Jun 11 2008
If Allowed, Oil Companies Could Lower Gas Prices
Before you blame oil companies for all our economic problems check this:
The U.S. Government takes 15% of each gallon of gasoline.
The oil companies pocket 4%.
Oil companies do all the work to extract, buy, and transport oil from nations all over the world. The U.S. government does nothing.
People all over the world use oil, or products directly or indirectly manufactured by oil, or its byproducts.
In 1995 Bill Clinton vetoed a bill that would have allowed drilling in Anwar, substantially increasing our oil supply, and decreasing our reliance on foreign oil today.
The question is, which of the two Presidential candidates will best solve the issue of sky rocketing gas prices?
The answer is neither.
They both disagree with any type of drilling in the U.S., or extracting from the areas in Utah, Colorado, and the newly found areas in North Dakota. These many areas are protected by the environmental fringe, but you pay for at the pump, and also pay more for all products, as gasoline fuels the trucks and planes that deliver our products.
McCain does have some initiates to increase nuclear power, therefore lowering power and utility costs, but how will he fight gas prices? He won’t, unless he drastically changes his positions.
I am a strong proponent of the environment and working to protect it as mentioned in previous blogs, but drilling in Anwar for example, would only take up a very small portion of the region in Alaska.
The following is an excerpt from George Will’s Column, The Gas Prices We Deserve:
“ANWAR is larger than the combined areas of five states (Massachusetts, Connecticut, Rhode Island, New Jersey, Delaware), and drilling along its coastal plain would be confined to a space one-sixth the size of Washington’s Dulles Airport.”
In addition he adds, “One million barrels is what might today be flowing from ANWR if in 1995 President Bill Clinton had not vetoed legislation to permit drilling there. One million barrels produce 27 million gallons of gasoline and diesel fuel. Seventy-two of today’s senators — including 38 other Democrats, including Barack Obama, and 33 Republicans, including John McCain– have voted to keep ANWR’s estimated 10.4 billion barrels of oil off the market.”
Drilling in Anwar, off the coasts, and where possible is the short-term solution to our rising gas prices. Hybrid technology, electric vehicle solutions, and other oil free ideas should continue development as well.
Get more info at: www.anwr.org
For a visual breakdown of the Anwar region go to: http://www.anwr.org/docs/CloseupofareaIII.pdf
Also check out George Will’s article directly at: The Gas Prices We Deserve
One Response to “If Allowed, Oil Companies Could Lower Gas Prices”
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Nicely put! Don’t forget that if we REALLY want to look for an immediate change in prices we should look at unifying the various refining requirments from state to state. If we had one federal standard instead of each state setting up it’s own ideas for what type of gas blend they will allow it would greatly improve our current refining efficiency. Plus, we need to increase our refinary capacity and stop the “not in my back yard” mentality.