Bush Wants Moratorium on Oil Drilling Lifted
posted June 21, 2008 - 1:42pmBush and McCain want to lift the moratorium on drilling in ANWR, the Gulf of Meico, and along the coasts. This is in response to our present energy crisis. I think Obama is right in saying we can't drill our way out of this mess. Bush says there's 10 years worth of oil, others say 2 1/2 years. No matter, the time it will take to get to it, even if we find all that's promised, will not solve many problems. Oil prices are determined on the world market. If the demand is high the price will be high and the oil we will find won't change that much. For Bush and McCain it's really the same old stuff. It'll minimally solve problems in the long term and do nothing in the short term. Anyway, you could find all the oil you want, but without refining capacity it'll just sit there. If your refiners can only refine 100 barrels of oil, having 200 barrels isn't going to matter.
But I have a question I'd love an answer to. From what I've heard, oil companies have 10,000 leases to drill for oil on 68 million acres. Why aren't they drilling there before asking to have the moratorium lifted? The CEO of Diamond Drilling has even said his comapny took 30 rigs out of the Gulf of Mexico to use in drilling in other parts of the world. I suspect it's because it's easier making money elsewhere, but why not do your drilling here first?
Please click here www.xomba.com/xombyte/centauri to read my other articles.

Comments
Conservation
Alternatives to Drilling for Oil in Alaska
Post new comment