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Originally Posted by Doody http://www.usatoday.com/news/washing...terstitialskip
To me, this is a step in the right direction. Before drilling can happen, congress must vote. The world oil situation is pretty bad. We must take steps on all fronts to make the pain less severe. The US is definitely dependent on oil so the more the merrier. Since it will take a few years to drill and pump the oil, we need to start now. THen we need to R and D any and all kinds of alt fuel technology. Mr Ross Perot proposed a 50 cent gas tax back in 1991, when gas was much cheaper, will all proceeds going to alt fuel technology. If that had happened, we would be in a much better position today. The government's failure to act on that tax demonstrates the inefficiency of government. Remember, Ross Perot was a businessman first. He was looking at economics and not moral obligation or some other BS term government officials like to use to justify their actions. |
Im not sure of the results of this. From what I understand, the issues leading to increasing fuel costs is not so much a lack of crude, more a lack of refinement capabilities (and the fact that the Chinese/Indians are purchasing a lot more then they have been in the past). If this is the case, then perhaps our money would be better spent on more refineries rather then investing in drilling more crude.