5.23.2010

Drill Baby Drill ..... lets not!!

http://www.pal-item.com/article/20100523/NEWS01/5230306/1008/Pence-maintains-support-for-continued-oil-drilling

I'm against drill-baby-drill for different reasons than most people.

The pro-drill crowd thinks it will ease America's dependence on foreign oil but I doubt that. The gain from increasing our own drilling is a drop-in-the-bucket compared to the global oil market. Most of the drill-baby-drill oil would probably end up going to the highest bidder on the global market so may not help the US's energy problem at all. So there's not a lot to be gained for the US as a whole, more drilling will just pad the pockets of the oil elites.

I'd like to see our oil reserves used as a savings account, basically money in the bank. I think we should buy on the global market as long as we can. Let ours sit in the ground while we use up "their" reserves. At some point in the future, the world will run low or out of oil. When that day comes, I'd like the US to be setting on giant reserves of oil that the rest of the globe forgot about. It may cost us a little more now but could be damned valuable in the future.

I think the anti-drill crowd should use this "our oil is a savings account" message. With a fiscal message and a national security message, how could it miss?

oh,... and Mike Pence is an idiot.

2 comments:

  1. AnonymousMay 23, 2010

    Drill less baby, drill less
    http://www.youtube.com/watch?v=70RZzxR8pqU

    ReplyDelete
  2. AnonymousMay 23, 2010

    China probably owns those reserves by now. Not directly but indirectly. Oh, and don't let the oil tycoons regulate their own industry with lobbying efforts!

    ReplyDelete