Democrat nominee Barack Obama delivered yet another address on energy. This time he is in favor of tapping the strategic oil reserve and maybe, just maybe looking at the possibility of thinking about considering to review some thoughts about off shore drilling.
His energy plan still consists mainly of alternatives that are YEARS in the future if the research were to begin today. He and other Democrats refuse to accept that though oil prices have been sky rocketing the problem is NOT a shortage of oil but the perception by the oil futures market that there MAY be a shortage if additional supplies are not found to meet an ever expanding demand.
Does Obama and the entire Democrat leadership think that the President, who has the authority to release oil from the strategic reserve, would if it was possible to curb the market for the long term rather than just a temporary drop that may last a week or possibly two release millions of barrels to ease the pain at the pump?
The strategic oil reserve is for emergencies during an OIL SHORTAGE. A situation that we are not facing. The last time it was tapped was in the aftermath of Hurricane Katrina because of the devastation which caused a shut down in a large percentage of our oil production and refining capacity. A true emergency.
What Obama does refuses to acknowledge is that even the act of passing legislation that will allow off shore drilling or drilling in other sights in the United States including ANWR will decrease the price of a barrel of oil as the speculators who control the futures market which has been responsible for the massive rise in the price, will see that the worlds largest oil user is finally making moves to contribute to the supply rather than just consume the supply.
Just the simple act of President Bush lifting the Executive Order against off shore drilling that was imposed by Jimmy Carter in the seventies had an immediate reaction by the market of nearly eight dollars a barrel in the days that followed the announcement.
The recent larger drop in the price is due to the fact that demand has dropped and as a result the price has dropped. If the speculators also see that there is reason to believe that even years from now that there will be additional supply because The United States is getting back into the drilling business, the futures reaction will be even more dramatic driving down the price of oil even more.
Mother Nature wannabe Nancy Pelosi and her claims of wanting to, “save the Planet,” as being the reason for her stand against any drilling is also a major blow of liberal hot air. The technology for drilling has advanced so much to the point that drilling for oil is not only environmentally safe but it is also proving to actually increase certain animal populations as the heat from the oil platforms and especially the Alaska Pipeline actually encourages breeding.
Drilling in the Ocean is also a safe environmental achievement. Using Hurricane Katrina as an example again, hundreds of drilling platforms were in the path of this massive storm. Several platforms were damaged some beyond repair yet not ONE DROP of oil was spilled in the Gulf of Mexico as a result.
Pelosi also condemns oil companies for not using leased lands that are available for drilling right now. Even threatening to take back the leases of this government land. Of course Mother Nature neglects to mention that the reason that oil companies have not drilled on these leased lands is because in their exploration of the lands they have found that there are NO OIL DEPOSITS beneath this government land.
I will readily admit that drilling alone will not solve the energy problem. It must be combined with alternatives like hybrids, wind and especially nuclear energy which is not only clean but unlimited. But once again the only way we are going to decrease our dependency on foreign oil is to drill from our own massive resources. Resources that have deposits exceeding those of the Middle East, Venezuela and Brazil combined.
Resources that can be available in as soon as two years according to most experts and not just the ten or more claimed by Democrats. But again just the fact that we are willing to drill will drive the price down because speculators will see that the future of oil availability is brighter as more supply will be available to meet the demand.
Republicans are demanding that Mother Nature return to the House of Representatives to debate and pass legislation to bring energy relief to the American people. But she is to busy protecting the planet to even allow a vote on legislation that covers the gambit from alternatives to drilling. And Republicans are still in Washington waiting for her to do her duty for the American people. Good for the GOP for taking a stand!
While there are many issues that face this Nation for the 2008 election, oil and the effect it is having on our economy and on the pocket books of every American will be the defining issue for this campaign. Barack Obama and most Democrats including Mother Nature Pelosi and Harry , “we don’t care ,” Reid are on the wrong side of this issue as polls show that more than seventy percent of Americans favor drilling now! As such November may very well be a big surprise for Democrats as Black Gold bankrupts their political fortunes.
Ken Taylor http://theliberalslies.blgospot.com