This is too little and way too late to save the stupid party from a terrible shellacking. Except for the RINO philosophy we would have had millions of additional barrels being produced domestically five years ago. But now in the middle of a economic crisis it is way too late. China is taking all the oil the world can produce and buying it with the billions of dollars that they have hoarded from their massive sales to the United States. The entire West is going to pay big time for the shortsightedness brought on by the Environmental Wackos that have invaded all western political parties.
Conservatives, alone, crying in the political wilderness have urged the exploration and production of domestic oil for decades. Now it seems that the rest of the world is about to wake up to the need for same. But because the reputed leader of the conservative movement refused to pound this message home, we will be blamed for the crisis that is now happening.
It is discouraging, isn’t it? But now- it seems 73% of Americans are ready to drill HERE, so the political expediency is apparent in this decision.
I actually think the dynamics of oil may change if we really DO start drilling.
We’ll see ...$4.00 is a reality check- libs may feel so pressured they MUST compromise.
Print-and-spend or borrow-and-spend is infinitely sustainable...just ask all the flag-wavers around here who call it anti-American to suggest otherwise!
I believe this to be true, except I wouldn't use the word "hoard." They are simply in posession of trillions of dollars that are declining in value every day. Therefore, I believe they are transferring that imaginary American currency into something substantial and real -- that becomes more, not less, valuable every day. I think they have a Strategic Petroleum Reserve that makes ours look like it's the size of a five gallon gas can, and that they're filling it with every drop they can buy at any price.