Saturday, July 26, 2008

Drill Here, Drill Now

Updated 10/24/08

Click this chart to
understand the problem:

Click this chart to understand the problem

The USA, according to The Wall Street Journal:

“remains the only nation in the world that has
curtailed access to its own [ENORMOUS] energy supplies”

Click this chart to understand
the mid-term solution:

Click this chart to understand the mid-term solution

Click this image
to understand why CO2 should
not be a concern to anybody:

Click this image to understand why CO2 should not be a concern to anybody

3 comments:

FirstForty said...

The issue is only partially the environment. Unless there are caveats that oil companies must exploit the new fields within a certain number of years and commit that ALL of it goes to the USA, this idea is simply a way to make the oil company's balance sheets look better. Unconvinced.

SBVOR said...

FirstForty,

The less governments meddle in global markets, the better for all (whether they know it or not).

SBVOR said...

FirstForty,

Oil companies pay millions for leases (which are sold at auction). The leases are typically 10 years in duration. Any oil company which does not make use of every reasonable opportunity to generate a return on their investment is deliberately cutting their own throat. Do you really think they do that?

Your “use it or lose it” argument has already been abandoned by Congressional Democrats (and properly so). This post and all associated links more thoroughly addresses that issue.

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