Contrary to what I've been hearing the last few months, this Representative says it won't take 10 years to produce oil, it only takes 3 years.
Sunday, September 14, 2008
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1 comment:
Thanks, again Tony! Thanks for being willing to pursue the truth.
Here's a link to the a recent IBD article on the topic: Does It Have To Take A Decade To Bring New Crude To Market? Ever heard of bureacracy, environmentalists, and lawsuits? And I'm hearing there's more natural oil seepage for the past few decades than from oil platforms (even with Katrina & Ike). Funny how oil prices have dropped 30% from the exact moment President Bush rescinded the Executive ban on offshore drilling. And, while we're on the subject, the oil companies pay more in U.S. taxes than their "windfall profits" of 8%. And I'm pretty sure those taxes don't include the taxes we pay at the pump. I'm also seeing multiple reputable sources indicating, at current prices and with today's improved/improving technology, we have much more domestic oil than Saudi Arabia? What gives Nancy?
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