Although most polls show that the American public is in favor of offshore oil drilling, the Obama administration is ready to ban it. Meanwhile, according to an editorial in the Washington Times on March 18, 2010, Russian will be erecting oil derricks very close to the U.S. on the Cuban coast.
The editorial states that offshore production would not only supply U.S. energy needs, but would also create jobs during the recession that is keeping millions of Americans unemployed. In addition, the article says that offshore drilling would:
- Contribute to the gross domestic product while not increasing the trade deficit.
- Help keep a lid on rising prices.
- Give the United States more influence over the global market.
According to The Washington Times, a Pew Research Center poll from February showed that 63 percent of Americans support offshore drilling for oil and natural gas. Meanwhile while Obama is against the U.S. doing offshore drilling, it helped Brazil underwrite it in the Tupi oil field near Rio de Janeiro.
The editorial reports that energy is critical to Russia's economy as a fuel and source of profit through export. It also give Russian political power because it can shut off the supply to Eastern Europe at will to make a diplomatic point.
By drilling off the Cuban coast, Russia is said to be establishing a new presence in the Western Hemisphere as it recently concluded four contracts securing oil-exploration rights in Cuba's economic zone in the Gulf of Mexico.The Russian-Cuban joint partnership being established will exploit oil found in the Gulf. Cuba as it has the rights to the area under an agreement the Carter administration recognized.
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Comments
Instead of producing our own energy (drilling, coal, nuclear) and becoming energy independent, we will borrow more money from the Chinese to subsidize the failed ethanol boondoggle, failed wind farms, and an unproven experiment in the SW desert with a gigantic solar farm.
The intent is to harm and weaken America. The American people elected the goons that are visiting this terror upon our economy.
What "Oil Can Harry" said is true. The president cannot fundamentally change America without destroying it. It's so obvious.
It is obvious that OBAMA has no idea of what he is doing! The American People have been hoodwinked by a stupid moron that was being pushed into the OVAL office for nefarious reasons.
OBAMA has wrecked things for most good and intellectual black people for a long while. This is so unfair to the Black Man/woman.
There is nothing "our" about oil that is pumped out of North American wells. Unless there is some move to nationalize the oil companies involved, oil produced here goes on the world market as does all other oil, to the highest bidder. The amount of oil available here that is easily gotten (forget shale oil for now) is small compared to the vast reserves of the Middle East, Russia, and now perhaps, Brazil. Price will be virtually unaffected by pumping here and nobody's going to call anyone's bluff by doing so. Finally, US oil companies are at present hugely profitable; why should they invest in rigs, personnel and new distribution (pipelines, etc.) which is costly and risky, only to see the price of oil go DOWN?
The "Drill here, drill now crowd just don't make any sense.
Whave a 10% unemployment and a crappy economy, thats why we "Drill here Drill now"
Our compliance with EPA/DEQ is phenomenal, do you really believe the Russo-Cuban alliance will be worried about compliance in the USA? Wake Up!
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