More offshore drilling does little at the pump: EIA »
Posted By STONERS 5 months, 1 week ago in Business & FinanceAllowing oil drilling in U.S. offshore waters that are now closed to energy exploration would do little to lower gasoline prices paid by consumers, the government's top energy forecaster said on Wednesday.
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STONERS5 months, 1 week ago
"In response to record pump prices, Republican presidential candidate Sen. John McCain and President George W. Bush this month called for Congress to end its moratorium on drilling off the East and West coasts and in Florida waters, leaving it up to each affected state to decide where to permit drilling."
"McCain and Bush said the additional oil supplies likely to be found in the closed areas would help reduce gasoline costs."
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mesodude5 months, 1 week ago
""McCain and Bush said the additional oil supplies likely to be found in the closed areas would help reduce gasoline costs."
--That's because Bush and McCain know that Americans will remember who was in the White House (and which party controlled Congress for most of Bush's term) when they lost their homes and jobs and when they first paid four dollars for a gallon of gas or a gallon of milk. They know Americans will remember who gave war time tax cuts to millionaires and who blathered on endlessly about "socialism" (while enjoying their tax payer funded health insurance) when they couldn't afford health insurance for their own kids. Republicans know that Americans know what they did last summer (and during all the previous summers under Bush) and they're TERRIFIED. Desperation will make cons say or do anything to hold on to power. ;-(
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saintetienne5 months, 1 week ago
"Republicans know that Americans know what they did last summer (and during all the previous summers under Bush) and they're TERRIFIED."
Gee, mesodud, I don't know who YOU hang around with, but I can honestly say I don't know ONE PERSON who is "TERRIFIED". I even have a few friends who are looking for work, but aren't all that concerned, because they have money saved up like any responsible person should. A few others squawk about the gas prices, but they take it in stride and are cutting back on car trips or taking public transportation to ease their gas spending. Other than that, everyone I know is moving on with their lives as usual, working their jobs, raising their families - no crises, no "terrified" feelings, no panic....
What, do you belong to the Chicken Little Liberal Club, where everyone meets and shares their doomsday scenarios, building up panic amongst each other so you can run out into the streets, arms flailing, beaks screaming?
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Klarissa5 months, 1 week ago
In a new ad, Obama says, "I don't take money from oil companies."
Technically, that's true, since a law that has been on the books for more than a century prohibits corporations from giving money directly to any federal candidate. But that doesn't distinguish Obama from his rivals in the race.
We find the statement misleading:
* Obama has accepted more than $213,000 from individuals who work for companies in the oil and gas industry and their spouses.
* Two of Obama's bundlers are top executives at oil companies and are listed on his Web site as raising between $50,000 and $100,000 for the presidential hopeful.
Obama: I don't take money from oil companies or Washington lobbyists, and I won't let them block change anymore.
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svensun5 months, 1 week ago
meso,
Do you mean 'Americans will remember' which political party filibustered EVERY SINGLE ENERGY BILL INTRODUCED BY THE PRESIDENT SINCE 2001?
You are entitled to your own opinion, but not to your own facts.
Do you really think it is desperation that is leading the GOP to call for an end to the drilling moratorium in the USA, the THIRD LARGEST oil producing nation in the world?
Could it be, perhaps, GOOD POLICY?
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FSU92grad5 months, 1 week ago
"Or maybe it's more that cons just have impaired listening and critical thinking skills"
Oh...Just cons use oil ? Boy, AL Gore sure uses a lot of oil...Do you think he'll listen to your message of "conservation"? LMAO !!!
BTW, check this link out and maybe you'll shut your pie-hole...It appears Bush is the more eco-friendly politician...Gore and you are friggin hypcrits and idiots...
http://www.snopes.com/politics/bush/house.asp
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Klarissa5 months, 1 week ago
of course not - it takes several years before the drilling is on line and producing. We have to start somewhere sometime.
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bigG5 months, 1 week ago
I am in the business and I can guarantee you that all of the "easy to get" oil is long gone in the U.S. We are drilling and producing in deepwater GOM and there are large reserves there, but getting them to market will take years. All of the Einsteins I read on here that whine about not drilling in ANWAR need to realize this - it is real remote and will take a lot of infrastructure just to get rigs there to drill exploratory wells. That won't be cheap, neither will producing the oil and transporting it assuming it is even economically viable(there may be a lot less oil there than some people hope). The oil shale situation is the same - mountains literally will have to be moved to recover this "synthetic" oil unless an "in situ" process can be developed that will assure an economically viable recovery rate without damaging the surface water and water table.
If people want cheaper oil the answer is simple - quit using so much.
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