What does, " We can't drill our way out of this crisis" mean?
Is this the same as telling a starving man, "You can't eat your way out of being hungry!" It seems so senseless to me and that is exactly what Saudi Arabia is doing... trying to drill their way out of this crisis. Why do we want them to drill and give them money instead of our own oil companies? Why do we care more the Saudis, than companies that employ our own people? They certainly have environmental laws that are far from what we have. If we were so concerned about the environment, why do we promote drilling by countries that don't have the same environmental laws we have? We are making them rich while Obama wants to tax our oil companies and make them less profitable. Why doesn't Obama try to tax the Saudis and make it harder for them to make profits drilling? ==== I can't believe people are so ignorant about oil. Get a clue. Some oil is easy to get, some oil is hard to get, some oil is sweet crude and some is junk crude. The fact that an oil company has leased land doesn't mean they simply drill and pump oil. I wish everyone would have to take a freshman geology course instead of make themselves look like complete fools talking about something they have no clue whatsoever. Oil companies are not stupid and that is the reason geologists come at such a high cost. They determine which wells can be drilled to make a profit and which ones will cost a bundle to get the oil to the surface and process it into a viable fuel source. Many of these leases are not worth the effort until oil prices are much higher. Likewise the fact that someone can drill in the middle of the ocean at 20 times the cost of drilling in the outer continental shelf is an absolutely moronic conclusion that is good enough for many people's thoughts. Only recently has technology and cost made it practical for oil shale production. These are technologies breakthroughs, that the simple minded mentality of "stick a drill in the ground and hit oil for a 'gusher'" of the 1940's, somewhere else, has prevented leasing of federal lands. There are estimated to be 800 billion barrels of recoverable oil in Colorado, Utah and Wyoming alone. How much is that? Equal to more than a century's worth of currently projected oil imports. Just last year congress insert a provision blocking oil shale leasing on Federal lands that would have allowed this. A source at today prices makes it worth drilling and extracting. In 1995, Congress passed legislation allowing oil production in a small fraction of ANWR's 19.6 million acres, yet President Clinton vetoed the bill. With a drilling footprint of less than 2,000 acres – about 0.01 percent of this remote Alaskan terrain – America could produce an estimated 10.4 billion barrels of oil. This is the equivalent of roughly two decades of imported crude oil from Saudi Arabia. And much less expensive than shale production. It has been 30 years since our nation built a new refinery. And everyone is just happy as punch to sit back, pay enormous prices to foreign governments to extract oil for us as our economy trashes in hopes an alternate fuel source magically appears. Why not the same confidence in a cure for cancer? ========= "Who, exactly drills for oil in Saudio Arabia?" Too bad the people that make the holes in Saudi don't have the lease or mineral rights. Here's your answer: http://www.country-studies.com/saudi-arabia/oil-industry.html You bet we're sending our money to them... they aren't giving it away for free. ======= If we leased our federal land to the oil companies like the Saudis, we'd balance our budget overnight and be filling up for $20 instead of $75. It's all about congressmen getting their fair share to run for the next election. No one should ever look at the price after a fill up other than a tax by our government... which came about after we gave the Democrats control of congress... and it will continue just like under Carter. This is Carter all over again. Study his presidency and you will see the direction we are going. ========= Ash, we consume so much because we produce more than anyone in the world. When our economy crashes, so does the world and it is always worse than our own. ======= This is Katrina on a National scale and congress is saying, "nothing can be done on our watch." They say we've already lost the war in Iraq, and now they are saying we don't need to drill because it won't help. I wonder what people will say about the levees when they fail only to find that we are sitting on such a huge oil reserve and congress didn't do a thing to make a difference? Not one of these guys will get back into office. They WILL be exposed.
Politics - 10 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Thank the democratic party and the left. Between caribou, global warming, and 50 years to develop alternate energy, they have bent us over a barrel (of oil so to speak) and pounding us hard. The only thing we will accomplish with a democrat ruled country is ruin.
2 :
its rhetoric, thats all however due to the do nothing congress it may be true we need to lift restrictions now and drill drill drill
3 :
Who, exactly drills for oil in Saudio Arabia??????????????? Last I was there EXXON/Mobile, BP, ChevronTexaco, Royal Dutch Shell all had rigs there. Nowhere did I see Prince Faisal Oil or Royal Saudi Oil. And yes i do know that BP is BRITISH Petroleum, and Royal dutch is The Netherlands oil co. Our oil companies are drilling id Saudi Arabia, and the North Sea, and Malaysia. and about everywhere else except Mexico, PEMex. is the only state owned company that actually does any drilling and refining since the USSR broke up
4 :
It's just typical left-wing fear-mongering. They tell us the economy is in crisis (despite us not being even in a recession yet), that Iraq can't be won (despite the fact that violence is right down and the political benchmarks are being met), etc etc. Obama's just trying to sow enough fear, uncertainty and doubt that he'll get elected. It's just politics: high office is more important to him than honestly debating the facts before the public.
5 :
aaahahahaha!We were corrrect, our forecast 5 years ago was, "The United States of America is epicenter of the world crisis". We, Bolsheviks, love this mess.
6 :
More scare tactics from the radical right. You do know that out of 6931 leases over 4000 are left untapped. The oil companies have to spend money to drill so their profits go down. Let others drill and just charge more and profits go up. You don't have to be a genius to figure if they hold untapped land no one else can profit from it. Thus making them look bad if they don't spend money on drilling.
7 :
This is typical Liberal doom and gloom philosophy. They remind me of Sid Vicious (The Sex Pistols) screaming in song, "There's no future, and England's dreaming!" Well, the joke is on him, because England came out of the 1980s much stronger and more vibrant than anyone could have imagined. But that is how childishly Liberals act. They figure that if they never try, no one can poke fun at them if they fail. Of course drilling more would alleviate the problem somewhat, but the Liberals also prevented any more refineries from being built for about 20 years or more, so we may not even have the capacity to turn that crude into gasoline fast enough.
8 :
American empire is crumbling down. what a pity! lol
9 :
It means, according to dems in congress, that you can ask the Saudi's to pump 1 mil barrels / day to lower gas prices by up to 17%. (Schumer, on the senate floor may13 2008) But, to pump 1 mil barrels per day of our oil, it would only lower gas prices by " a penny". Schumer, one week later. What it really means is that they lie through their teeth to cover the fact the they are OWNED by Big Environmentalists. Democrats pick and choose when the law of supply and demand applies, and when it doesn't. The only thing more "inane" than that is the fact that dem supporters won't admit to the double standard. Party before Country.
10 :
2% of the world's oil reserves and 25 % of the world's oil consumption; just speaking truth
