Palin Still Pushing "Drill, Drill, Drill" Even As Gas Prices Fall Below $2
At the BP station at the corner of Clemens and Crocker Roads, just off I-90 in Westlake, Ohio, regular unleaded gas is $1.97 today according to the website ClevelandGasPrices.com
Clearly, the argument that we needed to drill, drill, drill and to hell with the environment in order to bring down gas prices was wrong. Supply and demand works: As the price of gasoline rose, demand fell, and as demand fell, supplies rose, and the pushed the price down. Plus the speculators finally got their money out as they saw demand falling and moved to collect their profits and move on.
So why in the world is Sarah Palin still pushing the Drill, Drill, Drill meme in Ohio? Gas prices here are back to 2000 levels. Clearly, conservation and controlling speculation is what was needed. Why not admit you were wrong and move on?
Won't the decrease in gas prices lead to an increase in demand, which will lead to an increase in price, until demand decreases, which will decrease gas prices........
I don't see what's wrong with still wanting to drill. If the oil is there, then we have more oil to use domestically while we continue researching alternative fuel sources. Using more oil domestically will also lead to less exports of oil (in theory), which would decrease the price they're charging us and lead us towards being less dependent on foreign oil. Sounds like a pretty good deal.
JP7, the problem with still wanting to drill is that its delaying the inevitable without preparing for it. I would support increased drilling only if its coupled with investments in alternative energy to get our economy completely off of oil in 10 years.
The McCain-Palin plan doesn't do that. It gives lip service to alternative energy without laying out the Manhattan Project type of plan we need to get completely off of oil, and refuses to acknowledge that we'll never be energy independent as long as our economy is dependent on oil.
The argument was it will take too long. Now that gas is down to $2, the argument is we don't need it.
There's a comic strip called Snuffy Smith. When it rained, the roof leaked. On the rainy days, Snuffy would say he couldn't fix the roof because it was leaking. On sunny days, he wouldn't fix the roof because it didn't need it. Somehow, this seems to fit...
what was that in response to.......that drilling would immediately bring down the price of gas? Certainly drilling wouldn't bring down the price of gas either immediately or in the future.
I would think the primary argument against increased drilling in this areas has always been and always will be that there is a need to wean ourselves off oil, period.
I never heard that the primary argument against dilling was that it would take too long.