Why do the dem's keep insisting that drilling for our own oil won't lower the price of gasoline?

The dem's seem to think that they can negate the age-old law of supply and demand just by opening their mouths.They claim that drilling here and now wouldn't change the price of gas in a major way.


But President George W. Bush officially rescinded the executive ban against off-shore drilling , and the price of oil dropped by $20 per barrel within a week.It would seem that the mere notion of America wanting to exploit it's own resources had an effect on oil prices.


So why is it unreasonable to believe that gas prices would drop if we started drilling for our own oil?


Or is it more reasonable to believe that we could go without the extra oil we need by inflating our tires properly and getting tune-ups?


BTW...most cars manufactured after 1990 don't require traditional tune-ups.Their fuel consumption (and other vital operating parameters) is dictated by on-board computer chips.


Why do the dem's keep insisting that drilling for our own oil won't lower the price of gasoline?
They are 'In the Tank' of special interest environmental wacko's.





They don't want to lose their special interest money contributions.Why do the dem's keep insisting that drilling for our own oil won't lower the price of gasoline?
Danny,





I really sympathize with your contentions. Unfortunately the facts don't agree, but that's alright with me. I just invested in two drilling companies because I believe that misguided persons like yourself are going to force them to drill in every back yard.





Thanks





A couple of facts.





It's not ';our oil'; The US government leases the land and collects royalties, but as soon as it is out of the ground it belongs to the oil companies. They can then ship the oil anywhere they want and they already do. The price is based on a worldwide price, so it makes no difference where the oil comes from.





Watch the TV tonight. 15 years ago you had a better chance of getting hit by lightning than being run over by a car in China. Now they are adding 75,000 new drivers every month.


Do the math for yourself.





Go to the Trans-Alaskan Pipeline website and look at their volume figures. 2 million barrels a day in the 1990's, 750,000 now.





As painful as the fact is supply cannot keep up with demand.





America has the greatest technological resources in the world. If anyone is going to solve the energy problem it's us, but Americans are by nature procrastinators (it's actually built into the system). Instead of ringing our hands, or waiting till disaster strikes let's get to work now.
Great news! Where is your proof that it will?
Like McCain, you must think it takes a matter of days to find it, build the platform, extract it and then refine it...like McCain you are delusional, it would take at least 5-7 years to see ANY impact on oil prices and by then, we'll be well on our way to tapping that resource out. We need a different kind of fuel and energy resource...drilling for oil will not make more oil. There is a finite amout of it and at the rate of consuption it will all be used up within the next 50 years. Then, what would you Republicans propose? Such short-sightedness makes me realize how inane the Republican Party's ideals truly are...
Because we already are drilling virtually everywhere that oil exists in this nation.





The U.S. has roughly 3% of all the oil in the world. 80% of that oil is currently available to oil companies. This means that the total new oil we could drill, if we opened every single source in the nation, is .6% of the world's oil. About half of one percent.





No one truly believes that getting an extra .006 of the global supply is going to substantially affect oil prices. The drilling gimmick is just that: a gimmick.








(by the way, every modern car still needs tune ups: air filters, spark plugs, plug wires, oil changes, etc.)
Air filters need to be changed regularly and to a lesser extent, plugs and wires...


Now, we consume 2 million barrels/day. And it may come as a surprise but under inflated tires are more common than not and result in a 10 % decrease in fuel efficiency. Thus, by simply checking cold tire pressure, weekly, we could ultimately save some 73 million barrels of oil each year. This could be further improved by proper maintenance. Not to mention, if we increase CAFE standards by 1 - 2mpg, the net savings would equal the entirety of Prudhoe Bay's reserves in about 7 years time.





I am sorry, but the best available current data put together by non-partisan groups indicate that any offshore oil would lower gas about 6 - 10 cents and not until about 7 years after exploration commences.





I can't understand how folks can politicize this matter without even knowing if there is any recoverable oil to make this profitable or even worth the venture. An offshore well costs at least $100 million, each.





I would suggest the argument be changed to first having geophysical surveys of the areas to determine whether or not this is even a viable discussion.
Because it won't.





Quick question - how many completely erroneous statements can you cram into one question post?





1. Drilling will only introduce oil on the world market, not exclusively to the United States. The only way added domestic drilling would heavily impact supply is if the U.S. government nationalized the production, which will never happen.





2. It's already been proven time and time again that the drop in oil prices is due to slumping demand in the second quarter from slowing consumption. If the ';mere notion'; of supply had such an effect on market pricing, the entire commodities market would swing wildly up and down to the point of uselessness. If I were you, I'd listen to economists instead of your Uncle Cletus.





3. Tire inflation, tune ups and other ';save gas'; tweaks to an automobile do indeed reduce consumption, hence reducing the price (due to slumping demand - sound familiar?). This has been verified by the AAA, the Department of Energy, NASCAR and the automotive industry (who has known this for 60 years).





4. Most cars manufactured WHENEVER actually do need tuneups, just not like in the traditional sense. Fuel consumption is indeed dictated by the on-board computer, but is also affected (obviously) by the state of plugs, belts, hoses, etc. As an aside, you do realize you need to change your oil.





It must suck to be ignorant.