DISQUS

The Washington Independent: Ban On Offshore Drilling Expires Today

  • Geophys55 · 1 year ago
    Just keep repeating that tired old lie: "It won't help prices and there's not much oil."

    Whatever you do, don't google the words "offshore drilling Brazil" and find out how Brazil is becoming as rich as the Saudis thanks to offshore drilling. Don't check out Norway which is already rich for the same reason.

    Don't bother to worry that imported oil in tankers is much more likely to spill on your precious beaches. Ignore the fact that offshore drilling would pay 40% in royalties, leases and taxes to the American people. Don't think about all the jobs we are losing to imports.

    In short, keep your head in the sand. But, don't expect the rest of us to follow suit..
  • Jonathan · 1 year ago
    Gasoline and Oil prices are all about speculation toward the future. Just like any other commodity market, Oil's price fluctuations are derived from its future supply and demand.

    Even hinting at the idea of offshore drilling in Washington sends Oil prices down, and a drop in Oil prices takes 24 to 48 hours to start helping us at the gas pump. So when Washington finally comes out and says it no longer has plans to hinder offshore drilling, we will see the Oil market react immediately for the better.
  • DB · 1 year ago
    I recently lost my union job and would love a job working on an oil rig. I would gladly exchange my unemployment check for a paycheck! Besides - I would feel good about helping the country at the same time.
  • snoopermc · 1 year ago
    so what do you got to say for yourself now... GAS IS UNDER $2.00 a gallon now and the darn thing just expired...
    if they know we are serious they will quit jacking up prices.
    Let's get our own and SCREW THEM.