Drill Here, Drill Now Tuesday – 7/29/08
Posted by brvanlanen on July 29, 2008
This was started over at Wake Up America by Jessi in an attempt to get our supposed Representatives and Senators in Congress to WAKE UP to the problem of rising energy costs. It will continue every Tuesday until the allowing of more domestic drilling takes place. The idea is to post the weekly gas price.
Jessi points out that a whopping 81% of Americans support greater use of domestic energy resources! I say it’s too bad the wishes of the people aren’t being granted in Washington.
Steve over at No Runny Eggs points out some interesting information.
CONGRESS RECENTLY VOTED TO MAKE IT ILLEGAL TO DEVELOP U.S. OIL SHALE RESOURCES
With oil prices at an all-time high, Americans are facing escalating gas, diesel, and aircraft fuel increases. Oil prices are projected to increase further.
Congress, however, has made it illegal to develop vast domestic oil resources in large parts of the United States.
The most startling Congressional prohibition on domestic oil production concerns the recently enacted ban on the development of oil shale resources in parts of Colorado, Utah, and Wyoming in the Green River Formation. According to a Rand Study estimate, this reserve contains over one trillion barrels of oil, with 800 billion barrels fully recoverable, or three times the current oil reserves as Saudi Arabia.
Here’s another interesting thing -
Oil prices tumbled more than $2 a barrel Tuesday, finishing at their lowest level in seven weeks as a stronger dollar and beliefs that record prices are eroding the world’s thirst for energy sparked another dramatic sell-off.
The drop — which surpassed $4 a barrel at one point during the day — was a throwback to oil’s nosedive over the past two weeks and outweighed supply concerns touched off by a militant attack Monday on two Nigerian crude pipelines. It was oil’s seventh decline in the last 10 sessions.
That two-week nosedive would coincide with President Bush lifting the executive ban on offshore drilling.
The point is obvious – the time has come to drill for oil here at home. Sign the petition if you haven’t yet.
Oh yeah, here in the Green Bay area the gas price was $3.79 ($3.74 at the Oneida One Stop) today.
