McCain says: "Lift offshore drilling ban - drill here and drill now."

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2008-08-09 10:44

Picka
Colorado Springs, CO

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McCain wants to call back Congress so we "can drill here and drill now". Yet Bush's own Department of Energy says it will be 10 years before any undiscovered technically recoverable resources can be exploited in the moratorium area, and even then any discoveries will have an insignificant effect on prices. Furthermore the New York Times says that existing drillships "are booked solid for the next five years". More political pandering by McCain?

2008-09-08 19:44

RIGOR
Wentzville, MO

Posts: 14

ZOMG we can't do anything with oil for 10 years? Seriously? Seriously!? Come on... If we can't use oil.... Then alternate bio fuels will be here in 100 years. Ridiculous.

2008-09-11 08:04

Picka
Colorado Springs, CO

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The point of my post was that McCain is championing the lifting of the offshore drilling ban as a way to bring short term relief on gasoline prices. Why else would he be asking Congress to come back from vacation? He has said it would have a "psychological impact" and bring down prices but that sounds a lot like hope. In any case the spike in prices that we had over the summer was due to a combination of speculators and Bush pulling light sweet crude off the market to add to the Strategic Petroleum Reserve. See my LISTS on these topics. Then watch if the DOE starts adding light sweet crude to the SPR again this fall and watch the effect on prices. Lifting the offshore drilling ban makes good sense for supplementing supplies 10 years from now, but as a short term solution for gasoline prices it will do nothing. For McCain to imply otherwise is indeed political pandering.

2008-09-14 08:23

RIGOR
Wentzville, MO

Posts: 14

McCain wants to drill for the long term. This isn't a "let's fool the arabs" for 10 years. We have almost as much oil here as they do there. Liberals just won't let us tap it... for the sake of a condor and some other b.s. We could be a powerhouse in oil, it's just that... as usual... the liberals shoot ourselves in the foot.

2008-09-16 20:24

Get Real!
Charleston, SC

Posts: 27

So.... Look into the crystal ball and tell me how much oil Obama's plan will produce in ten years. :) Had the Congress and environmental extremists not blocked oul production and refining since the 70's, we'd have oil today.

2008-12-19 14:21

XERXES
Livermore, CA

Posts: 6

Ok, yes, of course it's political pandering on McCain's part. It's kind of a part of politics, and pointing a finger and saying 'that's nonsense' isn't really going to do a whole lot about it, since at the end of the day there'd be so many fingers pointing you wouldn't really have gotten anywhere. Addressing the next issue, I think that oil prices are affected by public perception, at least to a degree. And, as mentioned, if we keep putting off something because it will take too long...well, that's kind of just stupid. Bolstering the strategic oil reserve was probably necessary, and it probably did take a significant amount of oil. But I think that at this point, since OPEC controls most of our oil anyway, isn't it just as likely they spiked the prices just to make us hurt? Isn't that what they're meeting for now, again? For the sake of discussion

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