One of the biggest arguments that liberals use against increasing oil production domestically is that it will “take 10 years to have any impact.” Oh really? Well let’s take a quick look at some facts.
Elm Coulee Oil Field, which produces oil from the Bakken Formation, was discovered in 2000. By 2007 the field had become one of the 20 largest oil fields in the United States. That’s within 7 years!
So what – do the liberals like to round up? They often cite the study by the EIA that says it would take 10 years before oil production would start in ANWR. Yeah – sure it would.
Liberals also like to state that drilling in places such as the Bakken Formation or ANWR would not have an immediate result on the pump. Let’s assume that they are correct (which they are not). Ok, we just assumed it. I would much rather start something now and realize it later, than not start anything at all.
Speaker Nancy Pelosi: Four, renew — invest in renewable energy resources, which will bring a faster return than drilling offshore, which will take 10 years and produce 2 cents’ reduction in 10 years off the price at the pump.
Here is the real deal: Increasing oil production domestically now will have a positive short-term impact on our economy plus a long-term impact on our oil independence. It’s a no-brainer.
References:
http://en.wikipedia.org/wiki/Elm_Coulee_Oil_Field
http://en.wikipedia.org/wiki/Bakken_Formation
Did Nancy Pelosi cave on offshore oil drilling?
http://latimesblogs.latimes.com/presidentbush/2008/08/offshore-drilli.html
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Come now man our Government wont lie to us, they have OUR INTERESTS AT HEART, yeah right did you know that the government makes 25% off any production in the U.S. and that is before all the taxes added on that we pay but the government don’t wants to know about that.
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