That’s kind of my point, the solution is not neccessarily drilling domestically, although I definately think we need to be doing that I don’t think it’s a long term solution.
The speculators have gotten us into this mess and something needs to be done to correct that situation, if not (assuming the problem was fixed today) we’ll find ourselves in the exact same situation in 20 years if not sooner.
“....determined there is an estimated 31 billion barrels of oil and 231 trillion cubic feet of natural gas under the surface.”
“The United States imports about 10 million barrels of oil per day, Assistant Interior Secretary Stephen Allred said.”
Assuming we can get to all 31 billion barrels that would eliminate our need to import any oil for only 8.49 years assuming no increase in demand domestically.
For all those who are advocating drilling domestically as a solution to our current oil problem I ask this, assuming we could access all that oil today what are we going to do 9 years from now to reduce the cost of oil?
Looks like the state legislature might want to put their plans to seize the ranch as an asset and sell it off in order to pay for caring for the kids on hold.
Otherwise they’ll be thieves in addition to kidnappers.
If I’d have to pay out of state rates as an American citizen then the GD illegals can pay the same rate since they don’t even belong here and should be deported.
“This wrong headed approach leaves us vulnerable to people who want to play games and mess with the market, not to mention those who are our enemies and who want to see our down fall.”
So you admit that games are being played and the market is being manipulated?
As for refining. Mexico is wide open, I’m sure any one of the big oil companies could get a refinery built right across the border......if they wanted to that is.
So if supply isn’t the problem, as your article pointed out, then why is it that the market is allowing the speculators to artificially inflate the price?