Apr 29, 2008

ANWR oil?

Bush's speech this morning mainly focused on oil and gas prices. He blames Congress for  standing in the way of exploration here in the US.  I found myself in the unusual position of agreeing with him on this one particular subject.

There is absolutely no doubt alternative fuels need to be developed. Unfortunately, this will take some time.

The political primary campaigns are fully engaged and I notice the candidates are complaining about the level of jobs going offshore, yet not saying what we can do about it.

Why not work on American soil? It’s estimated that a 2,000-acre site on the 1.5-million-acre coastal plain of this 19-million-acre refuge in Alaska contains from 5.7 to 16 billion barrels of crude oil.

Perhaps we could get this oil out of Alaska and other places in the US in such a way that it leaves a very small "footprint". The profits from this could remain in the US thus strengthening our economy while at the same time showing the Middle East we are serious about reducing our dependency on their oil, possibly reducing oil prices once they figure out that we mean it.

The cost of sending U.S. dollars to Hugo Chavez translates into higher costs for most producers and products and, ultimately, for the consumer.

Red tape and choking regulations need to be set aside. Let the private sector be the solution. This time the federal government only needs to pay incentives in the form of bonuses to reward companies for performance on projects that produce oil on time or ahead of schedule.

It’s time for our government to get serious but then to get out of the way.

Why not ANWR?

Until then, imagine what would happen if every single person in the US decided that they have had enoough of paying an arm and a leg to drive th eir car and heat their homes. What if we just stopped buying?
Of course this will never happen because we are much to lazy to ride a bike to/from work, or take public transportation or car pool this would be much to inconvenient. Think about it people it is the concept of supply and demand.


Related: Can Arctic Oil Satisfy U.S. Demand?

Sphere: Related Content

2 comments:

Ted said...

I am sure if they do drill up there that Bush, Cheney and the rest of the jerks will make a butt load of money somehow.

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Carol said...

Hi Ted,
Of course they will as always :(