[Vice Chairman of Chevron, Peter] Robertson said President Bush’s trip this week to Saudi Arabia is "highly embarrassing" because he is "calling on the Saudis to produce more oil when we are not doing it ourselves." The last refinery built in America was in 1976. Tighter government regulations are the main reason. That’s how unserious we are about our energy "crisis."President Bush's visit with the Saudi's failed. They claim that their current levels of production are meeting current global oil demand. In other words, "Hey, America ... go **** yourself."
Robertson said there would be plenty of oil available to the United States if the oil companies were allowed to get it: "Eighty-five percent of offshore oil is off-limits."
Responding to objections to offshore drilling by environmentalists and their allies in Congress, Robertson noted that some of the strongest pro-environment nations in Europe — he mentions Denmark, Norway, the United Kingdom — lease offshore locations for oil exploration. The technology has become so good, he said, that during Hurricanes Katrina and Rita, "one thousand offshore wells were destroyed (in the Gulf of Mexico), but not one leaked." Australia, he said, has allowed offshore drilling for 40 years without any environmental damage.
In addition to the sinking value of the dollar, here is the main problem: According to the Department of Energy, U.S. oil production has fallen approximately 40 percent since 1985, while the consumption of oil has grown by more than 30 percent.
According to government estimates, there is enough oil in areas accessible to America — 112 billion barrels — to power more than 60 million cars for 60 years. The Outer Continental Shelf alone contains an estimated 86 billion barrels of oil and 420 trillion cubic feet of natural gas. Had President Clinton not vetoed exploration in the Arctic National Wildlife Refuge (ANWR) in 1995, when oil was $19 a barrel, America would currently be receiving more than 1 million barrels a day domestically, all of it taken by better technology than existed more than 30 years ago. That was when the Alaskan pipeline was built despite protests from environmentalists who claimed it would destroy the caribou. It didn’t, but the environmentalists are back with the same discredited arguments. Because most of the oil remains "off-limits," we are becoming more dependent on foreign oil.
Meanwhile, Democrats won control of Congress in 2006 campaigning on 'change' to our domestic energy policies and ending our reliance on foreign oil. So far, they've only continued to hamper our efforts to gain energy independence, while dictating what type of light bulbs we're going to be allowed to use.
When vetoing the ANWR bill in 1995, Clinton told us that we didn't need to drill there because, even if we'd done so, we wouldn't have access to the oil for 10 years. Well, it's been 13 years now. Oil has gone from $19 a barrel to nearly $130 a barrel, and we are reduced to begging foreign nations to open their oil spigots a little more to ease the high gas prices that are strangling our economy.
Ask yourself: Would we be better off, or worse off, if we had that oil flowing today ... ? And, do we dare elect another president who'll continue those same, short-sigthed policies?
