We need to throw every incumbent up for election out of office this November..
“you elected congress. it paid you back with $4.00-per-gallon gas.”
it is not stupidity. it is not politics. it is psychiatry.
I love it, and it is so on target.
Im confused. If an oil company, owned by investors from all over the world, drills in U.S. territory and produces large amounts of oil, can the U.S. Government force the oil company to sell their product to the American people for less than the oil company can get from other nations?
If you like $4/gal, Thank Congress!
Pray for W and Our Troops
The National Environmental Policy Act, Clean Water Act, Clean Air Act, Endangered Species Act and National Historic Preservation Act are all important and in a large way define us as a nation. Those acts do not say we can’t go after the oil. Only congress says that.
I’ve been saying for years that we could realistically add 3 mbpd to our production.
Oh, but I forgot. Since we can’t do it in the next 6-12 months, there’s no point in even trying. (Dems have been saying that for years)
ping
Now here’s the deal. The Congress will not be returning to office unless they open up drilling the right way.
I always wondered why Clinton made all that land Federal.
No incumbants in ‘08
Conclusion? Gas prices are going nowhere but up in the long term.
In the words of a famous country singer:
Mr. Earnest Tubb
Thanks, Thanks A Lot
Interesting article. Very good thread. Thanks.
Tempting as it is, I suspect the real reason no administration taps American oil seriously is a quiet agreement that their strategic value is too great - eg use foreign oil until it runs out, leaving America still self-sufficient to manage any required transitions or strategic needs with style with style while the rest of the world struggles over the few remaining foreign sources. Perhaps I’m overestimating the intelligence of both parties, but I do think current prices are worth bearing to allow such an advantage in the future.
At such a point, you can guarantee that all the legislation mentioned would be as irrelevant as..um...John Edwards in the face of such shortages.
Why should we have pumped this oil for $10 a barrel when now we could get $100?
The value of our reserves has increased tenfold while Congress dithers - our Congresscritters may yet end up looking intelligent.
this country is so rich that we can allow the
socialists to increase the costs of oil and gas production.
/s
mark
It is all about the quick fix. Typical drug addicts song.
Do the drilling, but only if it is used as a step toward an alternative.
Price of gas needs to stay up so consumption goes down. US should use its reserves to stay independent while alternatives and efficiency programs are implemented.
Otherwise it is just another quick high and a problem put off until tomorrow.