NYT Op Ed: Offshore Oil Drilling [is] for Dummies

nyt op ed offshore oil drilling is for dummies

New York Times Op Editorialist Bob Herbert thinks motorcyclists in particular and American voters in general have been hood-winked by pols who proclaim that drilling for oil would offer relief from high gas prices. Make that "immediate relief." "Maximum capacity from these new leases wouldn’t be reached until 2030, when that 7- or 8-year-old is approaching 30, finished with college and graduate school, and very likely married with children. And even then — after more than two decades and who knows how many graduations, weddings, funerals and family cars — even then, the amount of oil expected to come from these leases would have little or no effect on the price of gasoline at the pump." So that's that then. Except for a slam at anyone stupid enough not to accept Herbert's argument. "I wonder if the electorate will ever wise up." Yeah, democracy sucks. You know, except for all the other systems [hat tip to Winston Churchill for the pithiness].

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  • Mdf Mdf on Aug 13, 2008

    nonce: No one is saying you have to quit your job and go drill for oil. If the government says "no drilling", then the money, material and people that would have gone searching for oil are now released for other activities. Part of an "energy policy" that said something like "drilling to energy independence is stupid" would be direct and indirect mechanisms that would encourage the aforementioned resources to be allocated in preferred directions.

  • Nonce Nonce on Aug 14, 2008
    If the government says “no drilling”, then the money, material and people that would have gone searching for oil are now released for other activities. You would be an awesome central planner. Maybe we could call this the "Great Leap Forward." Yeah, that would be sweet! Next, let's ban football and baseball. And then blogs. And then assign them to their proper jobs. Of course, for those who aren't trying to starve 20 million people to death, and who realize that oil rig swords aren't going be beaten into windmill blade plowshares, letting some people drill doesn't slow down the economy at all. In fact, with the significant multiplier of the money spent drilling compared to the money that the oil pumped out is sold for, it will increase the capital available for other investments.

  • Pch101 Pch101 on Aug 14, 2008
    If the government says “no drilling”, then the money, material and people that would have gone searching for oil are now released for other activities. No, they really won't. These are multinational corporations that are experts in oil and gas. They will simply expand their exploration and development work outside of the United States, or they'll invest in other projects that they believe might be lucrative.

  • GtiBono GtiBono on Aug 14, 2008

    DRILL!!!!!!!!!!! drill the lands long and hard now seriously, we need to start now if there is to be any gain at all, and at the same time go for alternative fuels, so we have options should we never have enough oil, i mean its not that hard to multitask is it?

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