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Drilling the hole deeper!

May 7th, 2008 · 2 Comments

If there reason for frustration with Democratic Party Senate leadership over messaging when it comes to energy issues, we should be beyond frustration about disastrous Republican substance when it comes to energy. When it comes to oil, the only solution: more supply, drill, drill, drill!!! Putting aside the question as to the sensibility of a supply-side answer in the face of Peak Oil, Global Warming, and rising global demand (can we increase fast enough), let us take a brief look at the linkage between drilling and oil prices.

Additional drilling doesn’t seem to drive lower gasoline prices, does it?

DRILL! DRILL! DRILL! does not make for sensible energy policy.

Oil is finite. We use more, faster, we run out faster. Should we think about keeping some around as reserves for future generations?

We cannot increase supply as fast as demand is rising. If we don’t do something about demand curves, prices are going to continue to escalate to higher and higher levels.

We can reduce demand for lower cost than creating new supply (if new supply is even possible). Why not take the cost-effective routes.

And, there is the little tickler of Global Warming. Increased oil use means increased pollution.

Point. Game. Set. Match.

Samuelson. Bush. The Republicans are wrong. More drilling is NOT the answer.

When you’re stuck deep in a hole, the first thing to do is to stop digging.  When we’re stuck deep in the hole of oil addiction, perhaps the first thing to do is stop emphasizing drilling?

Now, when we consider the failures of Republican-driven energy policies and the serious implications for American national security (from exporting dollars to global warming), perhaps the right way to think of the Republicans approach to energy is as the “Kill and Drill Republican” Party approach to energy.

Tags: Energy · environmental · government energy policy · politics

2 responses so far ↓

  • 1 Jack Vinsant // May 29, 2008 at 1:32 am

    You are totally wrong and an enemy of the US. We must develop all resources asap including oil reserves in the US. Prices are set at the margin, a concept you are clearly ignorant of. More incremental supply will definitely impact price!

  • 2 A Siegel // May 29, 2008 at 1:41 am

    Vinsant — your comment is insulting, on multiple levels.

    Take a look at demand curves. Take a look at global production levels. Are you serious in asserting that we have an ability to produce ourselves out of the problem.

    As to “enemy of the United States”, considering the national security implications, economic disruption, and other risks from unchecked global warming, you are absolutely choosing to ignore Global Warming implications from your feed the addiction path forward.