U.S. Federal government and various states ban drilling in thousands upon thousands of square miles off the U.S. Coast. So we are at the mercy of both OPEC and the overreacting environmentalists. Yesterday our friends in the Democratic Party blocked a bill that would allowed off shore drilling between 50 and 200 miles from shore. In other words far enough away from shore to protect the coastline. The Bill's Sponsor Rep. John Peterson, R-Pa, told Fox News:
"There is no valid reason for Congress to keep the country from energy resources it needs."... "I'm disappointed. I did not expect a partisan vote today. I felt we had a chance of winning this. A lot of Democrats have been talking favorably about my amendment. They know we have to do something. But today was an absolute show of Pelosi power, it was dealt from the top down," Peterson said later, speaking with FOX News, adding he was open to other energy solutions, including wind and solar power."Politics, DEMOCRATIC Party Politics, is keeping Oil Prices high. YOU HEAR THAT AMERICA? Let me rephrase that.If you think that gas prices should go from 4 dollars a gallon to 6 or more, or if you want to drive this almost recession into a depression ...Please feel free to vote Democratic for President and Congress this November.
Drilling will help the economy in so many different ways. First of all the Democrats are correct in saying that it will take 10 years to start seeing oil from any new wells. (that also means that If Bill Clinton didn't veto a measure to open up more US Land in Alaska for drilling ten years ago we would be seeing that oil today) BUT if you believe that part of the reason for the higher oil prices is speculation, allowing drilling will immediately start a downward pressure on long term speculation. Any downward pressure on prices will help lower the costs on just about everything else. It would be the equivalent of another tax break because it will free up money in all of our pockets. By the way can someone explain to Nancy Peolosi's Jokers that wind, solar, biofuel, nuclear and other alternatives should be developed at the same time (and probably wont reap rewards any sooner than drilling).
Along with the cooling off speculation, reviving the drilling and refining industries in the US will create JOBS. More than just the jobs on the platforms or refineries, but in supporting industries--everything from construction helmets to McDonalds.
And I haven't even mentioned that we can stop sending our hard earned cash to countries that support terror.
How's that for an economic plan, uses industrial capital to rebuild an industry, create jobs, lower prices, increase disposable income (especially for the "little guy"). Sounds like a plan right? Well you see our democratic party controlled congress is too tied up in its underwear to make it happen. They are too busy wasting time on an politically inspired impeachment resolution, or trying to de-fund the war on terror, to actually think rationally about the United States economy.
Newt Gingrich has created an online petition which he asks congress to allow drilling, as of this morning 614 THOUSAND have signed it, Please help get it to a million. Click HERE to get to Newt's petition Sign today!!!