President Bush lifting sanction on offshore drilling. What are your thoughts on this?

Question

Is this our answer to oil dependency?

Answer 1

No, it's his answer to making some more money $$$$$

Answer 2

Excellent decision. I wish he'd open up Anwar by executive decision while he's at it.

Answer 3

Every wants gas proces to stop rising so now they will stay the same or possible even lower

Answer 4

Should have been done years ago

Answer 5

This will harm the environment which .is why we had the ban on offshore drilling. However with the oil prices soaring on daily basis there seems to be no alternative to this. However the best answer to this situation to this is use of alternative forms or energy.  The element in this is time. Whether the offshore drilling for oil or the alternative forms of energy will only be a respite to our energy crisis.

Answer 6

Offshore drilling is the most ineffective, inefficient, and expensive method of getting oil. When it is in full swing, it will produce a drop of gasoline for every gallon poured. What does Bush have to say about this?

“I readily concede it won’t produce a barrel of oil tomorrow, but it will reverse the psychology”

-Bush on offshore drilling, July 15th 2008

http://officeofstrategicinfluence.com/bl...

Answer 7

It's about frigging time!

That China can drill off our own shores and we can't is beyond ridiculous.

Answer 8

Interesting that the ban was originally put in place by his own father and overlooked for the last 7 years of his administration.

...and the Republicans say it's only the Democrats who are blocking oil development in our country.

To answer your question- no it's not the answer to our dependency or lower prices, since it'll be 10-years to develop and the Gulf does not hold enough to make that big an impact.  We need to open ANWAR.

What it may do though, is put the world (and the speculators) on notice that we are done playing this game and moving toward serious self-sustainability.  This will make oil futures look less attractive and get the speculators under control.  Just anouncing such actions as opening these oil fields (including ANWAR) could reduce prices by .70 a gallon once the ripple gets through the system.  (Again, just taking out the bloating caused by speculation).

Answer 9

It's not an answer to oil dependency but it will by us time to find the technology that we need to be independent of it.