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House Speaker Nancy Pelosi on Monday night dropped her staunch opposition to a vote on offshore oil drilling in the House.
Republicans, reacting to high gas prices, have demanded a vote on additional oil exploration in the Outer Continental Shelf, where drilling is currently blocked by a moratorium. Until now, Pelosi (D-Calif.) has resisted the idea as a “hoax.” But in an interview on CNN’s Larry King Live, she indicated that she was open to a vote.
Its like arguing over building a road when we have flying cars!
She indicated such a vote would have to be part of a larger package that included other policies, like releasing oil from the Strategic Petroleum Reserve, which she said could bring down prices in a matter of days.
“But it has to be part of something that says we want to bring immediate relief to the public and is not just a hoax on them,” Pelosi continued.
Originally posted by TheRedneck
There is no substitute for oil in the manufacture of plastics and cosmetics even proposed.
TheRedneck
...the first plastic ever developed was a “plant based plastic,” a cotton-derived product designed to replace ivory. Henry Ford was a proponent of plant based plastics and he developed a demonstration vehicle in 1941 whose seat covers, dashboard, wheel, and tires were made from plant based materials. Unfortunately, this all changed when the chemical industry hijacked the plastics market and introduced low-cost toxic plastics made from oil.
The problem with the knee jerk reaction the Republicans are promoting over off shore drilling is a straw dog. They know they are doomed this election cycle so they are pushing this idea in hopes people will not notice their moral bankruptcy and poverty of real ideas, much less solutions that does not involve fattening their owners wallets even more than they already have.
First off it will take at least 10 years for any oil from off shore drilling to hit the market and at least 20 years before it hits its stride... that is a long wait for a drop in price at the pump.
Despite the dittohead's insistance that it is Republican noise (bush minor's comments didn't even make the market blink because no one pays him any attention anymore... if he were any more of a lame duck he would be stuffed and on a mantlepiece somewhere) that has cause the recent fall in oil prices, it has done nothing of the sort. Demand is down planet wide because of the high price, ergo there is more oil on the market so supply drops... its so simple even the average Joe understands it... also there is always a drop in oil prices at summer's end.
The other thing is this and it is by far the most important... all the oil that the big oil companies drill goes into an international pool as it were from which all the nations and suppliers buy from... in short it never stays in the nation of origin and if demand is high and the dollar weak it doesn't matter if it was drilled on the Mall in DC... if we don't have the money to buy it with, it doesn't benefit us one iota.
Its a scam to claim otherwise... unless we nationalize our oil reserves for our use, only selling the excess it doesn't matter its drilled.
Still diversifiying energy resources and developing new ways of doing things are the only real answer.
Originally posted by jsobecky
reply to post by Andrew E. Wiggin
( one person should not have that much power, imo