Total Pageviews

Wednesday, August 13, 2008

Drill Here Drill Now Campaign

This has been one of the best things Newt Gingrich has done in a long time. It is a great campaign designed to educate people about why we need to drill for our own energy. However, there are many left wing advocate who downplay the effect that drilling will have on the market. They are wrong. I recently learned that off limits coastal areas contain 19.1 billion barrels of oil which is the equivalent of 30 years worth of Saudi imports. In addition to the oil, there is 83.9 trillion cubic feet of natural gas which is enough to power American homes for 17 years. The liberals would have you believe that drilling here is useless, harmful to the environment and would not put enough oil on the market to have a substantial impact on oil prices. The coastal areas are not the only places that the environmentalist and the left wing Democrat party are stopping us from drilling in. ANWR located in Alaska has been hotly debated as a place to drill for oil. On one side of the argument, the environmentalists state it would be to harmful to the environment, wildlife and would not produce enough oil to affect supplies. The other side has a very different take on this. According to www.ANWR.org, the area where drilling will occur (called the coastal plain)is on approximately 1.5 million acres within the 19 million acre ANWR wildlife preserve. Within this 1.5 million acres it is estimated to be 3-9 billion barrels of recoverable oil. The coastal plan of ANWR is expected to be the next big oil find. It has been projected that the coastal plan of ANWR is capable of producing 1.5 million barrels of oil per day for the next twenty five years or more. This would save the American economy approximately $14 billion each year. In other words it keeps that money in America to be invested either in finding alternative sources of energy or other industries. On top of that just drilling in the Coastal plains of ANWR would create 250-735K jobs and it would not harm wildlife as exhibited by oil production in Prudhoe Bay.

I say drill here, drill now, the more oil in the market the more likely the price will come down. It is simple economics. Besides, we need oil until we can find those alternative sources of energy but we also need oil for the everyday products we use. (cars, pipes, kitchen utensils, toys, etc.)

If you do not believe the facts that are presented here just go to www.ANWR.org and to www.glennbeck.com. Also visit www.americansolutions.com to find out more about Newt Gingrich's Drill Here Drill Now campaign.

No comments: