Friday, August 08, 2008

Pelosi Plan Will Push Oil to $200 In Next 5-10 Years

This is comforting.
The Pelosi Save the Planet-No Drilling Plan will push oil prices to $200 per barrel in the next 5-10 years.

Pelosi's answer to the gas crisis: "Drilling is a hoax."
Over the past 30 years Democrats have effectively created "No Zones" for US energy exploration and development:

(Republican Senator Craig put together this map in 2006.)
Over the past 30 years Democrats have blocked drilling and exploration in the vast majority of our coastal waters.
Speaker Pelosi intends to continue this trend.

The BBC and HotAir reported:

A “supply crunch” will affect the world market within the next five to 10 years, the Chatham House report said.

While there is plenty of oil in the ground, companies and governments were failing to invest enough to ensure production, it added.

Only a collapse in demand can stave off the looming crisis, report author Professor Paul Stevens said.

“In reality, the only possibility of avoiding such a crunch appears to be if a major recession reduces demand - and even then such an outcome may only postpone the problem,” he said in The Coming Oil Supply Crunch.
The Obama "air in tires" plan won't do much to bring oil to market either.

6 Comments:

Blogger Indigo Red said...

The map reminds of the Absolut World maps of a few months ago. Pelosi's desire for a return to Eden is just as flaky as the Star Trek episode in the last post on the One.

Utopias are a siren song that have never fulfilled the promise.

7:23 AM  
Anonymous FedUp said...

Mandatory term/age/IQ limits... one of them is bound to get her and her fellow loons out of office!

Sign her up for the first space trip to Mars...

7:50 AM  
Anonymous chuck in st paul said...

America is sitting on more oil than all of the Middle East. But let's not go there, no, no, it's all a hoax. Yes it is. A hoax by the leftist misanthrops like Nazi Pelosi.

We could be energy independent in 10 years. Build 150 nuke power plants and get busy in ANWR and the Green River shale deposits and the Bakken field in the Dakotas, etc. In ten years we could pick and choose if we wanted someone's oil or none at all.

11:01 AM  
Blogger Nahanni said...

One of Queen Nancy and her Demofascists "talking points" has always been that "drilling domestically will not help right now but 10 years from now so we should not drill because it won't do us any good".

Hmmmm....

12:14 PM  
Anonymous Anonymous said...

The Democrats were saying the same thing 10 years ago.
They want this country to lag behind Eroupe.

3:24 PM  
Anonymous Anonymous said...

The map omits the US bans on drilling in the Great Lakes, and the Canadian patch of natural gas wells in eastern Lake Erie. See this http://www.buffalonews.com/home/story/401449.html

7:59 PM  

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