Someone posted an entry at HuffPo that encouraged drilling offshore....
Drawing down our reserves is a bad long term idea. We need oil to serve us between now and the point when we are almost independent of oil. What's to stop those with large reserves from jacking the price up to $500 a barrel 15 years from now? What about the opposite - they drop the price to $70 a barrel when we're about to turn the corner on work needed to adopt technologies to ween us from oil and the pressure to mothball energy independence explodes?
When they see that we have nothing at all under our own soil, there's nothing to stop them from wielding huge influence on our economy. Keeping hold of the oil (or at least being able to pretend that we have some oil in the ground) is the only thing that can keep the blackmailers at bay.
This isn't something to "compromise" on. Closing the speculator loopholes will give FAR more immediate, effective relief, it will be much faster than drilling, and will have no potential adverse environmental impact. THAT is a [portion of a] solution to the problem. More domestic drilling just creates other problems while in no way dealing with the current problems. Worse, it's a tacit admission of being wrong on ANWR drilling... it's a lose-lose-lose to the nation and the Democratic party.
The ONLY winners in this "compromise" are the neocons.... totally lopsided and stupid from all angles. Here again is another opportunity for Obama to LEAD.... will he?
Read the Article at HuffingtonPost
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