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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Kirk © who wrote (37701)8/6/2008 6:50:21 PM
From: InvesTing  Read Replies (3) of 42834
 
Obviously every other country in the world explores and drills for oil and do so both on and off shore if they have the ability and there is oil there. Only liberal idiots would tie our hands.

There are two reasons to do this.

1) Every barrel of oil we produce (we are currently the third largest producer in the world and if we would have developed Anwar when Clinton vetoed the plan we'd be second and only slightly behind Saudi Arabia) is a barrel of oil we don't pay someone else to produce. it's the difference of taking your kid to the circus or taking someone else's kid.

We are going to use the same amount of oil whether we drill off shore and open tar sands or not. What idiot would not rather the jobs be here, our economy be helped instead of sending those billions to enemies. If ever there was a NO BRAINER this is it.

(Keep in mind there is not one thing about drilling off shore that prevents developing nuclear plants, alternative sources of energy, conservation, better batteries etc.)

2) Anytime you produce more of something you are going to lower the price. Nobody knows hou much we are going to produce until we start producing it.

We know one thing. Finding and producing our own oil is infinitely better and a NO BRAINER compared to releasing oil we bought and put in our cistern at the SPR. Yet the liberal democrats want to release oil from the SPR that we bought for 10 days to lower prices. To quote Seabiscuit, "Duh", if the liberals think releasing 10 days of oil from SPR is a great relief to prices, why are they not lamenting Clinton's veto of AnWAR--you'd now have likely 1 million barrels a day of US oil resulting in likely 10% or so decrease in current prices.

Only fools oppose drilling offshore---and that goes for Anwar too. McCain is a liberal dingbat in many ways as well.
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