George Bush said ‘Drill!‘ and the price of crude dropped over nine dollars in a single day, and it continues to fall. The market knows that the U.S. has huge, untapped energy reserves. The United States has more than three times the amount of Oil the Saudi Arabians do. Due to a masochistic energy policy brought on by environmental extremists we are now importing 70% of our oil from people who hate us, and indirectly funding our foes in the war against Islamic Extremism. The more energy independent we become, the less money we will be putting into the pockets of those who wish to kill us and end our way of life.
The need for energy in the long term will require a shift in technology. We need to move away from our dependence on fossil fuels. The most viable short-and-mid-term avenue currently is nuclear power. The other commonly discussed alternatives are wind and solar power. These have yet to demonstrate economic viability, but should be pursued none the less. Government funding of research for these and other ideas such as Algae_Fuels is a must. With our economy growing, and our population expanding we will need more energy. Conservation alone will not be able to cover the increase in energy needs. Therefore, until the future alternatives are found, we must make full use of our natural resources.
We are the only nation in the world with access to known oil deposits on our own land or off our shores that essentially refuses to tap those resources.
Giving our own people access to these resources should not be a political football. However the Democrat party is seeking to further politicize the energy debate by couching it as a class warfare issue and giveaways to the wealthy.
Currently it is easier for the Chinese to drill in the Gulf of Mexico than it is for any American Oil company; this is ridiculous.
While Washington dithers over exploiting oil and gas reserves off the coast of Florida, China has seized the opportunity to gobble up these deposits, which run throughout Latin America, the Caribbean and along the U.S. Gulf coast.
There are new reports out circulating that Chinese firms are planning to slant drill off the Cuban coast near the Florida Straits, tapping into U.S. oil reserves that are estimated at 4.6 billion to 9.3 billion barrels. This compares with 4 billion to 10 billion barrels believed to be beneath the Alaska National Wildlife Refuge
Nancy Pelosi is more worried about Exxon being able to drill than she is about the Chinese pirating our very own oil reserves. From an article in the Herald Tribune …
“We have chosen to lock up our resources and stand by to be spectators while these two come in and benefit from things right in our own backyard”
The Cuban regime at least is prospering from our policies. Neat trick, someone finally figured out how to bring a profit to Castro’s Caribbean gulag.
Obama’s idea to fix our energy woes is to, ‘Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions‘. Great!! The patient is bleeding, Dr Barak’s brilliant idea is to apply leaches. The Democrats in both houses of Congress have proposed a windfall profits tax, considering what a raging success this was under James Carter, I am surprised they are even considering it. With help like this we should be on our way to the guilt-free third-world economy the left has always wanted.
The Democrat party is currently against drilling in ANWR, the Atlantic Coast, the Pacific Coast the Gulf Coast, the Rocky Mountains and Montana. So what is left? With the other alternatives even more economically unsound than $140/barrel oil, we need to tap into this reservoir now, while we still have an economy to save. Waiting for the alternatives which are at least 30 years away from becoming available will sentence our children and grandchildren to contending with a crippled economy.
Any economy is dependent upon energy. Currently our energy comes primarily in the form of fossil fuels (oil, coal, natural gas). These fuels have made modern life possible. Without them we would still be huddling in the winter around wood fires, in cramped quarters. In the summer we will perspire copiously and experience mosquito bites in our bedrooms as we try to sleep. This life style romantically is also known as medieval. The lifespan of an individual is 30 to 40 years under this technological regimen. For those who wish to return to this level of existence please vote Democrat. Their policies are putting us on a trajectory back to the past.