Too little too late to avert the present shortage. It would take years for this to impact US production.
They said that in 1997 when Clinton put ANWR off limits. I think 1-2 mil bbls a day from there right now would be looking pretty good. Do nothing, and then 10 years from now, we will be in worse shape. Typical American attention span of a gnat. we want it all, and we want it now.
H. Obama wants a public works campaign to put people to work. Building bridges and roads. The private sector could do MUCH more if we opened our waters and lands to drilling for oil and nat gas. If you want any proof of that, look no further than Pennslyvania where the Marcellus Shale deposits are turning poor farmers into wealth lnadowners overnight. Those farmers
The price of oil would drop instantly if the President would declare through executive order the lifting of all restrictions on domestic drilling and refining. And then do it.
And it was judged "too little too late" to have helped in the last shortage. But if we start NOW, it might help us survive the NEXT shortage better
once the process begins, the foreign suppliers and manipulators will reassess and begin to see the writing on the wall. We can get this thing under control with some dedicated leadership in Congress.
Exactly what Clinton said when he vetoed the energy bill to drill ANWR in '95.
As long as producers know that we are willing to be held hostage by our own gov't, oil prices will continue to escalate whether demand does or not. The minute our elected officials free us from our self-inflicted wounds, the ME producers will pump like mad, flooding the market with oil, trying to bring the price down below where it would be feasible to drill for our own resources.
Yeah that’s a great reason not to drill, because it will “take years.”
Like time stand still, and by the time those wells are producing, all of humanity will be long gone.
There's no shortage of oil only, refineries.
That's the trouble with politics and politcians, everything is short term. We need to be looking long term and begin right now to develop all those areas.
“Too little too late to avert the present shortage. It would take years for this to impact US production.”
That was being said decades ago. We gotta start sooner, not later. The longest journey starts with a single footstep. Correction, it starts with getting off ones a$$.
True, but it would probably hit the market sooner than ANWAR oil could. Any candidate who does not advocate expaned exploration off the continental U.S. in addition to ANWAR is playing politics with the issue and isn't serious about reducing our dependency on foreign oil.