Showing posts with label domestic oil exploration. Show all posts
Showing posts with label domestic oil exploration. Show all posts

July 17, 2008

When we decide to drill here and drill now prices will drop

President Bush on Monday signed an executive order lifting the ban on off shore drilling. This was only the first step, now it's Congress' turn. Democrats keep saying it won't do any good and will not bring any immediate relief.

Democrats keep saying we should release oil from the Strategic Petroleum Reserve, like we did after Hurrican Katrina. They fail to see the point that Hurricane Katrina was a natural disaster and there were supply disruptions. We can't release the reserves every time there's a spike in oil prices. That's like telling people to dip into their 401k's every time the price of gas goes up. It's just ridiculous.

After the President signed the executive order on Monday API released the following statement:
"It is now up to Congress to lift the moratoria. Doing so could boost U.S. supplies of oil and natural gas, increase the nation’s energy security, add additional, well-paying American jobs and bring billions of dollars into the Treasury. We encourage Congress to pass a common-sense and effective long-term
energy policy designed to increase conservation and energy efficiency, promote greater supplies of all forms of energy, including domestic oil and natural gas."
Today the price of oil dropped for the third day in a row. The price of natural gas dropped 8%, the biggest drop in a year. Imagine what will happen if Congress voted to allow drilling in ANWR and offshore? You can't change the law of supply and demand. Supply goes up, prices drop. If speculators believe there will be an increase in supply, they will speculate that the price will drop. It's not that complicated.

Earlier this week American Solutions presented their petition with over 1.3 million signatures to leaders in the House and the Senate. This is what the American people want. When the Democrats took control of the House and Senate in 2006 they promised to do something about the price of gas. Since then the price has steadily climbed while they block any remedies that would alleviate the problem. The American people did not vote the Democrats into office for them to oppose President Bush on each and every one of his proposals. It is time for them to finally put politics aside and do their jobs.

It isn't too late the sign the petition to Drill Here, Drill Now and Pay Less.

June 30, 2008

Drill Here, Drill Now, Pay Less - Update

American Solutions now has over 1.27 million signatures on its Drill Here, Drill Now petition. If you haven't signed on yet you can do so now.

It is incredible that a petition such as this one is even necessary. The latest predictions are that the price of crude oil will shoot up to $170 per barrel, just today it topped $143 per barrel. The crazies in Iran are threatening to shut down the Straight of Hormuz, an essential oil supply bottleneck. As the price at the pump goes up, so does the price of nearly everything else.

Yet here we are, pleading with our so called representatives to do the right thing and lift the unconstitutional moratoriums on drilling and exploration on our own soil. These "representatives" of ours blame President Bush, Republicans, oil companies and speculators while offering no truly feasible energy policies of their own.

Tell them you've had enough and sign the petition today.

June 17, 2008

McCain Calls for Drilling

Shock of all shocks! Flip of all flops! Alleluja!

John McCain is calling for the federal government to lift its restrctions on domestic oil exploration and drilling. Of course, Senator Obama called him a flip flopper, which is fine with me. He was wrong before, now he's right and I applaud his decision to flip flop. It's cold again wear I live, but I will wear my fanciest flip flops in honor of Senator McCain. If he keeps talking like this I just may go crazy and send him a campaign contribution!

Welcome aboard the Drill Here, Drill Now, Pay Less bandwagon, Senator McCain! Do you want to sign the petition?