Tuesday, March 15, 2011

Drill here, drill now, or watch America die a thousand economic deaths

The price of gas has risen .50¢ since December 4, 2010. Doesn’t seem like much, does it? Actually, for every 15 gallons of gas that is put into a vehicle, the consumer is being charged an extra $7.50. Whereas it used to cost $49.95 to fill up a vehicle with 15 gallons of gas, it now costs $57.45. The numbers just quoted are price increases that have taken effect here in Alaska. It may be more or less in the lower 48 and Hawaii depending on the state and the rate of increase.

The whole point is that the price of gas is going up, and will continue to go up as long as our impotent government refuses to take action. The current administrations’ answer is to tap the Strategic Petroleum Reserve, which, in reality, is supposed to be tapped only in an emergency. We have not reached a state of emergency yet, but we will if appropriate action isn't taken soon.

Alaska is sitting on vast reserves of oil, natural gas, and coal. Governor Sean Parnell said in a speech he gave at the National Press Club, February 25, 2011:

“America is one of only five Arctic Ocean nations. These five countries sit on more than 70 percent of the world’s undiscovered oil resources. That’s right; Alaska has 2,000 miles of Arctic Ocean Coastline.

We are seeing a global shift from onshore oil exploration to offshore and Arctic drilling. But America’s Arctic oil storehouse has a lock on it –notwithstanding that it holds as much as 33 percent of the Arctic’s untapped, but technically recoverable oil.” (Read entire speech here)

Yet, our hands are tied, and we can only twiddle our thumbs and watch as other nations explore in the Arctic. Meanwhile, Russia, Brazil and other countries are exploring and drilling in the Gulf of Mexico. In Brazil’s case, they are even being given money by the U.S. to drill. According to the Wall Street Journal Online:

“The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a "preliminary commitment" letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.”

Not only are we encouraging another country to drill offshore, but we’re giving them money to do so!

The U.S. is floundering like a drunken whore in a massive sea of debt, but instead of doing everything they can to redeem her, the current administration, led by Obama, is brutally intent on drowning her. This administration gives away money by the billions to countries with less than honorable reputations, while it strangles our own economy with injudicious spending and oppressive, job-killing laws.

Instead of allowing drilling on our own federal lands to stimulate the economy and lower prices at the gas pump, the only thing the federal government can do is come up with lame ideas like tapping the emergency oil reserves. Of course, what they fail to realize is that once those reserves are depleted, we’ll be back to where we were – sitting on massive, untapped oilfields and paying even higher prices at the pump.

There is no excuse for not drilling in ANWR or on any other federally-held lands. The only excuse the government can come up with is that it will “hurt” the environment. Bull hockey! With all the regulations in place now, a drop of oil can’t even touch the ground without massive fines and penalties being imposed on the evil offender.  Their claims don't hold an ounce of water.

The federal government, environmentalists, and special interests have held the state of Alaska and the United States hostage for far too long. They’re the ones who need to “shut up and sit down."  Their ranting about the plight of polar bears, whales, and caribou has worn thin. The American people are hurting from the lack of jobs, and high food and gas prices. When the people get hungry, I guarantee that those polar bears, whales, and caribou are going to end up on someone’s dinner plate, and that someone just might be one of those environmental religionists.

Bottom line is that Alaskans, and Americans, are fed-up with the lack of action by our slothful, worthless government. Frustration is building; and if those overpaid public servants we call senators and representatives don’t get their act together and push through a bill to allow drilling on American soil and off its shores, they will find themselves out of a job come 2012.

Alaska’s lone Representative has the right idea – a very good idea and it wouldn’t take long to implement. Check out Don Young’s address to the House of Representatives:

This simple, easy solution would not only stimulate the economy by putting thousands of people to work, but it would help bring down the price of oil, and make the U.S. more energy independent and secure.

If Congress fails to act on this or any other bill that allows federal land to  be opened to drilling, then every single American needs to let their senators and representatives know they will be held accountable. And let’s not forget the alleged leader of this country who, like Nero, is fiddling away his presidency on a golf course somewhere while America burns down to the ground.

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