Quote:
Originally Posted by RIJIMMY
Bryan, a good example of the twists politicans make. Who ever said it was the answer? In fact, McCain said its NOT the long term answer, but for the short term it will HELP ease the current shortage. that was said multiple times.
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Jim,
the truth is there is no help that will come if it. Mccain can say what he wants about it being a short term benefit.
Maybe a 1% increase in the world market?
We are not a nationalized oil country, so it will go the world market and be gone. No net gain for American oil uses.
It will be at minimum 6 years before any additional oil comes from it anyways.
But it sounds good 'Drill baby drill'
Obama "... But we have 3 percent of the world's oil reserves and we use 25 percent of the world's oil. So what that means is that we can't simply drill our way out of the problem. And we're not going to be able to deal with the climate crisis if our only solution is to use more fossil fuels that create global warming. We're going to have to come up with alternatives, and that means that the United States government is working with the private sector to fund the kind of innovation that we can then export to countries like China that also need energy and are setting up one coal power plant a week. We've got to make sure that we're giving them the energy that they need or -- or helping them to create the energy that they need."
Left/Right aside, this is closer to what I believe. let's use the private sector to capitilze on alternative fuel tech, and then sell it to foreign countries. If we keep waiting for someone else, we're going to be left holding our own bags...
McCain started with a bit on Pork, not overly relevant to this discussion, so I didn't cut/paste it, but I didn't want to be accused of cherry picking quotes'
McCain "But the point is also on oil drilling, oil drilling offshore now is vital, so that we can bridge the gap. We can bridge the gap between imported oil which is, which is a national security issue as well as any other. And it will reduce the price of a barrel of oil, because when people know there's a greater supply, then the cost of that will go down. That's fundamental economics. We've got to drill offshore, my friends, and we've got to do it now."
I'm sorry, but this issue is bull%$%$%$%$ on both sides.
Drilling now, will not do %$%$%$%$ to reduce our need; when you have such a small piece of supply, you can't impact demand. And that is fundamental economics as this humble geologist sees it my friends