Obama Offshore Drilling Drift

Shawn Curtis,

Most of people know that ABC is on Obama.
Especially George S is a loyal Democrat.
He said on "This Week" this election is about Obama.
I could not believe what I heard.

This is great, the Longer that MORON PELOSI Stalls on an Off shore drilling vote, the WORSE it gets for Obama and the DEMS, thats right Peplosi, keep stalling, soon the Public will revolt on you and Obama, November is just a FEW Months away, ths was a Great time for the Republicans to bring this up, it will only Hurt Obama more!!.

And so it came to pass that the "Anointed One" while speaking to the multitudes found a way in his infinite wisdom to transform his views to fulfill the prayers of the masses.

I was on the verge of believing that GMA was trying to be fair in its election coverage..until I heard this morning's story on the Republicans speaking in the HOuse. What a disengenuous spin GMA!!!! The Republicans started their speaking on Friday..even after Pelosi ordered the lights and microphones shut off. The Republicans were doing this way before Obama flip flopped his position on off shore drilling. Your story this morning leads viweres to believe that it was because of Obama's choice that the Republicans started speaking! Tell the truth media! Obama is the follower not the Republicans..and hey while we are at it..why not talk about how McCain has pulled even in the polls..I guess GMA and others will be working doubly hard this week to help Obama make back the ground he lost last week.

It would be fun if next month the poll shows opposite from now.
He would change his position again.

"Obama makes a common sense suggestion on how to increase gas mileage and save a few dollars. The requisite political snarks start kicking in and the suggestion is ridiculed."
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"taking this campaign into the gutter," according Obama campaign manager David Plouffe, as he checked the air pressure in The CHANGEling's limo tires for the third time that day.

Obama drifting on drilling..........So, what did you expect? The polls MADE him to do it.
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The polls DIDN'T make him drift on FISA -- who DID??

Ha! You should then have your ac on and all your windows open? You kill me, Buzz!

Buzz, why did the Republicans kill the bill 2 weeks ago that would have forced the oil companies to give up the leases they refuse to drill on?

That just proves that this isnt about drilling at all, but speculation and oil company profits.

"The more you spend on wind and solar, the cheaper it gets."

Really?

Ask Teddy Kennedy about that.

How about Nuclear power? Is that off limits in the liberal playboOK?

If you were serious, your computers would not be on, they'd be dark. as your apartments and houses.

But they aren't, are they?

If this is so important, which it is, why did the marvelous Democrats run away to take a wonderful vacation rather than work something out that might help us?

Were they just so busy that nothing could be done to alleviate the gas price problem?

Or do they want it to go high, like Barry Obama's advisor's wish that we all adopt wind power for our cars?

What a joke the Dems are on this subject. How many years must we submit to this nonsense?

Obama drifting on drilling..........So, what did you expect? The polls MADE him to do it.

Riley, President Bush has already received numerous requests from senators and congressmen to call for an emergency session of Congress. At least for now, President Bush says he prefers to let the Democrats hear the anger from their constituents back home. This being an election year every member of the House and 1/3 of the senators are up for reelection. So either they listen to their constituents and pass a new energy bill that rescinds the offshore drill ban when they return or they may face defeat in November.

Just a few weeks ago it looked like the Democrats would likely gain 30+ seats in the House and possibly 5-8 seats in the Senate. But all bets are off should the Democrats not rescind the ban on offshore drilling before the general election.

The more you spend on oil, the more expensive it gets.

The more you spend on wind and solar, the cheaper it gets.

Don't forget that Senator McLame flip flopped on this VERY ISSUE a couple of months ago. I agree with the author, however. Sen. Obama is not for off-shore drilling, but is willing to compromise on bi-partisan bill to get to the long-term goal of weaning America off of oil.

Obama will call the Congress back in to vote for drilling. This time they will vote yes and make Obama look like a hero.

What does Congress have to lose--they already are at a 9% approval rating, and Obama's polls are crashing. They are in a panic.

I only hope McCain beats him to it by asking Bush to call Congress back.

I think the "discussion" of checking the air in your tires is emblematic of why so few things get accomplished in this toxic political environment.

Obama makes a common sense suggestion on how to increase gas mileage and save a few dollars. The requisite political snarks start kicking in and the suggestion is ridiculed. Some of the McCain surrogates are even suggesting that this is his "energy plan."

This stuff is so pathetic...I feel like I'm watching a sixth grade class president election (although I expect they're more civil).

If paying what you're paying for gas doesn't bother you, leave your tires and air filter alone. If it does bother you, check your tires and air filter and you'll save some money.

Anyone who has done any of their own research on this topic has run across this statement from the US Geologic Survey. It has been past around so many times it is not clear where it originated from or whether it is true or not.

The U.S. Geological Survey estimates...
There are 17.8 billion barrels of recoverable oil offshore—about 60% of proven U.S. reserves.
This could increase crude oil production about 7% over the next twelve years.
How will this affect gas prices? According to the Energy Department...

A barrel of oil now costs $140.
Increased supply would cut that price to an estimated $138.60 to $139.60 a barrel.
No one knows how this would affect the price of a gallon of gas for consumers at the pump.
If it is true, then our increased production of 7% over the next 12 years may have little effect on demand, in that China's annual demand growth is estimated to be about 20%. If this true, then it seems our increased of production of 7% will have little effect. Now lets suppose this is all internet trash and there is not one spec of truth in any of this, then will increased drilling lower the price of gas at the pump?

It seems logical that if you increase supply that demand will trail-off somewhat. In addition it does seem reasonable that predicted increased future oil supplies could have an effect on current prices. So maybe more drilling and predicted increases in supply could have a more near-term impact on the price of gasoline. There does seem a fair amount of discussion as to what degree the price would drop.

There is also the issue of the oil companies themselves. It is a fact that the huge multi-national conglomerates such as Exxon-Mobil and Shell have all seen record quarterly profits for several quarters now. Can we all agree that the oil companies have never had it this good? It has been proven that Enron generated billions of dollars by creating artificial shortages. My question is with oil companies currently out pacing their earnings, what will motivate them to act in the interest of suffering Americans and begin to increase supply? Don't skyrocketing prices at the pump have a direct connection to their huge profits? What action will cause these corporations to abandon their record earnings, take on huge risk and expense to start a massive drilling campaign across America?

ABC quoting the Wall Street Journal yesterday stated that the oil companies are spending more money on commercials that tout their work on alternative energy than they are on the actual research.
This appears to support the argument that oil companies are not really interested in moving away from their current business model.

I am also concerned that since oil is a commodity that is sold to the highest bidder, it seems likely that American's will get caught in a bidding war with China and other rapidly developing countries for oil that was extracted from our territories. If this happens, then it does seem plausible that the price at the pump might not drop all.

Is this reasonable? What am I missing here?

Ultimately it comes down to how long it will take to find other resources...

Since we do not know the answer to that then I believe the best time to start drilling is asap.

It is definately an arguable case of when to start. However, to say NEVER is the worst possible idea.

I'm for alternative energy resources, BUT in the mean time until we get all our engines converted to something much more reliable then we need to rely on oil.