Thursday, November 20, 2008

Roy Maynard: Early Returns

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Scott Martin



Joined: 19 Jul 2008 09:32 pm
Posts: 1
Posted: 19 Jul 2008 09:45 pm
Post Subject: Typical Response Read Article
I would expect no less than the editorial given by Mr Maynard. Let us assume the oil companies are using every acre available and are looking for oil on every inch of those acres. Let's assume there are 9 trillion barrels of oil waiting to be found off the shores. Both of these assumptions still would not drive down oil prices if Congress approves drilling tomorrow. It would take 5 to 10 years before any of this oil would reach a tank on a car. Let us not forget the limited refining capability in this country. There is no shortage of oil. There is a shortage of refining. Releasing 10% of the strategic reserve which, according to many websites including conservative websites, sits at 170% of the projected need, would only take two weeks to help relieve price pressure. This oil is ready to be refined and sold. Futures prices are typically only 60 to 90 days out. Not 5 to 10 years out. So, this argument is bogus as well. Oil is high for one simple reason: We have allowed it to get high. The current Presidency is profiting from the gouging. Don't kid yourself. The foremer presdident of Halliburton and the former owner of several failed oil companies are the #1 and #2 in the executive branch. Why would they really want the prices to come down? I don't blame Republicans, I don't blame Democrates. I blame all of them. The people in Washington have not lived up to their promise to the American people. they should all be replaced. We cannot drill our way out of this crisis. The world is growing. China, Russia and India are using more and more oil. It is time to get VERY serious about reducing our addiction. I spend roughly $300 per week on fuel for my job. This is keeping me from taking a vacation this summer. this keeps me and my family from spending money on other things. Last year at this time, I spent about $150 per week. I didn't get a raise to cover the difference. Could you take a $450 hit on your income? Most people can't. On a final note, why isn't there a massive pipeline coming from Iraq straight to us to help pay for our "liberation"?

 
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