Friday, April 18, 2008

Deroy Murdock: "More Oil Drilling, Please"

And I whole heartedly agree:

How much more pain must Americans endure before our masters in Washington let oil companies punch a few holes in the Alaskan tundra? Must we shiver pennilessly in the dark before we may extract new domestic petroleum deposits? Or shall we simply keep buying $114 barrels of oil from people who want us dead?

Of course, we all know that it is the oil executive's fault for being so greedy:

Exxon’s $40.6 billion profit for 2007 is dwarfed by its $404.5 billion revenue and $199.5 billion crude-oil expense. Of course Exxon’s sales have swelled: Americans pay more for gasoline as OPEC charges record cartel prices for crude, and rising global demand exceeds stagnant supplies. While Exxon’s 10-percent profit outpaces the oil industry’s 8.3 percent average gain, Coca-Cola’s 20.7-percent profit margin and Microsoft’s 27.5 percent turnover should make Exxon’s executives jealous. When will Congress denounce Coke and Microsoft’s “corporate pillage?”

Read the rest at the link.

We need to drill in Alaska as well as offshore. And anywhere else we can supply ourselves with our own oil.

As for the caribou:

...Environmentally friendly techniques direct numerous drill bits sideways, like covert tentacles, from a handful of surface holes. The allegedly fragile caribou seem quite aroused by all this; their Central Arctic Herd has quintupled from 6,000 in 1978 to 32,000 today. Meanwhile, petroleum development hums at Alaska’s nearby Prudhoe Bay.

Mr. Murdock finishes up his article with a great question:

Will we finally grow up and harness our resources, or will we childishly weep over imaginary threats to wildlife, dispatch supertankers of cash to the Middle East, and watch our petrodollars sponsor bomb belts and exploding aircraft?

It is time. Our economy is being strained to it's limits by the high price of fuel. Airlines are shutting down. Food prices are going through the roof. Many hard working people are losing their jobs. Many more are having trouble keeping up with their finances.

Drill already.

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