Everybody is blaming the Bush administration and the Republican Party for our present economic woes in this country and the high prices at the pump, but the president today lifted the executive ban on offshore drilling and urged Congress to act to lift their legislation blocking this much needed oil exploration.
The ball is clearly in their court. Let’s see what they do. If it’s typically what the Democrats do, they will drag their feet and do nothing before the recess next month and the situation will get worse due to their inaction. Then they will point fingers and continue to blame the Republicans for everything.
If nothing is done about it, the situation is going to get worse with the speculators going nuts and driving up the price. However, if the areas presently banned were opened up to drilling, we would have access to enough oil to replace most, if not all, of the oil we presently import from the Middle East.
Drilling in ANWR and other places offshore is not the long term answer though. We need alternative energy sources for the long term, but it IS the answer in the near term. The Dems will say, “Oh, it won’t do any good. It will take years to get the oil to market so it won’t affect the price.” Watch what happens though. Just the act of congress lifting the ban and opening up access to this wealth of oil would have an immediate effect on all the speculation about oil supplies. The market would stabilize and the price will come down.
My bet is, the Democrats controlling congress will do nothing and we’ll continue our downward spiral.
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