Oil Prices? Keep 'em fallin'... Drill here. Drill now.
The financial crisis isn't over yet, but one thing that many have reported has helped ease the strain from the crisis is the precipitous price drop for a barrel of oil over the past week, which has led to a decent drop in the price of gasoline at the pump.
Great. I'm glad. Keep it coming.
Congressional Republicans must not drop the talk of new domestic oil exploration, including especially Outer Continental Shelf drilling. Sure, the opposition will say, "but it won't bring oil online for 10 years." Well, if we'd drilled 10 years ago we'd have that oil now. But they blocked it.
OPEC nations will still be despotic and sponsors of all sorts of things anti-American in 10 years. Chavez may still be in power in Venezuela in 10 years. Our demand for oil will not go down over the next 10 years. Futures prices now are affected by, well, the future. So if we take steps to increase the future supply, we can bet the futures market for oil will reflect that and further ease the strain on companies' cash flows, easing the overall financial strain.
Relax restrictions on new domestic refineries. Allow the first new refinery construction in 30 years. Make it possible for Americans to get to work making American energy using American resources and American ingenuity.
Ease regulations and taxes that cause the price at the pump to be higher. This will put more money in the pockets of everyone -- and more, percentage-wise, in the pockets of the poor and middle class than it does in the pockets of the wealthy (that's my shout-out to the class warfare bums).
Do something to assist and and accelerate the fall in gas prices. Anything. But, for the love of J.R. Ewing, don't let this moment in American political history pass without getting more and better oil exploration possibilities passed.
Great. I'm glad. Keep it coming.
Congressional Republicans must not drop the talk of new domestic oil exploration, including especially Outer Continental Shelf drilling. Sure, the opposition will say, "but it won't bring oil online for 10 years." Well, if we'd drilled 10 years ago we'd have that oil now. But they blocked it.
OPEC nations will still be despotic and sponsors of all sorts of things anti-American in 10 years. Chavez may still be in power in Venezuela in 10 years. Our demand for oil will not go down over the next 10 years. Futures prices now are affected by, well, the future. So if we take steps to increase the future supply, we can bet the futures market for oil will reflect that and further ease the strain on companies' cash flows, easing the overall financial strain.
Relax restrictions on new domestic refineries. Allow the first new refinery construction in 30 years. Make it possible for Americans to get to work making American energy using American resources and American ingenuity.
Ease regulations and taxes that cause the price at the pump to be higher. This will put more money in the pockets of everyone -- and more, percentage-wise, in the pockets of the poor and middle class than it does in the pockets of the wealthy (that's my shout-out to the class warfare bums).
Do something to assist and and accelerate the fall in gas prices. Anything. But, for the love of J.R. Ewing, don't let this moment in American political history pass without getting more and better oil exploration possibilities passed.
