| Offshore drilling, ANWR & immidiate relief. Disclaimer : I'm not an expert in economics, oil or gas prices and I don't pretend to be so if I've said anything that isn't correct you are more then welcome to try and explain whatever I've misunderstood.
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Alright so I'm very interested in this whole issue with offshore drilling. To an obsessive extent. I've done a lot of reading on it. There are a lot of reasons for this obsession, the main one being that it ties to independence from foreign oil.
I've been listening to the arguments put forth by some of conservative and Republican posters so that we begin drilling ASAP. The main one being the relief it would bring to the working class and the poor in this country. Now this seems like a completely valid argument on the surface but I find there are a few flaws in this. I started off by looking at how soon we'd be able to use any of the oil coming from ANWR & other sources. Apparently the soonest would be within 3-4 years. Now this isn't bad but it seems to do away with the argument that we need the relief now. Not to mention we wouldn't even be using these sources at full capacity until somewhere in the next 2 decades. How big would such a drop be? Cents? Dollars? These are all questions which the proponents of offshore drilling can not answer even though they are directly related to what they are proposing.
The second reason I don't believe drilling in ANWR ASAP will bring gas prices down is because of Canada. Yes, that ice cube above us. Canada's Alberta province has built a pretty solid economy around oil but yet gas prices in Canada are actually higher then those in the U.S. - How can this be? How can Canada be paying more for oil when they have a fountain of it smack in the middle of the country? It seems a bit contradictory that they'd paying more even though they don't have the demand we do and a lot of supply.
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Alright so there are my 2 cents and here is the poll question :
Will offshore drilling bring immediate relief?
__________________ Is Intolerant Because He Won't Let The Intolerant Run Other People's Lives. |