OIL SUCKS!
Posted on 02/10/2009 11:18:41 AM PST by Sleeping Freeper
WASHINGTON - The Obama administration on Tuesday overturned another Bush-era energy policy, announcing it was setting aside a draft plan to allow drilling off the Atlantic and Pacific coasts.
"To establish an orderly process that allows us to make wise decisions based on sound information, we need to set aside" the plan "and create our own timeline," Interior Secretary Ken Salazar announced in a statement.
Environmentalists and some tourism-dependent coastal states oppose the drilling, citing the potential for spills and urging an emphasis on renewable energy instead. Energy companies counter that drilling has become safer over the years and that royalties from any finds would be in the billions of dollars.
(Excerpt) Read more at msnbc.msn.com ...
I'm sure glad you're around to keep the folks straight & informed!
I’m guessing somewhere between the 2-3 dollar mark for this year. I don’t think it will get to the $4 range in 09, as we did last year; but I could be wrong.
It would also mean even longer for oil to be produced. While at the same time exploration continues in other countries. Along with the jobs that exploration and construction of production facilities.
I think it is in America's interest to open up our resources for production. I think the amount received for the higher lease bids would be small compared to the taxes and royalties raised on production already in place later when the price climb back up.
Yesterday the greatest question was decided which ever was debated in America; and a greater perhaps never was, nor will be, decided among men. A resolution was passed without one dissenting colony, “that these United Colonies are, and of right ought to be, free and independent States.”
John Adams 2 July 1776
UNITE, OR DIE.
True, but the first thing the brainwashed Obamatrons will think to do is call their hero for more help.
Yes, they seem determined to make sure everyone knows big-government Democrats suck even harder and faster than big-government "Republicans."
It’s a buzz phrase, like “working families”, “middle-class tax cuts”, and “socially responsible.”
Everything sick and stupid is being done to us by the leftists. God help us and God give us someone to stand up to them as the destroyers they are!
OIL SUCKS!
When the prices jump again, along with the economic mess, the wailing and moaning is going to be out of this world. I guess that'll let the Dems nationalize the oil industry ala Chavez. Then again, what happens to oil if our economy completely tanks...the Chinese and Indians may bolster demand but will they also go down with us enough to keep world oil demand depressed...
Indeed, they seem to want to have unemployment compensation equal to the wage that they received while working. These people are awful. Note that I'm not saying they're not needy, just awful in their thinking. If they had their way in Indiana, for example, businesses and productive individuals would flee Indiana rather than pay the sharply increased taxes that such compensation would seem to require.
Well that should give the economy a boost! Now how many billions will we have to spend to replace the lost jobs? Of course the oil to replace this will have to be bought from first friend Chavez.
That was only for the 57 Islamic states.
Its a fools errand talking point.
Hmmmm - So you know that there are no energy discoveries or advancements ever to be made for the rest of time that would provide a supply solution to the world. Remarkable.
You will not have energy development in this country until you end the control of Congress by the so-called “environmentalists”.
“To establish an orderly process that allows us to make wise decisions based on sound information, we need to set aside” the plan “and create our own timeline,” Interior Secretary Ken Salazar announced in a statement.”
In other words fahgeddaboutit!
The oil companies have enough common sense to not wait until they are bone dry before they spend billions on exploration, and the last president we had, that happened to have earned a Masters in Business Administration at a time when diplomas meant more than agreeing with some tenured hippie, agreed in this basic concept.
Obama/Pelosi's plan is to drain the strategic reserve, then ride bikes.
Look to the experts in the field who bet their vast experience and own money on being right, and take whatever that political science experiment of a university teaches you as idle chatter.
Typical institutionalized lefty. Zero research on the topic, and when you get challenged to qualify your statements, you hide behind kindergarten trash talk.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.