The latest political boondoggle is president W-imbecile parroting John McSame's call to open up drilling for oil along the U.S. coastlines.
Sounds kinda good until you think. Which th GOP definitely does NOT want you to do.
President Bush is renewing his call to open U.S. coastal waters to oil and gas development, arguing that it's high time to battle high prices with increased domestic production.Sounds logical until you consider:
Even if the oil conglomerates decide to actually drill along our coastlines, which they probably won't do because it's way too expensive and that development would cut into their windfall profits, it would take at least 5 years (more likely 10) before that oil reaches the market. Exactly how is that gonna help out today's $4-heading-up-to$6 price of gasoline?
It won't of course. They don't want you to know that. They just want you to think they're doing something. Mostly the something would be polluting our beaches. Destroying the Gulf's ecosystem. Destroying the gulf coast's economic base (tourism). And solving exactly doodley-squat.
New Mexico Gov. Bill Richardson, energy secretary during the Clinton administration, called it "another bad idea."That drilling, by the way, is just drilling into your wallet. It will solve nothing. And there's no guarantee the oil will ever reach domestic (i.e. U.S.) markets. It will be sold on the world market. For the highest price. To the highest bidder. If it goes to China, that's OK with the oil barons. Europe? That's OK, too. The U.S.? Don't make me laugh; that will NOT be the highest bidder.Finally, the GOP would like you to believe the blocking of drilling was all a Democratic plot. However,"It's going to take 10 years to fully get that oil out of the ocean. It's a fragile ecosystem," he said on CBS's "The Early Show."
"You know this president, all he wants to do is drill, drill, drill. There is very little on conservation, on fuel efficiency for vehicles. Just last week the Congress failed to pass a solar tax credit — give more incentives to renewable energy, solar and wind. A one track mind — drill drill drill — that's not going to work," Richardson said.
Congress imposed the drilling moratorium in 1981 and has extended it each year since, by prohibiting the Interior Department from spending money on offshore oil or gas leases in virtually all coastal waters outside the western Gulf of Mexico and in some areas off Alaska.Even the W-imbecile's daddy said it's wrong.But it's politics. Not the economy, stupid.President George H.W. Bush issued a parallel executive drilling ban in 1990, which was extended by President Clinton and then by the current president until 2012.
And so it goes.
No comments:
Post a Comment