How Wrong are the Democrats on Drilling?
(The American Thinker) - A common response of the Democrats when confronted with citizens advocating for increased offshore drilling is that the results are "years off into the future" and therefore any relief on gas prices would be unlikely - at least in any sort of time frame that matters to voters right now. They are wrong on many measures - foremost among them is that the same obstruction deprived Americans all these years of domestic production which would have been in place but for Democratic opposition. Also future prices would respond to the prospect of increased oil supplies and this would have a depressive effect on oil prices - NOW. But the greatest impact would come from already well-explored and developed offshore supplies in California-where production could be rapidly ramped up.
posted by BP News Bureau | 1:00 PM
2 Comments:
WRONG!
The increase in supply would make a difference if supply was the problem. However, the two real reasons that an increase in supply from the US wouldn't do anything for the cost of petro based fuel are as follows:
1)Demand. China and India (combined pop. of nearly 3 billion) are exponentially increasing global demand for oil. The increase of supply will only help lower prices if demand is static...which it is not.
2) Refining capacity. Even if we had access to more raw oil, the US' refining capacity is maxed out already. (thanks exxon)
As T. Boone Pickens says, "There are some problems we can't drill our way out of."
OIl is on the way out. we must focus on new and efficient ways of tapping into renewable energy resources. All this drilling talk is a massive destraction from reality. If you disagree, then you're probably an idiot.
the two real reasons that an increase in supply from the US wouldn't do anything for the cost of petro based fuel are...Demand...
While demand is one of the reasons fuel prices are high, it is not the primary causal factor. The world supply is more than ample to meet the escalating demand. Prices are high because of rampant speculation on the world markets. Investors are throwing money at the market, trying score off of what they believe to be increasing future demands. The bottom line, though, is that if drilling was to have any affect on the situation, it would be purely due to psychological factors, not market factors.
...the US' refining capacity is maxed out already. (thanks exxon)...
I don't know who fed you that horse shit about Exxon being responsible for maxed out refinery capacity, but I hope it didn't taste too bad, because you swallowed all of it.
Refinery capacity is maxed out in the US because environmental regulations have made it cost prohibitive to build new facilities.
OIl is on the way out. we must focus on new and efficient ways of tapping into renewable energy resources.
Americans are going to have to decide whether they want cheap petroleum products or whether they want to continue to buy into environmentalist fairy tales. Simple as that.
If you disagree, then you're probably an idiot.
And you wonder why no one wants to discuss this stuff with you.
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