Young Democrats of Harford County

For Democrats of all ages and other like-minded folks in Harford County, Maryland.

Archive for July, 2008

OCS Oil Drilling: The WRONG Approach

Posted by piperj3cub on July 15, 2008

The Democrats in Congress can go a long way at this point in time towards renewing my personal faith in the party… by NOT responding to Bush’s obnoxious tactic to try and open vast regions of the Outer Continental Shelf (OCS) to oil drilling.  Drilling in the regions of the OCS currently off-limits will have NO short-term impact on fuel prices (it could be argued that the speculation of future supplies may reduce the price of oil by a small amount, but in reality over the past 50 years any increase in domestic production has had little to no impact on the price of gasoline; these data are available from multiple government and industry sources).  Expanding regions of the OCS open for future drilling WILL however allow many cronies of the president to make millions of dollars, if not billions, by domestic exploration alone, much less actual drilling (remember that much of both Bush’s and Cheney’s stock portfolios are involved with corporations that specialize in oil exploration and extraction).

 

Still… the entire reasoning behind the president’s decision to ‘open’ the OCS for expanded research and drilling is the reduction of gasoline prices.  I say again that this legislation will have NO IMPACT on fuel prices.  So, why will the Democrats in congress support it?  It is getting increasingly bothersome to me that the Democratic Party is so willing to legislate rather than educate; our party’s position over the past decades on this issue has been the correct one!  We need to be telling America why we are correct, not change our policy because we think this will work against Obama in the presidential campaign.  The position of environmental protection is not a bad one.  In addition, if we want to truly impact fuel prices, we would be supporting increased economy standards for automobiles, and an overall energy-efficient economy.  The slight increase in future supply of oil will have a minimal impact on fuel prices compared to the almost instantaneous impact that higher fuel efficiency standards would have on demand.  Wake up Democratic Party… DO THE CORRECT THING!

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Posted in Barack Obama, Democratic Party, George W. Bush, Politics | Tagged: , , , | 11 Comments »