Commentary Archive

Drilling for oil in the U.S. will not have an impact on oil prices for 10 years
Liberal's say that if we drill for oil off the coast of the United States or in Alaska- it will take more than 10 years to have an impact on gas prices. However- they also say that oil speculators are the reason the price of gas is so high. Hmm??? Well- the truth is that if we start drilling for oil in Alaska - the speculators would speculate that oil prices would go down in the future - so the price of oil would drop.

Also- please note that prices are determined by supply and demand. You can drill your way out of an energy crises- but you cannot conserve your way out... The reason is simple. You may conserve all you want - but you have no way to prevent the growing demand in other countries like China, India and third world countries.

Lastly - please note that Bill Richardson was the Secretary of Energy 10 years ago under Bill Clinton. If he would have allowed drilling for oil in Alaska - we would reap the benefit now. This is liberalism- it is reactive and not proactive. It would be like saying- why save for retirement- it is not going to happen for another 20 years. Why go to school and get an education- I can work now and make money. Be prepared for life and you will be successful.

Since writing this- the price of oil has dropped more than 50% over a six month period due entirely to an economic recession. This is proof that supply and demand impacts the price of oil. Not just the United States- but the world is facing an economic recession. As a result- the demand for oil is down - so the price is down.

Understand - the United States will be a leader in alternative energy production one day in the future- but that is in the future- in the mean time- we need to drill for oil now.

Written by Thomas George
Editor@boycottliberalism.com

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