petroleum begin to take up the slack, the very declaration that the floodgates will be opened and America is on the way to independence from foreign oil will strike fear into the hearts of OPEC and the speculators who have driven the price of oil skyward.
Their reaction would be instantaneous; they would increase production to the fullest extent possible, motivated by the knowledge that their stranglehold on supply faces its eventual demise, and gas prices at the pump would fall.

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  Xaos1 year, 5 months ago
  
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  I am all for more drilling. The fact that drilling for oil is not a priority here in the U.S. is one of the big reasons that I have doubted the validity of this 'Oil Supply Crunch'. If there were a genuine supply crunch then we would be drilling everywhere we could and ignoring the environmentalist. If it were a real supply crunch then securing new oil and developing alternate energy sources should be a matter of national security. If that was the case then the environmentalist would have no choice than to keep quiet. Kinda weird how these environmental groups have the resources to tell some of the worlds most wealthy companies where they can and cannot drill for oil.
  
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    Tangent0011 year, 5 months ago
    
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    Oil companies have been sitting on thousands of exploration/drilling leases for years.
    I think if federal lands are opened for drilling, there should be a requirement that any oil so derived goes to the US market. As it stands now, Exxon could drill in ANWR and ship it all off to China.
    
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      buckncindykill1 year, 5 months ago
      
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      Most of those leases are not worth exploiting. But yes, every drop of American oil should be available only to Americans. Period.
      
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        RichFatCat1 year, 5 months ago
        
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        "I think if federal lands are opened for drilling, there should be a requirement that any oil so derived goes to the US market. As it stands now, Exxon could drill in ANWR and ship it all off to China."
        "I've been saying that for a while now. Same with off-shore drilling or any other production on federal lands/jurisdiction."
        And you, sir, are exactly correct! Why would any business want to sell a product in one area for a fraction of what it will sell for in another? Not only is that idea senseless, it is BAD business. What stockholder group would stand for that!
        We're not afraid of Americans rebelling at the idea of us making fabulous profits from THEIR oil drilled on Federal lands. We pay almost nothing for the leases and enjoy great tax incentives as well.
        We're not afraid because Americans wouldn't believe it anyway. It's too far-fetched to be true!
        
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