http://www.janereinheimer.com/
Quote:
The domed ones on Capitol Hill have insisted that loosening up on those bans to drill offshore wouldn't make any difference for years and years and years.
So how come the price of crude (futures) went down $10 the very day that Bush signed an executive order repealing the ban that his father had put in place when he was in the White House.
Just imagine what the price of crude would fall to if congress did its part in repealing the ban that they put into place to appease the environmentalists! And further, I heard somewhere yesterday that the Chinese are drilling 30 miles off the coast of California, not 50 or 60 miles.
But that ban is only half the problem. The other part of the problem requires congressional approvals.
Apparently that's not going to happen. Both Pelosi in the Big House and Reid in the Senate say they're just not going to allow such a nonsensical thing as a repeal on offshore drilling or drilling in oil-rich fields in Alaska.
Reid says rescinding the ban would be a gift to the oil companies. Actually, Mr. Reid, it would be a gift to China and every other country that wants to come in and drill in the oil rich fields off the coasts of the United States.
But wait! Isn't America supposed to be a representative form of government?
So you feel represented? I certainly don't. I live in Illinois and I am here to tell you that Senators Durbin and Obama don't do a thing to make me feel represented. They think they know what's best for all of us We the Peoples.
Well, 91% of us say the congressionals have it all backwards. Since they apparently aren't experts on anything but politics (instead of governing and legislating), I do not need for them to tell me what's best for me. Especially when it comes to the high price of crude.
And I'm no economist but I'd bet that I have more economics courses in my business administration undergrad than a lot of those politicians under the Dome have.
Pelosi's solution is the try to force Bush to use up all the oil reserves before authorizing any drilling anywhere. That would bring the gasoline prices down, she says.
Problem is, what she's advocating is specifically against the law. I learned that from our watching C-Span the other evening. The oil reserves cannot be used to effect an economic change.
That little piece of advice to the White House warranted the Investors Business Daily to call for Pelosi's resignation. Imagine that! Advising the president of the United States to do something that would specifically be against the law.
And, of course, she and Reid say that it's Bush's fault that the approval rating for congress is only 9%.
China is going to be drilling about 36 miles off the coast of the Florida Keys. Cuba gave them permission and they'll be drilling in areas where our nitwits in congress say US oil companies can't drill.
Now, don't you feel represented in Washington?
The Senate did approve a measure in the Energy and Natural Resources committee that does open up 2.9 million acres for drilling as long as the drillers stay out about 100 miles off the coast of Florida.
So, let's see. The Chinese don't need permission from our "self-imposed divine right of kings congress" to drill off our coasts in international waters. They could go 40 miles off the coast of Florida and still be in international waters and there wouldn't be a thing we could do about it. They could put all kinds of oil rigs in a 60 mile zone before they even got to where the US companies were allowed to drill.
Here's a really interesting map that shows where the offshore oil potential is located (and where drilling is prohibited):
115 billion barrels is a lot of oil. Especially since the US only used 7.5 billion barrels last year.
Keep in mind that a barrel contains 40 gallons. And after refining, we get about 19 gallons on gasoline from one barrel of crude.
Of course, we'd need to get real busy and build more refineries. We could do that. We have lots of politicians running around the country lamenting the loss of jobs to outsourcing. So hire all these people who want to work. Approve overtime. Approve three shifts a day. If that's not enough, hire another crew and another one and another until the refineries are up and running.
This is America, folks. We can put up a house in less than 90 days and I'd wager that we could put up a refinery or two in less than ten years. Don't believe that doomsday "worst case scenario" that comes out of political mouths.
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All the more reason to make sure we overturn the majority in the House — that way we get two for the price of one:
1) Nancy has to go back to her regular hiding place desk and doesn’t get to sit up there on her “throne”, and
2) We would hopefully get some reasonableness as far offshore drilling goes. I mean, these nitwits in congress may think they’re prohibiting offshore drilling but they are not.
They are merely prohibiting US companies from drilling. When a whole bunch of rigs spring up off the coast of Santa Barbara, I’ll just bet the folks out there will be wishing they had allowed some US friendly folks drill.