The issue of oil prices is now becoming the number one topic on peoples minds today, and will perhaps be the most important issue for voters in the upcoming election. Fortunately this has put talk of drilling for oil in the US to the front of peoples minds. I'm glad, too, that people are starting to realize that the fear mongering about Nuclear energy, the cleanest, most efficient fuel source known to man, is just what it is; fear mongering.
I could post pages and pages of thoughts and stats here but I won't bore you. What really gets me is the response we are now getting from the anti-oil crowd. In the past it was environmental concerns, which were always BS, but with $1 a gallon gas it's easy to just agree. But now, the environazis have changed there argument to the patently disingenuous "drilling for oil will not affect the price of oil"...
It's really mind boggling to hear this kind of argument but nevertheless it is made and accepted by some. Let's think rationally for one moment, please. Adding any amount of supply to a market will ALWAYS reduce the cost. ALWAYS, whether it be textbooks at a University, highways in a metro area, or beer at a liquor store. This is a fact that is as unchangeable as gravity. Drilling for oil in the US, and anywhere for that matter, will lower the price of gas. Now, the real dollar price of gas may go up, that is quite possible. But adding supply to the market will make the future price less than it would have been, sans drilling. It's just simple fact.
Second, the amount of money we send overseas for oil is astronomical. According to the
US State Department, from January - August 2007, oil imports were a whopping 34% of the entire US trade deficit. That means that every single barrel of new oil we obtain from the US is one less dollar we borrow from the Chinese, and a dollar we invest in jobs and infrastructure in The US.
This should not even be an issue, and never should have been, but the environazis do not play nice. My favorite talk show host Bob Davis always says that "the cure for high prices is high prices", and I just hope that the high price of oil will wake Americans up to the foolish energy policy we've had in place for the last two decades.