Submitted by Rudy (not verified) on Thu, 08/07/2008 - 08:11.
Although the article may be biased, it serves and important role. That in that we as Americans are being used as a political bargaining chip. The reality is that there isn't enough oil (covered by the current bans) to make much of a difference.
This is all just political masturbation, and it seems to be working. If the republicans can lobby this case hard enough, they'll win the economy vote, stating that the price at the pump will go down, when in reality it won't, and we will be yet again duped. Not to mention that less foreign oil means more stability... NOT. Most people don't even know that most of our imported oil comes from Canada and Mexico.
The only current short-term solution would be to reach into the strategic oil reserve. That may not even have any great impact which tells us a lot about the difference that 18 billion barrels of oil will make.
Companies have and are drilling in the gulf now and look what it's doing for the prices now. The fact is gas is expensive, and some yahoo political agendas masked as good-for-the-country legislation isn't going to do anything but worsen the situation. I'd put money on it but I gave it all to Exxon.
Although the article may be
Although the article may be biased, it serves and important role. That in that we as Americans are being used as a political bargaining chip. The reality is that there isn't enough oil (covered by the current bans) to make much of a difference.
This is all just political masturbation, and it seems to be working. If the republicans can lobby this case hard enough, they'll win the economy vote, stating that the price at the pump will go down, when in reality it won't, and we will be yet again duped. Not to mention that less foreign oil means more stability... NOT. Most people don't even know that most of our imported oil comes from Canada and Mexico.
The only current short-term solution would be to reach into the strategic oil reserve. That may not even have any great impact which tells us a lot about the difference that 18 billion barrels of oil will make.
Companies have and are drilling in the gulf now and look what it's doing for the prices now. The fact is gas is expensive, and some yahoo political agendas masked as good-for-the-country legislation isn't going to do anything but worsen the situation. I'd put money on it but I gave it all to Exxon.