With John McCain recently reversing his position (and wisely so) on off-coast drilling and tapping into the oil reserves in ANWAR, more and more liberals are countering with arguments that even if we start recovering domestic oil, it won’t have an effect on gas prices for more than a decade or so. Here’s an excerpt from an editorial in my local paper, the Chicago Sun-Times.
“Despite that, this page might be willing to consider lifting the ban if that would significantly lower gas prices and help reduce our dependence on foreign oil, particularly since advances in drilling technology have lessened the odds of a spill.
There is little to suggest that is the case.
Expanded offshore drilling is not expected to have a “significant impact on domestic crude oil and gas production or prices until 2030,” according to a federal Energy Information Administration report. That’s not much help for Americans paying $4 a gallon or more for gas today.”
Be prepared to see these kinds of arguments as I’m sure this will become a main issue during the run up to the November election. What they are saying at first glance seems logical and reasonable since we can’t take crude oil directly out of the ground and immediately put it into our gas tanks. It first has to be transported, refined, and transported again until it’s finally ready to be pumped into our tanks. Not to mention we’ll have to build more refineries to deal with our increased production of oil, and that construction takes time.
As usual though, Democrats are more interested in telling us what WON’T work, rather than offering up their own ideas as to what WILL work, because…well…they have no ideas. They think that by simply throwing money at a problem you can seemingly “buy” a solution (big spending).
If we were to assume that some form of alternative energy were viable (fuel cells, hydrogen, electricity, etc.), it would still take just as much time, if not LONGER, for alternative energy sources to reduce the cost of gasoline. Think about it. Right now it costs me around 50-60$ to fill my little 13 gallon tank, however, buying a brand new alternative energy car would be an even bigger hit to my checkbook. Furthermore, the infrastructure for a alternative fuel would take many years to build up to a point where a large percentage of the population had access to alternative fueling stations. Now that I’ve got my brand new hydrogen car, where the heck am I going to fill it up? And when those alternative fueling stations manage to get up and running, do you think their going to be selling at a low rate? Heck no! There’s going to be very little competition initially, and as most of us know, little competition = high prices!! (although most likely we’d initially see large subsidies to keep the price down, but resulting in even more government spending/taxes)
The fact of the matter is that most liberals do not have a grasp of how supply and demand works. Simply by committing ourselves to tapping into our natural resources here in America we will see an immediate effect on gas prices. How? By making a definitive effort to start using more of our own oil, current oil sellers will be scrambling to lower their prices in hopes that they can keep their largest consumer coming back for more. It’s really not that hard to understand.