Bush Passes The Ball on Drilling: Dems About to Drop It

It just seems to be the same old crap from the leadership of the Dems. I love this idiotic and overused defence as well. Pelosi just blames Big Oil and talsk about the 68 million acres of land that the oil majors "are sitting on." No mention of energy security or lowering prices at the pump.

"Once again, the oilman in the White House is echoing the demands of Big Oil," said House Speaker Nancy Pelosi. "The Bush plan is a hoax. It will neither reduce gas prices nor increase energy independence. It just gives millions more acres to the same companies that are sitting on nearly 68 million acres of public lands and coastal areas."

Obviously Nancy Pelosi has never actually run an oil company. If there was vast reserves of oil on those 68 million acres of land then the oil companies would already have hundrerds of rigs up in order to take advantage of the $145 a barrel oil. Even if the oil was hard to pull out of the ground they would still go after it since high prices justify their costs. After all I hope Pelosi knows that the oil majors actually own only 6% of the worlds oil reserves.

Opening up extra lands for drilling makes it so those lands can be checked for oil or not. It adds to world oil supply so it stays above demand and will hopefully lower prices. The Brazilians would have never found that Tupi Basin oil if they let the land sit there.

So in this case the Democratic leadership are actually standing in the way of more domestic oil production. In fact you could say that they are driving us deeper in the pocket of Saudi Arabia, Iran, and Venezuela since they refuse to let Americans have access to American oil. And they wonder why they have a 18% approval rating.