On August 5th, 2008 at 4:05 pm, abstractmind said:
Eagle,

I’ll have to dig the reference links back up, but the reports I was reading showed there were approximately 260 Billion barrels of oil we could have access to…just in ANWR, there is approximately 80-90 billion barrels…enough oil for our entire country for the next 8 years.

The problem is, we dont keep oil. We end up sending alot of it overseas in exports to other countries. Its the same mistake, in respects, that Iran makes…they have all of those oil reserves, and no refineries. We refine it, and send it elsewhere. Were we to not send all of that overseas, we’d have enough oil in total to last approx. 35-40 years. But we wont. we’ll send it overseas and not keep it for ourselves, and the process continues.

You sure, the sources I have looked up on this say over 99% of domestic oil is used in the USA…only a small amount of “oil products” not generally produced in other countries are sent out.

What difference does it make? We are spending about 1.7 billion dollars/day on imported oil. Even if we drill and put our oil on the world market, (which we don’t), the benefit of keeping billions of dollars in the USA would still be there, along with hundreds of thousands of new jobs, having the capability to withstand an interruption of imported oil without destroying the economy, drastically reducing the trade imbalance, etc.

The reason the “don’t drill” people can never come up with a logical reason not to drill is because there isn’t one….so they just make stuff up and some people believe it.

“Despite Iraq earning billions of dollars in oil revenue in the past five years, U.S. taxpayer money has been the overwhelming source of Iraq reconstruction funds,” Warner said in a joint statement with Levin. “It is time for the sovereign government of Iraq, using its revenues, expenditures and surpluses, to fully assume the responsibility to provide essential services and improve the quality of life for the Iraqi people.”

Sen. Carl Levin says the U.S. shouldn’t “be paying for Iraqi projects while oil revenues continue to pile up.”

It seems that the Bush Whitehouse knows the citizens of the U.S. wouldn’t stand for our money going to reconstruction in Iraq for many reasons.

So, is it an end run around the citizen’s objections to let oil prices rise and pay for it that way? Are we, the American people, getting hosed to pay off one man’s debt??

I wonder….

Really?

I suppose she might. She’s probably confident that she’ll come out of all this unscathed. No need to worry, her party’s safe as long as they play along, until the next vote comes up. They’ve got five weeks to figure things out. Well, four and a half weeks now. Nice stall tactics, Blueys.

When the oil companies – you know, the one’s who drill for the oil- are asked, they say we can expect to start seeing oil in less than 2 years from some of the easier spots, with major production in less than 7 years.

Add 5 years and tens of millions of dollars spent in the courts before they can start to drill. Now it is 7 to 12 years to oil, If they win permission from the courts.