Posted on 12/01/2014 8:45:35 PM PST by Vince Ferrer
Every time gas prices reach record highs the call goes out for more oil drilling. This year it's no different.
"The Gulf is ready to get back to work to help create jobs and lower gasoline prices," Washington Republican Doc Hastings, head of the House Natural Resources Committee and a big proponent of more drilling, said last week.
The problem is this: While increased oil and gas drilling in the United States may create good-paying jobs, reduce reliance on foreign oil and lower the trade deficit, it will have hardly any impact on gas and oil prices.
(Excerpt) Read more at money.cnn.com ...
Who writes this stuff for Vince? Jonathan Gruber?
Who writes this stuff for STEVE? Jonathan Gruber?
James Earl Jones needs to record a new liner for CNN. I suggest: THIS is CNN. On meth.
Note to self: Don’t take financial advice from CNN Money.
Was Michael Steele or Sarah the first to say ‘Drill baby drill’?
Not sure. I’m sure they’re each okay with the other getting credit for it.
At least his incorrect assumptions are merely written words, and don't cause us harm - like the idiots in this administration.
They haven't been correct about anything.
SIGH.
Question: What is the point of posting an article from 4 years ago ?
Hammer it. Hammer it. Hammer it.
We need to make sure this is well known. 4 years ago they said sub-$3 gas was impossible. 10 years ago they said don’t even bother drilling because we’re hitting peak oil and we can’t do it.
Malthusians proved wrong again. Embarrass them with their predictions. Don’t give them time to retreat. Hammer. Hammer. Hammer.
We’ve been drillin’, baby, on private land anyway .... and the gas prices are taking a nosedive. The author of this piece was wrong. He writes for CNN, so that’s no shock ...
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Shouldn't we always be examining the results of our actions and policies?
Good find.
What’s the point of showing CNN is full of shit?
It is done, you decide......
In the Fantasy world of Liberalville this makes since—But, events have proven the theory wrong—gas prices are falling and with it the fate of the electric car, and all the underpowered junk people have been forcing own our throats. Watch for a return o the big cars of the 1950s!
Simply to illustrate, perhaps, that the objections to drilling are counterintuitive and politically motivated.
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