11:08 PM
Get the Facts: Why a Drill Here, Drill Now Approach Will Help America Pay Less at the Pump
Is more drilling for American oil an essential part of lowering energy costs and freeing us from dependence on foreign sources of energy? The typical response of critics is a resounding “NO!” and includes several common arguments, which are not supported by the facts.
* MYTH: Oil companies currently have 68 million acres of leased public lands that contain large amounts of economically recoverable oil available. Drilling in these areas could generate 4.8 million barrels a day so opening up more land is not necessary.
* MYTH: Drilling will not provide any short-term relief in the price of oil because it will take many years before new drilling will lead to new supplies.
* MYTH: The U.S. only has a small percentage (from 2-6%) of the world’s oil supplies, and since oil is a global commodity, our increased production won’t affect prices much if at all.
* MYTH: Drilling offshore will lead to ocean spillage, damaging wildlife and beaches.
* MYTH: The price of oil has increased due to “over-speculation” by energy commodities traders and outlawing or heavily regulating energy trading is the best way to dramatically reduce the price of oil.
* MYTH: Drilling for unconventional sources, such as tar sands or shale oil, is too costly and creates a large carbon footprint, among other environmental problems.
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1 comments:
With all due respect to former Vice-President Al Gore, given his many years of dedication and his recently awarded Pulitzer Prize for his work on making the world aware of “Global Warming” and though still shrouded in some controversy, our even greater world problem is “Global Pollution”.
Al Gore's Decree on Global Warming is Not Our Only Crisis
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