Gunner Forum banner

1 - 5 of 5 Posts

·
Registered
Joined
·
3,201 Posts
Discussion Starter #1
http://www.washingtonpost.com/wp-dyn/co ... 03052.html

The Gas Prices We Deserve


By George F. Will
Thursday, June 5, 2008; Page A19

Rising in the Senate on May 13, Chuck Schumer, the New York Democrat, explained: "I rise to discuss rising energy prices." The president was heading to Saudi Arabia to seek an increase in its oil production, and Schumer's gorge was rising.

Saudi Arabia, he said, "holds the key to reducing gasoline prices at home in the short term." Therefore arms sales to that kingdom should be blocked unless it "increases its oil production by one million barrels per day," which would cause the price of gasoline to fall "50 cents a gallon almost immediately."

Can a senator, with so many things on his mind, know so precisely how the price of gasoline would respond to that increase in the oil supply? Schumer does know that if you increase the supply of something, the price of it probably will fall. That is why he and 96 other senators recently voted to increase the supply of oil on the market by stopping the flow of oil into the Strategic Petroleum Reserve, which protects against major physical interruptions. Seventy-one of the 97 senators who voted to stop filling the reserve also oppose drilling in the Arctic National Wildlife Refuge.

One million barrels is what might today be flowing from ANWR if in 1995 President Bill Clinton had not vetoed legislation to permit drilling there. One million barrels produce 27 million gallons of gasoline and diesel fuel. Seventy-two of today's senators -- including Schumer, of course, and 38 other Democrats, including Barack Obama, and 33 Republicans, including John McCain -- have voted to keep ANWR's estimated 10.4 billion barrels of oil off the market.


So Schumer, according to Schumer, is complicit in taking $10 away from every American who buys 20 gallons of gasoline. "Democracy," said H.L. Mencken, "is the theory that the common people know what they want and deserve to get it good and hard." The common people of New York want Schumer to be their senator, so they should pipe down about gasoline prices, which are a predictable consequence of their political choice.

Also disqualified from complaining are all voters who sent to Washington senators and representatives who have voted to keep ANWR's oil in the ground and who voted to put 85 percent of America's offshore territory off-limits to drilling. The U.S. Minerals Management Service says that restricted area contains perhaps 86 billion barrels of oil and 420 trillion cubic feet of natural gas -- 10 times as much oil and 20 times as much natural gas as Americans use in a year.

Drilling is underway 60 miles off Florida. The drilling is being done by China, in cooperation with Cuba, which is drilling closer to South Florida than U.S. companies are.

ANWR is larger than the combined areas of five states (Massachusetts, Connecticut, Rhode Island, New Jersey, Delaware), and drilling along its coastal plain would be confined to a space one-sixth the size of Washington's Dulles airport. Offshore? Hurricanes Katrina and Rita destroyed or damaged hundreds of drilling rigs without causing a large spill. There has not been a significant spill from an offshore U.S. well since 1969. Of the more than 7 billion barrels of oil pumped offshore in the past 25 years, 0.001 percent -- that is one-thousandth of 1 percent -- has been spilled. Louisiana has more than 3,200 rigs offshore -- and a thriving commercial fishing industry.

In his book "Gusher of Lies: The Dangerous Delusions of 'Energy Independence,' " Robert Bryce says Brazil's energy success has little to do with its much-discussed ethanol production and much to do with its increased oil production, the vast majority of which comes from off Brazil's shore. Investor's Business Daily reports that Brazil, "which recently made a major oil discovery almost in sight of Rio's beaches," has leased most of the world's deep-sea drilling rigs.

In September 2006, two U.S. companies announced that their Jack No. 2 well, in the Gulf 270 miles southwest of New Orleans, had tapped a field with perhaps 15 billion barrels of oil, which would increase America's proven reserves by 50 percent. Just probing four miles below the Gulf's floor costs $100 million. Congress's response to such expenditures is to propose increasing the oil companies' tax burdens.

America says to foreign producers: We prefer not to pump our oil, so please pump more of yours, thereby lowering its value, for our benefit. Let it not be said that America has no energy policy.
 

·
Registered
Joined
·
6,150 Posts
very good article...........as it seems to indicate, we made our own bed and now we have to sleep in it...........

people behind the scenes are runnin' the show----and gettin' rich by pullin our strings like puppets......
 

·
Registered
Joined
·
859 Posts
deputy125 said:
very good article...........as it seems to indicate, we made our own bed and now we have to sleep in it

people behind the scenes are runnin' the show----and gettin' rich by pullin our strings like puppets......
....This is true. We went there to liberate a people who were bound by fear. The USA is not a hired hand that has to sleep in the barn. If the Saudi's can't come off the money to pay for our cost of living increase ( due to their ''chicken little fear'')....we should take control of production and give every American tax payer a twenty thousand dollar ''THANK YOU FOR HELPING US '' check signed by the'' so called royal family.''.....and ten times that amount for our soldiers....and 100 times that amount for the families of our fallen soldiers. This would not even scratch the surface of hardship.
 

·
Registered
Joined
·
22,098 Posts
If I were king...and had sent my men in harms way to Kuwait and Saudi Arabia...to save them from the village idiot Mad Dog Hogswilli....I'd tell them they were going to pay our expenses in oil...today...or I'd take over the land I'd put my butt on the line for....till I'd been compensated...the world would scream...but they'd get over it....like we had to get over South American countries taking over oil refineries built and staffed by us to help them.......right is right and we ain't been gettin' none...just givin'....I got two young pups in this fight and I'm not at all happy to see us pussy-footin' around on stuff like this.....meekness equals fear in most peoples' eyes...and we've been used like a Sat. night cowtown whore for too long...time for a Teddy Roosevelt or Ronald Reagan....instead, look what we got to pick from.....oh, Martha, what're we gonna doooooo?????????
 

·
Super Moderator
Joined
·
10,778 Posts
What ever happened to the overwhelming force doctrine (aka Powell Doctrine)?
 
1 - 5 of 5 Posts
Top