O.K., so the senate brought drilling for oil in the Arctic Wildlife Preserve a little closer today. In the article I read, they said the following:
The U.S. Geological Survey’s estimate of the economically recoverable resources is about 6 billion barrels at prices at or above $35 per barrel. The United States imported an average of about 9.7 million barrels of crude oil per day in January.
So at first I thought that sounded like a pretty good amount of oil, until I did the math and realised it's about 1.7 years worth of oil! Now I understand we wouldn't pump it all out at once, but would this amount really help national security and break OPEC's power? Isn't this really about helping out the Senators from Alaska and bringing a bunch of pork barrel style jobs and money to those with influence? And I say pork barrel because the proposed "subsidy" to help build this is 2.6 billion. Don't we have better uses for our money? Especially when we are racking up half a trillion in debt every year? Sorry and thanks for letting me rant.....
The U.S. Geological Survey’s estimate of the economically recoverable resources is about 6 billion barrels at prices at or above $35 per barrel. The United States imported an average of about 9.7 million barrels of crude oil per day in January.
So at first I thought that sounded like a pretty good amount of oil, until I did the math and realised it's about 1.7 years worth of oil! Now I understand we wouldn't pump it all out at once, but would this amount really help national security and break OPEC's power? Isn't this really about helping out the Senators from Alaska and bringing a bunch of pork barrel style jobs and money to those with influence? And I say pork barrel because the proposed "subsidy" to help build this is 2.6 billion. Don't we have better uses for our money? Especially when we are racking up half a trillion in debt every year? Sorry and thanks for letting me rant.....