As you may have guessed this blog is going to be about Oil. There is so much debate now about oil. By far the price of oil and the worrys it has caused in the economy is the most important issue to the population of the US. Over 70% of Americans think that we should drill as much as we can.
But most of the democrats are against this position. They simply have to be against it because some of their biggest supporters are the radical environmentalists. They know that this group is very vocal and will cause them problems. But they also know that 70% of Americans see that the high price of Oil is killing our economy. Every nation out there that has oil is drilling and sucking the oil out of the ground as fast as they can EXCEPT the United States. Our leaders how bowed to the environmental lobby and for about three decades now have made it hard to drill oil and almost impossible to build a new place to refine it into gas.
The solution is to drill for oil. We already know where massive amount of oil is. There is enough oil off the coast of Santa Barbra, Ca to eliminate our importation of foreign oil for 10 years. There is enough oil in Utah and Colorado in the form of oil shale that we could be a global exporter for decades. There is enough oil in Alaska to run the US for the next Century. But there is a ban on drilling off shore, so the CA oil is out. And Oil shale takes 8-10 years to get government permits to even explore and then you have to start the process all over again to actually get the oil, so no major companies are even trying. And we all know that the democrats won’t let anyone drill in Alaska.
We have the means to get out of this oil crisis very fast. We have the capacity ready to go. The oil companies are eager to drill, so investment is not a problem. 70% of the people want to drill now for more old. The only problem is our leadership. The good thing about that is that I think that most people understand this and this November we get the chance to change our leadership. Anyone who stands to block more drilling will have a hard time being elected.
The democrats think that this problem can be solved ONLY by saving oil, and becoming more efficient. That is a big part of it BUT it will not change prices enough in a short enough time to save the economy. We need to do both save oil and get more.
So where do the presidential candidates stand on this issue?
Obama stands for slashing Carbon Emissions by 80%, no matter the cost to the economy. He is for investing more in biofuels cause the price of foot to go up even more. He wants to cap the amount of oil our nation can import, and he wants to not allow any more drilling. This will cost our government much more for everything, and he wants to spent hundreds of billions on doing this. This means that everyone will have to pay by having much higher taxes. Higher taxes, higher fuel costs, higher food costs, that is what Obama stands for. Check it out for yourself at his site, CLICK HERE.
McCain stands for expanding domestic oil and natural gas exploration AND production. He is also for investing in clean energy, promoting energy efficiency and protecting our environment. He is for nuclear power, which is clean and has no carbon. Click here for all of his views.
So when you go vote, remember you are voting for the future of our economy. It is the number one issue that people are interested in but the media is hardly talking about the truth of what candidates are talking about. They gloss it over with all this other talk, but it is easy for you to see just by looking at their official sites yourself.
There is one quote that I keep hearing Obama Saying that drilling for oil will not produce oil today. He is implying that it will not fix the problem and he uses that to say the whole idea of drilling dumb. Everyone knows that you have to drill and invest now to to get a benefit later. It is like having a kid, it is not instant, and everyone knows that. Obama’s speech on this just shows everyone how dumb he thinks most Americans are, and how easily fooled they can be. I just hope he is not right, but I have lost many times before betting that Americans are smart.
Drilling for Oil, WILL have a fast effect on prices. 10 days again bush talked about drilling more and asked congress to act on this and remove all limits to off shore drilling. After saying that the price of OIL has dropped by over 12%, almost $20. If we actually passed this change it would drop by more, and as soon as we did the oil companies would drill drill drill and the price would be below $2 at the pump within 5 years, below $3 in a few months.