Posted by
Rich on Tuesday, June 24, 2008 8:23:52 AM

We
have heard calls for change but the Sarasota Herald-Tribune calls for
America to do the same things we have been doing for over 30 years that
do not work.
In their editorial, "
Offshore pandering"
they argue against drilling off-shore because it is a vote getter. That
is putting pure politics against the best interests of the nation. That
is the height of partisanship and not change. We must put the good of
the Country above political party.
As I explained in detail in
my column yesterday,
we have been doing exactly what the Democrats, liberal left,
environmentalists and media have wanted. As the Sarasota Herald-Tribune
points out there has been a 27 year moratorium on off-shore drilling.
They state, "So, instead of supporting realistic solutions -- such as
more conservation; better fuel efficiency in cars, industry and
buildings; and incentives for developing alternative energy sources --
these elected officials are pandering to voters' fears."
But we have been doing all of these things for over 30 years.
Since
1980 we Americans: Haven't drilled for our own oil. We haven't built
new refineries. We have significantly increased regulatory requirements
on the production of gasoline to reduce carbon emissions. We have taken
lead out of gasoline to reduce pollution and added ethanol to our
gasoline. Via market pressures we have increased the efficiency of our
cars. We have forced the production of 45 different grades of gasoline
to meet EPA and state laws on pollution levels. We have heavily
subsidized solar and wind power and ethanol production at both the
national and state levels. We do build more energy efficient homes and
buildings. And finally of course - we have conserved.
What has
this gotten us? Higher prices for gasoline, oil, and natural gas. What
does this mean for Gulf states like Florida? It means a direct hit on
our economy. An economy that is already reeling from the shocks of a
mortgage meltdown.
According to
America's Power
Florida gets 29.2% of our power from coal. We get 16.9% from petroleum,
38% from natural gas and 0.1% from hydroelectric. If we had our own
supply of natural gas from the Gulf we could eliminate totally our use
of coal and oil. Florida power is the 13th highest in the U.S. We could
become one of the lowest with our own resources lying a few miles into
the Gulf of Mexico.
For every one cent increase per KwH of electrical power that is $2 billion out of our economy.
Let's look at the arguments put forth by the Sarasota Herald-Tribune, which match those of Democrats and some Republicans:
Argument
#1 - "Even if new offshore areas were leased for drilling today, it
would take 10 years to bring their oil or gas to market."
If
President Clinton hadn’t vetoed legislation allowing environmentally
sensitive exploration on the Coastal Plain of ANWR ten years ago, today
we would have one million additional barrels of oil coming from ANWR
each day, which would mean lower gas prices for consumers and more
energy security right now. ANWR is estimated to contain 10 billion
barrels of oil -- about 15 years’ worth of imports from Saudi Arabia.
The "not bring relief immediately" mantra is simply designed to reject
today's reality of high gas prices in favor of doing nothing. Doing
nothing is not an option.
Argument #2 - "The United
States has only 3 percent of the world's oil reserves." According to
Investor's Business Daily, "In this country alone there is at least 118
billion barrels of recoverable but untapped oil, a bit more than Iraq's
estimated reserves. The latest forecast indicates that there are 3.7
billion barrels of oil that are recoverable from the Bakken Formation
[located in the Williston Basin that stretches through Montana, North
Dakota and Saskatchewan]. However, there is much more liquid crude
there. The speculation begins at 500 billion barrels and goes as high
as 2 trillion barrels."
Argument #3 - "...the damaging effects
drilling could have on the state's economy and environment," Actually
drilling in the Gulf will reduce the possibility of an oil spill
because all the oil spills in the United States to date were from
tankers, not off shore drilling platforms. There are 3,739 offshore oil
platforms in the Gulf of Mexico today and 3,203 lie off the Louisiana
coast. There have been no oil spills from an offshore oil platform in
the Gulf, none. Even during hurricane Katrina, when over 1,000
platforms were displaced, not one drop of oil was spilled. Actually,
studies by Louisiana State University have found that abandoned oil
rigs in the gulf become artificial reefs and cause marine life to
explode.
Argument #4 - "Energy companies already hold leases for
90 million offshore acres, but only about 20 million -- less than 25
percent -- are being tapped for oil." Like anything else you go for the
oil that is easiest and cheapest first based upon market demand. By
opening up ANWR, the Outer Continental Shelf and the Gulf of Mexico we
can get to bigger deposits, cheaper and faster. This means it gets to
the market faster. More supply to meet the demand and you have lower
prices. If ANWR, the Outer Continental Shelf and the Gulf of Mexico
were opened to exploration and drilling by Congress tomorrow, futures
traders would suddenly bail and the oil bubble would burst sending
prices tumbling.
The rights to the oil and natural gas off the
shores of Florida belongs to Floridians. There are in fact billions of
barrels of oil and billions, perhaps trillions, of cubic feet of
natural gas just 50 miles off of our shores. We Floridians have the
right to this off-shore property and the right to exploit those
resources contained there in. We all understand that we must extract
this precious resource in an environmentally sensitive way but we must
extract it.
Finally, China and Cuba can
explore and drill for Florida's oil right now. Why can't we?
Congress,
and our state legislators need to get it like Governor Crist and we
Floridians get it. This is a pocket book issue and impacts our ability
to put food on our tables, get our kids to school, keep our homes, and
run our businesses.
What is that saying, doing the same thing
and expecting different results is a form of insanity. We can no longer
afford this insanity.