Bluegrass Gasoline Blues

Democrats under the leadership of Barack Obama want to effectively give away in trust our offshore exclusive economic zone by standing in the way of any current offshore development. Under the 1982 United Nations Law of the Seas Convention the US has an exclusive economic zone of 200 nautical miles and mineral seabed rights up to 350 nautical miles extending along the Continental shelf. A nautical mile is 6080 feet so our exclusive economic zone extends about 240 miles and mineral seabed rights extend 420 miles. The US has the world's largest offshore exclusive economic zone totaling 4.4 million square miles. In comparison, the total land area of the United States is only 3.4 million square miles.
On the East coast alone, if you drive from Key West Florida to Bangor Maine it is 2000 miles. Multiply the 2000 miles by mineral seabed rights extending out 420 miles results in a total of 840,000 square miles of ocean acreage. Because we have the world's largest offshore coastline which is twenty-five percent greater than our land area, it only makes common sense that we exploit our offshore resources to achieve our energy independence.

Democratic disdain for energy production by US companies is evident with the current ownership of former US energy companies. Is it any surprise that the jewell Arco Oil Company which owned 80 percent of our Alaska Oil Reserves was bought out by British Petroleum Corporation at the end of the second administration of Bill Clinton due to the hostile Democratic attitude toward energy companies. It is no accident that the largest US builder of nuclear power plants, Westinghouse Nuclear Power Construction Division was bought out by Japan Toshiba Corporation. While 80 percent of France electricity is generated by nuclear power, only twenty percent in the US is generated due to the successful efforts of Democratic party to kill the US nuclear power industry. Significantly, nuclear power is not considered a mainstay of Democratic plans to address our energy crisis.There is also a worldwide shortage and backlog of orders for oil drilling platforms and oil drilling ships but US shipyards are not building these ships. Only one percent of the world's commercial ships are built in US shipyards. Hold your breath for the Democratic outcry and push for government help to US ship builders to build oil drilling ships in the US.

According to TIME magazine

http://www.time.com/time/politics/article/0,8599,1829354,00.html?cnn=yes

John McCain's sole idea to "drill here and drill now" won't produce oil until the year 2030, and then it will only be 200,000 barrels per day. In comparison, the government estimates that if everyone made sure their car tires were fully inflated, we could start to reduce our oil consumption by 800,000 barrels per day, right now.

Extend your inflated PAIN with your vote for McCain

HiddeHo Harley Ho....what up BikerChick.......seems you challenged me for a response a few DAYS ago. I responded...YOU did not.....Kinda like Hussein challenging Sen McCain and then turning tail. Well, maybe you just forgot.....so here is another chance............

........Posted By: HarleyisHere @ 08/02/2008 19:12:39
Comment: Hey CornHolyO same question for you as was for DavHerpe:

WHat are the ENERGY EXPERTS saying about offshore drilling, timelime, actuall "impact" to prices, etc? DARE YOU TOANSWER try to make it honest and stay on topic here oilboy.

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HiddeHoHarleyHo...what up BickerChick......stay on topic??? NOT the "Hussein is a mohammed" topic??? That IS my favorite. But, if you want to talk energy....probably over your head......but what the heck...here's a brief summary. HolyRoller is a blogger not an expert (supply vs demand I understand....do you?)...so I'll let an expert I find quite convincing, answer you.........

There's been a huge transfer of power to oil producers. Even at $100 a barrel, Saudi Arabia, Kuwait and the United Arab Emirates will earn almost $8 trillion in oil revenues between now and 2020, estimates the McKinsey Global Institute. More troubling are the political implications. "This has really strengthened the Iranians, Russians and Venezuelans to be more provocative in the world," says Larry Goldstein of the Energy Policy Research Foundation. Although governments control crude supplies, private companies have dominated distribution. Anyone can buy oil at a price. Now oil could become a political commodity offered to friends at a discount, withheld from rivals.

How can we retrieve some of our lost power? The first thing is to get out of denial. Stop blaming oil companies and "speculators." Next, we need to expand domestic oil and natural-gas drilling, including Alaska. Although we can't "drill our way" out of this problem, we can augment oil supplies and lessen price strains. It might take 10 years or more, because new projects are huge undertakings. But delay will only aggravate our future problems.

Argue against this SIMPLE TRUTH. Show us all how really goofy, a devout obamamohammed, can really be. Can't blame that on whitey......OOPs...sorry...I forgot how good at that you are.

YOUR TURN....now STAY ON TOPIC

NOBAMA!!!

McCain has repeatedly voted against tax credits for renewable energy.
McCain missed votes to require energy companies to produce 20% of energy from renewable sources.
McCain voted against tougher fuel efficiency standards.
McCain opposed $290 million for Research and Development on Renewable Energy, including wind power.

McCain's record speaks for itself!

Zombiehero:

You are correct: The strategic oil reserves ARE for emergency purposes. During the 2005 hurricane aftermath, Bush opened up the reserves so we could HAVE oil available because the oil rigs stopped production and evacuated. And, it's hurricane season again.

Just imagine what the price would jump to if Obama has his way. OPEC stops selling oil to us because the Windfall Profits Tax act he supports includes a provision that US trial lawyers can sue OPEC nations to increase their oil production to meet our demands. Oil companies close down refineries within the US due to the Windfall Profits tax and move to Central America. No 30-day oil reserve; hurricanes hit the Gulf and all oil rigs shut down production and evacuate to the mainland; We now have NO SOURCE of oil to refine for our own consumption. The entire nation is at a standstill. (BUT there would be no pollution emitted.)

And, Obama's main selling point is that he has good judgment. He was against the Iraqi war, so he MUST have what it takes to be POTUS. He obviously does not have the common sense to think of the various scenarios. That's the problem with most extremists - they can only see things THEIR way!

The strategic oil reserve, I think, has to be reserved for a genuine emergency. You have a situation, let's say, where there was a major oil facility in Saudi Arabia that was destroyed as a consequence of terrorist acts, and you suddenly had huge amounts of oil taken out of the world market, we wouldn't just be seeing $4-a-gallon oil. We could see a situation where entire sectors of the country had no oil to function at all. And that's what the strategic oil reserve has to be for.

And note the use of quotations in this article, where Newsweek has added the "why it asks" when the ad doesn't actually have that language at all. It simply points out the current status of the price of oil and then points out that the democrat helped change the law so that tax revenues would grow over time. Factually the ad is correct, and the democrat stands by his actions. Whether an ad valorem tax is appropriate for something that affects the ability of small businessmen and truckers to do business is another question, one which the candidate should answer.

Misstatement by Newsweek, not surprising. McCain doesn't blame Obama for the rising gas prices, he blames him for there being "no end in sight" because Obama and other democrats were preventing the issue of offshore drilling from even coming to a vote in the Senate.

Of course, Newsweek is a biased resource, so you would expect them to parse the ad in order to make McCain look bad.