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Did I say I believed in $2 a gallon gas or I believe BAchmann. I am pointing out we could have had some oil had the drilling in Alaska started 10 years ago.
Now, there are a few things wrong with this. For one, the $1.79-a-gallon figure that Bachmann cites is from December 2008, before Barack Obama actually took office. (When Obama was inaugurated, gas cost $1.81 — not a big difference, I know, but how hard would it have been to get the right figure? The data are right here.) More important, though, is the reason that gas was — comparatively speaking — so cheap a few years ago. It wasn't because the U.S. was suddenly pumping more oil, or because the Saudis had decided to flood the market, or because the head of ExxonMobil lost his mind and started to give all Americans a 2-for-1 deal on gas. The U.S. — and the world — was in the depths of the worst recession since the 1930s, depressing demand for everything from data centers to electricity to driving. It's Econ 101: precipitous falls in demand usually trigger precipitous falls in price, which is what happened to gas prices, dropping from a high of $4.05 a gallon in mid-July 2008 to a low of $1.69 a gallon at the end of December that year. If you see sub-$2-a-gallon gas again, I strongly suggest that you stock up on bottled water and canned tuna, because the economic end times may be at hand.
Go back and check about 2002...See why there was no drilling in Alaska. Of course the government held it up or stop it cold. No one is saying drilling in Alaska for instance would solve all the problems, but 10% is better than 0%. I agree about the SUVs but that is a different topic.
Nita
Read the post again. I was not suggesting that ANWAR was anything close to 10%. I was stating that at the highest possible estimates, 120 million bbls, the entire ANWAR reserve is 6 days of U.S. consumption.
Considering that drilling there may destroy the wildlife preserve forever, perhaps it's not worth raping this area. It's merely a matter of cost/benefit.
Considering that drilling there may destroy the wildlife preserve forever, perhaps it's not worth raping this area. It's merely a matter of cost/benefit.
The Canadians have no problem drilling up there. We never hear of any catastrophies with their drill sites. so why do we have a problem with it?
These are spills generated by an aging pipeline system. It adds up to less than 5% of the Exxon Valdez. There is no such thing a zero risks. These are incidents not catastrophies.
What's really sad is that some people will actually believe this and vote for her.
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(ooooh zing!)
