I started thinking about this offshore drilling debate tonight while drinking. Lets say we do offshore drilling and in 8-10 years it actually produces an extra 200,000 barrels per day (1% of our daily oil consumption). Does anyone actually believe that this oil is going to be any cheaper then buying barrels from foreign countries like Canada and Mexico? The last time I checked anything made in America normally cost much more. This is why 99% of everything we buy comes from China. Besides, even if it did cost Exxon/Mobile a bit less to buy 1% off their oil, does anyone actually think they would pass the savings on to us? The American people need to wake up and realize this entire offshore drilling issues is simply a distraction that won’t solve anything. The Republicans are trying to sell this as free oil for everyone. While really its another opportunity for BIG OIL to rake in even greater profits. I just hope electric cars finally catch on and significantly reduce our dependance on oil. However, it will probably take $10 per gallon gas before that happens.
Why Offshore Drilling is a Joke 1
Posted by Dan Baxter
on August 09, 2008
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I agree, but it doesn’t matter where we get the oil from; here or overseas; BIG OIL is gonna find a way to charge us large amounts of money for fuel. Even now, OPEC has cut oil production for no real reason, and it’s all to hike up the price since summer is coming and people are gonna travel and go on vacation. Offshore drilling would only cut the costs of importing and would add jobs for people; the jobs being the only real plus to the whole thing. It doesn’t matter what is done, BIG OIL works exactly the same as BIG TOBACCO; neither has suffered yet in this recession and probably never will. Regardless of what they say, the gov’t backs both industries because they make ALOT of money in the outrageous taxes on oil/gas and tobacco and it will never change, unfortunately for us.