Re: 73% of Americans want more offshore drilling...
by
tsedek
07/17/2008, 9:15 PM #
"Some liberals have already conceded that opening up ANWR would lower gas prices "only" 50 cents per gallon."
I won't mention names, but some liberals are morons. Supply is ample and independent refineries are losing money on every gallon they produce now, as gasoline is artificially low.
"So what about the new jobs, new tax revenue generated and the trade deficit?"
Those are legitimate positives and the case for drilling can be made on them alone. We must, of course, realize that we don't have the equipment now for more extreme drilling and that this isn't a quick solution. For more drilling to happen, prices must stay high. Should they drop, drilling will stop, just as in the mid-'80s and late '90s.
"And I may have asked you this before, but wouldn't increased exploration and production prop up the falling dollar as well?"
Increased tax revenue would, improved accounts balance would, and full market royalties would definately help. Lot of positives, but I must demand full royalty. It's our oil, Stan, Exxon can pay us what it's worth or drill somewhere else. Enough welfare.