Tuesday, July 15, 2008

When really stupid Blogging Tories blog.


First, there's the hideously uninformed enthusiasm:

Bush lifts ban on offshore drilling.

This is a fantastic move. The easiest, most effective way to bring oil prices down is for the United States to drill. Whether its on the outer continental shelf, or ANWR, or both, when America declares its intention to drill, the speculators will back off.

This puts more pressure on the Democrats in Congress to lift its moratorium on offshore drilling as well. All the top-ranking Democrats have said we can't drill our way out of this. From Nancy Pelosi to Harry Reid to Barack Obama. I think we can. And, we will.

And, once again, there's that pesky reality brought to you by people who aren't retarded.

You're right, that was too easy. I'll try to do better next time.

1 comment:

toujoursdan said...

Yup. Courtesy of the US Government's own agency website. Impacts of Increased Access to Oil and Natural Gas Resources in the Lower 48 Federal Outer Continental Shelf

The projections in the OCS access case indicate that access to the Pacific, Atlantic, and eastern Gulf regions would not have a significant impact on domestic crude oil and natural gas production or prices before 2030. Leasing would begin no sooner than 2012, and production would not be expected to start before 2017.

Total domestic production of crude oil from 2012 through 2030 in the OCS access case is projected to be 1.6 percent higher than in the reference case, and 3 percent higher in 2030 alone, at 5.6 million barrels per day.


and most importantly:

For oil:

Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant.

For natural gas:

In 2030, the OCS access case projects a decrease of $0.13 in the average wellhead price of natural gas