Quote:
Originally Posted by 300CAWDDUB
Ah thats where you are wrong my friend.
First, actually it would take only 5-7 months to get new domestic oil infrastructure online. This has been proven by oil companies who are ready to go in as soon as they get the go ahead from congress.
Second, 5-7 months may still seam like a long time BUT just the action of congress passing this would cause #1 middle eastern oil producers to drop the price they sell the oil to us, and #2 the price speculators to drop the oil futures cost resulting in a much lower price until the new domestic oil actually hit the market.
Third, 11 TRILLION BARRELS OF OIL, just in one of shore location. That amount ALONE would make us energy independent from foreign oil. This doesnt even take into consider the TRILLIONS of barrels more located in Alaska, other off shore locations, and in our own mountains all across the united states.
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it takes 5-10 years to get oil to the market. not months.
you have to remember most all this drilling is OFFSHORE DRILLING its totally different than land driller. there are NO OFFSHORE RIGS avalible to be contracted right now. It takes 3-5 years to biuld a offshroe rig and even ones that are getting built now even have contracts on them.
no one has spoke of trillions to be found on what bush was talking about, dont pull numbers out of thin air
Bush Urges Lifting US Ban On Offshore Oil Drilling - Politics and Government * US * News * Story - MSNBC.com
that link specifically states there is only a possibility for 18 billion barrels in the locations discussed in the banned locations. NOT TRILLIONS.
AND it also states that it would likely take over a decade to get that oil if found to the market.
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Last edited by jblue21 : 06-18-2008 at 03:21 PM.
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