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- The Saudi reality check is incorrect about one thing. The American Oil Industry can set-up off shore drill sites in a few months. Leases with other Governments are a simple negotiation. Oil Companies could easily be in operation at Central and South America in 2009.
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- McCain has not been a magnet for money from the oil and gas industry, especially compared to his Republican presidential candidate predecessor, George W. Bush, a favorite son of the Texas oil industry. Until June, McCain had never received more than $300,000 during a single month of his presidential campaign from the industry. In June, however, he received $1.1 million, more than $800,000 of which came in after he announced that he would support more domestic oil drilling.
The announcement was followed by a trip to Texas, one of the states leading oil production in the country, where McCain held fundraisers with energy executives. According to his campaign, his policy decision was based on rising oil prices and the need to alleviate Americans%u2019 pain at the pump. Despite the drastic increase, oil and gas falls behind nearly a dozen other industries that have contributed more to McCain this cycle, such as lawyers and law firms, who have donated more than $6.1 million, and the securities and investment industry, which has given at least $5.4 million.
http://www.opensecrets.org/news/2008/07/black-gold-spills-into-mccains.html - Reply to this comment
- Why do people have to make this a republican/democrat or Bush-hater/non-Bush-hater issue? Why can''t we do everything? Democrat''s and Republican''s that support drilling also support doing all the other method''s as well. An "Energy" industry could be huge and replace alot of jobs that went overseas. Job''s for domestic energy would never go to another country. We need to update our system on oil, and that includes more rigs and refineries. If we start now we could at least have them to fall back on until we have developed alternative power that is cheap and easily supplied. Jeez, electric cars would be great if we had the grids and infrastructure to juice them up. Looks like Nuclear Power beats leaning to heavily on wind and solar, too bad that will take years to build these power plants as well. Stop looking at this as a power stuggle for elections and treat it like an industry that can send people to work for a better America.
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- Posted by Obama8yrs
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As The Boston Globe noted in a June 20 article, "About 86 billion barrels of additional oil may lie offshore, according to the US government''s Energy Information Administration," and then continued: "Of that amount, about 18 billion barrels are subject to the moratorium." Indeed, DOE''s Energy Information Administration''s 2007 Annual Energy Outlook stated that there were 18.17 billion barrels of "technically recoverable resources currently off limits in the lower 48 OCS." A similar report by the Federal Minerals Management Service (MMS) stated that "[t]he MMS estimates that the resources in OCS areas currently off limits to leasing and development total 18.9" billion barrels of undiscovered technically recoverable oil resources. That same report estimated that there were a total of 85.88 billion barrels of undiscovered technically recoverable oil resources on the OCS, irrespective of the moratorium. - Reply to this comment
- How about leaving a little oil for our kids and grandkids? There will never be a day when we don''t need some oil.
Or will the greedy, self-centered American Sheeple just suck it all up for themselves?
There are two kinds of people in this world: people who care about somebody other than themselves, and people who only care about themselves.
The second group is called Republicans. - Reply to this comment
- On 7/31/08, Katie C reported that moste Americans agree with GOP that drilling is our most important means to lower gas prices. Katie needs to watch C-Span and Senate Hearings in which witnessed all agreed that coralling commodities traders would immediately drop gas prices significantly. How can Katie report the results of a poll based on false information. Those people who are not able to watch C-Span are getting false info.
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- Speculators are the ones driving the price of oil up via the ENRON LOOPHOLE that your republican friends put in when they held the senate and the house.
Posted by armydog2
What about traders and speculators from other countries? Can they be held accountable to anything passed by our congress on a public traded commodity? Or can they continue to effect the price of oil no matter what we do, is our oil company''s riding the wave of something beyond our control? - Reply to this comment
- Posted by Obama8years at 08:36 AM : Jul 31, 2008
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Yawn.
You can stop the spin. Tony Snow is dead and the only ones that believes this invented out of thin air stuff is you and the 4 other remaining desperate McLiverspot supporters. - Reply to this comment
- GET RID OF THE DEMS IN CONGRESS AND WE WILL HAVE OFF SHORE OIL.
Posted by Armor371 at 08:30 AM : Jul 31, 2008
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From the above article, "According to the federal government''s own Department of Energy, drilling off America''s coasts would not have a significant impact on domestic oil production or prices before 2030. And off-shore leasing wouldn''t even begin before 2012...
Guess you didn''t or can''t read. Just saw the headlines and decided to bash a Demo.
Then ther is this from the article, "Most of the U.S. offshore oil, almost 10 billion barrels, lie off the coast of California. But at the current rate of U.S. consumption - about 20.7 million barrels a day - that would be burned up in 16 months."
So IOW this oild would be burned up by 2014. Now, other than lining the pocket of GWB, how is this going to help the USA and the GOP?
The soultion lies in finding something other than alcohol (corn based) fuels, since this will affect ALL food prices. Delete the SUVs and get them off the raod. More fuel efficient cars, hybrids and totally electric.
Gee this sounds more like a Demo approach to the solution than a GOP Big Bucks for Oil Industry approach. Also sounds more reasonable and intelligent. - Reply to this comment
- BREAKING NEWS
OBAMA has created a New Energy Policy!
1. Anyone with Under Inflated Tires will be fined 200.00
2. If your car has not had a tuneup in the last year you could face up to 2 years in prison.
3. To Save Gas, there can only be 3 occupants per car, and each occupant must weigh 200 lbs or less. Fat people will have to take the Fat Bus Express.
As you can see Obama energy policies on visionary and the change Obama has been promising. Only a Marxist could get us out of the oil crisis. - Reply to this comment
