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July 24, 2008
Democratic Leadership Stands In The Way Of Drilling
Topics: Political News and commentariesAs the WSJ points out, the moronic Nancy Pelosi, screwball Harry Reid and other liberal leaders on Capitol Hill are gripped by cold-sweat terror, knowing that if they permit a vote on offshore drilling they will lose when Blue Dogs and oil-patch Democrats defect to the GOP position of increasing domestic energy production. So what do they do? They fall back to their last failsafe and shut down Congress:
Majority Leader Reid has decided that deliberation is too taxing for "the world's greatest deliberative body." This week he cut off serious energy amendments to his antispeculation bill. Then Senate Appropriations baron Robert Byrd abruptly canceled a bill markup planned for today where Republicans intended to press the issue. Mr. Byrd's counterpart in the House, David Obey, is enforcing a similar lockdown. Speaker Pelosi says she won't allow even a debate before Congress's August recess begins in eight days.More ...She and Mr. Reid are cornered by substance. The upward pressure on oil prices is caused by rising world-wide consumption and limited growth in supplies. Yet at least 65% of America's undiscovered, recoverable oil, and 40% of its natural gas, is hostage to the Congressional drilling moratorium.
Meanwhile, Republicans in the Senate have had enough of the Dems tactics to increase the cost of oil: Senate GOP hands Dems oil ultimatum
Posted by Abdul at July 24, 2008 1:58 AM
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Comments
Dear Abdul:
More Information for your post:
http://www.foxnews.com/story/0,2933,390002,00.html
USGS: Arctic Holds 90B Barrels of Oil
Thursday, July 24, 2008
The area north of the Arctic Circle has an estimated 90 billion barrels of undiscovered, technically recoverable oil and 1,670 trillion cubic feet of technically recoverable natural gas, the U.S. Geological Survey announced Wednesday.
The USGS said technically recoverable resources are those produced using currently available industry practices and technology.
The Arctic accounts for about 13 percent of the world's undiscovered oil and 30 percent of the undiscovered natural gas, the USGS reported.
With Aloha,
Posted by: harry at July 24, 2008 6:26 AM
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