67% of U.S. Americans want the ban on drilling for oil lifted. Supply and demand teaches us that demand drives up the price of any commodity or service. Increase the supply and the price goes down. India and China are adding to the worldwide demand, thus raising the cost. The U.S.A. has 18 billion barrels of untapped oil just waiting to be accessed. This would supply America for about 10 years. The mere mention of U.S. drilling would cause pant crapping by speculators and drive the price down. Actual drilling would create jobs, bolster reserves, and the tax revenue generated would be enormous. This tax revenue could be used to regulate the drilling and to minimize the ecological risk, in addition to funding various other forms of government spending. Cutting Americans' fuel costs by 25-40% would put more money in their pockets, which they would invariably spend, which would then be taxed again, so everybody would get a piece, and WE ALL WOULD WIN. Let's get those in power as well as those potentially in power's take on whether or not to drill on the record, right now:
Sen. Barack Obama (D)-Ill. - Against drilling
Sen. John McCain (R)-Ariz. - For drilling
Sen. Harry Reid (D)-Nev. - Against drilling
Sen. Nancy Pelosi (D)-Cal. - Against drilling
Gov. John Corzine (D)-N.J. - Against drilling
Gov. Charlie Crist (R)-Fla. - For drilling
President George W. Bush (R) - For drilling
Hmmm. I see a common thread....Do you?
Tuesday, July 15, 2008
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1 comment:
At long last sir, can we kill the hippies now?
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