Posted by
Katherine Harms on Tuesday, June 17, 2008 3:40:37 PM
The US is currently at the mercy of a totally stupid policy regarding petroleum drilling. The right solution is DRILL HERE! DRILL NOW!
John McCain has announced his support for offshore drilling to tap petroleum sources which have been known for years. In 1981 the federal government prohibited states from allowing petroleum extraction offshore due to environmental concerns. In light of today’s technology which can reassure us that the environment is safe, even with oil wells in the sea, this moratorium looks silly. In light of the need for the US to be free of dependence on foreign sources of oil, this moratorium looks completely ridiculous.
Predictably, Obama has made fun of the whole idea. He continues to chant the mantra that development of additional resources only enriches evil oil companies. Obama would like to see all free enterprise ended, so any enterprise, be it oil or sliced bread, is anathema to him. He has no idea that additional oil in the marketplace would benefit all Americans for three big reasons: 1) developing the offshore oil resources available to the US would reduce our need to buy oil from other countries, always recognized as a good thing; 2) additional oil in the marketplace will work within the economic law of supply and demand to reduce the price of crude oil and ultimately the price of a gallon of gasoline, a beneficial outcome for every US citizen; and 3) any new profit for oil companies will enrich the retirement funds of millions of US citizens who are stockholders in oil companies, a very beneficial outcome. Obama also doesn’t care if this action would work with the law of supply and demand, or if stockholders would make money to support themselves in retirement. Obama is a socialist, so he has no regard for free enterprise or the freedom of citizens.
Support for offshore drilling is only halfway to a fully sane energy policy. McCain still needs to support drilling in ANWR as well. And while he is at it, he needs to support exploration and development in the Arctic, because if we don’t take action in that area soon, we will find ourselves forever shut out of mineral rights there. Many other countries, such as Russia, have already started looking for any minerals which might be found in that remote, frozen seafloor. It is completely short-sighted and stupid for the US to miss out on the benefits of exploration there.
And, oh, by the way. If we don’t drill offshore, that does not mean that there will not be offshore drilling. In collaboration with Cuba, the Chinese are preparing to drill off Florida’s coast right now. If the US wants the petroleum in the reserves under the sea off our coasts, the US needs to drill and recover it. It will not be allowed to sit there until we are good and ready. While we are dithering about the possibility of some environmental disaster if US companies drill, countries who could not care less about an environmental disaster off the coast of the US are going to drill and extract that oil. We can either get busy and get in on the action, or we can let other people do it, which means that we will need to buy that oil from other countries instead of buying it from our own domestic companies. Does this make sense? No. Absolutely not. It is a complete boondoggle.
Enabling US companies to drill for oil off the coast of the US is only half of the right solution to our oil problems. But hurray for half way. I am happy to see even a hint of progress in the right direction. I intend to let John McCain know how happy I am to see him take this position, and I hope you will do the same.
We citizens need to speak up, speak out, and shout in the ears of everybody in the federal government: Drill here. Drill now. Achieve energy independence for the USA.
Drill Here! Drill Now!