Here...Come...The...Drums!!!

[rubinpdf]

Shortly after Omaba won the democrat nomination for President, I made the statement "If elected, the best we could hope for is James Earl Carter Jr and the worst we can fear is Harold Saxon."

Why did I say that, and why do I still think that?

The best we could hope for...
EnergyJimmy Carter faced an energy (oil) crisis for which the he decided

Comments

[pathia]

'Drill here, drill now' would take at least a DECADE to get up and running, and provide less than a year's supply of oil for the US. Exactly where are we supposed to get a massive quantity of oil, we don't have enough to supply ourselves a self-sufficient level, even if we literally drilled out every single possible well.

Our known untapped reserves measure in the billions at most, meanwhile, elsewhere in the world the reserves top over a trillion. It's not particularly economically viable.

[rubinpdf]

One - A decade to drill oil is the most often quoted and the worst case scenario. Some oil exploration experts have said that if the right equipment were available it would take only one year to get the first oil since the they know exactly where the some of the oil is located.

and

Two - Bill Clinton vetoed a bill to drill in ANWR more than a decade ago. Do the math.

In any case - if you never start to drill, you'll never get any oil.

[pathia]

ANWR has approximately 6 to 16billion barrels of recoverable oil.

We would be able to pull about 780,000 barrels a day from ANWR.

We would USE more than that per day. OPEC would reduce their output by the exact same amount we put on the market and the price would end up exactly the same as before, and since we don't get enough out of it to support ourselves, then we have to import just like before.

[rubinpdf]

We would USE more than that per day.

Are you saying that we would use more oil to drill than we would get from drill the oil? Where are you getting that information?

Anyway - I didn't claim that ANWR was the only solution. We need to start drilling off-shore coast the US - Cuba is already planning on drilling within 100 miles of the Florida coast. Then there's the Bakken Shale to explore.

No one is going to claim that oil is the long term solution, but until we develop the technology to replace it (likely 50 to 100 years away), we need to exploit the reserves we have for the next 40 - 50 years.