I inherited a bit of XOM stock that I sold last year - FWIW, XOM and the other domestic oil companies control about 9% of the world proven reserves.
So, that means someone else controls over 90% and they ain't subject to our laws.
So, IMO the Dems can scream, have hearings, pass laws and generally squeal but they won't accomplish any more than Pelosi & Reid promised 2 years ago.
I have read in our local papers some really bright folks saying "we'll just tell them (whoever them is) $40 or 50 a barrel and if they don't like it tough." I guess they don't understand the market is out there at the current price and why would anyone want to put out more product to get paid less?
I was indoctinating - err - I mean explaining to my daughter the other day that what the U.S. is doing is equivalent to if I lost my job, and was having trouble making the house payment, buying food, etc., and I say to myself "You know - we have three cars, we really only need two - I could sell one - that would give us some cash, reduce our insurance premium, etc., and I have a savings account with $1000 in it for a rainy day - I could use some of that, oh - and those bonds I have - I could cash them in. And I can work temporarily at Burger King or the local auto parts store while I search for my next career job."
Then I have the choice of saying "Separately, each one of those things won't get me thru, BUT together, they would allow us to ride this out until I can get another job.", but instead I say "No one of those things by itself will get me thru. I think I'll be better off if I let them take the house and we go on food stamps and maybe live off of macaroni and cheese - that way I'll get to keep the third car and that savings account, and how degrading it would be to work at Burger King! Yeah - that's it - let them take the house. It's just not worth doing all those other things to save that house and keep us eating healthily."
That's what we as a country have been doing and are doing.
Bill Putney (To reply by e-mail, replace the last letter of the alphabet in my address with the letter 'x')
Because he'll piss off the entire tourism industry, which contributes heavily to politicians in Florida. Everyone knows that. Almost everyone.
You wouldn't have asked if you didn't have the answer. Reveal the answer. The answer is limited to examples of legislation which prevents us from drilling. To discuss the legislation you're referring to, you must provide either the official text name of the legislation, or its senate bill number.
Do a search and you will discover the Dims, at the behest of the environuts, have refused to support legislation to allow drilling our own oil. Had the Dims had supported the Presidents energy plan seven years ago we would not have many of the problem we face today
Are you saying you actually know of such legislation? You mentioned it. Why? You either have specifics, or you just heard someone on the radio make a general statement and you're repeating what you heard.
By the way, the president supported the prohibition of drilling off the coast of Florida. Don't tell me "no", or you will be embarrassed.
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