Offshore drilling is not a real solution [Updated!]
Hot on the heels of my last post, President Bush is calling for offshore drilling as a solution to our oil woes. Just in case you were fooled, here are the facts:
BBC NEWS | Americas | Bush calls for offshore drilling via kwout
At best, we could get about 2 years worth of oil from new offshore projects. Oh, and by the way, these projects take at least 3-5 years 5 years to come online and start producing oil.
That, Mr. Bush, is not a solution.
[Update!]
Hey, look at that. The Times also picked up on the absolute foolishness of suggesting offshore drilling as a solution to current high oil prices. Just as I mentioned above, the very earliest you could drill a new offshore oil well is 2013. So, Mr. Bush, we should just sit tight until then, right? Right?
Dearth of Deep-Sea Drilling Ships Hinders Offshore Oil Search - NYTimes.com via kwout
The only solution that we can do today is conservation. I know Republicans love supply side economics, but this is one example where our only option is on the demand side. There’s no excess supply in the pipeline so we need to cut our demand.
Filed under energy, environment, politics : Comments (1) : Jun 18th, 2008 by tadfad
June 19th, 2008 at 7:48 pm
I like to tune into Fox News and that nut on Headline News (what’s that silly Rush knockoff’s name again? Oh yeah, Glenn Beck–megaphone man). Anyway, both of these so-called “news” channels had the pundits like GB going off on how offshore drilling was the country’s savior. Some of these nut jobs think that the US offshore oil reserves are enough to last a lifetime. The proof of these vast oil reserves? None cited. just a bunch of fanaticism. Why do people listen to these nuts?