All of this “Drill Now” Republican-led movement has me worried.
Gas prices are affecting us middle-class Americans. No doubt. Down South, we very much rely on the automobile and obviously gas. Drill now sounds like a plan. But believe me it is not.
Drilling offshore will provide a few wealthy Americans (Bush’s cronies) with more wealth at the expense of all of us Americans that enjoy the coast with out oil rigs lining the horizon. If you believe our drilling will bring gas prices down, well, then you are probably one of those that think Bush is a smart man.
The facts are this: The Energy Information Administration projects that if we go the drilling route, we could hit peak production of 200,000 barrels a day by 2030 – equal to approximately 0.2 percent of projected world production at that time.
Do the math. 0.002 x $4.00 = .008. So instead of paying $4.00 a gallon, we’d be paying $3.992 per gallon. Is this worth it for our country? My vote is NO! Of course this assumes the extra oil on the market would decrease gas prices by the exact same percent increase of new oil. Still a few cents plus or minus, the big picture is that we will not save our country by drilling. We have real problems with demand increasing due to China and India seeing growth no other countries have ever seen before.
Instead of padding the pockets of the oil rich wealth mongers in America, we need a real alternative for driving and that is a nationwide train system that is government subsidized to make it as affordable to families across the country.